F
Frank Smets
Researcher at European Central Bank
Publications - 197
Citations - 23932
Frank Smets is an academic researcher from European Central Bank. The author has contributed to research in topics: Monetary policy & Inflation. The author has an hindex of 67, co-authored 193 publications receiving 22735 citations. Previous affiliations of Frank Smets include Economic Policy Institute & Ghent University.
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Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
TL;DR: Using a Bayesian likelihood approach, the authors estimate a dynamic stochastic general equilibrium model for the US economy using seven macroeconomic time series, incorporating many types of real and nominal frictions and seven types of structural shocks.
Journal ArticleDOI
Shocks and frictions in US business cycles: A Bayesian DSGE approach
Frank Smets,Rafael Wouters +1 more
TL;DR: In this paper, a dynamic stochastic general equilibrium (DSGE) model for the US economy is proposed, which incorporates many types of real and nominal frictions: sticky nominal price and wage setting, habit formation in consumption, investment adjustment costs, variable capital utilisation and fixed costs in production.
Journal ArticleDOI
An estimated dynamic stochastic general equilibrium model of the euro area
Frank Smets,Raf Wouters +1 more
TL;DR: In this paper, a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area was developed and estimated with Bayesian techniques using seven key macroeconomic variables: GDP, consumption, investment, prices, real wages, employment, and the nominal interest rate.
Posted Content
Monetary policy in an estimated stochastic dynamic general equilibrium model of the euro area
Frank Smets,Raf Wouters +1 more
TL;DR: In this article, a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area was developed and estimated using seven key macroeconomic variables: GDP, consumption, investment, prices, real wages, employment and the nominal interest rate.
Posted Content
An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area
TL;DR: In this paper, a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area was developed and estimated with Bayesian techniques using seven key macroeconomic variables: GDP, consumption, investment, prices, real wages, employment and nominal interest rate.