Former guest lecturer at Harvard, former lecturer at SciencesPo, Polytechnique, and Dauphine, PhD, former economist at the European Central Bank, researcher at the European Investment Bank, Finance pr

Julien's CV

Julien Brault, PhD

Policy and finance analyst and economist with international public and private experience in international relations, economic policy, finance, and research, notably at the European Central Bank, the European Investment Bank, SciencesPo, Harvard, and the European Investment Fund.

Skills

Expertise in Economic Policy, International Finance, International Relations :

· International Finance and Trade :
· Capital Controls : Foreign exchange controls, Role of international currencies, Foreign exchange reserves
· Trade : Trade integration and restrictions, Political economy of protectionism
· Development : Impact of development aid

· Finance and Innovation :
· Corporate financing and productivity : the Debt/Investment nexus
· SME finance : Evaluation of public guarantees to SMEs
· Investment banking : Evaluation of private equity and venture capital investment funds profitability

· Inequalities :
· Income inequalities : Modelling of the links between income inequality, taxation, and monetary shocks
· Role of rent seeking mechanisms in development policies

· Environment, Energy, Transports :
· Environment : Role of gender inequalities in environment policies
· Energy : Oil industry development, Oil rent management, International oil policies
· Transports : Role of transport infrastructure in regional development

Quantitative Skills :

- Applied experience in various econometric techniques (time series, panel data, DEA, propensity score analysis, dif and dif, GMM, VAR…)

– Very good knowlege : Stata (used for PhD, ECB, EIB)

– Good knowledge : Tableau

– Databases : Good knowledge : Eurostat, Ameco, Orbis, Amadeus, historical databases. Intermediate knowledge : Bloomberg, Datastream, BACH, CompNet, Bankscope, FAME.

Experience in Policy and International Affairs : research at the ECB, EIB, EIF, SciencesPo, the Graduate Institute of International Studies, Harvard, collaboration with Berkeley researchers. Bilingual English-French, fluent German.

Publication and Communication : collaboration to a working paper for the ECB, three working papers for the EIB, a report of the European Court of Auditors, four papers published in top journals, mastering of Latex and Endnote, participation to numerous conferences, numerous given classes at universities, research tutor in economics, French national qualification for university lectureship.

Experience

August 2017 – current : Research Officer – European Investment Bank Group – European Investment Fund – General Secretariat - Research Division - Luxembourg
· Activities :
o Evaluation of the efficiency of the European Union’s policy of credit guarantees to SMEs from 1995 to 2015. Representing 200 b. € of leveraged loans. Project financed by the European Commission, destined to the European Court of Auditors, implemented by the EIF, in collaboration with Massimo Colombo (Polytecnico Milan), Simone Signore (EIF), Fabio Bertoni (EMLyon) and Anita Quas (EMLyon).
o Assessment of the equity investment strategy of the European Investment Fund across countries, asset classes, vehicles and payment structures. Benchmarking against major development institutions and private and public investment funds, in collaboration with Alexander Ljungqvist and Vincent Maurin (Stockholm School of Economics)
· Research :
o Corporate financing in Europe. Credit guarantees. Current EIF/EC Working Papers :
§ “Econometric Study on the Impact of EU Loan Guarantee Financial Instruments on Growth and Jobs of SMEs” (scheduled for January 2019)
§ “A Pan-European Assessment of EU Credit Guarantees” (scheduled for January 2019)
o Profitability of investment funds in Europe and the US. EIF Working paper :
§ “Venture Capital / Private Equity – Returns and Performance. Proposal on Benchmarks and Improvements”, 2018

January 2018 – current : Member of the BPI-France Steering Committee on the Evaluation of French Public Credit Guarantees – Paris

o Evaluation expert. Monitoring of the evaluation of the impact of French Credit Guarantees by BPI.
o In collaboration with the OECD, the Bank of France and the French Treasury.

December 2015 – July 2017 : Post-Doctoral Fellow – SciencesPo / Dauphine - Economics - Paris
· Activities :
o Researcher – SciencesPo, Center for International Studies / Dauphine, Governance and Regulation Chair
o Lecturer – Polytechnique / Dauphine – MA Research Tutorial in Digital Economics / Tutorship of Master’s theses
o Visiting scholar – Harvard – Economics Department – Invited lecturer for the class “Monetary Policy and Capital Markets”
· Research projects :
· "Inequality, Inflation and Productivity in the Long Run (France, UK, US)" (with Marion Labouré, Harvard, and Juergen Braunstein, LSE) (two papers)
· "The French Environment Policy and Gender Inequality" (commissioned by French Environment Minister)
· “Firms’ Development Policies in Late Modern France : Rise and Failure of Liberalism” (with Jérôme Sgard, SciencesPo, Jean Beuve, PSE, and Eric Brousseau, Dauphine) (two papers, one published in the Journal of Economic History)

September – December 2015 : PhD Trainee - European Central Bank - Economics Department - Country Surveillance Division - Frankfurt
· Assessment of the evolution, determinants and consequences of corporate leverage in the Eurozone. Elaboration of policy responses to European financial imbalances.
· Econometric assessment of determinants and consequences of corporate debt, investment, productivity, banking linkages : panel data, GMM.
· Contributed to ECB working paper :
o "Corporate Debt and Investment : a Firm-Level Analysis for Stressed Euro Area Countries”, 2017

February - July 2015: PhD Trainee - European Investment Bank - Economics Department - Economic Studies Division - Luxembourg
· Literature review, data management, statistical and econometric analysis
· Research assistance on corporate debt, and contributions to two published papers :
· "Linking Local Business with Global Growth Opportunities : the Role of Infrastructure", Oxford Economic Policy Review, 2016
· "Infrastructure Investment in Europe and International Competitiveness", Economics Department Working Paper, European Investment Bank, 2016

2009 – 2014 – PhD Candidate - Graduate Institute of International and Development Studies - Geneva
· Thesis : The International Transactions of France in the 20th Century. Supervisor : Marc Flandreau.
· Job-market paper : "The Economic Gains and Political Cost of Protectionism. French Oil Quotas in the 20th Century"
· Second PhD paper : "The Political Economy of French Foreign Exchange Control".
· Research Assistant for SciencesPo and Berkeley :
· "The Rise and Fall of the Dollar, or When did the Dollar Replace Sterling as the Leading International Currency" (Eichengreen, Flandreau)
· Teaching Assistant : Economics, History, Geopolitics - Assistant supervisor of the Masters in International Affairs.
2006-2007 - Master's Trainee - Technip - Head Direction : Master's thesis on French oil policy, time series.
2006 - Volunteer - NGO "Moyocani" - Zihuatanejo (Mexico) : Language teacher for underprivileged children.

Conferences : Recent presentations : Economic History Society Conference, World Economic History Congress (MIT), Exchange Rates Workshop (Lund), International Industrial and Organizational Economics Association Annual Congress, "Money and External Constraints" Seminar (Bank of France)...


Education
PhD – International Economic Relations (PhD in International Relations, research in International Economic Policy) - Graduate Institute of International Studies, Geneva - 2013
MA – Economics - Speciality Financial and Development Governance – SciencesPo Paris – 2007
MA – Political Science - Speciality Economic Governance – SciencesPo Paris – 2007
MA1 – History - Speciality Economic History – Sorbonne, Paris – 2007

Languages : French : native - English : bilingual - German : fluent