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138: The efficiency frontier as a method for gauging the performance of public expenditure: a Belgian case study

Bruno Eugène

136: Multivariate structural time series models with dual cycles: implications for measurement of output gap and potential growth

Philippe Moës

135: Imperfect exchange rate pass-through: the role of distribution services and variable demand elasticity

Philippe Jeanfils

133: Short-term forecasting of GDP using large monthly datasets – A pseudo real-time forecast evaluation exercise

Karim Barhoumi, Szilard Benk, Riccardo Cristadoro, Ard Reijer, A. Jakaitiene, P. Jelonek, António Rua, K. Ruth, C. Van Nieuwenhuyze and Gerhard Rünstler

132: Searching for additional sources of inflation persistence: the micro-price panel data approach

Rafal Raciborski

131: Do survey indicators let us see the business cycle ? A frequency decomposition

Luc Dresse and Christophe Van Nieuwenhuyze

130: Job creation, job destruction and firms’ international trade involvement

Mauro Pisu

129: Estimation of monetary policy preferences in a forward-looking model: a Bayesian approach

Pelin Ilbas

128: Exports and productivity – comparable evidence for 14 countries

The International Study Group on Exports and Productivity and Mauro Pisu

127: How do firms adjust their wage bill in Belgium ? A decomposition along the intensive and extensive margins

Catherine Fuss

126: Some evidence on late bidding in eBay auctions

Ladislav Wintr

124: Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure

Philip Du Caju, Catherine Fuss and Ladislav Wintr

123: Failure prediction models: performance, disagreements, and internal rating systems

Janet Mitchell and Patrick Van Roy

121: Dynamic order submission strategies with competition between a dealer market and a crossing network

Hans Degryse, Mark Van Achter and Gunther Wuyts

119: The determinants of stock and bond return comovements

Lieven Baele, Geert Bekaert and Koen Inghelbrecht

118: The performance of credit rating systems in the assessment of collateral used in Eurosystem monetary policy operations

François Coppens, Fernando Gonzáles and Gerhard Winkler

117: Can Excess Liquidity Signal an Asset Price Boom?

Annick Bruggeman

116: Temporal Distribution of Price Changes: Staggering in the Large and Synchronization in the Small

Emmanuel Dhyne and Jerzy Konieczny

114: Imports and Exports at the Level of the Firm: Evidence from Belgium

Mirabelle Muûls and Mauro Pisu

113: The spread of Keynesian economics: a comparison of the Belgian and Italian experiences

Ivo Maes

112: Assessing the Gap between Observed and Perceived Inflation in the Euro Area: Is the Credibility of the HICP at Stake ?

Luc Aucremanne, Marianne Collin and Thomas Stragier

111: Price setting in the euro area: some stylised facts from individual producer price data

Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini and Harald Stahl

109: Shocks and Frictions in US Business Cycles: a Bayesian DSGE Approach

Frank Smets and Raf Wouters

108: Investment-Specific Technology Shocks and Labor Market Frictions

Reinout De Bock

105: Sector Concentration in Loan Portfolios and Economic Capital

Klaus Düllmann and Nancy Masschelein

104: Exploring the CDS-Bond Basis

Jan De Wit

103: Macroeconomic fluctuations and firm entry: theory and evidence

Vivien Lewis

102: Fiscal sustainability indicators and policy design in the face of ageing

Geert Langenus

100: Lumpy price adjustments: a microeconometric analysis

Emmanuel Dhyne, Catherine Fuss, Mohammad Pesaran and Patrick Sevestre

99: The kinked demand curve and price rigidity: evidence from scanner data

Maarten Dossche, Freddy Heylen and Dirk Van den Poel

98: Dynamics and monetary policy in a fair wage model of the business cycle

David de la Croix, Grégory de Walque and Raf Wouters

97: Nominal wage rigidities in a new Keynesian model with frictional unemployment

Vincent Bodart, Grégory de Walque, Olivier Pierrard, Henri Sneessens and Raf Wouters

96: How wages change: micro evidence from the International Wage Flexibility Project

William T. Dickens, Lorenz Goette, Erica Groshen, Steinar Holden, Julian Messina, Mark Schweitzer, Jarkko Turunen and Melanie E. Ward

95: Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence

Filippo Altissimo, Michael Ehrmann and Frank Smets

94: Simulation, estimation and welfare implications of monetary policies in a 3-country NOEM model

Joseph Plasmans, Tomasz Michalak and Jorge Fornero

93: Price and wage setting in an integrating Europe: firm level evidence

Filip Abraham, Jozef Konings and Stijn Vanormelingen

92: A new Keynesian model with unemployment

Olivier Blanchard and Jordi Galí

91: The dynamics of trade and competition

Natalie Chen, Jean Imbs and Andrew Scott

90: Industry wage differentials, unobserved ability, and rent-sharing: Evidence from matched worker-firm data, 1995-2002

Robert Plasman, Francois Rycx and Ilan Tojerow

89: The production function approach to the Belgian output gap, Estimation of a Multivariate Structural Time Series Model

Philippe Moës

88: The term structure of interest rates in a DSGE model

Marina Emiris

87: The response of firms\u2019 investment and financing to adverse cash flow shocks: the role of bank relationships

Catherine Fuss and Philip Vermeulen

85: Firm-specific production factors in a DSGE model with Taylor price setting

Grégory de Walque, Frank Smets and Raf Wouters

83: A multi-factor model for the valuation and risk managment of demand deposits

Hans Dewachter, Marco Lyrio and Konstantijn Maes

82: The patterns and determinants of price setting in the Belgian industry

David Cornille and Maarten Dossche

80: A generalised dynamic factor model for the Belgian economy - Useful business cycle indicators and GDP growth forecasts

Christophe Van Nieuwenhuyze

79: Is there a difference between solicited and unsolicited bank ratings and if so, why ?

Patrick Van Roy

77: Income uncertainty and aggregate consumption

L. Pozzi

76: The pricing behaviour of firms in the euro area: new survey evidence

Silvia Fabiani, M. Druant, Ignacio Hernando, C. Kwapil, B. Landau, Claire Loupias, Fernando Martins, Thomas Mathä, Roberto Sabbatini, Harald Stahl and Ad Stokman

74: Price setting in the euro area: Some stylized facts from Individual Consumer Price Data

Emmanuel Dhyne, Luis Alvarez, Hervé Le Bihan, Giovanni Veronese, Daniel Dias, Johannes Hoffmann, Nicole Jonker, Patrick Lünnemann, Fabio Rumler and Jouko Vilmunen