Caterina Seghini
Macroeconomist and modeler at the Macroeconomic and Forecasting Division
Current Position
Caterina Seghini is a macroeconomist and modeler at the Banque de France (Macroeconomic and Forecasting Division), where she develops semi-structural macroeconomic models for economic forecasting and policy analysis. Her research lies at the intersection of environmental economics, public finance, and macroeconomic modeling, with a focus on how transition and physical climate risks—and the policy mix used to address them—affect sovereign debt sustainability and fiscal limits. She is also a lecturer at ESSEC Business School and the Bordeaux School of Economics. She obtained a PhD in Finance from the Swiss Finance Institute and the University of Geneva, and previously held visiting positions at the Paris School of Economics (until June 2024) and at the Banque de France’s Climate Economics Unit (until November 2023).
Previous Position
- Visiting PhD Student at Paris School of Economics (2024)
- Visiting Researcher at Banque de France, Climate Economics Unit (2023)
- Teaching Assistant at Geneva School of Economics and Management, University of Geneva (2019 – 2024)
Diplomas
- PhD in Finance, Swiss Finance Institute – University of Geneva (2018 – 2024)
- MSc in Economics, Alma Mater Studiorum – University of Bologna (2016 – 2018)
- BSc in Economics, University of Pavia (2013 – 2016)
Research Interests
Environmental economics, Public finance, Macroeconomic modeling, Fiscal and monetary policy
Contact
caterina.seghini@banque-france.fr
+33 (0)1 42 92 33 50
Banque de France, S4A-1376 DGSEI-DCPM-SEMAP, 75049 Paris Cedex 01
Academic Publications
- “Sovereign debt sustainability, the carbon budget and climate damages”, in Environmental and Resource Economics, 2026, Vol. 89, No. 9.
- “The Macroeconomics of Climate Change and Public Debt Sustainability: Mapping Transition and Physical Risks through Output Growth, Primary Balances, and Real Rates”, in Journal of Economic Surveys, 2026.
- “The Green Transition and Public Finances”, with S. Dees, in Macroeconomic Dynamics, 2025, Vol.29, e152.
- “The Green Transition and Public Finances”, with S. Dees, in Banque de France Working Paper, 2024, No. 949
Other reviews
- “Sovereign Debt Sustainability, Carbon Budgets, and Climate Damages”, in E-Axes Forum, Policy Brief, January 2025.
- “The Green Transition and Public Finances: Balancing climate mitigation and fiscal sustainability”, with S. Dees, in VoxEU Column, August 2024.
Others
- “Under Pressure: Sovereign Debt Challenges in a Warming World”, with S. Dees and A. De Gaye, in SSRN Working Paper, 2026, No. 6082011.