Tour De France 03

Curriculum Vitae Bas van Aarle

Latest news:

April: transition to Linux underway.

May: CESifo Conference "Enlarging the Euro Area", Muenich, November 24 2006, submission deadline May 31.

June 2: Euroframe conference, Berlin

Professional Address
Bas van Aarle

University of Maastricht

Faculty of Economics and B.A.

Tongersestraat 53

P.O. Box 616

6200 MD Maastricht

The Netherlands
tel: + 31-43-3883640 (private +32-19-588882)

fax: +31-43-3884150
@: b.vanaarle@algec.unimaas.nl

Fields of Interest
Macroeconomics, Monetary and Fiscal Policy, European integration

Academic Qualification
M.A. in Macro Economics, Tilburg University, January 1992
Ph.D. in Macro Economics, CentER Tilburg University, December1996

Previous Positions
Ph.D. student, CentER for Economic Research, Tilburg University September 1992-September 1996
Researcher, University of Nijmegen, September 1996-June 1998
Lecturer, Department of Economics, University of Antwerp (UFSIA), February 1997-August 1997
Researcher, Institute for Advanced Studies, Vienna, June 1998-October 1998
Researcher, Center for Economic Studies, University of Munich, November 1998-October 1999
Visiting Researcher, European Central Bank, October 2000-January 2001

Researcher, Licos and KU Leuven, Postdoctoral Fellow FWO November 1999-August 2005.

Current Position

Lecturer, University of Maastricht, the Netherlands

Date of Birth
April 20, 1968 in Nijmegen, the Netherlands

· Publications

[1] van Aarle, B. (1994), "The Target Zone Model and its Applicability to the Recent EMS Crisis", Tilburg University Working Paper 624.

[2] van Aarle, B. (1994), "Currency Substitution and Currency Controls: the Polish Experience of 1990", Tilburg University Working Paper 637, a revised version appeared in Konjunkturpolitik, vol.45 (1997), p.71-92.

[3] van Aarle, B. (1994), "Social Welfare Effects of a Common Currency", Tilburg University Working Paper 648.

[4] van Aarle, B. (1994), "Monetary Reform in Europe: a Common Currency and an European Central Bank", Tinbergen Institute Phd Research Bulletin, vol.6 nr.3 (1994), p.33-43.

[5] van Aarle, B., L. Bovenberg and M. Raith (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.

[6] van Aarle, B., L. Bovenberg and M. Raith (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.

[7] van Aarle, B. and N. Budina (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.

[8] van Aarle, B., S. Eijffinger and J. Lemmen (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.

[9] van Aarle, B. and N. Budina (1995b), "Currency Substitution, Seignorage and Reform: the Case of Bulgaria, Poland and Romania", Bulgarian National Bank Review, 2/1995, p.9-17.

[10] van Aarle, B., L. Bovenberg and M. Raith (1995c), "Budgetary Implications of a European Central Bank: a Purely Strategic Perspective", in P. Karadeleglou (ed.) (1997), "Exchange Rate Policies in Europe", MacMillan Press, p.132-152.

[11] 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.

[12] van Aarle, B. and N. Budina (1996), "Financial Repression, Inflation and Seigniorage: the Polish Experience", Institute for Advanced Studies Vienna East European Series Working Paper nr. 30, an improved version appeared in the Weltwirtschaftliches Archiv, vol.133 nr.4 (1997), p.683-707.

[13] van Aarle, B. (1996), "The Impact of the Single Market Program on Trade and Foreign Direct Investment in the EU", Journal of World Trade, vol.30 nr. 6 (1996), p.121-138.

[14] van Aarle, B. (1996), "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.

[15] van Aarle, B., "Government Solvency, Tax Smoothing and the Time-Inconsistency Problem of Government Debt: Empirical Evidence for Developing and Developed Countries", mimeo.

[16] 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.

[17] van Aarle, B. and H. 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.

[18] Engwerda, J., B. van Aarle and J. Plasmans (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.

[19] 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.

[20] van Aarle, B., and F. Huart (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.

[21] Engwerda, J., B. van Aarle and J. Plasmans (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.

[22] van Aarle, B., H. Garretsen and C. van Moorsel (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.

[23] van Aarle, B., J. Engwerda, J. Plasmans and A. Weeren (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.

[24] Wdowinski, P. and B. van Aarle (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.

[25] van Aarle, B., (1999), "Determinants of Currency Crises: An Empirical Analysis", mimeo

[26] van Aarle, B., M. Boss and J. Hlouskova (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.

[27] van Aarle, B. (1999), "The Euro: One Year After", NIRA Review, vol. 6 nr.4 (1999), p.22-25.

[28] van Aarle, B., J. Engwerda, J. Plasmans and A. Weeren (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 R. Holzmann (eds.) "Was wird aus Euroland? Makrooekonomische Herausforderungen und wirtschaftspolitische Antworten", Vienna: MANZ Verlag.

[29] van Aarle, B. and H. Garretsen (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., R. Holzmann and F. Schneider (eds.) "Staatsschulden am Ende? Ursachen, Wirkungen und Zukunftsperspektiven", Vienna: MANZ Verlag.

[30] van Aarle, B. and A. Skuratowicz (2000), "Trade and FDI Effects of EU Enlargement", OCFEB Papers and Proceedings nr. 2, p.38-70, a smaller version appeared in Karadeloglou, P., (ed.) "Enlarging the EU: The Trade Balance Effects", Basingstoke: Palgrave (2002), p.237-260.

[31] Gobbin, N. and B. van Aarle (2000), "Fiscal Adjustments 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.

[32] van Aarle, B., J. Engwerda and J. Plasmans (2001), "Monetary and Fiscal Policy Interaction in the EMU: A Dynamic Game Approach", CESifo Working Paper No. 437 and University of Antwerp Research Paper 2001-005, final version appeared in Annals of Operations Research, vol. 109 nr.4 (2002), p.229-264.

[33] van Aarle, B., G. di Bartolomeo, J. Engwerda and J. Plasmans (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.

[34] van Aarle, B., G. di Bartolomeo, J. Engwerda and J. Plasmans (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.

[35] van Aarle, B., G. Di Bartolomeo, J. Engwerda and J. Plasmans (2002), "Monetary and fiscal policy interaction in the EMU: A dynamic game approach", in L. Umbertini [edit.], Applied Simulation and Modelling, ACTA Press, Anaheim, Calgary and Zurich, pp. 19-24, ISBN: 0-88986-334-2, 2002.

[36] van Aarle, B. Merlevede, and J. Plasmans (2002), "Macro-Economic Adjustment in EU-Accession Countries: An Analysis Using a Small Macro-Economic Model ", mimeo, forthcoming in Vinhas de Souza, L. and B. van Aarle (2003) (eds.),"The Euro and the New EU Member States", Palgrave. ISBN: 1403915199. 288 p.

[37] Vinhas de Souza, L. and B. van Aarle (2003) (eds.),"The Euro and the New EU Member States", Palgrave. ISBN: 1403915199. 288 p.

[38] van Aarle, B., G. di Bartolomeo, J. Engwerda and J. Plasmans (2004), "Policymakers' Coalitions and Stabilization Policies in the EMU", Journal of Economics, vol. 82(1), p. 1-24.

[39] van Aarle, B., G. di Bartolomeo, J. Engwerda and J. Plasmans (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 appeared in Computers and Operations Research, vol. 33, p.438-463.

[40] van Aarle, B., G. di Bartolomeo, J. Engwerda and J. Plasmans (2003), "Macroeconomic Stabilisation policies in the EMU: Spillovers, Asymmetries and Institutions", University of Antwerp Research Paper no.2003-19, forthcoming in Scottish Journal of Political Economy.

[41] Merlevede, B., J. Plasmans and B. van Aarle (2003), "A Small Macroeconomic Model of the EU-Accession Countries", Open Economies Review, vol. 14(3), p.221-250.

[42] Merlevede, B., J. Plasmans and B. van Aarle (2003), "Monetary Policy with Hybrid Output Gaps and Inflation Rates: An Application to EU-Accession Countries", mimeo.

[43] van Aarle, B., H. Garretsen and F. Huart (2003), "Transatlantic Monetary and Fiscal Policy Design", CESifo Working Paper no. 1043.

[44] van Aarle, B., H. Garretsen and N. Gobbin (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.

[45] van Aarle, B., H. Garretsen and F. Huart (2004), "Monetary and Fiscal Policy Rules in the EMU", German Economic Review, vol. 5(4), p. 407-434.

[46] Merlevede, B., K. Schoors and B. van Aarle (2004), "Russia from Bust to Boom: Oil, Politics or the Ruble?", William Davidson Institute Working Paper Number 722 October 2004, fortcoming in Journal of Comparative Economics.

[47] van Aarle, B., H. Garretsen and F. Huart (2004), "Chocs et Règles de Politique Économique en UEM", forthcoming in Economie et Prevision.

[48] van Aarle, B., H. Garretsen and F. Huart (2004), "Policy Rules in the Euro-Area and International Interdependencies", Applied Economics Quarterly , vol.50(3), p.277-296.

[49] Engwerda, J., T. Michalak, J. Plasmans and B. van Aarle (2004), "Macroeconomic Policy Coordination in the EMU: Effects of Accession", mimeo.

[50] Engwerda, J., T. Michalak, J. Plasmans and B. van Aarle (2004), "Two-Stage Games of Endogenous Fiscal Coalition Formation: Institutional design of Stabilization Policies and the Accession to a Monetary Union", mimeo.

[51] van Aarle, B., E. de Jong and R. Sosoian (2005), "Macroeconomic Stabilization in Ukraine: Is it Sustainable?", forthcoming in Economic Systems.

[52] Plasmans, J., J. Engwerda, B. van Aarle, G. di Bartolomeo, T. Michalak (2005), Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations, Series: Dynamic Modeling and Econometrics in Economics and Finance, Vol. 8., 325 p., Hardcover ISBN: 0-387-27884-2. Springer Verlag

[53] van Aarle, B., H. Garretsen and C. Moons (2005), Monetary Policy in the Euro-Area: An Analysis Using a Stylized New-Keynesian Model, mimeo.

[54] van Aarle, B., E. de Jong and R. Sosoian (2005), Effects of the Shadow Economy in Ukraine: An Analysis Using a Macroeconomic Model, forthcoming in Vinhas de Souza, L. and P. De Lombaerde (eds.), The Periphery of the Euro Monetary and Exchange Rate Policy in CIS Countries. Ashgate Publishing Company.

[55] van Aarle, B., H. Garretsen and N. Gobbin (2005), "Macroeconomic Adjustment in the Euro area: Evidence from a Structural VAR Analysis", in Mazzi, G. and G. Savio, Proceedings of the 4th Eurostat and DG ECFIN colloquium on Modern Tools for Business Cycle Analysis, forthcoming Palgrave MacMillan.

· Current External Research Projects and Networks

- National Bank of Belgium: “Price and Wage Rigidities in an Open Economy and Their Macroeconomic Implications”, May 2005-September 2006.

With:

Joseph Plasmans, Tomasz Michalak, Jorge Fornero (University of Antwerp)

- DG ECFIN Economy of the Eurozone and Union: “Economic Spillover and Policy Coordination in the Euro Area”, January 2005-December 2005.

With :

Klaus Weyerstrass, Reinhard Neck, Gottfried Haber (IHS Kaernten and University of Klagenfurt)

Koen Schoors, Niko Gobbin, Peter Claeys (Ghent University)

- Research Affiliate CESifo, Munich, Germany

- Member KVS

- Member VVE

- Member EABCN

· Editorial Board

Atlantic Economic Journal (since 2002)

· Refereeing

European Economic Review, Weltwirtschaftliches Archiv, Review of International Economics, Journal of Macroeconomics, Journal of Economics and Business, Economic Systems, Zeitschrift fuer Wirtschafts und Sozialwissenschaften, IFO Studien, Empirical Economics, Public Choice, European Journal of Political Economy, Atlantic Economic Journal, German Economic Review, Journal of Money, Credit and Banking, International Economic Review, Journal of Comparative Economics, Applied Economics Quarterly.

· Teaching

1997, Monetary economics, University of Antwerp, undergraduate level

1998, Macroeconomics, University of Nijmegen, undergraduate level

1999, Macroeconomics, University of Muenich, undergraduate level

2000, University of Leuven, Macroeconomics, graduate level

2002, University of Leuven, Labour Economics, undergraduate level

2003, University of Leuven, International Economics, undergraduate level

2003, University of Leuven, Labour Economics, undergraduate level

2004, University of Leuven, Labour Economics, undergraduate level

2005, University of Leuven, Labour Economics, undergraduate level

2005, University Maastricht, International Financial Markets and International Banking (3044B), B.Sc. course

2005, University Maastricht, Financial Economics: Monetary Theory (0506M), M.A. course

2005, University Maastricht, Macroeconomics (2012B-0506), B. Sc. course

2006, University Maastricht, International Macroeconomics (SS231 UCM), B.Sc.course

2006, University Maastricht, Macroeconomics and Social Protection, M.A. course

· Miscellaneous

- Language skills: Dutch (mother tongue), English (very good command), German (very good command), French (good command)

My Region

La Hesbaye is the region situated between Namur and Liege in the French speaking part of Belgium. Its capital is Waremme. It is a very agriculturally oriented region.

http://www.tourisme-hesbaye-meuse.be/

http://www.hesbaye.com/

My Cycling

This year's Tour de France will visit Belgium, the Netherlands, Luxembourg on

Mardi 4 juillet  	216 km 
	Esch-sur-Alzette > Valkenburg
Mercredi 5 juillet 	215 km 
	Huy > Saint-Quentin

Click here to get in the mood already!

My Music

Dutch/Flemish

Stef Bos: http://www.stefbos.nl/

Gorki: http://www.gorki.be

French

Etienne de Crecy: http://www.v2.fr/etiennedecrecy.htm

Indochine: http://www.indo.fr/

Renaud: http://www.renaud-chanteur.com/

I Muvrini: http://www.muvrini.com/

Pascal Obispo: http://www.sonymusic.fr/obispo/

Mylene Farmer: http://www.mylene.net/

English

The Smiths: http://www.askmeaskmeaskme.com/

Electronic, Ambient (see also sites like http://www.last.fm/radio)

Groove Armada: http://www.groovearmada.com/

Kraftwerk: http://www.kraftwerk.com/

Chicane: http://www.chicanemusic.com/

Ulrich Schnauss: http://www.ulrich-schnauss.com/

My Humor

My Garden