Publications

by members of

National Bank of Belgium (NBB)
Bruxelles/Brussel, Belgium

Working papers

2008

1. Philippe Moës, 2008. "Multivariate structural time series models with dual cycles : implications for measurement of output gap and potential growth," Research series 200808-20, National Bank of Belgium. [Downloadable!]
2. Catherine Fuss, 2008. "How do firms adjust their wage bill in Belgium? A decomposition along the intensive and extensive margins," Working Paper Series 854, European Central Bank. [Downloadable!]
3. Catherine Fuss, 2008. "How do firms adjust their wage bill in Belgium ? A decomposition along the intensive and extensive margins," Research series 200801-31, National Bank of Belgium. [Downloadable!]
4. Joachim Keller, 2008. "Agency problems in structured finance – a case study of European CLOs," Documents series 200808-22, National Bank of Belgium. [Downloadable!]
5. Gregory de Walque & Olivier Pierrard & Henri Sneessens & Raf Wouters, 2008. "Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation," BCL working papers cahier_etude_33, Central Bank of Luxembourg. [Downloadable!]

2007

1. Emmanuel Dhyne & Catherine Fuss & M. Hashem Pesaran & Patrick Sevestre, 2007. "Lumpy Price Adjustments: A Microeconometric Analysis," IZA Discussion Papers 2793, Institute for the Study of Labor (IZA). [Downloadable!]
2. Dhyne, E. & Fuss, C. & Pesaran, H. & Sevestre, P., 2007. "Lumpy Price Adjustments, A Microeconometric Analysis," Cambridge Working Papers in Economics 0719, Faculty of Economics, University of Cambridge. [Downloadable!]
3. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2007. "Downward wage rigidity for different workers and firms - an evaluation for Belgium using the IWFP procedure," Working Paper Series 840, European Central Bank. [Downloadable!]
4. Emmanuel Dhyne & Catherine Fuss & M. Hashem Pesaran & Patrick Sevestre, 2007. "Lumpy Price Adjustments: A Microeconometric Analysis," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
5. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2007. "Downward wage rigidity for different workers and firms : an evaluation for Belgium using the IWFP procedure," Research series 200712-21, National Bank of Belgium. [Downloadable!]
6. David de la Croix & Gregory de Walque & Rafael Wouters, 2007. "Dynamics and monetary policy in a fair wage model of the business cycle," Working Paper Series 780, European Central Bank. [Downloadable!]
7. F. Coppens & F. Lagneaux & G. van Gastel & H. Meersman & N. Sellekaerts & E. Van de Voorde & Th. Vanelslander & A. Verhetsel, 2007. "Economic impact of port activity : a disaggregate analysis. The case of Antwerp," Documents series 200702-12, National Bank of Belgium. [Downloadable!]
8. François Coppens & Fernando González & Gerhard Winkler, 2007. "The performance of credit rating systems in the assessment of collateral used in Eurosystem monetary policy operations," Occasional Paper Series 65, European Central Bank. [Downloadable!]
9. François Coppens & Fernando Gonzáles & Gerhard Winkler, 2007. "The performance of credit rating systems in the assessment of collateral used in Eurosystem monetary policy operations," Research series 200710-12, National Bank of Belgium. [Downloadable!]
10. Janet Mitchell & Patrick Van Roy, 2007. "Failure prediction models : performance, disagreements, and internal rating systems," Research series 200712-18, National Bank of Belgium. [Downloadable!]
11. Smets, Frank & Wouters, Rafael, 2007. "Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach," CEPR Discussion Papers 6112, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
12. Frank Smets & Raf Wouters, 2007. "Shocks and Frictions in US Business Cycles : a Bayesian DSGE Approach," Research series 200702-05, National Bank of Belgium. [Downloadable!]
13. Frank Smets & Rafael Wouters, 2007. "Shocks and frictions in US business cycles: a Bayesian DSGE approach," Working Paper Series 722, European Central Bank. [Downloadable!]
14. Huw Dixon & Engin Kara, 2007. "Persistence and Nominal Inertia in a Generalized Taylor Economy: How Longer Contracts Dominate Shorter Contracts," Discussion Papers 07-01, Department of Economics, University of Birmingham. [Downloadable!]
15. Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area : some stylised facts from individual producer price data," Research series 200703-30, National Bank of Belgium. [Downloadable!]
16. Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Banco de España Working Papers 0703, Banco de España. [Downloadable!]
17. Erwan Gautier & Ignacio Hernando & Philip Vermeulen & Daniel Dias & Maarten Dossche & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Working Paper Series 727, European Central Bank. [Downloadable!]
18. Dias, Daniel & Sabbatini, Roberto & Dossche, Maarten & Stahl, Harald & Gautier, Erwan & Vermeulen, Philip & Hernando, Ignacio, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Discussion Paper Series 1: Economic Studies 2007,03, Deutsche Bundesbank, Research Centre. [Downloadable!]

2006

1. Philippe Moës, 2006. "The production function approach to the Belgian output gap, Estimation of a Multivariate Structural Time Series Model," Research series 200609-1, National Bank of Belgium. [Downloadable!]
2. Philippe Jeanfils & Philippe Delhez & Luc Van Meensel & Koen Burggraeve & Kristel Buysse & Philip Du Caju & Yves Saks & Kris Van Cauter, 2006. "Réduction linéaire de cotisations patronales à la sécurité sociale et financement alternatif," Documents series 200603-3, National Bank of Belgium. [Downloadable!]
3. Hans Dewachter & Marco Lyrio & Konstantijn Maes, 2006. "A multi-factor model for the valuation and risk managment of demand deposits," Research series 200605-2, National Bank of Belgium. [Downloadable!]
4. Catherine Fuss & Philip Vermeulen, 2006. "The response of firms‘ investment and financing to adverse cash flow shocks - the role of bank relationships," Working Paper Series 658, European Central Bank. [Downloadable!]
5. Catherine Fuss & Philip Vermeulen, 2006. "The response of firms\u2019 investment and financing to adverse cash flow shocks : the role of bank relationships," Research series 200607-1, National Bank of Belgium. [Downloadable!]
6. Emmanuel Dhyne & Catherine Fuss & Hashem Pesaran & Patrick Sevestre, 2006. "Lumpy price adjustments : a microeconometric analysis," Research series 200610-12, National Bank of Belgium. [Downloadable!]
7. Gregory de Walque & Frank Smets & Raf Wouters, 2006. "Firm-specific production factors in a DSGE model with Taylor price setting," Research series 200606-1, National Bank of Belgium. [Downloadable!]
8. Gregory de Walque & Frank Smets & Rafael Wouters, 2006. "Firm-specific production factors in a DSGE model with Taylor price setting," Working Paper Series 648, European Central Bank. [Downloadable!]
9. David de la Croix & Gregory de Walque & Rafael Wouters, 2006. "Dynamics and monetary policy in a fair wage model of the business cycle," Research series 200610-10, National Bank of Belgium. [Downloadable!]
10. Vincent Bodart & Gregory de Walque & Olivier Pierrard & Henri R. Sneessens & Raf Wouters, 2006. "Nominal wage rigidities in a new Keynesian model with frictional unemployment," Research series 200610-9, National Bank of Belgium. [Downloadable!]
11. de Walque, Gregory & Smets, Frank & Wouters, Rafael, 2006. "Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting," MPRA Paper 810, University Library of Munich, Germany. [Downloadable!]
12. Vincent Bodart & Gregory De Walque & Olivier Pierrard & Henri R. Sneessens & Raf Wouters, 2006. "Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment," IZA Discussion Papers 2528, Institute for the Study of Labor (IZA). [Downloadable!]
13. David, DE LA CROIX & Gregory, DE WALQUE & Rafael, WOUTERS, 2006. "Dynamics and monetary policy in a fair wage model of the business cycle," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2006061, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
14. François Coppens & David Vivet, 2006. "The single European electricity market: A long road to convergence," Documents series 200605-3, National Bank of Belgium. [Downloadable!]
15. Francois Coppens & Frederic Lagneaux & Hilde Meersman & Nathalie Sellekaerts & Eddy Van De Voorde & George Van Gastel & Ann Verhetsel, 2006. "The Economic Impacts of Port Activity in Antwerp: A Disaggregated Analysis," ERSA conference papers ersa06p388, European Regional Science Association. [Downloadable!]
16. Patrick Van Roy, 2006. "Is there a difference between solicited and unsolicited bank ratings and if so, why ?," Research series 200603-1, National Bank of Belgium. [Downloadable!]
17. Engin Kara, 2006. "Optimal monetary policy in the generalized Taylor economy," Working Paper Series 673, European Central Bank. [Downloadable!]
18. Huw Dixon & Engin Kara, 2006. "Understanding inflation persistence - a comparison of different models," Working Paper Series 672, European Central Bank. [Downloadable!]
19. David Cornille & Maarten Dossche, 2006. "The patterns and determinants of price setting in the Belgian industry," Research series 200605-1, National Bank of Belgium. [Downloadable!]
20. David Cornille & Maarten Dossche, 2006. "The patterns and determinants of price setting in the Belgian industry," Working Paper Series 618, European Central Bank. [Downloadable!]
21. D. Cornille & M. Dossche, 2006. "The Patterns and Determinants of Price Setting in the Belgian Industry," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/386, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
22. M. Dossche & F. Heylen & D. Van Den Poel, 2006. "The Kinked Demand Curve and Price Rigidity : Evidence from Scanner Data," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/429, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
23. Maarten Dossche & Freddy Heylen & Dirk Van den Poel, 2006. "The kinked demand curve and price rigidity : evidence from scanner data," Research series 200610-11, National Bank of Belgium. [Downloadable!]

2005

1. Philippe Jeanfils & Koen Burggraeve, 2005. "Noname \u2013 A new quarterly model for Belgium," Research series 200505-2, National Bank of Belgium. [Downloadable!]
2. Johan Devriese & Janet Mitchell, 2005. "Liquidity risk in securities settlement," Research series 200507-2, National Bank of Belgium. [Downloadable!]
3. Devriese, Johan & Mitchell, Janet, 2005. "Liquidity Risk in Securities Settlement," CEPR Discussion Papers 5123, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
4. Alain Durré & Pierre Giot, 2005. "An international analysis of earnings, stock prices and bond yields," Research series 200509-1, National Bank of Belgium. [Downloadable!]
5. Alain Durré & Pierre Giot, 2005. "An international analysis of earnings, stock prices and bond yields," Working Paper Series 515, European Central Bank. [Downloadable!]
6. de Walque, G. & Smets, F. & Wouters, R., 2005. "Price setting in General Equilibrium: Alternative Specifications," Computing in Economics and Finance 2005 370, Society for Computational Economics.
7. Francois Coppens, 2005. "Indirect effects - a formal definition and degrees of dependency as an alternative to technical coefficients," Research series 200505-1, National Bank of Belgium. [Downloadable!]
8. Patrick Van Roy, 2005. "The impact of the 1988 Basel Accord on banks' capital ratios and credit risk-taking: an international study," Finance 0509013, EconWPA. [Downloadable!]
9. Patrick Van Roy, 2005. "Is there a difference in treatment between solicited and unsolicited bank ratings and, if so, why?," Finance 0509012, EconWPA. [Downloadable!]
10. Patrick Van Roy, 2005. "Credit ratings and the standardised approach to credit risk in Basel II," Finance 0509014, EconWPA. [Downloadable!]
11. Patrick Van Roy, 2005. "Credit ratings and the standardised approach to credit risk in Basel II," Working Paper Series 517, European Central Bank. [Downloadable!]
12. Marco Del Negro & Frank Schorfheide & Frank Smets & Raf Wouters, 2005. "On the fit and forecasting performance of New-Keynesian models," Working Paper Series 491, European Central Bank. [Downloadable!]
13. Del Negro, Marco & Schorfheide, Frank & Smets, Frank & Wouters, Rafael, 2005. "On the Fit and Forecasting Performance of New Keynesian Models," CEPR Discussion Papers 4848, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
14. Engin Kara & Huw Dixon, 2005. "Persistence and Nominal Inertia in a Generalised Taylor Economy: How Loner Contracts Dominate Shorter Contracts," Money Macro and Finance (MMF) Research Group Conference 2005 82, Money Macro and Finance Research Group. [Downloadable!]
15. Huw Dixon & Engin Kara, 2005. " How to Compare Taylor and Calvo Contracts: a comment on Michael Kiley," CDMA Working Paper Series 0504, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
16. Huw Dixon & Engin Kara, 2005. "Persistence and nominal inertia in a generalized Taylor economy - how longer contracts dominate shorter contracts," Working Paper Series 489, European Central Bank. [Downloadable!]
17. Engin Kara & Huw Dixon, 2005. "Persistence and Nominal Inertia in a Generalized Taylor Economy: How Longer Contracts Dominate Shorter Contracts," Computing in Economics and Finance 2005 87, Society for Computational Economics. [Downloadable!]
18. M. Dossche & G. Everaert, 2005. "Measuring inflation persistence: a structural time series approach," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/340, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
19. Maarten Dossche & Gerdie Everaert, 2005. "Measuring Inflation Persistence: A Structural Time Series Approach," Computing in Economics and Finance 2005 459, Society for Computational Economics. [Downloadable!]
20. Maarten Dossche & Gerdie Everaert, 2005. "Measuring inflation persistence: A structural time series approach," Money Macro and Finance (MMF) Research Group Conference 2005 85, Money Macro and Finance Research Group. [Downloadable!]
21. Maarten Dossche & Gerdie Everaert, 2005. "Measuring inflation persistence - a structural time series approach," Working Paper Series 495, European Central Bank. [Downloadable!]
22. Maarten Dossche & Gerdie Everaert, 2005. "Measuring inflation persistence: a structural time series approach," Research series 200506-1, National Bank of Belgium. [Downloadable!]

2004

1. Stefaan Ide & Philippe Moës, 2004. "Asymetric growth and inflation developments in the acceding countries: a new assessment," Research series 200411-1, National Bank of Belgium. [Downloadable!]
2. Konstantijn Maes, 2004. "Modeling the Term Structure of Interest Rates: Where Do We Stand?," Research series 200402, National Bank of Belgium. [Downloadable!]
3. Helena Beltran & Alain Durré & Pierre Giot, 2004. "How does liquidity react to stress periods in a limit order market?," Research series 200405-5, National Bank of Belgium. [Downloadable!]
4. Helena, BELTRAN & Alain, DURRE & Pierre, GIOT, 2004. "Volatility regimes and the provisions of liquidity in order book markets," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2005015, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
5. Catherine Fuss & Philip Vermeulen, 2004. "Firms’ investment decisions in response to demand and price uncertainty," Working Paper Series 347, European Central Bank. [Downloadable!]
6. Catherine Fuss & Philip Vermeulen, 2004. "Firms' investment decisions in response to demand and price uncertainty," Research series 200404-2, National Bank of Belgium. [Downloadable!]
7. Grégory de Walque, 2004. "Voting on pensions: a survey," Research series 200410-2, National Bank of Belgium. [Downloadable!]
8. François Coppens & David Vivet, 2004. "Liberalisation of network industries : Is the electricity sector an exception to the rule?," Documents series 200409, National Bank of Belgium. [Downloadable!]
9. Smets, Frank & Wouters, Rafael, 2004. "Forecasting with a Bayesian DSGE Model: An Application to the Euro Area," CEPR Discussion Papers 4749, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
10. Frank Smets & Raf Wouters, 2004. "Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE approach," Research series 200410-1, National Bank of Belgium. [Downloadable!]
11. Frank Smets & Raf Wouters, 2004. "Comparing shocks and frictions in US and euro area business cycles - a Bayesian DSGE approach," Working Paper Series 391, European Central Bank. [Downloadable!]
12. Smets, Frank & Wouters, Rafael, 2004. "Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach," CEPR Discussion Papers 4750, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
13. Raf Wouters & Frank Smets, 2004. "Welfare analysis of non-fundamental asset price and investment shocks: Implications for monetary policy," Computing in Economics and Finance 2004 132, Society for Computational Economics.
14. Frank Smets & Raf Wouters, 2004. "Forecasting with a Bayesian DSGE Model: an application to the euro area," Research series 200409-2, National Bank of Belgium. [Downloadable!]
15. Marco Del Negro & Frank Schorfheide & Frank Smets & Raf Wouters, 2004. "On the fit and forecasting performance of New Keynesian models," Working Paper 2004-37, Federal Reserve Bank of Atlanta. [Downloadable!]
16. Frank Smets & Raf Wouters, 2004. "Forecasting with a Bayesian DSGE model - an application to the euro area," Working Paper Series 389, European Central Bank. [Downloadable!]

2003

1. Stefaan Ide & Philippe Moës, 2003. "Scope of asymmetries in the Euro area," Documents series 200303-2, National Bank of Belgium. [Downloadable!]
2. Koen Burggraeve & Philip Du Caju, 2003. "The labour market and fiscal impact of labour reductions: the case of reduction of employers' social security contributions under a wage norm regime with automatic price indexing of wages," Research series 200303-1, National Bank of Belgium. [Downloadable!]
3. Konstantijn Maes & Konstantijn Maes, 2003. "Modeling the Term Structure of Interest Rates: Where Do We Stand?," International Economics Working Papers Series wpie008, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
4. Patrick BISCIARI & Alain DURRE & Alain NYSSENS, 2003. "Stock Market Valuation In The United States," Finance 0312011, EconWPA. [Downloadable!]
5. Patrick Bisciari & Alain Durré & Alain Nyssens, 2003. "Stock market valuation in the United States," Documents series 200311, National Bank of Belgium. [Downloadable!]
6. Rasmus Pilegaard & Alain Durre & Snorre Evjen, 2003. "Estimating risk premia in money market rates," Working Paper Series 221, European Central Bank. [Downloadable!]
7. François Coppens & George Van Gastel, 2003. "De autonijverheid in België," Documents series 200306-1, National Bank of Belgium. [Downloadable!]
8. Raf Wouters & Frank Smets, 2003. "Output gaps:theory versus practice," Computing in Economics and Finance 2003 256, Society for Computational Economics.

2002

1. Paul Butzen & Catherine Fuss & Philip Vermeulen, 2002. "The impact of uncertainty on investment plans," Research series 200205-5, National Bank of Belgium. [Downloadable!]
2. Frank Smets & Raf Wouters, 2002. "Output and interest rate gaps: Theory versus practice," Computing in Economics and Finance 2002 355, Society for Computational Economics.
3. Frank Smets & Raf Wouters, 2002. "An estimated dynamic stochastic general equilibrium model of the euro area," Research series 200210, National Bank of Belgium. [Downloadable!]
4. Frank Smets & Raf Wouters, 2002. "Openness, imperfect exchange rate pass-through and monetary policy," Research series 200203, National Bank of Belgium. [Downloadable!]
5. Frank Smets & Rafael Wouters, 2002. "Openness: imperfect exchange rate pass-through and monetary policy," Working Paper Series 128, European Central Bank. [Downloadable!]
6. Frank Smets & Rafael Wouters, 2002. "An estimated stochastic dynamic general equilibrium model of the euro area," Working Paper Series 171, European Central Bank. [Downloadable!]
7. L. Pozzi & F. Heylen & M. Dossche, 2002. "Government debt and the excess sensitivity of private consumption to current income: an empirical analysis for OECD countries," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 02/155, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]

2001

1. Hans Dewachter & Konstantijn Maes, 2001. "An Affine Model for International Bond Markets," International Economics Working Papers Series ces0106, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
2. Hans Dewachter & Marco Lyrio & Konstantijn Maes, 2001. "Estimation of a Joint Model for the Term Structure of Interest Rates and the Macroeconomy," International Economics Working Papers Series ces0118, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
3. Hans Dewachter & Kristien Smedts & Konstantijn Maes, 2001. "Monetary Unification and the Price of Risk: An Unconditional Analysis," International Economics Working Papers Series ces0201, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
4. Hans Dewachter & Marco Lyrio & Konstantijn Maes, 2001. "The Effect of Monetary Unification on German Bond Markets," International Economics Working Papers Series ces0205, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
5. Hans Dewachter & Konstantijn Maes, 2001. "An Admissible Affine Model for Joint Term Structure Dynamics of Interest Rates," International Economics Working Papers Series wpie001, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
6. Hans Dewachter & Marco Lyrio & Konstantijn Maes, 2001. "A Joint Model for the Term Structure of Interest Rates and the Macroeconomy," International Economics Working Papers Series wpie002, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
7. Hans Dewachter & Kristien Smedts & Konstantijn Maes, 2001. "Do Exchange Rates Convert Prices of Risk Across Countries?," International Economics Working Papers Series wpie003, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
8. Hans Dewachter & Konstantijn Maes, 2001. "Fitting Correlations Within and Between Bond Markets," International Economics Working Papers Series wpie004, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
9. Hans Dewachter & Marco Lyrio & Konstantijn Maes, 2001. "The Effect of Monetary Unification on German Bond Markets," International Economics Working Papers Series wpie005, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
10. Hans Dewachter & Kristien Smedts & Konstantijn Maes, 2001. "Monetary Unification and the Price of Risk: An Unconditional Analysis," International Economics Working Papers Series wpie006, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics. [Downloadable!]
11. DURRE, Alain, 2001. "Would it Be Optimal for Central Banks to Include Asset Prices in Their Loss Function ?," Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Discussion Paper 2001013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
12. Butzen, Paul & Fuss, Catherine & Vermeulen, Philip, 2001. "The interest rate and credit channels in Belgium: An investigation with micro-level firm data," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A3-1, International Conferences on Panel Data. [Downloadable!]
13. Philip Vermeulen & Paul Butzen & Catherine Fuss & Patrick Sevestre & Andreas Worms, 2001. "The interest rate and credit channels in Belgium: an investigation with micro-level firm data," Working Paper Series 107, European Central Bank. [Downloadable!]
14. Paul Butzen & Catherine Fuss & Philip Vermeulen, 2001. "The interest rate and credit channels in Belgium: an investigation with micro-level firm data," Research series 2001-12, National Bank of Belgium. [Downloadable!]
15. De Walque, G. & Gevers, L., 2001. "Heterogeneous Dynasties and the Political Economy of Public Debt," Papers 225, Notre-Dame de la Paix, Sciences Economiques et Sociales.
16. Annick Bruggeman & Raf Wouters, 2001. "Determinanten van de debetrentes toegepast door Belgische kredietinstellingen," Documents series 200105, National Bank of Belgium. [Downloadable!]

2000

1. Raf Wouters & Frank Smets, 2000. "Optimal Monetary Policy In An Open Economy," Computing in Economics and Finance 2000 186, Society for Computational Economics.
2. Wouters, R. & Dombrecht, M., 2000. "Model-Based Forecasts and Monetary Policy Rules," Papers 1, Warwick - Development Economics Research Centre.

1999

1. Dor, Eric & Durré, Alain, 1999. "Stock Prices, Exchange Rates and Monetary Policy," Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Discussion Paper 2000001, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
2. Alain Durré, 1999. "L'investissement en logement en Belgique et en Wallonie : tendances et mécanismes sous-jacents, 1980-1995," IASE Conference Papers 9918, International Association of Sports Economists. [Downloadable!]
3. Bruno, C. & Fuss, C., 1999. "Asymmetries on European labour markets," Documents de Travail de l'OFCE 1999-03, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
4. F. Smets & R. Wouters, 1999. "The Exchange Rate and the Monetary Transmission Mechanism in Germany," DNB Staff Reports (discontinued) 35, Netherlands Central Bank. [Downloadable!]

1997

1. de Crombrugghe, A & de Walque, G, 1997. "Taxing Excess Wages to Promote Employment : The Case of Poland 1990-1991," Papers 194, Notre-Dame de la Paix, Sciences Economiques et Sociales.
2. de Crombrugghe, Alain L & de Walque, Gregory, 1997. "Fiscal Norming of Wages to Promote Employment with Monopoly Unions," CEPR Discussion Papers 1766, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

Undated

1. Huw Dixon & Engin Kara, . "How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley," Discussion Papers 05/04, Department of Economics, University of York. [Downloadable!]

Journal articles

2008

1. Patrick Van Roy, 2008. "Capital Requirements and Bank Behaviour in the Early 1990: Cross-Country Evidence," International Journal of Central Banking, International Journal of Central Banking, vol. 4(3), pages 29-60, September. [Downloadable!]

2007

1. Alain Durré & Pierre Giot, 2007. "An International Analysis of Earnings, Stock Prices and Bond Yields," Journal of Business Finance & Accounting, Blackwell Publishing, vol. 34(3-4), pages 613-641. [Downloadable!] (restricted)
2. Frank Smets & Rafael Wouters, 2007. "Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach," American Economic Review, American Economic Association, vol. 97(3), pages 586-606, June.
3. Del Negro, Marco & Schorfheide, Frank & Smets, Frank & Wouters, Rafael, 2007. "On the Fit of New Keynesian Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 123-143, April. [Downloadable!] (restricted)
4. Negro, Marco Del & Schorfheide, Frank & Smets, Frank & Wouters, Rafael, 2007. "Rejoinder," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 159-162, April. [Downloadable!] (restricted)

2006

1. Philippe Moës, 2006. "The production function approach to the Belgian output gap: Estimation of a multivariate structural time series model," Brussels Economic Review/Cahiers Economiques de Bruxelles, Editions du DULBEA, Université libre de Bruxelles, Department of Applied Economics (DULBEA), vol. 49(1), pages 59-89.
2. Marco Lyrio & Hans Dewachter & Konstantijn Maes, 2006. "A joint model for the term structure of interest rates and the macroeconomy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(4), pages 439-462. [Downloadable!]
3. Alain Durré, 2006. "The Liquidity Premium in the Money Market: A Comparison of the German Mark Period and the Euro Area," German Economic Review, Blackwell Publishing, vol. 7, pages 163-187, 05. [Downloadable!] (restricted)
4. Gregory de Walque & Frank Smets & Raf Wouters, 2006. "Price Shocks in General Equilibrium: Alternative Specifications," CESifo Economic Studies, Oxford University Press, vol. 52(1), pages 153-176, March. [Downloadable!] (restricted)
5. Gregory de Walque & Frank Smets & Rafael Wouters, 2006. "Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting," International Journal of Central Banking, International Journal of Central Banking, vol. 2(3), September. [Downloadable!]
6. Dixon, Huw & Kara, Engin, 2006. "How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(4), pages 1119-1126, June. [Downloadable!] (restricted)

2005

1. Grégory de Walque, 2005. "Voting on Pensions: A Survey," Journal of Economic Surveys, Blackwell Publishing, vol. 19(2), pages 181-209, 04. [Downloadable!] (restricted)
2. Raf Wouters & Frank Smets, 2005. "Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE Approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(2), pages 161-183. [Downloadable!]
3. Frank Smets & Rafael Wouters, 2005. "Bayesian New Neoclassical Synthesis (NNS) Models: Modern Tools for Central Banks," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 422-433, 04/05. [Downloadable!] (restricted)

2004

1. Frank Smets & Raf Wouters, 2004. "Forecasting with a Bayesian DSGE Model: An Application to the Euro Area," Journal of Common Market Studies, Blackwell Publishing, vol. 42(4), pages 841-867, November. [Downloadable!] (restricted)
2. Lorenzo Pozzi & Freddy Heylen & Maarten Dossche, 2004. "Government Debt and Excess Sensitivity of Private Consumption: Estimates from OECD Countries," Economic Inquiry, Oxford University Press, vol. 42(4), pages 618-633, October. [Downloadable!] (restricted)

2003

1. Koen Burggraeve & Philippe du Caju, 2003. "Reductions in Employers' Social Security Contributions in a Wage Norm and Automatic Indexing Regime," Brussels Economic Review/Cahiers Economiques de Bruxelles, Editions du DULBEA, Université libre de Bruxelles, Department of Applied Economics (DULBEA), vol. 46(4), pages 31-64.
2. Hans Dewachter & Konstantijn Maes & Kristien Smedts, 2003. "Monetary unification and the price of risk: An unconditional analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 139(2), pages 276-305, June. [Downloadable!] (restricted)
3. Frank Smets & Raf Wouters, 2003. "An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1123-1175, 09. [Downloadable!] (restricted)

2002

1. Friedrich Breyer & Claudia Buch & Katharina Sailer & Alain Durré, 2002. "Book reviews," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 138(1), pages 161-169, March. [Downloadable!] (restricted)
2. Paul Butzen & Catherine Fuss & Philip Vermeulen, 2002. "The Interest Rate and Credit Channels in Belgium: An Investigation with Micro-level Firm Data," Brussels Economic Review/Cahiers Economiques de Bruxelles, Editions du DULBEA, Université libre de Bruxelles, Department of Applied Economics (DULBEA), vol. 45(3), pages 5-35.
3. Smets, Frank & Wouters, Raf, 2002. "Openness, imperfect exchange rate pass-through and monetary policy," Journal of Monetary Economics, Elsevier, vol. 49(5), pages 947-981, July. [Downloadable!] (restricted)
4. Frank Smets & Raf Wouters, 2002. "Monetary policy in an estimated stochastic dynamic general equilibrium model of the Euro area," Proceedings, Federal Reserve Bank of San Francisco, issue Mar. [Downloadable!]

2001

1. de Walque, Gregory & Gevers, Louis, 2001. " Heterogeneous Dynasties and the Political Economy of Public Debt," Scandinavian Journal of Economics, Blackwell Publishing, vol. 103(3), pages 369-89, September. [Downloadable!] (restricted)

1997

1. Dombrecht, M. & Wouters, R., 1997. "Interest rates and household absorption in Belgium," Journal of Policy Modeling, Elsevier, vol. 19(2), pages 129-152, April. [Downloadable!] (restricted)

1991

1. Ginsburgh, Victor & Michel, Philippe & Moes, Philippe, 1991. "Quantity adjustment costs and price stickiness," Economics Letters, Elsevier, vol. 36(2), pages 121-125, June. [Downloadable!] (restricted)

Chapters

2005

1. Frank Smets & Raf Wouters, 2005. "Welfare analysis of non-fundamental asset price and investment shocks: implications for monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 146-65 Bank for International Settlements. [Downloadable!]

This page was last updated on 2008-10-1.