(together with Sushanta Mallick), IWH Discussion Paper 15/2015 Abstract: This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use …
Global Food Prices and Business Cycle Dynamics in an Emerging Market Economy Read more »
(with Reint Gropp), IWH Online 8/2015, 1-14 Abstract: In a recent IWH online note, the IWH suggested that due to “flight to safety” effects, Germany was able to issue government debt at lower rates than otherwise would have been possible. …
Interest Benefits from the Debt Crisis to the German Budget Read more »
(together with Claudia M. Buch), in: Nowotny, E, Ritzberger-Grünwald, D., Backé, P.: Financial Cycles and the Real Economy. Lessons for CESEE Countries, Edward Elgar, 2014 (and: IWH Discussion Paper 8/2014) Abstract: The economic and financial crisis that emerged in 2008 …
Do We Need New Modelling Approaches in Macroeconomics? Read more »
(together with Susanne Prinz, Gerhard Gründer, Ralf Dieter Hilgers and Ingo Vernaleken), Frontiers in Psychology 5, 2014, Article 158 Abstract: This study on healthy young male students aimed to enlighten the associations between an individual’s financial decision making and surrogate …
(together with Steven Devaney and Rainer Schulz), IWH Discussion Paper 15/2012 Abstract: Informationally efficient prices are a necessary requirement for optimal resource allocation in the real estate market. Prices are informationally efficient if they reflect buildings’ benefit to marginal buyers, …
Efficiency in the UK Commercial Property Market: A Long-run Perspective Read more »
(together with Maike Irrek and Birgit Schultz), IWH Discussion Paper 11/2012 Abstract: Many economic decisions implicitly or explicitly rely on a projection of the medium- or long-term economic development of a country or region. In this paper, we provide a …
(together with Sushanta Mallick), Economic Modelling 34, 2013, 5-14 Abstract: Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries.
(together with Sebastian Giesen, Juliane Scharff and Rolf Scheufele), Economic Modelling 29, 2012, 1461-1472 Abstract: In this paper we develop an open economy model explaining the joint determination of output, inflation, interest rates, unemployment and the exchange rate in a …
(together with Götz Zeddies), Empirica, Journal of European Economics 40, 2013, 197-214 Abstract: The introduction of the Euro has been accompanied by the hope that international competition between EMU member states would increase due to higher price transparency. This paper …
Has the Euro Increased International Price Elasticities? Read more »
(together with Mathias Hoffmann), Scandinavian Journal of Economics 112, 2010, 127-161 Abstract: We discuss how the welfare ranking of fixed and flexible exchange rate regimes in a New Open Economy Macroeconomics model depends on the interplay between the degree of …
Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows in Europe Read more »