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Citations of
Günter Coenen

For current contact information and a more complete listing of works, please see here

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Working papers

  1. Kai Christoffel & Günter Coenen & Anders Warne, 2008. "The new area-wide model of the euro area - a micro-founded open-economy model for forecasting and policy analysis," Working Paper Series 944, European Central Bank. [Downloadable!]

    Cited by:

    1. Gonzalo Fernández-de-Córdoba & José L. Torres, 2009. "Forecasting the Spanish economy with an Augmented VAR-DSGE model," Working Papers 2009-1, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center. [Downloadable!]
    2. Andreas Beyer & Vítor Gaspar & Christina Gerberding & Otmar Issing, 2009. "Opting out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods," CFS Working Paper Series 2009/01, Center for Financial Studies. [Downloadable!]
      Other versions:
    3. Burriel, Pablo & Fernández-Villaverde, Jesús & Rubio-Ramirez, Juan Francisco, 2009. "MEDEA: A DSGE Model for the Spanish Economy," CEPR Discussion Papers 7297, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:

  2. Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub, 2008. "International transmission and monetary policy cooperation," Working Paper Series 858, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. Pierre L. Siklos, 2009. "As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 292, July. [Downloadable!]
    2. Hubert Kempf & Leopold von Thadden, 2008. "On policy interactions among nations. When do cooperation and commitment matter?," Working Paper Series 880, European Central Bank. [Downloadable!]
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    3. John B. Taylor, 2007. "Globalization and Monetary Policy: Missions Impossible," NBER Chapters, in: International Dimensions of Monetary Policy National Bureau of Economic Research, Inc. [Downloadable!]

  3. Günter Coenen & Peter McAdam & Roland Straub, 2007. "Tax reform and labour-market performance in the euro area - a simulation-based analysis using the New Area-Wide Model," Working Paper Series 747, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. Michal Horvath, 2008. " The Effects of Government Spending Shocks on Consumption under Optimal Stabilization," CDMA Working Paper Series 0805, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
    2. Ivan Tchakarov & Roland Straub, 2007. "Assessing the Impact of a Change in the Composition of Public Spending: A DSGE Approach," IMF Working Papers 07/168, International Monetary Fund. [Downloadable!]
    3. Rene Lalonde & Dirk Muir, 2007. "The Bank of Canada's Version of the Global Economy Model (BoC-GEM)," Technical Reports 98, Bank of Canada. [Downloadable!]
    4. Elöd Takáts & Tamás K. Papp, 2008. "Tax Rate Cuts and Tax Compliance--The Laffer Curve Revisited," IMF Working Papers 08/7, International Monetary Fund. [Downloadable!]
    5. Frank Schorfheide & Keith Sill & Maxym Kryshko, 2008. "DSGE model-based forecasting of non-modelled variables," Working Papers 08-17, Federal Reserve Bank of Philadelphia. [Downloadable!]
      Other versions:
    6. Peter McAdam & Alpo Willman, 2007. "State-dependency and firm-level optimization - a contribution to Calvo price staggering," Working Paper Series 806, European Central Bank. [Downloadable!]
    7. Eric Mayer & Oliver Grimm, 2008. "Countercyclical Taxation and Price Dispersion," CER-ETH Economics working paper series 08/88, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich. [Downloadable!]
    8. Jordi Galí & Mark Gertler, 2007. "Macroeconomic Modeling for Monetary Policy Evaluation," Economics Working Papers 1039, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2007. [Downloadable!]
      Other versions:
    9. Jose Emilio Boscá & Rafael Domenech & Javier Ferri, 2008. "Tax Reforms and Labour-market Performance: An Evaluation for Spain using REMS," Working Papers 0804, International Economics Institute, University of Valencia. [Downloadable!]
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    10. Pascal Jacquinot & Roland Straub, 2008. "Globalisation and the euro area - simulation based analysis using the New Area Wide Model," Working Paper Series 907, European Central Bank. [Downloadable!]
    11. Silvia Sgherri & Tamim Bayoumi, 2006. "Mr. Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model," IMF Working Papers 06/168, International Monetary Fund. [Downloadable!]
      Other versions:
    12. Bokan, Nikola & Hughes Hallett, Andrew, 2008. "The Impact of Tax and Market Distortions on the Phillips Curve and the Natural Rate of Unemployment," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 2(27), pages 1-28. [Downloadable!]
    13. Matti Viren, 2009. "Does the Value-Added Tax Shift to Consumption Prices?," AUCO Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 3(2), pages 123-142, July. [Downloadable!]
    14. Gabriel Fagan & Julián Messina, 2009. "Downward wage rigidity and optimal steady-state inflation," Working Paper Series 1048, European Central Bank. [Downloadable!]
    15. Javier Andrés & Pablo Burriel & Ángel Estrada, 2006. "BEMOD: a DSGE model for the Spanish economy and the rest of the Euro area," Banco de España Working Papers 0631, Banco de España. [Downloadable!]
    16. Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub, 2008. "International transmission and monetary policy cooperation," Working Paper Series 858, European Central Bank. [Downloadable!]
      Other versions:
    17. Paul Levine & Peter McAdam & Joseph Pearlman, 2007. "Quantifying and sustaining welfare gains from monetary commitment," Working Paper Series 709, European Central Bank. [Downloadable!]
      Other versions:
    18. Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse, 2008. "Risk Management in Action. Robust monetary policy rules under structured uncertainty," Working Paper Series 870, European Central Bank. [Downloadable!]
    19. Selim Elekdag & René Lalonde & Douglas Laxton & Dirk Muir & Paolo Pesenti, 2007. "Oil Price Movements and the Global Economy: A Model-Based Assessment," Working Papers 07-34, Bank of Canada. [Downloadable!]
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    20. Lorenzo Forni & Libero Monteforte & Luca Sessa, 2007. "The general equilibrium effects of fiscal policy: estimates for the euro area," Temi di discussione (Economic working papers) 652, Bank of Italy, Economic Research Department. [Downloadable!]
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    21. Mourinho Félix, Ricardo & Almeida, Vanda & Castro, Gabriela, 2008. "Improving competition in the non-tradable goods and labour markets: the Portuguese case," MPRA Paper 13945, University Library of Munich, Germany. [Downloadable!]
    22. Ali Choudhary & Paul Levine, 2006. "The 24/7 Society and Multiple Habits," Department of Economics Discussion Papers 0506, Department of Economics, University of Surrey. [Downloadable!]
    23. Günter Coenen & Matthias Mohr & Roland Straub, 2008. "Fiscal consolidation in the euro area - long-run benefits and short-run costs," Working Paper Series 902, European Central Bank. [Downloadable!]
      Other versions:
    24. Steffen Henzel & Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2007. "The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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    25. Tamim Bayoumi & Silvia Sgherri, 2007. "On the Impact of Income and Policy Shocks on Consumption," DNB Working Papers 152, Netherlands Central Bank, Research Department. [Downloadable!]
    26. Paul Levine & Joseph Pearlman & Richard Pierse, 2007. "Linear-quadratic approximation, external habit and targeting rules," Working Paper Series 759, European Central Bank. [Downloadable!]
      Other versions:
    27. Roland Straub & Ivan Tchakarov, 2007. "Assessing the impact of a change in the composition of public spending - a DSGE approach," Working Paper Series 795, European Central Bank. [Downloadable!]

  4. Roland Straub & Günter Coenen, 2005. "Non-Ricardian Households and Fiscal Policy in an Estimated DSGE Model of the Euro Area," Computing in Economics and Finance 2005 102, Society for Computational Economics. [Downloadable!]

    Cited by:

    1. Matthew Canzoneri & Robert Cumby & Behzad Diba & Olena Mykhaylova, 2006. "New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials," Open Economies Review, Springer, vol. 17(1), pages 27-55, January. [Downloadable!] (restricted)
    2. Galí, Jordi & López-Salido, J David & Vallés Liberal, Javier, 2005. "Understanding the Effects of Government Spending on Consumption," CEPR Discussion Papers 5212, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    3. Hess Chung & Eric M. Leeper, 2007. "What Has Financed Government Debt?," NBER Working Papers 13425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    4. Andrea Colciago, 2006. "Sticky wages and rule of thumb consumers," Working Papers 98, University of Milano-Bicocca, Department of Economics, revised Sep 2006. [Downloadable!]
    5. Marco Ratto, 2008. "Analysing DSGE Models with Global Sensitivity Analysis," Computational Economics, Springer, vol. 31(2), pages 115-139, March. [Downloadable!] (restricted)
    6. Heijdra, Ben J. & Ligthart, Jenny E., 2005. "Fiscal policy, monopolistic competition, and finite lives," Discussion Paper 126, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:

  5. Günter Coenen & Roland Straub, 2005. "Does government spending crowd in private consumption? Theory and empirical evidence for the euro area," Working Paper Series 513, European Central Bank. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Michal Horvath, 2008. " The Effects of Government Spending Shocks on Consumption under Optimal Stabilization," CDMA Working Paper Series 0805, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
    2. Ivan Tchakarov & Roland Straub, 2007. "Assessing the Impact of a Change in the Composition of Public Spending: A DSGE Approach," IMF Working Papers 07/168, International Monetary Fund. [Downloadable!]
    3. Elizaveta Krylova & Jussi Nikkinen & Sami Vähämaa, 2005. "Cross-dynamics of volatility term structures implied by foreign exchange options," Working Paper Series 530, European Central Bank. [Downloadable!]
    4. Pierre-Richard Agénor & Koray Alper, 2009. "Monetary Shocks and Central Bank Liquidity with Credit Market Imperfections," Centre for Growth and Business Cycle Research Discussion Paper Series 120, Economics, The Univeristy of Manchester. [Downloadable!]
    5. Ratto Marco & Roeger Werner & Veld Jan, 2006. "Fiscal Policy in an estimated open-economy model for the EURO area," Computing in Economics and Finance 2006 43, Society for Computational Economics. [Downloadable!]
    6. Roberto Perotti, 2007. "In Search of the Transmission Mechanism of Fiscal Policy," NBER Working Papers 13143, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Pascal Jacquinot & Roland Straub, 2008. "Globalisation and the euro area - simulation based analysis using the New Area Wide Model," Working Paper Series 907, European Central Bank. [Downloadable!]
    8. John F. Cogan & Tobias Cwik & John B. Taylor & Volker Wieland, 2009. "New Keynesian versus Old Keynesian Government Spending Multipliers," Working Paper Series 1090, European Central Bank. [Downloadable!]
    9. Silvia Sgherri & Tamim Bayoumi, 2006. "Mr. Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model," IMF Working Papers 06/168, International Monetary Fund. [Downloadable!]
      Other versions:
    10. António Afonso, 2005. "Ricardian fiscal regimes in the European Union," Working Paper Series 558, European Central Bank. [Downloadable!]
      Other versions:
    11. José Emilio Boscá & Javier Ferri & Rafa Doménech, 2009. "Search, Nash Bargaining and Rule of Thumb Consumers," Working Papers 0901, International Economics Institute, University of Valencia. [Downloadable!]
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    12. G. Peersman & R. Straub, 2006. "Putting the New Keynesian Model to a Test," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/375, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    13. Silvia Sgherri & Tamim Bayoumi, 2009. "On Impatience and Policy Effectiveness," IMF Working Papers 09/18, International Monetary Fund. [Downloadable!]
    14. Andreas Schabert, 2005. "Discretionary policy, multiple equilibria, and monetary instruments," Working Paper Series 533, European Central Bank. [Downloadable!]
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    15. Michal Horvath, 2007. " Optimal Monetary and Fiscal Policy in an Economy with Non-Ricardian Agents," CDMA Working Paper Series 0703, Centre for Dynamic Macroeconomic Analysis, revised May 2007. [Downloadable!]
    16. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2005. "Price setting behaviour in Spain: evidence from micro PPI data," Working Paper Series 522, European Central Bank. [Downloadable!]
      Other versions:
    17. Lorenzo Forni & Libero Monteforte & Luca Sessa, 2007. "The general equilibrium effects of fiscal policy: estimates for the euro area," Temi di discussione (Economic working papers) 652, Bank of Italy, Economic Research Department. [Downloadable!]
      Other versions:
    18. Günter Coenen & Peter McAdam & Roland Straub, 2007. "Tax reform and labour-market performance in the euro area - a simulation-based analysis using the New Area-Wide Model," Working Paper Series 747, European Central Bank. [Downloadable!]
      Other versions:
    19. Roland Straub & Christian Thimann, 2009. "The external and domestic side of macroeconomic adjustment in China," Working Paper Series 1040, European Central Bank. [Downloadable!]
    20. Francesco Furlanetto & Martin Seneca, 2007. "Rule-of-thumb consumers, productivity and hours," Working Paper 2007/05, Norges Bank. [Downloadable!]
    21. Günter Coenen & Matthias Mohr & Roland Straub, 2008. "Fiscal consolidation in the euro area - long-run benefits and short-run costs," Working Paper Series 902, European Central Bank. [Downloadable!]
      Other versions:
    22. Guido Wolswijk, 2005. "On some fiscal effects on mortgage debt growth in the EU," Working Paper Series 526, European Central Bank. [Downloadable!]
    23. Davide Furceri & Ricardo M. Sousa, 2009. "The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects"," NIPE Working Papers 6/2009, NIPE - Universidade do Minho. [Downloadable!]
    24. Kühn, Stefan & Muysken, Joan & Veen, Tom van, 2009. "The Adverse Effects of Government Spending on Private Consumption in New Keynesian Models," Research Memoranda 004, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
    25. Roland Straub & Ivan Tchakarov, 2007. "Assessing the impact of a change in the composition of public spending - a DSGE approach," Working Paper Series 795, European Central Bank. [Downloadable!]
    26. Dibartolomeo, Giovanni & Rossi, Lorenza & Tancioni, Massimiliano, 2004. "Monetary Policy under Rule-of-Thumb Consumers and External Habits: An International Empirical Comparison," MPRA Paper 1094, University Library of Munich, Germany, revised Jun 2006. [Downloadable!]
      Other versions:

  6. Adalid, Ramon & Coenen, Gunter & McAdam, Peter & Siviero, Stefano, 2005. "The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area," MPRA Paper 821, University Library of Munich, Germany. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Livio Stracca, 2006. "A speed limit monetary policy rule for the euro area," Working Paper Series 600, European Central Bank. [Downloadable!]
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    2. Marco Del Negro & Frank Schorfheide, 2005. "Monetary policy analysis with potentially misspecified models," Working Papers 06-4, Federal Reserve Bank of Philadelphia. [Downloadable!]
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    3. Miguel Casares, 2006. "A close look at model-dependent monetary policy design," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 451-470. [Downloadable!]
    4. Küster, Keith & Wieland, Volker, 2005. "Insurance Policies for Monetary Policy in the Euro Area," CEPR Discussion Papers 4956, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    5. Patrick Honohan & Anthony J. Leddin, 2006. "Ireland in EMU - More Shocks, Less Insulation?," The Economic and Social Review, Economic and Social Studies, vol. 37(2), pages 263-294. [Downloadable!]
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    6. Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse, 2008. "Risk Management in Action. Robust monetary policy rules under structured uncertainty," Working Paper Series 870, European Central Bank. [Downloadable!]
    7. Solange Gouvea & Abhijit Sen Gupta, 2007. "Monetary Policy Design under Competing Models of Inflation Persistence," Working Papers Series 137, Central Bank of Brazil, Research Department. [Downloadable!]
    8. Miguel Casares, 2007. "Firm-Specific or Household-Specific Sticky Wages in the New Keynesian Model?," International Journal of Central Banking, International Journal of Central Banking, vol. 3(4), pages 181-240, December. [Downloadable!]
    9. Paolo Angelini & Paolo Del Giovane & Stefano Siviero & Daniele Terlizzese, 2008. "Monetary Policy in a Monetary Union: What Role for Regional Information?," International Journal of Central Banking, International Journal of Central Banking, vol. 4(3), pages 1-28, September. [Downloadable!]

  7. Andrew Levin & Günter Coenen, 2005. "Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior," Computing in Economics and Finance 2005 66, Society for Computational Economics.
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    Published as:

    Cited by:

    1. Andrew T. Levin & J. David Lopez-Salido & Tack Yun, 2007. "Strategic Complementarities and Optimal Monetary Policy," Kiel Working Papers 1355, Kiel Institute for the World Economy. [Downloadable!]
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    2. Maarten Dossche & Freddy Heylen & Dirk Van den Poel, 2006. "The kinked demand curve and price rigidity : evidence from scanner data," Research series 200610-11, National Bank of Belgium. [Downloadable!]
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    3. Edward Nelson, 2007. "The great inflation and early disinflation in Japan and Germany," Working Papers 2006-052, Federal Reserve Bank of St. Louis. [Downloadable!]
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    4. Michael Woodford, 2005. "Firm-specific capital and the new-Keynesian Phillips curve," Discussion Papers 0405-17, Columbia University, Department of Economics. [Downloadable!]
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    5. Huw Dixon & Engin Kara, 2007. "Persistence and Nominal Inertia in a Generalized Taylor Economy: How Longer Contracts Dominate Shorter Contracts," Discussion Papers 07-01, Department of Economics, University of Birmingham. [Downloadable!]
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    6. Ignazio Angelloni & Luc Aucremanne & Michael Ehrmann & Jordi Galí & Andrew Levin & Frank Smets, 2005. "New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling," Economics Working Papers 910, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    7. Dixon, Huw, 2009. "A unified framework for understanding and comparing dynamic wage and price setting models," Cardiff Economics Working Papers E2009/20, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
    8. de Walque, Gregory & Smets, Frank & Wouters, Rafael, 2006. "Firm-Specific Production Factors in a DSGE Model with Taylor Price Setting," MPRA Paper 810, University Library of Munich, Germany. [Downloadable!]
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    9. Andreas Hornstein & Alexander L. Wolman, 2005. "Trend inflation, firm-specific capital, and sticky prices," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 57-83. [Downloadable!]
    10. Rolf Scheufele, 2008. "Evaluating the German (New Keynesian) Phillips Curve," IWH Discussion Papers 10-08, Halle Institute for Economic Research. [Downloadable!]
    11. Altig, David & Christiano, Lawrence & Eichenbaum, Martin & Lindé, Jesper, 2004. "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," Working Paper Series 176, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
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    12. Huw Dixon & Engin Kara, 2006. "Understanding inflation persistence - a comparison of different models," Working Paper Series 672, European Central Bank. [Downloadable!]
    13. George Bratsiotis & Wayne Robinson, 2009. "Non-Labor Unit Costs, Marginal Costs and the New Keynesian Phillips Curve," Centre for Growth and Business Cycle Research Discussion Paper Series 123, Economics, The Univeristy of Manchester. [Downloadable!]
    14. James M. Nason & Gregor W. Smith, 2008. "The new Keynesian Phillips curve : lessons from single-equation econometric estimation," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 361-395. [Downloadable!]
    15. Carlos Carvalho, 2005. "Heterogeneity in Price Setting and the Real Effects of Monetary Shocks," Macroeconomics 0509017, EconWPA, revised 12 Sep 2005. [Downloadable!]
    16. Philippe Jeanfils, 2008. "Imperfect exchange rate pass-through : the role of distribution services and variable demand elasticity," Research series 200808-19, National Bank of Belgium. [Downloadable!]
    17. Michel Juillard & Ondrej Kamenik & Michael Kumhof & Douglas Laxton, 2006. "Measures of Potential Output from an Estimated DSGE Model of the United States," Working Papers 2006/11, Czech National Bank, Research Department. [Downloadable!]
    18. Vincent Brousseau & Andrés Manzanares, 2005. "A look at intraday frictions in the euro area overnight deposit market," Working Paper Series 439, European Central Bank. [Downloadable!]
    19. Dixon, Huw & Kara, Engin, 2008. "Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?," Cardiff Economics Working Papers E2008/22, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
    20. Janko Gorter, 2005. "Subjective Expectations and New Keynesian Phillips Curves in Europe," DNB Working Papers 049, Netherlands Central Bank, Research Department. [Downloadable!]

  8. Günter Coenen & Volker Wieland, 2004. "Exchange-rate policy and the zero bound on nominal interest rates," Working Paper Series 350, European Central Bank. [Downloadable!]
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    Published as:

    Cited by:

    1. Roberto Billi, 2008. "Price-level targeting and risk management in a low-inflation economy," Research Working Paper RWP 08-09, Federal Reserve Bank of Kansas City. [Downloadable!]
    2. Hannes Haushofer & Gabriel Moser & Renate Unger, 2005. "Fundamental and Nonfundamental Factors in the Euro/U.S. Dollar Market in 2002 and 2003," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 58-76, April. [Downloadable!]
    3. Kenneth Lewis & Laurence Seidman, 2005. " Can Fiscal Stimulus Overcome the Zero Interest-Rate Bound?: A Quantitative Assessment," Working Papers 05-19, University of Delaware, Department of Economics. [Downloadable!]
    4. Paul Mizen & Tae-Hwan Kim & Alan Thanaset, 2007. "Evaluating the Taylor Principle Over the Distribution of the Interest Rate: Evidence from the US, UK and Japan," Money Macro and Finance (MMF) Research Group Conference 2006 51, Money Macro and Finance Research Group. [Downloadable!]
    5. Kenneth Lewis & Laurence Seidman, 2005. "A Tax Rebate in A Recession: Is It Safe and Effective?," Working Papers 05-20, University of Delaware, Department of Economics. [Downloadable!]
    6. Pavasuthipaisit, Robert, 2007. "Optimal exchange rate policy in a low interest rate environment," MPRA Paper 3596, University Library of Munich, Germany. [Downloadable!]
    7. Günter Coenen & Volker Wieland, 2004. "Exchange-rate policy and the zero bound on nominal interest rates," Working Paper Series 350, European Central Bank. [Downloadable!]
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    8. Günter Coenen & Volker Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest," CFS Working Paper Series 2004/14, Center for Financial Studies. [Downloadable!]
    9. Kenneth Lewis & Laurence Seidman, 2006. "Overcoming the Zero Interest-Rate Bound: A Quantitative Prescription," Working Papers 06-14, University of Delaware, Department of Economics. [Downloadable!]

  9. Günter Coenen & Volker Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest," CFS Working Paper Series 2004/14, Center for Financial Studies. [Downloadable!]

    Cited by:

    1. Hannes Haushofer & Gabriel Moser & Renate Unger, 2005. "Fundamental and Nonfundamental Factors in the Euro/U.S. Dollar Market in 2002 and 2003," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 58-76, April. [Downloadable!]
    2. Kenneth Lewis & Laurence Seidman, 2005. " Can Fiscal Stimulus Overcome the Zero Interest-Rate Bound?: A Quantitative Assessment," Working Papers 05-19, University of Delaware, Department of Economics. [Downloadable!]
    3. Kenneth Lewis & Laurence Seidman, 2005. "A Tax Rebate in A Recession: Is It Safe and Effective?," Working Papers 05-20, University of Delaware, Department of Economics. [Downloadable!]
    4. Pavasuthipaisit, Robert, 2007. "Optimal exchange rate policy in a low interest rate environment," MPRA Paper 3596, University Library of Munich, Germany. [Downloadable!]
    5. Günter Coenen & Volker Wieland, 2004. "Exchange-rate policy and the zero bound on nominal interest rates," Working Paper Series 350, European Central Bank. [Downloadable!]
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  10. Guenter Coenen & Athanasios Orphanides & Volker Wieland, 2003. "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," CFS Working Paper Series 2003/13, Center for Financial Studies. [Downloadable!]
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    Cited by:

    1. Berg, Claes, 2000. "Inflation Forecast Targeting: The Swedish Experience," Working Paper Series 100, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
    2. Christopher Erceg & Luca Guerrieri & Christopher Gust, 2004. "Can long-run restrictions identify technology shocks?," International Finance Discussion Papers 792, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    3. Buiter, Willem H, 2001. "The Liquidity Trap in an Open Economy," CEPR Discussion Papers 2923, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    4. Athanasios Orphanides, 2004. "Monetary policy in deflation: the liquidity trap in history and practice," Finance and Economics Discussion Series 2004-01, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    5. Richard Dennis & Ulf Soderstrom, 2002. "How important is precommitment for monetary policy?," Working Papers in Applied Economic Theory 2002-10, Federal Reserve Bank of San Francisco. [Downloadable!]
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    6. Anton Nakov, 2008. "Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate," International Journal of Central Banking, International Journal of Central Banking, vol. 4(2), pages 73-127, June. [Downloadable!]
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    7. Anne-Marie Brook & Özer Karagedikli & Dean Scrimgeour, 2002. "An optimal inflation target for New Zealand: lessons from the literature," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September. [Downloadable!]
    8. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]
    9. Guenter Coenen & Andrew Levin & Volker Wieland, 2003. "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series 2003/07, Center for Financial Studies. [Downloadable!]
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    10. Ben S. Bernanke & Vincent R. Reinhart & Brian P. Sack, 2004. "Monetary policy alternatives at the zero bound: an empirical assessment," Finance and Economics Discussion Series 2004-48, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    11. Ruge-Murcia, F.J., 2002. "Some Implications of the Zero Lower Bound on Interest Rates for the Term Structure and Monetary Policy," Cahiers de recherche 06-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
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    12. Benhabib, J. & Schmitt-Grohe, S. & Uribe, M., 1999. "Avoiding Liquidity Traps," Working Papers 99-21, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
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    13. Christopher Erceg & Luca Guerrieri, 2005. "Expansionary Fiscal Shocks and the Trade Deficit," Computing in Economics and Finance 2005 128, Society for Computational Economics. [Downloadable!]
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    14. Christopher Erceg & Luca Guerrieri & Christopher Gust, 2006. "Trade adjustment and the composition of trade," International Finance Discussion Papers 859, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    15. Takatoshi Ito & Frederic S. Mishkin, 2004. "Two Decades of Japanese Monetary Policy and the Deflation Problem," NBER Working Papers 10878, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. Willem H. Buiter, 2003. "Deflation: Prevention and Cure," NBER Working Papers 9623, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    17. Mervyn King, 1999. "Challenges for monetary policy : new and old," Proceedings, Federal Reserve Bank of Kansas City, pages 11-57. [Downloadable!]
    18. Lars E.O. Svensson, 1998. "Inflation Targeting as a Monetary Policy Rule," NBER Working Papers 6790, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    19. Herrendorf, B. & Neumann, M.J.M., 1998. "A non-Normative Theory of Inflation and Central Bank Independence," The Warwick Economics Research Paper Series (TWERPS) 515, University of Warwick, Department of Economics. [Downloadable!]
    20. Adam Cagliarini & Guy Debelle, 2000. "The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?," Working Papers Central Bank of Chile 74, Central Bank of Chile. [Downloadable!]
      Other versions:
    21. Svensson, Lars E. O., 1999. "Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability," Working Paper Series 91, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    22. Gunter Coenen & Volker Wieland, 2000. "A Simple Estimated Euro Area Model With Rational Expectations And Nominal Rigidities," Computing in Economics and Finance 2000 187, Society for Computational Economics. [Downloadable!]
    23. Berthold Herrendorf & Manfred Neumann, 2000. "A nonnormative theory of inflation and central bank independence," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 136(2), pages 315-333, June. [Downloadable!] (restricted)
    24. Erceg, Christopher & Guerriei, Luca & Gust, Christopher, 2006. "SIGMA: A New Open Economy Model for Policy Analysis," MPRA Paper 813, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    25. Gunter Coenen & Volker Wieland, 2000. "A Small Estimated Euro-Area Model with Rational Expectations and Nominal Rigidities," Econometric Society World Congress 2000 Contributed Papers 1284, Econometric Society. [Downloadable!]
      Other versions:
    26. Ben Hunt & Douglas Laxton, 2001. "The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan," IMF Working Papers 01/186, International Monetary Fund. [Downloadable!]
    27. Shin-Ichi Nishiyama, 2009. "Monetary Policy Lag, Zero Lower Bound, and Inflation Targeting," Working Papers 09-2, Bank of Canada. [Downloadable!]
    28. P. A. Tinsley, 1998. "Short rate expectations, term premiums, and central bank use of derivatives to reduce policy uncertainty," Finance and Economics Discussion Series 1999-14, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    29. Athanasios Orphanides, 1998. "Monetary policy rules based on real-time data," Finance and Economics Discussion Series 1998-03, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    30. Volker Wieland (Goethe University Frankfurt) & Günter Coenen (European Central Bank), 2004. "Exchange Rate Policy and the Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2004 65, Society for Computational Economics. [Downloadable!]
      Other versions:
    31. Willem H Buiter & Nikolaos Panigirtzoglou, . "Liquidity traps: how to avoid them and how to escape them," Bank of England working papers 111, Bank of England. [Downloadable!]
      Other versions:
    32. Brian Sack & Volker Wieland, 1999. "Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence," Finance and Economics Discussion Series 1999-39, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    33. Daniel Leigh, 2004. "Monetary Policy and the Dangers of Deflation:Lessons from Japan," Economics Working Paper Archive 511, The Johns Hopkins University,Department of Economics. [Downloadable!]
    34. Marvin Goodfriend, 2000. "Overcoming the zero bound on interest rate policy," Working Paper 00-03, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    35. Christopher J. Erceg & Andrew T. Levin, 2002. "Optimal monetary policy with durable and non-durable goods," International Finance Discussion Papers 748, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    36. James Clouse & Dale Henderson & Athanasios Orphanides & David Small & Peter Tinsley, 2000. "Monetary policy when the nominal short-term interest rate is zero," Finance and Economics Discussion Series 2000-51, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    37. Keith Kuester & Volker Wieland, 2008. "Insurance policies for monetary policy in the euro area," Working Papers 08-29, Federal Reserve Bank of Philadelphia. [Downloadable!]
      Other versions:
    38. C.A. Ullersma, 2001. "The Zero Lower Bound on Nominal Interest Rates and Monetary Policy Effectiveness: a Survey," MEB Series (discontinued) 2001-9, Netherlands Central Bank, Monetary and Economic Policy Department. [Downloadable!]
    39. Robert G. King & Mau-Ting Lin, 2005. "Reexamining the monetarist critique of interest rate rules," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 513-530. [Downloadable!]
    40. Bennett T. McCallum, 2000. "Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates," NBER Working Papers 7677, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    41. Athanasios Orphanides & Volker Wieland, 1999. "Inflation zone targetting," Working Paper Series 8, European Central Bank. [Downloadable!]
      Other versions:
    42. Andrew Levin & Volker Wieland & John C. Williams, 1998. "Robustness of simple monetary policy rules under model uncertainty," Finance and Economics Discussion Series 1998-45, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    43. Bennett McCallum, 2001. "Inflation targeting and the liquidity trap," Proceedings, Federal Reserve Bank of San Francisco, issue Mar. [Downloadable!]
      Other versions:
    44. Athanasios Orphanides & John C. Williams, 2002. "Robust monetary policy rules with unknown natural rates," Working Papers in Applied Economic Theory 2003-01, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    45. Jürgen Von Hagen, 1999. "Macroeconomic Consequences of the EMU," Empirica, Springer, vol. 26(4), pages 359-374, December. [Downloadable!] (restricted)
    46. Guenter Coenen & Volker Wieland, 2003. "The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan," CFS Working Paper Series 2003/09, Center for Financial Studies. [Downloadable!]
    47. Allan H. Meltzer, 1999. "Commentary : monetary policy at zero inflation," Proceedings, Federal Reserve Bank of Kansas City, pages 261-276. [Downloadable!]
    48. Söderström, Ulf, 1999. "Should central banks be more aggressive?," Working Paper Series 84, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
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    49. David L. Reifschneider & John M. Roberts, 2005. "Expectations formation and the effectiveness of strategies for limiting the consequences of the zero bound on interest rates," Finance and Economics Discussion Series 2005-70, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    50. Günter Coenen & Volker Wieland, 2003. "The Zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan," Working Paper Series 218, European Central Bank. [Downloadable!]
      Other versions:
    51. Viñals, José, 2001. "Monetary Policy Issues in a Low Inflation Environment," CEPR Discussion Papers 2945, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    52. John B. Taylor, 2000. "The Monetary Transmission Mechanism and the Evaluation of Monetary Policy Rules," Working Papers Central Bank of Chile 87, Central Bank of Chile. [Downloadable!]
    53. Roberto M. Billi & George A. Kahn, 2008. "What is the optimal inflation rate?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 5-28. [Downloadable!]
    54. Christopher J. Erceg & Andrew T. Levin, 2001. "Imperfect credibility and inflation persistence," Finance and Economics Discussion Series 2001-45, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    55. Sharon Kozicki & P.A. Tinsley, 2001. "Dynamic specifications in optimizing trend-deviation macro models," Research Working Paper RWP 01-03, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    56. Svensson, Lars, 1999. "Monetary Policy Issues for the Eurosystem," Seminar Papers 667, Stockholm University, Institute for International Economic Studies. [Downloadable!]
      Other versions:
    57. Alfonso Palacio-Vera, 2006. "On Lower-bound Traps: A Framework for the Analysis of Monetary Policy in the ÒAgeÓ of Central Banks," Economics Working Paper Archive wp_478, Levy Economics Institute, The. [Downloadable!]
    58. Thomas Laubach & John C. Williams, 2001. "Measuring the natural rate of interest," Finance and Economics Discussion Series 2001-56, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    59. Christopher J. Erceg & Andrew T. Levin, 2002. "Optimal monetary policy with durable goods and non-durable goods," Working Paper Series 179, European Central Bank. [Downloadable!]
    60. Athanasios Orphanides, 2003. "Historical monetary policy analysis and the Taylor rule," Finance and Economics Discussion Series 2003-36, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    61. Athanasios Orphanides, 1998. "Monetary policy evaluation with noisy information," Finance and Economics Discussion Series 1998-50, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    62. Claude Lavoie & Hope Pioro, 2007. "The Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada," Discussion Papers 07-1, Bank of Canada. [Downloadable!]
    63. Sharon Kozicki & P.A. Tinsley, 2002. "Term premia : endogenous constraints on monetary policy," Research Working Paper RWP 02-07, Federal Reserve Bank of Kansas City. [Downloadable!]
    64. Shu Wu & Shigeru Iwata, 2004. "Estimating Monetary Policy Effects When Interest Rates are Bounded at Zero," Econometric Society 2004 Far Eastern Meetings 478, Econometric Society. [Downloadable!]
    65. Buiter, Willem H, 2000. "Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales," CEPR Discussion Papers 2365, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    66. Roberto M. Billi, 2007. "Optimal inflation for the U.S," Research Working Paper RWP 07-03, Federal Reserve Bank of Kansas City. [Downloadable!]

  11. Frank Smets & Ignazio Angeloni & Gunter Coenen, 2003. "Persistence, the Transmission Mechanism and Robust Monetary Policy," Computing in Economics and Finance 2003 137, Society for Computational Economics.
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    Published as:

    Cited by:

    1. Juan Manuel Julio & Héctor Manuel Zárate, . "The Price Setting Behavior in Colombia: Evidence from PPI Micro Data," Borradores de Economia 483, Banco de la Republica de Colombia. [Downloadable!]
      Other versions:
    2. Nicoletta Batini & Alejandro Justiniano & Paul Levine & Joseph Pearlman, 2004. "Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy," Department of Economics Discussion Papers 0804, Department of Economics, University of Surrey. [Downloadable!]
      Other versions:
    3. Celine Gauthier & Fu Chun Li, 2004. "Linking Real Activity and Financial Markets: BEAM model 1," Money Macro and Finance (MMF) Research Group Conference 2004 52, Money Macro and Finance Research Group. [Downloadable!]
    4. Kerstin Gerling & Hans Peter Grüner & Alexandra Kiel & Elisabeth Schulte, 2003. "Information acquisition and decision making in committees: A survey," Working Paper Series 256, European Central Bank. [Downloadable!]
      Other versions:
    5. Heinz-Peter Spahn, 2004. "Learning in Macroeconomics and Monetary Policy: The Case of an Open Economy," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 236/2004, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
    6. Ignazio Angeloni & Michael Ehrmann, 2004. "Euro area inflation differentials," Working Paper Series 388, European Central Bank. [Downloadable!]
      Other versions:
    7. Michael Paetz, 2007. "Robust Control and Persistence in the New Keynesian Economy," Quantitative Macroeconomics Working Papers 20711, Hamburg University, Department of Economics. [Downloadable!]
    8. William A. Barnett, 2003. "Aggregation-theoretic monetary aggregation over the Euro area; when countries are heterogeneous," Working Paper Series 260, European Central Bank. [Downloadable!]
      Other versions:
    9. Silvio Colarossi & Andrea Zaghini, 2007. "Gradualism, Transparency and Improved Operational Framework: A Look at the Overnight Volatility Transmission," CFS Working Paper Series 2007/16, Center for Financial Studies. [Downloadable!]
    10. Alessandro Calza & João Sousa, 2003. "Why has broad money demand been more stable in the Euro area than in other economies? A literature review," Working Paper Series 261, European Central Bank. [Downloadable!]
    11. Ramón Adalid & Günter Coenen & Peter McAdam & Stefano Siviero, 2005. "The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 1(1), May. [Downloadable!]
      Other versions:
    12. Guay C. Lim & Paul D. McNelis, 2005. "Real Exchange Rate and Current Account Dynamics with Sticky Prices and Distortionary Taxes," DNB Working Papers 056, Netherlands Central Bank, Research Department. [Downloadable!]
    13. Nicoletta Batini & Paul Levine, 2004. "Robust Control Rules to Shield Against Indeterminacy," Computing in Economics and Finance 2004 339, Society for Computational Economics. [Downloadable!]
    14. Marco Catenaro & Jean-Pierre Vidal, 2003. "Implicit tax co-ordination under repeated policy interactions," Working Paper Series 259, European Central Bank. [Downloadable!]
    15. Küster, Keith & Wieland, Volker, 2005. "Insurance Policies for Monetary Policy in the Euro Area," CEPR Discussion Papers 4956, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    16. Minford, Patrick & Nowell, Eric & Sofat, Prakriti & Srinivasan, Naveen, 2006. "UK Inflation Persistence: Policy or Nature?," CEPR Discussion Papers 5608, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    17. Juan Paez-Farrell, 2009. "Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown," Discussion Paper Series 2009_14, Department of Economics, Loughborough University, revised Sep 2009. [Downloadable!]
    18. Gadea, Maria & Mayoral, Laura, 2005. "The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach," MPRA Paper 815, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    19. Filippo Altissimo & Michael Ehrmann & Frank Smets, 2006. "Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence," Research series 200610-7, National Bank of Belgium. [Downloadable!]
    20. Céline Gauthier & Fu Chun Li, 2006. "Linking Real Activity and Financial Markets: The Bonds, Equity, and Money (BEAM) Model," Working Papers 06-42, Bank of Canada. [Downloadable!]
    21. Richhild Moessner, 2005. "Optimal discretionary policy and uncertainty about inflation persistence," Working Paper Series 540, European Central Bank. [Downloadable!]
    22. Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse, 2008. "Risk Management in Action. Robust monetary policy rules under structured uncertainty," Working Paper Series 870, European Central Bank. [Downloadable!]
    23. Ralph Süppel, 2003. "Comparing economic dynamics in the EU and CEE accession countries," Working Paper Series 267, European Central Bank. [Downloadable!]
    24. Julia Lendvai, 2004. "Inflation Inertia and Monetary Policy Shocks," IEHAS Discussion Papers 0417, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    25. Carl E.Walsh, 2005. "Parameter misspecification and robust monetary policy rules," Working Paper Series 477, European Central Bank. [Downloadable!]
    26. Andrew T. Levin & Richhild Moessner, 2005. "Inflation persistence and monetary policy design - an overview," Working Paper Series 539, European Central Bank. [Downloadable!]
    27. Julia Lendvai, 2005. "Inflation Inertia and Monetary Policy Shocks," Money Macro and Finance (MMF) Research Group Conference 2005 51, Money Macro and Finance Research Group. [Downloadable!]
    28. Claus Brand & Hans-Eggert Reimers & Franz Seitz, 2003. "Forecasting real GDP: What role for narrow money?," Working Paper Series 254, European Central Bank. [Downloadable!]
    29. Günter Coenen, 2003. "Inflation persistence and robust monetary policy design," Working Paper Series 290, European Central Bank. [Downloadable!]
      Other versions:
    30. Annick Bruggeman & Paola Donati & Anders Warne, 2003. "Is the demand for Euro area M3 stable?," Working Paper Series 255, European Central Bank. [Downloadable!]
    31. Pelin Ilbas, 2007. "Optimal Monetary Policy Rules for the Euro Area in a DSGE Framework," Money Macro and Finance (MMF) Research Group Conference 2006 59, Money Macro and Finance Research Group. [Downloadable!]

  12. Guenter Coenen & Volker Wieland, 2003. "The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan," CFS Working Paper Series 2003/09, Center for Financial Studies. [Downloadable!]

    Cited by:

    1. Adam, Klaus & Billi, Roberto M, 2003. "Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates," CEPR Discussion Papers 4111, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    2. Peter McAdam, 2003. "US, Japan and the euro area - comparing business-cycle features," Working Paper Series 283, European Central Bank. [Downloadable!]
      Other versions:
    3. Athanasios Orphanides, 2004. "Monetary policy in deflation: the liquidity trap in history and practice," Finance and Economics Discussion Series 2004-01, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    4. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]
    5. Roberto Billi, 2005. "The Optimal Inflation Buffer with a Zero Bound," CFS Working Paper Series 2005/17, Center for Financial Studies. [Downloadable!]
    6. Bartosz Mackowiak, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers SFB649DP2005-059, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
      Other versions:
    7. Mehrotra, Aaron, 2005. "Exchange and interest rate channels during a deflationary era - Evidence from Japan, Hong Kong and China," BOFIT Discussion Papers 17/2005, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
      Other versions:
    8. Klaus Adam & Roberto Billi, 2005. "Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates," CFS Working Paper Series 2005/16, Center for Financial Studies. [Downloadable!]
      Other versions:
    9. Volker Wieland (Goethe University Frankfurt) & Günter Coenen (European Central Bank), 2004. "Exchange Rate Policy and the Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2004 65, Society for Computational Economics. [Downloadable!]
      Other versions:
    10. Bennett T. McCallum, 2005. "A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap," NBER Working Papers 11056, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    11. Aaron MEHROTRA, 2004. "Could Japan Target the Price Level or Inflation - What Happens to Monetary Policy Effectiveness during Disinflation?," Economics Working Papers ECO2004/02, European University Institute. [Downloadable!]
    12. Matt Klaeffling & Victor Lopez Perez, 2003. "Inflation targets and the liquidity trap," Working Paper Series 272, European Central Bank. [Downloadable!]
    13. Junning Cai, 2004. "Liquidity Trap Prevention and Escape: A Simple Proposition," Macroeconomics 0402033, EconWPA. [Downloadable!]
    14. Günter Coenen & Volker Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest," CFS Working Paper Series 2004/14, Center for Financial Studies. [Downloadable!]
    15. Lars E.O. Svensson, 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," NBER Working Papers 10195, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. Edda Claus & Mardi Dungey & Renee Fry, 2006. "Monetary Policy In Illiquid Markets: Options For A Small Open Economy," CAMA Working Papers 2006-17, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
      Other versions:
    17. Roberto M. Billi, 2005. "The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2005 25, Society for Computational Economics. [Downloadable!]

  13. Günter Coenen, 2003. "Inflation persistence and robust monetary policy design," Working Paper Series 290, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. Nicoletta Batini & Alejandro Justiniano & Paul Levine & Joseph Pearlman, 2004. "Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy," Department of Economics Discussion Papers 0804, Department of Economics, University of Surrey. [Downloadable!]
      Other versions:
    2. Michael Paetz, 2007. "Robust Control and Persistence in the New Keynesian Economy," Quantitative Macroeconomics Working Papers 20711, Hamburg University, Department of Economics. [Downloadable!]
    3. Robert J. Tetlow & Peter von zur Muehlen, 2005. "Robustifying learnability," Finance and Economics Discussion Series 2005-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    4. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]
    5. Fabio Milani, 2005. "Adaptive Learning and Inflation Persistence," Working Papers 050607, University of California-Irvine, Department of Economics. [Downloadable!]
      Other versions:
    6. Nicoletta Batini & Paul Levine, 2004. "Robust Control Rules to Shield Against Indeterminacy," Computing in Economics and Finance 2004 339, Society for Computational Economics. [Downloadable!]
    7. Marco Del Negro & Frank Schorfheide, 2005. "Monetary policy analysis with potentially misspecified models," Working Papers 06-4, Federal Reserve Bank of Philadelphia. [Downloadable!]
      Other versions:
    8. Küster, Keith & Wieland, Volker, 2005. "Insurance Policies for Monetary Policy in the Euro Area," CEPR Discussion Papers 4956, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    9. Minford, Patrick & Nowell, Eric & Sofat, Prakriti & Srinivasan, Naveen, 2006. "UK Inflation Persistence: Policy or Nature?," CEPR Discussion Papers 5608, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    10. Juan Paez-Farrell, 2009. "Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown," Discussion Paper Series 2009_14, Department of Economics, Loughborough University, revised Sep 2009. [Downloadable!]
    11. Gadea, Maria & Mayoral, Laura, 2005. "The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach," MPRA Paper 815, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    12. Filippo Altissimo & Michael Ehrmann & Frank Smets, 2006. "Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence," Research series 200610-7, National Bank of Belgium. [Downloadable!]
    13. Céline Gauthier & Fu Chun Li, 2006. "Linking Real Activity and Financial Markets: The Bonds, Equity, and Money (BEAM) Model," Working Papers 06-42, Bank of Canada. [Downloadable!]
    14. Nicoletta Batini, 2002. "Euro area inflation persistence," Working Paper Series 201, European Central Bank. [Downloadable!]
      Other versions:
    15. Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse, 2008. "Risk Management in Action. Robust monetary policy rules under structured uncertainty," Working Paper Series 870, European Central Bank. [Downloadable!]
    16. Julia Lendvai, 2004. "Inflation Inertia and Monetary Policy Shocks," IEHAS Discussion Papers 0417, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    17. Ramón Adalid & Günter Coenen & Peter McAdam & Stefano Siviero, 2005. "The performance and robustness of interest-rate rules in models of the euro area," Working Paper Series 479, European Central Bank. [Downloadable!]
      Other versions:
    18. Guido Ascari & Neil Rankin, 2004. "Perpetual youth and endogenous labour supply: a problem and a possible solution," Working Paper Series 346, European Central Bank. [Downloadable!]
      Other versions:
    19. Paul Levine & Joseph Pearlman, 2008. "Robust monetary rules under unstructured and structured model uncertainty," Working Paper Series 899, European Central Bank. [Downloadable!]
      Other versions:
    20. Andrew T. Levin & Richhild Moessner, 2005. "Inflation persistence and monetary policy design - an overview," Working Paper Series 539, European Central Bank. [Downloadable!]
    21. Julia Lendvai, 2005. "Inflation Inertia and Monetary Policy Shocks," Money Macro and Finance (MMF) Research Group Conference 2005 51, Money Macro and Finance Research Group. [Downloadable!]

  14. Guenter Coenen & Volker Wieland, 2003. "A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities," CFS Working Paper Series 2003/08, Center for Financial Studies. [Downloadable!]
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    Published as:

    Cited by:

    1. Günter Coenen, 2000. "Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models," Working Paper Series 09, European Central Bank. [Downloadable!]
      Other versions:
    2. Ray C. Fair, 2006. "Evaluating Inflation Targeting Using a Macroeconometric Model," Cowles Foundation Discussion Papers 1570, Cowles Foundation, Yale University, revised Mar 2007. [Downloadable!]
      Other versions:
    3. Sarah M. Rupprecht, 2007. "When Do Firms Adjust Prices? Evidence from Micro Panel Data," KOF Working papers 07-160, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    4. Livio Stracca, 2006. "A speed limit monetary policy rule for the euro area," Working Paper Series 600, European Central Bank. [Downloadable!]
      Other versions:
    5. Eric JONDEAU & Herve LE BIHAN, 2003. "ML vs GMM Estimates of Hybrid Macroeconomic Models (With an Application to the "New Phillips Curve")," Econometrics 0303006, EconWPA. [Downloadable!]
      Other versions:
    6. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]
    7. Günter Coenen & Andrew T. Levin, 2004. "Identifying the influences of nominal and real rigidities in aggregate price-setting behavior," Working Paper Series 418, European Central Bank. [Downloadable!]
      Other versions:
    8. Guenter Coenen & Andrew Levin & Volker Wieland, 2003. "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series 2003/07, Center for Financial Studies. [Downloadable!]
      Other versions:
    9. Günter Coenen & Volker Wieland, 2002. "Inflation dynamics and international linkages: a model of the United States, the euro area and Japan," Working Paper Series 181, European Central Bank. [Downloadable!]
      Other versions:
    10. Peter McAdam & Alpo Willman, 2003. "New Keynesian Phillips curves - a reassessment using euro-area data," Working Paper Series 265, European Central Bank. [Downloadable!]
    11. Ricardo M. Sousa, 2009. "Wealth Effetcs on Consumption: Evidence from the euro area," NIPE Working Papers 12/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    12. Roel M.W.J. Beetsma & Henrik Jensen, 2002. "Monetary and fiscal policy interactions in a micro-founded model of a monetary union," Working Paper Series 166, European Central Bank. [Downloadable!]
      Other versions:
    13. Guerrieri, Luca, 2002. "Persistent Issues in Inflation Persistence," Review on Economic Cycles, International Association of Economic Cycles, vol. 5(1), December. [Downloadable!]
    14. Sharon Kozicki & Peter Tinsley, 2005. "Term structure transmission of monetary policy," Research Working Paper RWP 05-06, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    15. Paolo Zagaglia, 2005. "Solving Rational-Expectations Models through the Anderson-Moore Algorithm: An Introduction to the Matlab Implementation," Computational Economics, Springer, vol. 26(1), pages 91-106, August. [Downloadable!] (restricted)
    16. Ramón Adalid & Günter Coenen & Peter McAdam & Stefano Siviero, 2005. "The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 1(1), May. [Downloadable!]
      Other versions:
    17. Guenter Coenen & Volker Wieland, 2003. "A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities," CFS Working Paper Series 2003/08, Center for Financial Studies. [Downloadable!]
      Other versions:
    18. Guenter Coenen & Athanasios Orphanides & Volker Wieland, 2003. "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," CFS Working Paper Series 2003/13, Center for Financial Studies. [Downloadable!]
      Other versions:
    19. Jonas Dovern & Carsten-Patrick Meier, 2006. "Macroeconomic Aspects of Structural Labor Market Reforms in Germany," Kiel Working Papers 1295, Kiel Institute for the World Economy. [Downloadable!]
    20. Patrick Minford & Eric Nowell & Bruce Webb, 2003. "Nominal Contracting and Monetary Targets -- Drifting into Indexation," Economic Journal, Royal Economic Society, vol. 113(484), pages 65-100, January. [Downloadable!] (restricted)
    21. Küster, Keith & Wieland, Volker, 2005. "Insurance Policies for Monetary Policy in the Euro Area," CEPR Discussion Papers 4956, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    22. Minford, Patrick & Nowell, Eric & Sofat, Prakriti & Srinivasan, Naveen, 2006. "UK Inflation Persistence: Policy or Nature?," CEPR Discussion Papers 5608, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    23. George Hondroyiannis & Sophia Lazaretou, 2004. "Inflation Persistence during Periods of Structural Change: An Assessment Using Greek Data," Working Papers 13, Bank of Greece. [Downloadable!]
      Other versions:
    24. Pierpaolo Benigno & David López-Salido, 2002. "Inflation persistence and optimal monetary policy in the euro area," International Finance Discussion Papers 749, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    25. Alpo Willman, 2002. "Euro area production function and potential output: a supply side system approach," Working Paper Series 153, European Central Bank. [Downloadable!]
    26. Luís, Pacheco, 2004. "Asset Prices and Monetary Policy in the Euro Area: a tentative model," MPRA Paper 6579, University Library of Munich, Germany. [Downloadable!]
    27. Philippe Jeanfils, 2001. "A guided tour of the world of rational expectations models and optimal policies," Research series 2001-06, National Bank of Belgium. [Downloadable!]
      Other versions:
    28. Gadea, Maria & Mayoral, Laura, 2005. "The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach," MPRA Paper 815, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    29. Seidel, Gerald, 2005. "Endogenous Inflation - The Role of Expectations and Strategic Interaction," Sonderforschungsbereich 504 Publications 05-14, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
    30. Jeffery D. Amato & Thomas Laubach, 2001. "Implications of habit formation for optimal monetary policy," Finance and Economics Discussion Series 2001-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    31. Günter Coenen, 2003. "Downward nominal wage rigidity and the long-run Phillips curve - simultation-based evidence for the euro area," Working Paper Series 270, European Central Bank. [Downloadable!]
    32. Nicoletta Batini, 2002. "Euro area inflation persistence," Working Paper Series 201, European Central Bank. [Downloadable!]
      Other versions:
    33. Petra Gerlach-Kristen, 2003. "Interest rate reaction functions and the Taylor rule in the Euro area," Working Paper Series 258, European Central Bank. [Downloadable!]
    34. Eric Jondeau & Hervé Le Bihan, 2001. "Testing for a Forward-Looking Phillips Curve. Additional Evidence from European and US data," Macroeconomics 0111005, EconWPA. [Downloadable!]
      Other versions:
    35. Ángel Estrada & Ignacio Hernando & J. David López-Salido, 2000. "Measuring the NAIRU in the Spanish Economy," Banco de España Working Papers 0009, Banco de España. [Downloadable!]
    36. Galí, Jordi & Gertler, Mark & López-Salido, J David, 2001. "European Inflation Dynamics," CEPR Discussion Papers 2684, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    37. Heather Anderson & Mardi Dungey & Denise Osborn & Farshid Vahid, 2007. "Constructing Historical Euro Area Data," Money Macro and Finance (MMF) Research Group Conference 2006 99, Money Macro and Finance Research Group. [Downloadable!]
      Other versions:
    38. Julia Lendvai, 2004. "Inflation Inertia and Monetary Policy Shocks," IEHAS Discussion Papers 0417, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    39. Sharon Kozicki & P.A. Tinsley, 2001. "Dynamic specifications in optimizing trend-deviation macro models," Research Working Paper RWP 01-03, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    40. Ramdane Djoudad & Céline Gauthier, 2003. "A Small Dynamic Hybrid Model for the Euro Area," Working Papers 03-19, Bank of Canada. [Downloadable!]
    41. Katharine Neiss & Edward Nelson, 2002. "Inflation dynamics, marginal cost, and the output gap: evidence from three countries," Proceedings, Federal Reserve Bank of San Francisco, issue Mar. [Downloadable!]
    42. Julia Lendvai, 2005. "Inflation Inertia and Monetary Policy Shocks," Money Macro and Finance (MMF) Research Group Conference 2005 51, Money Macro and Finance Research Group. [Downloadable!]
    43. Livio Stracca, 2001. "The functional form of the demand for euro area M1," Working Paper Series 051, European Central Bank. [Downloadable!]
      Other versions:
    44. Günter Coenen, 2003. "Inflation persistence and robust monetary policy design," Working Paper Series 290, European Central Bank. [Downloadable!]
      Other versions:
    45. Luca Guerrieri, 2002. "The inflation persistence of staggered contracts," International Finance Discussion Papers 734, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    46. Gabriel Fagan & Jérôme Henry & Ricardo Mestre, 2001. "An area-wide model (AWM) for the euro area," Working Paper Series 42, European Central Bank. [Downloadable!]
    47. Charemza , Wojciech W. & Makarov, Svetlana, 2005. "Ex-ante dynamics of real effects of monetary policy: Theory and evidence for Poland and Russia, 2001-2003," BOFIT Discussion Papers 20/2005, Bank of Finland, Institute for Economies in Transition. [Downloadable!]

  15. Günter Coenen & Volker Wieland, 2003. "The Zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan," Working Paper Series 218, European Central Bank. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Adam, Klaus & Billi, Roberto M, 2003. "Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates," CEPR Discussion Papers 4111, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    2. Peter McAdam, 2003. "US, Japan and the euro area - comparing business-cycle features," Working Paper Series 283, European Central Bank. [Downloadable!]
      Other versions:
    3. Athanasios Orphanides, 2004. "Monetary policy in deflation: the liquidity trap in history and practice," Finance and Economics Discussion Series 2004-01, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    4. Peter Hördahl & David Vestin, 2003. "Interpreting implied risk neutral densities: the role of risk premia," Working Paper Series 274, European Central Bank. [Downloadable!]
      Other versions:
    5. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]
    6. Edda Claus & Mardi Dungey & Renée Fry, 2008. "Monetary Policy in Illiquid Markets: Options for a Small Open Economy," Open Economies Review, Springer, vol. 19(3), pages 305-336, July. [Downloadable!] (restricted)
      Other versions:
    7. Lars E.O. Svensson, 2004. "The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large OPen Economies," Working Papers 072004, Hong Kong Institute for Monetary Research. [Downloadable!]
    8. Roberto Billi, 2005. "The Optimal Inflation Buffer with a Zero Bound," CFS Working Paper Series 2005/17, Center for Financial Studies. [Downloadable!]
    9. Manfred Gärtner & Florian Jung, 2009. "The macroeconomics of financial crises: How risk premiums, liquidity traps and perfect traps affect policy options," University of St. Gallen Department of Economics working paper series 2009 2009-15, Department of Economics, University of St. Gallen. [Downloadable!]
    10. Bartosz Mackowiak, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers SFB649DP2005-059, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
      Other versions:
    11. Mehrotra, Aaron, 2005. "Exchange and interest rate channels during a deflationary era - Evidence from Japan, Hong Kong and China," BOFIT Discussion Papers 17/2005, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
      Other versions:
    12. Andreas Beyer & Roger E.A. Farmer, 2003. "On the indeterminacy of determinacy and indeterminacy," Working Paper Series 277, European Central Bank. [Downloadable!]
      Other versions:
    13. Andreas Beyer & Roger E.A. Farmer, 2003. "Identifying the monetary transmission mechanism using structural breaks," Working Paper Series 275, European Central Bank. [Downloadable!]
      Other versions:
    14. Klaus Adam & Roberto Billi, 2005. "Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates," CFS Working Paper Series 2005/16, Center for Financial Studies. [Downloadable!]
      Other versions:
    15. Volker Wieland (Goethe University Frankfurt) & Günter Coenen (European Central Bank), 2004. "Exchange Rate Policy and the Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2004 65, Society for Computational Economics. [Downloadable!]
      Other versions:
    16. Nicoletta Batini & Paul Levine & Joseph Pearlman, 2007. "Monetary Rules in Emerging Economies with Financial Market Imperfections," NBER Chapters, in: International Dimensions of Monetary Policy National Bureau of Economic Research, Inc. [Downloadable!]
      Other versions:
    17. Bennett T. McCallum, 2005. "A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap," NBER Working Papers 11056, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Aaron MEHROTRA, 2004. "Could Japan Target the Price Level or Inflation - What Happens to Monetary Policy Effectiveness during Disinflation?," Economics Working Papers ECO2004/02, European University Institute. [Downloadable!]
    19. Paul Levine & Peter McAdam & Joseph Pearlman, 2007. "Quantifying and sustaining welfare gains from monetary commitment," Working Paper Series 709, European Central Bank. [Downloadable!]
      Other versions:
    20. Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse, 2008. "Risk Management in Action. Robust monetary policy rules under structured uncertainty," Working Paper Series 870, European Central Bank. [Downloadable!]
    21. Matt Klaeffling & Victor Lopez Perez, 2003. "Inflation targets and the liquidity trap," Working Paper Series 272, European Central Bank. [Downloadable!]
    22. Pavasuthipaisit, Robert, 2007. "Optimal exchange rate policy in a low interest rate environment," MPRA Paper 3596, University Library of Munich, Germany. [Downloadable!]
    23. Guido Ascari & Neil Rankin, 2004. "Perpetual youth and endogenous labour supply: a problem and a possible solution," Working Paper Series 346, European Central Bank. [Downloadable!]
      Other versions:
    24. Junning Cai, 2004. "Liquidity Trap Prevention and Escape: A Simple Proposition," Macroeconomics 0402033, EconWPA. [Downloadable!]
    25. Günter Coenen & Volker Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest," CFS Working Paper Series 2004/14, Center for Financial Studies. [Downloadable!]
    26. Paul Levine & Joseph Pearlman, 2008. "Robust monetary rules under unstructured and structured model uncertainty," Working Paper Series 899, European Central Bank. [Downloadable!]
      Other versions:
    27. Lars E.O. Svensson, 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," NBER Working Papers 10195, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    28. Günter Coenen & Athanasios Orphanides & Volker Wieland, 2004. "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
      Other versions:
    29. Roberto M. Billi, 2005. "The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2005 25, Society for Computational Economics. [Downloadable!]
    30. Tomasz Lyziak, 2003. "Consumer inflation expectations in Poland," Working Paper Series 287, European Central Bank. [Downloadable!]

  16. Günter Coenen, 2003. "Zero lower bound - is it a problem with the euro area?," Working Paper Series 269, European Central Bank. [Downloadable!]

    Cited by:

    1. Diego Rodriguez Palenzuela & Gonzalo Camba-Mendez & Juan Angel Garcia, 2003. "Relevant economic issues concerning the optimal rate of inflation," Working Paper Series 278, European Central Bank. [Downloadable!]
    2. Matthieu Darracq Pariès & Stéphane Adjemian & Stéphane Moyen, 2007. "Optimal monetary policy in an estimated DSGE for the euro area," Working Paper Series 803, European Central Bank. [Downloadable!]
    3. Peter Bofinger & Eric Mayer, 2007. "Monetary and Fiscal Policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve," Open Economies Review, Springer, vol. 18(3), pages 291-305, July. [Downloadable!] (restricted)

  17. Günter Coenen & Volker Wieland, 2002. "Inflation dynamics and international linkages: a model of the United States, the euro area and Japan," Working Paper Series 181, European Central Bank. [Downloadable!]
    Other versions:

    Cited by:

    1. Cornelia Holthausen & Jean-Charles Rochet, 2002. "Efficient pricing of large value interbank payment systems," Working Paper Series 184, European Central Bank. [Downloadable!]
      Other versions:
    2. Bas van Aarle & Harry Garretsen & Florence Huart, 2003. "Transatlantic Monetary and Fiscal Policy Interaction," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    3. Tarkka , Juha & Kortelainen , Mika, 2005. "International economic spillovers and the liquidity trap," Research Discussion Papers 18/2005, Bank of Finland. [Downloadable!]
    4. Volker Wieland (Goethe University Frankfurt) & Günter Coenen (European Central Bank), 2004. "Exchange Rate Policy and the Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2004 65, Society for Computational Economics. [Downloadable!]
      Other versions:
    5. Andrew Hughes Hallett, 2005. "Political Devolution without Fiscal Devolution," Working Papers 0505, Department of Economics, Vanderbilt University. [Downloadable!]
    6. Daniel Leigh, 2004. "Monetary Policy and the Dangers of Deflation:Lessons from Japan," Economics Working Paper Archive 511, The Johns Hopkins University,Department of Economics. [Downloadable!]
    7. Nicoletta Batini, 2002. "Euro area inflation persistence," Working Paper Series 201, European Central Bank. [Downloadable!]
      Other versions:
    8. Matt Klaeffling & Victor Lopez Perez, 2003. "Inflation targets and the liquidity trap," Working Paper Series 272, European Central Bank. [Downloadable!]
    9. Guenter Coenen & Volker Wieland, 2003. "The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan," CFS Working Paper Series 2003/09, Center for Financial Studies. [Downloadable!]
    10. Eilev S. Jansen, 2004. "Modelling inflation in the Euro Area," Working Paper 2004/10, Norges Bank. [Downloadable!]
      Other versions:
    11. George Hondroyiannis & Sophia Lazaretou, 2007. "Inflation persistence during periods of structural change: an assessment using Greek data," Empirica, Springer, vol. 34(5), pages 453-475, December. [Downloadable!] (restricted)
      Other versions:
    12. Günter Coenen & Volker Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest," CFS Working Paper Series 2004/14, Center for Financial Studies. [Downloadable!]
    13. Coenen, Günter & Wieland, Volker, 2003. "The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan," CEPR Discussion Papers 3895, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    14. Moons C. & Garretsen H. & Van Aarle B. & Fornero J., 2007. "Monetary policy in the New-Keynesian model: An application to the Euro-Area," Working Papers 2007014, University of Antwerp, Faculty of Applied Economics. [Downloadable!]
      Other versions:
    15. Lutz Kilian & Atsushi Inoue, 2003. "On the selection of forecasting models," Working Paper Series 214, European Central Bank. [Downloadable!]
      Other versions:

  18. Gunter Coenen & Andrew Levin & Volker Wieland, 2001. "Data uncertainty and the role of money as an information variable for monetary policy," Finance and Economics Discussion Series 2001-54, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    Published as:

    Cited by:

    1. Matthias Brückner & Andreas Schabert, 2004. "Can Money Matter for Interest Rate Policy?," Working Paper Series in Economics 6, University of Cologne, Department of Economics. [Downloadable!]
      Other versions:
    2. David Longworth, 2003. "Money in the Bank (of Canada)," Technical Reports 93, Bank of Canada. [Downloadable!]
    3. Gerdesmeier, Dieter & Roffia, Barbara, 2004. "Taylor rules for the euro area : the issue of real-time data," Discussion Paper Series 1: Economic Studies 2004,37, Deutsche Bundesbank, Research Centre. [Downloadable!]
    4. Guenter Coenen & Andrew Levin & Volker Wieland, 2003. "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series 2003/07, Center for Financial Studies. [Downloadable!]
      Other versions:
    5. Heinz-Peter Spahn, 2007. "Two-Pillar Monetary Policy and Bootstrap Expectations," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 282/2007, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
    6. Ansgar Belke & Thorsten Polleit, 2006. "How the ECB and the US Fed Set Interest Rates," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 269/2006, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
      Other versions:
    7. Lauri Kajanoja, 2004. "Money as an indicator variable for monetary policy when money demand is forward looking," Macroeconomics 0405003, EconWPA. [Downloadable!]
    8. Guenter W. Beck & Volker Wieland, 2008. "Central Bank misperceptions and the role of money in interest rate rules," Working Paper Series 967, European Central Bank. [Downloadable!]
      Other versions:
    9. Mandler, Martin, 2006. "Are there gains from including monetary aggregates and stock market indices in the monetary policy reaction function? A simulation study of recent U.S. monetary policy," MPRA Paper 2318, University Library of Munich, Germany. [Downloadable!]
    10. Lippi, Francesco & Neri, Stefano, 2003. "Information Variables for Monetary Policy in a Small Structural Model of the Euro Area," CEPR Discussion Papers 4125, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    11. David-Jan Jansen & Jakob de Haan, 2005. "Is a Word to the Wise Indeed Enough? ECB Statements and the Predictibility of Interest Rate Decisions," DNB Working Papers 075, Netherlands Central Bank, Research Department. [Downloadable!]
      Other versions:
    12. Claus Brand & Hans-Eggert Reimers & Franz Seitz, 2003. "Narrow Money and the Business Cycle: Theoretical aspects and euro area evdence," Macroeconomics 0303012, EconWPA. [Downloadable!]
    13. Andrés, Javier & López-Salido, J David & Nelson, Edward, 2008. "Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area," CEPR Discussion Papers 6812, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    14. Luís, Pacheco, 2004. "Asset Prices and Monetary Policy in the Euro Area: a tentative model," MPRA Paper 6579, University Library of Munich, Germany. [Downloadable!]
    15. Hans-Eggert Reimers, 2003. "Does Money Include Information for Output in the Euro Area?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 139(II), pages 231-252, June. [Downloadable!]
    16. Reimers, Hans-Eggert, 2002. "Analysing Divisia Aggregates for the Euro Area," Discussion Paper Series 1: Economic Studies 2002,13, Deutsche Bundesbank, Research Centre. [Downloadable!]
    17. Dean Croushore, 2008. "Frontiers of real-time data analysis," Working Papers 08-4, Federal Reserve Bank of Philadelphia. [Downloadable!]
    18. Filippo Altissimo & Eugenio Gaiotti & Alberto Locarno, 2002. "Is money informative? Evidence form a large model used for policy analysis," Temi di discussione (Economic working papers) 445, Bank of Italy, Economic Research Department. [Downloadable!]
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    19. David Longworth, 2003. "Implications of a changing economic structure for the strategy of monetary policy : commentary," Proceedings, Federal Reserve Bank of Kansas City, pages 349-360. [Downloadable!]
    20. Costas Milas & Ruthira Naraidoo, 2009. "Financial Market Conditions, Real Time, Nonlinearity and European Central Bank Monetary Policy: In-Sample and Out-of-Sample Assessment," Working Papers 200923, University of Pretoria, Department of Economics. [Downloadable!]
    21. Gerberding, Christina & Seitz, Franz & Worms, Andreas, 2007. "Money-based interest rate rules: lessons from German data," Discussion Paper Series 1: Economic Studies 2007,06, Deutsche Bundesbank, Research Centre. [Downloadable!]
    22. Ansgar Belke & Wim Kösters & Martin Leschke & Thorsten Polleit, 2005. "Back to the rules," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 268/2005, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
    23. David-Jan Jansen & Jakob de Haan, 2006. "Does ECB Communication Help in Predicting its Interest Rate Decisions?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    24. Kai Carstensen & Roberta Colavecchio, 2004. "Did the Revision of the ECB Monetary Policy Strategy Affect the Reaction Function?," Kiel Working Papers 1221, Kiel Institute for the World Economy. [Downloadable!]
    25. David Kendrick & Hans Amman, 2006. "A Classification System for Economic Stochastic Control Models," Computational Economics, Springer, vol. 27(4), pages 453-481, June. [Downloadable!] (restricted)
      Other versions:
    26. Kajanoja, Lauri, 2003. "Money as an indicator variable for monetary policy when money demand is forward looking," Research Discussion Papers 9/2003, Bank of Finland. [Downloadable!]
    27. Francesco Lippi & Stefano Neri, 2004. "Information variables for monetary policy in a small structural model," DNB Staff Reports (discontinued) 120, Netherlands Central Bank. [Downloadable!]
    28. George Kapetanios & Tony Yates, . "Estimating time-variation in measurement error from data revisions; an application to forecasting in dynamic models," Bank of England working papers 238, Bank of England. [Downloadable!]
      Other versions:

  19. Gunter Coenen, Volker Wieland, Andrew Levin, 2001. "Evaluating Information Variables for Monetary Policy in a Noisy Economic Environment," Computing in Economics and Finance 2001 131, Society for Computational Economics.

    Cited by:

    1. David A. Kendrick & Hans M. Amman & Marco P. Tucci, 2008. "Learning About Learning in Dynamic Economic Models," Working Papers 08-20, Utrecht School of Economics. [Downloadable!]
    2. Hans M. Amman & David A. Kendrick, 2008. "Comparison of Policy Functions from the Optimal Learning and Adaptive Control Frameworks," Working Papers 08-19, Utrecht School of Economics. [Downloadable!]
    3. David Kendrick & Hans Amman, 2006. "A Classification System for Economic Stochastic Control Models," Computational Economics, Springer, vol. 27(4), pages 453-481, June. [Downloadable!] (restricted)
      Other versions:

  20. Günter Coenen, 2000. "Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models," Working Paper Series 09, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. Carsten Detken & Vincent Brousseau, 2001. "Monetary policy and fears of financial instability," Working Paper Series 089, European Central Bank. [Downloadable!]
    2. George W. Evans & Seppo Honkapohja, 2002. "Monetary policy; expectations and commitment," Working Paper Series 124, European Central Bank. [Downloadable!]
      Other versions:
    3. Günter Coenen & Andrew T. Levin, 2004. "Identifying the influences of nominal and real rigidities in aggregate price-setting behavior," Working Paper Series 418, European Central Bank. [Downloadable!]
      Other versions:
    4. Günter Coenen & Volker Wieland, 2002. "Inflation dynamics and international linkages: a model of the United States, the euro area and Japan," Working Paper Series 181, European Central Bank. [Downloadable!]
      Other versions:
    5. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2001. "Firm investment and monetary policy transmission in the Euro area," Working Paper Series 112, European Central Bank. [Downloadable!]
      Other versions:
    6. Bernhard Winkler, 2000. "Which kind of transparency? On the need for clarity in monetary policy-making," Working Paper Series 26, European Central Bank. [Downloadable!]
    7. Michael Ehrmann & Frank Smets, 2001. "Uncertain potential output: implications for monetary policy," Working Paper Series 059, European Central Bank. [Downloadable!]
      Other versions:
    8. Gunter Coenen & Volker Wieland, 2000. "A Simple Estimated Euro Area Model With Rational Expectations And Nominal Rigidities," Computing in Economics and Finance 2000 187, Society for Computational Economics. [Downloadable!]
    9. Gunter Coenen & Volker Wieland, 2000. "A Small Estimated Euro-Area Model with Rational Expectations and Nominal Rigidities," Econometric Society World Congress 2000 Contributed Papers 1284, Econometric Society. [Downloadable!]
      Other versions:
    10. Eugenio Gaiotti & Andrea Generale, 2001. "Does monetary policy have asymmetric effects? A look at the investment decisions of Italian firms," Working Paper Series 110, European Central Bank. [Downloadable!]
      Other versions:
    11. Guenter Coenen & Athanasios Orphanides & Volker Wieland, 2003. "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," CFS Working Paper Series 2003/13, Center for Financial Studies. [Downloadable!]
      Other versions:
    12. Livio Stracca & Ali Al-Nowaihi, 2002. "Non-standard Central Bank loss functions; skewed risks; and certainty equivalence," Working Paper Series 129, European Central Bank. [Downloadable!]
    13. Miguel Casares, 2001. "Business cycle and monetary policy analysis in a structural sticky-price model of the euro area," Working Paper Series 49, European Central Bank. [Downloadable!]
      Other versions:
    14. Gonzalo Camba-Mendez & George Kapetanios, 2001. "Spectral based methods to identify common trends and common cycles," Working Paper Series 062, European Central Bank. [Downloadable!]
    15. Gian Maria Tomat, 2002. "Durable goods; price indexes and quality change: an application to automobile prices in Italy, 1988-1998," Working Paper Series 118, European Central Bank. [Downloadable!]
    16. Fiorella de Fiore, 2000. "The optimal inflation tax when taxes are costly to collect," Working Paper Series 38, European Central Bank. [Downloadable!]
    17. Fiorella de Fiore, 2000. "Can indeterminacy explain the short-run non-neutrality of money?," Working Paper Series 32, European Central Bank. [Downloadable!]
    18. Stefan Straetmans & Casper G. De Vries & Philipp Hartmann, 2001. "Asset market linkages in crisis periods," Working Paper Series 071, European Central Bank. [Downloadable!]
      Other versions:
    19. Andreas Beyer & Roger E. A. Farmer, 2002. "Natural rate doubts," Working Paper Series 121, European Central Bank. [Downloadable!]
      Other versions:
    20. Andreas Worms, 2001. "The reaction of bank lending to monetary policy measures in Germany," Working Paper Series 096, European Central Bank. [Downloadable!]
    21. Seppo Honkapohja & Kaushik Mitra, 2002. "Learning stability in economics with heterogenous agents," Working Paper Series 120, European Central Bank. [Downloadable!]
      Other versions:

  21. Günter Coenen & Juan-Luis Vega, 1999. "The demand for M3 in the euro area," Working Paper Series 6, European Central Bank. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Jan Gottschalk, 2001. "Measuring Expected Inflation and the Ex-Ante Real Interest Rate in the Euro Area Using Structural Vector Autoregressions," Kiel Working Papers 1067, Kiel Institute for the World Economy. [Downloadable!]
    2. Carsten Detken & Vincent Brousseau, 2001. "Monetary policy and fears of financial instability," Working Paper Series 089, European Central Bank. [Downloadable!]
    3. Nikolaus A. Siegfried, 2002. "An information-theoretic extension to structural VAR modelling," Econometrics 0203005, EconWPA. [Downloadable!]
      Other versions:
    4. Marilyne Huchet-Bourdon, 2003. "Fonctions de réaction des banques centrales européennes et convergence," Post-Print halshs-00143784_v1, HAL. [Downloadable!]
    5. Miguel Lebre de Freitas, 2003. "Currency substitution and money demand in Euroland," NIPE Working Papers 11/2003, NIPE - Universidade do Minho. [Downloadable!]
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    6. Charles van Marrewijk, 2004. "An introduction to international money and foreign exchange markets," International Finance 0410006, EconWPA. [Downloadable!]
    7. Karsten Ruth, 2007. "Interest rate reaction functions for the euro area," Empirical Economics, Springer, vol. 33(3), pages 541-569, November. [Downloadable!] (restricted)
    8. Matei Demetrescu & Helmut Luetkepohl & Pentti Saikkonen, 2008. "Testing for the Cointegrating Rank of a Vector Autoregressive Process with Uncertain Deterministic Trend Term," Economics Working Papers ECO2008/24, European University Institute. [Downloadable!]
    9. Joao Miguel Sousa & Andrea Zaghini, 2007. "Global Monetary Policy Shocks in the G5: a SVAR Approach," CEIS Research Paper 89, Tor Vergata University, CEIS. [Downloadable!]
      Other versions:
    10. George W. Evans & Seppo Honkapohja, 2002. "Monetary policy; expectations and commitment," Working Paper Series 124, European Central Bank. [Downloadable!]
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    11. Guenter Coenen & Andrew Levin & Volker Wieland, 2003. "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series 2003/07, Center for Financial Studies. [Downloadable!]
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    12. Jan Gottschalk & Florian Höppner, 2001. "Measuring the Effects of Monetary Policy in the Euro Area: The Role of Anticipated Policy," Kiel Working Papers 1074, Kiel Institute for the World Economy. [Downloadable!]
    13. Giacomo Sbrana, 2008. "On the use of area-wide models in the Euro-zone," Statistical Methods and Applications, Springer, vol. 17(4), pages 499-518, October. [Downloadable!] (restricted)
    14. Tödter, Karl-Heinz, 2002. "Monetary indicators and policy rules in the P-star model," Discussion Paper Series 1: Economic Studies 2002,18, Deutsche Bundesbank, Research Centre. [Downloadable!]
    15. Carmine Trecroci & Juan Vega, 2002. "The information content of M3 for future inflation in the Euro area," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 138(1), pages 22-53, March. [Downloadable!] (restricted)
    16. Jörg Döpke & Jan Gottschalk & Christophe Kamps, 2001. "Sources of Euro Real Exchange Rate Fluctuations: What Is Behind the Euro Weakness in 1999-2000?," Kiel Working Papers 1050, Kiel Institute for the World Economy. [Downloadable!]
    17. Lauri Kajanoja, 2004. "Money as an indicator variable for monetary policy when money demand is forward looking," Macroeconomics 0405003, EconWPA. [Downloadable!]
    18. Christian Dreger & Jürgen Wolters, 2008. "M3 Money Demand and Excess Liquidity in the Euro Area," Working Paper / FINESS 7.1a, DIW Berlin, German Institute for Economic Research. [Downloadable!]
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    19. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2001. "Firm investment and monetary policy transmission in the Euro area," Working Paper Series 112, European Central Bank. [Downloadable!]
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    20. Luca Dedola & Eugenio Gaiotti & Luca Silipo, 2001. "Money demand in the euro area: do national differences matter?," Temi di discussione (Economic working papers) 405, Bank of Italy, Economic Research Department. [Downloadable!]
      Other versions:
    21. Miguel Lebre de Freitas, 2003. "EU-wide money and currency substitution," Working Papers de Economia (Economics Working Papers) 09, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro. [Downloadable!]
      Other versions:
    22. Roberto A. De Santis & Carlo A. Favero & Barbara Roffia, 2008. "Euro area money demand and international portfolio allocation - a contribution to assessing risks to price stability," Working Paper Series 926, European Central Bank. [Downloadable!]
    23. Bernhard Winkler, 2000. "Which kind of transparency? On the need for clarity in monetary policy-making," Working Paper Series 26, European Central Bank. [Downloadable!]
    24. Gerlach, Stefan, 2003. "The ECB's Two Pillars," CEPR Discussion Papers 3689, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    25. Bordes, C. & Clerc, L., 2004. "Price Stability and The ECB's Monetary Policy Strategy," Documents de Travail 109, Banque de France. [Downloadable!]
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    26. Stefan Gerlach & Lars E.O. Svensson, 2000. "Money and Inflation in the Euro Area: A Case for Monetary Indicators?," NBER Working Papers 8025, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    27. Francisco Maeso Fernandez & Bernd Schnatz & Chiara Osbat, 2001. "Determinants of the Euro real effective exchange rate: a BEER/PEER approach," Working Paper Series 085, European Central Bank. [Downloadable!]
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    28. Christian Dreger & Jürgen Wolters, 2008. "Money Velocity and Asset Prices in the Euro Area," Working Paper / FINESS 7.1b, DIW Berlin, German Institute for Economic Research. [Downloadable!]
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    29. Kirstin Hubrich & Peter J. G. Vlaar, 2000. "Germany and the Euro Area: Differences in the Transmission Process of Monetary Policy," Econometric Society World Congress 2000 Contributed Papers 1802, Econometric Society, revised 08 Nov 2000. [Downloadable!]
      Other versions:
    30. Matteo M. Iacoviello, 2000. "House prices and the macroeconomy in Europe: results from a structural VAR analysis," Working Paper Series 18, European Central Bank. [Downloadable!]
    31. Eugenio Gaiotti & Andrea Generale, 2001. "Does monetary policy have asymmetric effects? A look at the investment decisions of Italian firms," Working Paper Series 110, European Central Bank. [Downloadable!]
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    32. Reimers, Hans-Eggert & Herwartz, Helmut, 2001. "Long-Run Links Among Money, Prices, and Output: World-Wide Evidence," Discussion Paper Series 1: Economic Studies 2001,14, Deutsche Bundesbank, Research Centre. [Downloadable!]
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    33. H. Nielsen & G. Tullio & J. Wolters, . "Currency Substitution and the Stability of the Italian Demand for Money before the entry into the Monetary Union, 1972-1998," Sonderforschungsbereich 373 2000-66, Humboldt Universitaet Berlin.
    34. Youngsoo Bae & Robert M. de Jong, 2007. "Money demand function estimation by nonlinear cointegration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(4), pages 767-793. [Downloadable!]
    35. Antonio E. Noriega & Daniel Ventosa-Santaularia, . "Spurious Regression and Trending Variables," School of Economics Working Papers EM200701, Universidad de Guanajuato. [Downloadable!]
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    36. Fabrizio Coricelli & Boštjan Jazbec & Igor Masten, 2004. "Exchange Rate Policy and Inflation in Acceding Countries: The Role of Pass-through," William Davidson Institute Working Papers Series 2004-674, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    37. Claus Brand & Nuno Cassola, 2004. "A money demand system for euro area M3," Applied Economics, Taylor and Francis Journals, vol. 36(8), pages 817-838, May. [Downloadable!] (restricted)
    38. Kai Carstensen, 2003. "Is European Money Demand Still Stable?," Kiel Working Papers 1179, Kiel Institute for the World Economy. [Downloadable!]
    39. Livio Stracca & Ali Al-Nowaihi, 2002. "Non-standard Central Bank loss functions; skewed risks; and certainty equivalence," Working Paper Series 129, European Central Bank. [Downloadable!]
    40. Jan Gottschalk & Stéphanie Stolz, 2001. "The Link of the Monetary Indicator to Future Inflation in the Euro Area — A Simulation Experiment," Kiel Working Papers 1057, Kiel Institute for the World Economy. [Downloadable!]
    41. Laurence Boone & Paul Noord, 2008. "Wealth effects on money demand in the euro area," Empirical Economics, Springer, vol. 34(3), pages 525-536, June. [Downloadable!] (restricted)
    42. Gonzalo Camba-Mendez & George Kapetanios, 2001. "Spectral based methods to identify common trends and common cycles," Working Paper Series 062, European Central Bank. [Downloadable!]
    43. Gian Maria Tomat, 2002. "Durable goods; price indexes and quality change: an application to automobile prices in Italy, 1988-1998," Working Paper Series 118, European Central Bank. [Downloadable!]
    44. O. Holtemöller, . "Money and Prices: An I(2) Analysis for the Euro Area," Sonderforschungsbereich 373 2002-12, Humboldt Universitaet Berlin.
    45. Dumitru, Ionut, 2002. "Money Demand in Romania," MPRA Paper 10629, University Library of Munich, Germany. [Downloadable!]
    46. Alessandro Calza & Alexander Jung & Livio Stracca, 2000. "An econometric analysis of the main components of M3 in the Euro area," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 136(4), pages 680-701, December. [Downloadable!] (restricted)
    47. Reimers, Hans-Eggert, 2002. "Analysing Divisia Aggregates for the Euro Area," Discussion Paper Series 1: Economic Studies 2002,13, Deutsche Bundesbank, Research Centre. [Downloadable!]
    48. Peter Kugler & Sylvia Kaufmann, 2005. "Does Money Matter for Inflation in the Euro Area?," Working Papers 103, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
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    49. Fiorella de Fiore, 2000. "The optimal inflation tax when taxes are costly to collect," Working Paper Series 38, European Central Bank. [Downloadable!]
    50. Abbas Valadkhani & Mohammad Alauddin, 2003. "Demand for M2 in Developing Countries: An Empirical Panel Investigation," School of Economics and Finance Discussion Papers and Working Papers Series 158, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
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    51. C. Müller & E. Hahn, . "Money Demand in Europe: Evidence from the Past," Sonderforschungsbereich 373 2000-35, Humboldt Universitaet Berlin.
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    52. Ralf Brüggemann, 2006. "Finite Sample Properties of Impulse Response Intervals in SVECMs with Long-Run Identifying Restrictions," SFB 649 Discussion Papers SFB649DP2006-021, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
    53. Andreas Beyer & Katarina Juselius, 2008. "Does it Matter How to Measure Aggregates? The Case of Monetary Transmission Mechanisms in the Euro Area," Discussion Papers 08-07, University of Copenhagen. Department of Economics. [Downloadable!]
    54. Nicoletta Batini, 2002. "Euro area inflation persistence," Working Paper Series 201, European Central Bank. [Downloadable!]
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    55. Fiorella de Fiore, 2000. "Can indeterminacy explain the short-run non-neutrality of money?," Working Paper Series 32, European Central Bank. [Downloadable!]
    56. Giuseppe Ferrero & Andrea Nobili & Patrizia Passiglia, 2007. "The sectoral distribution of money supply in the Euro area," Temi di discussione (Economic working papers) 627, Bank of Italy, Economic Research Department. [Downloadable!]
    57. Robert-Paul Berben, 2003. "Does stock market uncertainty impair the use of monetary indicators in the euro area?," MEB Series (discontinued) 2003-15, Netherlands Central Bank, Monetary and Economic Policy Department.
    58. Abbas Valadkhani, 2003. "Long and Short-Run Determinants of Money Demand in New Zealand: Evidence from Cointegration Analysis," School of Economics and Finance Discussion Papers and Working Papers Series 132, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
    59. Joao Sousa & Andrea Zaghini, 2008. "Monetary policy shocks in the euro area and global liquidity spillovers," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 205-218. [Downloadable!]
      Other versions:
    60. Jan Gottschalk & Felipe Martinez Rico & Willem Van Zandweghe, 2000. "Money as an Indicator in the Euro Zone," Kiel Working Papers 984, Kiel Institute for the World Economy. [Downloadable!]
    61. Jan Gottschalk & Susanne Bröck, 2000. "Inflationsprognosen für den Euro-Raum: wie gut sind P*-Modelle?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 69(1), pages 69-89.
    62. Andreas Beyer & Roger E. A. Farmer, 2002. "Natural rate doubts," Working Paper Series 121, European Central Bank. [Downloadable!]
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    63. Stefan Straetmans & Casper G. De Vries & Philipp Hartmann, 2001. "Asset market linkages in crisis periods," Working Paper Series 071, European Central Bank. [Downloadable!]
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    64. Christian Dreger & Jürgen Wolters, 2006. "Investigating M3 Money Demand in the Euro Area: New Evidence Based on Standard Models," Discussion Papers of DIW Berlin 561, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    65. Fabrizio CORICELLI & Bostjan JAZBEC & Igor MASTEN, 2004. "Exchange Rate Pass-Through in Acceding Countries: The Role of Exchange Rate Regimes," Economics Working Papers ECO2004/16, European University Institute. [Downloadable!]
    66. Boris Hofmann, 2008. "Do monetary indicators lead euro area inflation?," Working Paper Series 867, European Central Bank. [Downloadable!]
    67. Eilev S. Jansen, 2004. "Modelling inflation in the Euro Area," Working Paper 2004/10, Norges Bank. [Downloadable!]
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    68. Andreas Worms, 2001. "The reaction of bank lending to monetary policy measures in Germany," Working Paper Series 096, European Central Bank. [Downloadable!]
    69. Joachim Scheide & Mathias Trabandt, 2000. "Predicting Inflation in Euroland — The Pstar Approach," Kiel Working Papers 1019, Kiel Institute for the World Economy. [Downloadable!]
    70. Zenon Kontolemis G., 2002. "Money Demand in the Euro Area: Where Do We Stand (Today)?," IMF Working Papers 02/185, International Monetary Fund. [Downloadable!]
    71. Ruth, Karsten, 2004. "Interest rate reaction functions for the euro area Evidence from panel data analysis," Discussion Paper Series 1: Economic Studies 2004,33, Deutsche Bundesbank, Research Centre. [Downloadable!]
    72. Paolo PAESANI, 2003. "Will the Monetary Pillar Stay? A Few Lessons from the UK," Economics Working Papers ECO2003/10, European University Institute. [Downloadable!]
    73. Aurelijus Dabušinskas, 2005. "Money and Prices in Estonia," Bank of Estonia Working Papers 2005-07, Bank of Estonia, revised 10 Nov 2005. [Downloadable!]
    74. Anders Warne, 2006. "Bayesian inference in cointegrated VAR models - with applications to the demand for euro area M3," Working Paper Series 692, European Central Bank. [Downloadable!]
    75. Nuno Cassola & Claudio Morana, 2002. "Monetary policy and the stock market in the Euro area," Working Paper Series 119, European Central Bank. [Downloadable!]
    76. Claudio Morana, 2000. "Measuring core inflation in the Euro area," Working Paper Series 36, European Central Bank. [Downloadable!]
    77. Seppo Honkapohja & Kaushik Mitra, 2002. "Learning stability in economics with heterogenous agents," Working Paper Series 120, European Central Bank. [Downloadable!]
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    78. Abelardo Salazar Neaves & Oliver Hossfeld & Jan Hagen & Kai Carstensen, 2008. "Money Demand Stability and Inflation: Prediction in the Four Largest EMU Countries," Kiel Working Papers 1443, Kiel Institute for the World Economy. [Downloadable!]
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    79. Valadkhani, Abbas, 2006. "What Determines the Demand for Money in the Asian-Pacific Countries? An Empirical Panel Investigation," Economics Working Papers wp06-11, School of Economics, University of Wollongong, NSW, Australia. [Downloadable!]
    80. Jan Gottschalk, 2001. "Monetary Conditions in the Euro Area: Useful Indicators of Aggregate Demand Conditions?," Kiel Working Papers 1037, Kiel Institute for the World Economy. [Downloadable!]
    81. Dario Focarelli, 2002. "Bootstrap bias-correction procedure in estimating long-run relationships from dynamic panels, with an application to money demand in the euro area," Temi di discussione (Economic working papers) 440, Bank of Italy, Economic Research Department. [Downloadable!]
    82. Claus Brand & Nuno Cassola, 2000. "A money demand system for Euro area M3," Working Paper Series 39, European Central Bank. [Downloadable!]
    83. A. Calza & C. Gartner & J. Sousa, 2003. "Modelling the demand for loans to the private sector in the euro area," Applied Economics, Taylor and Francis Journals, vol. 35(1), pages 107-117, January. [Downloadable!] (restricted)
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    84. Carmine Trecroci & Juan Luis Vega-Croissier, 2000. "The information content of M3 for future inflation," Working Paper Series 33, European Central Bank. [Downloadable!]
    85. Abbas Valadkhani, 2002. "Modelling Demand for Broad Money in Australia," School of Economics and Finance Discussion Papers and Working Papers Series 120, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
    86. Shigeyuki Hamori, 2008. "Empirical Analysis of the Money Demand Function in Sub-Saharan Africa," Economics Bulletin, Economics Bulletin, vol. 15(4), pages 1-15. [Downloadable!]
    87. Matteo Iacoviello, 2002. "House Prices and Business Cycles in Europe: a VAR Analysis," Boston College Working Papers in Economics 540, Boston College Department of Economics. [Downloadable!]
    88. Roberto Golinelli & Sergio Pastorello, 2002. "Modelling the demand for M3 in the Euro area," European Journal of Finance, Taylor and Francis Journals, vol. 8(4), pages 371-401, December. [Downloadable!] (restricted)
    89. Komárek Luboš & Melecký Martin, 2001. "Demand for Money in the Transition Economy : The Case of the Czech Republic 1993–2001," The Warwick Economics Research Paper Series (TWERPS) 614, University of Warwick, Department of Economics. [Downloadable!]
    90. Jan Gottschalk, 2001. "An Introduction into the SVAR Methodology: Identification, Interpretation and Limitations of SVAR models," Kiel Working Papers 1072, Kiel Institute for the World Economy. [Downloadable!]
    91. Kajanoja, Lauri, 2003. "Money as an indicator variable for monetary policy when money demand is forward looking," Research Discussion Papers 9/2003, Bank of Finland. [Downloadable!]
    92. Michael Funke, 2001. "Money Demand in Euroland," Quantitative Macroeconomics Working Papers 20112, Hamburg University, Department of Economics. [Downloadable!]
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    93. Hans Christian Kongsted & Heino Bohn Nielsen, 2002. "Analyzing I(2) Systems by Transformed Vector Autoregressions," Discussion Papers 02-20, University of Copenhagen. Department of Economics. [Downloadable!]

Articles

  1. Coenen, Günter & McAdam, Peter & Straub, Roland, 2008. "Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(8), pages 2543-2583, August. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  2. Coenen, Gunter & Levin, Andrew T. & Christoffel, Kai, 2007. "Identifying the influences of nominal and real rigidities in aggregate price-setting behavior," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2439-2466, November. [Downloadable!] (restricted)
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    See citations under working paper version above.

  3. Coenen, Gunter, 2007. "Inflation persistence and robust monetary policy design," Journal of Economic Dynamics and Control, Elsevier, vol. 31(1), pages 111-140, January. [Downloadable!] (restricted)
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    See citations under working paper version above.

  4. Günter Coenen & Roland Straub, 2005. "Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area," International Finance, Blackwell Publishing, vol. 8(3), pages 435-470, December. [Downloadable!] (restricted)
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  5. Coenen, Gunter & Wieland, Volker, 2005. "A small estimated euro area model with rational expectations and nominal rigidities," European Economic Review, Elsevier, vol. 49(5), pages 1081-1104, July. [Downloadable!] (restricted)
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    See citations under working paper version above.

  6. Coenen, Gunter & Levin, Andrew & Wieland, Volker, 2005. "Data uncertainty and the role of money as an information variable for monetary policy," European Economic Review, Elsevier, vol. 49(4), pages 975-1006, May. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  7. Günter Coenen, 2005. "Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models," Empirical Economics, Springer, vol. 30(1), pages 65-75, January. [Downloadable!] (restricted)
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    See citations under working paper version above.

  8. Ramón Adalid & Günter Coenen & Peter McAdam & Stefano Siviero, 2005. "The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 1(1), May. [Downloadable!]
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  9. Günter Coenen & Athanasios Orphanides & Volker Wieland, 2004. "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
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  10. Günter Coenen & Volker W. Wieland, 2004. "Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates," American Economic Review, American Economic Association, vol. 94(2), pages 80-84, May. [Downloadable!]
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  11. Ignazio Angeloni & Gunter Coenen & Frank Smets, 2003. "Persistence, The Transmission Mechanism And Robust Monetary Policy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(5), pages 527-549, November. [Downloadable!] (restricted)
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  12. Coenen, Gunter & Wieland, Volker, 2003. "The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan," Journal of Monetary Economics, Elsevier, vol. 50(5), pages 1071-1101, July. [Downloadable!] (restricted)
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  13. G. Coenen & J.-L. Vega, 2001. "The demand for M3 in the euro area," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(6), pages 727-748. [Downloadable!]
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    See citations under working paper version above.Sorry, no citations of articles recorded.

Chapters

  1. Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub, 2007. "International Transmission and Monetary Policy Cooperation," NBER Chapters, in: International Dimensions of Monetary Policy National Bureau of Economic Research, Inc. [Downloadable!]
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    See citations under working paper version above.Sorry, no citations of chapters recorded.

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