Rafael Wouters

National Bank of Belgium

Brussels, B-1000

Belgium

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 7,769

SSRN RANKINGS

Top 7,769

in Total Papers Downloads

5,709

CITATIONS
Rank 9

SSRN RANKINGS

Top 9

in Total Papers Citations

2,942

Scholarly Papers (24)

Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach

National Bank of Belgium Working Paper No. 109
Number of pages: 58 Posted: 07 Oct 2010
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 1,476 (11,479)
Citation 1,218

Abstract:

Loading...

DSGE models, monetary policy

Shocks and Frictions in Us Business Cycles: A Bayesian DSGE Approach

ECB Working Paper No. 722
Number of pages: 57 Posted: 07 Feb 2007
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 710 (34,023)
Citation 1

Abstract:

Loading...

DSGE models, monetary policy

2.

Challenges for Central Banks’ Macro Models

Riksbank Research Paper Series No. 147, Sveriges Riksbank Working Paper Series No. 323
Number of pages: 88 Posted: 23 May 2016
Jesper Lindé, Frank Smets and Rafael Wouters
Sveriges Riksbank - Research Division, European Central Bank (ECB) and National Bank of Belgium
Downloads 585 (44,811)
Citation 24

Abstract:

Loading...

Monetary policy, DSGE, and VAR models, Regime-Switching, Zero Lower Bound, Financial Frictions, Great Recession, Macroprudential policy, Open economy

3.

An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area

ECB Working Paper No. 171
Number of pages: 70 Posted: 14 May 2003
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 573 (46,003)
Citation 134

Abstract:

Loading...

SDGE models, monetary policy, euro area

On the Fit and Forecasting Performance of New Keynesian Models

ECB Working Paper No. 491, FRB of Atlanta Working Paper No. 2004-37
Number of pages: 58 Posted: 11 Feb 2005
Federal Reserve Bank of New York, University of Pennsylvania - Department of Economics, European Central Bank (ECB) and National Bank of Belgium
Downloads 289 (103,157)

Abstract:

Loading...

Bayesian analysis, DSGE models, model evaluation, vector autoregressions

On the Fit and Forecasting Performance of New Keynesian Models

CEPR Discussion Paper No. 4848
Number of pages: 51 Posted: 05 May 2005
Federal Reserve Bank of New York, University of Pennsylvania - Department of Economics, European Central Bank (ECB) and National Bank of Belgium
Downloads 26 (495,783)
Citation 180
  • Add to Cart

Abstract:

Loading...

Bayesian analysis, DSGE models, model evaluation, vector autoregression

Forecasting with a Bayesian DSGE Model: An Application to the Euro Area

ECB Working Paper No. 389
Number of pages: 33 Posted: 10 Dec 2004
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 189 (157,923)

Abstract:

Loading...

Forecasting, DSGE models, monetary policy, euro area

Forecasting with a Bayesian DSGE Model: An Application to the Euro Area

National Bank of Belgium Working Paper No. 60
Number of pages: 36 Posted: 14 Oct 2010
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 44 (412,193)
Citation 173

Abstract:

Loading...

forecasting, DSGE models, monetary policy, euro area

Forecasting with a Bayesian DSGE Model: An Application to the Euro Area

CEPR Discussion Paper No. 4749
Number of pages: 30 Posted: 08 Feb 2005
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 20 (532,976)
Citation 31
  • Add to Cart

Abstract:

Loading...

DSGE models, monetary policy, euro area, forecasting

Forecasting with a Bayesian DSGE Model: An Application to the Euro Area

Journal of Common Market Studies, Vol. 42, No. 4, pp. 841-867, November 2004
Number of pages: 27 Posted: 29 Oct 2004
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 18 (545,760)
  • Add to Cart

Abstract:

Loading...

Openness, Imperfect Exchange Rate Pass-Through and Monetary Policy

ECB Working Paper No. 128
Number of pages: 52 Posted: 20 Jan 2003
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 221 (136,086)
Citation 89

Abstract:

Loading...

Monetary Policy, Open Economies, Exchange Rate Pass-through

Openness, Imperfect Exchange Rate Pass-Through and Monetary Policy

National Bank of Belgium Working Paper No. 19
Number of pages: 57 Posted: 06 Nov 2010
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 37 (440,942)
Citation 63

Abstract:

Loading...

Monetary Policy, Open Economies, Exchange Rate Pass-Through

Comparing Shocks and Frictions in Us and Euro Area Business Cycles: A Bayesian DSGE Approach

ECB Working Paper No. 391
Number of pages: 36 Posted: 10 Dec 2004
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 131 (216,259)
Citation 90

Abstract:

Loading...

DSGE models, business cycle fluctuations

Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach

National Bank of Belgium Working Paper No. 61
Number of pages: 36 Posted: 14 Oct 2010
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 60 (357,308)
Citation 238

Abstract:

Loading...

DSGE models, business cycle fluctuations

Comparing Shocks and Frictions in Us and Euro Area Business Cycles: A Bayesian DSGE Approach

CEPR Discussion Paper No. 4750
Number of pages: 28 Posted: 08 Feb 2005
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 20 (532,976)
Citation 43
  • Add to Cart

Abstract:

Loading...

DSGE models, business cycle fluctuations

Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment

IZA Discussion Paper No. 2528
Number of pages: 40 Posted: 16 Jan 2007
Catholic University of Louvain (UCL) - Department of Economics, Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Banque Centrale du Luxembourg, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 126 (222,817)

Abstract:

Loading...

DSGE, search and matching, nominal wage rigidity, monetary policy

Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment

National Bank of Belgium Working Paper No. 97
Number of pages: 45 Posted: 09 Oct 2010
Catholic University of Louvain (UCL) - Department of Economics, Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Banque Centrale du Luxembourg, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 51 (386,675)
Citation 155

Abstract:

Loading...

DSGE, Search and Matching, Nominal Wage Rigidity, Monetary Policy

9.

A Structural Decomposition of the US Yield Curve

Number of pages: 72 Posted: 19 Nov 2008
Ferre De Graeve, Marina Emiris and Rafael Wouters
KU Leuven - Center for Economic Studies, National Bank of Belgium - Research Department and National Bank of Belgium
Downloads 164 (179,157)
Citation 22

Abstract:

Loading...

Term structure, DSGE, Expectation hypothesis, Bayesian estimation

Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model

Riksbank Research Paper Series No. 67, Sveriges Riksbank Working Paper Series No. 236
Number of pages: 41 Posted: 29 May 2010
KU Leuven - Center for Economic Studies, National Bank of Belgium, National Bank of Belgium - Research Department, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 73 (321,410)
Citation 7

Abstract:

Loading...

Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model

National Bank of Belgium Working Paper No. 150
Number of pages: 60 Posted: 01 Oct 2010
KU Leuven - Center for Economic Studies, National Bank of Belgium, National Bank of Belgium - Research Department, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 29 (479,080)
Citation 71

Abstract:

Loading...

Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model

Number of pages: 37 Posted: 19 Nov 2008 Last Revised: 15 Oct 2009
KU Leuven - Center for Economic Studies, National Bank of Belgium, National Bank of Belgium - Research Department, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 28 (484,253)

Abstract:

Loading...

Heterogeneous agent, DSGE, Equity premium, Bond premium

Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting

ECB Working Paper No. 648
Number of pages: 48 Posted: 30 Jun 2006
Gregory de Walque, Frank Smets and Rafael Wouters
Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, European Central Bank (ECB) and National Bank of Belgium
Downloads 107 (251,429)

Abstract:

Loading...

Inflation persistence, DSGE models

Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting

National Bank of Belgium Working Paper No. 85
Number of pages: 45 Posted: 09 Oct 2010
Gregory de Walque, Frank Smets and Rafael Wouters
Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, European Central Bank (ECB) and National Bank of Belgium
Downloads 20 (532,976)
Citation 167

Abstract:

Loading...

Inflation Persistence, DSGE Models

12.

Learning in an Estimated Medium-Scale DSGE Model

CERGE-EI Working Paper Series No. 396
Number of pages: 70 Posted: 30 Nov 2009
Sergey Slobodyan and Rafael Wouters
Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) and National Bank of Belgium
Downloads 124 (226,020)
Citation 31

Abstract:

Loading...

constant gain adaptive learning, medium–scale DSGE model, DSGE–VAR

13.

Endogenous Risk in a DSGE Model with Capital-Constrained Financial Intermediaries

National Bank of Belgium Working Paper No. 235
Number of pages: 63 Posted: 14 Oct 2012
Hans Dewachter and Rafael Wouters
Catholic University of Leuven (KUL) - Department of Economics and National Bank of Belgium
Downloads 108 (248,437)
Citation 45

Abstract:

Loading...

14.
Downloads 83 (294,813)
Citation 51

Unemployment in an Estimated New Keynesian Model

National Bank of Poland Working Paper No. 106
Number of pages: 46 Posted: 17 Feb 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 53 (379,819)
Citation 43

Abstract:

Loading...

nominal rigidities, unemployment fluctuations, Phillips curve, wage markups shocks, output gap

Unemployment in an Estimated New Keynesian Model

NBER Working Paper No. w17084
Number of pages: 53 Posted: 31 May 2011
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 27 (489,853)

Abstract:

Loading...

Unemployment in an Estimated New Keynesian Model

CEPR Discussion Paper No. DP8401
Number of pages: 55 Posted: 26 May 2011
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 3 (650,106)
Citation 18
  • Add to Cart

Abstract:

Loading...

Nominal rigidities, output gap, Phillips curve, unemployment fluctuations, wage markup shocks

Sequential Bargaining in a New Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation

National Bank of Belgium Working Paper No. 157
Number of pages: 39 Posted: 28 Sep 2010
Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Banque Centrale du Luxembourg, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 48 (397,352)
Citation 23

Abstract:

Loading...

DSGE, Search and Matching, Nominal Wage Rigidity, Monetary Policy

Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation

IZA Discussion Paper No. 4059
Number of pages: 32 Posted: 30 Mar 2009
Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Banque Centrale du Luxembourg, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 33 (458,776)
Citation 4

Abstract:

Loading...

DSGE, search and matching, nominal wage rigidity, monetary policy

Dynamics and Monetary Policy in a Fair Wage Model of the Business Cycle

ECB Working Paper No. 780, CORE Discussion Paper No. 2006/106
Number of pages: 51 Posted: 14 Mar 2007
David de la Croix, Gregory de Walque and Rafael Wouters
Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES), Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences and National Bank of Belgium
Downloads 66 (339,859)

Abstract:

Loading...

Efficiency wage, effort, inflation persistence, monetary policy

Dynamics and Monetary Policy in a Fair Wage Model of the Business Cycle

National Bank of Belgium Working Paper No. 98
Number of pages: 49 Posted: 09 Oct 2010
David de la Croix, Gregory de Walque and Rafael Wouters
Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES), Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences and National Bank of Belgium
Downloads 12 (585,224)
Citation 139

Abstract:

Loading...

Efficiency wage, effort, inflation persistence, monetary policy

17.

An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area

National Bank of Belgium Working Paper No. 35
Number of pages: 71 Posted: 14 Oct 2010
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 77 (308,269)
Citation 974

Abstract:

Loading...

DSGE models, monetary policy, euro area

18.

Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Wage Negotiation

ECB Working Paper No. 1007
Number of pages: 39 Posted: 19 Feb 2009
Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Banque Centrale du Luxembourg, Catholic University of Louvain (UCL) - Institut de Recherches Economiques et Sociales (IRES) and National Bank of Belgium
Downloads 41 (415,341)

Abstract:

Loading...

DSGE, Search and Matching, Nominal Wage Rigidity, Monetary Policy

19.

Professional Forecasters and the Real-time Forecasting Performance of an Estimated New Keynesian Model for the Euro Area

ECB Working Paper No. 1571
Number of pages: 30 Posted: 12 Aug 2013
Frank Smets, Anders Warne and Rafael Wouters
European Central Bank (ECB), European Central Bank (ECB) and National Bank of Belgium
Downloads 39 (423,037)
Citation 15

Abstract:

Loading...

Bayesian methods, DSGE model, real-time database, Survey of Professional Forecasters, macroeconomic forecasting, estimated New Keynesian model, euro area

20.

Model-Based Inflation Forecasts and Monetary Policy Rules

National Bank of Belgium Working Paper No. 1
Number of pages: 44 Posted: 09 Nov 2010
Rafael Wouters and Michel Dombrecht
National Bank of Belgium and National Bank of Belgium
Downloads 34 (443,577)
Citation 12

Abstract:

Loading...

21.
Downloads 31 (456,886)
Citation 13

Slow Recoveries: A Structural Interpretation

NBER Working Paper No. w18085
Number of pages: 39 Posted: 19 May 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 25 (501,835)
Citation 21

Abstract:

Loading...

Slow Recoveries: A Structural Interpretation

CEPR Discussion Paper No. DP8978
Number of pages: 41 Posted: 28 Sep 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 6 (626,458)
Citation 13
  • Add to Cart

Abstract:

Loading...

estimated DSGE models, Jobless recoveries, Okun's law, U.S. business cycle

22.

Shocks and Frictions in U.S. Business Cycles: A Bayesian DSGE Approach

CEPR Discussion Paper No. DP6112
Number of pages: 53 Posted: 16 May 2008
Frank Smets and Rafael Wouters
European Central Bank (ECB) and National Bank of Belgium
Downloads 16 (538,334)
Citation 168
  • Add to Cart

Abstract:

Loading...

Business cycle, DSGE models, monetary policy

23.

Challenges for Central Banks' Macro Models

CEPR Discussion Paper No. DP11405
Number of pages: 90 Posted: 25 Jul 2016
Jesper Lindé, Frank Smets and Rafael Wouters
Sveriges Riksbank, European Central Bank (ECB) and National Bank of Belgium
Downloads 0 (661,885)
  • Add to Cart

Abstract:

Loading...

and VAR models, DSGE, Financial Frictions, great recession, macroprudential policy, Monetary policy, Open economy., Regime-Switching, zero lower bound

24.

Price Shocks in General Equilibrium: Alternative Specifications

CESifo Economic Studies, Vol. 52, Issue 1, pp. 153-176, 2006
Posted: 02 Jul 2008
Gregory de Walque, Frank Smets and Rafael Wouters
affiliation not provided to SSRN, European Central Bank (ECB) and National Bank of Belgium

Abstract:

Loading...

sticky prices, DSGE models, business cycle fluctuations