Fonction actuelle

Adjoint du Directeur de la Direction des Etudes Monétaires et Financières et chercheur en macroéconomie et politique monétaire

Fonctions antérieures

• Economiste chercheur à la Banque d’Angleterre (1998 – 2010)
• Economiste au Trésor Australien (1993-1997)

Diplômes

• École d'économie de Paris - Doctorant en Economie 
• École d’Économie de Londres – MSc Economie
• Université Nationale d’Australie – BA
• Macquarie Université - BEc 

Thèmes de recherche

Macroéconomie et politique monétaire

Contact

• adrian.penalver@banque-france.fr
• Banque de France, 41-1422 – DGEI - POMONE 75049 Paris Cedex 01, France

Publications académiques

Articles

• Odendahl, Florens & Pagliari, Maria Sole & Penalver, Adrian & Rossi, Barbara & Sestieri, Giulia, 2024. "Euro area monetary policy effects. Does the shape of the yield curve matter?," Journal of Monetary Economics, Elsevier, vol. 147(S)
• Adrian Penalver & Daniele Siena, 2024. "The Deflationary Bias of the ZLB and the FED’s Strategic Response," Journal of Money, Credit and Banking, vol 56(1)
• Stephane Dupraz & Sophie Guilloux-Nefussi & Adrian Penalver, 2023. "A Pitfall of Cautiousness in Monetary Policy∗," International Journal of Central Banking, International Journal of Central Banking, vol. 19(3), pages 269-323, August.
• Penalver, Adrian & Hanaki, Nobuyuki & Akiyama, Eizo & Funaki, Yukihiko & Ishikawa, Ryuichiro, 2020. "A quantitative easing experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 119(C).
• Haldane, Andrew G. & Penalver, Adrian & Saporta, Victoria & Shin, Hyun Song, 2005. "Analytics of sovereign debt restructuring," Journal of International Economics, Elsevier, vol. 65(2), pages 315-333, March.

Autres 

• Monetary policy after the fallC Bean, M Paustian, A Penalver, T Taylor Macroeconomic Challenges: The Decade Ahead, 26-28, Jackson Hole 2010
• The natural rate of interest: estimates, drivers, and challenges to monetary policy C Brand, M Bielecki, A Penalver ECB Occasional Paper
• Financial innovation: what have we learnt? N Jenkinson, A Penalver, N Vause Bank of England Quarterly Bulletin, Q3,  2008
• Whither the credit ratings industry? P Deb, MJ Manning, G Murphy, A Penalver, A Toth Bank of England Financial Stability Paper
• Fiscal rules for debt sustainability in emerging markets: the impact of volatility and default risk A Penalver, G Thwaites Bank of England Working Paper
• How can the IMF catalyse private capital flows? A model A Penalver Bank of England Working Paper
• Assessing sovereign debt under uncertainty G Ferrucci, A Penalver Financial Stability Review 15 (1), 91-99
• Optimal collective action clause thresholds A Haldane, A Penalver, V Saporta, HS Shin Bank of England Working Paper
• Clear, consistent and engaging: ECB monetary policy communication in a changing world K Assenmacher, G Glöckler, S Holton, P Trautmann, D Ioannou, S Mee, ...
• Innovation and integration in financial markets and the implications for financial stability R Hamilton, N Jenkinson, A Penalver The Structure and Resilience of the Financial System, Proceedings of a …
• The effect of payments standstills on yields and the maturity structure of international debt B Martin, A Penalver Bank of England Working Paper
• How can the IMF catalyse private capital flows? A Penalver Bank of England