Philip Vermeulen

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Functions:

• Senior Economist

Fields of interest:

• Empirical macroeconomics

Education:

• Ph.D. in Economics, Stanford University, USA,1993-1999
• Accredited Teacher of Economics, Ghent University, 1991-1992
• Undergraduate studies in Economics, Ghent University, 1987-1991

Professional experience:

• European Central Bank, 1999-present
• National Bank of Belgium, Economic research, 1996-1997
• Ghent University, Research Assistant, 1991-1993

Teaching experience:

• Instructor, Stanford University, 1999

No.	Title	Authors
1907	Estimating the top tail of the wealth distribution	Philip Vermeulen
1884	Lenders on the storm of wholesale funding shocks: Saved by the central bank?	Leo de Haan, Philip Vermeulen, Jan Willem van den End
1859	Corporate investment and bank-dependent borrowers during the recent financial crisis	Andra Buca, Philip Vermeulen
1754	New evidence on elementary index bias	Enikö Gábor, Philip Vermeulen
1722	How do households allocate their assets? Stylised facts from the Eurosystem household finance and consumption survey	Luc Arrondel, Laura Bartiloro, Pirmin Fessler, Peter Lindner, Thomas Y. Mathä, Cristiana Rampazzi, Frédérique Savignac, Tobias Schmidt, Martin Schürz, Philip Vermeulen
1692	How fat is the top tail of the wealth distribution?	Philip Vermeulen
1417	Quantifying the qualitative responses of the output purchasing managers index in the US and the Euro area	Philip Vermeulen
856	Markups in the euro area and the US over the period 1981-2004: a comparison of 50 sectors	Rebekka Christopoulou, Philip Vermeulen
772	Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?	Philip Vermeulen
727	Price setting in the euro area: some stylised facts from individual producer price data	Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini, Harald Stahl
658	The response of firms‘ investment and financing to adverse cash flow shocks: the role of bank relationships	Catherine Fuss, Philip Vermeulen
640	Employment stickiness in small manufacturing firms	Philip Vermeulen
566	Real versus financial frictions to capital investment	Nihal Bayraktar, Plutarchos Sakellaris, Philip Vermeulen
563	Sticky prices in the euro area: a summary of new micro evidence	Luis J. Álvarez, Emmanuel Dhyne, Marco M. Hoeberichts, Claudia Kwapil, Hervé Le Bihan, Patrick Lünnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen, Jouko Vilmunen
485	Corporate investment and cash flow sensitivity: what drives the relationship?	Paul Mizen, Philip Vermeulen
347	Firms' investment decisions in response to demand and price uncertainty	Catherine Fuss, Philip Vermeulen
112	Firm investment and monetary transmission in the euro area	Jean-Bernard Chatelain, Andrea Generale, Ignacio Hernando, Ulf Von Kalckreuth, Philip Vermeulen
107	The interest rate and credit channel in Belgium: an investigation with micro-level firm data	Paul Butzen, Catherine Fuss, Philip Vermeulen
78	Investment and monetary policy in the euro area	Benoît Mojon, Frank Smets, Philip Vermeulen
37	Business fixed investment: evidence of a financial accelerator in Europe	Philip Vermeulen

No.	Title	Authors
128	Structural features of distributive trades and their impact on prices in the euro area	Task Force of the Monetary Policy Committee of the ESCB Robert Anderton, Aidan Meyler, Sabine Ervens, Claudia Sullivan, Luca Gattini, Mario Izquierdo, Valerie Jarvis, Ri Kaarup, Magdalena Komzakova, Bettina Landau, Matthias Mohr, Adrian Page, David Sondermann, Philip Vermeulen, David Cornille, Tsvetan Tsalinski, Zornitsa Vladova, Christin Hartmann, Harald Stahl, Suzanne Linehan, Hiona Balfoussia, Stelios Panagiotou, María de los Llanos Matea, Luis J. Álvarez, Pierre-Michel Bardet-Fremann, Nicoletta Berardi, Patrick Sevestre, Emanuela Ciapanna, Concetta Rondinelli, Demetris Kapatais, Erik Walch, Patrick Lünnemann, Sandra Zefara, Christopher Pace, Jasper Kieft, Friedrich Fritzer, Fatima Cardoso, Mateja Gabrijelcic, Branislav Karma, Jarkko Kivistö
100	Survey data on household finance and consumption: research summary and policy use	Eurosystem Household Finance and Consumption Network Isabelle de Greef, Pierrick Stinglhamber, Ulf Von Kalckreuth, Tobias Schmidt, Markus Grabka, Mary Keeney, Martina Lawless, Aisling Menton, Calliope Akantziliotou, Theodoros Mitrakos, Panagiota Tzamourani, Cristina Barceló, Olympia Bover, Ernesto Villanueva, Frédérique Savignac, Patrick Sevestre, Cédric Houdré, Ivan Faiella, Stefano Iezzi, Eliana Viviano, Stephan Haroutunian, Thomas Y. Mathä, Karen Caruana, Christopher Pace, Henriëtte M. Prast, Corry van Renselaar, Federica Teppa, Maarten van Rooij, Christian Beer, Pirmin Fessler, Martin Schürz, Luísa Farinha, Matej Brelih, Uroš Geršak, Matjaž Jeran, Irena Komprej, Risto Herrala, Jouko Vilmunen, Juha Honkkila, Jean-Marc Museux, Riccardo Bonci, Michael Ehrmann, Trevor Fitzpatrick, Magnus Forsells, Ramón Gómez-Salvador, Elke Hahn, David Lodge, Sébastien Pérez-Duarte, Carlos Sánchez Muñoz, Patrick Sandars, Frauke Skudelny, Jiri Slacalek, Philip Vermeulen, Caroline Willeke, Bernhard Winkler, Martin Zeleny, Luigi Guiso, Michael Haliassos, Arthur Kennickell

Title	Authors	Where	Date
An evaluation of business survey indices for short-term forecasting: Balance method versus Carlson–Parkin method	P. Vermeulen	International Journal of Forecasting,30 (4), October-December,2014	2014-10-31
Price setting in the euro area: some stylised facts from individual producer price data	Dias D., Dossche M., Gautier E., Hernando I., Sabbatini R., Stahl H., Vermeulen P.	Journal of Money Credit and Banking, 44, December 2012	2012-12-01
Markups in the Euro area and the US over the period 1981-2004: a comparison of 50 sectors	Christopoulou R., P. Vermeulen	Empirical Economics, Vol 42, February 2012	2012-02-01
Firms' investment decisions in response to demand and price uncertainty	C.Fuss, P. Vermeulen	Applied Economics, 40, August-Sept 2008	2008-08-01
The response of firms‘ investment and financing to adverse cash flow shocks: the role of bank relationships	C.Fuss, P. Vermeulen	Review of Business and Economics, 2008, 53(1), January-March.	2008-03-01
Sticky prices in the euro area: a summary of new micro evidence	Álvarez L.J., Dhyne E., Hoeberichts M., Kwapil C., Le Bihan H., Lünnemann P., Martins F., Sabbatine R., Vermeulen P.	Journal of the European Economic Association, 4, (2-3), April-May 2006	2006-04-01
Factor content, size, and export propensity at the firm level	P. Vermeulen	Economics letters, 82, 2006	2004-01-01
New findings on firm investment and monetary transmission in the euro area	Châtelain J-B, Generale A., Hernando I. P. Vermeulen, von Kalckreuth U.	Oxford Review of Economic Policy, 2003, 19 (1), Spring	2003-05-01
Monetary policy transmission in the euro area: new evidence from micro data on firms and banks	Châtelain J-B.,Ehrmann M.,Generale A., Martínez-Pagés, Vermeulen P., Worms A.,	Journal of the European Economic Association, 1 (2-3), April-May, 2003	2003-04-01
Investment and monetary policy in the euro area	Mojon B.,Smets F., Vermeulen P.	Journal of Banking and Finance, 64(3), July 2002	2002-11-01
The interest rate and credit channel in Belgium: an investigation with micro-level firm data	Butzen P.,Fuss C., P. Vermeulen	Cahiers Économiques de Bruxelles, 2002, 45 (3), Autumn.	2002-09-22
Business fixed investment: evidence of a financial accelerator in Europe	P. Vermeulen	Oxford Bulletin of Economics and Statistics, 64(3), July 2002	2002-07-01