Nicolas Coeurdacier

Nicolas CŒURDACIER is Professor of Economics in the Department of Economics.

Nicolas CŒURDACIER holds a PhD in Economics from the Paris School of Economics and was Assistant Professor at the London Business School before joining Sciences Po in 2010. His main research interests are in macroeconomics, investigating international financial integration and capital flows, the economic consequences of demographic ageing, the dynamics of housing markets.

Nicolas Cœurdacier’s research has been widely consecrated, notably his work in international macroeconomics. He was awarded an ANR "Chaire d’Excellence" grant for a project on International Portfolios and Risk-Sharing (2010-13), an ERC Starting Grant for his project "Within and across countries Heterogeneity in International Finance (INFINHET)" (2014-18). He regularly publishes in international peer-reviewed journals such as American Economic Review, Journal of Monetary Economics, Journal of International Economics, Journal of Economic Theory. He is also CEPR Research Fellow, Associate Editor at the Journal of International Economics and former member of the Editorial Board of the Review of Economic Studies.

To learn more about Nicolas CŒURDACIER, consult his website

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• Taha Choukhmane, Nicolas Coeurdacier, Keyu Jin. The One-Child Policy and Household Saving. Journal of the European Economic Association, 2023, ⟨10.1093/jeea/jvad001⟩. ⟨hal-03915301⟩
• Zsofia Barany, Nicolas Coeurdacier, Stéphane Guibaud. Capital Flows in an Aging World. Journal of International Economics, In press, ⟨10.1016/j.jinteco.2022.103707⟩. ⟨hal-03803869⟩
• Nicolas Coeurdacier, Florian Oswald, Marc Teignier. Structural Change, Land Use and Urban Expansion. 2022. ⟨hal-03799549⟩
• Nicolas Coeurdacier, Florian Oswald, Marc Teignier. Structural Change, Land Use and Urban Expansion. 2021. ⟨hal-03812819⟩
• Nicolas Coeurdacier, Hélène Rey, Pablo Winant. Financial Integration and Growth in a Risky World. Journal of Monetary Economics, 2020, 112 (.), pp.1-21. ⟨10.1016/j.jmoneco.2019.01.022⟩. ⟨hal-03799686⟩
• Zsofia Barany, Nicolas Coeurdacier, Stéphane Guibaud. Capital Flows in an Aging World. 2018. ⟨hal-03393116⟩
• Nicolas Coeurdacier, Pierre-Olivier Gourinchas. When bonds matter: Home bias in goods and assets. Journal of Monetary Economics, 2016, 82, pp.119 - 137. ⟨10.1016/j.jmoneco.2016.07.005⟩. ⟨hal-03392947⟩
• Nicolas Coeurdacier, Stéphane Guibaud, Keyu Jin. Credit Constraints and Growth in a Global Economy. American Economic Review, 2015, 105 (9), pp.2838 - 2881. ⟨10.1257/aer.20130549⟩. ⟨hal-03392968⟩
• Zsofia Barany, Nicolas Coeurdacier, Stéphane Guibaud. Fertility, Longevity and International Capital Flows. 2015. ⟨hal-01164462⟩
• Nicolas Coeurdacier, Pierre-Olivier Gourinchas. When Bonds Matter: Home Bias in Goods and Assets. 2015. ⟨hal-03470191⟩
• Harjoat Bhamra, Nicolas Coeurdacier, Stéphane Guibaud. A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets. Journal of Economic Theory, 2014, 154, pp.490 - 542. ⟨10.1016/j.jet.2014.09.011⟩. ⟨hal-03393013⟩
• Nicolas Coeurdacier, Stéphane Guibaud, Keyu Jin. Fertility Policies and Social Security Reforms in China. IMF Economic Review, 2014, 62 (3), pp.371 - 408. ⟨10.1057/imfer.2014.19⟩. ⟨hal-03393018⟩
• Taha Choukhmane, Nicolas Coeurdacier, Keyu Jin. The One-Child Policy and Household Savings. 2014. ⟨hal-03460407⟩
• Nicolas Coeurdacier, Hélène Rey. Home Bias in Open Economy Financial Macroeconomics. Journal of Economic Literature, 2013, 51 (1), pp.63 - 115. ⟨10.1257/jel.51.1.63⟩. ⟨hal-03473901⟩
• Nicolas Coeurdacier. Theoretical Perspectives on Financial Globalization. Gerard Jr. Caprio. Handbook of Safeguarding Global Financial Stability - Volume 2, Elsevier B.V., pp.201 - 207, 2013, 9780123978752. ⟨hal-03394054⟩
• Nicolas Coeurdacier, Stéphane Guibaud, Keyu Jin. Credit Constraints and Growth in a Global Economy. 2012. ⟨hal-03473915⟩
• Nicolas Coeurdacier, Stéphane Guibaud. International portfolio diversification is better than you think. Journal of International Money and Finance, 2011, 30 (2), pp.289 - 308. ⟨10.1016/j.jimonfin.2010.10.003⟩. ⟨hal-03602483⟩
• Nicolas Coeurdacier, Hélène Rey, Pablo Winant. The risky steady state. 2011. ⟨hal-00972801⟩
• Nicolas Coeurdacier, Hélène Rey. Home bias in open economy financial macroeconomics. 2010. ⟨hal-01069440⟩
• Nicolas Coeurdacier. Comment on 'External performance in low income countries' (by L. Christiansen, A. Prati, L. A. Ricci, S. Tokarick, and T. Tressel). NBER International Seminar on Macroeconomics (ISOM) 2009 Conference, Jun 2009, Nicosia, Cyprus. pp.323-328. ⟨hal-01053625⟩
• Nicolas Coeurdacier, Robert Kollmann, Philippe Martin. International portfolios, capital accumulation and foreign assets dynamics. Journal of International Economics, 2010, 80 (1), pp.100-112. ⟨10.1016/j.jinteco.2009.05.006⟩. ⟨hal-01052901⟩
• Nicolas Coeurdacier. Theoretical perspectives on financial globalization: trade costs and equity home bias. 2009. ⟨hal-01063456⟩
• Nicolas Coeurdacier, Pierre-Olivier Gourinchas. When bonds matter: home bias in goods and assets. 2009. ⟨hal-03602482⟩
• Nicolas Coeurdacier, Philippe Martin. The geography of asset trade and the euro: insiders and outsiders. Journal of the Japanese and International Economies, 2009, 23 (2), pp.90 - 113. ⟨10.1016/j.jjie.2008.11.001⟩. ⟨hal-03602444⟩
• Nicolas Coeurdacier. Do trade costs in goods market lead to home bias in equities?. Journal of International Economics, 2009, 77 (1), pp.86 - 100. ⟨hal-03602479⟩
• Nicolas Coeurdacier, Robert Kollmann, Philippe Martin. International portfolios with supply, demand and redistributive shocks. NBER International Seminar on Macroeconomics (ISOM) conference, Jun 2007, Istanbul, Turkey. pp.231-263. ⟨hal-01053624⟩
• Nicolas Coeurdacier, Roberto A. de Santis, Antonin Aviat. Cross-border mergers and acquisitions and European integration. Economic Policy, 2009, 24 (57), pp.56-106. ⟨hal-01022660⟩
• Nicolas Coeurdacier, Stéphane Guibaud. A dynamic equilibrium of imperfectly integrated financial markets. 2008. ⟨hal-03602487⟩
• Nicolas Coeurdacier, Robert Kollmann, Philippe Martin. International Portfolios with Supply, Demand, and Redistributive Shocks. NBER International Seminar on Macroeconomics 2007, University of Chicago Press, pp.231-263, 2008. ⟨hal-00649209⟩
• Antonin Aviat, Nicolas Coeurdacier. The geography of trade in goods and asset holdings. Journal of International Economics, 2007, 71, pp.22-51. ⟨10.1016/j.jinteco.2006.02.002⟩. ⟨hal-01045223⟩
• Nicolas Coeurdacier, Stéphane Guibaud. A dynamic equilibrium model of imperfectly integrated financial markets. 2005. ⟨halshs-00590775⟩
• Nicolas Coeurdacier, Stéphane Guibaud. International equity holdings and stock returns correlations: Does diversification matter at all for portfolio choice?. 2005. ⟨halshs-00590777⟩