Details about Sebastian Schmidt
Access statistics for papers by Sebastian Schmidt.
Last updated 2023-10-09. Update your information in the RePEc Author Service.
Short-id: psc448
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Working Papers
2024
- Monetary-fiscal policy interactions when price stability occasionally takes a back seat
Working Paper Series, European Central Bank 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
2023
- Passive monetary policy and active fiscal policy in a monetary union
Working Paper Series, European Central Bank
2022
- Fiscal Backing for Price Stability in a Monetary Union
CEPR Discussion Papers, C.E.P.R. Discussion Papers
2021
- Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2021) View citations (21)
Working Paper Series, European Central Bank (2021) View citations (27)
See also Journal Article Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment, Journal of Economic Dynamics and Control, Elsevier (2021) View citations (21) (2021)
- Monetary-fiscal policy interactions in the euro area
Occasional Paper Series, European Central Bank View citations (6)
- The ECB’s price stability framework: past experience, and current and future challenges
Occasional Paper Series, European Central Bank View citations (18)
- The Exchange Rate Insulation Puzzle
ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (10)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (10)
Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2021) View citations (11)
Working Paper Series, European Central Bank (2021) View citations (10)
2020
- Average Inflation Targeting and the Interest Rate Lower Bound
CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo View citations (31)
Also in Working Paper Series, European Central Bank (2020) View citations (30)
BIS Working Papers, Bank for International Settlements (2020) View citations (31)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (32)
See also Journal Article Average inflation targeting and the interest rate lower bound, European Economic Review, Elsevier (2023) View citations (8) (2023)
- Expectations-driven liquidity traps: Implications for monetary and fiscal policy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2019) View citations (3)
Working Paper Series, European Central Bank (2019) View citations (5)
See also Journal Article Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy, American Economic Journal: Macroeconomics, American Economic Association (2022) View citations (8) (2022)
- Speed Limit Policy and Liquidity Traps
CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo
Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2018) View citations (6)
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018) View citations (1)
Working Paper Series, European Central Bank (2018) View citations (6)
2019
- Attenuating the forward guidance puzzle: implications for optimal monetary policy
Working Paper Series, European Central Bank View citations (31)
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018) View citations (2)
See also Journal Article Attenuating the forward guidance puzzle: Implications for optimal monetary policy, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (28) (2019)
- Effective Lower Bound Risk
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (25)
See also Journal Article Effective lower bound risk, European Economic Review, Elsevier (2019) View citations (30) (2019)
2018
- Online Appendix to "Gradualism and Liquidity Traps"
Online Appendices, Review of Economic Dynamics
See also Journal Article Gradualism and Liquidity Traps, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (19) (2019)
- 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 View citations (155)
- Time-consistent monetary policy, terms of trade manipulation and welfare in open economies
Working Paper Series, European Central Bank
2017
- Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
2016
- Gradualism and Liquidity Traps
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (12)
Also in Working Paper Series, European Central Bank (2016) View citations (9)
VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association (2016) View citations (9)
See also Journal Article Gradualism and Liquidity Traps, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (19) (2019)
- Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union
Working Paper Series, European Central Bank View citations (17)
See also Journal Article Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union, European Journal of Political Economy, Elsevier (2019) View citations (20) (2019)
- The Risk of Returning to the Effective Lower Bound: An Implication for Inflation Dynamics After Lift-Off
FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
- The Risk-Adjusted Monetary Policy Rule
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (10)
Also in Working Paper Series, European Central Bank (2016) View citations (13)
- The Risky Steady State and the Interest Rate Lower Bound
2016 Meeting Papers, Society for Economic Dynamics View citations (64)
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016) View citations (16)
Working Paper Series, European Central Bank (2016) View citations (69)
2015
- Comparing fiscal multipliers across models and countries in Europe
Working Paper Research, National Bank of Belgium View citations (40)
Also in Working Paper Series, European Central Bank (2015) View citations (38)
- Conservatism and Liquidity Traps
Working Papers, Tokyo Center for Economic Research View citations (6)
Also in UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2015) View citations (30)
Working Paper Series, European Central Bank (2015) View citations (6)
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (10)
See also Journal Article Conservatism and liquidity traps, Journal of Monetary Economics, Elsevier (2019) View citations (37) (2019)
- Lack of confidence, the zero lower bound, and the virtue of fiscal rules
Working Paper Series, European Central Bank
See also Journal Article Lack of confidence, the zero lower bound, and the virtue of fiscal rules, Journal of Economic Dynamics and Control, Elsevier (2016) View citations (18) (2016)
2014
- Dealing with a Liquidity Trap when Government Debt Matters: Optimal Time-Consistent Monetary and Fiscal Policy
VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy, Verein für Socialpolitik / German Economic Association View citations (33)
Also in Working Paper Series, European Central Bank (2013) View citations (4)
IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2013) View citations (16)
See also Journal Article Dealing with a liquidity trap when government debt matters: Optimal time-consistent monetary and fiscal policy, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (34) (2014)
- Fiscal activism and the zero nominal interest rate bound
Working Paper Series, European Central Bank View citations (3)
See also Journal Article Fiscal Activism and the Zero Nominal Interest Rate Bound, Journal of Money, Credit and Banking, Blackwell Publishing (2017) View citations (5) (2017)
2012
- A New Comparative Approach to Macroeconomic Modeling and Policy Analysis
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (163)
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (126)
IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (128)
See also Journal Article A new comparative approach to macroeconomic modeling and policy analysis, Journal of Economic Behavior & Organization, Elsevier (2012) View citations (121) (2012)
- Optimal monetary and fiscal policy with a zero bound on nominal interest rates
IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (19)
See also Journal Article Optimal Monetary and Fiscal Policy with a Zero Bound on Nominal Interest Rates, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (76) (2013)
- The new keynesian approach to dynamic general equilibrium modeling: Models, methods, and macroeconomic policy evaluation
IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (3)
See also Chapter The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation, Handbook of Computable General Equilibrium Modeling, Elsevier (2013) View citations (7) (2013)
Journal Articles
2023
- Average inflation targeting and the interest rate lower bound
European Economic Review, 2023, 152, (C) View citations (8)
See also Working Paper Average Inflation Targeting and the Interest Rate Lower Bound, CARF F-Series (2020) View citations (31) (2020)
2022
- Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy
American Economic Journal: Macroeconomics, 2022, 14, (4), 68-103 View citations (8)
See also Working Paper Expectations-driven liquidity traps: Implications for monetary and fiscal policy, CEPR Discussion Papers (2020) View citations (7) (2020)
2021
- Avoiding a self-fulfilling low-inflation trap
Research Bulletin, 2021, 85
- Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment
Journal of Economic Dynamics and Control, 2021, 132, (C) View citations (21)
See also Working Paper Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment, CEPR Discussion Papers (2021) (2021)
2019
- Attenuating the forward guidance puzzle: Implications for optimal monetary policy
Journal of Economic Dynamics and Control, 2019, 105, (C), 90-106 View citations (28)
See also Working Paper Attenuating the forward guidance puzzle: implications for optimal monetary policy, Working Paper Series (2019) View citations (31) (2019)
- Comparing Fiscal Consolidation Multipliers across Models in Europe
International Journal of Central Banking, 2019, 15, (3), 285-320 View citations (19)
- Conservatism and liquidity traps
Journal of Monetary Economics, 2019, 104, (C), 37-47 View citations (37)
See also Working Paper Conservatism and Liquidity Traps, Working Papers (2015) View citations (6) (2015)
- Effective lower bound risk
European Economic Review, 2019, 120, (C) View citations (30)
See also Working Paper Effective Lower Bound Risk, Finance and Economics Discussion Series (2019) View citations (25) (2019)
- Gradualism and Liquidity Traps
Review of Economic Dynamics, 2019, 31, 182-199 View citations (19)
See also Working Paper Online Appendix to "Gradualism and Liquidity Traps", Online Appendices (2018) (2018)
Working Paper Gradualism and Liquidity Traps, Finance and Economics Discussion Series (2016) View citations (12) (2016)
Software Item Code and data files for "Gradualism and Liquidity Traps", Computer Codes (2018) (2018)
- Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union
European Journal of Political Economy, 2019, 57, (C), 22-33 View citations (20)
See also Working Paper Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union, Working Paper Series (2016) View citations (17) (2016)
2018
- The effective lower bound and the desirability of gradual interest rate adjustments
Research Bulletin, 2018, 45
2017
- Fiscal Activism and the Zero Nominal Interest Rate Bound
Journal of Money, Credit and Banking, 2017, 49, (4), 695-732 View citations (5)
See also Working Paper Fiscal activism and the zero nominal interest rate bound, Working Paper Series (2014) View citations (3) (2014)
2016
- Lack of confidence, the zero lower bound, and the virtue of fiscal rules
Journal of Economic Dynamics and Control, 2016, 70, (C), 36-53 View citations (18)
See also Working Paper Lack of confidence, the zero lower bound, and the virtue of fiscal rules, Working Paper Series (2015) (2015)
- The effective lower bound: some implications for inflation dynamics beyond the current low interest rate environment
Research Bulletin, 2016, 29 View citations (6)
- The role of the ECB’s asset purchases in preventing a potential de-anchoring of longer-term inflation expectations
Research Bulletin, 2016, 25 View citations (11)
2014
- Dealing with a liquidity trap when government debt matters
Research Bulletin, 2014, 21, 8-11 View citations (32)
- Dealing with a liquidity trap when government debt matters: Optimal time-consistent monetary and fiscal policy
Journal of Economic Dynamics and Control, 2014, 47, (C), 282-299 View citations (34)
See also Working Paper Dealing with a Liquidity Trap when Government Debt Matters: Optimal Time-Consistent Monetary and Fiscal Policy, VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy (2014) View citations (33) (2014)
2013
- Optimal Monetary and Fiscal Policy with a Zero Bound on Nominal Interest Rates
Journal of Money, Credit and Banking, 2013, 45, (7), 1335-1350 View citations (76)
Also in Journal of Money, Credit and Banking, 2013, 45, (7), 1335-1350 (2013) View citations (15)
See also Working Paper Optimal monetary and fiscal policy with a zero bound on nominal interest rates, IMFS Working Paper Series (2012) View citations (19) (2012)
2012
- A new comparative approach to macroeconomic modeling and policy analysis
Journal of Economic Behavior & Organization, 2012, 83, (3), 523-541 View citations (121)
See also Working Paper A New Comparative Approach to Macroeconomic Modeling and Policy Analysis, CEPR Discussion Papers (2012) View citations (163) (2012)
2011
- The Cost Channel, Indeterminacy, and Price-Level versus Inflation Stabilization
The B.E. Journal of Macroeconomics, 2011, 11, (1), 17 View citations (2)
Chapters
2013
- The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
Elsevier View citations (7)
See also Working Paper The new keynesian approach to dynamic general equilibrium modeling: Models, methods, and macroeconomic policy evaluation, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (3) (2012)
Software Items
2018
- Code and data files for "Gradualism and Liquidity Traps"
Computer Codes, Review of Economic Dynamics
See also Journal Article Gradualism and Liquidity Traps, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (19) (2019)
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