Guillaume Horny

Banque de France

Research Economist

Paris

France

SCHOLARLY PAPERS

18

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1,599

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in Total Papers Citations

129

Scholarly Papers (18)

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1.

Measuring Financial Fragmentation in the Euro Area Corporate Bond Market

Banque de France Working Paper No. 582
Number of pages: 34 Posted: 05 Apr 2016
Guillaume Horny, Simone Manganelli and Benoît Mojon
Banque de France, European Central Bank (ECB) and Bank for International Settlements (BIS)
Downloads 205 (310,291)
Citation 25

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financial integration, credit risk, country premia, fragmentation index

2.

Bayesian Estimation of Cox Models with Non-Nested Random Effects: An Application to the Ratification of Ilo Conventions by Developing Countries

Downloads 180 (349,602)
Citation 2

Bayesian Estimation of Cox Models with Non-Nested Random Effects: An Application to the Ratification of Ilo Conventions by Developing Countries

ZEW - Centre for European Economic Research Discussion Paper No. 05-023
Number of pages: 26 Posted: 09 Aug 2005 Last Revised: 20 Aug 2008
Guillaume Horny, Bernhard Boockmann, Dragana Djurdjevic and Francois Laisney
Banque de France, ZEW – Leibniz Centre for European Economic Research, University of St. Gallen and ZEW – Leibniz Centre for European Economic Research
Downloads 92 (594,939)
Citation 2

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Gibbs sampling, partial likelihood, frailties, duration analysis

Bayesian Estimation of Cox Models with Non-Nested Random Effects: An Application to the Ratification of ILO Conventions by Developing Countries

Annales d’Economie et de Statistique, Forthcoming, Banque de France Working Paper No. 249
Number of pages: 35 Posted: 27 Jun 2010
Bernhard Boockmann, Dragana Djurdjevic, Guillaume Horny and Francois Laisney
ZEW – Leibniz Centre for European Economic Research, University of St. Gallen, Banque de France and ZEW – Leibniz Centre for European Economic Research
Downloads 52 (814,056)

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Gibbs sampling, partial likelihood, frailties, duration analysis

Bayesian Estimation of Cox Models with Non-Nested Random Effects: An Application to the Ratification of ILO Conventions by Developing Countries

Annales d’Economie et de Statistique, 2008, Issue 89, Banque de France Working Paper No. 249
Number of pages: 35 Posted: 22 Feb 2015
Guillaume Horny, Bernhard Boockmann, Dragana Djurdjevic and Francois Laisney
Banque de France, ZEW – Leibniz Centre for European Economic Research, University of St. Gallen and ZEW – Leibniz Centre for European Economic Research
Downloads 36 (952,463)

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Gibbs sampling, partial likelihood, frailties, duration analysis

3.

Corporate Finance and Economic Activity in the Euro Area: Structural Issues Report 2013

ECB Occasional Paper No. 151
Number of pages: 153 Posted: 09 Sep 2013
Diego Rodriguez-Palenzuela, Matthieu Darracq Paries, Giacomo Carboni, Annalisa Ferrando, Petra Köhler Ulbrich, Marie-Denise Zachary, Felix Geiger, Manuel Rupprecht, Manuel Rupprecht, Taavi Raudsaar, Fergal McCann, Vasileios Georgakopoulos, Carmen Martinez-Carrascal, Juan Carluccio, Guillaume Horny, Paolo Finaldi Russo, Demetris Kapatais, Ladislav Wintr, Elaine Caruana Briffa, Paul Metzemakers, Koen van der Veer, Walter Waschiczek, Maria Luísa Alcoforado Farinha, Uroš Herman, Alexander Karsay, Petri Mäki-Fränti, Francois Servant, Antonio De Socio, Fiorella De Fiore, Andreas Hertkorn, Michele Lenza, Giovanni Vitale and Branislav Karma
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), National Bank of Belgium, Deutsche Bundesbank, Deutsche BundesbankMünster University of Applied Sciences, Bank of Estonia, Central Bank of Ireland, Bank of Greece, Banco de España, Banque de France, Banque de France, Bank of Italy, Central Bank of Cyprus, Banque Centrale du Luxembourg, Central Bank of Malta, De Nederlandsche Bank, De Nederlandsche Bank, Oesterreichische Nationalbank (OeNB), Bank of Portugal, Aix-Marseille University - Aix-Marseille School of Economics, National Bank of Slovakia, Bank of Finland, Banque de France, Bank of Italy, Bank for International Settlements (BIS) - Monetary and Economic Department, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and National Bank of Slovakia
Downloads 158 (391,533)
Citation 6

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Corporate finance

4.

Lost in Negative Territory? Search for Yield!

Number of pages: 39 Posted: 20 Dec 2021 Last Revised: 02 Aug 2022
Mattia Girotti, Guillaume Horny and Jean-Guillaume Sahuc
Université Paris Dauphine - PSL, Banque de France and Banque de France
Downloads 112 (513,772)

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Negative interest rates, portfolio rebalancing, search for yield, term spreads, banks

5.

Investment Response to Monetary Policy in a Low Interest Rate Environment: Evidence from the ECB's Corporate QE

Number of pages: 24 Posted: 25 Oct 2021
Guillaume Horny and Supriya Kapoor
Banque de France and Trinity College Dublin
Downloads 103 (546,313)

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CSPP, bond issuances, monetary policy, credit risk, investment

6.

The Stability of Short-Term Interest Rates Pass-Through in the Euro Area During the Financial Market and Sovereign Debt Crises

Number of pages: 45 Posted: 25 Apr 2015
Sanvi Avouyi-Dovi, Guillaume Horny and Patrick Sevestre
Banque de France, Banque de France and Aix-Marseille University
Downloads 98 (565,327)
Citation 13

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bank interest rates, error-correction model, structural breaks, stochastic volatility, Bayesian econometrics

7.

What Has Been the Impact of the 2008 Crisis on Firms’ Default?

Banque de France Working Paper No. 463
Number of pages: 38 Posted: 03 Jan 2014
Denis Fougère, Denis Fougère, Cecile Golfier, Guillaume Horny and Elisabeth Kremp
National Center for Scientific Research (CNRS)CNRS and SCIENCES PO PARIS, Banque de France, Banque de France and National Bureau of Economic Research (NBER)
Downloads 90 (596,543)
Citation 1

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firms’ bankruptcy, economic crisis, survival, duration model

8.

Bank Market Value and Loan Supply

Number of pages: 37 Posted: 02 Mar 2020 Last Revised: 07 Dec 2023
Mattia Girotti and Guillaume Horny
Université Paris Dauphine - PSL and Banque de France
Downloads 86 (613,413)

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Banks, Market Value, Market Misvaluation, Loan Supply.

9.

Job Durations with Worker and Firm Specific Effects: MCMC Estimation with Longitudinal Employer-Employee Data

IZA Discussion Paper No. 3992
Number of pages: 30 Posted: 02 Mar 2009
Guillaume Horny, Rute Mendes and Gerard J. van den Berg
Banque de France, University of Turin and University of Groningen
Downloads 76 (658,199)

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job transitions, assortative matching, Gibbs sampling, frailties, dynamic models, matched employer-employee data

10.

Changes in Wage Inequality in France: The Impact of Composition Effects (in French)

Banque de France Working Paper No. 370
Number of pages: 40 Posted: 16 Mar 2012
Gregory Verdugo, Henri Fraisse and Guillaume Horny
Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Banque de France and Banque de France
Downloads 72 (677,852)

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Wage Inequality, France

11.

Dollar Funding and Firm-Level Exports

Banque de France Working Paper No. 666
Number of pages: 67 Posted: 08 Mar 2018
Antoine Berthou, Guillaume Horny and Jean-Stéphane Mésonnier
Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques, Banque de France and Banque de France
Downloads 69 (693,433)
Citation 6

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foreign currency borrowing, trade finance, firm-level exports, euro-area crisis

12.

Inference in Mixed Proportional Hazard Models with K Random Effects

Statistical Papers, Forthcoming
Number of pages: 29 Posted: 27 Jun 2010
Guillaume Horny
Banque de France
Downloads 63 (726,621)

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EM algorithm, penalized likelihood, partial likelihood, frailties

13.

Corporate Investment Response to an Easing in Bond Funding Cost

Downloads 54 (782,636)

Corporate Investment Response to an Easing in Bond Funding Cost

Number of pages: 36 Posted: 08 Feb 2024
Supriya Kapoor and Guillaume Horny
Trinity College (Dublin) and Banque de France
Downloads 40 (913,818)

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investment, bond issuance, monetary policy

Corporate Investment Response to an Easing in Bond Funding Cost

Number of pages: 45 Posted: 11 Oct 2024
Supriya Kapoor and Guillaume Horny
Trinity College (Dublin) and Banque de France
Downloads 14 (1,222,318)

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investment, bond issuance, monetary policy

14.

The Dynamics of Bank Loans Short-Term Interest Rates in the Euro Area: What Lessons Can We Draw from the Current Crisis?

Banque de France Working Paper No. 462
Number of pages: 23 Posted: 02 Jan 2014
Sanvi Avouyi-Dovi, Guillaume Horny and Patrick Sevestre
Banque de France, Banque de France and Aix-Marseille University
Downloads 50 (810,689)
Citation 17

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bank interest rates; diffusion model; stochastic volatility; Bayesian econometrics

15.

Capital Utilisation and Retirement

Number of pages: 23 Posted: 16 Sep 2011
Gilbert Cette, Guillaume Horny and Antoine Bonleu
Banque de France, Banque de France and affiliation not provided to SSRN
Downloads 48 (825,558)
Citation 4

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Capital, Capital measure, Capital retirement, Capital utilisation

16.

Identification of Lagged Duration Dependence in Multiple-Spell Competing Risks Models

Economics Letters, Vol. 106, No. 3, 2010
Number of pages: 12 Posted: 23 Jan 2015
Guillaume Horny and Matteo Picchio
Banque de France and Marche Polytechnic University - Department of Economic and Social Science
Downloads 46 (841,077)
Citation 28

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lagged duration dependence, competing risks, mixed proportional hazard models, identification

17.

Identification of Lagged Duration Dependence in Multiple-Spell Competing Risks Models

Number of pages: 12 Posted: 26 Jun 2010
Guillaume Horny and Matteo Picchio
Banque de France and Marche Polytechnic University - Department of Economic and Social Science
Downloads 46 (841,077)
Citation 6

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lagged duration dependence, competing risks, mixed proportional hazard models, identification

18.

Wage and Price Joint Dynamics at the Firm Level: An Empirical Analysis

Banque de France Working Paper No. 305
Number of pages: 42 Posted: 10 Dec 2010
Guillaume Horny and Patrick Sevestre
Banque de France and Aix-Marseille University
Downloads 43 (865,246)
Citation 21

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Wages, Price Stickiness, Dynamic Model, Factor Loadings