François Le Grand

Economics, Finance, Control

I am an Associate Professor of Finance at emlyon business school. I am also an associate researcher at the Chair of Integrative Risk Management and Economics (IRME) of ETH Zürich (Switzerland).

EDUCATION

• 2004-2007 : PhD at Paris School of Economics/EHESS (Ecole des Hautes Etudes en Sciences Sociales).
• Thesis : Intertemporal Asset Allocation : Application to Public Debt Management under the supervision of Prof. Gabrielle Demange.
• 2002-2004 : Master in Economics at Paris School of Economics/EHESS. Master in Economics and Statistics at the ENSAE (Ecole Nationale de la Statistique et de l'Administration Economique), Malakoff (France).
• 1999-2002 : Ecole Polytechnique, Palaiseau (France) : BS in Mechanics and Economics

AWARDS

2012 "Young researcher in economics" prize, awarded by the Fondation Banque de France.

EXPERIENCE

• Since 2014 : Associate Professor of Finance at EMLyon Business School, Ecully, France.
• Since 2011 : Associate Researcher at the Chair of Integrative Risk Management of ETH, Zurich, Switzerland.
• 2008-2014 : Assistant Professor of Finance at EMLyon Business School, Ecully, France.
• 2007-2008 : Visiting Scholar at Columbia University, New York City, USA. Sponsor: Prof. Bernard Salanié.

COURSES TAUGHT

EMLYON Business School

• Fixed Income (MSc in Management)
• Advanced Fixed Income (Specialized Master in Quantitative Finance)
• Credit Risk (MSc in Management)
• Introduction to Econometrics and Time Series (Specialized Master in Quantitative Finance)
• Excel and VBA (MSc in Management)

2006-2007 : Paris School of Economics

• Advanced Macroeconomics (Teaching assistant, First Year PhD)

RESEARCH INTEREST

Macro-finance, economics of risk and uncertainty.

PUBLICATIONS

ACADEMIC ARTICLES (8)

‑ Le Grand, François, Ragot, Xavier. 2018. A class of tractable incomplete-market models for studying asset returns and risk exposure.European Economic Review, 103: 39-59 p.

‑ Houy, Nicolas, Le Grand, François. 2018. Optimal dynamic regimens with artificial intelligence: The case of temozolomide.PLOS ONE, FORTH

‑ Bommier, Antoine, Kochov, Asen, , Le Grand, François. 2017. On Monotone Recursive Preferences.Econometrica, 85 (5): 1433-1466 p.

‑ LE GRAND, François, RAGOT, Xavier. 2016. Incomplete markets and derivative assets.Economic Theory, 62 (3): 517-545 p.

‑ BOMMIER, Antoine, BRETSCHGER, Lucas, , LE GRAND, François. 2016. Existence of equilibria in exhaustible resource markets with economies of scale and inventories.Economic Theory, FORTH

‑ BOMMIER, Antoine, LE GRAND, François. 2014. Too risk averse to purchase insurance?: A theoretical glance at the annuity puzzle.Journal of Risk and Uncertainty, 48 (2): 135-166 P.

‑ CHALLE, Edouard, Le Grand, François, , RAGOT, Xavier. 2013. Incomplete markets, liquidation risk, and the term structure of interest rates.Journal of Economic Theory, 148 (6): 2483–2519 P.

‑ BOMMIER, Antoine, CHASSAGNON, Arnold, , LE GRAND, François. 2012. Comparative risk aversion: A formal approach with applications to saving behavior.Journal of Economic Theory, 147 (4): 1614-1641 P.

BOOKS (2)

‑ Quittard-Pinon, François, Le Grand, François, , Rolando, Thierry. 2012. La gestion du risque de taux d'intérêt.: Economica 417 P.

‑ Quittard-Pinon, François, Rolando, Thierry, , Le Grand, François. 2012. La gestion du risque de taux d'intérêt. Paris: Economica 471 p.

CONFERENCES (1)

‑ Le Grand, François. 2009. Asset and Option Prices with a Liquidity Demand.

PRESS ARTICLES (3)

‑ Le Grand, François, HOUY, Nicolas. 2016. Pourquoi les économistes s’écharpent sur la loi El Khomri.Le Monde Economie,

‑ Le Grand, François. 2010. Le vrai problème des CDS.Les Echos,

‑ Le Grand, François. 2009. Le nouvel impôt sur les bonus ne modifie pas la prise de risques.Le Temps, (1) ‑ Le Grand, François. 2007. Allocation intertemporelle d’actifs : application à la gestion d’une dette publique. Thèse pour le doctorat en sciences économiques.: Ecole des Hautes Etudes en Sciences Sociales, 187 P.