Chair or Research Initiative

Research initiative on macroprudential regulation and monetary innovations

Supported by the Central Bank of Luxembourg, this initiative aims to analyze issues related to financial stability, monetary policy, and the evolution of payment systems in the era of digital currencies.

Partner since 2015

Logo Banque Centrale du Luxembourg

Partners since 2015, the Central Bank of Luxembourg (BCL) and TSE share the ambition of contributing to a better understanding of issues related to monetary policy, financial stability, and the transformation of payment systems. This collaboration is built on innovative economic research and fosters synergies between BCL teams and TSE researchers on topics at the forefront of monetary and financial developments. 

Activities 

This initiative combines several forms of collaboration: 

  • Research projects on topics of common interest,
  • Organization of academic conferences, workshops, and research seminars,
  • Mentoring activities and brainstorming sessions,
  • Dissemination of research findings to businesses, public decision-makers, and the general public. 

Priority research areas

  • Macro-prudential policy
  • Virtual currency, electronic money, central bank digital currency 

About the Central Bank of Luxembourg

The Central Bank of Luxembourg (BCL) is Luxembourg’s monetary authority and a member of both the Eurosystem and the European System of Central Banks. Its main responsibilities include defining and implementing monetary policy, conducting foreign exchange operations, holding and managing the official foreign exchange reserves of Member States, and promoting the smooth operation of payment systems. 

Learn more about our partner

All publications

Measuring business cycles using vars

Patrick Fève, and Alban Moura

TSE Working Paper, vol. 25-1673,

Frictionless house-price momentum

Patrick Fève, and Alban Moura

Journal of Economic Dynamics and Control, vol. 168, n° 105000,

Frictionless house-price momentum

Patrick Fève, and Alban Moura

TSE Working Paper, vol. 23-1488,

The Fall in Shadow Banking and the Slow U.S. Recovery

Patrick Fève, Alban Moura, and Olivier Pierrard

Journal of Economic Dynamics and Control, vol. 139, n° 104404,

Costly Default and Skewed Business Cycle

Patrick Fève, Pablo Garcia Sanchez, Alban Moura, and Olivier Pierrard

European Economic Review, vol. 132,

Costly default and asymetric real business cycles

Patrick Fève, Pablo Garcia Sanchez, Alban Moura, and Olivier Pierrard

TSE Working Paper, vol. 19-1048,

Financial Regulation and Shadow Banking

Patrick Fève, Alban Moura, and Olivier Pierrard

Journal of Economic Dynamics and Control, vol. 101, , pp. 130-144

Predetermined Interest Rates in a Analytical RBC model

Patrick Fève, Alban Moura, and Olivier Pierrard

Economics Letters, vol. 172, , pp. 12-15

Predetermined Interest Rates in a Analytical RBC model

Patrick Fève, Alban Moura, and Olivier Pierrard

TSE Working Paper, vol. 18-954,

Financial Regulation and Shadow Banking

Patrick Fève, Alban Moura, and Olivier Pierrard

TSE Working Paper, vol. 17-829, ,

The effects of government spending endogeneity on estimated multipliers in the US

Alban Moura

TSE Working Paper, vol. 15-610,

Reexamining the cyclical behavior of the relative price of investment

Paul Beaudry, Alban Moura, and Franck Portier

Economics Letters, vol. 135, , pp. 108-111

Evénements

Past

2nd Sustainable Finance Center Conference

  • Conference

  • Date From 2 to 3 December 2021

  • Place Online

Détails

Experts

Tiziana Assenza

TSE Research Faculty

Associate Professor of Economics, TSE

Details

Fabrice Collard

TSE Research Faculty

Director of the Doctoral School, Senior Researcher, CNRS

Details

Martial Dupaigne

TSE Research Faculty

Professor of Economics, University of Montpellier 3

Details

Patrick Fève

TSE Research Faculty

Professor of Economics, TSE

Details

René Garcia

TSE Associate Faculty

Professor, University of Montreal, Canada

Details

Eugenia Gonzalez-Aguado

TSE Research Faculty

Assistant Professor of Economics, TSE, On Leave

Details

Christian Hellwig

TSE Research Faculty

Professor of Economics, TSE

Details

Jean-Charles Rochet

TSE Research Faculty

Professor of Economics, TSE

Details

Emmanuel Thibault

TSE Research Faculty

Professor of Economics, University of Perpignan

Details

Jean Tirole

TSE Research Faculty

TSE & IAST Honorary Chairman

Details

Contact

Patrick Fève

Scientific director

Eve Séjalon

Head of Research Partnerships and Centers

Pascale Maréchal

Research Partnerships Project Manager