Prepared for the Spring 2020 edition of the Brookings Papers on Economic Activity [Link]

Slides [PDF] Conference Draft [PDF]

This paper empirically evaluates the potentially non-linear nexus between financial indicators and the distribution of future GDP growth, using a...

Final paper and replica codes published on AEJ:macro (Forthcoming) [Link]

Monetary Policy Instrument [.xlsx]

Last version of the Working Paper [PDF] [Online Appendix]

[BoE wp] [OFCE wp]

Commonly used instruments for the identification of monetary policy disturbances are l...

European Economic Review, Volume 119, October 2019 [Link]

Accepted Draft [PDF] Replica Code [ZIP] Working Paper [CEPR wp]

Article on Vox `The financial origin of the euro area fiscal wound'  [Link]

Billet de blog pour l'OFCE (FR) `L’origine financière de la blessure budgé...

Approved for publication in the forthcoming Economics and Finance Oxford Research Encyclopedia edited by Jonathan Hamilton by Oxford University Press [Warwick wp]

Updated version:
BVARs: Estimation [Oxford Research Encyclopedia] [PDF]
BVARs: Applications [Oxford Re...

[French] La Revue de l’OFCE, January 2018 [Link] [PDF]

[English] La Revue de l’OFCE, September 2018 [Link] 

This article presents some recent theoretical and empirical contributions to the macroeconomic literature that challenge the perfect information hypothesis. By tak...

Download [PDF] [Online Appendix]

Journal of Monetary Economics Volume 90, October 2017, Pages 13-27 [Link]

Abstract: Using a large Bayesian VAR, we approximate the flow of information received by economic agents to investigate the effects of changes to government purcha...

Dowload [JME] [ECB wp] [Appendix]

Journal of Monetary Economics, Volume 82, September 2016, Pages 107-118
Bloomberg Quint

Abstract: This paper investigates the influence of fiscal policy communication on the propagation of government spending shocks. We propose a new i...