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Working Papers

·     Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model, March 2008,  |Download: Working Paper   

·     Money in Monetary Policy Design: Monetary Cross-Checking in the New-Keynesian Model, Co-author: Guenther W. Beck, October 2007,  |Download: Working Paper

·          Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips-Curve versus ECB-Style Cross-Checking, Co-author: Guenther W. Beck, October 2006,  |Download: Revised Version

·           Inflation Dynamics and International Linkages: A Model of the United States, the Euro Area and Japan, Co-author: Guenter Coenen, ECB Working Paper Series 181, September 2002. | Download: ECB Working Paper 181

·          Monetary Policy Under Federal Reserve Chairman Volcker and Greenspan: An Exercise in Description, with Athanasios Orphanides and David Lindsey, Manuscript, March 1997. | Download: Working Paper

·          Exchange Restrictions in Developing Countries: Classification, Measurement and Use as a Policy Instrument, prepared for the Surveillance Policy Division of the International Monetary Fund, September 1993.

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