Dr François LE GRAND

Qualifications

• PhD at Paris School of Economics/EHESS (2007)
• MSc in Economics at Paris School of Economics (2004)
• MSc in Economics and Statistics at ENSAE (2004)
• BSc at École Polytechnique (2004)

Work Experience

Academic

• Full professor, Finance & Accounting Academic Area, Rennes School of Business (2022 – Present)
• Associate researcher at the Chair of Integrative Risk Management and Economics (IRME) at ETH Zürich (Switzerland)
• Associate professor of Finance, emlyon business school, from 2014 to 2022
• Assistant professor of Finance, emlyon business school, from 2008 to 2014
• Visiting Scholar at Columbia University, New York City, USA. Sponsor: Prof. Bernard Salanié in 2008.

Non Academic

• Part-time at Barclays Capital (Paris) from 2004 to 2007.

Intellectual contributions

Refereed articles :

• Uncovering Asset Market Participation from Household Consumption and Income, Veronika Czellar, René Garcia, François Le Grand (2024) Journal of Econometrics

   

• Optimal policies with heterogeneous agents: Truncation and transitions, François Le Grand, Xavier Ragot (2023) Journal of Economic Dynamics and Control, Volume 156, November 2023, 104737
• Managing Inequality over Business Cycles: Optimal Policies with Heterogeneous Agents and Aggregate Shocks (with Xavier Ragot). International Economic Review, Vol. 63(1), February 2022, pp. 511-540.
• The Impact of Risk Aversion and Ambiguity Aversion on Annuity and Saving Choices (with Eric André and Antoine Bommier). Accepted in Journal of Risk and Uncertainty. July 2021. [abs] [bib]
• Sovereign Default and Liquidity: The Case for a World Safe Asset (with Xavier Ragot). Journal of International Economics, Vol. 131, July 2021, pp. 103462.
• Defaulting Firms and Systemic Risks in Financial Networks: A Normative Approach (with Nicolas Houy and Frédéric Jouneau-Sion). Economic Theory, Vol. 70, July 2020, pp. 503-526.
• Optimizing Treatment Combination for Lymphoma Using an Optimization Heuristic (with Nicolas Houy). Mathematical Biosciences, Vol. 315, September 2019, pp. 108227.
• Ambiguity and Endogenous Discounting? (with Antoine Bommier and Asen Kochov). Journal of Mathematical Economics, Vol. 83, August 2019, pp. 48-62.
• Personalized Oncology with Artificial Intelligence: The Case of Temozolomide (with Nicolas Houy). Artificial Intelligence in Medicine, Vol. 99, August 2019, pp. 101693.
• Perron-Frobenius Theory Recovers More Than What You Might Think: The Example of Limited Participation. Economics Letters, Vol. 174, January 2019, pp. 186-188.
• Risk Aversion and Precautionary Savings in Dynamic Settings (with Antoine Bommier). Fortran codes. Management Science, Vol. 65(3), March 2019, pp. 1386-1397.
• Optimizing Immune Cell Therapies with Artificial Intelligence (with Nicolas Houy). Journal of Theoretical Biology, Vol. 461, January 2019, pp. 34-40.
• Optimal Dynamic Regimens with Artificial Intelligence: The Case of Temozolomide (with Nicolas Houy). PLoS ONE, Vol. 13(6), June 2018, pp. e0199076.
• Administration of Temozolomide: Comparison of Conventional and Metronomic Chemotherapy Regimens (with Nicolas Houy). Journal of Theoretical Biology, Vol. 446, June 2018, pp. 71-78.
• A Class of Tractable Incomplete-Market Models for Studying Asset Returns and Risk Exposure (with Xavier Ragot). European Economic Review, Vol. 103, April 2018, pp. 39-59.
• On Monotone Recursive Preferences (with Antoine Bommier and Asen Kochov). Econometrica, Vol. 85(5), September 2017, pp. 1433-1466.
• Existence of Equilibria in Exhaustible Resource Markets with Economies of Scale and Inventories (with Antoine Bommier and Lucas Bretschger). Economic Theory, Vol. 63(3), March 2017, pp. 687-721.
• Incomplete Markets and Derivative Assets (with Xavier Ragot). Economic Theory, Vol. 62(3), August 2016, pp. 517-545.
• Too Risk Averse to Purchase Insurance? A Theoretical Glance at the Annuity Puzzle (with Antoine Bommier). Journal of Risk and Uncertainty, Vol. 48(2), April 2014, pp. 135-166.
• Incomplete Markets, Liquidation Risk and the Term Structure of Interest Rates (with Edouard Challe and Xavier Ragot). Technical Appendix. Journal of Economic Theory, Vol. 148(6), November 2013, pp. 2483-2519.
• Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors (with Antoine Bommier and Arnold Chassagnon). Journal of Economic Theory, Vol. 147(4), July 2012, pp. 1614-1641.

Presentations of Refereed Papers – International : 

• Recursive Preferences and the Value of Life: Theory and Application to Epidemics (with Antoine Bommier and Daniel Harenberg). 22nd SAET conference, Paris, France, 17-20 July 2023
• Redistribution and the wage-price dynamics: Optimal fiscal and monetary policy (with Xavier Ragot, and Thomas Bourany). NBER Summer Institute Micro Data and Macro Models, Boston, USA, July 17-21, 2023
• Should we Increase or Decrease Public Debt? Optimal Fiscal Policy with Heterogeneous Agents (with Xavier Ragot). Society for Economic Dynamics Annual Meeting, Carthagena, Columbia, June 29-July 1st 2023
• Redistribution and the wage-price dynamics: Optimal fiscal and monetary policy (with Xavier Ragot, and Thomas Bourany). French Economic Association Annual Congress, Paris, France, June 14-16, 2023.
• Redistribution and the wage-price dynamics: Optimal fiscal and monetary policy (with Xavier Ragot, and Thomas Bourany). Barcelona Summer Forum Workshop on Monetary Policy and Central Banking, Barcelona, Spain, June 12-13, 2023

Press articles

• The Covid-19 economic shock (“Le choc économique du Covid-19”), France Forum n° 78, October 2020.
• The Crit’air sticker (“La vignette Crit’air”), FigaroVox, July 2019.
• Artificial intelligence (AI) and medicine (“Intelligence artificielle et médecine”), with Nicolas Houy, La Revue Prescrire, May 2019.
• Artificial intelligence (AI) in medicine: current position and perspectives (“IA en médecine”), with Nicolas Houy, emlyon Knowledge, October 2018.
• Bitcoin III (“Bitcoin, un protocole ouvert”), with Nicolas Houy, France Forum n° 70, October 2018.
• Bitcoin II (“Bitcoin, bien plus qu’une monnaie”), with Nicolas Houy, CNRS Le Journal, 22 February 2018, reprinted in Libération, 22 February 2018.
• Bitcoin I (“Pourquoi les économistes ont tort de rejeter le bitcoin”), with Nicolas Houy, Le Monde, 6 December 2017.
• The French capital taxation (“Thomas Piketty et Philippe Aghion s’expriment-ils sur l’ISF à titre d’experts ou de militants ?”), with Nicolas Houy, LeMonde.fr, 25 October 2017.
• The French labor reforms (“Pourquoi les économistes s’écharpent sur la loi El Khomri”), with Nicolas Houy, Le Monde, 22 Mars 2016.
• The CDS market (“Le vrai problème des CDS”), Les ‘Echos, 6 April 2010.
• The Greek swap (“Les Grecs ont-ils manipulé la finance ?”), Telos-eu.com, 18 March 2010.
• The UK taxation of bonuses (“Taxation des bonus : un écran de fumée ?”), Telos-eu.com, 17 December 2009, reprinted in Le Temps, 23 December 2009.
• The French Grand Emprunt (“Emprunt : finalement ce sera 20 !”), Telos-eu.com, 25 November 2009.
• The French carbon tax (“Pour une taxe carbone plus efficace”), Les Échos, 31 August 2009.