Bas van Aarle
 

 

Function: Affiliate researcher
Address:

LICOS - Centre for Transition Economics
Faculty of Economics and Applied Economics
K.U. Leuven
Debériotstraat 34
3000 Leuven
Belgium

Telephone: 016/32.65.91.
Fax: 016/32.65.99.
E-mail: bas.vanaarle@econ.kuleuven.ac.be
click here for curriculum vitae

 
Areas of Research
 

Research interest: European integration
Articles in journals
 
  • van Aarle B., Garretsen H. and Huart F., (2004), "Policy Rules in the Euro-Area and International Interdependencies", forthcoming in Applied Economics Quarterly.
  • van Aarle B., Garretsen H. and Huart F., (2004), "Chocs et Règles de Politique Economique en UEM", forthcoming in Economie et Prevision.
  • van Aarle B., Garretsen H. and Huart F., (2004), "Monetary and Fiscal Policy Rules in the EMU", German Economic Review, vol. 5(4), p. 407-434.
  • van Aarle B., Garretsen H. and Gobbin N., (2003), "Fiscal Policy Transmission in the Euro area: Evidence from a Structural VAR Analysis", Journal of Economics and Business, vol. 55 nr. 5-6, p. 609-638.
  • van Aarle B., Garretsen H. and Huart F., (2003), "Transatlantic Monetary and Fiscal Policy Design", CESifo Working Paper no. 1043.
  • Merlevede B., Plasmans J. and van Aarle B., (2003), "A small Macroeconomic Model of the EU-Accession Countries", Open Economies Review, vol. 14(3), p. 221-250.
  • van Aarle B., di Bartolomeo G., Engwerda J. and Plasmans J., (2003), "Macroeconomic Stabilisation policies in the EMU: Spillovers, Asymmetries and Institutions", University of Antwerp Research Paper no. 2003-19.
  • van Aarle B., di Bartolomeo G., Engwerda J. and Plasmans J., (2003), "Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European Economic and Monetary Union", CESifo Working Paper no. 748, a much revised version appears in Computers and Operations Research.
  • van Aarle B., di Bartolomeo G., Engwerda J. and Plasmans J., (2004), "Policymakers' Coalitions and Stabilization Policies in the EMU", Journal of Economics, vol. 82(1), p. 1-24.
  • van Aarle B, di Bartolomeo G. Engwerda J. and Plasmans J., (2002), "Monetary and Fiscal Policy Design in the EMU using a Dynamic Game Approach: An Overview", Open Economies Review, vol. 13 nr. 4 (2002), p. 321-340.
  • van Aarle B., di Bartolomeo G., Engwerda J. and Plasmans J., (2001), "Coalitional Behavior in an open-loop LQ-differential game for the EMU" IFAC Papers and Proceedings 2001, p. 216-218. An extended version appeared in IFO Studien, vol. 48 nr. 2 (2002), p. 207-230.
  • van Aarle B., Engwerda J. and Plasmans J. (2001), "Monetary and Fiscal Policy Interaction in the EMU: A Dynamic Game Approach", CESifo Working Paper No. 437and University of Antwerp Research Paper 2001-005, final version appeared in Annals of Operations Research, vol. 109 nr. 4 (2002), p. 229-264.
  • van Aarle B. and Skuratowicz A., (2000), "Fiscal Adjustements and Their Effects during the Transition to EMU", Ludwig Boltzmann Institut Forschungsbericht 2000.13, final version appeared in Public Choice, vol. 109 nr. 3-4 (2001), p. 269-299.
  • van Aarle B. and Garretsen H., (2000), "Keynesian, Non-Keynesian or No Effects of Fiscal Policy Changes? The EMU Case" Ludwig Boltzmann Institut Vienna Forschungsbericht 2000/08, final version appeared in the Journal of Macroeconomics, vol. 25(2) (2003), p. 213-240. A German version appeared in Neck R., Holzmann R. and Zukunftsperspektiven", Vienna: MANZ Verlag.
  • van Aarle B., Engwerda J., Plasmans J. and Weeren A., (1999), "Monetary and Fiscal Policy Design under EMU: A Dynamic Game Approach", Ludwig Boltzmann Institut Vienna Forschungsbericht 9910 a German version appeared in Neck R. and Holzmann R. (eds.) "Was wird aus Euroland? Makrooekonomische Herausforderungen und wirtschaftspolitische Antworten", Vienna: MANZ Verlag.
  • van Aarle B., (1999), "The Euro: One Year After", NIRA Review, vol. 6 nr. 4 (1999), p. 22-25.
  • van Aarle B., Boss M. and Hlouskova J., (1999), "Forecasting the Euro Exchange Rate Using Vector Error Correction Models", mimeo Institute for Advanced Studies, Vienna. Final version appeared in Weltwirtschaftliches Archiv, vol. 136 nr. 2 (2000), p. 232-258.
  • van Aarle B., Engwerda J., Plasmans J. and Weeren A., (1998), "Macroeconomic Policy Interaction under EMU: A Dynamic Game Approach", UFSIA University of Antwerp Research Paper 99-20, and Open Economies Review, vol. 12 nr.1 (2001), p. 29-60.
  • van Aarle B., Garretsen H. and Van Moorsel C., (1998), "Internal and External Implications of EMU", University of Innsbruck Working Paper no. 1998/1, and Economic Systems, vol. 25 nr. 2 (2001), p. 127-148.
  • Engwerda J., van Aarle B. and Plasmans J., (1998), "Cooperative and Non-Cooperative Fiscal Stabilization Policies in the EMU", CentER for Economic Research Discussion Paper 98113, final version appeared in Journal of Economic Dynamics and Control, vol. 26 nr. 3 (2002), p. 451-481.
  • van Aarle B. and Huart F. (1997), "Monetary and Fiscal Unification in the EU: a Stylized Analysis", Center for Economic Studies Working Paper nr. 149 and Journal of Economics and Business, vol. 51 nr 1 (1999), p. 49-66.
  • Engwerda J., van Aarle B. and Plasmans J., (1997), "The (In)Finite Horizon Open-Loop Nash LQ-Game: an Application to EMU", CentER for Economic Research Discussion Paper 9784, final version appeared in Annals of Operations Research, vol. 88 (1999), p. 251-273.
  • van Aarle B and Garretsen (1997), "Fiscal Stabilization in the EMU", Katholieke Universiteit Nijmegen Working Paper 9701, and Review of International Economics, vol. 8 nr. 4 (2000), p. 741-759.
  • van Aarle B., (1996), "Essays on Monetary and Fiscal Policy Interaction: Applications to EMU and Eastern Europe", Amsterdam: Thesis Publishers ISBN 90-5668-023-4.
  • van Aarle B., "Output Stabilization in the EMU: Is there a Case for an EFTS? CentER for Economic Research Discussion Paper 9677 and Macroeconomic Dynamics, vol. 5 nr. 1 (2001), p. 56-80.
  • van Aarle B., (1996), "The Impact of the Single Market Program on Trade and Foreign Direct Investment in the EU", Joural of World Trade, vol. 30 nr. 6 (1996), p. 121-138.
  • van Aarle B. and Budina N., (1996), "Financial Repression, Inflation and Seigniorage: the Polish Experience", Institute for Advanced Studies Vienna East European Series Working Pper nr. 30, an improved version appeared in the Weltwirtschaftliches Archiv, vol. 133 nr. 4 (1997), p. 683-707.
  • van Aarle B., (1996), "Money, Fiscal Deficits and Government Debt in a Monetary Union", CentER for Economic Research Discussion Paper 9634, a shortened version appeared in the Journal of International and Comparative Economics, vol. 5 nr 4/5 (1997), p. 271-299.
  • van Aarle B. and Budina N., (1995b), "Currency Substitution, Seignorage and Reform: the Case of Bulgaria, Poland and Romania", Bulgarian National Bank Review, 2/1995, p. 9-17.
  • van Aarle B., Eijffinger S. and Lemmen J., (1995), "Geldmarktintegratie, Geloofwaardigheid van het Monetair Beleid en Wisselkoersstabiliteit in het EMS", (Money Market Integration, Credibility of Monetary Policy and Exchange Rate Stability in the ERM) Economisch en Sociaal Tijdschrift, vol. 49 nr. 2 (1995), p. 257-280.
  • van Aarle B. and Budina N., (1995), "Currency Substitution in Eastern Europe", CentER for Economic Research Discussion Paper 9502, a revised version appeared in the Journal of Policy Reform, vol. 1 nr. 3 (1996), p. 279-298. A translation into Czech appeared in Politicka Ekonomie, 1997 nr. 2, p. 171-181.
  • van Aarle B., Bovenberg L. and Raith M., (1995), 'Monetary and Fiscal Policy Interaction and Government Debt Stabilization", CentER Discussion Paper 9501, a substantially revised version appeared in the Journal of Economics, vol. 62 nr.3 (1995), p. 111-140.
  • van Aarle B., Bovenberg L. and Raith M., (1995), "Is there a Tragedy of a Common Central Bank? A Dynamic Analysis", Universität Bielefeld Discussion Paper 294, a revised version appeared in the Journal of Economic Dynamics and Control, vol. 21 nr. 2-3 (1997), p. 417-447.
  • van Aarle B., (1994), "Monetary Reform in Europe: a Common Currency and a European Central Bank", Tinbergen Institute Phd Research Bulletin, vol. 6 nr. 3 (1994), p. 33-43.
  • van Aarle B., (1994), "Social Welfare Effects of a Common Currency", Tilburg University Working Paper 648.
  • van Aarle B., (1994), "Currency Substitution and Currency Controls: the Polish Experience of 1990", Tilburg University Working Paper 637, a revised version appeared in Kunjunkturpolitik, vol. 45 (1997), p. 71-92.
  • van Aarle B., (1994), "The Target Zone Model and its Applicability to the Recent EMS Crisis", Tilburg University Working Paper 624.
Chapters in books
 
  • van Aarle B., Merlevede B. and Plasmans J., (2002), "Macro-Economic Adjustment in EU-Accession Countries: An Analysis Using a Small Macro-Economic Model", mimeo, forthcoming in Vinhas de Souza L. and Van Aarle B., (2003) (eds), "The Euro and the New EU Member States", Palgrave. ISBN: 1403915199, 288 p.
  • van Aarle B., Di Bartolomeo G., Engwerda J and Plasmans J., (2002), "Monetary and fiscal policy interaction in the EMU: A dynamic game approach", in Umbertini L. (ed.), Applied Simulation and Modelling, ACTA Press, Anaheim, Calgary and Zurich, pp. 19-24, ISBN 0--88986-334-2, 2002.
  • Wdowinski P. and van Aarle B., (1998), "Economic Performance in Poland under Fixed and Flexible Exchange Rates Regimes", in Papazoglou C. and Pentecost E. (eds), "Exchange Rate Policies, Prices and Supply-side Response. A study of Transitional Economies", Basingstoke: Palgrave (2001), p. 140-156.
  • van Aarle B., (1997), "Fiscal Policy in the EMU: An Overview" in Moser T. (ed.), "EMU and the Outside World", Dordrecht: Kluwer Academic Press (2000), p. 207-216.
  • van Aarle B., Bovenberg L. and Raith M., (1995c), "Budgetary Implications of a European Central Bank: a Purely Strategic Perspective", in Karadeleglou P. (ed) (1997), "Exchange Rate Policies in Europe", MacMillan Press, p. 132-152.
Work in progress
 
  • Engwerda J., Michalak T., Plasmans J. and van Aarle B., (2004), "Two-Stage Games of Endogenous Fiscal Coalition Formation: Institutional design of Stabilization Policies and the Accession to a Monetary Union", mimeo.
  • Engwerda J., Michalak T., Plasmans J. and van Aarle B., (2004), "Macroeconomic Policy Coordination in the EMU: Effects of Accession", mimeo.
  • Merlevede B., Schoors K. and van Aarle B., (2004), "A Small Macroeconomic Model of the Russian Economy", mimeo.
  • Merlevede B., Plasmans J. and van Aarle, B., (2003), "Monetary Policy with Hybrid Output Gaps and Inflation Rates: An Application to EU-Accession Countries", mimeo.
  • van Aarle B., "Government Solvency, Tax Smoothing and the Time-Inconsistency Problem of Government Debt: Empirical Evidence for Developing and Developed Countries", mimeo.
  • van Aarle B., (1999), "Determinants of Currency Crises: An Empirical Analysis", mimeo.