A5059966009- International Business and FDI
- Global trade and economics
- Monetary Policy and Economic Impact
- Global Financial Crisis and Policies
- Firm Innovation and Growth
- Fiscal Policy and Economic Growth
- Fiscal Policies and Political Economy
- Taxation and Compliance Studies
- Market Dynamics and Volatility
- Energy, Environment, and Transportation Policies
- Corporate Taxation and Avoidance
- Banking stability, regulation, efficiency
- Regional Development and Policy
- Housing Market and Economics
- Economic Growth and Productivity
- Climate Change Policy and Economics
- Gender, Labor, and Family Dynamics
- Economic Theory and Policy
- State Capitalism and Financial Governance
- Social Sciences and Governance
- Global Trade and Competitiveness
- Environmental Impact and Sustainability
- Economic Policies and Impacts
- Energy Load and Power Forecasting
- French Urban and Social Studies
Institut National de la Statistique et des Etudes Economiques
2013-2024
Banque de France
2017-2022
National Bureau of Economic Research
2017-2021
Collège de France
2017-2021
University of Chicago
2017
Harvard University Press
2017
Centre de Recherche en Économie et Statistique
2013
This paper investigates the effect of export shocks on innovation. On one hand a positive shock increases market size and therefore innovation incentives for all firms. other it competition as more firms enter market. in turn reduces profits particularly with low productivity. Overall impact is magnified high productivity firms, whereas may negatively affect We test this prediction patent, customs production data covering French manufacturing To address potential endogeneity issues, we...
Abstract We analyze how demand conditions faced by a firm in its export markets affect innovation decisions. exploit exogenous firm-level shocks and find that firms respond patenting more; furthermore this response is driven the subset of initially more productive firms. The patent arises 2 to 5 years after shock, highlighting time required innovate. In contrast, shock raises contemporaneous sales employment for all regardless their productivity. This skewed common naturally from model...
We analyze how demand conditions faced by a firm in its export markets impact innovation decisions. To disentangle the direction of causality between and innovation, we construct firm-level shock which responds to aggregate firm's export destinations but is exogenous decisions. Using exhaustive data covering French manufacturing sector, we show that French firms respond growth shocks their patenting more; this response entirely driven subset initially more productive firms. The patent...
We decompose the “China shock” into two components that induce different adjustments for firms exposed to Chinese exports: an output shock affecting selling goods compete with similar imported goods, and input supply using inputs goods. Combining French accounting, customs, patent information at firm level, we show is detrimental firms’ sales, employment, innovation. Moreover, this negative impact concentrated in low-productivity firms. On other hand, of reversed. (JEL D22, D24, F14, J23,...
We study how strongly individuals respond to tax simplicity and they learn about the complexities of system.We focus on self-employed, who can more easily adjust incentives whose responses directly stem from their own understanding use new French returns data 1994 2012.France serves as a good quasi-laboratory: it has three fiscal regimes -or modes taxation -for which differ in monetary simplicity.Two key features are that, first, these subject eligibility thresholds; we find large excess...
We study how strongly individuals respond to tax simplicity and they learn about the complexities of system. use new French returns data on self-employed from 1994 2012. France has three fiscal regimes for self-employed, which differ in their monetary incentives simplicity. These are subject eligibility thresholds: we find large excess masses (bunching) right below latter. The impact different agents heterogeneously have changed extensively over time. estimate a value up 650 euros per year...
This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings large medium-term cycles credit volumes prices. GDP appears be subject fluctuations at both business-cycle frequencies, frequencies are strongly correlated with Cycles equity prices long-term interest rates considerably shorter than those have little common latter. Credit...
AbstractPublic debt is considered sustainable if discounted net repayments are expected to cover the initial issuance, i.e. government's inter-temporal budget constraint hold. With risk-averse lenders and an uncertain economic environment, Bohn (1995) stresses that this relies on a stochastic discount factor which depends lenders' preferences. To get round difficulty related specification of private agents' preferences in empirical analysis, (1998) suggests estimate fiscal reaction functions...
We decompose the “China shock” into two components that induce different adjustments for firms exposed to Chinese exports: an output shock affecting selling goods compete with similar imported goods, and input supply using inputs goods. Combining French accounting, customs, patent information at firm-level, we show is detrimental firms' sales, employment, innovation. Moreover, this negative impact concentrated on low-productivity firms. By contrast, find a positive effect - although often...
This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings large medium-term cycles credit volumes prices. GDP appears be subject fluctuations at both business-cycle frequencies, frequencies are strongly correlated with Cycles equity prices long-term interest rates considerably shorter than those have little common latter. Credit...
We decompose the “China shock” into two components that induce different adjustments for firms exposed to Chinese exports: a horizontal shock affecting selling goods compete with similar imported goods, and vertical using inputs goods. Combining French accounting, customs, patent information at firm-level, we show is detrimental firms’ sales, employment, innovation. Moreover, this negative impact concentrated on low-productivity firms. By contrast, find positive effect - although often not...
This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings large medium-term cycles credit volumes prices. GDP appears be subject fluctuations at both business-cycle frequencies, frequencies are strongly correlated with Cycles equity prices long-term interest rates considerably shorter than those have little common latter. Credit...