I'm a Research Economist at the Bank of England and a member of the Centre for Macroeconomics.
I received my Ph.D. from Paris School of Economics in 2018; and previously worked at CEPII (a research centre affiliated to the Prime Minister Office in France) for seven years.
My research interests include international macroeconomics, productivity and growth.


Revisiting the Global Decline of the (Non-Housing) Labour Share (with Germán Gutiérrez)

American Economic Review: Insights, September 2020, vol. 2, no. 3, pp. 321-38.
Published version | Online Appendix | Replication package | Slides
Media coverage: The Economist, Hutchins Roundup, Central Banking.

Economic Integration and Unit Labour Costs

Revise and resubmit at the European Economic Review.
Bank of England Staff Working Paper, no. 799, May 2019.
A previous version was circulated under the title "Economic Integration and the Non-tradable Sector: the European Experience" and was selected for the Young Economists' session at the ECB Forum on Central Banking in Sintra.

Firm Ownership and the Labour Share (with Antoine Vatan)

Other publications

Peer-reviewed policy paper

A European Disease? Non-tradable inflation and real interest rate divergence
CESifo Economic Studies, 63(2), pp. 210-234, February 2017.
Media coverage: La Tribune.

Non-refereed publications

World Trade Flows Characterization: Unit Values, Trade Types and Price Ranges (with Charlotte Emlinger)
CEPII Working Paper, n°2014-26, December 2014.
Database: World Trade Flows Characterization.

Ending the Euro Area Crisis: Crossing the River by Feeling the Stones (with A. Bénassy-Quéré, Y.-E. Bara, B. Carton, C. Destais)
G-MonD Policy Paper, n°2012-01, November 2012.

Internal vs. External Devaluation (with Y.-E. Bara)
La Lettre du CEPII, n°324, August 2012.
The French version of this article was published in Problèmes économiques, n°3063, March 2013.

Selected blog posts

Selected publications in French

Bank of England, Threadneedle Street, London EC2R 8AH
smmpiton [at] gmail.com
sophie.piton [at] bankofengland.co.uk