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

Tagged with:

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

Tagged with: , ,

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

Tagged with: ,

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.

Tagged with: ,
Top