The overview below contains only publications with an official UGent affiliation.

Forthcoming

• Albuquerque, B.F. and G. Krustev, 2017, "Debt Overhang and Deleveraging in the US Household Sector: Gauging the Impact on Consumption", forthcoming in Review of Income and Wealth.
• Bernardini, M. and G. Peersman, "Private debt overhang and the government spending multiplier: Evidence for the United States", forthcoming in Journal of Applied Econometrics.
• Boone, B. and F. Heylen, “Cross-country Differences in Unemployment: Fiscal Policy, Unions, and Household Preferences in General Equilibrium”, forthcoming in Scandinavian Journal of Economics.
• Everaert, G. and S. Jansen, "On the Estimation of Panel Fiscal Reaction Functions: Heterogeneity or Fiscal Fatigue?'', forthcoming in Economic Modelling.
• Quaghebeur, E., "Learning and the Size of the Government Spending Multiplier", forthcoming in Macroeconomic Dynamics.

2018

• Everaert, G. and M. Iseringhausen, 2018, "Measuring the International Dimension of Output Volatility'', Journal of International Money and Finance,  81, 20-39.

2017

• Albuquerque, B.F. and U. Baumann, 2017, "Will US inflation awake from the dead? The role of slack and non-linearities in the Phillips curve", Journal of policy modeling, 39(2), 247 - 271.
• Boeckx, J., M. Dossche and G. Peersman, 2017, "Effectiveness and transmission of the ECB's balance sheet policies", International Journal of Central Banking, 13(1), 297-333.
• Buyse, T. , F. Heylen and R. Van de Kerckhove, 2017, "Pension reform in an OLG model with heterogeneous abilities", Journal of Pension Economics and Finance, 16, 144–172. 
• Everaert, G., L. Pozzi and R. Schoonackers, 2017, "On the Stability of the Excess Sensitivity of Aggregate Consumption Growth in the USA", Journal of Applied Econometrics, 32, 819-840.
• Hofman, B. and G. Peersman, 2017, "Is there a debt service channel of monetary transmission?", BIS Quarterly Review, December, 23-37.
• Ruth, S.K., 2017, "State-Dependent Monetary Policy Transmission and Financial Market Tensions", Economics Letters, 157, 56-61.
• Vierke, H. and T. Berger, 2017, "Estimating the Natural Rate of Hours", Macroeconomic Dynamics, 21(6), 1426-1453.

2016

• Albuquerque, B.F., Baumann, U. and F. Seitz, 2016, "What does money and credit tell us about real activity in the United States?", North American Journal of Economics and Finance, 37, 328-347.
• Berger, T., G. Everaert. and H. Vierke, 2016, "Testing for time variation in an unobserved components model for the U.S. economy", Journal of Economic Dynamics & Control, 69, 179-208.
• De Winne, J. and G. Peersman, 2016, "Macroeconomic effects of disruptions in global food commodity markets: Evidence for the United States", Brookings Papers on Economic Activity, 47(2), 183-286.
• Everaert, G. and T. De Groote, 2016, “Common Correlated Effects Estimation of Dynamic Panels with Cross-Sectional Dependence”, Econometric Reviews, 35(3), 428-463.
• Everaert, G. and H. Vierke, 2016, "Demographics and Business Cycle Volatility: A Spurious Relationship?", Journal of Applied Econometrics, 31, 1467-1477.
• Mayer, E., S.K. Rüth and J. Scharler, 2016, "Total Factor Productivity and the Propagation of Shocks: Empirical Evidence and Implications for the Business Cycle", Journal of Macroeconomics, 50(C), 335-346.

2015

• Albuquerque, B.F., Baumann, U. and F. Seitz, 2015, "US household deleveraging following the Great Recession - a model-based estimate of equilibrium debt", The B.E. Journal of Macroeconomics, 15(1), 255-307.
• De Schryder S. and G. Peersman, "The U.S. dollar exchange rate and the demand for oil", Energy Journal, 2015, 36(3), p 91-113.
• De Vos, I., G. Everaert and I. Ruyssen, 2015, "Bootstrap-based bias correction and inference for dynamic panels with fixed effects", Stata Journal, 15(4), 986-1018.
• Everaert, G., F. Heylen and R. Schoonackers, 2015, "Fiscal policy and TFP in the OECD: measuring direct and indirect effects", Empirical Economics, 49(2), 605-640.
• Isebaert, D., Heylen, F. and C. Smolders, 2015, "Houses and/or jobs: ownership and the labour market in Belgian districts", Regional Studies, 2015, 49, 1387-1406.
• Lewis, V. and A. Stevens, 2014, "Entry and markup dynamics in an estimated business cycle model", European Economic Review, 74, 14-35.

2014

• Baert, S., Heylen, F. and D. Isebaert, 2014, "Does homeownership lead to longer unemployment spells? The role of mortgage payments", De Economist, 162, 263-286.
• Everaert, G., 2014, “A Panel Analysis of the Fisher Effect with an Unobserved I(1) World Real Interest Rate”, Economic Modelling, 41, 198-210.
• Everaert, G. and L. Pozzi, 2014, “The Predictability of Aggregate Consumption Growth in OECD Countries: A Panel Data Analysis”, Journal of Applied Econometrics, 29(3), 431-453.
• Gambacorta, L., B. Hofmann and G. Peersman, 2014, "Effectiveness of unconventional monetary policy at the zero lower bound: a cross-country analysis", Journal of Money, Credit and Banking, 46(4), 615-642.
• Jacob, P.,  2014, "Deep Habits, Price Rigidities and the Consumption Response to Government Spending", Journal of Money, Credit and Banking, 47(2-3), 481-509.
• Ruyssen, I., G. Everaert and G. Rayp, 2014,  “Determinants and Dynamics of Migration to OECD Countries in a Three-Dimensional Panel Framework”, Empirical Economics, 46(1), 175-197.
• Verhelst, B. and D. Van den Poel, 2014, "Deep habits in consumption: a spatial panel analysis using scanner data", Empirical Economics, 47(3), 959-976.

2013

• Baumeister, C. and G. Peersman, 2013, "Time-varying effects of oil supply shocks on the U.S. economy", American Economic Journal: Macroeconomics,  5(4), 1-28.
• Baumeister, C. and G. Peersman, 2013, "The role of time-varying price elasticities in accounting for volatility changes in the crude oil market", Journal of Applied Econometrics, 28(7), 1087-1109.

• Berger, T. and G. Everaert, 2013, "Is the Impact of Labour Taxes on Unemployment Asymmetric?", Macroeconomic Dynamics, 17, 143-154.

• Buyse, T., Heylen, F. and R. Van de Kerckhove, 2013, “Pension reform, employment by age, and long-run growth”, Journal of Population Economics, 26(2), 769-809.

• Carrillo, J. and C. Poilly, 2013, How do financial frictions affect the spending multiplier during a liquidity trap?", Review of Economic Dynamics, 16, 296-311.

• Everaert, G., 2013, “Orthogonal to Backward Mean Transformation for Dynamic Panel Data Models”, The Econometrics Journal, 16(2), 179-221.
• Heylen, F. and R. Van de Kerckhove, 2013, "Employment by age, education, and economic growth: effects of fiscal policy composition in general equilibrium", B.E. Journal of Macroeconomics (Advances), vol. 13.
• Heylen, F., Hoebeeck, A. and T. Buyse, 2013, “Fiscal consolidation, institutions and institutional reform: a multivariate analysis of public debt dynamic”, European Journal of Political Economy, 31, 40-59.
• Jacob, P. and G. Peersman, 2013, "Dissecting the Dynamics of the US Trade Balance in an Estimated Equilibrium Model", Journal of International Economics, 90(2), 302-315.

• Lewis, V., 2013, "Optimal monetary policy and firm entry", Macroeconomic Dynamics, 17(8), 1687-1710.

2012

• Carrillo, J.,  2012, "How well does sticky information explain the dynamics of inflation, output, and real wages?", Journal of Economic Dynamics & Control, 36, 830-850.

• Gerke, R., F. Hammermann and V. Lewis, 2012, "Robust monetary policy in a model with financial distress", Journal of Macroeconomics, 34(2), 318-325.

• Hofmann, B., G. Peersman and R. Straub, 2012, "Time variation in U.S. wage dynamics", Journal of Monetary Economics, 59(8), 769-783.
• Peersman, G. and I. Van Robays, 2012, "Cross-country differences in the effects of oil shocks", Energy Economics, 34(5), 1532-1547.

2011

• Albuquerque, B.F., 2011, "Fiscal institutions and public spending volatility in Europe", Economic Modelling, 28(6), 2544-2559.
• Berger, T. and F. Heylen, 2011, "Differences in hours worked in the OECD: institutions or fiscal policies?", Journal of Money, Credit and Banking, 43, 1333-1369.

• Boulhol, H., S. Dobbelaere and S. Maioli, 2011, "Imports as product and labour market discipline", British Journal of Industrial Relations, 49(2), 331-361.

• Peersman, G., 2011, "The relative importance of symmetric and asymmetric shocks: the case of United Kingdom and Euro area", Oxford Bulletin of Economics and Statistics, 73(1), 101-118.

2010

• Baumeister, C., G. Peersman and I. van Robays, 2010, "The economic consequences of oil shocks: differences across countries and time", In Fry, Jones and Kent (eds), Inflation in an era of relative price shocks, Reserve Bank of Australia, p 91-128.
• Berger, T. and G. Everaert, 2010, “Labour Taxes and Unemployment: Evidence from a Panel Unobserved Component Model”, Journal of Economic Dynamics & Control, 34(3), 354-364.
• Dossche, M., F. Heylen and D. Van den Poel, 2010, "The kinked demand curve and price rigidity. Evidence from scanner data", The Scandinavian Journal of Economics, 112(4), 723-752.
• Everaert, G., 2010, "Estimation and Inference in Time Series with Omitted I(1) Variables", Journal of Time Series Econometrics, 2(2).

2009

• Benavente, J. M., S. Dobbelaere and J. Mairesse, 2009, "Interaction between product market and labour market power: evidence from France, Belgium and Chile", Applied Economic Letters, 16(6), 573-577.

• Berger, T. and G. Everaert, 2009, "A replication note on unemployment in the OECD since the 1960s: What do we know?", Empirical Economics, 36(2), 479-485.
• Collard, F., H. Dellas and F. Smets, 2009, "Imperfect information and the business cycle", Journal of Monetary Economics, 56, S38-S56.
• Dhont, T., and F. Heylen, 2009, "Employment and growth in Europe and the US: the role of fiscal policy composition", Oxford Economic Papers, 61, 538-565.

• Lewis, V., 2009, "Business Cycle Evidence on Firm Entry", Macroeconomic Dynamics, 13(5), 605-624.

• Lewis, V. and A. Mankiewicz, 2009, "Model misspecification, learning and the exchange rate disconnect puzzle", BE Journal of Macroeconomics, 9(1), 13-24.

• Peersman, G. and R. Straub, 2009, "Technology shocks and robust sign restrictions in a Euro area SVAR", International Economic Review, 50(3), 727-750.
• Peersman, G. and I. Van Robays, 2009, "Oil and the Euro area economy", Economic Policy, 2009, 24(Oct), 603-651.

 2008

• Berger, T. and G. Everaert, 2008, "Unemployment Persistence and the NAIRU: A Bayesian Approach", Scottisch Journal of Political Economy, 55(3), 282-299.
• De Graeve, F., 2008, "The external finance premium and the macroeconomy: US post-WWII evidence", Journal of Economic Dynamics & Control, 32(11), 3415-3440.
• Dhont, T., and F. Heylen, 2008, "Why do Europeans work (much) less? It is taxes and government spending", Economic Inquiry, 46(2), 197-207.
• Olyslager, F., L. Meert, L. and K. Cools, 2008, "The fast multipole method in electromagnetics applied to the simulation of metamaterials", Journal of Computational and Applied Mathematics, 215(2), 528-537.
• Peersman, G. and L. Pozzi, 2008, "Business cycle fluctuations and excess sensitivity of private consumption", Economica, 75, 514-523.
• Sahuc, J. G. and F. Smets, 2008, "Differences in interest rate policy at the ECB and the fed: An investigation with a medium-scale DSGE mode", Journal of Money Credit and Banking, 40(2-3), 505-521.

2007

• Everaert, G. and L. Pozzi, 2007, "Bootstrap-Based Bias Correction for Dynamic Panels", Journal of Economic Dynamics & Control, 31, 1160-1184.
• Heylen, F. and L. Pozzi, 2007, "Crises and human capital accumulation", Canadian Journal of Economics, 40, 1261-1285.

• Smets, F., and R. Wouters, 2007, "Shocks and frictions in US business cycles: A Bayesian DSGE approach", American Economic Review, 97(3), 586-606.

2006

•  Farrant, K. and G. Peersman, 2006, "Is the exchange rate a shock absorber or source of shocks? New empirical evidence", Journal of Money, Credit and Banking, 38, 939-962.

2005

• Peersman, G., 2005, "What caused the early millennium slowdown? Evidence based on vector autoregressions", Journal of Applied Econometrics, 20, 185-207.
• Peersman, G. and F. Smets, 2005, "The industry effects of monetary policy in the Euro area", Economic Journal, 115(April), 319-342.

2004

• Everaert, G. and F. Heylen, 2004, “Public capital and long-run labour market performance in Belgium”, Journal of Policy Modeling, 26, 95-112.
• Hughes Hallett, A., G. Peersman and L. Piscitelli, 2004, "Investment under monetary uncertainty: a panel data investigation", Empirica, 31(2), 137-162.
• Peersman, G., 2004, "The transmission of monetary policy in the Euro area: Are the effects different across countries?",Oxford Bulletin of Economics and Statistics, 66(3), 285-308.
• Pozzi, L., F. Heylen and M. Dossche, 2004, "Government debt and the excess sensitivity of private consumption to current income: an empirical analysis for OECD countries", Economic Inquiry, 42, 618-633.

2003

• Everaert, G., 2003, “Balanced growth and public capital: an empirical analysis with I(2)-trends in capital stock data”, Economic Modelling, 20, 741-76.
• Mojon, B. and G. Peersman, 2003, "A VAR description of the effects of monetary policy in the individual countries of the Euro area", In Angeloni, Kashyap and Mojon (eds), Monetary policy transmission in the Euro area, Cambridge University Press, chapter 3, p 56-74.
• Peersman, G. and F. Smets, 2003, "The monetary transmission mechanism in the Euro area: more evidence from VAR analysis", In Angeloni, Kashyap and Mojon (eds), Monetary policy transmission in the Euro area, Cambridge University Press, chapter 2, p 36-55.

2002

• Peersman, G. and F. Smets, 2002, "Are the effects of monetary policy in the Euro area greater in recessions than in booms?", In Mahadeva and Sinclair (eds), Monetary transmission in diverse economies, Cambridge University Press, p 28-48.
• Peersman, G., 2002, "Monetary policy and long term interest rates in Germany", Economics Letters, 77(2), 271-278.

2001

• Everaert, G., 2001, “Infrequent Large Shocks to Unemployment: New Evidence on Alternative Persistence Perspectives”, Labour: Review of Labour Economics and Industrial Relations, 15, 555-577.
• Everaert, G. and F. Heylen, 2001, “Public Capital and Productivity Growth: Evidence for Belgium 1953-1996,” Economic Modelling, 18, 97-116.

2000

• Heylen, F. and G. Everaert, 2000, “Success and failure of fiscal consolidation in the OECD: a multivariate analysis,” Public Choice, 105, 103-124.

1999

• Peersman, G. and F. Smets, 1999, "The Taylor rule: A useful monetary policy benchmark for the Euro area?", International Finance, 2(1), 85-116.

1996

• Heylen, F. and A. Van Poeck, 1996, "Central bank independence: only part of the inflation story", De Economist, 144(1), 45-61.
• Heylen, F., L. Goubert and E. Omey, 1996, "Unemployment in Europe: a problem of relative or aggregate demand for labour?", International Labour Review, 135(1), 17-36.

1995

• Heylen, F. and A. Van Poeck, 1995, "National labour market institutions and the European Economic and Monetary Integration process", Journal of Common Market Studies, 33(4), 573-595.
• Heylen, F., 1995, "Institutions and the rise of taxes on labour in the OECD", Weltwirtschaftliches Archiv, 131(4), 623-654.
• Heylen, F., A. Van Poeck and J. Van Gompel, 1995, "Real versus nominal convergence. National labour markets and the European integration process", Labour, 9(1), 97-119.
• Heylen, F., 1993, "Labour market structures, labour market policy and wage formation in the OECD", Labour, 7(2), 25-51.