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Dr Michael Kühl

Research Interests

  • Financial Markets
  • Macroeconomics
  • International Economics and Finance
  • Monetary Economics

Refereed Publications

  • Kühl M., Bank capital, the state contingency of banks' assets and its role for the transmission of shocks, Journal of Macroeconomics, forthcoming.
  • Kühl M., Excess comovements between the Euro/US dollar and Pound Sterling/US dollar exchange rates, Applied Economics, forthcoming.
  • Kühl M., The Effects of Government Bond Purchases on Leverage Constraints of Banks and Non-Financial Firms, International Journal of Central Banking, forthcoming.
  • Beckmann, J. und M. Kühl (2016), The Role for Long-run Target Values of the Exchange Rate in the Bank of Japan’s Policy Reaction Function, The World Economy, forthcoming.
  • Hollmayr, J. und M. Kühl (2016), Imperfect Information about Financial Frictions and Consequences for the Business Cycle, Review of Economic Dynamics, Vol. 22, pp. 179-207.
  • Beckmann, J., A. Belke and M. Kühl (2015), Foreign exchange market interventions and the $–¥ exchange rate in the long run, Applied Economics, Vol. 47(38), 4037-4055.
  • Beckmann, J., A. Belke and M. Kühl (2012), The cross-country importance of global sentiments-evidence for smaller EU countries, International Economics and Economic Policy, Vol. 9(3-4), pp. 245-264.
  • Beckmann, J., A. Belke and M. Kühl (2011), Cointegration, structural breaks and monetary fundamentals of the Dollar/Yen Exchange, International Advances in Economic Research, Vol. 17(4), pp. 397-412.
  • Beckmann, J., A. Belke and M. Kühl (2011), Global Integration of Central and Eastern European Financial Markets - The Role of Economic Sentiments, Review of International Economics, Vol. 19(1), pp. 137-157.
  • Beckmann, J., A. Belke and M. Kühl (2011), The Dollar-Euro Exchange Rate and Macroeconomic Fundamentals: A Time-Varying Coefficient Approach, Review of World Economics, Vol. 147(1), pp. 11-40.
  • Kühl, M. (2010), Bivariate cointegration of major exchange rates, cross-market efficiency and the introduction of the Euro, Journal of Economics and Business, Vol. 62(1), pp. 1-19.

Other Working Papers and Publications

  • Beckmann, J., A. Belke and M. Kühl (2013), Foreign Exchange Market Interventions and the $-¥ Exchange Rate in the Long-Run, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen, Ruhr Economic Papers 0428.
  • Kühl, M. (2010), Gemeinsame Bewegungen von Wechselkursen: eine theoriefundierte empirische Untersuchung unter Beachtung von fundamentalen und nicht-fundamentalen Einflussfaktoren, Optimus Mostafa Verlag, Göttingen.
  • Kühl, M. and R. Ohr (2010), Explodierende Staatsschulden, drohende Staatsbankrotte: Was kommt auf uns zu?, Ifo Schnelldienst, Vol. 63(04), pp. 20-23.
  • Beckmann, J., A. Belke and M. Kühl (2009), How Stable Are Monetary Models of the Dollar-Euro Exchange Rate? A Time-Varying Coefficient Approach, DIW Discussion Paper 944.
  • Beckmann, J., A. Belke and M. Kühl (2009), Global Integration of Central and Eastern European Financial Markets: The Role of Economic Sentiments, DIW Discussion Paper 952.
  • Kühl, M. (2009), Excess Comovements between the Euro/US dollar and British pound/US dollar exchange rates, Center for European, Governance and Economic Development, Research Discussion Papers 89.
  • Kühl, M. (2008), Strong comovements of exchange rates: Theoretical and empirical cases when currencies become the same asset, Center for European, Governance and Economic Development, Research Discussion Papers 76.
  • Kühl, M. (2007), Cointegration in the Foreign Exchange Market and Market Efficiency since the Introduction of the Euro: Evidence based on bivariate Cointegration Analyses, Center for European, Governance and Economic Development, Research Discussion Papers 68.

Additional information

Contact

Dr Michael Kühl

Dr Michael Kühl

+49 69 9566-2314

Address

Deutsche Bundesbank

Central Office, Directorate General Economics

Wilhelm-Epstein-Straße 14
60431 Frankfurt am Main