M
Marcel Fratzscher
Researcher at German Institute for Economic Research
Publications - 254
Citations - 16754
Marcel Fratzscher is an academic researcher from German Institute for Economic Research. The author has contributed to research in topics: Monetary policy & Financial market. The author has an hindex of 72, co-authored 253 publications receiving 15316 citations. Previous affiliations of Marcel Fratzscher include Humboldt State University & European Central Bank.
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Risk sharing, finance, and institutions in international portfolios
TL;DR: This paper developed a standard model to show how transaction costs in international investment affect conventional tests of consumption risk sharing, both in a multilateral and a bilateral setting, and implemented the tests in a novel international data set on bilateral holdings of equity, bonds, foreign direct investment (FDI) and bank loans.
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The Link between Institutional and Economic Integration: Insights for Latin America from the European Experience
TL;DR: The European experience illustrates that institutional integration interacts with economic integration at the regional level as discussed by the authors, and there is a causal link between the two in Latin America and the European experience, and the link between institutional and economic integration has worked both ways throughout European experience.
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Asset Prices and Current Account Fluctuations in G-7 Economies
TL;DR: This article analyzed the effect of equity-price shocks on current account positions for the G-7 industrialized countries during 1974-2007, using a Bayesian vector autoregression with sign restrictions for the identification of equity price shocks and test empirically for their effect on current accounts.
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Current Account Dynamics in OECD Countries and in the New EU Member States: An Intertemporal Approach
TL;DR: In this paper, the authors investigated the large current account deficits observed in most new EU member states using an intertemporal model and derived a closed form solution for consumption in the presence of habit persistence and liquidity constraints.
Posted Content
Forecasting ECB Monetary Policy: Accuracy is (Still) a Matter of Geography
Michael Ehrmann,Michael Ehrmann,Marcel Fratzscher,Marcel Fratzscher,Helge Berger,Helge Berger +5 more
TL;DR: In this paper, the authors used a database of surveys of professional ECB policy forecasters in 24 countries and found remarkable differences in forecast accuracy, and they are partly related to geography and clustering around informational hubs.