Research
Work in Progress
The effect of income inequality on the German export surplus.
DSGE model estimation with interest rate expectations in the dataset: Empirical fit, forecasting performance and the effect of forward guidance on economic activity.
Working papers
Rannenberg, A. (2023), Income inequality and the German export surplus, Video.
Lozej, M./ Rannenberg, A. (2017), The macroeconomic effects of the regulatory LTV and LTI ratios in the Central Bank of Ireland’s DSGE model, Central Bank of Ireland Economic Letter. Mentioned in the Wall Street Journal and web edition of the Irish public broadcaster RTE.
Rannenberg, A./ Schoder, C./ Strasky, C. (2015), The macroeconomic effects of the Euro Area's fiscal consolidation 2011-2013: A simulation based approach, Central Bank of Ireland Research Technical Paper 2015/03. Mentioned by Simon Wren Lewis on his blog.
Pusch, T./ Rannenberg, A. (2011), Multiplier Calculations based on Input-Output Tables – with an Application to EU Members, IWH Discussion Paper 2011/01.
Rannenberg, A. (2009), Shocks, Monetary Policy and Institutions: Explaining Unemployment Persistence in "Europe" and the United States, CDMA Working Paper 200909.
Publications in refereed journals
de Walque, G. / Lejeune, T. / Rannenberg, A. / Wouters, R. (2023), Low pass-through and high spillovers in NOEM : What does help and what does not , NBB Working Paper 386, forthcoming at the Journal of International Economics.
Gechert, S./ Hughes Hallett, A./ Rannenberg, A. (2016), Fiscal multipliers in downturns and the effects of Eurozone fiscal consolidation, Applied Economic Letters, Vol. 23(16). See also the associated voxeu blogpost and CEPR Policy Insight (extended version).
Gechert, S./ Rannenberg, A. (2017), Which Fiscal Multipliers are Regime-Dependent? A Meta Regression Analysis, Journal of Economic Surveys, Vol. 32(4), pp. 1160-1182.
Gechert, S./ Rannenberg A. (2016), The Costs of Greece’s Fiscal Consolidation, IW Vierteljahrshefte zur Wirtschaftsforschung: Vol. 84, The Greek Crisis: A Greek Tragedy?
Hughes Hallett, A./ Rannenberg, A./ Schreiber, S. (2017), Reassessing the Impact of the US Fiscal Stimulus: The Role of the Monetary Policy Stance, International Business Research, Vol. 10(4).
Lozej, M./ Onorante, L./ Rannenberg, A. (2018), Countercyclical Capital Regulation in a Small Open Economy DSGE Model, Macroeconomic Dynamics.
Lozej, M./ Rannenberg, A. (2018), The macroeconomic effects of the LTV and LTI ratios in Ireland, in: Applied Economics Letters Vol. 25(21), pp. 1507-1511.
Rannenberg, A. (2016), Bank leverage cycles and the external finance premium, Journal of Money, Credit and Banking.
Rannenberg, A. (2015), The Taylor Principle and (In-) Determinacy with hiring Frictions and Skill Loss, Macroeconomic Dynamics, Vol. 19(5).
Rannenberg, Ansgar (2021), State dependent fiscal multipliers with preferences over safe assets, Journal of Monetary Economics.
Rannenberg, Ansgar (2023), The rise in inequality, the decline in the natural interest rate and the increase in household debt, forthcoming in the International Journal of Central Banking. Earlier versions circulated under the name "Inequality, the risk of secular stagnation and the increase in household debt."'
Rannenberg, A. (2019), Forward guidance with preferences over safe assets, NBB Working Paper 364, Latest version, forthcoming in the IMF Economic Review.
Contributions to Conference Volumes
Explaining European unemployment with a New Keynesian New Growth model, in: Hein, E./Niechoj, T./Stockhammer, E. (Hrsg.), 2009, Macroeconomic Policies on Shaky Foundations - Whither Mainstream Economics?, Metropolis.
Forecasting
While working at IMK from 12/2012 to 30/04/2015, I have been in charge of most of the international part of our GDP forecast. My special focus was the EU economy, but I also cover most other important regions. I used the Niser Global Economic Model (NiGEM) to create the forecast. The forecast consists of two big forecast rounds completed in October and April and two smaller updates.
Policy Work