Jean-Guillaume Sahuc

Banque de France

Head of the Financial Economics Research Division

31 rue Croix des Petits Champs

75049 Paris Cedex 01

France

http:// https://sites.google.com/site/sahuceconomics/

Université Paris Ouest - Nanterre, La Défense - EconomiX

Adjunct Professor of Economics

200 Avenue de la République

Nanterre cedex, Nanterre Cedex 92000

France

SCHOLARLY PAPERS

36

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2,407

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Top 2,895

in Total Papers Citations

49

CROSSREF CITATIONS

412

Scholarly Papers (36)

Optimal Monetary Policy in an Estimated Dsge Model of the Euro Area with Cross-Country Heterogeneity

Swiss Finance Institute Research Paper No. 07-36
Number of pages: 47 Posted: 15 Mar 2005
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 199 (185,692)
Citation 4

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Euro area, heterogeneity, optimal monetary policy, Bayesian econometrics

Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-Country Heterogeneity

Banque de France Working Paper No. 141
Number of pages: 55 Posted: 31 Oct 2010
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 116 (289,944)
Citation 41

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Euro area, heterogeneity, optimal monetary policy, Bayesian econometrics

2.

Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies

Number of pages: 29 Posted: 02 Feb 2017 Last Revised: 06 Dec 2018
Sarah Mouabbi and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 189 (194,638)
Citation 23

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Unconventional monetary policy, shadow policy rate, DSGE model, Euro area

A 'Hybrid' Monetary Policy Model: Evidence from the Euro Area

Number of pages: 14 Posted: 16 Dec 2001
Jean-Guillaume Sahuc
Banque de France
Downloads 148 (240,234)

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Euro area, habit formation, IS curve, Phillips curve, rule of thumb, monetary policy rule

A 'Hybrid' Monetary Policy Model: Evidence from the Euro Area

Posted: 16 Jan 2003
Jean-Guillaume Sahuc
Banque de France

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Euro area, habit formation, IS curve, Phillips curve, rule of thumb, monetary policy rule

Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve

Number of pages: 11 Posted: 03 Feb 2005
Jean-Guillaume Sahuc
Banque de France
Downloads 83 (362,111)
Citation 35

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Phillips curve, inflation inertia, trend inflation, degree of indexation

Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve

Banque de France Working Paper No. 118
Number of pages: 28 Posted: 11 Nov 2010
Jean-Guillaume Sahuc
Banque de France
Downloads 64 (419,754)
Citation 37

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Phillips curve, inflation inertia, trend inflation, degree of indexation

Incorporating Labour Market Frictions into an Optimising-Based Monetary Policy Model

Number of pages: 35 Posted: 29 Apr 2003
Jean-Guillaume Sahuc and Stephane Moyen
Banque de France and Deutsche Bundesbank - Research Centre
Downloads 119 (284,711)
Citation 3

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Incorporating Labour Market Frictions into an Optimising-Based Monetary Policy Model

Banque de France Working Paper No. 105
Number of pages: 50 Posted: 19 Dec 2010
Stephane Moyen and Jean-Guillaume Sahuc
Deutsche Bundesbank - Research Centre and Banque de France
Downloads 20 (643,616)
Citation 73

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DSGE models, Nominal rigidities, Real rigidities, Labour market search, Endogenous persistence, Euro area

6.

Social VAT: Good or Bad Idea? (La TVA Sociale: Bonne ou Mauvaise Idée?) (French)

Banque de France Working Paper No. 244
Number of pages: 31 Posted: 25 Jun 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 109 (301,293)

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Social VAT, DGE, Pre-Announced Fiscal Reform

A New Indicator of Bank Funding Cost

Swiss Finance Institute Research Paper No. 20-20
Number of pages: 42 Posted: 15 Apr 2020
Eric Jondeau, Benoît Mojon and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne), Bank for International Settlements (BIS) and Banque de France
Downloads 57 (445,213)

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Bank funding risk, bank credit spreads, liquidity supply regimes, multi- curve environment, economic activity predictability.

A New Indicator of Bank Funding Cost

BIS Working Paper No. 854
Number of pages: 43 Posted: 15 Apr 2020
Eric Jondeau, Benoît Mojon and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne), Bank for International Settlements (BIS) and Banque de France
Downloads 29 (579,937)

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bank funding risk, bank credit spreads, liquidity supply regimes, multicurve environment, economic activity predictability

8.

Assessing the Macroeconomic Effects of LTROs During the Great Recession

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 39 Posted: 01 Feb 2017
Christophe Cahn, Julien Matheron and Jean-Guillaume Sahuc
Banque de France, Banque de France and Banque de France
Downloads 84 (356,168)
Citation 3

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Financial Frictions, Unconventional Monetary Policy, Longer-Term Refinancing Operations, DSGE Model

A General Equilibrium Appraisal of Capital Shortfall

Swiss Finance Institute Research Paper No. 18-12
Number of pages: 65 Posted: 20 Feb 2018 Last Revised: 27 Feb 2018
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 58 (441,430)

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Capital Shortfall, Systemic Risk, Leverage, Financial system, Euro Area, DSGE Model

A General Equilibrium Appraisal of Capital Shortfall

Banque de France Working Paper No. 668
Number of pages: 66 Posted: 12 Mar 2018
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 25 (606,915)

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capital shortfall, systemic risk, leverage, financial system, euro area, DSGE model.

10.

Testing Heterogeneity within the Euro Area Using a Structural Multi-Country Model

Number of pages: 38 Posted: 04 Feb 2005
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 78 (372,174)

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Euro area, heterogeneity, Bayesian econometrics, multi-country model

11.

Assessing the Macroeconomic Effects of LTROs

Banque de France Working Paper No. 528
Number of pages: 40 Posted: 17 Dec 2014
Christophe Cahn, Julien Matheron and Jean-Guillaume Sahuc
Banque de France, Banque de France and Banque de France
Downloads 74 (383,399)
Citation 14

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Financial frictions, unconventional monetary policy, long-term refinancing operations, DSGE model

12.

Influence of Parameter Estimation Uncertainty on the European Banker Behavior: An Extension

Number of pages: 24 Posted: 16 Jan 2003
Jean-Guillaume Sahuc
Banque de France
Downloads 66 (407,807)

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European monetary policy, estimation parameter uncertainty, linear quadratic stochastic control

13.

Welfare-Theoretic Criterion and Labour Market Search

Number of pages: 11 Posted: 04 Oct 2005
Stephane Moyen and Jean-Guillaume Sahuc
Deutsche Bundesbank - Research Centre and Banque de France
Downloads 63 (417,665)

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Welfare, labour market search, sticky price, second-order approximation techniques

14.

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Banque de France Working Paper No. 379
Number of pages: 59 Posted: 15 May 2012
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 60 (427,825)
Citation 5

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DSGE models, Edgeworth complementarity/substitutability, Government spending rules, Multiplier

15.

Taming Debt: Can GDP-Linked Bonds do the Trick?

Number of pages: 49 Posted: 18 Jun 2020 Last Revised: 24 Oct 2020
Sarah Mouabbi, Jean-Paul Renne and Jean-Guillaume Sahuc
Banque de France, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Banque de France
Downloads 54 (449,543)

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GDP-linked bonds, debt stabilization, consumption-based model, term structure

16.

Estimating the Implicit Inflation Target in the Euro Area

Banque de France Working Paper No. 246
Number of pages: 19 Posted: 27 Jun 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 50 (465,052)

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Implicit inflation target, Macroeconometric modelling, Euro area

17.

Robust European Monetary Policy Rules

Number of pages: 14 Posted: 15 Jul 2003
Jean-Guillaume Sahuc
Banque de France
Downloads 48 (473,012)

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Euro area, robustness, uncertainty, optimal monetary policy

18.

The Laffer Curve in an Incomplete-Market Economy

Banque de France Working Paper No. 438
Number of pages: 34 Posted: 06 Aug 2013
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 45 (485,625)
Citation 7

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Laffer Curve, Incomplete Markets, Labor Supply, Precautionary Savings, Public Debt

19.

Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium-Scale DSGE Model

Banque de France Working Paper No. 182
Number of pages: 29 Posted: 09 Oct 2010
Frank Smets and Jean-Guillaume Sahuc
European Central Bank (ECB) and Banque de France
Downloads 45 (485,625)
Citation 2

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Policy activism, DSGE model, interest rates, macroeconomic shocks

20.

Disinflation and Unemployment in the Euro Area: A SVAR-Based Analysis

Banque de France Working Paper No. 247
Number of pages: 39 Posted: 27 Jun 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 45 (485,625)

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SVAR, long-run restrictions, disinflation

21.

High-Frequency Monitoring of Growth-at-Risk

CAMA Working Paper No. 97/2020
Number of pages: 24 Posted: 11 Nov 2020
Laurent Ferrara, Matteo Mogliani and Jean-Guillaume Sahuc
SKEMA Business School, Banque de France and Banque de France
Downloads 43 (494,431)
Citation 5

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Growth-at-Risk, mixed-data sampling, Bayesian quantile regressions, financial conditions, euro area.

22.

Supply Shocks and Optimal Monetary Policy in the Euro Zone

Banque de France Working Paper No. 200
Number of pages: 17 Posted: 22 Sep 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 39 (512,634)

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Supply shocks, SVAR, Optimal Monetary Policy

23.

Evaluating the Macroeconomic Effects of the ECB’s Unconventional Monetary Policies

Banque de France Working Paper February 2019, WP #708
Number of pages: 32 Posted: 22 Feb 2019
Sarah Mouabbi and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 35 (532,259)
Citation 3

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unconventional monetary policy, shadow policy rate, DSGE model, euro area

24.

Central Banker's Behaviour in an Uncertain Environment

Banque de France Working Paper No. 241
Number of pages: 34 Posted: 28 Aug 2010
Sanvi Avouyi-Dovi and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 35 (532,259)

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Monetary policy, Uncertainty, Macroeconomic Model

25.

On the Welfare Costs of Misspecified Monetary Policy Objectives

Banque de France Working Paper No. 320
Number of pages: 33 Posted: 22 Feb 2011
Sanvi Avouyi-Dovi and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 34 (537,374)
Citation 21

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Welfare, Monetary policy objectives, DSGE model, Bayesian econometrics

26.

On the Size of the Government Spending Multiplier in the Euro Area

Banque de France Working Paper No. 537
Number of pages: 31 Posted: 14 Feb 2015
Patrick Fève and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE) and Banque de France
Downloads 33 (542,668)

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Government spending multiplier, DSGE models, Estimation bias, Euro area.

27.

Inflation Target Shocks and Monetary Policy Inertia in the Euro Area

Banque de France Working Paper No. 243
Number of pages: 34 Posted: 27 Jun 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 33 (542,668)
Citation 6

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Inflation Target Shocks, Gradualism, DSGE Models, Bayesian Econometrics

28.

Unconventional Monetary Policies: A Stock-Taking Exercise

Banque de France Working Paper No. 761
Number of pages: 36 Posted: 10 Apr 2020
Christian Pfister and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 30 (558,877)
Citation 1

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Unconventional Monetary Policie

29.

Revisiting the Money Demand Function in the Euro Area (in French)

Banque de France Working Paper No. 142
Number of pages: 35 Posted: 31 Oct 2010
Banque de France, affiliation not provided to SSRN, Banque de France, Banque de France, Banque de France and Banque de France
Downloads 30 (558,877)

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recent years, the dynamics of M3 in the euro area have been driven by two factors: a strong preference for liquidity, observed between 2001 and 2003, followed by a normalisation, at a relatively moderate pace, of portfolio behaviour; as regards the counterparts, changes in M3 and net external asset

30.

State-Dependent Risk Taking and the Transmission of Monetary Policy Shocks

Number of pages: 8 Posted: 23 Oct 2017
Patrick Fève, Pablo Garcia and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque Centrale du Luxembourg and Banque de France
Downloads 29 (564,628)
Citation 1

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Risk-Taking Channel, Monetary Policy, Boom-Bust Cycle

31.

Règles budgétaires strictes et stabilité macro–économique : le cas de la TVA sociale (Strict Fiscal Rules and Macroeconomic Stability: The Case of Social Vat)

Number of pages: 17 Posted: 07 Aug 2013
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 29 (564,628)

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Macroeconomic stability, Social VAT, Labor supply elasticity, Aggregate fluctuations

Minimum Distance Estimation and Testing of DSGE Models from Structural VARs

Banque de France Working Paper No. 245
Number of pages: 18 Posted: 27 Jun 2010
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 25 (606,915)
Citation 1

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MDE, SVAR, DSGE models

Minimum Distance Estimation and Testing of DSGE Models from Structural Vars

Oxford Bulletin of Economics and Statistics, Vol. 71, Issue 6, pp. 883-894, December 2009
Number of pages: 12 Posted: 20 Oct 2009
Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE), Banque de France and Banque de France
Downloads 3 (783,077)
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33.

In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area

Banque de France Working Paper No. 585
Number of pages: 63 Posted: 17 Mar 2016
Patrick Fève and Jean-Guillaume Sahuc
University of Toulouse 1 - Toulouse School of Economics (TSE) and Banque de France
Downloads 24 (595,961)
Citation 2

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Fiscal multipliers, hand-to-mouth, Edgeworth complementarity, DSGE-VAR, Euro area, Bayesian econometrics

34.

On the Sources of Macroeconomic Stability in the Euro Area.

Banque de France Working Paper No. 577
Number of pages: 42 Posted: 01 Dec 2015
Sanvi Avouyi-Dovi and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 21 (615,991)

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Macroeconomic volatility, quantity theory of money, monetary policy, DSGE model, euro area.

35.

Testing Heterogeneity within the Euro Area

Banque de France Working Paper No. 181
Number of pages: 17 Posted: 09 Oct 2010
Eric Jondeau and Jean-Guillaume Sahuc
University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Banque de France
Downloads 21 (615,991)
Citation 26

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Euro area, heterogeneity, Bayesian econometrics, multi-country model

36.

Welfare Implications of Heterogeneous Labor Markets in a Currency Area

Banque de France Working Paper No. 199
Number of pages: 42 Posted: 22 Sep 2010
Céline Poilly and Jean-Guillaume Sahuc
Banque de France and Banque de France
Downloads 15 (658,087)
Citation 31

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DSGE model, currency union, heterogeneity, matching frictions, welfare