Emanuel Kohlscheen

Bank for International Settlements (BIS)

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

SCHOLARLY PAPERS

41

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8,747

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Top 12,566

in Total Papers Citations

79

CROSSREF CITATIONS

44

Scholarly Papers (41)

1.

The Macroeconomic Spillover Effects of the Pandemic on the Global Economy

BIS Bulletin no. 4.
Number of pages: 11 Posted: 09 Apr 2020 Last Revised: 28 Oct 2022
Emanuel Kohlscheen, Benoît Mojon and Daniel Rees
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 2,299 (12,278)
Citation 18

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COVID-19, spillovers, GDP

2.

Determinants of Bank Profitability in Emerging Markets

BIS Working Paper No. 686
Number of pages: 36 Posted: 24 Jan 2018
Emanuel Kohlscheen, Andrés Murcia Pabón and Julieta Contreras
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 1,466 (24,751)
Citation 7

Abstract:

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bank profitability, credit, risk premia, emerging markets, interest rates

When the Walk is Not Random: Commodity Prices and Exchange Rates

BIS Working Paper No. 551
Number of pages: 54 Posted: 08 Apr 2016
Emanuel Kohlscheen, Fernando H. Avalos and Andreas Schrimpf
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 554 (92,692)
Citation 1

Abstract:

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commodities, exchange rates, interest rates

When the Walk is Not Random: Commodity Prices and Exchange Rates

International Journal of Central Banking, vol. 13(2), pages 121-158, June 2017
Number of pages: 38 Posted: 19 Mar 2021
Emanuel Kohlscheen, Fernando H. Avalos and Andreas Schrimpf
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 266 (212,706)

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carry; commodities; exchange rate; export

4.

Housing Market Risks in the Wake of the Pandemic

BIS Bulletin, no. 50 (2022)
Number of pages: 9 Posted: 11 Mar 2022
Deniz Igan, Emanuel Kohlscheen and Phurichai Rungcharoenkitkul
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 544 (96,021)
Citation 3

Abstract:

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asset prices; consumption; house prices; monetary policy; rent; COVID-19 pandemic

5.

Foreign Exchange Market Intervention in EMEs: What Has Changed?

BIS Quarterly Review September 2016
Number of pages: 16 Posted: 05 Oct 2016
Dietrich Domanski, Emanuel Kohlscheen and Ramon Moreno
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Self employed
Downloads 422 (130,099)
Citation 6

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6.

Labour Markets and Inflation in the Wake of the Pandemic

BIS Bulletin no. 47 (2021)
Number of pages: 9 Posted: 28 Oct 2021
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 258 (220,450)
Citation 2

Abstract:

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globalization, inflation, labor market, unemployment, wage

Residential Investment and Economic Activity: Evidence from the Past Five Decades

International Journal of Central Banking, vol. 16, 6, 287-329, December 2020
Number of pages: 43 Posted: 08 Feb 2021
Emanuel Kohlscheen, Aaron N. Mehrotra and Dubravko Mihaljek
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Institute of Public Finance, Zagreb
Downloads 157 (347,451)
Citation 1

Abstract:

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housing, investment, house price, monetary policy, business cycle

Residential Investment and Economic Activity: Evidence from the Past Five Decades

BIS Working Paper No. 726
Number of pages: 29 Posted: 11 Jun 2018
Emanuel Kohlscheen, Aaron N. Mehrotra and Dubravko Mihaljek
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Institute of Public Finance, Zagreb
Downloads 81 (565,265)

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housing markets, residential investment, house prices, business cycles, construction, interest rates, recession forecasts

8.

The Impact of Monetary Policy on the Exchange Rate: A High Frequency Exchange Rate Puzzle in Emerging Economies

Journal of International Money and Finance, 44, C, 69-96.
Number of pages: 46 Posted: 04 Aug 2013 Last Revised: 16 Mar 2014
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 227 (249,790)
Citation 10

Abstract:

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exchange rate, monetary policy, event study

9.

Effects of Carbon Pricing and Other Climate Policies on CO 2 Emissions

CESifo Working Paper No. 9347
Number of pages: 21 Posted: 18 Oct 2021
Emanuel Kohlscheen, Richhild Moessner and Elod Takats
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 193 (290,118)
Citation 3

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climate policies, carbon tax, carbon emission trading system, carbon dioxide, climate change, emissions, energy, environment, growth

10.

Consumption-Led Expansions

BIS Quarterly Review, March 2017
Number of pages: 13 Posted: 20 Mar 2017
Enisse Kharroubi and Emanuel Kohlscheen
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 181 (308,727)

Abstract:

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11.

Emerging Floaters: Pass-Throughs and (Some) New Commodity Currencies

Journal of International Money and Finance, Vol. 29, No. 8, 2010
Number of pages: 42 Posted: 26 Mar 2009 Last Revised: 10 Apr 2011
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 142 (376,857)

Abstract:

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floating, emerging market, pass-through, commodity, exchange rate

12.

International Liquidity Swaps: Is the Chiang Mai Initiative Efficiently Pooling Reserves?

International Journal of Finance and Economics, Vol. 13, No. 4, 2008
Number of pages: 24 Posted: 17 May 2006 Last Revised: 10 Apr 2011
Emanuel Kohlscheen and Mark P. Taylor
Bank for International Settlements (BIS) and Washington University in St. Louis - John M. Olin Business School
Downloads 142 (376,857)
Citation 1

Abstract:

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insurance, international reserves, liquidity, sovereign risk, swaps

13.

The Impact of Monetary Policy on the Exchange Rate: Puzzling Evidence from Three Emerging Economies

Banco Central do Brasil Working Paper Series 259
Number of pages: 33 Posted: 29 Mar 2012
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 136 (389,767)

Abstract:

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exchange rate, monetary policy, event study

14.
Downloads 130 (403,823)

Sovereign Risk: Constitutions Rule

Oxford Economic Papers (forthcoming)
Number of pages: 50 Posted: 11 Oct 2005 Last Revised: 28 Aug 2009
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 130 (404,955)
Citation 8

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debt, crises, parliamentary, commitment, sovereign, risk, constitutions, serial default, political institutions, confidence

Sovereign Risk: Constitutions Rule

Oxford Economic Papers, Vol. 62, No. 1, pp. 62-85, 2010
Posted: 22 Dec 2009
Emanuel Kohlscheen
Bank for International Settlements (BIS)

Abstract:

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F30, F34, H63, O16

15.

The Journal Rankings of Central Banks

Study Center Gerzensee Working Paper No. 11.05
Number of pages: 16 Posted: 22 May 2011
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 112 (451,592)

Abstract:

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central banks, citations, economic journals, rankings

16.

Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions

Banco Central do Brasil Working Paper No. 273
Number of pages: 32 Posted: 07 May 2012
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 106 (469,963)
Citation 2

Abstract:

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exchange rate, intervention, order flow

17.

What Does Machine Learning Say About the Drivers of Inflation?

BIS Working Paper 980
Number of pages: 20 Posted: 18 Nov 2021 Last Revised: 06 Feb 2022
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 104 (476,566)
Citation 1

Abstract:

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expectations; forecast; inflation; machine learning; oil price; output gap; Phillips curve

18.

Long-Run Determinants of the Brazilian Real: A Closer Look at Commodities

Forthcoming in the International Journal of Finance and Economics, 2014
Number of pages: 31 Posted: 02 Aug 2013 Last Revised: 16 Mar 2014
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 99 (492,772)
Citation 3

Abstract:

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commodities, exchange rate, Brazil, fundamentals

19.

Globalisation and the Slope of the Phillips Curve

CESifo Working Paper No. 9383
Number of pages: 10 Posted: 01 Nov 2021
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 91 (523,973)

Abstract:

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inflation, globalisation, openness, output gap, Phillips curve

Globalisation and the Decoupling of Inflation from Domestic Labour Costs

CESifo Working Paper No. 9281
Number of pages: 19 Posted: 03 Sep 2021
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 65 (641,310)
Citation 2

Abstract:

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competition, globalisation, import penetration, inflation, labour market, pass-through, wage

Globalisation and the Decoupling of Inflation from Domestic Labour Costs

CESifo Working Paper 9281. Update July 2022
Number of pages: 19 Posted: 02 Aug 2022
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 22 (964,298)

Abstract:

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Competition, globalisation, import penetration, inflation, labour market, wage

Changing Electricity Markets: Quantifying the Price Effects of Greening the Energy Matrix

USAEE Working Paper No. 22-572
Number of pages: 16 Posted: 10 Nov 2022
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 43 (779,222)

Abstract:

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carbon permit, CO2 emissions, commodities, electricity market, energy, EPEX, machine learning, natural gas, oil, wind energy

Changing Electricity Markets: Quantifying the Price Effects of Greening the Energy Matrix

CESifo Working Paper No. 9807
Number of pages: 18 Posted: 29 Jun 2022
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 38 (817,764)

Abstract:

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carbon permit, CO2 emissions, commodities, electricity market, energy, EPEX, machine learning, natural gas, oil, wind energy

22.

Pessimistic Foreign Investors and Turmoil in Emerging Markets: The Case of Brazil in 2002

Number of pages: 21 Posted: 06 Jan 2012 Last Revised: 28 Jun 2014
Sandro C. Andrade and Emanuel Kohlscheen
University of Miami - Department of Finance and Bank for International Settlements (BIS)
Downloads 81 (558,747)

Abstract:

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self-fulfilling crises, sudden stop, capital flows, elections

23.

The Transmission of Monetary Policy in EMEs in a Changing Financial Environment: A Longitudinal Analysis

BIS Working Paper No. 495
Number of pages: 31 Posted: 01 Apr 2015
Emanuel Kohlscheen and Ken Miyajima
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 77 (575,433)
Citation 1

Abstract:

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monetary policy, bank credit, emerging markets, risk premia

24.

Why are There Serial Defaulters? Quasi-Experimental Evidence from Constitutions

The Journal of Law and Economics, Vol. 50, No. 4, pp. 713-730, November 2007
Number of pages: 28 Posted: 31 Oct 2006 Last Revised: 28 Aug 2009
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 77 (575,433)

Abstract:

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25.

Changing Financial Intermediation: Implications for Monetary Policy Transmission

BIS Paper No. 83d
Number of pages: 14 Posted: 24 Nov 2015
Emanuel Kohlscheen and Phurichai Rungcharoenkitkul
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 64 (635,840)

Abstract:

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monetary policy, bank credit, emerging markets, risk premia

26.

What Have Central Banks in EMEs Learned About the International Transmission of Monetary Policy in Recent Years?

BIS Paper No. 78f
Number of pages: 16 Posted: 07 Oct 2014
Joao B. Barroso, Emanuel Kohlscheen and Eduardo J. A. Lima
Government of the Federative Republic of Brazil - Central Bank of Brazil, Bank for International Settlements (BIS) and Government of the Federative Republic of Brazil - Central Bank of Brazil
Downloads 60 (656,691)

Abstract:

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International transmission, yield curve, unconventional monetary policy, tapering, intervention, macroprudential policy

27.

Debt Bailouts and Constitutions

Number of pages: 38 Posted: 28 Aug 2006
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 58 (667,451)

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bailout, commitment, Constitution, debt, federalism, revenue sharing, soft budget constraint

28.

A Sovereign Debt Model with Trade Credit and Reserves

, Forthcoming
Number of pages: 58 Posted: 31 May 2012
Emanuel Kohlscheen and Stephen A. O'Connell
Bank for International Settlements (BIS) and Swarthmore College - Economics Department
Downloads 55 (684,167)
Citation 7

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29.

What Can Commercial Property Performance Reveal about Bank Valuations?

Journal of International Money and Finance, Forthcoming
Number of pages: 27 Posted: 02 Dec 2020 Last Revised: 22 Dec 2020
Emanuel Kohlscheen and Előd Takáts
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 51 (708,032)

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asset prices, banks, commercial property, financial stability, real estate

30.

Growth, Coal and Carbon Emissions: Economic Overheating and Climate Change

BIS Working Paper no. 937
Number of pages: 23 Posted: 23 Apr 2021
Emanuel Kohlscheen, Richhild Moessner and Előd Takáts
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 49 (720,572)

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carbon dioxide, climate change, coal, emissions, energy, environment, growth, pollution, urbanization

31.

Moving in Tandem: Bank Provisioning in Emerging Market Economies

BIS Working Paper No. 548
Number of pages: 28 Posted: 09 Mar 2016
Andrés Murcia Pabón and Emanuel Kohlscheen
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 48 (726,896)

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bank credit, provisions, delinquency, emerging market, pro-cyclicality

32.

Steady-State Growth

BIS Working Paper No. 812
Number of pages: 20 Posted: 08 Oct 2019
Emanuel Kohlscheen and Jouchi Nakajima
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 42 (767,224)

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economic growth, financial conditions, inflation, monetary policy, potential output, time-varying parameter VAR, trend growth

33.

Quantifying the Role of Interest Rates, the Dollar and Covid in Oil Prices

USAEE Working Paper No. 22-567
Number of pages: 19 Posted: 18 Oct 2022
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 36 (811,744)

Abstract:

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dollar, forecasting, machine learning, oil, risk

34.

Limiting Risk Premia in EMEs: The Role of FX Reserves

Economics Letters, Forthcoming
Number of pages: 13 Posted: 29 Aug 2020 Last Revised: 08 Sep 2020
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 33 (835,820)

Abstract:

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debt, emerging markets, fiscal policy, sovereign risk, international reserves.

35.

Income Inequality and the Depth of Economic Downturns

Economics Letters (forthcoming)
Number of pages: 16 Posted: 26 May 2021
Emanuel Kohlscheen, Marco J. Lombardi and Egon Zakrajsek
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 32 (843,996)
Citation 2

Abstract:

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consumption, income inequality, recessions, financial crises

36.

Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions

BIS Working Paper No. 426
Number of pages: 24 Posted: 27 Feb 2014
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 29 (869,583)

Abstract:

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order flow, intervention, exchange rate

37.

Higher Frequency Activity Indicators and Global Bond Portfolio Adjustments

Number of pages: 36 Posted: 18 Nov 2021
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 27 (887,478)

Abstract:

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high-frequency activity, capital flows, emerging markets, investment, portfolio adjustment, output, pro-cyclicality, spillovers

38.

Understanding the Food Component of Inflation

BIS Working Paper no. 1056.
Number of pages: 22 Posted: 22 Dec 2022
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 18 (974,813)

Abstract:

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crop, expectations, energy, food export, food prices, food import, food production, forecast, inflation, output gap, Phillips curve

39.

The Shape of Business Cycles: A Cross-country Analysis of Friedman’s Plucking Theory

BIS Working Paper 1076
Number of pages: 14 Posted: 05 Jun 2023
Emanuel Kohlscheen, Richhild Moessner and Daniel Rees
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 17 (985,028)

Abstract:

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business cycle; labour market; unemployment

40.

Globalisation and the Decoupling Of Inflation from Domestic Labour Costs

Number of pages: 19 Posted: 12 Aug 2022
Emanuel Kohlscheen and Richhild Moessner
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 15 (1,005,778)

Abstract:

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competition, globalisation, import penetration, inflation, labour market

41.

Why are There Serial Defaulters? Evidence from Constitutions

Journal of Law and Economics, Vol. 50, No. 4, 2007
Posted: 10 Apr 2011
Emanuel Kohlscheen
Bank for International Settlements (BIS)

Abstract:

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default, renegotiation, debt, Constitution, sovereign

Other Papers (1)

Total Downloads: 22
1.

Uma Nota Sobre Erros De Previsão Da Inflação De Curto Prazo

Banco Central do Brasil. Working Paper Series, No. 227
Number of pages: 30 Posted: 01 Apr 2012
Emanuel Kohlscheen
Bank for International Settlements (BIS)
Downloads 22

Abstract:

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previsão, expectativas racionais, expectativas adaptativas, rigidez de informação, racionalidade, inflação