Details about Frank Rafael Smets

Homepage:	https://sites.google.com/view/frank-smets/home
Workplace:	European Central Bank, (more information at EDIRC) Faculteit Economie en Bedrijfskunde (Faculty of Economics and Business Administration), Universiteit Gent (University of Ghent), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Frank Rafael Smets.

Last updated 2022-08-17. Update your information in the RePEc Author Service.

Short-id: psm33

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Working Papers

2022

1. Macroprudential policy and the role of institutional investors in housing markets
   ESRB Working Paper Series, European Systemic Risk Board
2. The optimal quantity of CBDC in a bank-based economy
   Working Paper Series, European Central Bank View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)

2021

3. Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2020) View citations (21)
   Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration (2019) View citations (7)
   Working Paper Series, European Central Bank (2020) View citations (30)
4. THE EFFECTIVENESS OF A NEGATIVE INTEREST RATE POLICY
   Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
5. The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials
   Occasional Paper Series, European Central Bank View citations (3)
6. Understanding low inflation in the euro area from 2013 to 2019: cyclical and structural drivers
   Occasional Paper Series, European Central Bank View citations (5)

2020

7. Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers
   EconStor Preprints, ZBW - Leibniz Information Centre for Economics View citations (10)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (9)
   Working Papers, Barcelona School of Economics (2019) View citations (3)
   Working Paper Series, European Central Bank (2020) View citations (10)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2020) View citations (11)

2019

8. Online Appendix to "Structural Asymmetries and Financial Imbalances in the Eurozone"
   Online Appendices, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)

2018

9. Pipeline Pressures and Sectoral Inflation Dynamics
   Working Paper Research, National Bank of Belgium View citations (1)
10. The first twenty years of the European Central Bank: monetary policy
    Working Paper Series, European Central Bank View citations (105)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (119)

2017

11. Structural asymmetries and financial imbalances in the eurozone
    Working Paper Series, European Central Bank View citations (6)
    See also Journal Article in Review of Economic Dynamics (2020)

2016

12. Booms and banking crises
    BIS Working Papers, Bank for International Settlements View citations (145)
    See also Journal Article in Journal of Political Economy (2016)
13. Challenges for Central Banks' Macro Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (37)
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2016) View citations (20)
14. Slow recoveries: any role for corporate leverage?
    BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics View citations (12)
    See also Journal Article in Journal of Economic Dynamics and Control (2016)

2015

15. Labour market adjustments in Europe and the US: How different?
    Working Paper Series, European Central Bank View citations (33)

2013

16. Booms and systemic banking crises
    Working Paper Series, European Central Bank View citations (82)
17. Professional forecasters and the real-time forecasting performance of an estimated new keynesian model for the euro area
    Working Paper Series, European Central Bank View citations (10)

2012

18. Slow Recoveries: A Structural Interpretation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (104)
    Also in Working Papers, Barcelona School of Economics (2012) View citations (104)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2012) View citations (106)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (105)
    See also Journal Article in Journal of Money, Credit and Banking (2012)
19. Unemployment in an Estimated New Keynesian Model
    NBP Working Papers, Narodowy Bank Polski View citations (146)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2011) View citations (206)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (15)
    Working Papers, Barcelona School of Economics (2011) View citations (207)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (203)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (206)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (205)
    See also Journal Article in NBER Macroeconomics Annual (2012)
    Chapter (2011)

2011

20. A monetary policy strategy in good and bad times: lessons from the recent past
    Working Paper Series, European Central Bank View citations (37)
    See also Journal Article in Economic Policy (2013)
21. The determination of wages of newly hired employees: survey evidence on internal versus external factors
    Working Papers, Bank of Greece
    Also in Research Technical Papers, Central Bank of Ireland (2010) View citations (23)
    Working Papers, Czech National Bank (2009) View citations (20)
    Working Paper Series, European Central Bank (2010) View citations (33)
    See also Journal Article in Labour Economics (2012)

2010

22. Asset Price Booms and Monetary Policy
    EcoMod2003, EcoMod View citations (37)
    Also in Working Paper Series, European Central Bank (2004) View citations (198)
23. Imperfect information and the business cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in School of Economics Working Papers, University of Adelaide, School of Economics (2009) View citations (28)
    See also Journal Article in Journal of Monetary Economics (2009)
24. Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue
    Working Papers, Bar-Ilan University, Department of Economics View citations (18)
    Also in Post-Print, HAL (2010) View citations (17)
    MPRA Paper, University Library of Munich, Germany (2010) View citations (18)
    See also Journal Article in Managerial and Decision Economics (2010)

2009

25. Estimation of the Euro Area Output Gap Using the NAWM
    Bank of Lithuania Working Paper Series, Bank of Lithuania View citations (18)
26. Evidence from surveys of price-setting managers: Policy lessons and directions for ongoing research
    Working Papers, Banco de Portugal, Economics and Research Department View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (6)

2008

27. A quantitative perspective on optimal monetary policy cooperation between the US and the euro area
    Working Paper Series, European Central Bank View citations (21)
28. Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium-Scale DSGE Model
    Post-Print, HAL View citations (64)
    Also in Working papers, Banque de France (2007) View citations (19)
    Documents de recherche, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne (2007) View citations (10)
    See also Journal Article in Journal of Money, Credit and Banking (2008)
29. House Prices and the stance of Monetary Policy
    Working Paper Series, European Central Bank View citations (104)
    See also Journal Article in Review (2008)
30. International transmission and monetary policy cooperation
    Working Paper Series, European Central Bank View citations (39)
    See also Chapter (2007)
31. On Implications of Micro Price Data for Macro Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
    Also in Working Paper Series, European Central Bank (2008) View citations (37)
    See also Journal Article in Conference Series ; [Proceedings] (2008)

2007

32. Is Time Ripe for Price Level Path Stability?
    Working Papers, Banco de Portugal, Economics and Research Department View citations (60)
    Also in Working Paper Series, European Central Bank (2007) View citations (65)
33. Real wages and monetary policy transmission in the euro area
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (28)
34. Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3420)
    Also in Working Paper Research, National Bank of Belgium (2007) View citations (3459)
    Working Paper Series, European Central Bank (2007) View citations (3806)
    See also Journal Article in American Economic Review (2007)
35. US Imbalances: The Role of Technology and Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (44)
    Also in Working Paper Series, European Central Bank (2007) View citations (53)
    See also Journal Article in Journal of International Money and Finance (2007)

2006

36. Adaptive learning, persistence, and optimal monetary policy
    Working Paper Series, European Central Bank View citations (88)
    See also Journal Article in Journal of the European Economic Association (2006)
37. Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting
    MPRA Paper, University Library of Munich, Germany View citations (27)
    Also in Working Paper Series, European Central Bank (2006) View citations (29)
    Working Paper Research, National Bank of Belgium (2006) View citations (26)
    See also Journal Article in International Journal of Central Banking (2006)
38. Inflation persistence and price-setting behaviour in the euro area: a summary of the IPN evidence
    Occasional Paper Series, European Central Bank View citations (176)
39. Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence
    Working Paper Research, National Bank of Belgium View citations (107)
40. Optimal Monetary Policy under Adaptive Learning
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (20)

2005

41. Monetary Policy under Adaptive Learning
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (19)
42. New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling
    Working Papers, Barcelona School of Economics View citations (13)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (40)
    See also Journal Article in Journal of the European Economic Association (2006)
43. On the Fit and Forecasting Performance of New Keynesian Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (85)
    Also in Working Paper Series, European Central Bank (2005) View citations (109)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2004) View citations (26)
44. Price setting in General Equilibrium: Alternative Specifications
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (12)

2004

45. Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (67)
    Also in Working Paper Research, National Bank of Belgium (2004) View citations (43)
    Working Paper Series, European Central Bank (2004) View citations (54)
    See also Journal Article in Journal of Applied Econometrics (2005)
46. Forecasting with a Bayesian DSGE Model: An Application to the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (121)
    Also in Working Paper Research, National Bank of Belgium (2004) View citations (118)
    Working Paper Series, European Central Bank (2004) View citations (126)
    See also Journal Article in Journal of Common Market Studies (2004)
47. Welfare analysis of non-fundamental asset price and investment shocks: Implications for monetary policy
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (2)
    See also Chapter (2005)

2003

48. Output gaps:theory versus practice
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (8)
49. Persistence, the Transmission Mechanism and Robust Monetary Policy
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (59)
    Also in Working Paper Series, European Central Bank (2003) View citations (69)
    See also Journal Article in Scottish Journal of Political Economy (2003)

2002

50. An estimated dynamic stochastic general equilibrium model of the euro area
    Working Paper Research, National Bank of Belgium View citations (153)
    See also Journal Article in Journal of the European Economic Association (2003)
51. An estimated stochastic dynamic general equilibrium model of the euro area
    Working Paper Series, European Central Bank View citations (227)
52. Model uncertainty and the equilibrium value of the real effective euro exchange rate
    Working Paper Series, European Central Bank View citations (49)
53. Openness, imperfect exchange rate pass-through and monetary policy
    Working Paper Research, National Bank of Belgium View citations (261)
    Also in Working Paper Series, European Central Bank (2002) View citations (300)
    See also Journal Article in Journal of Monetary Economics (2002)
54. Output and interest rate gaps: Theory versus practice
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (3)
55. The industry effects of monetary policy in the euro area
    Working Paper Series, European Central Bank View citations (38)
    See also Journal Article in Economic Journal (2005)

2001

56. Are the effects of monetary policy in the euro area greater in recessions than in booms?
    Working Paper Series, European Central Bank View citations (121)
57. Investment and monetary policy in the euro area
    Working Paper Series, European Central Bank View citations (29)
    See also Journal Article in Journal of Banking & Finance (2002)
58. The monetary transmission mechanism in the euro area: more evidence from VAR analysis
    Working Paper Series, European Central Bank View citations (447)
59. Uncertain Potential Output: Implications for Monetary Policy
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (24)
    Also in Working Papers, Quebec a Montreal - Recherche en gestion (2001) View citations (40)
    Working Paper Series, European Central Bank (2001) View citations (25)
    See also Journal Article in Journal of Economic Dynamics and Control (2003)

2000

60. OPTIMAL MONETARY POLICY IN AN OPEN ECONOMY
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (19)
61. What horizon for price stability
    Working Paper Series, European Central Bank View citations (97)

1998

62. Output gap uncertainty: does it matter for the Taylor rule?
    BIS Working Papers, Bank for International Settlements View citations (86)
    See also Journal Article in Empirical Economics (2002)

1997

63. Exchange Rate Regimes and the Expectations Hypothesis of the Term Structure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in BIS Working Papers, Bank for International Settlements (1997) View citations (10)
64. Financial Asset Prices and Monetary Policy: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (83)
    Also in BIS Working Papers, Bank for International Settlements (1997) View citations (91)
    See also Chapter (1997)
65. Measuring monetary policy shocks in France, Germany and Italy: The role of the exchange rate
    BIS Working Papers, Bank for International Settlements View citations (46)
    See also Journal Article in Swiss Journal of Economics and Statistics (SJES) (1997)
66. Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (54)
    Also in BIS Working Papers, Bank for International Settlements (1997) View citations (50)

1995

67. The Monetary Transmission Mechanism: Evidence from the G-7 Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (148)
    Also in BIS Working Papers, Bank for International Settlements (1995) View citations (142)
68. The Term Structure of Euro-Rates: Some Evidence in Support of the Expectations Hypothesis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in BIS Working Papers, Bank for International Settlements (1995) View citations (6)
    See also Journal Article in Journal of International Money and Finance (1997)

1994

69. Contagious Speculative Attacks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    Also in BIS Working Papers, Bank for International Settlements (1994) View citations (48)
    See also Journal Article in European Journal of Political Economy (1995)

Journal Articles

2021

1. Comment expliquer la faiblesse durable des taux directeurs dans la zone euro ?
   Revue d'économie financière, 2021, N° 144, (4), 47-60

2020

2. Structural Asymmetries and Financial Imbalances in the Eurozone
   Review of Economic Dynamics, 2020, 36, 73-102 View citations (7)
   See also Working Paper (2019)
   Working Paper (2017)
   Software Item (2019)

2018

3. Monetary and Fiscal Policy Interactions and the Labor Market
   International Journal of Central Banking, 2018, 14, (3), 153-165
4. The European Central Bank’s Monetary Policy during Its First 20 Years
   Brookings Papers on Economic Activity, 2018, 49, (2 (Fall)), 1-146 View citations (40)

2017

5. Monetary Policy in Uncertain Times: ECB Monetary Policy Since June 2014
   Manchester School, 2017, 85, (S2), e1-e15 View citations (21)

2016

6. Booms and Banking Crises
   Journal of Political Economy, 2016, 124, (2), 489 - 538 View citations (170)
   See also Working Paper (2016)
7. Slow recoveries: Any role for corporate leverage?
   Journal of Economic Dynamics and Control, 2016, 70, (C), 54-85 View citations (12)
   See also Working Paper (2016)

2015

8. Editor'S Choice Labour market adjustments and migration in Europe and the United States: how different?
   Economic Policy, 2015, 30, (84), 643-682 View citations (38)

2014

9. Financial Stability and Monetary Policy: How Closely Interlinked?
   International Journal of Central Banking, 2014, 10, (2), 263-300 View citations (251)
10. Professional forecasters and real-time forecasting with a DSGE model
    International Journal of Forecasting, 2014, 30, (4), 981-995 View citations (26)

2013

11. A monetary policy strategy in good and bad times: lessons from the recent past
    (Inflation persistence and price-setting behavior in the euro area – a summary of the IPN evidence)
    Economic Policy, 2013, 28, (74), 243-288 View citations (37)
    See also Working Paper (2011)
12. Convergence and divergence in government bond markets: implications for monetary policy
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013 View citations (1)

2012

13. Slow Recoveries: A Structural Interpretation
    Journal of Money, Credit and Banking, 2012, 44, 9-30 View citations (105)
    Also in Journal of Money, Credit and Banking, 2012, 44, (s2), 9-30 (2012) View citations (34)
    See also Working Paper (2012)
14. The determination of wages of newly hired employees: Survey evidence on internal versus external factors
    Labour Economics, 2012, 19, (5), 802-812 View citations (37)
    See also Working Paper (2011)
15. Unemployment in an Estimated New Keynesian Model
    NBER Macroeconomics Annual, 2012, 26, (1), 329 - 360 View citations (146)
    See also Working Paper (2012)
    Chapter (2011)

2010

16. Commetary: modeling inflation after the crisis
    Proceedings - Economic Policy Symposium - Jackson Hole, 2010, 221-234 View citations (1)
17. DSGE models and their use at the ECB
    SERIEs: Journal of the Spanish Economic Association, 2010, 1, (1), 51-65 View citations (41)
18. Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union
    Scandinavian Journal of Economics, 2010, 112, (4), 812-840 View citations (59)
19. Price Setting and Price Adjustment in Some European Union Countries
    EconStor Open Access Articles and Book Chapters, 2010, 63-66 View citations (18)
20. Price setting and price adjustment in some European Union Countries: introduction to the special issue
    Managerial and Decision Economics, 2010, 31, (2-3), 63-66 View citations (16)
    See also Working Paper (2010)
21. Some Macroeconomic and Monetary Policy Implications of New Micro Evidence on Wage Dynamics
    Journal of the European Economic Association, 2010, 8, (2-3), 506-513 View citations (13)
22. Uncertainty, Risk-taking, and the Business Cycle in Germany
    CESifo Economic Studies, 2010, 56, (4), 596-626 View citations (80)
23. Wage dynamics in Europe: some new findings
    Research Bulletin, 2010, 10, 2-5 View citations (1)

2009

24. Comment
    NBER International Seminar on Macroeconomics, 2009, 5, (1), 149 - 154
25. Imperfect information and the business cycle
    Journal of Monetary Economics, 2009, 56, (S), S38-S56 View citations (29)
    See also Working Paper (2010)

2008

26. Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium-Scale DSGE Model
    Journal of Money, Credit and Banking, 2008, 40, (2-3), 505-521 View citations (58)
    Also in Journal of Money, Credit and Banking, 2008, 40, (2‐3), 505-521 (2008) View citations (2)
    See also Working Paper (2008)
27. House prices and the stance of monetary policy
    Review, 2008, 90, (Jul), 339-366 View citations (140)
    See also Working Paper (2008)
28. On implications of micro price data for macro models
    Conference Series ; [Proceedings], 2008 View citations (32)
    See also Working Paper (2008)

2007

29. Housing is the business cycle: commentary
    Proceedings - Economic Policy Symposium - Jackson Hole, 2007, 235-243 View citations (1)
30. On the Fit of New Keynesian Models
    Journal of Business & Economic Statistics, 2007, 25, 123-143 View citations (383)
31. Rejoinder
    Journal of Business & Economic Statistics, 2007, 25, 159-162
32. Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
    American Economic Review, 2007, 97, (3), 586-606 View citations (3767)
    See also Working Paper (2007)
33. Transparency, Communication and Commitment
    International Journal of Central Banking, 2007, 3, (1)
34. US imbalances: The role of technology and policy
    Journal of International Money and Finance, 2007, 26, (4), 523-545 View citations (46)
    See also Working Paper (2007)

2006

35. Adaptive Learning, Persistence, and Optimal Monetary Policy
    Journal of the European Economic Association, 2006, 4, (2-3), 376-385 View citations (83)
    See also Working Paper (2006)
36. Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting
    International Journal of Central Banking, 2006, 2, (3) View citations (29)
    See also Working Paper (2006)
37. MONETARY POLICY OVER TIME
    Macroeconomic Dynamics, 2006, 10, (2), 207-229 View citations (15)
38. New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling
    Journal of the European Economic Association, 2006, 4, (2-3), 562-574 View citations (112)
    See also Working Paper (2005)
39. Price Shocks in General Equilibrium: Alternative Specifications
    CESifo Economic Studies, 2006, 52, (1), 153-176 View citations (19)
40. Staggered Pricing Models Face the Facts
    International Journal of Central Banking, 2006, 2, (3)

2005

41. Bayesian New Neoclassical Synthesis (NNS) Models: Modern Tools for Central Banks
    Journal of the European Economic Association, 2005, 3, (2-3), 422-433 View citations (24)
42. Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE Approach
    Journal of Applied Econometrics, 2005, 20, (2), 161-183 View citations (386)
    Also in Journal of Applied Econometrics, 2005, 20, (2), 161-183 (2005) View citations (15)
    See also Working Paper (2004)
43. Monetary policy and imperfect knowledge
    Research Bulletin, 2005, 2, 2-5 View citations (1)
44. The Industry Effects of Monetary Policy in the Euro Area
    Economic Journal, 2005, 115, (503), 319-342 View citations (175)
    See also Working Paper (2002)

2004

45. Comments on "Mark-up fluctuations and fiscal policy stabilisation in a monetary union"
    Journal of Macroeconomics, 2004, 26, (2), 377-379
46. Forecasting with a Bayesian DSGE Model: An Application to the Euro Area
    Journal of Common Market Studies, 2004, 42, (4), 841-867 View citations (124)
    See also Working Paper (2004)

2003

47. An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area
    Journal of the European Economic Association, 2003, 1, (5), 1123-1175 View citations (3316)
    See also Working Paper (2002)
48. Maintaining price stability: how long is the medium term?
    Journal of Monetary Economics, 2003, 50, (6), 1293-1309 View citations (121)
49. Persistence, The Transmission Mechanism And Robust Monetary Policy
    Scottish Journal of Political Economy, 2003, 50, (5), 527-549 View citations (65)
    See also Working Paper (2003)
50. Uncertain potential output: implications for monetary policy
    Journal of Economic Dynamics and Control, 2003, 27, (9), 1611-1638 View citations (100)
    See also Working Paper (2001)

2002

51. Determinants of the Effective Real Exchange Rate of the Synthetic Euro: Alternative Methodological Approaches
    Australian Economic Papers, 2002, 41, (4), 404-436 View citations (28)
52. Investment and monetary policy in the euro area
    Journal of Banking & Finance, 2002, 26, (11), 2111-2129 View citations (30)
    See also Working Paper (2001)
53. Monetary Policy, Price Stability and Output Gap Stabilization
    International Finance, 2002, 5, (2), 193-211 View citations (33)
54. Monetary policy in an estimated stochastic dynamic general equilibrium model of the Euro area
    Proceedings, 2002, (Mar) View citations (59)
55. Openness, imperfect exchange rate pass-through and monetary policy
    Journal of Monetary Economics, 2002, 49, (5), 947-981 View citations (287)
    See also Working Paper (2002)
56. Output gap uncertainty: Does it matter for the Taylor rule?
    Empirical Economics, 2002, 27, (1), 113-129 View citations (99)
    See also Working Paper (1998)

2000

57. MCIs and monetary policy
    European Economic Review, 2000, 44, (9), 1677-1700 View citations (72)
58. Price Level Stability: Some Issues
    National Institute Economic Review, 2000, 174, (1), 68-79 View citations (14)
    Also in National Institute Economic Review, 2000, 174, 68-79 (2000) View citations (13)

1999

59. Output gaps and monetary policy in the EMU area1
    European Economic Review, 1999, 43, (4-6), 801-812 View citations (133)
60. The Taylor Rule: A Useful Monetary Policy Benchmark for the Euro Area?
    International Finance, 1999, 2, (1), 85-116 View citations (162)
61. Uncertainty and the Taylor rule in a simple model of the Euro-area economy
    Proceedings, 1999 View citations (56)

1997

62. Commentaire de l'article de F. Barran, V. Coudert et B. Mojon
    Revue Française d'Économie, 1997, 12, (2), 159-176 View citations (1)
63. Measuring Monetary Policy Shocks in France, Germany and Italy: The Role of The Exchange Rate
    Swiss Journal of Economics and Statistics (SJES), 1997, 133, (III), 597-616 View citations (45)
    See also Working Paper (1997)
64. The term structure of Euro-rates: some evidence in support of the expectations hypothesis
    Journal of International Money and Finance, 1997, 16, (2), 305-321 View citations (93)
    See also Working Paper (1995)

1995

65. Contagious speculative attacks
    European Journal of Political Economy, 1995, 11, (1), 45-63 View citations (153)
    See also Working Paper (1994)

Books

2010

1. CNB Economic Research Bulletin: Wage Adjustment in Europe, vol 8
   Occasional Publications - Edited Volumes, Czech National Bank

2008

2. Commodities, Energy and Finance
   SUERF Studies, SUERF - The European Money and Finance Forum

Chapters

2019

1. Negative Interest Rates: Lessons from the Euro Area
   Chapter 02 in Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, 2019, vol. 26, pp 013-042 View citations (29)

2016

2. Challenges for Central Banks’ Macro Models
   Elsevier View citations (16)

2011

3. Unemployment in an Estimated New Keynesian Model
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 329-360 View citations (121)
   See also Working Paper (2012)
   Journal Article in NBER Macroeconomics Annual (2012)

2010

4. Inflation Expectations, Adaptive Learning and Optimal Monetary Policy
   Chapter 19 in Handbook of Monetary Economics, 2010, vol. 3, pp 1055-1095 View citations (20)

2009

5. Comment on "Reflections on Monetary Policy in the Open Economy"
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 149-154

2007

6. International Transmission and Monetary Policy Cooperation
   A chapter in International Dimensions of Monetary Policy, 2007, pp 157-192 View citations (68)
   See also Working Paper (2008)

2005

7. Welfare analysis of non-fundamental asset price and investment shocks: implications for monetary policy
   A chapter in Investigating the relationship between the financial and real economy, 2005, vol. 22, pp 146-65 View citations (2)
   See also Working Paper (2004)

1997

8. Financial-asset Prices and Monetary Policy: Theory and Evidence
   A chapter in Monetary Policy and Inflation Targeting, 1997 View citations (74)
   See also Working Paper (1997)

Software Items

2019

1. Code and data files for "Structural Asymmetries and Financial Imbalances in the Eurozone"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)

Editor

1. International Journal of Central Banking
   International Journal of Central Banking