(together with Yaz Gulnur Moradoglu) IWH Online 3/2020, 17.06.2020 Abstract: The Corona shutdown increases the probability of corporate bank­ruptcy. An analysis based on corporate financial statements from 2014 to 2018 reveals that in the United Kingdom, 73% of shutdown firms …

Corona Shutdown and Bankruptcy Risk Read more »

(together with Stefan Kooths, Claus Michelsen, Torsten Schmidt and Timo Wollmershäuser) Wirtschafsdienst 100(4), 2020, 254-258 Abstract: According to the leading German economic research institutes, the German economy is experiencing a drastic slump as a result of the corona pandemic. In …

Economy in Shock – Financial Policy is Holding Up Read more »

(together with Tobias Knedlik and Axel Lindner), Intereconomics 53(6), 2018, 316-319. Abstract: The intention for the Italian government to stimulate business activity via large increases in government spending is not in line with the stabilisation of the public debt ratio. …

On the Risk of a Sovereign Debt Crisis in Italy Read more »

(together with Roland Döhrn, Claus Michelsen, Stefan Kooths and Timo Wollmershäuser), Wirtschaftsdienst 98(10), 2018, 718-721. Abstract: The economic upturn in Germany is entering its sixth year but is losing momentum due to both demand and supply side factors. On the …

Upturn Loses Momentum – World Economic Climate Grows Harsher 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 »

Guest article Irish Examiner, January 2, 2013 The debt crisis in some member states of the European Monetary Union shows once more how closely related bank crises and sovereign debt crises are. However, the details of the crises in the …

Many observers have appreciated the Irish response to the crisis Read more »