C02: Public interventions in asset markets

This project studies monetary policy interventions in the context of heterogeneity in product and asset markets. The project develops new empirical strategies to understand the role of price distortions, markups and marginal costs in driving price trends. We will also quantify to what extent inefficient inflation levels generate price distortions and study inflation measurement when product turnover and prices display seasonal patterns.

The project also aims at a better understanding of the effects of conventional and unconventional monetary policies on asset markets and, in the face of heterogeneous portfolios, on the wealth distribution. The project will use novel identification strategies and long-run macrodata to identify the effects and channels of monetary policy on prices, risk premia, and their synchronization across asset markets. We will also study the effects of unconventional monetary policy such as foreign exchange interventions and balance sheet expansions, and develop a framework to evaluate their macroeconomic and financial effects jointly.

C02 project members

Project leaders
Klaus Adam
5
+49 621 181 1809 (secretary: -1808)
5
Moritz Schularick
6
+49 228 73 60346
6
Members
Bjarne Horst
7
+49 621 181 1802
7
Chi-Hyun Kim
8
tba
8
Hannes Twieling
9
tba
9
Husnu Dalgic
10
+49 621 181 1958
10
Stephanie Ettmeier
11
+49 228 73 60284
11
Timothy Meyer
12
+49 228 73 60153
12
Ulrich Roschitsch
13
+49 621 181 1802
13

Former members

  • Andrey Alexandrov (Mannheim)

  • Fabian Greimel (Mannheim)

  • Lukas Henkel (Mannheim)

  • Janko Heineken (Bonn)

  • Matthias Meier14 (Mannheim) changed to project C0515

  • Narly Dwarkasing (Bonn)

  • Oliver Pfäuti (Mannheim)

  • Sebastian Merkel (Mannheim)

  • Timo Reinelt (Mannheim)

  • Antoine Camous (Mannheim)

Links

  1. https://www.crctr224.de/projects/c-financial-market-regulation/c02/project-description-and-members/project-description-and-members#c02-members
  2. https://www.crctr224.de/projects/c-financial-market-regulation/c02/policy-outreach-in-the-press
  3. https://www.crctr224.de/projects/c-financial-market-regulation/c02/publications/publications
  4. https://www.crctr224.de/projects/c-financial-market-regulation/c02/discussion-papers
  5. https://www.crctr224.de/people/members-alphabetical-order/klaus-adam
  6. https://www.crctr224.de/people/members-alphabetical-order/moritz-schularick
  7. https://www.crctr224.de/people/members-alphabetical-order/bjarne-horst
  8. https://www.crctr224.de/people/members-alphabetical-order/chi-hyun-kim
  9. https://www.crctr224.de/people/members-alphabetical-order/hannes-twieling
  10. https://www.crctr224.de/people/members-alphabetical-order/husnu-dalgic
  11. https://www.crctr224.de/people/members-alphabetical-order/stephanie-ettmeier
  12. https://www.crctr224.de/people/members-alphabetical-order/timothy-meyer
  13. https://www.crctr224.de/people/members-alphabetical-order/ulrich-roschitsch
  14. https://www.crctr224.de/people/members-alphabetical-order/matthias-meier
  15. https://www.crctr224.de/projects/c-financial-market-regulation/c05