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Details about Günter Coenen

Homepage:https://www.ecb.europa.eu/pub/research/authors/profiles/guenter-coenen.en.html
Workplace:European Central Bank, (more information at EDIRC)

Access statistics for papers by Günter Coenen.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pco326


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Working Papers

2023

  1. Macroeconomic effects of carbon transition policies: an assessment based on the ECB’s New Area-Wide Model with a disaggregated energy sector
    Working Paper Series, European Central Bank Downloads

2022

  1. Rate forward guidance in an environment of large central bank balance sheets: a Eurosystem stock-taking assessment
    Occasional Paper Series, European Central Bank Downloads View citations (1)

2021

  1. Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in Working Paper Series, European Central Bank (2020) Downloads View citations (30)
    Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration (2019) Downloads View citations (7)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2020) Downloads View citations (21)

    See also Journal Article in Journal of Money, Credit and Banking (2023)
  2. Employment and the conduct of monetary policy in the euro area
    Occasional Paper Series, European Central Bank Downloads View citations (4)
  3. Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (13)
    Also in Working Paper Series, European Central Bank (2021) Downloads View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads

    See also Journal Article in Journal of Economic Dynamics and Control (2021)
  4. The ECB’s price stability framework: past experience, and current and future challenges
    Occasional Paper Series, European Central Bank Downloads View citations (7)

2018

  1. 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
    Working Paper Series, European Central Bank Downloads View citations (114)

2017

  1. Communication of monetary policy in unconventional times
    Working Paper Series, European Central Bank Downloads View citations (110)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2017) Downloads View citations (90)

2014

  1. Marginalized predictive likelihood comparisons of linear Gaussian state-space models with applications to DSGE, DSGEVAR, and VAR models
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (2)
    See also Journal Article in Journal of Applied Econometrics (2017)

2013

  1. Predictive likelihood comparisons with DSGE and DSGE-VAR models
    Working Paper Series, European Central Bank Downloads View citations (20)
  2. Risks to price stability, the zero lower bound and forward guidance: A real-time assessment
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (11)
    Also in Working Paper Series, European Central Bank (2013) Downloads View citations (16)

    See also Journal Article in International Journal of Central Banking (2014)

2012

  1. Fiscal policy and the 'Great Recession' in the euro area
    Working Paper Series, European Central Bank Downloads View citations (119)
    Also in MPRA Paper, University Library of Munich, Germany (2011) Downloads View citations (6)

    See also Journal Article in American Economic Review (2012)
  2. Gauging the effects of fiscal stimulus packages in the Euro area
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (9)
    Also in Working Paper Series, European Central Bank (2012) Downloads View citations (18)

    See also Journal Article in Journal of Economic Dynamics and Control (2013)

2010

  1. Effects of Fiscal Stimulus in Structural Models
    IMF Working Papers, International Monetary Fund Downloads View citations (111)
    See also Journal Article in American Economic Journal: Macroeconomics (2012)
  2. Forecasting with DSGE models
    Working Paper Series, European Central Bank Downloads View citations (117)

2009

  1. Estimation of the Euro Area Output Gap Using the NAWM
    Bank of Lithuania Working Paper Series, Bank of Lithuania Downloads View citations (18)
  2. Extending the NAWM for the import content of exports
    MPRA Paper, University Library of Munich, Germany Downloads View citations (8)
  3. Extending the NAWM with a partial indexation mechanism linking wages and trend productivitiy
    MPRA Paper, University Library of Munich, Germany Downloads View citations (1)

2008

  1. Fiscal consolidation in the euro area: long-run benefits and short-run costs
    Working Paper Series, European Central Bank Downloads View citations (113)
    See also Journal Article in Economic Modelling (2008)
  2. International transmission and monetary policy cooperation
    Working Paper Series, European Central Bank Downloads View citations (39)
    See also Chapter (2007)
  3. The new area-wide model of the euro area: a micro-founded open-economy model for forecasting and policy analysis
    Working Paper Series, European Central Bank Downloads View citations (588)

2007

  1. Conditional versus unconditional forecasting with the New Area-Wide Model of the euro area
    MPRA Paper, University Library of Munich, Germany Downloads View citations (31)
  2. Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
    Working Paper Series, European Central Bank Downloads View citations (117)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)

2005

  1. Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area
    IMF Working Papers, International Monetary Fund Downloads View citations (283)
    Also in Working Paper Series, European Central Bank (2005) Downloads View citations (291)

    See also Journal Article in International Finance (2005)
  2. Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (9)
    Also in Working Paper Series, European Central Bank (2004) Downloads View citations (41)

    See also Journal Article in Journal of Monetary Economics (2007)
  3. Non-Ricardian Households and Fiscal Policy in an Estimated DSGE Model of the Euro Area
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads View citations (50)
  4. The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area
    MPRA Paper, University Library of Munich, Germany Downloads View citations (44)
    Also in Working Paper Series, European Central Bank (2005) Downloads View citations (48)

    See also Journal Article in International Journal of Central Banking (2005)

2004

  1. Exchange Rate Policy and the Zero Bound on Nominal Interest Rates
    Computing in Economics and Finance 2004, Society for Computational Economics Downloads View citations (48)
    Also in MPRA Paper, University Library of Munich, Germany (2004) Downloads View citations (50)
    Working Paper Series, European Central Bank (2004) Downloads View citations (49)

    See also Journal Article in American Economic Review (2004)
  2. Exchange-Rate Policy and the Zero Bound on Nominal Interest
    CFS Working Paper Series, Center for Financial Studies Downloads
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2004) Downloads View citations (49)

2003

  1. A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (4)
    CFS Working Paper Series, Center for Financial Studies (2003) Downloads
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) Downloads View citations (79)
    Working Paper Series, European Central Bank (2000) Downloads View citations (92)

    See also Journal Article in European Economic Review (2005)
  2. Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy
    CFS Working Paper Series, Center for Financial Studies Downloads
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2003) Downloads View citations (5)
    Working Paper Series, European Central Bank (2001) Downloads View citations (62)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) Downloads View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) Downloads View citations (10)

    See also Journal Article in European Economic Review (2005)
  3. Downward nominal wage rigidity and the long-run Philips Curve: simulation-based evidence for the euro area
    Working Paper Series, European Central Bank Downloads View citations (12)
  4. Inflation persistence and robust monetary policy design
    Working Paper Series, European Central Bank Downloads View citations (49)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
  5. Persistence, the Transmission Mechanism and Robust Monetary Policy
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (59)
    Also in Working Paper Series, European Central Bank (2003) Downloads View citations (69)

    See also Journal Article in Scottish Journal of Political Economy (2003)
  6. Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (21)
    Also in Working Paper Series, European Central Bank (2003) Downloads View citations (51)
    CFS Working Paper Series, Center for Financial Studies (2003) Downloads
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) Downloads View citations (13)

    See also Journal Article in The B.E. Journal of Macroeconomics (2004)
  7. The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (140)
    Also in Working Paper Series, European Central Bank (2003) Downloads View citations (143)
    Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (124)

    See also Journal Article in Journal of Monetary Economics (2003)
  8. The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (137)
    Also in CFS Working Paper Series, Center for Financial Studies (2003) Downloads
  9. Zero lower bound: is it a problem in the euro area?
    Working Paper Series, European Central Bank Downloads View citations (47)

2002

  1. Inflation Dynamics and International Linkages: A Model of the United States, the Euro Area and Japan
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (47)
    Also in Working Paper Series, European Central Bank (2002) Downloads View citations (49)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (18)
  2. Inflation Dynamics and Robust Monetary Policy Design:In Search of a Robust Benchmark Rule for the Euro Area
    Computing in Economics and Finance 2002, Society for Computational Economics

2001

  1. Evaluating Information Variables for Monetary Policy in a Noisy Economic Environment
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (3)

2000

  1. A SIMPLE ESTIMATED EURO AREA MODEL WITH RATIONAL EXPECTATIONS AND NOMINAL RIGIDITIES
    Computing in Economics and Finance 2000, Society for Computational Economics Downloads View citations (57)
  2. Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models
    Working Paper Series, European Central Bank Downloads View citations (16)
    See also Journal Article in Empirical Economics (2005)
  3. The Demand for M3 in the Euro Area
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society Downloads View citations (29)
    Also in Working Paper Series, European Central Bank (1999) Downloads View citations (152)

    See also Journal Article in Journal of Applied Econometrics (2001)

1998

  1. Intertemporal effects of fiscal policy in an RBC model
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads
  2. Intertemporale Effekte einer fiskalischen Konsolidierung in einem RBC-Modell
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads

Journal Articles

2023

  1. Effects of State‐Dependent Forward Guidance, Large‐Scale Asset Purchases, and Fiscal Stimulus in a Low‐Interest‐Rate Environment
    Journal of Money, Credit and Banking, 2023, 55, (4), 825-858 Downloads
    See also Working Paper (2021)

2021

  1. Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment
    Journal of Economic Dynamics and Control, 2021, 132, (C) Downloads View citations (13)
    See also Working Paper (2021)

2017

  1. Marginalized Predictive Likelihood Comparisons of Linear Gaussian State‐Space Models with Applications to DSGE, DSGE‐VAR, and VAR Models
    Journal of Applied Econometrics, 2017, 32, (1), 103-119 Downloads View citations (20)
    See also Working Paper (2014)

2016

  1. The role of the ECB’s asset purchases in preventing a potential de-anchoring of longer-term inflation expectations
    Research Bulletin, 2016, 25 Downloads View citations (11)

2014

  1. Risks to Price Stability, the Zero Lower Bound, and Forward Guidance: A Real-Time Assessment
    International Journal of Central Banking, 2014, 10, (2), 7-54 Downloads View citations (43)
    See also Working Paper (2013)

2013

  1. Gauging the effects of fiscal stimulus packages in the euro area
    Journal of Economic Dynamics and Control, 2013, 37, (2), 367-386 Downloads View citations (161)
    See also Working Paper (2012)

2012

  1. Effects of Fiscal Stimulus in Structural Models
    American Economic Journal: Macroeconomics, 2012, 4, (1), 22-68 Downloads View citations (510)
    See also Working Paper (2010)
  2. Fiscal Policy and the Great Recession in the Euro Area
    American Economic Review, 2012, 102, (3), 71-76 Downloads View citations (120)
    See also Working Paper (2012)

2010

  1. DSGE models and their use at the ECB
    SERIEs: Journal of the Spanish Economic Association, 2010, 1, (1), 51-65 Downloads View citations (41)
  2. When does fiscal stimulus work?
    Research Bulletin, 2010, 10, 6-10 Downloads View citations (7)

2008

  1. Fiscal consolidation in the euro area: Long-run benefits and short-run costs
    Economic Modelling, 2008, 25, (5), 912-932 Downloads View citations (122)
    See also Working Paper (2008)
  2. Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model
    Journal of Economic Dynamics and Control, 2008, 32, (8), 2543-2583 Downloads View citations (269)
    See also Working Paper (2007)

2007

  1. Identifying the influences of nominal and real rigidities in aggregate price-setting behavior
    Journal of Monetary Economics, 2007, 54, (8), 2439-2466 Downloads View citations (96)
    See also Working Paper (2005)
  2. Inflation persistence and robust monetary policy design
    Journal of Economic Dynamics and Control, 2007, 31, (1), 111-140 Downloads View citations (37)
    See also Working Paper (2003)

2006

  1. A real-time database for the euro area
    Research Bulletin, 2006, 5, 6-8 Downloads View citations (3)
  2. How do VAT changes affect the economy? An illustration using the new area-wide model
    Research Bulletin, 2006, 4, 2-5 Downloads View citations (4)

2005

  1. A small estimated euro area model with rational expectations and nominal rigidities
    European Economic Review, 2005, 49, (5), 1081-1104 Downloads View citations (89)
    See also Working Paper (2003)
  2. Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models
    Empirical Economics, 2005, 30, (1), 65-75 Downloads View citations (5)
    See also Working Paper (2000)
  3. Data uncertainty and the role of money as an information variable for monetary policy
    European Economic Review, 2005, 49, (4), 975-1006 Downloads View citations (107)
    See also Working Paper (2003)
  4. Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area
    International Finance, 2005, 8, (3), 435-470 Downloads View citations (295)
    See also Working Paper (2005)
  5. Tax reform and labour market performance in the Euro area: a macroeconomic assessment
    Proceedings, 2005 Downloads View citations (6)
  6. The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area
    International Journal of Central Banking, 2005, 1, (1) Downloads View citations (41)
    See also Working Paper (2005)

2004

  1. Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates
    American Economic Review, 2004, 94, (2), 80-84 Downloads View citations (48)
    See also Working Paper (2004)
  2. Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero
    The B.E. Journal of Macroeconomics, 2004, 4, (1), 1-25 Downloads View citations (138)
    See also Working Paper (2003)

2003

  1. Persistence, The Transmission Mechanism And Robust Monetary Policy
    Scottish Journal of Political Economy, 2003, 50, (5), 527-549 Downloads View citations (65)
    See also Working Paper (2003)
  2. The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan
    Journal of Monetary Economics, 2003, 50, (5), 1071-1101 Downloads View citations (140)
    See also Working Paper (2003)

2001

  1. The demand for M3 in the euro area
    Journal of Applied Econometrics, 2001, 16, (6), 727-748 Downloads View citations (196)
    See also Working Paper (2000)

Chapters

2007

  1. International Transmission and Monetary Policy Cooperation
    A chapter in International Dimensions of Monetary Policy, 2007, pp 157-192 Downloads View citations (68)
    See also Working Paper (2008)
 
Page updated 2023-06-10