Monetary economics



Topics

International financial markets

ECB monetary policy

Money demand behaviour




Research fellowship

Euro area business cycle network




Projects on financial markets and monetary policy

FINESS (EU FP7): Financial systems, efficiency and stimulation of sustainable growth

FINPROP (EU FP6): Financial integration in Europe and the propagation of shocks

European Parliament: Is inflation reducing the ability of central banks to reduce inflation?

European Central Bank: Impact of unconventional monetary policy on money demand



Some references

Long run money demand in the new EU member states with exchange rate effects
Eastern European Economics 45, 2007, 75-94 (with Reimers, Roffia)


What drives heterogeneity in foreign exchange rate expectations? Insights from a new survey
International Journal of Finance and Economics 13, 2008, 360-367 (with Stadtmann)


M3 velocity and asset prices in the euro area
Empirica 36, 2009, 51-63 (with Wolters)


Does the nominal exchange rate regime affect the real interest parity condition?
North American Journal of Econnomics and Finance 21, 2010, 274-285


Does euro area membership affect the relation between GDP growth and debt?
Journal of Macroeconomics 38, 2013, 481-486 (with Reimers)


Investigating M3 money demand in the euro area
Journal of International Money and Finance 29, 2010, 111-122 (with Wolters)


M3 money demand and exess liquidity in the euro area
Public Choice 144, 2010, 459-472 (with Wolters)


Liquidity and asset prices. How strong are the linkages?
Review of Ecconomics and Finance 1, 2011, 43-52 (with Wolters)


Unconventional monetary policy and money demand
Journal of Macroeconomics 46, 2015, 40-54 (with Wolters)


On the empirical relevance of the Lucas critique. The case of euro area money demand
Empirica 43, 2016, 61-82 (with Wolters)


The relevance of international spillovers and asymmetric effects in the Taylor rule
Quarterly Review of Economics and Finance, DOI: 10.1016/j.qref2016_11.004 (with Beckmann, Belke)




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