Discussion papers

Project group C02: Discussion papers

The Optimal Inflation Target
572/2024, C02, Klaus Adam, Henning Weber
Active or Passive? Revisiting the Role of Fiscal Policy During High Inflation
565/2024, C02, Stephanie Ettmeier, Alexander Kriwoluzky
Asset Price Changes, External Wealth and Global Welfare
534/2024, C02, Timothy Meyer
Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap
508/2024, A03, C02, Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn, Moritz Schularick
Changes in the Distribution of Black and White Wealth Since the US Civil War
507/2024, A03, C02, Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn, Moritz Schularick. Published in Journal of Economic Perspectives 37 (2023), 71-90
No Taxation Without Reallocation: The Distributional Effects of Tax Changes
436/2023, C02, Stephanie Ettmeier
Evaluating the Financial Instability Hypothesis: A Positive and Normative Analysis of Leveraged Risk-Taking and Extrapolative Expectations
431/2023, C02, Antoine Camous, Alejandro Van der Ghote. First version: May 2023
Inflation Distorts Relative Prices: Theory and Evidence
406/2023, C02, Klaus Adam, Andrey Alexandrov, Henning Weber. First version: April 2023
Fiscal Progressivity and the Time Consistency of Monetary Policy
387/2023, C02, Antoine Camous
Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020
368/2022, A03, C02, Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn, Moritz Schularick. Published in The Quarterly Journal of Economics (2023), 1-58, 101093
Corporate Debt Maturity Matters for Monetary Policy
360/2022, C02, C05, Joachim Jungherr, Matthias Meier, Timo Reinelt, Immo Schott
Modeling Bank Panics: Challenges
343/2022, C02, Lawrence Christiano, Husnu Dalgic, Xiaoming Li. Published in Economica 89 (2022), 200-238
Expectations Data in Asset Pricing
337/2022, C02, Klaus Adam, Stefan Nagel
A Behavioral Heterogeneous Agent New Keynesian Model
334/2022, C02, Oliver Pfäuti, Fabian Seyrich
The Case for a Positive Euro Area Inflation Target: Evidence From France, Germany and Italy
317/2021, C02, Klaus Adam, Erwan Gautier, Sergio Santoro, Henning Weber. Published in Journal of Monetary Economics 132 (2022), 140-153
Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster?
306/2021, C02, Lawrence Christiano, Husnu Dalgic, Armen Nurbekyan
Monetary Policy Challenges From Falling Natural Interest Rates
240/2020, C02, Klaus Adam
COVID-19 Supply Chain Disruptions
239/2020, C02, Matthias Meier, Eugenio Pinto
Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target
235/2020, C02, Klaus Adam, Oliver Pfäuti, Timo Reinelt
The Effects of Trend Inflation on Aggregate Dynamics and Monetary Stabilization
216/2020, C02, Andrey Alexandrov
Monetary Policy, Markup Dispersion, and Aggregate TFP
161/2020, C02, Matthias Meier, Timo Reinelt. Published in The Review of Economics and Statistics (2022), 101162
Supply Chain Disruptions, Time to Build, and the Business Cycle
160/2020, C02, Matthias Meier
Falling Behind: Has Rising Inequality Fueled the American Debt Boom?
159/2020, A04, C02, Moritz Drechsel-Grau, Fabian Greimel. First version: March 2020
Robustly Optimal Monetary Policy in a New Keynesian Model With Housing
154/2020, C02, Klaus Adam, Michael Woodford
Estimating the Optimal Inflation Target From Trends in Relative Prices
144/2020, C02, Klaus Adam, Henning Weber. Published as "Optimal Trend Inflation" in American Economic Review, 109(2): 702-737, 2019
The Emergence of Procyclical Fertility: The Role of Gender Differences in Employment Risk
142/2020, A03, C02, Sena Coskun, Husnu C. Dalgic. First version: January 2020. Published in Journal of Monetary Economics 142 (2024), 103523
Stock Price Cycles and Business Cycles
105/2019, C02, Klaus Adam, Sebastian Merkel
Do Plants Freeze Upon Uncertainty Shocks?
075/2019, C02, Ariel Mecikovsky, Matthias Meier
Financial Dollarization in Emerging Markets: An Insurance Arrangement
051/2018, C02, Husnu C. Dalgic
Leaning Against Housing Prices as Robustly Optimal Monetary Policy
016/2018, C02, Klaus Adam, Michael Woodford
Optimal Trend Inflation
010/2018, C02, Klaus Adam, Henning Weber. Published in American Economic Review 109 (2), 702-737