Economist at the National Bank of Belgium working on DSGE modelling and expectations; corresponding author of a paper on professional survey forecasts in DSGE models.
This paper asks whether Survey of Professional Forecasters (SPF) data can be efficiently integrated into medium-scale DSGE models, and whether models with imperfectly rational expectations based on …
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 …