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Frank Smets

Adviser; Part-time Professor · European Central Bank; Ghent University

Adviser in the Counsel to the Executive Board at the European Central Bank and part-time professor of economics at Ghent University. Works on monetary economics and applied macroeconomics; was Director General of DG Economics at the ECB from 2017 to 2022.

2 papers tracked 2 classics ⌁ Follow this author

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Published Classic Journal of the European Economic Association Published Sep 2003

An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area

Frank Smets · Raf Wouters

A sticky-price, sticky-wage dynamic general equilibrium model of the euro area, with habit formation, investment adjustment costs and variable capacity utilisation, is estimated by Bayesian methods on …

Dsge Models Nominal Rigidities Business Cycles Monetary Policy New Keynesian Free Read ↗

Published Classic American Economic Review Published May 2007

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

Frank Smets · Rafael Wouters

A New Neoclassical Synthesis model of the US economy with seven structural shocks and a full set of real and nominal frictions is estimated on seven quarterly series by Bayesian methods, and shown to …

Dsge Models Business Cycles Nominal Rigidities Monetary Policy New Keynesian Free Read ↗