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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ECB Unconventional Monetary Policy: Market Impact and International Spillovers
TL;DR: The authors assesses the financial market impact of the European Central Bank's unconventional monetary policy between 2007 and 2012 and finds that it boosted equity prices and lowered bond market fragmentation in the euro area.
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Current accounts dynamics in OECD and EU acceding countries - an intertemporal approach
TL;DR: In this article, the authors extended the standard intertemporal model of the current account to include two important stylised facts: (1) the persistence of current account positions and (2) the relevance of the fiscal balance.
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Asset Prices, Exchange Rates and the Current Account
TL;DR: In this article, the role of asset prices in comparison to other factors, in particular exchange rates, as a driver of the US trade balance was analyzed, using a Bayesian structural VAR model that requires imposing only a minimum of economically meaningful sign restrictions.
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Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls
Kristin J. Forbes,Kristin J. Forbes,Kristin J. Forbes,Marcel Fratzscher,Marcel Fratzscher,Thomas Kostka,Roland Straub +6 more
TL;DR: In this paper, the authors use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and externalities from capital controls on investor portfolios.
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On the International Spillovers of US Quantitative Easing
TL;DR: In this article, the authors analyzed the global spillovers of the Federal Reserve's unconventional monetary policy measures and found that Fed measures in the early phase of the crisis, but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets in the US and globally across 65 countries.