Matthias Brückner

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Honkapohja for helpful comments. Three anonymous referees and the editor of this journal have greatly helped me to improve the paper. The paper draws on chapter 3 of my Ph.D. thesis at the European University Institute in Florence, Italy. Errors are mine. Abstract: We study adaptive learning in a monetary overlapping generations model with sticky prices and(More)
The creation of a monetary union in Europe on 1 January 1999 is undoubtedly one of the largest macro and politico-economic experiments in modern history. It was the cap stone of the so-called 'Maastricht Process' designed to achieve macro economic convergence, which had shaped monetary and fiscal policies in the countries striving for membership in European(More)
ASYMMETRICMONETARY POLICYEFFECTSINEMU VolkerClausenandBerndHayo Thanks to Mat Canzoneri, Jürgen von Hagen, Matthias Brückner and participants of a research seminar at the University of Bonn for helpful comments. Obviously, we are responsible for all remaining shortcomings. Abstract This paper uses a semi-structural dynamic modelling approach to investigate(More)
PURPOSE Crystallin β-b2 (crybb2) is known to support the regeneration of retinal ganglion cell (RGC) axons in culture. We investigated whether neuronal progenitor cells (NPCs) overexpressing crybb2 (crybb2-NPC) affect secondary retinal degeneration due to optic nerve crush in vivo. METHODS NPCS were produced by dissociation and propagation of rat(More)
The purpose of the study was to further scrutinize the potential of βB2-crystallin in supporting regeneration of injured retinal ganglion cell axons both in vitro and in vivo. Retinal explants obtained from animals after treatment either with lens injury (LI) alone or with combined LI 5 days or 3 days before or simultaneously with an optic nerve crush (ONC)(More)
The introductory phase of the European Monetary Union ended with the emission of euro currency in 2002. We present a review of the experiences with the new monetary union. Using a Taylor-rule, we analyze the ECB's conduct of monetary policy. The empirical results suggests that the ECB applies similar weights to inflation and the output gap as the Bundesbank(More)
This paper reexamines the role of open market operations for short-run e¤ects of monetary policy in a New Keynesian framework. The central bank supplies money in exchange for securities that are discounted with the short-run nominal interest rate, while money demand is induced by a liquidity constraint. We allow for a legal restriction by which only(More)
In clinical trials survival endpoints are usually compared using the log-rank test. Sequential methods for the log-rank test and the Cox proportional hazards model are largely reported in the statistical literature. When the proportional hazards assumption is violated the hazard ratio is ill-defined and the power of the log-rank test depends on the(More)
This paper considers committees of n players that vote by (weighted) majority on policies that are binding for all members. The voting mechanism is implemented before the players learn their preferred policies. I derive a formula that measures ex-ante welfare and utility of such a committee as a function of the vote allocation. It will be shown that the(More)