## DAMIEN CAPELLE

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### Position at the International Monetary Fund
- Sept 2020-Present: Macro-Financial Division, Research Department (Economist Program)
  - Headed econometric analysis for the departmental paper “Monetary Finance: Do Not Touch or Handle with Care”
  - Produced independent and collaborative research on green finance
  - Reviewed IMF working papers on macro-financial issues
- Contact and affiliation details:
  - International Monetary Fund, 700 19th Street NW, Washington, DC 20431
  - dcapelle[at]imf.org
  - damiencapelle.com

### Research fields and education
- Research fields:
  - Macroeconomics, Public Economics, Macro-Finance, International Finance
- Education:
  - 2014-2020 Ph.D. Economics, Princeton University
    - Advisors: N. Kiyotaki and O. Itskhoki, R. Rogerson and R. Bénabou
  - 2010-2014 M.A. in Economics, Paris School of Economics
  - B.A. in Economics, University Paris I-Panthéon Sorbonne
  - B.A. in Sociology, University Paris IV-Panthéon Sorbonne
  - Ecole Normale Supérieure Paris-Saclay

### Research papers (selected)
- “The Great Gatsby goes to College: Tuition, Inequality and Intergenerational Mobility in the U.S.” [submitted]
- “Competition vs. Stability: Oligopolistic Banking System with Run Risk” [submitted]
- “Green Finance and the Market Structure of Financial Intermediation”
- “Financial Globalization: Winners and Losers” with Bruno Pellegrino (University of Maryland)
- “University Research and the Market for Higher Education” with Titan Alon (UCSD) and Kazu Matsuda (University of Kobe)
- “Forty Years of Inequality and State Subsidies across U.S. Colleges”
- “The Geographic Divergence of College Attainment: The Role of Colleges and Skill-Biased Technical Change” with Charly Porcher (Georgetown University) and Hannah Rubinton (St Louis Fed)

### Policy papers
- “Monetary Finance: Do Not Touch or Handle with Care?” with Itai Agur, Giovanni Dell’Ariccia and Damiano Sandri, 2021
- “Job Tenure: Labor Market Policies, Globalization and the Growing Intergenerational Divide” (with Maurizio Bussolo and Hernan Winkler)
- “On the inclusion of the Chinese renminbi in the SDR basket” with Agnès Bénassy-Quéré, International Economics, 2014

### Work in progress
- “Monopsony Power in Local Labor Market” with Adrien Bilal (Harvard University) and Charly Porcher (Georgetown University)
- “Charitable Contributions, Endowments and Inequality in Higher Education”
- “Optimal Competition and Dividend Tax Policies with Oligopolistic Banks subject to Capital Constraints”

### Presentations and seminars (selected)
- 2021: St Louis Fed, Philadelphia Fed, IMF Macro-Financial Research conference, Second World Inequality Conference, Georgetown University, Urban Economic Association, UC-San Diego, Kobe University, Econometric Society Winter Meetings
- 2020: Toulouse School of Economics, University of Western Ontario, Simon Fraser University, University of Mannheim, NBER SI Macro-Public-Finance, Minnesota Fed, Princeton University’s Graduate Seminar
- 2018: Young Economists Symposium Conference (NYU), Equal Chances Conference (Bari, Italy), Princeton University’s Graduate Seminar, World Bank
- 2017: Princeton University’s Graduate Seminar, Day of Action (Princeton Univ.)

### Professional experience
- 2017-2019: Consultant to the World Bank for the report “Toward a New Social Contract”
- 2017-2019: Research Assistant for Marc Fleurbaey, Princeton University
- 2015-2016: Research Assistant for “Monetary Policy According to HANK,” G. Kaplan et al., American Economic Review, 2018
- Feb-Jun 2013: Research Assistant, “A Dynamic Model of Sovereign Debt Crisis with Global Games” with D. Cohen (Paris School of Economics), Paris
- Jul-Dec 2013: Research Assistant, “Financial and Political Crises in the Eurozone”, with M. Bussière (Banque de France) and R. Chang (Rutgers University), Paris
- May-Aug 2012: Intern at the International Policy Division, European Central Bank, Frankfurt
- May-Aug 2011: Research Assistant for A. Bénassy-Quéré, CEPII, Paris

### Referee activities
- Journal of Political Economy
- Journal of International Money and Finance
- Journal of Public Economics

### Teaching experience
- 2016-20: T.A. in Advanced Macroeconomics, Woodrow Wilson School, Princeton Univ. (Graduate)
  - With Prof. R. Bénabou (2016-2017, 2020) and Prof. G. Jarosch (2017-2019)
- 2013-14: Lecturer in Mathematics for Economics, University Paris-Sciences-Lettres
- 2012-14: T.A. in International Economics, University Paris-I Panthéon-Sorbonne (Graduate)

### Personal and other activities
- Citizenship: French
- Languages: French (native), English (fluent), German (good)
- Activities: Piano, vocal ensemble, choral conducting

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_Source: https://www.imf.org/-/media/files/cv/pdfs/damien-capelle.pdf_