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Recent working papers

Below find links to pdfs of some of my recent research papers. If you experience any problems with downloading a paper, please let me know (at This e-mail address is being protected from spambots. You need JavaScript enabled to view it ), and I will gladly send you the relevant item by air-mail. If you get problems with a paper per se, and thus, perhaps the urge to comment or criticize something, please do not hesitate to do so.

What Drives the European Central Bank's Interest-Rate Changes? (w. Morten Aastrup) CEPR Discussion Paper No. 8160, London. December 2010 (link to SSRN page).

Inflation Dynamics in the Euro Area: One Structural Estimation. Mimeo, University of Copenhagen. This version: July 2010 ( 88 Kb).

Optimizing Central Banks and Real Determinacy. Mimeo, University of Copenhagen. In preparation.

Monetary Policy Frameworks and Real Equilibrium Determinacy. Mimeo, University of Copenhagen. This version: February, 2002 ( 320 Kb). (Slides for 2001/2002 presentations, 110 Kb.)

State Manipulation and Asymptotic Inefficiency in a Dynamic Model of Monetary Policy (w. Ben Lockwood). Mimeo, Universities of Copenhagen and Warwick. This version: March 2000 ( 285 Kb). (Additional appendices, ( 110 Kb.)

New working paper

I have uploaded a new working paper (co-authored with Morten Aastrup) on "What Drives the European Central Bank's Interest-Rate Changes?".

New blog site launched

I have started a new blog where I post my stochastic ramblings about economics and economists. Check out "hjeconomics: The Blog".

New publication

My paper "Estimated Interest Rate Rules: Do they Determine Determinacy Properties?" has been published in The B.E. Journal of Macroeconomics (Contributions). It can be accessed at the bepress site.