To find some of my papers: (1) you can go to ideas.repec.org, or (2) go to ssrn.com.
Nobel economist James Tobin: “It’s better to build our scholarship around pressing real-world problems than simply to fill little gaps in the literature.”
My research is primarily in a field called Positive Political Economy. I use data science (R, GIS, econometrics) to study institutions, regulations and economic dynamics. More specifically, my region of interest is Europe. In fact, I study the European Union from an economic, political and financial integration perspective since its inception in 1993. Mainly, this means I study the internal integration process and challenges of Europe (ECB, SGP, European Banking Union, etc.) as well as the external challenges affecting Europe (2008 financial crisis, emerging countries, refugee crisis, etc.).
I started my research in open macroeconomics studying the link between macroeconomics and game theory (credibility models). I extended canonical credibility models to open economy. The use of game theory allowed me to introduce a political economy perspective. The goal was to have a framework to study the credibility of the new European Central Bank in the late 1990s.
This framework lead me to study the optimum currency area theory as well as the endogenous optimal currency area (e-OCA) literature. One of my papers is one of the first attempts to validate the e-OCA in the context of the European economic integration. The e-OCA literature is particularly interesting when it comes to studying the dynamics of regionalization. Then, I studied some other elements of this framework: the fiscal and structural policies as key elements of a regional integration, and in particular the question of policy coordination (i.e. the Stability and Growth Pact in Europe). In terms of methodology, I have used game theory, econometrics, DSGE models, and high-frequency and unstructured data (social media). I am an avid user of R. Another key element for a regional integration is financial integration. It is also related to the e-OCA theory as an important tool for integration. FDI from multinational enterprises and financial regulations for the banking sector are then very relevant.
From studying international and European financial regulations, I got interested obviously in the 2008 financial crisis. At the crossroad of finance and financial regulations lays the concept of systemic risk. Interestingly enough, traditional modern portfolio theory defines systematic and specific risks out of CAPM. In one of my papers, I augment the MPT theoretical framework by introducing asset price inflation (assumed to be one of the key elements in the 2008 financial crisis) and as a result I can add a third definition of risk: systemic risk. As a consequence, the new model justifies and calls for better financial regulations.
On a different note, I am also interested in Industrial Organization, mostly thanks to my teaching in a Business School and from my interest in game theory. I like writing case studies of firms that I have visited in several countries across the world. It helps me understand the dynamics of globalization and regionalization.
Keywords: regional integration, convergence, integration, financial integration, policy coordination, globalization, regionalization