Banque de France
BDFPaper
FR-BDF model update: French tightening cuts GDP 2 pp, inflation 1.2 pp
The Banque de France has updated its core macroeconomic model, FR-BDF, to reflect recent economic shifts.
Focus
BDFPaper
Investor disputes pose climate transition risk for developing nations
A Banque de France study warns that investor-state dispute settlement (ISDS) mechanisms pose a significant financial risk, creating a 'regulatory chill' that hinders climate transition policies.
BDFPaper
US inflation and growth risks: Demand, supply, stagflation
A Banque de France study measures US inflation and growth risks from 1981 to 2024, disentangling demand and supply drivers.
Latest
BDFPaper
Villeroy de Galhau: Inflation controlled, warns on debt, digital euro
Banque de France Governor François Villeroy de Galhau reported that French inflation fell to 1.1 percent in February 2026, with euro area inflation reaching 1.9 percent.
BDFDecoder
Extreme weather risks: €196 billion losses for French finance
A Banque de France blog post estimates French financial institutions face €196 billion in losses from extreme weather events.
BDFPaper
Nonbank financial risks persist, FSB urges full reforms
The Financial Stability Board (FSB) published a progress report on July 9, 2025, detailing efforts to enhance nonbank financial intermediation (NBFI) resilience.
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BDFSpeech
Transatlantic partnership crucial amid global uncertainty
Banque de France Governor François Villeroy de Galhau emphasized the enduring importance of the transatlantic partnership amidst global uncertainty.
BDFPaper
Autocracies resist sanctions, wealth protects from economic bans
A Banque de France working paper finds that autocratic regimes display diverging resilience to international sanctions.
BDFPaper
France faces 7.4% GDP loss in NGFS climate scenarios
New short-term climate scenarios from the Network for Greening the Financial System (NGFS) indicate France could lose 7.4% of its GDP from severe weather events.
BDFPaper
US holds slight current account surplus with euro area
A Banque de France analysis reveals the United States has maintained a slight current account surplus with the euro area since 2022.
BDFData
French business activity grew in March; April outlook slows, GDP +0.3%
The Banque de France's monthly business survey indicates continued growth in French industry, services, and construction for March.
BDFPaper
Retail investors shape greenium, face macroeconomic headwinds
A Banque de France study finds that retail investors significantly influence the greenium in European green bond markets.