Research

Owner-occupied housing costs, policy communication, and inflation expectations (with Zivile Zekaite and Garo Garabedian), 2024, Working Paper Research 449, National Bank of Belgium.

• • Slides 

  • Media coverage: Centralbanking.com 

Macroeconomic drivers of inflation expectations and inflation risk premia (with Jef Boeckx and Leonardo Iania), 2024, Working Paper Research 446, National Bank of Belgium.

• • SUERF Policy Brief 

  • Our study was selected for the Conference of the Journal of Financial Econometrics Special Issue on "Fixed Income Markets and Inflation"

Heterogeneous Household Responses to Energy Price Shocks (with Gert Peersman), 2024, Energy Economics, vol. 132, April.

• • Slides , Poster

  • Press coverage: De Standaard 20 October cover story (link, pic)

  • Gentse Economische Inzichten article that provides a summary in Dutch

  • NBB Blog post: Households save a large chunk of energy aid

Endogenous Wage Indexation and Aggregate Shocks (with Julio Carrillo and Gert Peersman), 2022. Journal of Macroeconomics, vol. 72(C). 

• • Matlab replication files

Is euro area lowflation here to stay? Insights from a time-varying parameter model with survey data (with Arnoud Stevens), 2021. Journal of Applied Econometrics, vol. 36(5), pages 566-586, August. 

Wage indexation and the monetary policy regime (with Selien De Schryder and Gert Peersman), 2020. Journal of Macroeconomics, vol. 63(C). 

What are the macroeconomic drivers of inflation expectations and inflation risk premia? (with Jef Boeckx and Leonardo Iania), 2024,  SUERF Policy Brief, No. 888.

Inflation expectations and monetary policy (with Bruno De Backer, Arnoud Stevens, and Hélène Zimmer), 2023. Economic Review, National Bank of Belgium, pages 1-38, July.

The perils of tracking year-on-year inflation. NBB Blog, 21 April 2023. 

• • Translations: NL and FR

  • Matlab replication files with refreshable data

  • Media coverage: Eurointelligence Newsbriefing May 4th

Households save a large chunk of energy aid (with Gert Peersman), NBB Blog, 10 November 2022. 

• • Translations: NL and FR

Impact van de Energiefactuur op het Energieverbruik, Consumptie- en Spaargedrag van Belgische Gezinnen (with Gert Peersman), 2022. Gentse Economische Inzichten, (5).

Inflation Measurement and its Assessment in the ECB's Monetary Policy Strategy Review (with Christiane Nickel and others), 2021. Occasional Paper Series 265, European Central Bank.

Summary report on the NBB Listens Portal, 2021. Economic Review, National Bank of Belgium, issue iii, pages 24-42, December.

Separating the trend from the cycle: The debate on euro area potential output and implications for monetary policy (with Marjolein Deroose and Ansgar Rannenberg), 2019. Economic Review, National Bank of Belgium, issue ii, pages 7-28, September.

Are inflation and economic activity out of sync in the euro area? (with Naïm Cordemans), 2018. Economic Review, National Bank of Belgium, issue i, pages 79-96, June.

The cyclical and structural determinants of the low interest rate environment (with Bruno De Backer), 2017. Economic Review, National Bank of Belgium, issue ii, pages 69-86, September.

• • • Original Wicksell quote on r*

Has the euro area Phillips curve broken down? A time-varying parameter analysis.