Michael Kumhof
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German economist
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Michael Kumhofeconomics Degrees
Economics
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Monetary Economics
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Macroeconomics
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Economics
Michael Kumhof's Degrees
- PhD Economics University of Bonn
- Masters Economics University of Bonn
- Bachelors Economics University of Bonn
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Why Is Michael Kumhof Influential?
(Suggest an Edit or Addition)According to Wikipedia, Michael Kumhof is a German researcher and economist. He is the senior research advisor in the Bank of England's research hub. He is most known for his research into the financial system, income inequalities and the oil supply.
Michael Kumhof's Published Works
Published Works
- Inequality, Leverage and Crises (2010) (763)
- Effects of Fiscal Stimulus in Structural Models (2010) (619)
- The Chicago Plan Revisited (2012) (291)
- The Macroeconomics of Central Bank Issued Digital Currencies (2016) (244)
- Banks are Not Intermediaries of Loanable Funds – And Why This Matters (2015) (235)
- The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure (2010) (204)
- Income Inequality and Current Account Imbalances (2012) (178)
- Central Bank Digital Currencies - Design Principles and Balance Sheet Implications (2018) (155)
- The Case for Global Fiscal Stimulus (2009) (150)
- Government Debt: A Key Role in Financial Intermediation (2005) (124)
- The Future of Oil: Geology Versus Technology (2012) (109)
- Fiscal Deficits and Current Account Deficits (2009) (97)
- Financial Crises in DSGE Models: A Prototype Model (2014) (96)
- Global effects of fiscal stimulus during the crisis (2010) (85)
- Risky bank lending and countercyclical capital buffers (2015) (84)
- A Party Without a Hangover? On the Effects of U.S. Government Deficits (2007) (74)
- Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model (2013) (64)
- Optimal price setting and inflation inertia in a rational expectations model (2008) (52)
- Risky Bank Lending and Optimal Capital Adequacy Regulation (2011) (50)
- Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits (2009) (50)
- Banks are Not Intermediaries of Loanable Funds — Facts, Theory and Evidence (2018) (50)
- Simple, Implementable Fiscal Policy Rules (2009) (50)
- Chile's Structural Fiscal Surplus Rule: A Model-Based Evaluation (2009) (47)
- The macroeconomics of central bank digital currencies (2021) (46)
- Financial Crises in DSGE Models: Selected Applications of MAPMOD (2014) (44)
- Inequality, Leverage and Crises: The Case of Endogenous Default (2013) (42)
- Simple Monetary Rules under Fiscal Dominance (2007) (41)
- Deficit reduction: Short-term pain for long-term gain ☆ (2011) (38)
- Simple fiscal policy rules for small open economies (2013) (36)
- Inflation Inertia and Credible Disinflation - the Open Economy Case (2003) (36)
- Balance of Payments Crises Under Inflation Targeting (2007) (36)
- On the theory of sterilized foreign exchange intervention (2010) (35)
- Oil and the world economy: some possible futures (2012) (33)
- An Economy in Transition and DSGE: What the Czech National Bank’s New Projection Model Needs (2005) (33)
- Measures of Potential Output from an Estimated DSGE Model of the United States (2006) (30)
- Jointly optimal monetary and fiscal policy rules under liquidity constraints (2011) (30)
- International Capital Mobility in Emerging Markets: New Evidence from Daily Data (2001) (27)
- The Future of Oil : Geology Versus Technology (2012) (23)
- Oil and the World Economy; Some Possible Futures (2012) (20)
- Politically Optimal Fiscal Policy (2007) (19)
- Nominal Exchange Rate Anchoring Under Inflation Inertia (2002) (18)
- Sterilization of short-term capital inflows— through lower interest rates? (2004) (17)
- Wage Moderation in Crises; Policy Considerations and Applications to the Euro Area (2015) (17)
- Budget Consolidation: Short-Term Pain and Long-Term Gain (2010) (17)
- Central bank digital currencies — Design principles for financial stability (2021) (16)
- Models of Banking: Loanable Funds or Loans that Create Funds? (2014) (15)
- The Benefits of International Policy Coordination Revisited (2013) (15)
- Pricing Policies and Inflation Inertia (2003) (13)
- A quantitative exploration of the role of short-term domestic debt in balance of payments crises (2000) (13)
- Banks, Money and the Zero Lower Bound on Deposit Rates (2018) (12)
- Monetary Policy in an Equilibrium Portfolio Balance Model (2007) (11)
- Fiscal Crisis Resolution: Taxation versus Inflation (2004) (11)
- Deep Reinforcement Learning in a Monetary Model (2021) (11)
- Central Bank Money: Liability, Asset, or Equity of the Nation? (2020) (10)
- A Fiscal Theory of the Currency Risk Premium and of Sterilized Intervention (2002) (9)
- To Starve or Not to Starve the Beast? (2010) (9)
- Banks, Money and the Zero Lower Bound (2018) (9)
- Inflation inertia and credible disinflation (2007) (8)
- Does the Exchange Rate Belong in Monetary Policy Rules? New Answers from a DSGE Model with Endogenous Tradability and Trade Frictions (2007) (7)
- Banks in the Global Integrated Monetary and Fiscal Model (2015) (6)
- Trade Openness and Exchange Rate Regimes (2014) (6)
- How Does International Capital Flow? (2020) (6)
- Jointly Optimal Monetary and Fiscal Policy Rules Under Borrowing Constraints (2009) (5)
- Towards a New Monetary Theory of Exchange Rate Determination (2019) (5)
- Wage Moderation in Crises (2015) (5)
- Banks, Money, and the Zero Lower Bound on Deposit Rates (2020) (4)
- On the theory of international currency portfolios (2018) (4)
- Oil and the World Economy (2012) (3)
- Multi-Sectoral Cascading and Price Dynamics - A Bayesian Econometric Evaluation (2006) (3)
- Income inequality causes higher debt leverage among all but the richest households, and makes economies more vulnerable to financial crises (2015) (3)
- On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods (2005) (3)
- International Currency Portfolios (2009) (2)
- Inflation Targeting and Exchange Rate Flexibility (2000) (2)
- Getting to Know GIMF (2013) (2)
- Policies to Rebalance the Global Economy After the Financial Crisis (2012) (2)
- The Future of Oil (2012) (2)
- To Starve or Not to Starve the Beast (2010) (2)
- Balance of Payments Anti-Crises (2009) (2)
- A Rational Expectations Model of Optimal Inflation Inertia (2005) (1)
- Chile: Selected Issues; IMF Country Report 07/332; June 25, 2007 (2007) (1)
- long periods of unequal incomes spur borrowing from the rich , increasing the risk of major economic crises (2010) (1)
- Chile's Structural Fiscal Surplus Rule (2009) (1)
- Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land (2021) (1)
- The Chicago Plan Revisited; by Jaromir Benes and Michael Kumhof; IMF Working Paper 13/202; August 2012 (2012) (1)
- Too much of a good thing? on the effects of limiting foreign reserve accumulation (2011) (1)
- The Future of Oil: Mind the Gap (2014) (1)
- INTEREST RATE RISK PREMIA AND DISCRETIONARY FISCAL POLICY (2001) (0)
- Inflation Targeting Versus Joining a Monetary Union: An Assessment of the Potential Benefits and Costs Using a DSGE Model (2006) (0)
- Michael Kumhof Interest Rate Risk Premia and Discretionary Fisical Policy (1998) (0)
- Affiliations American Economic Association, Society for Economic Dynamics, and Committee on the Status of Women in the Economics Profession (2011) (0)
- The Case for Global Fiscal Stimulus by Charles Freedman, Michael Kumhof, Douglas Laxton, and Jaewoo Lee; IMF Staff Position Note SPN/09/03 - March 6, 2009 (2009) (0)
- Replication data for: Effects of Fiscal Stimulus in Structural Models (2019) (0)
- Exchange Rate Regimes, International Linkages, and the Macroeconomic Performance of the New Member States, by T. Bayoumi, M. Kumhof, D. Laxton, and K. Naknoi. Fifth IMF Jacques Polak Ann Res Conf: Policies, Institutions, and Instability-Nov 4-5, 2004 (2004) (0)
- PRICING POLICIES AND INFLATION DYNAMICS (2011) (0)
- Inflation Inertia - the Role of Multiple, Interacting Pricing Rigidities (2004) (0)
- Government Debt Bias (2017) (0)
- We should seriously consider revisiting “The Chicago Plan” of the 1930s which separates the monetary and credit functions of the banking system (2013) (0)
- CBDC Policies in Open Economies (2023) (0)
- Appendix for Inequality , Leverage and Crises (2014) (0)
- Government Debt Bias (2017) (0)
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What Schools Are Affiliated With Michael Kumhof?
Michael Kumhof is affiliated with the following schools: