Rigas Oikonomou, Vincent Bodart, Luca Pensieroso, Fabio Mariani, David de la Croix

Research Projects

Sponsor Project Title LIDAM Promoters LIDAM Researcher Beginning End
FNRS CDR Precautionary savings and government debt management Rigas Oikonomou   2018 2019
Banque Nationale

Essays in quantitative macroeconomics

Project description:
This project is on quantitative macroeconomics, in particular on models of heterogeneous agents and on optimal fiscal policy models. A first paper analyzes the importance of the secondary market for durables, for the risk sharing opportunities in an incomplete financial market. A second paper is a DSGE model with optimal tax and debt policies applied to the US data.

Rigas Oikonomou      


Journal Articles

1. Pensieroso, Luca; Sommacal, Alessandro. Agriculture to industry: The end of intergenerational coresidence. In: Review of Economic Dynamics, Vol. 34, p. 87-102 (2019). doi:10.1016/

2. Attanasi, Gautier; Bodart, Vincent; Courtoy, François; Fontenay, Sébastien; Ounnas, Alexandre; Sauvenier, Mathieu. Perspectives économiques 2019. In: Regards économiques, , no.143, p. 1-9 (2019). doi:10.14428/regardseco/2019.01.11.01.

3. Faraglia, Elisa; Marcet, Albert; Oikonomou, Rigas; Scott, Andrew. Government Debt Management: The Long and the Short of It. In: The Review of Economic Studies, Vol. 86, no.6, p. 2554-2604 (2019). doi:10.1093/restud/rdy061.

4. De Vroey, Michel. La théorie de l’équilibre général. In: Cahiers d'économie politique, , no.74, p. 197-205 (2018). doi:10.3917/cep.074.0197.

5. Mankart, Jochen; Oikonomou, Rigas. Household Search and the Aggregate Labour Market. In: The Review of Economic Studies, Vol. 84, no.4, p. 1735-1788 (2017). doi:10.1093/restud/rdw055.

6. Bouakez, Hafedh; Oikonomou, Rigas; Priftis, Romanos. Optimal Debt Management in a Liquidity Trap. In: Journal of Economic Dynamics and Control, Vol. 93, p. 5-21 (August 2018). doi:10.1016/j.jedc.2018.01.033.

7. Oikonomou, Rigas. Unemployment Insurance with Limited Commitment Wage Contracts and Savings. In: The B.E. Journal of Macroeconomics, Vol. 18, no.1. doi:10.1515/bejm-2014-0162.

8. Thornton, John; Vasilakis, Chrysovalantis. The impact of fiscal rules on sovereign risk premia: International evidence. In: Finance Research Letters, Vol. 20, p. 63-67 (2017). doi:10.1016/

9. Danthine, Samuel; De Vroey, Michel. The Integration of Search in Macroeconomics: Two Alternative Paths. In: Journal of the History of Economic Thought, Vol. 39, no.4, p. 523-548 (2017). doi:10.1017/S1053837216000651.

10. Thornton, John; Vasilakis, Chrysovalantis. Inflation targeting and the cyclicality of monetary policy. In: Finance Research Letters, Vol. 20, p. 296-302 (2017). doi:10.1016/

11. Sneessens, Henri. Malinvaud on Macroeconomic Policy. In: Annals of Economics and Statistics, , no.125/126, p. 153-164 (June 2017).

12. De Vroey, Michel. Macroeconomics and the Phillips Curve Myth by James Forder. In: History of Political Economy, Vol. 49, no.4, p. 722-727 (2017). doi:10.1215/00182702-4296425.

13. Onali, Enrico; Ginesti, Gianluca; Vasilakis, Chrysovalantis. How should we estimate value-relevance models? Insights from European data. In: The British Accounting Review, Vol. 49, no.5, p. 460-473 (2017). doi:10.1016/

14. De Vroey, Michel. Walker Donald A. and van Daal Jan , eds. and trans., Léon Walras, Elements of Theoretical Economics: or The Theory of Social Wealth (Cambridge: Cambridge University Press, 2014), pp. 588, $155. ISBN 978-1-107-06413-3.. In: Journal of the History of Economic Thought, Vol. 39, no.1, p. 144 - 147 (March 2017). doi:10.1017/S1053837216000560.

15. Thornton, John; Vasilakis, Chrysovalantis. Does inflation targeting reduce sovereign risk? Further evidence. In: Finance Research Letters, Vol. 18, p. 237-241 (2016). doi:10.1016/

16. Bodart, Vincent; Carpentier, Jean-François. Real exchange rates and skills. In: Journal of International Money and Finance : theoretical and empirical research in international economics and finance, Vol. 67, p. 305-319 (October 2016). doi:10.1016/j.jimonfin.2016.06.008.

17. De Vroey, Michel. Response to the Comments. In: Œconomia, Vol. 6, no.1, p. 149-152 (2016).

18. Mankart, Jochen; Oikonomou, Rigas. The rise of the added worker effect. In: Economics Letters, Vol. 143, p. 48-51 (June 2016). doi:10.1016/j.econlet.2016.03.019.

Book Chapters

1. De Vroey, Michel; Malgrange, Pierre. Macroeconomics : The History of Macroeconomics from Keynes’s General Theory to the Present. In: Handbook on the History of Economic Analysis Volume III : Developments in Major Fields of Economics , Edward Elgar: Cheltenham, 2016, p. 372-390. 978-1-84980-112-6. doi:10.4337/9781785365065.

Working Papers

1. Deseau, Arnaud; Levai, Adam; Lauwers, Michèle. Access to Justice and Economic Development: Evidence from an International Panel Dataset (xxx), 2019. 45 p.

2. Bodart, Vincent; Jean-François Carpantier. Currency Collapses and Output Dynamics in Commodity Dependent Countries (xxx), 2019. 35 p.


1. De Vroey, Michel. A History of Macroeconomics from Keynes to Lucas and Beyond. Cambridge University Press: New york, 2016. 978-1-107-58494-5. 445 pages.