Curriculum Vitae
Research Interests
Monetary Theory and Policy, Fiscal Policy, Financial Economics, and International Macroeconomics
Short Bio
Working Papers
- "Bank Regulation and Post-2008 US Monetary Policy" with Ruopu Hu (Version June 2025)
- "Can Monetary Policy be Superior for Financial Stabilization?" (Version: October 2024; invited for resubmission at the Journal of Economic Theory)
- "Financial Regulation, Interest Rate Responses, and Distributive Effects", with Christian Loenser and Joost Röttger (Version: November 2021)
- "On the Role of MBS for the Macroeconomic Effects of QE1" with Hamza Polattimur (This Version: April 2020).
- "Interest Rate Spreads and Forward Guidance", with Christian Bredemeier and Christoph Kaufmann (This Version: May 2018). [Additional Material]
Older Working Papers
- "Interest Rates, Money, and Banks in an Estimated Euro Area Model", with Kai Christoffel (Version: August 2014).
- "Fiscal Policy, Sovereign Default, and Bailouts", with Falko Juessen (Version: December 2013).
- "Monetary Policy, Interest Rates, and Liquidity Premia", with Samuel Reynard (Version: August 2013).
Publications
Bredemeier, C., Juessen, F., & Schabert, A. (2022). Why are fiscal multipliers moderate even under monetary accommodation? European Economic Review, 141, 103970. DOI
Loenser, C., & Schabert, A. (2020). MONETARY POLICY, FINANCIAL CONSTRAINTS, AND REDISTRIBUTION. International Economic Review, 61(4), 1501–1529. DOI
European Central Bank. (2018). Interest rate spreads and forward guidance. Publications Office. DOI
Bredemeier, C., Juessen, F., & Schabert, A. (2015). Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound. SSRN Electronic Journal. DOI
Christoffel, K. P., & Schabert, A. (2015). Interest Rates, Money, and Banks in an Estimated Euro Area Model. SSRN Electronic Journal. DOI
Linnemann, L., & Schabert, A. (2015). Liquidity premia and interest rate parity. Journal of International Economics, 97(1), 178–192. DOI
Schabert, A. (2015). Optimal central bank lending. Journal of Economic Theory, 157, 485–516. DOI
Hörmann, M., & Schabert, A. (2014). A Monetary Analysis of Balance Sheet Policies. The Economic Journal, 125(589), 1888–1917. DOI
Juessen, F., Linnemann, L., & Schabert, A. (2014). DEFAULT RISK PREMIA ON GOVERNMENT BONDS IN A QUANTITATIVE MACROECONOMIC MODEL. Macroeconomic Dynamics, 20(1), 380–403. DOI
Schabert, A. (2014). Optimal Monetary Policy, Asset Purchases, and Credit Market Frictions. SSRN Electronic Journal. DOI
Schabert, A., & van Wijnbergen, S. J. G. (2014). Sovereign Default and the Stability of Inflation-Targeting Regimes. IMF Economic Review, 62(2), 261–287. DOI
Juessen, F., & Schabert, A. (2013). Fiscal Policy, Sovereign Default, and Bailouts. SSRN Electronic Journal. DOI
Linnemann, L., & Schabert, A. (2012). Fiscal Rules, Interest Payments on Debt, and the Irrelevance of the Taylor Principle. Scottish Journal of Political Economy, 59(3), 250–265. DOI
Linnemann, L., & Schabert, A. (2012). Optimal government spending with labor market frictions. Journal of Economic Dynamics and Control, 36(5), 795–811. DOI
Schabert, A. (2011). Exchange rate policy under sovereign default risk. Economics Letters, 112(2), 179–181. DOI
Linnemann, L., & Schabert, A. (2010). DEBT NONNEUTRALITY, POLICY INTERACTIONS, AND MACROECONOMIC STABILITY*. International Economic Review, 51(2), 461–474. DOI
Schabert, A. (2010). Monetary policy under a fiscal theory of sovereign default. Journal of Economic Theory, 145(2), 860–868. DOI
SCHABERT, A., & VON THADDEN, L. (2009). Distortionary Taxation, Debt, and the Price Level. Journal of Money, Credit and Banking, 41(1), 159–188. DOI
Hörmann, M., & Schabert, A. (2009). An interest rate peg might be better than you think. Economics Letters, 105(2), 156–158. DOI
Schabert, A. (2009). Money supply, macroeconomic stability, and the implementation of interest rate targets. Journal of Macroeconomics, 31(2), 333–344. DOI
Schabert, A., & Chowdhury, I. (2008). Federal Reserve Policy Viewed Through a Money Supply Lens. SSRN Electronic Journal. DOI
Brückner, M., & Schabert, A. (2006). Can money matter for interest rate policy? Journal of Economic Dynamics and Control, 30(12), 2823–2857. DOI
Schabert, A. (2006). Central bank instruments, fiscal policy regimes, and the requirements for equilibrium determinacy. Review of Economic Dynamics, 9(4), 742–762. DOI
Schabert, A., & van Wijnbergen, S. (2006). Debt, Deficits, and Destabilizing Monetary Policy in Open Economies. SSRN Electronic Journal. DOI