Günter Coenen
Economics
- Division
- Current Position
-
Senior Adviser
- Fields of interest
-
Macroeconomics and Monetary Economics,Mathematical and Quantitative Methods
- Education
- 1992-1996
Doctorate in Economics, University of Kiel, Germany
- 1988-1992
Diploma in Economics, University of Kiel, Germany
- 1986-1988
Pre-Diploma in Economics, University of Cologne, Germany
- Professional experience
- 2017-2020
Head of Division - Forecasting and Policy Modelling Division, Directorate General Economics, European Central Bank
- 2005-2020
Member - Forecast Steering Committee, European Central Bank
- 2016-2017
Senior Adviser - Directorate General Research, European Central Bank
- 2011-2017
Member - Monetary Policy Committee, European System of Central Banks
- 2008-2017
Chair - Working Group on Econometric Modelling, European System of Central Banks
- 2011-2016
Head of Division - Monetary Policy Research Division, Directorate General Research, European Central Bank
- 2013
Research Visitor - Board of Governors of the Federal Reserve System
- 2005-2011
Head of Division - Econometric Modelling Division, Directorate General Research, European Central Bank
- 2004-2005
Deputy Head of Division - Monetary Policy Research Division, Directorate General Research, European Central Bank
- 2003-2004
Principal - Monetary Policy Research Unit, General Economic Research Division, Directorate General Research, European Central Bank
- 1998-2003
Economist/Senior Economist - Monetary Policy Research Unit, General Economic Research Division, Directorate General Research, European Central Bank
- 1996-1998
Economist - Econometric Modelling Division, Economics Department, Deutsche Bundesbank, Frankfurt, Germany
- Awards
- 1996
Erich Schneider prize of the Institute of Theoretical Economics, University of Kiel, Germany (for the doctoral thesis)
- 3 January 2020
- 19 November 2018
- 21 June 2017
- 25 July 2016
- 26 August 2013
- 23 April 2013
- 5 October 2012
- 26 March 2012
- 5 May 2010
- 13 October 2008
- 14 May 2008
- 31 January 2008
- 24 April 2007
- 22 August 2005
- 27 April 2005
- 30 November 2004
- 28 April 2004
- 19 November 2003
- 1 September 2003
- 1 September 2003
- 1 August 2003
- 1 May 2003
- 1 March 2003
- 1 September 2002
- 1 November 2001
- 1 September 2000
- 1 January 2000
- 1 September 1999
- 2017
- Journal of Applied EconometricsMarginalized predictive likelihood comparisons of linear Gaussian state-space models with applications to DSGE, DSGE-VAR, and VAR models
- 2014
- International Journal of Central BankingRisks to price stability, the zero lower bound and forward guidance: A real-time assessment
- 2013
- Journal of Economic Dynamics and ControlGauging the effects of fiscal stimulus packages in the euro area
- 2012
- American Economic Review, Papers and ProceedingsFiscal policy and the Great Recession in the euro area
- 2012
- American Economic Journal: MacroeconomicsEffects of fiscal stimulus in structural models
- 2010
- SERIEs - Journal of the Spanish Economic AssociationDSGE models and their use at the ECB
- 2008
- Economic ModellingFiscal consolidation in the euro area: Long-run benefits and short-run costs
- 2008
- Journal of Economic Dynamics and ControlTax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model
- 2007
- Journal of Monetary EconomicsIdentifying the influences of nominal and real rigidities in aggregate price-setting behavior
- 2007
- Journal of Economic Dynamics and ControlInflation persistence and robust monetary policy design
- 2005
- International FinanceDoes government spending crowd in private consumption? Theory and empirical evidence for the euro area
- 2005
- International Journal of Central BankingThe performance and robustness of interest-rate rules in models of the euro area
- 2005
- European Economic ReviewA small estimated euro area model with rational expectations and nominal rigidities
- 2005
- European Economic ReviewData uncertainty and the role of money as an information variable for monetary policy
- 2005
- Empirical EconomicsAsymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models
- 2004
- Advances in MacroeconomicsPrice stability and monetary policy effectiveness when nominal interest rates are bounded at zero
- 2004
- American Economic Review, Papers and ProceedingsExchange-rate policy and the zero bound on nominal interest rates
- 2003
- Journal of Monetary EconomicsThe zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan
- 2003
- Scottish Journal of Political EconomyPersistence, the transmission mechanism and robust monetary policy
- 2001
- Journal of Applied EconometricsThe demand for M3 in the euro area
- 1995
- WiSt - Wirtschaftswissenschaftliches StudiumDas Sattelpunktproblem in der monetären Wechselkurstheorie
- 1997
- Haag+Herchen, Frankfurt am MainIntertemporale Substitution in der Realen Konjunkturtheorie: Eine empirische Untersuchung unter Verwendung simulationsgestützter indirekter Schätz- und Testverfahren
- 2018
- Hawks and Doves: Deeds and Words - Economics and Politics of Monetary PolicymakingMore, and more forward-looking: Central bank communication after the crisis
- 2017
- DSGE Models in the Conduct of Policy: Use as IntendedDSGE models and counterfactual analysis
- 2011
- Handbook of Economic ForecastingForecasting with DSGE models
- 2010
- International Dimensions of Monetary PolicyInternational transmission and monetary policy cooperation
- 2003
- Background Studies for the ECB’s Evaluation of Its Monetary Policy StrategyZero lower bound: Is it a problem in the euro area?
- 2003
- Background Studies for the ECB’s Evaluation of Its Monetary Policy StrategyDownward nominal wage rigidity and the long-run Phillips curve: Simulation-based evidence for the euro area
- 1998
- Topics in Monetary Policy ModelingInflation versus monetary targeting in a P-star model with rational expectations
- 2011
- Manuscript, European Central BankExtended version of 'Fiscal policy and the Great Recession in the euro area', American Economic Review (Papers and Proceedings) 102(3)
- 2010
- Research Bulletin No. 10, European Central BankWhen does fiscal stimulus work?
- 2010
- IMF Working Paper WP/10/73Effects of fiscal stimulus in structural models
- 2009
- Bank of Lithuania Working Paper No. 5Estimation of the euro area output gap using the NAWM
- 2009
- Manuscript, European Central BankExtending the NAWM with a non-zero import content of exports
- 2009
- Manuscript, European Central BankExtending the NAWM with a partial indexation mechanism linking wages and trend productivity
- 2006
- Research Bulletin No. 4, European Central BankHow do VAT changes affect the economy? An illustration using the New Area-Wide Model
- 2006
- Research Bulletin No. 5, European Central BankA Real-Time DataBase (RTDB) for the euro area
- 2006
- Issues in Inflation Targeting, Bank of Canada, Ottawa, pp. 82-87Discussion of 'The New-Keynesian Phillips curve when inflation is non-stationary: The case of Canada' by Nicoletta Batini and Bergljot Bjørnson Barkbu
- 2004
- 2003 Japan Conference: A Summary of the Papers, NBER, Cambridge, M.A., pp. 8-9Extended summary of 'The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan', Journal of Monetary Economics 50(5)
- 2004
- Manuscript, European Central BankExtended version of 'Exchange-rate policy and the zero bound on nominal interest rates', American Economic Review (Papers and Proceedings) 94(2)
- 1999
- De Nederlandsche Bank, Staff Report No. 36, pp. 35-43Discussion of 'Monetary transmission and controllability of money in Europe: A structural vector error correction approach', by Peter Vlaar and Helene Schuberth
- 1998
- Manuscript, Deutsche BundesbankEvaluating monetary policy rules in a P-star model with rational expectations using indirect inference
- 1998
- Discussion Paper of the Research Group of the Deutsche Bundesbank 2/98Intertemporal effects of fiscal consolidation in an RBC model
- 1995
- Manuscript, Institute of Statistics and Econometrics, University of KielA further note on computing competitive equilibria in linear-quadratic models
- 1992
- Arbeiten aus dem Institut für Statistik und Ökonometrie der Christian-Albrechts-Universität Kiel No. 66Eine Einführung in die Analyse linearer sattelpunktstabiler Systeme