{
  "title": "Damien Capelle",
  "sourceUrl": "https://www.imf.org/en/research/researcher-cv/author/capelle-damien",
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  "summary": "Damien Capelle is an Economist in the Research Department. He holds a Master from the Paris School of Economics and a Ph.D. from Princeton University. His research focuses on macro-financial linkages as well as on the role of higher education systems in shaping economic inequalities, growth and intergenerational mobility.",
  "authors": [
    "Damien Capelle"
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    {
      "heading": "Biography",
      "content": "Damien Capelle is an Economist in the Research Department. He holds a Master from the Paris School of Economics and a Ph.D. from Princeton University. His research focuses on macro-financial linkages as well as on the role of higher education systems in shaping economic inequalities, growth and intergenerational mobility."
    },
    {
      "heading": "Education",
      "content": "- Ph.D. in Economics, Princeton University, 2020\n\n- M.Sc. in Economics, Paris School of Economics, 2013\n\n- B.A. in Economics, E.N.S. Paris-Saclay, 2011"
    },
    {
      "heading": "Field of Expertise",
      "content": "- Poverty and Inequality\n\n- International Finance\n\n- Macro-Financial Issues\n\n- Public Finance"
    },
    {
      "heading": "IMF Books and Working Papers",
      "content": "- Barriers to a European Banking Union, Working Paper No. 2026/123 , June 12, 2026\n\n- Deeper and More Integrated Financial Markets to Foster Growth and Resilience in Europe, Staff Discussion Notes No. 2026/002 , June 10, 2026\n\n- Tax on Inflation Policy at the Zero Lower Bound, Working Paper No. 2026/059 , March 27, 2026\n\n- Taste-based Investing, Government Policies and Competition in Financial Intermediation, Working Paper No. 2026/019 , January 30, 2026\n\n- Financial Constraints and the Effectiveness of Green Financial Policies, Working Paper No. 2025/269 , December 19, 2025\n\n- Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation, Staff Discussion Notes No. 2025/003 , April 11, 2025\n\n- Optimal Interest Rate Tightening with Financial Fragility, Working Paper No. 2025/035 , January 31, 2025\n\n- Optimal Taxation of Inflation, Working Paper No. 2023/254 , December 8, 2023\n\n- Mitigating Climate Change at the Firm Level: Mind the Laggards, Working Paper No. 2023/242 , November 24, 2023\n\n- Monetary Finance: Do Not Touch, or Handle with Care?, Departmental Paper No 2022/001 , January 13, 2022\n\n- Competition vs. Stability: Oligopolistic Banking System with Run Risk, Working Paper No. 2021/102 , April 23, 2021"
    },
    {
      "heading": "Publications in Journals (Referred)",
      "content": "- On the inclusion of the Chinese renminbi in the SDR basket, International Economics, CEPII research center, 2014, issue 139, pages 133-151."
    }
  ],
  "bullets": [
    "Ph.D. in Economics, Princeton University, 2020",
    "M.Sc. in Economics, Paris School of Economics, 2013",
    "B.A. in Economics, E.N.S. Paris-Saclay, 2011",
    "Poverty and Inequality",
    "International Finance",
    "Macro-Financial Issues",
    "Public Finance",
    "[Barriers to a European Banking Union](https://www.imf.org/en/publications/wp/issues/2026/06/12/barriers-to-a-european-banking-union-576858), Working Paper No. 2026/123 , June 12, 2026",
    "[Deeper and More Integrated Financial Markets to Foster Growth and Resilience in Europe](https://www.imf.org/en/publications/staff-discussion-notes/issues/2026/06/09/deeper-and-more-integrated-financial-markets-to-foster-growth-and-resilience-in-europe-576494), Staff Discussion Notes No. 2026/002 , June 10, 2026",
    "[Tax on Inflation Policy at the Zero Lower Bound](https://www.imf.org/en/publications/wp/issues/2026/03/27/tax-on-inflation-policy-at-the-zero-lower-bound-575058), Working Paper No. 2026/059 , March 27, 2026",
    "[Taste-based Investing, Government Policies and Competition in Financial Intermediation](https://www.imf.org/en/publications/wp/issues/2026/01/30/taste-based-investing-government-policies-and-competition-in-financial-intermediation-573620), Working Paper No. 2026/019 , January 30, 2026",
    "[Financial Constraints and the Effectiveness of Green Financial Policies](https://www.imf.org/en/publications/wp/issues/2025/12/20/financial-constraints-and-the-effectiveness-of-green-financial-policies-572703), Working Paper No. 2025/269 , December 19, 2025",
    "[Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation](https://www.imf.org/en/publications/staff-discussion-notes/issues/2025/04/10/navigating-trade-offs-between-price-and-financial-stability-in-times-of-high-inflation-565220), Staff Discussion Notes No. 2025/003 , April 11, 2025",
    "[Optimal Interest Rate Tightening with Financial Fragility](https://www.imf.org/en/publications/wp/issues/2025/01/31/optimal-interest-rate-tightening-with-financial-fragility-561245), Working Paper No. 2025/035 , January 31, 2025",
    "[Optimal Taxation of Inflation](https://www.imf.org/en/publications/wp/issues/2023/12/08/optimal-taxation-of-inflation-542215), Working Paper No. 2023/254 , December 8, 2023",
    "[Mitigating Climate Change at the Firm Level: Mind the Laggards](https://www.imf.org/en/publications/wp/issues/2023/11/22/mitigating-climate-change-at-the-firm-level-mind-the-laggards-541713), Working Paper No. 2023/242 , November 24, 2023",
    "[Monetary Finance: Do Not Touch, or Handle with Care?](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2022/01/11/monetary-finance-do-not-touch-or-handle-with-care-464862), Departmental Paper No 2022/001 , January 13, 2022",
    "[Competition vs. Stability: Oligopolistic Banking System with Run Risk](https://www.imf.org/en/publications/wp/issues/2021/04/23/competition-vs-50277), Working Paper No. 2021/102 , April 23, 2021",
    "[On the inclusion of the Chinese renminbi in the SDR basket, International Economics, CEPII research center, 2014, issue 139, pages 133-151.](https://ideas.repec.org/a/cii/cepiie/2014-q3-139-7.html)",
    "**Damien Capelle**"
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