Policy Article

The monetary order (original publication in German)

In: Rüther, G. (Hrsg.), Ökologische und soziale Marktwirtschaft. Bonn, 1997: 140–159

Mewael Tesfaselassie

Wolfgang Lechthaler , Mewael Tesfaselassie

We analyze the implications of trend growth for optimal monetary policy in the presence of search and matching unemployment. We show...

Journal Article

International Journal of Central Banking

forthcoming

Nils Jannsen , Galina Potjagailo , Maik Wolters

The effects of monetary policy during financial crises differ substantially from those in normal times. Using a panel VAR for 20...

Journal Article

Journal of Monetary Economics

forthcoming

Dominik Groll , Tommaso Monacelli

If the monetary authority lacks commitment, a monetary union can dominate flexible exchange rates. With forward-looking staggered...

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