Contact: ferredegraeve 'at' yahoo com
Publications
"Long-Lag VARs", with A. Westermark
Journal of Monetary Economics, conditionally accepted.
"Identifying Sectoral Shocks and their Role in Business Cycles", with J.D. Schneider
Journal of Monetary Economics, 2023. (results & codes available here)
"The Maturity Composition of Government Debt: A Comprehensive Database", with G. Mazzolini
European Economic Review, 2023. (results & codes available here)
"Understanding International Long-Term Interest Rate Comovement", with M. Chin, T. Filippeli and K. Theodoridis
Advances in Econometrics, Essays in Honour of Fabio Canova, 2022.
"Central Bank Policy Paths and Market Forward Rates: A Simple Model", with J. Iversen
Journal of Money, Credit and Banking, 2017.
"Identifying Fiscal Inflation", with V. Queijo von Heideken
European Economic Review, 2015.
"Refining Stylized Facts from Factor Models of Inflation", with K. Walentin
Journal of Applied Econometrics, 2015.
"Evaluating Theories of Bank Runs with Heterogeneity Restrictions", with A. Karas
Journal of the European Economic Association, 2014.
“Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model”, with Dossche, M., Emiris, M., Sneessens H. and R. Wouters
Journal of Economic Dynamics and Control, 2010.
“A Structural Decomposition of the US Yield Curve”, with Emiris, M. and R. Wouters
Journal of Monetary Economics, 2009.
“The External Finance Premium and the Macroeconomy: US post-WWII Evidence”
Journal of Economic Dynamics and Control, 2008.
“Monetary Policy and Financial (In)Stability: An Integrated Micro-Macro Approach”, with Kick, T. and M. Koetter
Journal of Financial Stability, 2008.
“Competition, Transmission and Bank Pricing Policies: Evidence from Belgian Loan and Deposit Markets”, with De Jonghe, O. and R. Vander Vennet
Journal of Banking and Finance, 2007.
"Macro-Financial Feedbacks through Time", with Federica Brenna & Raf Wouters
Extends "identification through heteroskedasticity" to settings where parameters vary over time and shows how macro-financial feedbacks evolve.
Presentations: International Monetary Fund, CEF 2022, IAAE 2022
"A Structural Evaluation of VARs with Time-Varying Parameters and Stochastic Volatility"
Presentations: European Central Bank, CEF (NY), European University Institute (Workshop), GSMG (Stockholm), Universitat Pompeu Fabra
"Forward Guidance, Quantitative Easing, or both?", with K. Theodoridis
Presentations: European Central Bank, De Nederlandsche Bank, National Bank of Belgium, Sveriges Riksbank, UCL (Louvain), Erasmus University Rotterdam
"Forward Guidance and Long Term Interest Rates: Inspecting the Mechanism", with P. Ilbas and R. Wouters
Presentations: University College London, CEF (Oslo), NORMAC (Reykjavik) and BMW (Ghent)
"A Credit Anatomy of the U.S. House Price Boom"
Professional service
Associate Editor:
Economic Inquiry, 2010 - 2023
Referee:
American Economic Journal: Macroeconomics
B.E. Journal of Macroeconomics
Canadian Journal of Economics
Economic Inquiry
Economic Journal
Economic Systems
Economics of Transition
European Economic Review
International Economic Review
Journal of Applied Econometrics
Journal of Banking and Finance
Journal of Business and Economic Statistics
Journal of Econometrics
Journal of Economic Dynamics and Control
Journal of Financial Stability
Journal of International Economics
Journal of International Money and Finance
Journal of Macroeconomics
Journal of Monetary Economics
Journal of Money, Credit & Banking
Oxford Bulletin of Economics and Statistics
Quantitative Economics
Review of Economic Studies
Review of Finance
Review of Financial Studies
Scandinavian Journal of Economics
Conference Organization:
“Beliefs and Business Cycles”, September 2011, Riksbank
“Bank Resolution” (policy conference), November 2011, Stockholm
“Sovereign Debt and Default”, September 2012, Riksbank
“Bubbles”, 12-13 September 2013, Riksbank
“Deflation: Causes, Consequences and Policies”, June 2015, Riksbank
“Real-Time Data Analysis, Methods and Applications”, October 2018, NBB
“International Macroeconomics”, June 2022, Leuven Summer Event
“Macroeconomics”, June 2023, Leuven Summer Event
“Macroeconomics”, May 2024, Leuven Summer Event
“Macroeconomics”, May 2025, Leuven Summer Event
Seminar Organization: 2010 - 2013, Riksbank; 2015 - 2023, co-organizing macro seminar at NBB
Discussions:
"Inflation and Floating-rate Loans: Evidence from the Euro-area", by Core, De Marco, Eisert and Schepens, EFI
"Fiscal Backing and Inflation in US Business Cycles", by Smets and Wouters, ESM
"Identifying Firm-level Financial Frictions Using Sign Restrictions", by Mesters and Caggese, FINPRO
“Monetary Strategies for the European Central Bank”, Erceg, Jakab and Lindé (European Commission-JEDC conference)
“The Mortgage Rate Conundrum”, by Justiniano, Primiceri and Tambalotti (1st Dolomiti Macro Workshop)
“Central Bank Macro Modeling: the NY Fed experience and plans ahead”, by Del Negro, Norges Bank
“Rare Events, Financial Crisis, and the Cross Section of Asset Returns”, by F. Bianchi, BoE
“Large Firm Dynamics and the Business Cycle”, by V. Carvalho and Grassi, CEPR
“Is Government Spending at the Zero Lower Bound desirable?”, by Bilbiie, Monacelli and Perotti, CEPR (ESSIM)
“Banks' Price Setting and Lending Maturity”, by Luttini and Pedersen, BIS Latin-America
“The Forward Guidance Puzzle”, by Del Negro, Giannoni and Patterson, DNB
“Spillover of Fiscal Shocks in the Euro Area”, by Canova, Ciccarelli and Dallari, WGEM
“Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations”, by Ajello, CEPR
“Expansionary and Contractionary Technology Improvements”, by Balleer and Enders, NORMAC
“The Dark Side of Bank Wholesale Funding”, by Huang and Ratnovski, FRB Boston
“Changes in Inflation Persistence: Lessons from Estimated Markov-Switching New Keynesian Models”, by Davig and Doh, FRB Dallas
“Credit Market and Macroeconomic Volatility”, by Mendicino, CEPR
“The Fed and the Stock Market”, by D’Amico and Farka, FMA
Teaching:
Macroeconomics - KU Leuven (2015-2025)
Advanced Macroeconomics - KU Leuven (2016-2025)
Economics of Money and Finance (2024-2025)
Financial Stability & Regulation - Stockholm School of Economics (2011-2014)
Essentials of Financial Stability - Florence School of Banking and Finance (2016)