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

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 64, 2017, 162-170 (with Beckmann, Belke)

Re-vitalizing money demand in the euro area. Still valid at the zero lower bound
Bulletin of Economic Research 71, 2019, 599-615 (with Gerdesmeier, Roffia)

Did interest rates at the zero lower bound  affect lending of commercial banks? Evidence for the euro area
Journal of Economics and Statistics, 239, 2019, 841-860 (with Belke)


Back to selection