Research
RESEARCH PROFILES
PUBLICATIONS
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.
Trend Breaks and the Long-Run Implications of Investment-Specific Technological Progress.
Applied Economics Letters, 30, October 2023, 2270-2275. Final manuscript.
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. Final manuscript.
Are Neutral and Investment-Specific Technology Shocks Correlated?
European Economic Review, 139, October 2021, 103866. Final manuscript.
Costly Default and Skewed Business Cycles, with Patrick Fève, Pablo Garcia Sanchez, and Olivier Pierrard.
European Economic Review, 132, February 2021, 103630. Final manuscript.
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. Final manuscript.
Predetermined Interest Rates in an Analytical RBC Model, with Patrick Fève and Olivier Pierrard.
Economics Letters, 172, November 2018, 12-15. Final manuscript. Clarification note.
Investment Shocks, Sticky Prices, and the Endogenous Relative Price of Investment.
Review of Economic Dynamics, 27, January 2018, 46-63. Final manuscript.
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.
Reexamining the Cyclical Behavior of the Relative Price of Investment, with Paul Beaudry and Franck Portier.
Economics Letters, 135, October 2015, 108-111. Working paper version.
WORKING PAPERS AND WORK IN PROGRESS
Frictionless House-Price Momentum, with Patrick Fève. BCL Working Paper 177, 2023.
How Well Do DSGE Models with Real Estate and Collateral Constraints Fit the Data?, with Olivier Pierrard. BCL Working Paper 168, 2022.
Total Factor Productivity and the Measurement of Neutral Technology. MPRA Paper 99357, 2020. TFP datafile.
Older version: BCL Working Paper 143, 2020.
NON-ACADEMIC WORK
Deep Learning Solutions of DSGE Models: A Technical Report, with Pierre Beck, Pablo Garcia Sanchez, Julien Pascal, and Olivier Pierrard. BCL Working Paper 184, 2024.
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. BCL Working Paper 147, 2020.
The LU-EAGLE Model with Disaggregated Public Expenditure, with Pablo Garcia Sanchez. BCL Working Paper 135, 2019.
Measuring Real and Financial Cycles in Luxembourg: An Unobserved Components Approach, with Paolo Guarda. BCL Working Paper 126, 2019.
LU-EAGLE: A DSGE Model for Luxembourg within the Euro Area and Global Economy, with Kyriacos Lambrias. BCL Working Paper 122, 2018.