New: "The rise in foreign currency bonds: The role of US monetary policy and capital controls" by Philippe Bacchetta(Bacchetta Philippe), Rachel Cordonier and Ouarda Merrouche(Ouarda Merrouche). The paper studies bond issuance by firms in Emerging Markets (EM). doi.org/10.1016/j.jint… 1/2

Wanna do your PhD in Macroecnomics in a great location, with a good salary and with a strong and friendly group? Apply in HEC-Lausanne! linkedin.com/posts/activity…

Delighted to see this paper published! We have been arguing that portfolio frictions and gradual portfolio adjustment can explain many puzzles. This paper shows that international mutual funds portfolio allocation is consistent with these frictions.

✨ Meet the professors of the HEC Lausanne, Department of Economics! 🔍 Use the following link to discover their cutting-edge research projects and gain valuable insights into their areas of expertise: unil.ch/de/home/menuin… #HECLausanne #EconomicsDepartment #Research

🥳🥳🥳 and also this year a fantastic line-up of speakers for the Salento Macro Meeting !!! 💪💪💪 program: sites.google.com/site/francesco… Philippe Bacchetta kicks-off with "Exchange rate interventions with UIO and CIP deviations"

📢Academic job openings📢 Two tenure-track Assistant Professorships, in - Public Economics 👉unil-selectus.frentix.com/positiondetail… - Macroeconomics 👉unil-selectus.frentix.com/positiondetail… ...within an active and collegial department, at one of the nicest places on 🌍. HEC Lausanne | Department of Economics HEC Lausanne Université de Lausanne

New CEPR Discussion Paper - DP18469 Foreign Exchange Intervention with UIP and CIP Deviations: The Case of Small Safe Haven Economies Bacchetta Philippe HEC Lausanne Université de Lausanne @SFI_CH, Kenza Benhima HEC Lausanne Université de Lausanne, Brendan Berthold HEC Lausanne Université de Lausanne ow.ly/AElF50PPg44 #CEPR_IMF

📢Only two days left to apply to our two tenure-track positions in Macroeconomics and Public Economics. Come do research with us at HEC Lausanne | Department of Economics !

Developing a model to show how segmentation of US dollar funding markets since 2007 can explain covered interest parity deviations and an appreciation of the dollar at times of higher risk, from Bacchetta Philippe, J. Scott Davis, and Eric van Wincoop nber.org/papers/w31937

New CEPR Discussion Paper - DP18648 Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar Philippe Bacchetta Bacchetta Philippe HEC Lausanne Université de Lausanne @SFI_CH, J. Scott Davis Dallas Fed, Eric van Wincoop UVA UVA Economics ow.ly/kbwc50QkE1c #CEPR_IMF

The latest on Dallas Fed Economics takes a look at how arbitrage limits heighten dollar shortages abroad during volatile times. dallasfed.org/research/econo…

🌟 Don't miss out! Tomorrow marks the exceptional conference, "Towards an Equitable Future: #Economy, #Climate, and #Poverty" featuring #NobelLaureate Esther Duflo at HEC Lausanne 🌟open to the public🌟 registration required 👉Event details: bit.ly/4dbbkD6

Under limited coverage-interest parity (CIP) arbitrage the exchange rate and CIP deviation are jointly determined by an equilibrium in the FX spot and swap markets, from Bacchetta Philippe, J. Scott Davis, and Eric van Wincoop nber.org/papers/w32876

Call for Papers: CEPR IMF Programme Meeting – 16-17 October 2025; Lausanne, Switzerland - mailchi.mp/cepr/cepr-annu…

📢 Call for Papers – PhD Macroeconomics Conference (1/3) We invite PhD students/postdocs to submit work in macro (theoretical & empirical) for a 2-day conf. in Lausanne (Dec 4–5th, 2025) with 12 talks, meals & dinner included. 🔗 bit.ly/3EEXdJZ

🚨 We're thrilled to host the CEPR International Macroeconomics and Finance Programme Meeting 2025 at Université de Lausanne! Submit your work by 15 June — it’s shaping up to be an exciting event!🌟 #CEPR #Macroeconomics #InternationalFinance #HECLausanne #CallForPapers HEC Lausanne

A note on dollar swap lines and non-US global banks dallasfed.org/research/econo…

New at JIE: "The international transmission of asset market shocks in liquidity traps" by Philippe Bacchetta (Bacchetta Philippe), Kenza Benhima (Kenza Benhima), Yannick Kalantzis (Yannick Kalantzis), Maxime Phillot (Maxime Phillot) doi.org/10.1016/j.jint…

Bacchetta Philippe Kenza Benhima Yannick Kalantzis Maxime Phillot Monetary policy is key to shaping international spillovers of asset market shocks. Outside the ELB, foreign shocks — such as a drop in investment opportunities — can boost domestic growth. At the ELB, the same shocks lead to currency appreciation, disinflation, and even recession