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Statements

The ECB has sent a strong signal that it takes its mandate seriously

DIW president Marcel Fratzscher comments today's announcements by the ECB as follows: 

Statements

Mario Draghi will be remembered as a great European

DIW president Marcel Fratzscher comments today's announcements by the ECB as follows: 

DIW Roundup 128 / 2019

Measuring the Effect of Foreign Exchange Intervention Policies on Exchange Rates

Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric estimates of precise effects differ across studies. The ...

Research Project

The Impact of Monetary Policy on Structural Reforms in the Euro Area

The aim of this project is to estimate the impact of monetary policy on structural reforms in the euro area. We first identify exogenous ECB policy changes through an event study that extracts the unexpected variation in euro area interest rates on ...

Diskussionspapiere 1792 / 2019

Exchange Rates, Foreign Currency Exposure and Sovereign Risk

We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) using data from 10/2004 through 12/2016. We apply a novel data ...

Statements

ECB monetary policy will for some time remain more expansionary than most in Germany expect

DIW president Marcel Fratzscher on the European Central Bank's latest announcements:

Schumpeter BSE Macro Seminar

On the Negatives of Negative Interest Rates and the Positives of Exemption Thresholds

This research seminar is jointly organized with the Collaborative Research Center TRR 190 „Rationality and Competition“

Schumpeter BSE Macro Seminar

The Big Bang: Stock Market Capitalization in the Long Run (with Kaspar Zimmermann)

Schumpeter BSE Macro Seminar

Monetary Policy and Corporate Debt Structure (co-authored with S. Lhuissier)

Schumpeter BSE Macro Seminar

Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth