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Recent Research:
Working Papers:
A Transfer Mechanism for a Monetary Union
Money as Indicator for the Natural Rate of Interest
Monetary Policy and Unemployment in Open Economies
Opposition to capital market opening
Global Rebalancing in a Three-Country Model
Too Many Cooks? Committees in Monetary Policy
Labor Courts, Nomination Bias, and Unemployment in Germany
Journals:
How German Labor Courts Decide –an Econometric Case Study
Beggar-Thyself or Beggar-Thy-Neighbour? The Welfare Effects of Monetary Policy
External Imbalances and the US Current Account: How Supply-Side Changes affect an Exchange Rate Adjustment
Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication
Forecasting ECB Monetary Policy: Accuracy Is A Matter of Geography
Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Does Money still Matter for U.S. Output?
Books:
Currency Boards in Retrospect and Prospect
The European Central Bank at Ten
more publications...
