Günter Coenen

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

31

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Top 1,299

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163

CROSSREF CITATIONS

778

Scholarly Papers (31)

1.

The New Area-Wide Model of the Euro Area: A Micro-Founded Open-Economy Model for Forecasting and Policy Analysis

ECB Working Paper No. 944
Number of pages: 124 Posted: 19 Oct 2008
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 447 (78,857)
Citation 17

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DSGE modelling, open-economy macroeconomics, Bayesian inference, forecasting, policy analysis, euro area

Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area

ECB Working Paper No. 513
Number of pages: 50 Posted: 25 Aug 2005
Günter Coenen and Roland Straub
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 174 (208,921)

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non-Ricardian households, fiscal policy, DSGE modelling, euro area

Does Government Spending Crowd in Private Consumption?: Theory and Empirical Evidence for the Euro Area

IMF Working Paper No. 05/159
Number of pages: 37 Posted: 03 Mar 2006
Günter Coenen and Roland Straub
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 122 (279,002)
Citation 4

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non-Ricardian households, fiscal policy, DSGE modeling, euro area

Communication of Monetary Policy in Unconventional Times

ECB Working Paper No. 2080
Number of pages: 47 Posted: 29 Jun 2017
European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB) - Directorate General Research, CEPR, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 251 (148,165)

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central bank communication, unconventional monetary policy, asset purchase programme, forward guidance

Communication of Monetary Policy in Unconventional Times

CFS Working Paper, WP No. 578
Number of pages: 47 Posted: 27 Sep 2017
European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB) - Directorate General Research, CEPR, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 44 (498,628)
Citation 23

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Central Bank Communication, Unconventional Monetary Policy, Asset Purchase Programme, Forward Guidance

4.

Forecasting with DSGE Models

ECB Working Paper No. 1185
Number of pages: 54 Posted: 06 May 2010
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 255 (146,353)
Citation 1

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Bayesian Inference, DSGE Models, Euro Area, Forecasting, Open-Economy Macroeconomics, Vector Autoregression

The Zero-Interest-Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan

Number of pages: 53 Posted: 31 May 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 219 (169,113)

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Monetary policy rules, zero interest rate bound, liquidity trap, nominal rigidities, exchange rates

The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan

Number of pages: 45 Posted: 26 Jun 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 24 (612,950)
Citation 1
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Monetary policy rules, zero interest rate bound, liquidity trap, rational expectations, nominal rigidities, exchange rates, monetary transmission

6.

Fiscal policy and the Great Recession in the Euro Area

ECB Working Paper No. 1429
Number of pages: 15 Posted: 16 Apr 2012
Günter Coenen, Roland Straub and Mathias Trabandt
European Central Bank (ECB), European Central Bank (ECB) and Board of Governors of the Federal Reserve System
Downloads 228 (163,129)
Citation 6

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fiscal policy, DSGE modeling, Bayesian inference, Euro area

Price Stability and Monetary Policy Effectiveness When Nominal Interest Rates are Bounded at Zero

Number of pages: 39 Posted: 06 Aug 2003
European Central Bank (ECB), Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 181 (201,741)

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Inflation targeting, price stability, monetary policy rules, liquidity trap

Price Stability and Monetary Policy Effectiveness When Nominal Interest Rates are Bounded at Zero

Number of pages: 29 Posted: 24 Jun 2003
European Central Bank (ECB), Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 23 (620,205)
Citation 8
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Inflation targeting, price stability, monetary policy rules, liquidity trap

8.

Inflation Dynamics and International Linkages: A Model of the United States, the Euro Area and Japan

Number of pages: 49 Posted: 14 Jan 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 188 (195,108)

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Macroeconomic Modelling, Nominal Rigidities, Inflation Persistence, International Linkages, Monetary Policy Rules

9.

Zero Lower Bound: Is it a Problem in the Euro Area?

Number of pages: 26 Posted: 26 Jan 2004
Günter Coenen
European Central Bank (ECB)
Downloads 175 (207,743)
Citation 1

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Zero-interest-rate bound, price stability, nominal rigidities, interest rate

10.

The Demand for M3 in the Euro Area

Number of pages: 57 Posted: 11 Dec 2002
Günter Coenen and Juan Luis Vega-Croissier
European Central Bank (ECB) and Europaische Zentralbank
Downloads 149 (237,774)
Citation 6

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Money Demand, Euro Area, Cointegration, Error-correction Model, Impulse

11.

Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates

Number of pages: 25 Posted: 14 Oct 2004
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 133 (260,393)
Citation 2

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monetary policy rules, zero-interest-rate bound, liquidity trap, nominal rigidities, exchange rates

12.

Persistence, the Transmission Mechanism and Robust Monetary Policy

Number of pages: 32 Posted: 02 Dec 2003
Ignazio Angeloni, Günter Coenen and Frank Smets
Italian Finance Ministry - International Financial Relations, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 126 (271,199)

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Persistence, transmission process, monetary policy, euro area

Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment

ECB Working Paper No. 2352
Number of pages: 53 Posted: 04 Jan 2020
Günter Coenen, Carlos Montes-Galdon and Frank Smets
European Central Bank (ECB), European Central Bank and European Central Bank (ECB)
Downloads 69 (402,426)

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asset purchases, effective lower bound, euro area, fiscal policy, forward guidance, monetary policy

Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment

CFS Working Paper, No. 639, 2020
Number of pages: 52 Posted: 08 Feb 2020
Günter Coenen, Carlos Montes-Galdon and Frank Smets
European Central Bank (ECB), European Central Bank and European Central Bank (ECB)
Downloads 49 (480,606)
Citation 4

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Effective lower bound, monetary policy, forward guidance, asset purchases, fiscal policy, euro area

14.

Tax Reform and Labour-Market Performance in the Euro Area: A Simulation-Based Analysis Using the New Area-Wide Model

ECB Working Paper No. 747
Number of pages: 73 Posted: 25 Apr 2007
Günter Coenen, Peter McAdam and Roland Straub
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 117 (286,230)
Citation 7

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DSGE modelling, limited asset-market participation, fiscal policy, tax

Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Number of pages: 46 Posted: 17 Dec 2001
Andrew T. Levin, Günter Coenen and Volker Wieland
affiliation not provided to SSRN, European Central Bank (ECB) and University of Frankfurt
Downloads 90 (343,693)

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Euro Area, Kalman filter, measurement error, monetary policy rules, rational expectations

Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Number of pages: 47 Posted: 01 May 2003
Günter Coenen, Andrew T. Levin and Volker Wieland
European Central Bank (ECB), affiliation not provided to SSRN and University of Frankfurt
Downloads 20 (642,451)
Citation 3
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Euro area, Kalman filter, macroeconomic modelling, measurement error, monetary policy rules, rational expectations

16.

Risks to Price Stability, the Zero Lower Bound and Forward Guidance: A Real-Time Assessment

ECB Working Paper No. 1582
Number of pages: 47 Posted: 12 Sep 2013
Günter Coenen and Anders Warne
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 108 (302,624)
Citation 3

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monetary policy, deflation, zero lower bound, forward guidance, DSGE modeling, Euro area

17.

International Transmission and Monetary Policy Cooperation

ECB Working Paper No. 858
Number of pages: 48 Posted: 01 Feb 2008
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 103 (312,579)
Citation 3

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New Area Wide Model, international policy coordination, DSGE, two-country model

18.

Downward Nominal Wage Rigidity and the Long-Run Phillips Curve: Simulation-Based Evidence for the Euro Area?

Number of pages: 21 Posted: 29 Dec 2003
Günter Coenen
European Central Bank (ECB)
Downloads 102 (314,626)

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Downward nominal wage rigidity, price stability, long-run Phillips curve, euro area

Gauging the Effects of Fiscal Stimulus Packages in the Euro Area

ECB Working Paper No. 1483
Number of pages: 47 Posted: 18 Oct 2012
Günter Coenen, Roland Straub and Mathias Trabandt
European Central Bank (ECB), European Central Bank (ECB) and Board of Governors of the Federal Reserve System
Downloads 57 (444,392)

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Fiscal policy, fiscal multiplier, European Economic Recovery Plan, DSGE

Gauging the Effects of Fiscal Stimulus Packages in the Euro Area

FRB International Finance Discussion Paper No. 1061
Number of pages: 50 Posted: 27 Nov 2012
Günter Coenen, Roland Straub and Mathias Trabandt
European Central Bank (ECB), European Central Bank (ECB) and Board of Governors of the Federal Reserve System
Downloads 37 (532,954)
Citation 9

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Fiscal policy, fiscal multiplier, European Economic Recovery Plan, DSGE modelling, Bayesian inference, euro area

20.

Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior

Number of pages: 49 Posted: 13 Dec 2004
Günter Coenen and Andrew T. Levin
European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 93 (333,969)
Citation 3

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overlapping contracts, nominal rigidity, real rigidity, inflation persistence, simulation-based indirect inference

A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities

Number of pages: 33 Posted: 12 Dec 2002
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 65 (415,507)
Citation 1

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European Monetary Union, Euro Area, Macroeconomic Modelling, Rational Expectations, Nominal Rigidities, Overlapping Wage Contracts, Inflation Persistence, Monetary Policy Rules

A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities

Number of pages: 34 Posted: 07 Nov 2002
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 20 (642,451)
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European Monetary Union, Euro area, nominal rigidities, inflation persistence, staggered contracts, macroeconomic models

22.

Fiscal Consolidation in the Euro Area: Long-Run Benefits and Short-Run Costs

ECB Working Paper No. 902
Number of pages: 48 Posted: 14 May 2008
Günter Coenen, Matthias F. Mohr and Roland Straub
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 80 (365,992)
Citation 3

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DSGE modelling, limited asset-market participation, fiscal policy, fiscal consolidation, euro area

23.

Inflation Persistence and Robust Monetary Policy Design

Number of pages: 56 Posted: 27 Apr 2004
Günter Coenen
European Central Bank (ECB)
Downloads 80 (365,992)

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Macroeconomic modelling, staggered contracts, inflation persistence, monetary policy rules, robustness, euro area

24.

Asymptotic Confidence Bands for the Estimated Autocovariance and Autocorrelation Functions of Vector Autoregressive Models

Number of pages: 33 Posted: 10 Dec 2002
Günter Coenen
European Central Bank (ECB)
Downloads 70 (394,466)

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Vector Autoregressions, Autocovariances and Autocorrelations, Confidence Bands, D-method, Bootstrap Method, Euro Area, Phillips Curve, Yield Curve

25.

The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area

Number of pages: 48 Posted: 01 Jun 2005
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Bank of Italy
Downloads 65 (410,187)

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macroeconomic modelling, model uncertainty, monetary policy rules, robustness, euro area

26.

Marginalized Predictive Likelihood Comparisons of Linear Gaussian State-Space Models with Applications to DSGE, DSGE-VAR, and VAR Models

CFS Working Paper, No. 478
Number of pages: 27 Posted: 10 Oct 2014
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 58 (434,117)
Citation 11

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Bayesian inference, density forecasting, Kalman filter, missing data, Monte Carlo integration, predictive likelihood

27.

The New Area-Wide Model II: An Extended Version of the ECB’s Micro-Founded Model for Forecasting and Policy Analysis with a Financial Sector

ECB Working Paper No. 2200
Number of pages: 136 Posted: 20 Nov 2018
European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 57 (437,766)
Citation 12

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DSGE modelling, Bayesian inference, financial frictions, forecasting, policy analysis, euro area

28.

Predictive Likelihood Comparisons with DSGE and DSGE-VAR Models

ECB Working Paper No. 1536
Number of pages: 59 Posted: 11 May 2013
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 57 (437,766)
Citation 1

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Bayesian inference, forecasting, Kalman filter, missing data, Monte Carlo integration

29.

Intertemporal Effects of Fiscal Policy in an RBC Model

Bundesbank Series 1 Discussion Paper No. 1998,02E
Number of pages: 56 Posted: 07 Jun 2016
Günter Coenen
European Central Bank (ECB)
Downloads 14 (664,194)

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30.

Intertemporale Effekte Einer Fiskalischen Konsolidierung in Einem Rbc-Modell

Bundesbank Series 1 Discussion Paper No. 1998,02
Number of pages: 60 Posted: 07 Jun 2016
Günter Coenen
European Central Bank (ECB)
Downloads 4 (740,977)

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31.

Exchange-Rate Policy and the Zero Bound on Nominal Interest

Posted: 27 Apr 2004
Volker Wieland and Günter Coenen
University of Frankfurt and European Central Bank (ECB)

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Monetary policy rules, zero-interest-rate bound, liquidity trap, rational expectations, nominal rigidities, exchange rates