About
Ph.D. in Applied Economics | Researcher in Macro-Finance, DSGE Modeling & Development Economics.
I hold a Ph.D. in Applied Economics from Ibn Zohr University, where I also teach (Part time) courses in macroeconomics and quantitative methods. My research focuses on the intersection of macroeconomics and finance—macro-finance—with a particular emphasis on developing and emerging economies. I study how financial frictions shape the business cycle, using Dynamic Stochastic General Equilibrium (DSGE) models to better understand the transmission of shocks and the role of monetary policy.
In parallel, I explore labor market dynamics, examining how employment, wages, and policy interact under structural constraints often present in low- and middle-income countries. My approach blends theory with applied macroeconometrics, always aiming to connect rigorous analysis with real-world policy relevance.
This commitment to research that bridges academic insight and policy application was recognized when I was awarded the Bank Al-Maghrib Prize for Economic and Financial Research (2025), for my work on macro-financial dynamics in the Moroccan economy.
Publications
- F. Lakhchen, “Financial Frictions and Monetary Policy in Developing Economies: An Estimated DSGE Model with a Banking Sector for Morocco”, International Economic Journal, 1-23, 2025. Download
- F. Lakhchen, “Replicating mankiw’s textbook dynamic model: A pedagogical pathway to new keynesian models”, HAL, Tech. Rep., 2024. Download
- F. Lakhchen, “Unraveling Wage Rigidity and its Impact on Business Cycles in Morocco”, SSRN Working paper, (October 5, 2023) Download
- M. E. Hachimi Alaoui and F. Lakhchen, “L’efficacité de la politique monétaire et la transition du régime de change au Maroc : Scénarisation par un modèle semi-structurel”, Revue Française d’Economie et de Gestion, vol. 4, no. 10, p. 1-18, 2023 Download
- F. Lakhchen, “L’effet amplificateur et frictions financières : Une analyse critique des modèles DSGE pré-crise financière”, European Scientific Journal, ESJ, vol. 19, no. 22, p. 34, 2023 Download
- M. E. Hachimi Alaoui and F. Lakhchen, “An assessment of the standard new keynesian model applied to Morocco: A bayesian estimation”, Economie, Gestion et Société, vol. 0, no. 14, 2017 Download
Teaching
- Buisness cycles and Macroeconomic stabilization policies.
Econometrics
- Introduction to econometrics, simple linear regression
- Multivariate linear regression
- Violation of simple linear regression assumptions
- Introduction to time series
- Unit-root tests
- ARDL
- Vector auto regressive (VAR) & VECM
- Spectral analysis
DSGE modeling
- Real business cycle theory
- Calibration & Solving Rational expectation models
- Introduction to New Keynesian DSGE modeling
- Introduction to Dynare
- Estimation of a DSGE model
Contact
If you would like to contact me, please email me at f.lakhchen@edu.uiz.ac.ma.