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Xavier Ragot

President · OFCE (Sciences Po)

President of OFCE, the Sciences Po research centre, and CNRS director of research and professor at Sciences Po Paris. His research covers monetary and financial macroeconomics, European issues and heterogeneous-agent models.

2 papers tracked ⌁ Follow this author
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Published Journal of Political Economy Online 1 Apr 2025 Published Jul 2025
Optimal Fiscal Policy with Heterogeneous Agents and Capital: Should We Increase or Decrease Public Debt and Capital Taxes?

François Le Grand · Xavier Ragot

The Chamley-Judd result (1986) states that the optimal long-run capital income tax rate is zero in representative-agent models. This paper shows that introducing heterogeneous agents — specifically, …

Fiscal Monetary Interactions Business Cycles Free Read ↗
Online First Review of Economic Studies Online 12 Mar 2026
Should Monetary Policy Care about Redistribution? Optimal Monetary and Fiscal Policy with Heterogeneous Agents

François Le Grand · Alaïs Martin-Baillon · Xavier Ragot

Should monetary policy deviate from price stability to address redistributive concerns in an economy with heterogeneous agents? The paper jointly solves for optimal monetary and fiscal policy under …

Monetary Policy Fiscal Policy Inequality Free Read ↗