Günter Coenen

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

30

DOWNLOADS
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3,532

CITATIONS
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Top 1,205

in Total Papers Citations

455

Scholarly Papers (30)

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 384 (74,982)
Citation 74

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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 167 (175,746)

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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 118 (233,114)
Citation 61

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

3.

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 221 (135,794)
Citation 19

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fiscal policy, DSGE modeling, Bayesian inference, Euro area

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 208 (143,905)
Citation 16

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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

ECB Working Paper No. 218
Number of pages: 53 Posted: 31 May 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 180 (164,377)

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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

CEPR Discussion Paper No. 3895
Number of pages: 45 Posted: 26 Jun 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 24 (504,942)
Citation 66
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Monetary policy rules, zero interest rate bound, liquidity trap, rational expectations, nominal rigidities, exchange rates, monetary transmission

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

ECB Working Paper No. 231; FEDS Working Paper No. 98-35
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 170 (173,030)
Citation 3

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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

CEPR Discussion Paper No. 3892
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 (511,035)
Citation 55
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Inflation targeting, price stability, monetary policy rules, liquidity trap

7.

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

ECB Working Paper No. 181; FRB International Finance Discussion Paper No. 745
Number of pages: 49 Posted: 14 Jan 2003
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 171 (171,992)
Citation 2

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

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, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 144 (199,235)

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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, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 26 (493,023)
Citation 6

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

9.

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

ECB Working Paper No. 269
Number of pages: 26 Posted: 26 Jan 2004
Günter Coenen
European Central Bank (ECB)
Downloads 149 (193,335)
Citation 4

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

10.

The Demand for M3 in the Euro Area

ECB Working Paper No. 6
Number of pages: 57 Posted: 11 Dec 2002
Günter Coenen and Juan Luis Vega-Croissier
European Central Bank (ECB) and Europaische Zentralbank
Downloads 143 (199,862)
Citation 57

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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

ECB Working Paper No. 350
Number of pages: 25 Posted: 14 Oct 2004
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 130 (215,757)
Citation 8

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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

ECB Working Paper No. 250
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 122 (226,333)
Citation 8

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Persistence, transmission process, monetary policy, euro area

13.

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 112 (240,980)
Citation 79

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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

FEDS Working Paper No. 2001-54; ECB Working Paper No. 84; CFS Working Paper No. 2003/07
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 89 (283,365)

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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

CEPR Discussion Paper No. 3812
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 (529,954)
Citation 40
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Euro area, Kalman filter, macroeconomic modelling, measurement error, monetary policy rules, rational expectations

15.

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

ECB Working Paper No. 270
Number of pages: 21 Posted: 29 Dec 2003
Günter Coenen
European Central Bank (ECB)
Downloads 99 (262,543)
Citation 11

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

16.

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 95 (269,635)
Citation 21

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

17.

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

ECB Working Paper No. 418
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 87 (285,097)
Citation 21

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

18.

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 84 (291,396)
Citation 15

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

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

ECB Working Paper No. 30; CFS Working Paper No. 2003/08
Number of pages: 33 Posted: 12 Dec 2002
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 62 (349,584)

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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

CEPR Discussion Paper No. 3574
Number of pages: 34 Posted: 07 Nov 2002
Günter Coenen and Volker Wieland
European Central Bank (ECB) and University of Frankfurt
Downloads 20 (529,954)
Citation 30
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European Monetary Union, Euro area, nominal rigidities, inflation persistence, staggered contracts, macroeconomic models

20.

Inflation Persistence and Robust Monetary Policy Design

ECB Working Paper No. 290
Number of pages: 56 Posted: 27 Apr 2004
Günter Coenen
European Central Bank (ECB)
Downloads 79 (302,237)
Citation 12

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

21.

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 76 (309,187)
Citation 18

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

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 34 (451,783)
Citation 19

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Fiscal policy, fiscal multiplier, European Economic Recovery Plan, DSGE modelling, Bayesian inference, 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 33 (456,337)

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

23.

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

ECB Working Paper No. 9
Number of pages: 33 Posted: 10 Dec 2002
Günter Coenen
European Central Bank (ECB)
Downloads 66 (334,145)
Citation 4

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

24.

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

ECB Working Paper No. 479
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 59 (353,578)
Citation 11

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

25.

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 53 (371,978)
Citation 7

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

26.

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 49 (384,928)
Citation 2

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

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 22 (501,178)

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

28.

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 10 (571,260)

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29.

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 3 (616,980)

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30.

Exchange-Rate Policy and the Zero Bound on Nominal Interest

CFS Working Paper No. 2004-14
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