Working papers

• Trade Wars and the Optimal Design of Monetary Rules, with S. Auray and M. Devereux.
• Markups, Taxes, and Rising Inequality, with S. Auray, B. Garbinti and J. Goupille-Lebret.
• Endogenous Automation, with S. Auray.
• Aging, Fertility and Macroeconomic Dynamics, with M. Hamano.
• Inégalités de revenus et de patrimoines: Modèles, données
  et perspectives croisées, with S. Auray, B. Garbinti and J. Goupille-Lebret.
• Trade Wars, Currency Wars, with S. Auray and M. Devereux.
  [Previous version: NBER Working Paper 27460]

Selected Publications

• Trade Wars, Nominal Rigidities and Monetary Policy, with S. Auray and M. Devereux.
  Review of Economic Studies, accepted. [NBER Working Paper 31302]
• Optimal Unemployment Insurance in a THANK Model, with S. Auray.
  Review of Economic Dynamics, accepted.
• On Portfolio Frictions, Asset Returns and Volatility, with C. Poilly & A. Belianska.
  European Economic Review, 160, 104623, 2023. [Online Appendix]
• The Demand for Trade Protection over the Business Cycle, with S. Auray & M. Devereux.
  Journal of Money, Credit and Banking, 2023. [Ungated version] [Online Appendix].
• Self-Enforcing Trade Policy and Exchange Rate Adjustment, with S. Auray & M. Devereux.
  Journal of International Economics, 134, 103552, 2022. [Ungated version] [Online Appendix]
• Taking off into the Wind: Unemployment Risk and State-Dependent
  Government Spending Multipliers, with J. Albertini, S. Auray and H. Bouakez.
  Journal of Monetary Economics, 117, p. 990-1007, 2021. [Online Appendix]
• The Macroeconomic Effects of Lockdown Policies, with S. Auray.
  Journal of Public Economics, 190, 104260, 2020. [Online Appendix]
• Ramsey-optimal Tax Reforms and Real Exchange Rate Dynamics, with S. Auray and P. Gomme.
  Journal of International Economics, 115, p. 159-169, 2018.
• Episodes of War and Peace in an Estimated Open Economy Model, with S. Auray.
  Journal of Economic Dynamics and Control, 105, p. 203-249, 2019.
• Debt Hangover in the Aftermath of the Great Recession, with S. Auray & P. Gomme.
  Journal of Economic Dynamics and Control, 105, p. 107-133, 2019.
• Banks, Sovereign Risk and Unconventional Monetary Policies, with S. Auray and X. Ma.
  European Economic Review, 108, p. 153-171, 2018.
• Competitive Tax Reforms in a Monetary Union with Endogenous Entry and Tradability, with S. Auray and X. Ma.
  European Economic Review, 98, p. 126-143, 2017.
• A Tale of Tax Policies in Open Economies, with S. Auray & P. Gomme.
  International Economic Review, 57(4), p. 1299-1333, 2016.
• Welfare Reversals in a Monetary Union, with S. Auray.
  American Economic Journal: Macroeconomics, 6(4), p. 246-290, 2014.
• Wars and Capital Destruction, with S. Auray & F. Jouneau-Sion.
  Journal of Economic Dynamics and Control, 41, p. 224-240, 2014.
• Ramsey Policies in a Small Open Economy with Sticky Prices and Capital, with S. Auray & B. de Blas.
  Journal of Economic Dynamics and Control, 35(2), p. 1531-1546, 2011.

Other Publications

• Heterogeneity, Convergence and Imbalances in the Euro Area, with S. Auray.
  Revue de l’OFCE, 173, p. 117-150, 2021.
• The Welfare Gains of Cooperative Public Infrastructure Policies: A Trade and Supply-Side View, with R. Aloui.
  Annals of Economics and Statistics, 140, p. 27-44, 2020.
• On the Role of Debt Maturity in a Model with Sovereign Risk and Financial Frictions, with S. Auray.
  Macroeconomic Dynamics, 23(5), p. 2114-2131, 2019.
• Spending Multipliers with Distortionary Taxes: Does the Level of Public Debt Matter?, with R. Aloui.
  Journal of Macroeconomics, 60, p. 275-293, 2019.
• Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England, with S. Auray & F. Jouneau-Sion.
  Annals of Economics and Statistics, 121-122, p. 261-277, 2015.
• Government Spending, Monetary Policy, and the Real Exchange Rate, with H. Bouakez.
  Journal of International Money and Finance, 56, p. 178-201, 2015.
• A Note on the Business Cycles Implications of Trade in Intermediate Goods, with G. Kamber.
  Macroeconomic Dynamics, 18(5), p. 1161-1171, 2014.
• Modelling Tails of Aggregated Economic Processes in a Stochastic Growth Model, with S. Auray & F. Jouneau-Sion.
  Computational Statistics and Data Analysis, 76, p. 76-94, 2014.
• On Financial Markets Incompleteness, Price Stickiness and Welfare in a Monetary Union, with S. Auray.
  Annals of Economics and Statistics, 109-110, p. 205-234, 2013.
• The Effect of a Common Currency on The Volatility of the Extensive Margin of Trade, with S. Auray & J.C. Poutineau.
  Journal of International Money and Finance, 31(5), p. 1156-1179, 2012.
• Do Changes in Product Variety Matter for Fluctuations and Monetary Policy in Open Economies?, with S. Auray.
  International Finance, 14(3), p. 507-539, 2011.
• Markets Integration and Macroeconomic Dispersion in a Monetary Union, with J.C. Poutineau.
  Louvain Economic Review, 76(1), p. 5-30, 2010.
• The Welfare Gains of Trade Integration in the European Monetary Union, with S. Auray & J.C. Poutineau.
  Macroeconomic Dynamics, 14(5), p. 645-676, 2010.
• Sharing Money Creation in a Monetary Union, with S. Auray, G. Hamiache & J.C. Poutineau.
  Review of International Economics, 16(5), p. 817-834, 2008.
• Nash Bargaining, Money Creation and Currency Union, with S. Auray, G. Hamiache & J.C. Poutineau.
  Annals of Economics and Finance, 9(2), p. 253-292, 2008.

Publications in french

• Les déséquilibres externes des Etats-Unis conduisent-ils à des asymétries au sein de l’UEM?
  Annals of Economics and Statistics, 103-104, p. 223-243, 2011.
• Politique monétaire optimale et effet de variété en économie ouverte, with S. Auray & J.C. Poutineau.
  Economie et Prévision, 193(2), p. 43-58, 2010
• Chocs asymétriques et bien-être en union monétaire avec marchés financiers incomplets, with S. Auray.
  Revue Economique, 60(3), p. 667-677, 2009.