Welcome to the website of the Macroeconomics Group at KU Leuven!
The research interests of the group cover a wide range of theoretical and empirical topics in macroeconomics, including monetary and fiscal policy, international macroeconomics, human capital, inequality, monetary unions, macroeconometrics, ...
Long-Lag VARs - De Graeve, Westermark - Journal of Monetary Economics, 2025 (forthcoming)
Should I Stay or Should I Go? The Response of Labor Migration to Economic Shocks - Foschi, House, Proebsting, Tesar - Brookings Papers on Economic Activity, 2025 (forthcoming)
Quantifying the Benefits of Labor Mobility in a Currency Union - House, Proebsting, Tesar - Review of Economic Studies, 2025
Lifecycle Behaviors and Wealth-Health Gaps in Germany - Mahler, Yum - Econometrica, 2024
A Theory of International Unions with Exits - Kobielarz - Journal of Economic Theory, 2024
Aggregate and Distributional Effects of School Closure Migration Policies: Public versus Private Education - Mahler, Yum - Economics Letters, 2024
Fiscal Policy, Net Exports and Relative Prices in a Currency Union - Lambertini, Proebsting - American Economic Journal: Macroeconomics, 2023
Identifying Sectoral Shocks and their Role in Business Cycles - De Graeve, Schneider - Journal of Monetary Economics, 2023
Bailout Dynamics in a Monetary Union - Kobielarz - Journal of International Economics, 2023
Labor Mobility and Unemployment over the Business Cycle - Foschi, House, Proebsting, Tesar - American Economic Association: Papers and Proceedings, 2023
The Maturity Composition of Government Debt: A Comprehensive Database - De Graeve, Mazzolini - European Economic Review, 2023
Spending Multipliers and Market Segmentation - Proebsting - Journal of Monetary Economics, 2022
2026: Christian Wolf (MIT), Pablo Guerron-Quintana (Boston), Lukasz Rachel (LSE), Eugenia Gonzalez-Aguado (Toulouse), Priit Jeenas (UPF)
2025: Dirk Krueger (UPenn), Nicola Fuchs-Schündeln (Goethe), Michele Tertilt (Mannheim), Mathias Hoffmann (Zurich), Konstantin Egorov (Antwerp), Linda Tesar (Michigan), Marco Bassetto (Minneapolis Fed), Christiane Baumeister (Notre Dame), Daniel Lewis (UCL), ...
2024: Gianluca Violante (Princeton), Jordi Gali (CREI), Fabrizio Perri (Minneapolis Fed), Christian Bayer (Bonn), Gernot Mueller (Tuebingen), Dajana Xhani (Tilburg), Lukas Freund (Cambridge), Diego Perez (NYU), Emil Verner (MIT), Luca Dedola (ECB), ...
2023: Adrien Auclert (Stanford), Martin Beraja (MIT), Gabriel Chodorow-Reich (Harvard), Gauti Eggertsson (Brown), Karel Mertens (Dallas Fed), Daniel Lewis (UCL), Bartosz Maćkowiak (ECB), ...
2022: Tore Ellingsen (HHS), Hanno Lustig (UCLA), Dmitry Mukhin (LSE), Michael Devereux (UBC), Thomas Drechsel (Maryland), Carlo Galli (UC3 Madrid), ...
2021: Jaume Ventura (CREI)
2020: Kjetill Storesletten (Oslo), Vincent Sterk (UCL), Tobias Broer (IIES)
2019: Monika Piazzesi (Stanford), Martin Schneider (Stanford), Morten Ravn (UCL), Alessandor Dovis (UPenn), Phillippe Weil (ULB), Andrea Ferrero (Oxford)
Earlier: Wouter den Haan (LSE), Stijn Van Nieuwerburgh (Columbia), Joseph Vavra (Booth), Christiane Baumeister (Notre Dame), Andrew Foerster (Kansas City Fed), ...
CEPR conference: "Beliefs and the Macroeconomy" - 2025
Leuven Summer Event - 2025
Leuven Summer Event - 2024
Leuven Summer Event - 2023
"Causal Inference in Macroeconomics" (International Francqui Chair: Karel Mertens) - 2023
Leuven Summer Event - 2022
"Real-time Data Analysis, Methods and Applications" - 201
Pablo Guerron-Quintana (Boston): "Macro and Uncertainty - Evidence and Theory" - March 2026
Cosmin Ilut (Duke): "Modelling Uncertainty as Ambiguity, with Applications in Macroeconomics" - June 2025
Fabrizio Perri (Minneapolis Fed): "Macroeconomics of Inequality" - May 2024
Fabio Canova (BI): "Advanced Topics in Applied Macroeconomics" - October 2023
Adrien Auclert (Stanford): "Fiscal & Monetary Policy with Heterogeneous Agents" - May 2023
Haroon Mumtaz (Queen Mary): "Empirical Macroeconomic Models" - May 2022
Domenico Giannone (Amazon/IMF) & Giorgio Primiceri (Northwestern): "Big Data in Macroeconomics and Finance" - June 2018
The group meets regularly for internal seminars, reading groups and other activities.
We also co-organize macro seminars at the National Bank of Belgium.
Carolin Spallek (2022 - )
Alberto Pavia (2022 - )
Jose Fellmann (2024 - )
Bashige Musholombo (2024 - )
Sama Abdullazade (2024 - )
Federica Brenna (2023, Initial placement: Bank of Lithuania)
Giulio Mazzolini (2023, Initial placement: European Central Bank)
Jan David Schneider (2023, Initial placement: Bank of Canada)
Elizaveta Lukmanova (2019, Initial placement: UC Louvain)
FWO Junior Research Project 2024-2027: "Energy Price Shocks - Evidence from U.S. Regions" - Proebsting
FWO Junior Research Project 2023-2026: "Voluntary Entry and Exit in International Unions" - Kobielarz
FWO Junior Research Project 2023-2026: "Why Greece is not Nevada - The Role of Risk-Sharing in Attenuating Business Cycles Within Currency Unions" - Proebsting
KUL Starting Grant: "Why Greece is not Nevada - The Role of Risk-Sharing in Attenuating Business Cycles Within Currency Unions" - Proebsting
FWO Research Project 2018-2021: "Maturity Composition of Government Debt and the Macroeconomy - Empirical Effects" - De Graeve
KUL Starting Grant 2018-2021: "Macroeconomic Imbalances, Inflation Expectations, and Fiscal Policy within a Monetary Union" - Kobielarz