In this #WP#BdFeco with C. Couaillier we ask how households' debt burden affects the propagation of financial shocks.
Their origin matters: Housing shocks are amplified, wheras initially expansionary Credit shocks turn recessionary on the medium term.
https://t.co/mb5YVMJS1g
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One banking market for the euro area.
Capital and deposits truly European.
Simpler rules, same resilience.
That is the ambition the ECB Governing Council puts on the table today.
I am proud to have contributed to it, and to see my research cited. https://t.co/obnzFYqFVF
Thank you @ojblanchard1 and @MonnetEric and Christine Ockrent @franceculture . We could have kept going for hours! Geofinance and the position of Europe in this new environment have to be debated more. @cepr_org@LBS
"The Paris Olympics have been a pleasure to watch, but what has been particularly satisfying is what one isn’t seeing: Russia." [@WSJ]
Maalox a ettolitri per i cretinetti del E. coli nella Senna, le donne che tali non sarebbero, i letti scomodi ed altre stronzate assortite che solo una banda di sfigati servi del regime, che vorrebbe essere ma non sara', potevano cercare di diffondere.
#ParisOlympics2024
Hai notato anche tu? E' una cosa completamente demenziale e totalmente italiana. Banda di sfigati complessati e perdenti
Un successo enorme, spettacolo magnifico, stadi pieni da far impressione e questa banda di cretini che si proclamano "giornalisti" cercano continuamente di fare il gne gne.
FRUSTRATI!
A sentire i tg italiani pare che a Parigi ci sia un disastro e invece...
Ai giornalisti italianipiace davvero tanto dipingere un mondo immaginario dove fuori dall'Italia fa tutto schifo
On nous promettait l'enfer. Il fallait fuir Paris. On ne serait pas capable d'accueillir le monde. Les transports seraient bondés.
Au final, rien de tout ça.
Paris est dans une espèce de transe heureuse, sur un nuage d'émotions et de joie.
📢 We are hiring PhD students with experience in macro models. They will help our team in conducting policy analysis and research projects concerning the interaction btw Monet policy and Fin Stab. Please share the info with potential candidates 🇪🇺 https://t.co/jyFqffIKqv
There is still quite a lot to digest about yesterday's #ElezioniPolitiche2022 but it's a rainy Monday in Paris, so here's four main points on which @PietroCastelliG & I agree about the results. A🧵:
Dont une offre dans mon ancien service au sein de la Direction de la Stabilité Financière de la @banquedefrance.
Poste axé économétrie/marchés financiers, je recommande vivement 🙂
Stress tests and capital buffer calibration: so many questions remain open… in this blog with @CouaillierCyril we try to frame the discussion with the Risk to Buffer
Crossing the Rhine ➡️ Frankfurt am Main. After five amazing years in Banque de France (❤️🇫🇷), a new chapter begins. From tomorrow, for the next three years I’ll be working in the ECB Monetary Policy Research Division 🇪🇺 Looking forward to start!