Tag: Monetary policy

Sovereign Stress, Banking Stress, and the Monetary Transmission Mechanism in the Euro Area

IWH Discussion Paper 3/2018 (together with Jan-Christopher Scherer) Abstract: In this paper, we investigate to what extend sovereign stress and banking stress have contributed to this increase in the level and in the heterogeneity of nonfinancial firms’ refinancing costs in

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Inflation Dynamics During the Financial Crisis in Europe: Cross-sectional Identification of Long-run Inflation Expectations

IWH Discussion Paper 10/2017 (togehter with Geraldine Dany-Knedlik) Abstract: We investigate drivers of Euro area inflation dynamics using a panel of regional Phillips curves and identify long-run inflation expectations by exploiting the crosssectional dimension of the data. Our approach simultaneously

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Global Food Prices and Monetary Policy in an Emerging Market Economy: The Case of India

(together with Sushanta Mallick), Journal of Asian Economics 46, 2016, 56-70 Abstract: This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this

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Interest Benefits from the Debt Crisis to the German Budget

(with Reint Gropp), IWH Online 8/2015, 1-14 Abstract: In a recent IWH online note, the IWH suggested that due to “flight to safety” effects, Germany was able to issue government debt at lower rates than otherwise would have been possible.

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