User profiles for Michael Ehrmann

Michael Ehrmann

- Verified email at ecb.int - Cited by 13224

michael ehrmann

- Verified email at uni-due.de - Cited by 9906

Central bank communication and monetary policy: A survey of theory and evidence

AS Blinder, M Ehrmann, M Fratzscher… - Journal of economic …, 2008 - aeaweb.org
Over the last two decades, communication has become an increasingly important aspect of
monetary policy. These real-world developments have spawned a huge new scholarly …

The global crisis and equity market contagion

G Bekaert, M Ehrmann, M Fratzscher… - The Journal of …, 2014 - Wiley Online Library
We analyze the transmission of the 2007 to 2009 financial crisis to 415 country‐industry equity
portfolios. We use a factor model to predict crisis returns, defining unexplained increases …

[HTML][HTML] A temperature-dependent switch from chaperone to protease in a widely conserved heat shock protein

C Spiess, A Beil, M Ehrmann - Cell, 1999 - Elsevier
Misfolding or unfolding of polypeptides can occur as a consequence of environmental stress
and spontaneous mutation. The abundance of general chaperones and proteases suggests …

[HTML][HTML] The HtrA family of proteases: implications for protein composition and cell fate

T Clausen, C Southan, M Ehrmann - Molecular cell, 2002 - Elsevier
Cells precisely monitor the concentration and functionality of each protein for optimal
performance. Protein quality control involves molecular chaperones, folding catalysts, and …

Financial systems and the role of banks in monetary policy transmission in the euro area

M Ehrmann, L Gambacorta… - Available at SSRN …, 2001 - papers.ssrn.com
This paper offers a comprehensive comparison of the structure of banking and financial markets
in the euro area. Based on this, several hypotheses about the role of banks in monetary …

Stocks, bonds, money markets and exchange rates: measuring international financial transmission

M Ehrmann, M Fratzscher… - Journal of Applied …, 2011 - Wiley Online Library
Understanding the complexity of the financial transmission process across various assets—domestically
as well as within and across asset classes—requires the simultaneous …

Taking stock: Monetary policy transmission to equity markets

M Ehrmann, M Fratzscher - Journal of Money, Credit and Banking, 2004 - JSTOR
This paper analyses the effects of US monetary policy on stock markets. We present evidence
that individual stocks react in a highly heterogeneous fashion to US monetary policy …

Communication by central bank committee members: different strategies, same effectiveness?

M Ehrmann, M Fratzscher - Journal of Money, Credit and …, 2007 - Wiley Online Library
The paper assesses the communication strategies of the Federal Reserve, the Bank of England,
and the European Central Bank and their effectiveness. We find that the effectiveness of …

Does inflation targeting increase output volatility? An international comparison of policymakers' preferences and outcomes

SG Cecchetti, M Ehrmann - 1999 - nber.org
Aggregate shocks that move output and inflation in opposite directions create a tradeoff
between output and inflation variability, forcing central bankers to make a choice. Differences in …

Crystal structure of DegP (HtrA) reveals a new protease-chaperone machine

T Krojer, M Garrido-Franco, R Huber, M Ehrmann… - Nature, 2002 - nature.com
Molecular chaperones and proteases monitor the folded state of other proteins. In addition
to recognizing non-native conformations, these quality control factors distinguish substrates …