(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 »

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(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 »

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(with Christoph Schult) Historical Social Research 44(2), 2019 and IWH Discussion Paper 15/2018 Abstract: In this paper, we document the forecasting performance of estimated basic dynamic stochastic general equilibrium (DSGE) models and compare this to extended versions which consider alternative …

Expectation Formation, Financial Frictions, and Forecasting Performance of Dynamic Stochastic General Equilibrium Models Read more »

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IWH Discussion Paper 3/2018 (together with Jan-Christopher Scherer) Abstract: In this paper, we investigate to what extend sovereign stress and banking stress have contributed to this increase in the level and in the heterogeneity of nonfinancial firms’ refinancing costs in …

Sovereign Stress, Banking Stress, and the Monetary Transmission Mechanism in the Euro Area Read more »

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Macroeconomic Dynamics 24(6), 2020, 1315-1345 and IWH Discussion Paper 34/2017 (together with Andrej Drygalla and Konstantin Kiesel). Abstract: In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ …

The Effects of Fiscal Policy in an Estimated DSGE Model – The Case of the German Stimulus Packages During the Great Recession Read more »

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How Can We Boost Competition in the Services Sector?

(Ed.) Baden-Baden: Nomos, 270 pages Abstract: ‘How Can We Boost Competition in the Services Sector?’ is a key question in the process of creating a more effi-cient economic environment in Germany. This book contains a collection of conference contributions on …

How Can We Boost Competition in the Services Sector? Read more »

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IWH Discussion Paper 10/2017 (togehter with Geraldine Dany-Knedlik) Abstract: We investigate drivers of Euro area inflation dynamics using a panel of regional Phillips curves and identify long-run inflation expectations by exploiting the crosssectional dimension of the data. Our approach simultaneously …

Inflation Dynamics During the Financial Crisis in Europe: Cross-sectional Identification of Long-run Inflation Expectations Read more »

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(together with Sushanta Mallick), Journal of Asian Economics 46, 2016, 56-70 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 …

Global Food Prices and Monetary Policy in an Emerging Market Economy: The Case of India Read more »

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(together with Martin Altemeyer-Bartscher, Axel Lindner, Andreas Schmalzbauer und Götz Zeddies), in: Intereconomics 51(4), 2016, 220-228 Abstract: The current situation regarding the migration of refugees can only be handled efficiently through closer international cooperation in the field of asylum policy. …

On the Distrubution of Refugees in the EU Read more »

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(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 »

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