Natacha Valla is an economist. Her research interests include investment, monetary policy, international macroeconomics, financial stability and applied macroeconomics. She has written articles and contributed to collective works on financial stability, banking and financial markets, monetary policy making and implementation, as well as real interested rate measures. She currently works at the EIB and is a permanent member of the Conseil d’Analyse Economique (CAE) in France. She sits in the scientific committee of the French banking supervisory and resolution body (ACPR) and in the Commission Economique de la Nation (nominated advisory group to the Finance Minister). She is a Fellow at Paris School of Economics and a member of the Société d’Economie Politique and of the Board of SUERF (European Money and Finance Forum). Natacha Valla was the Deputy Director of the CEPII Think-Tank between 2014 and June 2016, where she also headed the scientific programme International Macroeconomics and Finance. Before joining the CEPII, Natacha Valla was Executive Director at Goldman Sachs Global Economic Research between 2008 and 2014, where her focus was on financial economics and macroeconomic developments in the euro area, France and Italy. Natacha worked at the European Central Bank between 2001-2008 on the monetary policy stance and aspects of policy implementation in money markets. She has also lectured international economics at Sciences-Po Paris. In 2005, she was seconded at the Research Directorate of the Banque de France in Paris. Prior to that, she has been a consultant for the IMF and the OECD, and taught at the Universities of Florence, Paris-Dauphine and H.E.C. She received a PhD in Economics from the European University Institute (Florence) in 2003 on “Learning and distribution in monetary economics”. Views expressed in this blog are only the author's own.