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Policy Papers

Effectiveness of Unconventional Monetary Policy in the Euro Area: An Assessment Based on a Literature Survey,

with Salomon Fiedler, Isabel Hanisch, and Nils Jannsen,

Credit and Capital Markets, forthcoming.

 

Is Globalization Reducing the Ability of Central Banks to Control Inflation? A Literature Review with an Application to the Euro Area,

with Salomon Fiedler, Nils Jannsen, and Stefan Reitz, S.,

Review of Economics, December 2016, 67(3): 231-254.

 

Transmission channels of unconventional monetary policy in the euro area: Where do we stand?

with Salomon Fiedler, Isabel Hanisch, and Nils Jannsen,

Monetary Expert Panel Briefing for the European Parliament's Committee on Economic and Monetary Affairs, November 2016.

 

Is Globalization Reducing the Ability of Central Banks to Control Inflation?

with Salomon Fiedler, Nils Jannsen and Stefan Reitz,

Monetary Expert Panel Briefing for the European Parliament's Committee on Economic and Monetary Affairs, November 2015.

 

The Effects of Monetary Policy during Financial Crises: Initially Useful, but Subsequently Largely Ineffective,

with Nils Jannsen and Galina Potjagailo,

Global Economic Symposium Blog, October 2015.

 

Quantitative Easing in the Euro Area: Transmission Channels and Risks,

with Klaus-Jürgen Gern, Nils Jannsen and Stefan Kooths,

Intereconomics, 50(4): 206-212, August 2015.

 

Quantitative Easing carried out by the US Fed, the Bank of England and the Bank of Japan: What are the key policy messages relevant for the euro area that can be drawn from these experiences?

with Klaus-Jürgen Gern, Nils Jannsen and Stefan Kooths,

Monetary Expert Panel Briefing for the European Parliament's Committee on Economic and Monetary Affairs, March 2015.

 

Is there a Threat of Self-Reinforcing Deflation in the Euro Area? A View through the Lens of the Phillips Curve,

with Volker Wieland,

IfW Kiel Policy Brief 79, September 2014.

 

Fiscal Consolidation Strategy: An Update for the Budget Reform Proposal of March 2013,

with John Cogan, John Taylor and Volker Wieland,

IMFS Working Paper No. 68, March 18, 2013.

 

Macroeconomic Model Comparisons and Forecast Competitions,

with Volker Wieland,

VoxEU.org, February 13, 2012