Olivier Loisel’s website Research papers
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Recent unpublished papers

New Principles For Stabilization Policy
Manuscript, February 2023
[Longer version (CREST Working Paper No. 2022-16)]

A Model of Post-2008 Monetary Policy
Manuscript, March 2023 (with B. Diba)
[Presentation slides]

Stabilization Policy and Lags
Manuscript, March 2023
[Previous version entitled "Stabilization Policy, Lags, and Determinacy" (May 2021)]

Monetary Policy and Herd Behavior: Leaning Against Bubbles
Manuscript, July 2012 (with A. Pommeret and F. Portier)


Published papers

The Implementation of Stabilization Policy
Theoretical Economics, May 2021, Vol. 16, No. 2, pp. 677-716

Pegging the Interest Rate on Bank Reserves: A Resolution of New Keynesian Puzzles and Paradoxes
Journal of Monetary Economics, March 2021, Vol. 118, pp. 230-244 (with B. Diba)

Optimal Monetary and Prudential Policies
American Economic Journal: Macroeconomics, January 2017, Vol. 9, No. 1, pp. 40-87 (with F. Collard, H. Dellas, and B. Diba)

Liquidity Shocks, Equity-Market Frictions, and Optimal Policy
Macroeconomic Dynamics, September 2015, Vol. 19, No. 6, pp. 1195-1219 (with H. Dellas and B. Diba)

Discussion of “Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area”
International Journal of Central Banking, June 2014, Vol. 10, No. 2, pp. 237-247

To Be or Not To Be in Monetary Union: A Synthesis
Journal of International Economics, March 2011, Vol. 83, No. 2, pp. 154-167 (with L. Clerc and H. Dellas)

Bubble-Free Policy Feedback Rules
Journal of Economic Theory, July 2009, Vol. 144, No. 4, pp. 1521-1559

Central Bank Reputation in a Forward-Looking Model
Journal of Economic Dynamics and Control, November 2008, Vol. 32, No. 11, pp. 3718-3742

Endogenously Asymmetric Demand Shocks in a Monetary Union
Journal of Economic Integration, December 2005, Vol. 20, No. 4, pp. 746-770

Why Was the Euro Weak? Markets and Policies
European Economic Review, Papers and Proceedings, May 2001, Vol. 45, No. 4-6, pp. 988-994 (with D. Cohen)

Coordination, Cooperation, Contagion and Currency Crises
Journal of International Economics, April 2001, Vol. 53, No. 2, pp. 399-419 (with P. Martin)

Les effets de la coordination et de la coopération internationales sur le déclenchement des crises de change spéculatives
Revue Économique, March 2001, Vol. 52, No. 2, pp. 233-248 (with P. Martin)


Old unpublished paper

Testing the Augmented Solow Growth Model: An Empirical Reassessment Using Panel Data
INSEE Working Paper No. G2001/05, April 2001 (with C. Audenis, P. Biscourp, and N. Fourcade)