Welcome to my website!
I am a senior economist in the Economics and Research Department of the National Bank of Belgium. I hold a PhD from UCLouvain. My research covers topics in macroeconomics, with a particular focus on monetary and fiscal policy interactions, household heterogeneity and the implications of the effective lower bound on nominal interest rates.
This is my personal website. Here you can find links to my research and curriculum vitae. You can also visit my Google scholar and LinkedIn. Please don't hesitate to contact me if you have any questions or comments.
The views expressed on this website are my own and do not necessarily reflect those of the National Bank of Belgium or the Eurosystem.
Personnal info:
CV (updated March 2026)
E-mail: chdebeauffort[at]gmail.com
Phone number: 0032 (0) 491 52 96 35
NEWS
New working paper: "Fiscal Policy and Sectoral Spillovers in Open Economy HANK", with A. Rannenberg (Jan 2026)
New publication in the JEDC (Feb 2026): "Managing the Inflation-Output Trade-off with Public Debt Portfolios" with B. Chafwehé and R. Oikonomou
Working papers
Fiscal Policy and Sectoral Spillovers in Open Economy HANK, with A. Rannenberg (Jan 2026)
Wage Indexation in a Cost-of-Living Crisis: Corrective versus Discretionary Fiscal Policies, with G. de Walque, T. Lejeune, J. Mohimont and A. Rannenberg (Jan 2025)
Optimal Monetary Policy Rules in the Fiscal Theory of the Price Level, with B. Chafwehé and R. Oikonomou (Nov 2022)
Publications
Managing the Inflation-Output Trade-off with Public Debt Portfolios, with B. Chafwehé and R. Oikonomou
Journal of Economic Dynamics & Control, Vol. 183, Article 105244, February 2026. [WP version]
International Journal of Central Banking, Vol. 20(4), pp. 321-370, October 2024. [WP version] | Third PhD chapter
Oxford Bulletin of Economics and Statistics, Vol. 86, pp. 385-416, April 2024. [WP version] [Online Appendix] | First PhD chapter
Journal of Economic Dynamics & Control, Vol. 147, Article 104591, February 2023. [WP version]
Policy work
Assessing the impact of two Belgian specificities on competitiveness and purchasing power when an energy shock hits, with T. Lejeune and G. de Walque
Prepared for the Belgian Financial Forum, March 2023.