Macroeconomics

Fiscal policy, recessions, government spending, the Euro, news shocks, labor, inequalities etc...

The macroeconomics group at TSE brings together faculty and graduate students working in macroeconomics and international economics.The research of the group are published in leading general and field journals.

The faculty teaches undergraduate and graduate classes, where full sequences of core and field classes are offered.

Activities of the group

  • the weekly macro seminar, taking place on Tuesdays 17:00-18:30;
  • a weekly workshop where graduate students and faculty present early stage research;
  • a weekly reading group for graduate students;
  • conferences, either in Toulouse or in Paris, in the context of our partnership with the Banque de France and other institutions.

List of Faculty, PhD Students and other members

Adrien Amzallag

TSE PhD Student

Details

Tiziana Assenza

TSE Research Faculty

Associate Professor of Economics, TSE

Details

Sergi Barcons Llorach

TSE PhD Student

Supervisor: Fabrice Collard

Details

Charles Brendon

TSE Associate Faculty

El-Erian Fellow in Macroeconomics, Faculty of Economics and Queens’ College, Cambridge

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

Maria Frech

TSE PhD Student

Supervisor: Christian Hellwig

Details

Alexandre Gaillard

TSE Associate Faculty

Supervisor: Patrick Fève

Details

Eugenia Gonzalez-Aguado

TSE Research Faculty

Assistant Professor of Economics, TSE, On Leave

Details

Dogukan Guney

TSE PhD Student

Supervisors: Patrick Fève & Tiziana Assenza

Details

Christian Hellwig

TSE Research Faculty

Professor of Economics, TSE

Details

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List of articles, working papers

Louder than Rates: the Systematic Nature of Central Bank Communication

Fabrice Collard, Tiziana Assenza, Dogukan Guney, and Philipp Wangner

TSE Working Paper, vol. 26-1761,
Details
Download the publication pdf | 969.35 KB

The Long-Run Effects of Fiscal Rebalancing in a Heterogeneous-Agent Model

Christophe Cahn, Patrick Fève, and Julien Matheron

European Economic Review, vol. 184, n° 105243,
Details
Download the publication pdf | 1.14 MB

The Uncertainty Channel of Monetary Policy Communication

Dogukan Guney

TSE Working Paper, vol. 26-1771,
Details
Download the publication pdf | 1.27 MB

Dynamic Efficiency With Private Information

Bruno Biais, Hans Gersbach, Jean-Charles Rochet, and Stéphane Villeneuve

TSE Working Paper, vol. 26-1724,
Details
Download the publication pdf | 823.35 KB

Should we stop the COPs?

Renaud Bourlès, Jérémy Laurent-Lucchetti, and Jean-Charles Rochet

TSE Working Paper, vol. 26-1723,
Details
Download the publication pdf | 2.37 MB

Optimal Taxation under Imperfect Trust

Emin Ablyatifov, and Georgy Lukyanov

TSE Working Paper, vol. 26-1711,
Details
Download the publication pdf | 536.89 KB

Reputational Conservatism in Expert Advice

Georgy Lukyanov, and Anna Vlasova

TSE Working Paper, vol. 26-1715,
Details
Download the publication pdf | 465.34 KB

Peace Talk and Conflict Traps

Andrei Gyarmathy, and Georgy Lukyanov

TSE Working Paper, vol. 26-1712,
Details
Download the publication pdf | 574.09 KB

Public Persuasion with Endogenous Fact-Checking

Georgy Lukyanov, and Samuel Safaryan

TSE Working Paper, vol. 26-1714,
Details
Download the publication pdf | 572.11 KB

Public Communication in Regime Change games

Georgy Lukyanov, and Anastasia Makhmudova

TSE Working Paper, vol. 26-1713,
Details
Download the publication pdf | 501.96 KB

Using Consumption Data to Derive Top Optimal Income and Capital Tax Rates

Christian Hellwig, and Nicolas Werquin

Journal of Political Economy, 2026, forthcoming
Details

Monetary Policy and Endogenous Financial Crises

Fabrice Collard, Frédéric Boissay, Jordi Galì, and Cristina Manea

The Review of Economic Studies, 2026, forthcoming
Details
Download the publication pdf | 969.35 KB
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List of seminars of the group

To be announced

  • Seminar

  • Macroeconomics Seminar

  • Date 1 December 2026

  • Place Auditorium 4

  • Speaker or organiser Mishel Ghassibe (CREI, Barcelona)

Details

To be announced

  • Seminar

  • Macroeconomics Seminar

  • Date 3 November 2026

  • Place Auditorium 4

  • Speaker or organiser Silvia Miranda Agrippino (Oxford University)

Details

To be announced

  • Seminar

  • Macroeconomics Seminar

  • Date 13 October 2026

  • Place Auditorium 4

  • Speaker or organiser Basile Grassi (Bocconi University)

Details

Past

Monetary policy in the Euro Area, when Phillips curves ... are curves

  • Seminar

  • Macroeconomics Seminar

  • Date 2 June 2026

  • Place Auditorium 4

  • Speaker or organiser Guido Ascari

Details

Past

To be announced

  • Seminar

  • Macroeconomics Seminar

  • Date 19 May 2026

  • Place Auditorium 4

  • Speaker or organiser Christopher Clayton

Details

Past

Labor market polarization and inequality: A Roy model perspective

  • Seminar

  • Macroeconomics Seminar

  • Date 12 May 2026

  • Place Auditorium 4

  • Speaker or organiser Luisa Fuster

Details

Past

Inflation Expectations of Savers and Borrowers

  • Seminar

  • Macroeconomics Seminar

  • Date 5 May 2026

  • Place Auditorium 4

  • Speaker or organiser Francesca Monti

Details

Past

The Inflation Uncertainty Amplifier

  • Seminar

  • Macroeconomics Seminar

  • Date 14 April 2026

  • Place Auditorium 4

  • Speaker or organiser Efrem Castelnuovo

Details

Past

Hanksson

  • Seminar

  • Macroeconomics Seminar

  • Date 31 March 2026

  • Place Auditorium 4

  • Speaker or organiser Florin Bilbiie

Details

Past

Merger Policy for Platforms: AGrowthTheory Perspective

  • Seminar

  • Macroeconomics Seminar

  • Date 24 March 2026

  • Place Auditorium 4

  • Speaker or organiser Jane Olmstead-Rumsey

Details

Past

Creating Expectations: Propaganda and the Economic Recovery in Nazi Germany

  • Seminar

  • Macroeconomics Seminar

  • Date 17 March 2026

  • Place Auditorium 4

  • Speaker or organiser Stephanie Ettmeier

Details

Past

Structural Reinforcement Learning for Heterogeneous Agent Macroeconomics

  • Seminar

  • Macroeconomics Seminar

  • Date 10 March 2026

  • Place Auditorium 4

  • Speaker or organiser Benjamin Moll

Details

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Contact

Patrick Fève

Group leader

Tiziana Assenza

Group secretary

Conferences

Past

Transpyrenean Macro Workshop

  • Conference

  • Date From 14 to 15 March 2024

  • Place Principat d'Andorra

Details

Past

Transpyrenean Macro Workshop

  • Conference

  • Date From 23 to 24 March 2023

  • Place Principat d'Andorra

Details

Past

Transpyrenean Macro Workshop

  • Conference

  • Date From 3 to 4 March 2022

  • Place Principat d'Andorra

Details