Volker Wieland

University of Frankfurt

Professor, Chair of Monetary Theory and Policy

House of Finance

Grüneburgplatz 1

Frankfurt am Main, D-60323

Germany

http://www.volkerwieland.com

SCHOLARLY PAPERS

46

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CITATIONS
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751

Scholarly Papers (46)

New Keynesian versus Old Keynesian Government Spending Multipliers

Rock Center for Corporate Governance at Stanford University Working Paper No. 47, ECB Working Paper No. No. 1090
Number of pages: 22 Posted: 09 Mar 2009
Stanford University - The Hoover Institution on War, Revolution and Peace, Board of Governors of the Federal Reserve System, Stanford University and University of Frankfurt
Downloads 437 (64,310)
Citation 1

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fiscal multiplier, new Keynesian model, fiscal stimulus, government spending, macroeconomic modeling

New Keynesian Versus Old Keynesian Government Spending Multipliers

NBER Working Paper No. w14782
Number of pages: 22 Posted: 16 Mar 2009 Last Revised: 04 Jul 2010
Stanford University - The Hoover Institution on War, Revolution and Peace, Board of Governors of the Federal Reserve System, Stanford University and University of Frankfurt
Downloads 91 (282,228)

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New Keynesian versus Old Keynesian Government Spending Multipliers

CEPR Discussion Paper No. DP7236
Number of pages: 24 Posted: 07 Apr 2009
Stanford University - The Hoover Institution on War, Revolution and Peace, Board of Governors of the Federal Reserve System, Stanford University and University of Frankfurt
Downloads 8 (616,776)
Citation 2
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Fiscal Policy, Government Spending, Keynesian models, model uncertainty, Multiplier

2.

Interest-Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence

FEDS Working Paper No. 99-39
Number of pages: 36 Posted: 12 Dec 1999
Brian P. Sack and Volker Wieland
Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section and University of Frankfurt
Downloads 397 (72,918)
Citation 13

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Monetary Policy and Uncertainty About the Natural Unemployment Rate

CFS Working Paper No. 2003/05
Number of pages: 45 Posted: 11 Jun 2003
Volker Wieland
University of Frankfurt
Downloads 342 (86,037)
Citation 11

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monetary policy, inflation targeting, parameter uncertainty, optimal learning, natural unemployment rate

Monetary Policy and Uncertainty About the Natural Unemployment Rate

CEPR Discussion Paper No. 3811
Number of pages: 46 Posted: 29 Apr 2003
Volker Wieland
University of Frankfurt
Downloads 20 (536,638)
Citation 2
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Monetary policy, inflation targeting, parameter uncertainty, optimal learning, natural unemployment rate

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 181 (165,267)

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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 (511,278)
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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 171 (173,911)

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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 (517,392)
Citation 3
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Inflation targeting, price stability, monetary policy rules, liquidity trap

Keynesian Government Spending Multipliers and Spillovers in the Euro Area

ECB Working Paper No. 1267
Number of pages: 55 Posted: 16 Nov 2010
Tobias J. Cwik and Volker Wieland
Board of Governors of the Federal Reserve System and University of Frankfurt
Downloads 181 (165,267)

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Fiscal Policy, Government Spending Multipliers, Model Uncertainty, New-Keynesian Models

Keynesian Government Spending Multipliers and Spillovers in the Euro Area

CEPR Discussion Paper No. DP7389
Number of pages: 30 Posted: 08 Sep 2009
Tobias J. Cwik and Volker Wieland
Board of Governors of the Federal Reserve System and University of Frankfurt
Downloads 3 (654,731)
Citation 2
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crowding-out, fiscal policy, fiscal stimulus, government spending multipliers, New-Keynesian models

Keynesian Government Spending Multipliers and Spillovers in the Euro Area

Economic Policy, Vol. 26, Issue 67, pp. 493-549, 2011
Number of pages: 57 Posted: 20 Jul 2011
Tobias J. Cwik and Volker Wieland
Board of Governors of the Federal Reserve System and University of Frankfurt
Downloads 2 (665,901)
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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 (173,823)

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

Robustness of Simple Monetary Policy Rules Under Model Uncertainty

Federal Reserve Board FEDS Paper No. 98-45
Number of pages: 55 Posted: 08 Apr 1999
Andrew T. Levin, Volker Wieland and John C. Williams
affiliation not provided to SSRN, University of Frankfurt and Federal Reserve Bank of New York
Downloads 134 (213,479)
Citation 28

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Robustness of Simple Monetary Policy Rules Under Model Uncertainty

NBER Working Paper No. w6570
Number of pages: 49 Posted: 12 Jul 2000
Andrew T. Levin, Volker Wieland and John C. Williams
affiliation not provided to SSRN, University of Frankfurt and Federal Reserve Bank of New York
Downloads 36 (448,128)

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9.

Monetary Policy, Parameter Uncertainty and Optimal Learning

Federal Reserve Board FEDS Working Paper No. 99-48
Number of pages: 43 Posted: 07 Nov 1999
Volker Wieland
University of Frankfurt
Downloads 151 (193,230)
Citation 4

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10.

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 (218,014)

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

11.

NAIRU Uncertainty and Nonlinear Policy Rules

FEDS Discussion Paper No. 01-01
Number of pages: 15 Posted: 17 Jan 2001
Laurence H. Meyer, Eric T. Swanson and Volker Wieland
Government of the United States of America - Division of Research and Statistics, University of California, Irvine - Department of Economics and University of Frankfurt
Downloads 125 (224,616)
Citation 4

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Simple nonlinear policy rule, signal extraction with non-normal prior, nonlinear updating

12.

Inflation Zone Targeting

ECB Working Paper No. 8
Number of pages: 59 Posted: 02 Dec 2002
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 119 (233,068)
Citation 1

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Inflation Targeting, Price Stability, Optimal Monetary Policy

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 (286,329)

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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 (536,638)
Citation 2
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Euro area, Kalman filter, macroeconomic modelling, measurement error, monetary policy rules, rational expectations

14.

The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty

FEDS Working Paper No. 2001-39; ECB Working Paper No. 68
Number of pages: 56 Posted: 04 Nov 2001
John C. Williams, Andrew T. Levin and Volker Wieland
Federal Reserve Bank of New York, affiliation not provided to SSRN and University of Frankfurt
Downloads 100 (263,458)
Citation 6

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Inflation forecast targeting, optimal monetary policy, multiple equilibria

Money in Monetary Policy Design Under Uncertainty: The Two-Pillar Phillips Curve Versus Ecb-Style Cross-Checking

Number of pages: 14 Posted: 05 Jan 2007
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 89 (286,329)
Citation 5

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monetary policy, quantity theory, Phillips curve, European Central Bank

Money in Monetary Policy Design Under Uncertainty: The Two-Pillar Phillips Curve Versus ECB-Style Cross-Checking

CEPR Discussion Paper No. DP6098
Number of pages: 17 Posted: 14 May 2008
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 4 (645,881)
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European Central Bank, monetary policy, monetary policy under uncertainty, money, Phillips curve, quantity theory

16.

A Quantitative Exploration of the Opportunistic Approach to Disinflation

Board of Governors of the Federal Reserve System Finance and Econ. Disc. Series 97-36
Number of pages: 42 Posted: 10 Feb 1998
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, University of Frankfurt and Federal Reserve Board - Division of Research and Statistics
Downloads 90 (282,008)
Citation 14

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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 (353,475)

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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 (536,638)
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European Monetary Union, Euro area, nominal rigidities, inflation persistence, staggered contracts, macroeconomic models

Insurance Policies for Monetary Policy in the Euro Area

ECB Working Paper No. 480, CFS Working Paper No. 2005/13
Number of pages: 57 Posted: 06 May 2005
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 42 (422,607)

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Model uncertainty, robustness, monetary policy rules, minimax, euro area

Insurance Policies for Monetary Policy in the Euro Area

FRB of Philadelphia Working Paper No. 08-29
Number of pages: 48 Posted: 05 Feb 2009
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 20 (536,638)

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model uncertainty, robustness, monetary policy rules, minimax, euro area

Insurance Policies for Monetary Policy in the Euro Area

CEPR Discussion Paper No. 4956
Number of pages: 53 Posted: 27 Jul 2005
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 14 (575,755)
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Model uncertainty, robustness, monetary policy rules, minimax, Euro area

Central Bank Misperceptions and the Role of Money in Interest Rate Rules

ECB Working Paper No. 967
Number of pages: 53 Posted: 20 Nov 2008
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 45 (410,872)

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Taylor rules, money, quantity theory, output gap uncertainty, monetary policy under uncertainty

Central Bank Misperceptions and the Role of Money in Interest Rate Rules

National Bank of Belgium Working Paper No. 147
Number of pages: 52 Posted: 01 Oct 2010
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 21 (530,282)
Citation 56

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monetary policy under uncertainty, money, output gap uncertainty, quantity theory and Taylor rules

Central Bank Misperceptions and the Role of Money in Interest Rate Rules

CEPR Discussion Paper No. DP6947
Number of pages: 48 Posted: 02 Dec 2008
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 3 (654,731)
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monetary policy under uncertainty, money, output gap uncertainty, quantity theory, Taylor rules

Central Bank Misperceptions and the Role of Money in Interest Rate Rules

CFS Working Paper No. 2008/25
Posted: 02 Sep 2008
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt

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Taylor Rules, Money, Quantity Theory, Output Gap Uncertainty, Monetary Policy Under Uncertainty

Money in Monetary Policy Design: Monetary Cross-Checking in the New-Keynesian Model

ECB Working Paper No. 1191
Number of pages: 33 Posted: 26 May 2010
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 49 (396,069)

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monetary policy, New-Keynesian model, money, quantity theory, European Central Bank, policy under uncertainty

Money in Monetary Policy Design: Monetary Cross-Checking in the New-Keynesian Model

CEPR Discussion Paper No. DP7518
Number of pages: 29 Posted: 17 Nov 2009
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 5 (638,250)
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European Central Bank, monetary policy, money, New-Keynesian model, policy under uncertainty, quantity theory

21.

Quantitative Easing: A Rationale and Some Evidence from Japan

NBER Working Paper No. w15565
Number of pages: 17 Posted: 08 Dec 2009 Last Revised: 05 Aug 2010
Volker Wieland
University of Frankfurt
Downloads 50 (385,960)

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22.

Surprising Comparative Properties of Monetary Models: Results from a New Model Database

ECB Working Paper No. 1261
Number of pages: 66 Posted: 11 Nov 2010
John B. Taylor and Volker Wieland
Stanford University and University of Frankfurt
Downloads 45 (403,300)
Citation 2

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monetary policy rules, New-Keynesian models, model uncertainty, robustness, monetary policy transmission

23.

Dismantling the Boundaries of the ECB's Monetary Policy Mandate

Kronberger Kreis Studies No. 61
Number of pages: 22 Posted: 25 Apr 2016
Walter Eucken Institute, ifo Institute – Leibniz Institute for Economic Research at the University of Munich, Heinrich Heine University Dusseldorf - Department of Economics, Humboldt University of Berlin - Faculty of Law, University of Frankfurt and Karlsruhe Institute of Technology
Downloads 42 (414,260)

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German Federal Constitutional Court; European Court of Justice; CJEU; Outright Monetary Transactions; OMT; European Monetary Union; EMU; European Central Bank; ECB; prohibition of monetary financing of Member States; ultra vires control; cooperative relationship; judicial review

Surprising Comparative Properties of Monetary Models: Results from a New Data Base

NBER Working Paper No. w14849
Number of pages: 41 Posted: 07 Apr 2009 Last Revised: 30 Jul 2010
John B. Taylor and Volker Wieland
Stanford University and University of Frankfurt
Downloads 26 (499,083)

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Surprising Comparative Properties of Monetary Models: Results from a New Data Base

CEPR Discussion Paper No. DP7294
Number of pages: 43 Posted: 15 Jul 2009
John B. Taylor and Volker Wieland
Stanford University and University of Frankfurt
Downloads 3 (654,731)
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Macroeconomic models, Model comparison, Monetary policy rules, Monetary policy shocks, Optimal policy, Robustness and model uncertainty

Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design

CEPR Discussion Paper No. 5019
Number of pages: 29 Posted: 24 Aug 2005
Stan Zakovic, Berc Rustem and Volker Wieland
Imperial College London - Accounting, Finance, and Macroeconomics, Imperial College London - Department of Computing and University of Frankfurt
Downloads 20 (536,638)
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Worst-case analysis, robust control, minimax, monetary policy rules, Euro area

Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design

CFS Working Paper No. 2005/14
Posted: 06 May 2005
Berc Rustem, Volker Wieland and Stan Zakovic
Imperial College London - Department of Computing, University of Frankfurt and Imperial College London - Accounting, Finance, and Macroeconomics

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Worst-case analysis, robust control, minimax, monetary policy rules, euro area

A Quantitative Exploration of the Opportunistic Approach to Disinflation

CEPR Discussion Paper No. 4073
Number of pages: 29 Posted: 20 Nov 2003
Birkbeck University of London, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, Federal Reserve Board - Division of Research and Statistics and University of Frankfurt
Downloads 17 (556,042)
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Inflation targeting, monetary policy, interest rates, policy rules, disinflation

A Quantitative Exploration of the Opportunistic Approach to Disinflation

CFS Working Paper 2005/19
Posted: 30 Aug 2005
Birkbeck University of London, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, University of Frankfurt and Federal Reserve Board - Division of Research and Statistics

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Inflation targeting, monetary policy, interest rates, policy rules, disinflation

27.

Money in Monetary Policy Design Under Uncertainty: The Two-Pillar Phillips Curve Versus Ecb-Style Cross-Checking

Bundesbank Series 1 Discussion Paper No. 2007,20
Number of pages: 36 Posted: 08 Jun 2016
Günter Beck and Volker Wieland
affiliation not provided to SSRN and University of Frankfurt
Downloads 10 (578,557)

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monetary policy, quantity theory, Phillips curve, European Central Bank, policy under uncertainty

28.

Fiscal Stimulus and the Promise of Future Spending Cuts

CEPR Discussion Paper No. DP7615
Number of pages: 17 Posted: 11 Jan 2010
Volker Wieland
University of Frankfurt
Downloads 6 (604,156)
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discretionary fiscal policy, fiscal multiplier, fiscal stimulus, government spending, macroeconomic modeling, New Keynesian Model

Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model

CEPR Discussion Paper No. DP6749
Number of pages: 35 Posted: 10 Jun 2008
Volker Wieland
University of Frankfurt
Downloads 5 (638,250)
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disinflation, indexation, inflation targeting, learning, monetary policy, New-Keynesian model, recursive least squares

Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model

CFS Working Paper No. 2008/17
Posted: 03 Jun 2008
Volker Wieland
University of Frankfurt

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Learning, Monetary Policy, New-Keynesian Model, Indexation, Inflation Targeting, Disinflation, Recursive Least Squares

30.

Complexity and Monetary Policy

CEPR Discussion Paper No. DP9107
Number of pages: 44 Posted: 28 Sep 2012
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 4 (617,692)
Citation 1
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complexity, ECB, Financial crisis, model uncertainty, monetary policy, robust simple rules

31.

Asset Pricing Under Rational Learning About Rare Disasters

CEPR Discussion Paper No. DP8514
Number of pages: 55 Posted: 12 Aug 2011
Christos Koulovatianos and Volker Wieland
University of Nottingham and University of Frankfurt
Downloads 4 (617,692)
Citation 1
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adaptive learning, asset pricing, Bayesian learning, beliefs, controlled diffusions and jump processes, learning about jumps, rational learning

Economic Projections and Rules-of-Thumb for Monetary Policy

CEPR Discussion Paper No. DP6748
Number of pages: 34 Posted: 10 Jun 2008
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 4 (645,881)
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FOMC, forecasts, monetary policy, policy rules

Economic Projections and Rules-of-Thumb for Monetary Policy

CFS Working Paper No. 2008/16
Posted: 03 Jun 2008
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt

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Monetary Policy, Forecasts, FOMC, Policy Rules

33.

Fiscal Consolidation Strategy

CEPR Discussion Paper No. DP9041
Number of pages: 35 Posted: 28 Sep 2012
Stanford University - The Hoover Institution on War, Revolution and Peace, Stanford University, University of Frankfurt and Kiel Institute for the World Economy - IFW
Downloads 3 (625,684)
Citation 1
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budget deficit, fiscal consolidation strategy, fiscal policy, government debt, U.S. budget

The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy

CEPR Discussion Paper No. DP7870
Number of pages: 52 Posted: 19 Jul 2010
Volker Wieland and Maik H. Wolters
University of Frankfurt and Kiel Institute for the World Economy - IFW
Downloads 3 (654,731)
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Bayesian estimation, business cycles, forecast distribution, forecasting, heterogeneous beliefs, model uncertainty

The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy

CFS Working Paper, No. 04, 2010
Posted: 20 Jun 2010
Volker Wieland and Maik H. Wolters
University of Frankfurt and Kiel Institute for the World Economy - IFW

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Forecasting, Business Cycles, Heterogeneous Beliefs, Forecast Distribution, Model Uncertainty, Bayesian Estimation

35.

Money in Monetary Policy Design: A Formal Characterization of ECB-Style Cross-Checking

CEPR Discussion Paper No. DP6097
Number of pages: 12 Posted: 14 May 2008
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt
Downloads 3 (625,684)
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European Central Bank, monetary policy, monetary policy under uncertainty, money, quantity theory

36.

On the Macroeconomic and Fiscal Effects of the Tax Cuts and Jobs Act

CEPR Discussion Paper No. DP13629
Number of pages: 48 Posted: 01 Apr 2019
Philipp Lieberknecht and Volker Wieland
Deutsche Bundesbank and University of Frankfurt
Downloads 1 (648,213)
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fiscal policy transmission, macroconomic modeling, Tax Cuts, tax reform, TJCA

37.

Instability, Imprecision and Inconsistent Use of Equilibrium Real Interest Rate Estimates

CEPR Discussion Paper No. DP11927
Number of pages: 29 Posted: 27 Mar 2017
Robert Beyer and Volker Wieland
World Bank - South Asia Chief Economist Office and University of Frankfurt
Downloads 1 (648,213)
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equlibrium real interest rate, estimation, monetary policy

38.

New Methods for Macro-Financial Model Comparison and Policy Analysis

CEPR Discussion Paper No. DP11461
Number of pages: 83 Posted: 30 Aug 2016
University of Frankfurt, Board of Governors of the Federal Reserve System, Goethe University Frankfurt and Goethe University Frankfurt - Institute for Monetary and Financial Stability (IMFS)
Downloads 1 (648,213)
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Macro-Finance, macroeconomic models, model comparison, Monetary policy, policy robustness

A New Comparative Approach to Macroeconomic Modeling and Policy Analysis

CEPR Discussion Paper No. DP8814
Number of pages: 101 Posted: 01 Mar 2012
University of Frankfurt, Board of Governors of the Federal Reserve System, University of Tuebingen - Department of Economics, Goethe University Frankfurt and Kiel Institute for the World Economy - IFW
Downloads 1 (680,350)
Citation 1
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fiscal policy, Macroeconomic models, model comparison, model uncertainty, monetary policy, policy rules, robustness

A New Comparative Approach to Macroeconomic Modeling and Policy Analysis

Posted: 10 Feb 2012
University of Frankfurt, Board of Governors of the Federal Reserve System, University of Tuebingen - Department of Economics, Goethe University Frankfurt and Kiel Institute for the World Economy - IFW

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macroeconomic models, model uncertainty, policy rules, robustness, monetary policy, fiscal policy, model comparison

40.

Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions

CEPR Discussion Paper No. DP12013
Number of pages: 66 Posted: 02 May 2017
Goethe University Frankfurt, Deutsche Bundesbank, Goethe University Frankfurt and University of Frankfurt
Downloads 0 (666,167)
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Financial Frictions, fiscal policy transmission, Forecasting, macroprudential policy transmission, model comparison, Model uncertainty, monetary policy transmission, New Keynesian DSGE, robust monetary policy

41.

Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations

CEPR Discussion Paper No. DP11264
Number of pages: 22 Posted: 16 May 2016
John B. Taylor and Volker Wieland
Stanford University and University of Frankfurt
Downloads 0 (666,167)
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equilibrium real interest rate, interest rate rules, Monetary policy

42.

Forward Guidance and "Lower for Longer": The Case of the ECB

CEPR Discussion Paper No. DP11117
Number of pages: 30 Posted: 17 Feb 2016
Volker Wieland and Tilman Bletzinger
University of Frankfurt and Goethe University Frankfurt
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European Central Bank, forward guidance, interest rates, Monetary policy, zero bound

43.

Money in Monetary Policy Design Under Uncertainty: A Formal Characterization of ECB-Style Cross-Checking

CFS Working Paper No. 2007/18
Posted: 02 Apr 2007
Guenter W. Beck and Volker Wieland
Goethe University Frankfurt and University of Frankfurt

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Monetary Policy, Money, Quantity Theory, Phillips Curve, European Central Bank, Policy Under Uncertainty

44.

Mean Variance Optimization of Non-Linear Systems and Worst-Case Analysis

CFS Working Paper No. 2006/03
Posted: 07 Jun 2006
Imperial College London, Imperial College London - Department of Computing, University of Frankfurt and Imperial College London - Accounting, Finance, and Macroeconomics

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45.

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

46.

Learning by Doing and the Value of Experimentation

Board of Governors of the Federal Reserve System Finance and Economics Discussion Series Paper No. 96-5
Posted: 06 May 1998
Volker Wieland
University of Frankfurt

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