(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 …
(together with Rainer Schulz), German Economic Review 11, 2010, 465-486 Abstract: We analyze the behavior of investors in the Berlin rental apartment house market over the years 1980–2004.
International Economics and Economic Policy 2, 2005, 33-63 Abstract: This paper analyzes deviations from uncovered interest rate parity which are interpreted as indicator of the substitutability of currencies.
Empirical Economics 29, 2004, 553-574 Abstract: In this paper, a vector error correction model for Euro area money, prices, output, long-term interest rate and short-term interest rate with three identified cointegration relations is specified.
Applied Economics Quarterly 49, 2003, 359-381 Abstract: In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in Germany during the period from 1985 to 1998 is analyzed.
Jahrbücher für Nationalökonomie und Statistik (Journal of Economics and Statistics) 223, 2003, 257-278 Abstract: This paper contributes to the analysis of the money supply process in Germany during the period of monetary targeting by the Bundesbank from 1975-1998.