Details about Raf Wouters

Access statistics for papers by Raf Wouters.

Last updated 2020-10-25. Update your information in the RePEc Author Service.

Short-id: pwo72

Working Papers

2020

1. Low pass-through and high spillovers in NOEM: What does help and what does not
   Working Paper Research, National Bank of Belgium View citations (1)

2019

2. A macroeconomic model with heterogeneous and financially-constrained intermediaries
   Working Paper Research, National Bank of Belgium

2017

3. An estimated two-country EA-US model with limited exchange rate pass-through
   Working Paper Research, National Bank of Belgium View citations (21)

2016

4. 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)

2013

5. 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

6. Endogenous risk in a DSGE model with capital-constrained financial intermediaries
   Working Paper Research, National Bank of Belgium View citations (15)
   See also Journal Article in Journal of Economic Dynamics and Control (2014)
7. 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)
   NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (105)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2012) View citations (106)
   See also Journal Article in Journal of Money, Credit and Banking (2012)
8. Unemployment in an Estimated New Keynesian Model
   NBP Working Papers, Narodowy Bank Polski View citations (156)
   Also in Working Papers, Barcelona School of Economics (2011) View citations (210)
   2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (15)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (209)
   NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (210)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2011) View citations (210)
   2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (209)
   See also Chapter (2011)
   Journal Article in NBER Macroeconomics Annual (2012)

2010

9. Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model
   Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (25)
   Also in DEM Discussion Paper Series, Department of Economics at the University of Luxembourg (2009) View citations (2)
   Working Paper Research, National Bank of Belgium (2008) View citations (3)
   See also Journal Article in Journal of Economic Dynamics and Control (2010)

2009

10. Estimating a medium–scale DSGE model with expectations based on small forecasting models
    2009 Meeting Papers, Society for Economic Dynamics View citations (10)
11. Learning in an Estimated Medium-Scale DSGE Model
    CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague View citations (20)
    See also Journal Article in Journal of Economic Dynamics and Control (2012)
12. Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (18)
    Also in Working Paper Series, European Central Bank (2009) View citations (17)
    BCL working papers, Central Bank of Luxembourg (2008) View citations (5)
    Working Paper Research, National Bank of Belgium (2009) View citations (19)
    See also Journal Article in Annals of Economics and Statistics (2009)

2007

13. Dynamics and monetary policy in a fair wage model of the business cycle
    Working Paper Series, European Central Bank View citations (5)
    Also in Working Paper Research, National Bank of Belgium (2006) View citations (5)
    Discussion Papers (ECON - Département des Sciences Economiques), Université catholique de Louvain, Département des Sciences Economiques (2006) View citations (7)
    LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (2006) View citations (5)
14. Learning dynamics in an estimated medium-sized DSGE model
    2007 Meeting Papers, Society for Economic Dynamics View citations (5)
15. Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3565)
    Also in Working Paper Series, European Central Bank (2007) View citations (4130)
    Working Paper Research, National Bank of Belgium (2007) View citations (3649)
    See also Journal Article in American Economic Review (2007)

2006

16. Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting
    MPRA Paper, University Library of Munich, Germany View citations (28)
    Also in Working Paper Series, European Central Bank (2006) View citations (30)
    Working Paper Research, National Bank of Belgium (2006) View citations (29)
    See also Journal Article in International Journal of Central Banking (2006)
17. Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (26)
    Also in Working Paper Research, National Bank of Belgium (2006) View citations (25)

2005

18. 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 (30)
19. Price setting in General Equilibrium: Alternative Specifications
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (12)

2004

20. 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 (68)
    Also in Working Paper Research, National Bank of Belgium (2004) View citations (46)
    Working Paper Series, European Central Bank (2004) View citations (54)
    See also Journal Article in Journal of Applied Econometrics (2005)
21. Forecasting with a Bayesian DSGE Model: An Application to the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (125)
    Also in Working Paper Research, National Bank of Belgium (2004) View citations (120)
    Working Paper Series, European Central Bank (2004) View citations (129)
    See also Journal Article in Journal of Common Market Studies (2004)
22. 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

23. Output gaps:theory versus practice
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (8)

2002

24. An estimated dynamic stochastic general equilibrium model of the euro area
    Working Paper Research, National Bank of Belgium View citations (154)
    See also Journal Article in Journal of the European Economic Association (2003)
25. An estimated stochastic dynamic general equilibrium model of the euro area
    Working Paper Series, European Central Bank View citations (55)
26. Openness, imperfect exchange rate pass-through and monetary policy
    Working Paper Research, National Bank of Belgium View citations (287)
    Also in Working Paper Series, European Central Bank (2002) View citations (315)
    See also Journal Article in Journal of Monetary Economics (2002)
27. Output and interest rate gaps: Theory versus practice
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (3)

2001

28. Determinanten van de debetrentes toegepast door Belgische kredietinstellingen
    Working Paper Document, National Bank of Belgium View citations (1)

2000

29. Model-Based Forecasts and Monetary Policy Rules
    Working Papers, Warwick - Development Economics Research Centre View citations (1)
30. Model-based inflation forecasts and monetary policy rules
    Working Paper Research, National Bank of Belgium View citations (8)
31. OPTIMAL MONETARY POLICY IN AN OPEN ECONOMY
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (19)

Journal Articles

2016

1. The transmission mechanism of new and traditional instruments of monetary and macroprudential policy
   Economic Review, 2016, (iii), 105-117

2014

2. Endogenous risk in a DSGE model with capital-constrained financial intermediaries
   Journal of Economic Dynamics and Control, 2014, 43, (C), 241-268 View citations (29)
   See also Working Paper (2012)
3. Professional forecasters and real-time forecasting with a DSGE model
   International Journal of Forecasting, 2014, 30, (4), 981-995 View citations (29)

2012

4. Endogenous financial risk: The seventh international conference of the NBB
   Economic Review, 2012, (iii), 135-146
5. Learning in a Medium-Scale DSGE Model with Expectations Based on Small Forecasting Models
   American Economic Journal: Macroeconomics, 2012, 4, (2), 65-101 View citations (88)
6. Learning in an estimated medium-scale DSGE model
   Journal of Economic Dynamics and Control, 2012, 36, (1), 26-46 View citations (81)
   See also Working Paper (2009)
7. 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)
8. Unemployment in an Estimated New Keynesian Model
   NBER Macroeconomics Annual, 2012, 26, (1), 329 - 360 View citations (156)
   See also Chapter (2011)
   Working Paper (2012)

2010

9. Risk premiums and macroeconomic dynamics in a heterogeneous agent model
   Journal of Economic Dynamics and Control, 2010, 34, (9), 1680-1699 View citations (25)
   See also Working Paper (2010)

2009

10. A NOTE ON INFLATION PERSISTENCE IN A FAIR WAGE MODEL OF THE BUSINESS CYCLE
    Macroeconomic Dynamics, 2009, 13, (5), 673-684 View citations (17)
11. A structural decomposition of the US yield curve
    Journal of Monetary Economics, 2009, 56, (4), 545-559 View citations (66)
12. Sequential Bargaining in a Neo-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiations
    Annals of Economics and Statistics, 2009, (95-96), 223-250 View citations (21)
    See also Working Paper (2009)

2007

13. On the Fit of New Keynesian Models
    Journal of Business & Economic Statistics, 2007, 25, 123-143 View citations (393)
14. Rejoinder
    Journal of Business & Economic Statistics, 2007, 25, 159-162
15. Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
    American Economic Review, 2007, 97, (3), 586-606 View citations (4072)
    See also Working Paper (2007)

2006

16. Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting
    International Journal of Central Banking, 2006, 2, (3) View citations (31)
    See also Working Paper (2006)
17. Price Shocks in General Equilibrium: Alternative Specifications
    CESifo Economic Studies, 2006, 52, (1), 153-176 View citations (19)

2005

18. 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)
19. 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 (393)
    See also Working Paper (2004)

2004

20. Economic cycles in the United States and in the euro area: determinants, scale and linkages
    Economic Review, 2004, (iii), 59-82
21. Forecasting with a Bayesian DSGE Model: An Application to the Euro Area
    Journal of Common Market Studies, 2004, 42, (4), 841-867 View citations (126)
    See also Working Paper (2004)

2003

22. An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area
    Journal of the European Economic Association, 2003, 1, (5), 1123-1175 View citations (3586)
    See also Working Paper (2002)

2002

23. Monetary policy in an estimated stochastic dynamic general equilibrium model of the Euro area
    Proceedings, 2002, (Mar) View citations (59)
24. Openness, imperfect exchange rate pass-through and monetary policy
    Journal of Monetary Economics, 2002, 49, (5), 947-981 View citations (292)
    See also Working Paper (2002)

1997

25. Interest rates and household absorption in Belgium
    Journal of Policy Modeling, 1997, 19, (2), 129-152

Chapters

2016

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

2011

2. Unemployment in an Estimated New Keynesian Model
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 329-360 View citations (123)
   See also Working Paper (2012)
   Journal Article in NBER Macroeconomics Annual (2012)

2005

3. 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)