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Economics and Finance

D-Index
36
Citations
7694
World Ranking
2765
National Ranking
325

Overview

Michael Kumhof is affiliated with the Bank of England in the United Kingdom. Their research primarily focuses on economics, econometrics, and finance, with extensive work in subfields such as general economics, finance, and econometrics. Their scholarly output reflects interests in banking stability, regulation, efficiency, economic theories and models, and monetary policy and its economic impact.

The scientist's publication record includes papers in a variety of academic venues with a concentration in the SSRN Electronic Journal. Other frequent publication outlets include the Journal of Economic Dynamics and Control and Economic Analysis and Policy.

Recent papers include:

  • The macroeconomics of central bank digital currencies (2021, Journal of Economic Dynamics and Control)
  • Central bank digital currencies - Design principles for financial stability (2021, Economic Analysis and Policy)
  • Central Bank Money: Liability, Asset, or Equity of the Nation? (2020, SSRN Electronic Journal)
  • CBDC Policies in Open Economies (2023, SSRN Electronic Journal)
  • Banks, money, and the zero lower bound on deposit rates (2021, Journal of Economic Dynamics and Control)

Michael Kumhof has collaborated frequently with several co-authors, including Phurichai Rungcharoenkitkul, Andrej Sokol, Xuan Wang, John Barrdear, and Clare Noone.

The main topics covered in their research encompass:

  • Banking stability, regulation, efficiency
  • Economic theories and models
  • Monetary policy and economic impact
  • Economic theory and policy
  • Global financial crisis and policies
  • Complex systems and time series analysis
  • Stock market forecasting methods

Michael Kumhof's work extends across various aspects of economic policy and financial stability, with particular emphasis on central bank digital currencies and their implications for monetary economics. Their contributions have addressed the design principles for financial stability and explored the roles of central bank money within national economies.

Best Publications

  • Inequality, Leverage, and Crises†

    Michael Kumhof;Romain Ranciere

  • The Chicago Plan Revisited

    Michael Kumhof;Jaromir Benes

  • Effects of Fiscal Stimulus in Structural Models

    Günter Coenen;Christopher J. Erceg;Charles Freedman;Davide Furceri

  • Banks are not intermediaries of loanable funds – and why this matters

    Zoltán Jakab;Michael Kumhof

  • The macroeconomics of central bank issued digital currencies

    John Barrdear;Michael Kumhof

  • Central bank digital currencies - design principles and balance sheet implications

    Michael Kumhof;Clare Noone

  • Income Inequality and Current Account Imbalances

    Romain Ranciere;Nathaniel Throckmorton;Michael Kumhof;Claire Lebarz

  • The Case for Global Fiscal Stimulus

    Jaewoo Lee;Douglas Laxton;Michael Kumhof;Charles Freedman

  • Inequality, Leverage and Crises

    Romain Ranciere;Michael Kumhof

  • The Macroeconomics of Central Bank Digital Currencies

    John Barrdear;Michael Kumhof

  • The future of oil: Geology versus technology ✩

    Jaromir Benes;Marcelle Chauvet;Ondra Kamenik;Michael Kumhof

  • The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure

    Michael Kumhof;Dirk Muir;Susanna Mursula;Douglas Laxton

  • Risky bank lending and countercyclical capital buffers

    Jaromir Benes;Michael Kumhof

  • Global effects of fiscal stimulus during the crisis

    Charles Freedman;Michael Kumhof;Douglas Laxton;Dirk Muir

  • Income Inequality and Current Account Imbalances

    Michael Kumhof;Claire Lebarz;Romain G. Rancière;Alexander W. Richter

  • Central bank digital currencies — Design principles for financial stability

    Michael Kumhof;Clare Noone

  • Government Debt; A Key Role in Financial Intermediation

    Michael Kumhof;Evan Tanner

  • Fiscal Deficits and Current Account Deficits

    Michael Kumhof;Douglas Laxton

  • Banks are not intermediaries of loanable funds — facts, theory and evidence

    Zoltan Jakab;Michael Kumhof

  • Inequality, Leverage and Crises

    Michael Kumhof;Romain G. Rancière

  • On the theory of sterilized foreign exchange intervention

    Michael Kumhof

  • Fiscal deficits and current account deficits

    Michael Kumhof;Douglas Laxton

Frequent Co-Authors

Douglas Laxton
Douglas Laxton International Monetary Fund
Romain Ranciere
Romain Ranciere University of Southern California
Guillermo A. Calvo
Guillermo A. Calvo Columbia University
Stijn Van Nieuwerburgh
Stijn Van Nieuwerburgh Columbia University
Daniel Leigh
Daniel Leigh International Monetary Fund
Davide Furceri
Davide Furceri International Monetary Fund
Jesper Lindé
Jesper Lindé Swedish National Bank
Christopher J. Erceg
Christopher J. Erceg Federal Reserve System
Antonio Spilimbergo
Antonio Spilimbergo International Monetary Fund
John Roberts
John Roberts Rice University

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