Persönliche Webseite
Prof. Dr. Andreas Schabert

 

CV: (pdf-file)


Recent Papers

Default risk premia on government bonds in a simple business cycle model
with Falko Juessen and Ludger Linemann

Modelling Monetary Policy
with Samuel Reynard

Fiscal rules and the irrelevance of the Taylor principle
with Ludger Linnemann
Version 05.2009, Manuscript (pdf-format)

Sovereign default and the stability of inflation targeting regimes
with Sweder van Wijnbergen
Version 08.2008, Manuscript (pdf-format)

A Comparison of Debt and Primary-Deficit Constraints
with Roel Beetsma and Marcos Poplawski Ribeiro
CEPR Discussion Papers DP6897
.

Optimal Government Spending and Unemployment
with Ludger Linnemann
Version 08.2008, Manuscript (pdf-format)


Publications

Monetary policy under a fiscal theory of sovereign default
Journal of Economic Theory, forthcoming.
Version 09.2009, Manuscript (pdf-format)

Debt Non-neutrality, Policy Interactions, and Macroeconomic Stability
with Ludger Linnemann, International Economic Review, forthcoming.
Version 09.2008  (additional appendix)

An interest rate peg might be better than you think
with Markus Hoermann, Economics Letters 105, 2009, 156-158.
Version 07.2008, Manuscript (pdf-format)

Distortionary Taxation, Debt, and the Price Level
with Leopold von Thadden, Journal of Money, Credit, and Banking 41, 2009, 159-188
ECB Working Paper No.577.

Money Supply, Macroeconomic Stability, and the Implementation of Interest Rate Targets
Journal of Macroeconomics 31, 2009, 333-344.
CEPR Discussion Paper DP5094

Federal Reserve Policy through a Money Supply Lens
with Ibrahim Chowdhury, Journal of Monetary Economics 55, 2008, 825-834.
Swiss National Bank Working Paper  No. 02/07, Version: 02.2008.

Central bank instruments, fiscal policy regimes, and the requirements for equilibrium determinacy
Review of Economic Dynamics, 9, 2006, 742-762,
Version: 08.2006, Manuscript (pdf-format).

On the Validity of the Taylor Principle in Open Economies
with Ludger Linnemann, International Finance 9, 2006, 343-367.

Can money matter for interest rate policy?
with Matthias Brückner, Journal of Economic Dynamics and Control, 30, 2006, 2823-2957, pdf-format.

Inflation dynamics and the cost channel of monetary transmission
with Ibrahim Chowdhury and Mathias Hoffmann, European Economic Review, 50, 2006, 995-1016,
Version: 12.2004, Manuscript (pdf-format).

Productive government expenditure in monetary business cycle models
with Ludger Linnemann, Scottish Journal of Political Economy, 53, 2006, 28-46,
Version: 5.2005 Manuscript (pdf-format).

Identifying monetary policy shocks with changes in open market operations
European Economic Review 49, 2005, 561-577.
Version: 6.2003
, Manuscript (pdf-format).

Interactions of monetary and fiscal policy via open market operations
The Economic Journal 114, 2004, C186-C206, pdf-format (*)

Can fiscal spending stimulate private consumption?
with Ludger Linnemann, Economics Letters 82, 2004, 173-179.

Fiscal policy in the new neoclassical synthesis
with Ludger Linnemann, Journal of Money, Credit, and Banking 35, 2003, 911-929.

Monetary policy, agency costs, and output dynamics
with Ludger Linnemann, German Economic Review 4, 2003, 341-364.

Supply-side effects of monetary policy and equilibrium multiplicity
with Matthias Brückner, Economics Letters 79, 2003, 205-211.

Open Market Shocks in a Business Cycle Model with Financial Intermediation
with Burkhard Heer, in: Hairault, J.O. and H. Kempf (eds.), 2002,
Market Imperfections and Macroeconomic Dynamics, Kluwer Academic Publishers.


Work in progress / under revision

Macroeconomic Effects of Nontraditional Monetary Policy
with Markus Hörmann

Discretionary Policy, Multiple Equilibria, and Monetary Instruments
CEPR Discussion Paper DP5400 and ECB Working Paper No. 533.

Open Market Operations, Eligible Securities, and Macroeconomic Stabilization

Debt, Deficits, and Destabilizing Monetary Policy in Open Economies
with Sweder van Wijnbergen. CEPR Discussion Paper DP5590.

Money Demand and the Macroeconomic Stability Revisited
with Christian Stoltenberg, CEPR Discussion Paper DP4974