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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

73: An international analysis of earnings, stock prices and bond yields

Alain Durré and Pierre Giot

72: Liquidity risk in securities settlement

Johan Devriese and Janet Mitchell

70: Measuring inflation persistence: a structural time series approach

Maarten Dossche and Gerdie Everaert

68: Noname - A new quarterly model for Belgium

Philippe Jeanfils and Koen Burggraeve

67: Indirect effects - a formal definition and degrees of dependency as an alternative to technical coefficients

François Coppens

66: Time-dependent versus State-dependent Pricing: A Panel Data Approach to the Determinants of Belgian Consumer Price Changes

Luc Aucremanne and Emmanuel Dhyne

65: Price-setting behaviour in Belgium: what can be learned from an ad hoc survey ?

Luc Aucremanne and Martine Druant

63: Asymetric growth and inflation developments in the acceding countries: a new assessment

Stefaan Ide and Philippe Moës

62: Voting on pensions: a survey

Grégory de Walque

61: Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE approach

Frank Smets and Raf Wouters

60: Forecasting with a Bayesian DSGE Model: an application to the euro area

Frank Smets and Raf Wouters

58: Macroeconomic and monetary policy-making at the EC, from the Rome Treaties to the Hague Summit

Ivo Maes

57: Determinants of Euro Term Structure of Credit Spreads

Astrid Van Landschoot

55: Liquidity and Financial Market Stability

Maureen O'Hara

54: Regulating Financial Conglomerates

Xavier Freixas, Gyongyi Loranth, Alan Morrison and Hyun Song Shin

53: Does Financial Liberalization Spur Growth?

Geert Bekaert, Campbell Harvey and Christian Lundblad

52: The Efficiency and Stability of Banks and Markets

Franklin Allen

51: Basel II and Operational Risk: Implications for risk measurement and management in the financial sector

Ariane Chapelle, Yves Crama, Georges Hübner and Jean-Philippe Peeters

50: Financial consolidation and liquidity: prudential regulation and/or competition policy?

Patrick Van Cayseele

49: How does liquidity react to stress periods in a limit order market?

Helena Beltran, Alain Durré and Pierre Giot

48: Sectoral vs. country diversification benefits and downside risk

Marina Emiris

47: The Determinants of Pass-Through of Market Conditions to Bank Retail Interest Rates in Belgium

Ferre De Graeve, Olivier De Jonghe and Rudi Vander Vennet

46: SMEs and Bank Lending Relationships: the Impact of Mergers

Hans Degryse, Nancy Masschelein and Janet Mitchell

45: Firms' investment decisions in response to demand and price uncertainty

Catherine Fuss and Philip Vermeulen

44: How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI

Luc Aucremanne and Emmanuel Dhyne

43: Interbank exposures: an empirical examination of systemic risk in the Belgian banking system

Hans Degryse and Grégory Nguyen

42: Modeling the Term Structure of Interest Rates: Where Do We Stand?

Konstantijn Maes

40: The process of European monetary integration: a comparison of the Belgian and Italian approaches

Ivo Maes and Lucia Quaglia

36: 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

Koen Burggraeve and Philip Du Caju

35: An estimated dynamic stochastic general equilibrium model of the euro area

Frank Smets and Raf Wouters