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Measuring Core Inflation Using a Structural VAR Approach : An Application to France, Germany and the UK (In French)

Jacquinot, Pascal - 2011

Blanchard and Quah(1989) to compute the core inflation in UK. We apply the same technique for France, Germany and UK. Moreover …

Persistent link: https://www.econbiz.de/10013131867

Interactions between Business Cycles, Stock Market Cycles and Interest Rates : The Stylised Facts

Avouyi-Dovi, Sanvi - 2010

cycle in France, Germany, Italy, the United Kingdom and the United States, using two complementary approaches in our …

Persistent link: https://www.econbiz.de/10013136227

Firm Dynamics and Growth Measurement in France

Aghion, Philippe - 2018

. (2017) to quantify in the case of France how much of productivity growth is missed by statistical offices because of this …. Using the census of plants in France, we find that from 2004 to 2015, about 0.5 percentage point of real output growth per …

Persistent link: https://www.econbiz.de/10012921492

Firm Size and the Intensive Margin of Import Demand

Blaum, Joaquin - 2018

We use French microdata to test an ubiquitous property of firm-based models of importing. When firm efficiency is factor neutral and input prices and qualities are common across firms, firm size should have no effect on expenditure shares on the different products and varieties sourced, holding...

Persistent link: https://www.econbiz.de/10012931163

Accounting for Intergenerational Wealth Mobility in France over the 20th Century : Method and Estimations

Garbinti, Bertrand - 2020

. Misclassification induces a low and downward bias in the estimate of the intergenerational correlation. Using France as an example, we …

Persistent link: https://www.econbiz.de/10012827500

Real Estate Prices and Corporate Investment : Theory and Evidence of Heterogeneous Effects Across Firms

Fougère, Denis - 2017

In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...

Persistent link: https://www.econbiz.de/10012958147

Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets

Avouyi-Dovi, Sanvi - 2017

Through a time-varying VAR model with drifting parameters and stochastic volatilities (Cogley and Sargent, 2005, Primiceri, 2005), we explore nonlinearities on the French housing and credit markets, which give rich insights on the persistent bubble of the 2000s. While the price increase took...

Persistent link: https://www.econbiz.de/10012963084

The Price of Stability. The Balance Sheet Policy of the Banque De France and the Gold Standard (1880-1914)

Bazot, Guillaume - 2014

Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of …, differ so much? How did the Bank of France manage to keep a stable rate and continuously violate the “rules of the game …”? This paper tackles these questions and shows that the domestic asset portfolio of the Bank of France played a crucial role …

Persistent link: https://www.econbiz.de/10013045945

Land Collateral and Labor Market Dynamics in France

Kaas, Leo - 2015

The value of land in the balance sheet of French firms correlates positively with their hiring and investment flows. To explore the relationship between these variables, we develop a macroeconomic model with firms that are subject to both credit and labor market frictions. The value of...

Persistent link: https://www.econbiz.de/10013031144

Why are Inflation Forecasts Sticky? Theory and Application to France and Germany

Bec, Frederique - 2017

Consensus Economics panel data for France and Germany. Our empirical results support the presence of both kinds of dependence …

Persistent link: https://www.econbiz.de/10012941880