Associate Professor, HEC Paris
(on leave, Banque de France)
Research Affiliate, CEPR
Macro Theory: Expectations and Learning
Money and the Credit Market
[New NBER version] Information helps individuals to deal with fluctuations (the good face), but it also increases market fluctuations (the bad face).
Under which conditions may the optimal pursuit of short-term fiscal objectives sustain long-term monetary stability?
Turning upside down NK logic: Inflation in posted prices stimulates consumers' search, making paid prices underreact to monetary shocks.
EESC HEC Paris
Department of Economics and Decision Sciences
1, rue de la Liberation
78350 Jouy en Josas FRANCE
Phone: +33 (0)1 3967 7395