I am a macroeconomist working in the Economics and Research section of the Central Bank of Luxembourg.
This website contains information about my research.
You can find my CV here.
Research Profiles
Working Papers
Measuring Business Cycles using VARs, with Patrick Fève.
TSE Working Paper 1673, 2025. Replication code.
Total Factor Productivity and the Measurement of Neutral Technology.
MPRA Paper 99357, 2020. TFP datafile.
[The 2021 EER and 2023 AEL papers below supersede this one. I leave it online for reference and for the TFP datafile.]
Publications
Frictionless House-Price Momentum, with Patrick Fève.
Journal of Economic Dynamics and Control, 168, November 2024, 105000.
Published paper (gated). Final manuscript. Working paper.
Bayesian Evaluation of DSGE Models with Housing and Collateral Effects, with Olivier Pierrard.
Annals of Economics and Statistics, 155, September 2024, 91-124.
Published paper (ungated). Working paper.
Why You Should Never Use the Hodrick-Prescott Filter. A Comment on Hamilton (RES, 2018).
Journal of Comments and Replications in Economics, 3, 2024-1.
Published paper (ungated). Working paper.
Trend Breaks and the Long-Run Implications of Investment-Specific Technological Progress.
Applied Economics Letters, 30, October 2023, 2270-2275.
Published paper (gated). Final manuscript. Working paper.
The Fall in Shadow Banking and the Slow U.S. Recovery, with Patrick Fève and Olivier Pierrard.
Journal of Economic Dynamics and Control, 139, June 2022, 104404.
Published paper (gated). Final manuscript. Working paper.
Are Neutral and Investment-Specific Technology Shocks Correlated?
European Economic Review, 139, October 2021, 103866.
Published paper (gated). Final manuscript. Working paper.
Costly Default and Skewed Business Cycles, with Patrick Fève, Pablo Garcia Sanchez, and Olivier Pierrard.
European Economic Review, 132, February 2021, 103630.
Published paper (gated). Final manuscript. Working paper.
Shadow Banking and Financial Regulation: A Small-Scale DSGE Perspective, with Patrick Fève and Olivier Pierrard.
Journal of Economic Dynamics and Control, 101, April 2019, 130-144.
Published paper (gated). Final manuscript. Working paper.
Predetermined Interest Rates in an Analytical RBC Model, with Patrick Fève and Olivier Pierrard.
Economics Letters, 172, November 2018, 12-15.
Published paper (gated). Final manuscript. Working paper. Clarification note.
Investment Shocks, Sticky Prices, and the Endogenous Relative Price of Investment.
Review of Economic Dynamics, 27, January 2018, 46-63.
Published paper (gated). Final manuscript. Working paper. Computer code.
The Effects of Government Spending Endogeneity on Estimated Multipliers in the U.S.
Annals of Economics and Statistics, 121-122, June 2016, 359-384.
Published paper (ungated). Working paper.
Reexamining the Cyclical Behavior of the Relative Price of Investment, with Paul Beaudry and Franck Portier.
Economics Letters, 135, October 2015, 108-111.
Published paper (gated). Final manuscript. Working paper (much longer).
Non-Academic Work
Deep Learning Solutions of DSGE Models: A Technical Report, with Pierre Beck, Pablo Garcia Sanchez, Julien Pascal, and Olivier Pierrard.
Non-Bank Financial Intermediation in the Euro Area: Implications for Monetary Policy Transmission and Key Vulnerabilities, with the ECB Workstream on Non-Bank Financial Intermediation.
ECB Occasional Paper 270, 2021.
LED: An Estimated DSGE Model of the Luxembourg Economy.
The LU-EAGLE Model with Disaggregated Public Expenditure, with Pablo Garcia Sanchez.
Measuring Real and Financial Cycles in Luxembourg: An Unobserved Components Approach, with Paolo Guarda.
LU-EAGLE: A DSGE Model for Luxembourg within the Euro Area and Global Economy, with Kyriacos Lambrias.