Michael Scharnagl

Deutsche Bundesbank

Wilhelm-Epstein-Str. 14

Frankfurt/Main, 60431

Germany

SCHOLARLY PAPERS

17

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1,015

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12

CROSSREF CITATIONS

23

Scholarly Papers (17)

1.

Loan Supply in Germany During the Financial Crisis

Number of pages: 40 Posted: 08 Jun 2016
Ulrike Busch, Michael Scharnagl and Jan Scheithauer
Deutsche Bundesbank, Deutsche Bundesbank and Deutsche Bundesbank - Economics Department
Downloads 172 (220,980)
Citation 2

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Loan supply, Bayesian VAR, sign restrictions

Real and Financial Cycles in EU Countries: Stylised Facts and Modelling Implications

ECB Occasional Paper No. 205, ISBN: 978-92-899-3364-3
Number of pages: 68 Posted: 11 Jan 2018
European Central Bank, Bank of Greece, European Central Bank (ECB), Bank of Latvia, Bank of Lithuania - Economics Department, National Bank of Belgium, Catholic University of Leuven (KUL) - Department of Economics, Banque Centrale du Luxembourg, Bank of Finland - Research, De Nederlandsche Bank, Bank of Portugal - Economic Research Department, European Central Bank (ECB) - Directorate General Research, Bank of Estonia, Croatian National Bank, Bank of Slovenia, Banque de France, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, Bank of Greece, National Bank of Denmark, Banco de España, Hans-Boeckler-Stiftung - Macroeconomic Policy Institute (IMK), Magyar Nemzeti Bank, Deutsche Bundesbank and European Central Bank
Downloads 121 (293,717)
Citation 2

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financial cycles, synchronicity, real-time estimates, DSGE models

Real and Financial Cycles in EU Countries - Stylised Facts and Modelling Implications

ECB Occasional Paper No. 2018/205
Number of pages: 68 Posted: 09 Oct 2021
European Central Bank, Bank of Greece, European Central Bank (ECB), Bank of Latvia, Bank of Lithuania - Economics Department, National Bank of Belgium, National Bank of Belgium, Banque Centrale du Luxembourg, Bank of Finland - Research, De Nederlandsche Bank, Bank of Portugal - Economic Research Department, European Central Bank (ECB) - Directorate General Research, Bank of Estonia, Croatian National Bank, Bank of Slovenia, Banque de France, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, Bank of Greece, National Bank of Denmark, Banco de España, Central Bank of Ireland, Magyar Nemzeti Bank, Deutsche Bundesbank and European Central Bank
Downloads 13 (727,697)

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DSGE models, financial cycles, real-time estimates, synchronicity

3.

Heterogeneity in Euro-Area Monetary Policy Transmission: Results from a Large Multi-Country BVAR Model

Number of pages: 39 Posted: 21 Jun 2016
Martin Mandler, Michael Scharnagl and Ute B. Volz
Deutsche Bundesbank - Economics Department, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 111 (310,765)
Citation 1

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monetary policy, transmission mechanism, euro area, Bayesian vector autoregression

4.

Households’ Portfolio Structure in Germany - Analysis of Financial Accounts Data 1959-2009

Number of pages: 25 Posted: 22 Jul 2010
Michael Scharnagl and Fred Ramb
Deutsche Bundesbank and Deutsche Bundesbank, Economics Department, Monetary Policy and Monetary Analysis
Downloads 89 (359,008)

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Financial wealth, portfolio structure, household

5.

Money Growth and Consumer Price Inflation in the Euro Area: A Wavelet Analysis

Number of pages: 37 Posted: 21 Jun 2016
Martin Mandler and Michael Scharnagl
Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
Downloads 79 (385,686)

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money growth, inflation, wavelet analysis

6.

Household's Portfolio Structure in Germany - Analysis of Financial Accounts Data 1959-2009

ECB Working Paper No. 1355
Number of pages: 31 Posted: 16 Jun 2011
Fred Ramb and Michael Scharnagl
Deutsche Bundesbank, Economics Department, Monetary Policy and Monetary Analysis and Deutsche Bundesbank
Downloads 75 (397,192)

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financial wealth, portfolio structure, household

7.

Financial Cycles in Euro Area Economies: A Cross-Country Perspective

Number of pages: 36 Posted: 28 Mar 2018
Davor Kunovac, Martin Mandler and Michael Scharnagl
Croatian National Bank, Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
Downloads 66 (425,691)

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financial cycles, band-pass filter, principal components, wavelet analysis

8.
Downloads 63 (435,945)
Citation 1

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Inflation expectations, Deflation, Options, Monetary policy, Financial crisis

9.

Financial Cycles Across G7 Economies: A View from Wavelet Analysis

Number of pages: 64 Posted: 22 Apr 2019
Martin Mandler and Michael Scharnagl
Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
Downloads 62 (439,421)

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financial cycles, wavelet analysis, cluster analysis, cross-country synchronisation

Reconsidering the Role of Monetary Indicators for Euro Area Inflation from a Bayesian Perspective Using Group Inclusion Probabilities

Deutsche Bundesbank Economic Studies Discussion Paper No. 09/07
Number of pages: 40 Posted: 29 Jun 2007
Michael Scharnagl and Christian Schumacher
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 39 (546,241)
Citation 6

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inflation forecasting, monetary indicators, Bayesian Model Averaging, inclusion probability

Reconsidering the Role of Monetary Indicators for Euro Area Inflation from a Bayesian Perspective Using Group Inclusion Probabilities

Number of pages: 40 Posted: 08 Jun 2016
Michael Scharnagl and Christian Schumacher
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 7 (779,249)

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inflation forecasting, monetary indicators, Bayesian Model Averaging, inclusion probability

11.

Simple Interest Rate Rules with a Role for Money

Number of pages: 60 Posted: 08 Jun 2016
Michael Scharnagl, Christina Gerberding and Franz Seitz
Deutsche Bundesbank, Deutsche Bundesbank and Technical University of Applied Sciences Weiden
Downloads 41 (525,005)

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Monetary policy rules, euro area, data uncertainty

12.

Estimating the Effects of the Eurosystem's Asset Purchase Programme at the Country Level

Number of pages: 56 Posted: 30 Apr 2020 Last Revised: 18 Nov 2021
Martin Mandler and Michael Scharnagl
Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
Downloads 27 (601,235)

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asset purchase programme, unconventional monetary policy, euro area, Bayesian vector autoregression, regional effects of monetary policy

Bank Loan Supply Shocks and Alternative Financing of Non-Financial Corporations in the Euro Area

Number of pages: 91 Posted: 22 Apr 2019
Martin Mandler and Michael Scharnagl
Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
Downloads 22 (655,199)

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loan supply, external financing, Euro Area, Bayesian VAR, sign restrictions, joint posterior distribution

Bank Loan Supply Shocks and Alternative Financing of Non‐Financial Corporations in the Euro Area

The Manchester School, Vol. 88, pp. 126-150, 2020
Number of pages: 25 Posted: 07 Oct 2020
Martin Mandler and Michael Scharnagl
Deutsche Bundesbank - Economics Department and Deutsche Bundesbank
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Bayesian VAR, external financing, euro area, joint posterior distribution, loan supply, sign restrictions

14.

How Effective are Automatic Stabilisers? Theory and Empirical Results for Germany and Other OECD Countries

Number of pages: 37 Posted: 08 Jun 2016
Michael Scharnagl and Karl-Heinz Todter
Deutsche Bundesbank and Deutsche Bundesbank - Research Department
Downloads 15 (685,747)

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Fiscal policy, automatic stabilisers, smoothing power, compensation method

15.

Geldmengenaggregate Unter Berücksichtigung Struktureller Veränderungen an Den Finanzmärkten

Number of pages: 68 Posted: 07 Jun 2016
Michael Scharnagl
Deutsche Bundesbank
Downloads 9 (732,812)

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16.

Monetary Aggregates with Special Reference to Structural Changes in the Financial Markets

Number of pages: 64 Posted: 07 Jun 2016
Michael Scharnagl
Deutsche Bundesbank
Downloads 4 (772,007)

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17.

The Stability of German Money Demand: Not Just a Myth

Posted: 09 Nov 1998
Michael Scharnagl
Deutsche Bundesbank

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