Banque Centrale du Luxembourg

Steering committee representative: 
Paolo Guarda
Website: 
http://www.bcl.lu/en/index.php
URL Research Website: 
http://www.bcl.lu/en/Research/index.html
Research: 

BCL research focuses on four main subjects linked to the national economy:  

  1. the financial sector in all its facets
  2. the real estate market
  3. corporate finance
  4. public finance 

Latest research papers:

  • "LED: AN ESTIMATED DSGE MODEL OF THE LUXEMBOURG ECONOMY FOR POLICY ANALYSIS" 2020, Moura, WP No. 147(pdf) 
  • "PENELOPE: LUXEMBOURG TOOL FOR PENSION EVALUATION AND LONG-TERM PROJECTION EXERCISES" 2020, Marchiori, WP No. 140 (pdf) 
  • "THE LU-EAGLE MODEL WITH DISAGGREGATED PUBLIC EXPENDITURE" 2019, Sanchez and Moura, WP No. 135 (pdf)
  • "COSTLY DEFAULT AND ASYMMETRIC REAL BUSINESS CYCLES" 2019, Feve et al., WP No. 134 (pdf)
  • "MEASURING REAL AND FINANCIAL CYCLES IN LUXEMBOURG: AN UNOBSERVED COMPONENTS APPROACH", 2019, Guarda and Moura, WP 126 (pdf)