Banque de France (BdF)
Laffer curve changes shape when government debt varies
The Laffer curve changes depending whether transfers or government debt are varied to balance the government budget constraint, Banque de France paper shows; curve looks like horizontal 'S' when debt varies
Expectations about future monetary policy important driver of inflation, paper finds
Financial market data can predict result of infrequent inflation expectation surveys; more frequent indicators could be useful for monetary policy-makers, paper suggests
Bank of England launches mobile app for ‘virtual tourists'
New Bank of England app gives a virtual tour inside the Old Lady of Threadneedle Street
Banque de France launches mobile app
Users can access key statistics, speeches, news and other information from the French central bank through their mobile phone
Governments must not ‘scapegoat' financial markets, says Noyer
The power the financial markets have over states is due to weak regulation and governments' over-reliance on them to finance sovereign deficits
Noyer gives green light to Banque de France job cuts
'Modernisation plan' will see thousands of jobs lost at Europe's largest central bank by head count; more investment will be made in technology, IT and training
French paper evaluates forecasting strategies
Working paper says a predictive model that combines information sets is capable of outperforming alternative models that combine forecasts; tests models on French GDP data
Weidmann hits out at 'austerity backlash'
Bundesbank president challenges Blanchard study, says no conflict between fiscal consolidation and growth; Banque de France governor Noyer throws weight behind European banking union
Central banks adopting social media at different paces, finds CBJ study
A new Central Banking journal study shows that institutions around the world are adopting very different approaches in their deployment of social media techniques
‘Belief-twisting' macro shocks can reverberate through generations, research finds
Banque de France researcher examines how households' expectations can take decades to recover after a macroeconomic shock
Banque de France devotes 17th Financial Stability Review to OTC regulation
Biggest players in international financial regulation contribute to French central bank's compendium of the latest thinking on OTC derivatives regulation
French paper warns of banks precipitating crises through hoarding
Research develops new ‘domino effect’ model, examining how banks may bring about crises by attempting to protect themselves
Depositors will trust EU guarantee despite Cyprus, says Banque de France official
Policy-makers have incentive to accelerate deposit guarantee plans, says Sylvie Matherat of the Banque de France
French paper quantifies cost of implicit bank insurance
Research examines the cost of implicit insurance given to systemically important financial institutions by EU countries; assesses costs in terms of increased taxes
Banque de France research proposes framework to address stress-test failings
Researchers use statistical tests for detection of outliers to characterise severity and duration of stressed periods; suggests length of shock depends on the initial variables
De Larosière slams US protectionism and EU Solvency II rules
Former IMF and Banque de France chief Jacques de Larosière says the introduction of a swathe of new regulations in Europe – by contrast to the US – may jeopardise the continent’s growth
Emerging markets exports most sensitive to FX changes, says French paper
Banque de France researchers find exports in emerging markets are relatively sensitive to exchange rate changes, while US imports are relatively impervious
French paper stands up for early-warning signals
Research finds the often-condemned early-warning signals can contribute practically to policy-making, when taken seriously
Banque de France puts cyber crime defences to the test
French central bank simulates attack on financial system to assess financial institutions’ defences; co-ordination crucial to successful response
French paper warns of forward guidance perils
Study published by Banque de France says efficient communication to an inattentive audience can only be achieved if supported by effective monetary policy
Banque de France paper tests policy interactions
Researchers examine optimal configurations of monetary and macro-prudential policy under different conditions; find monetary policy cannot affect financial stability in some cases
French research says monetary policy can offset herding
Banque de France working paper says interest rate hikes can be used to eliminate asset price bubbles caused by investor herding behaviour
Noyer trumpets Eurosystem response to crisis
Banque de France governor Christian Noyer believes the monetary policy adopted in the Eurosystem is a source of ‘immediate confidence and stability’
Tail risk evaluated in French paper’s new inflation measure
Study by Banque de France staff finds the expectations of extremely high and low inflation outcomes impacts actual levels