(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 »

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IWH Discussion Paper 4/2020, April 09, 2020 Abstract: In this paper, a simple integrated model for the joint assessment of epidemic and economic dynamics is developed. The model can be used to discuss mitigation policies like shutdown and testing. Since …

Integrated Assessment of Epidemic and Economic Dynamics Read more »

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(together with Pao-Yu Oei, Hauke Hermann, Philipp Herpich, Benjamin, Lünenbürger and Christoph Schult), Energy – The International Journal, Volume 196, 2020, 117004. Abstract: The present study examines the consequences of the planned coal phase-out in Germany according to various phase-out …

Coal Phase-out in Germany – Implications and Policies for Affected Regions Read more »

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(together with Joao Claudio and Katja Heinisch), Empirical Economics, forthcoming Abstract: Economic forecasts are an important element of rational economic policy both on the federal and on the local or regional level. Solid budgetary plans for government expenditures and revenues …

Nowcasting East German GDP growth: a MIDAS approach 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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Macroeconomic Dynamics, 2018 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 a standard …

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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(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 »

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