Details about Juergen von Hagen

E-mail:
Homepage:	http://www.iiw.uni-bonn.de
Phone:	+49-228-739199
Postal address:	Institut f. Internationale Wirtschaftspolitik Lennestrasse 37 D-53113 Bonn Germany
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Department of Business Economics and Public Policy, Kelley School of Business, Indiana University, (more information at EDIRC) Wirtschaftswissenschaftlicher Fachbereich (Economics Department), Rheinische Friedrich-Wilhelms-Universität, (more information at EDIRC)

Access statistics for papers by Juergen von Hagen.

Last updated 2009-08-18. Update your information in the RePEc Author Service.

Short-id: pvo15

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Working Papers

2009

1. Current Account Imbalances and Financial Integration in the Euro Area
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
2. Fiscal Federalism in Germany: Stabilization and Redistribution Before and After Unification
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2008

3. Does Interbank Borrowing Reduce Bank Risk?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich (2007)
   See also Journal Article in Journal of Money, Credit and Banking (2009)
4. Fear of Floating and Pegging: A Simultaneous Choice Model of De Jure and De Facto Exchange Rate Regimes
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
5. Government risk premiums in the bond market. EMU and Canada
   Working Paper Series, European Central Bank View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007)
6. Managing Capital Flows: Experiences from Central and Eastern Europe
   Papers, Economic and Social Research Institute (ESRI)
7. The Role of Contracting Schemes for Assessing the Welfare Costs of Nominal Rigidities
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2007

8. Exchange Rate Determination: A Model of the Decisive Role of Central Bank Cooperation and Conflict
   Bonn Econ Discussion Papers, University of Bonn, Germany
   Also in Bonn Econ Discussion Papers, University of Bonn, Germany (2007)
9. The Forward Premium Puzzle only emerges gradually
   Tinbergen Institute Discussion Papers, Tinbergen Institute
10. The Forward Premium Puzzle: new evidence from futures contracts
    DNB Working Papers, Netherlands Central Bank, Research Department

2006

11. Budget Processes: Theory and Experimental Evidence
    Caepr Working Papers, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2004)
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich (2006)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001)
    CIRANO Working Papers, CIRANO (1999)
    See also Journal Article in Games and Economic Behavior (2007)
12. Experimental Evidence on the Benefits of Eliminating Exchange Rate Uncertainties and Why Expected Utility Theory causes Economists to Miss Them
    Labsi Experimental Economics Laboratory University of Siena, University of Siena
13. Fear of Floating and Fear of Pegging: An Empirical Analysis of De Facto Exchange Rate Regimes in Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
14. Financial Liberalization in a Small Open Economy
    CESifo Working Paper Series, CESifo Group Munich View citations
    See also Journal Article in Open Economies Review (2006)
15. Fiscal Rules and Fiscal Performance in the EU and Japan
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations
16. Sovereign Risk Premiums in the European Government Bond Market
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations
17. The Interaction Between Capital Controls and Exchange Rate Regimes: Evidence from Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in International Economic Journal (2008)
18. The design of fiscal rules and forms of governance in European Union countries
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations
    Also in Working Paper Series, European Central Bank (2004) View citations
    See also Journal Article in European Journal of Political Economy (2007)
19. What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre (2004) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations
    See also Journal Article in Journal of Banking & Finance (2006)

2005

20. Political Economy of Fiscal Institutions
    Discussion Papers, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich
21. Sovereign Risk Premia in the EU Bond Market
    Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group

2004

22. Budgetary Forecasts in Europe – The Track Record of Stability and Convergence Programmes
    Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces View citations
    Also in Working Paper Series, European Central Bank (2004) View citations
23. Money Market Pressure and the Determinants of Banking Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Money, Credit and Banking (2007)
24. Sovereign Risk Premia in the European Bond Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
25. Sovereign risk premia in the European government bond market
    Working Paper Series, European Central Bank View citations
26. The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
27. The Risk Alleviating Role of Interbank Market Lending in Central and Eastern European Countries
    Econometric Society 2004 Far Eastern Meetings, Econometric Society

2002

28. Fiscal and Monetary Policy Coordination in EMU
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2002) View citations
    See also Journal Article in International Journal of Finance & Economics (2003)
29. The Choice of Exchange Rate Regimes: An Empirical Analysis for Transition Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Economics of Transition (2005)

2001

30. Budgetary Consolidation in EMU
    European Economy - Economic Papers, Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN) View citations
31. Regional Risksharing and Redistribution in the German Federation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2000

32. East Germany: Transition With Unification - Experiments and Experiences
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
33. Monetary Union and Fiscal Federalism
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
34. Subnational Government Bailouts in OECD Countries: Four Case Studies
    RES Working Papers, Inter-American Development Bank, Research Department View citations

1998

35. Macroeconomic Policy and Institutions During the Transition to European Union Membership
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
36. Money Growth Targeting
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations
37. Petersberger Erklaerung: Anstoesse fuer eine zukunftsgerichtete Arbeitsmarktpolitik
    IZA Discussion Papers, Institute for the Study of Labor (IZA)

1997

38. Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
39. Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
40. Sequencing and the Size of the Budget: A Reconsideration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
41. Sustainability of Public Finances
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1996

42. Budget Processes and Commitment to Fiscal Discipline
    IMF Working Papers, International Monetary Fund View citations
    See also Journal Article in European Economic Review (1995)
43. Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Budgetary Restrictions?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1995

44. East Germany: The Economics of Kinship
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
45. Fiscal Policy and Monetary Union: Federalism, Fiscal Restrictions and the No-Bailout Rule
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations
46. Inflation and Monetary Targeting in Germany
    Working Papers, American Institute for Contemporary German Studies- View citations
47. Reciprocity and Inflation in Federal Monetary Unions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
48. Regional Insurance Against Asymmetric Shocks. An Empirical Study for the European Community
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Manchester School of Economic & Social Studies (1998)
49. The Strategy of Monetary Targeting: Can the German Experience Provide a Model for the ECB?
    Discussion Paper Serie B, University of Bonn, Germany View citations

1994

50. Central Bank Constitutions for Monetary Unions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
51. Industrial Localization. An Empirical Test for Marshallian Localization Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
52. Social Security and Migration in an Ageing Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1993

53. Central Banking as a Political Principal-Agent Problem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Economic Inquiry (1997)

1992

54. Budgeting Procedures and Fiscal Performance in the European Communities
    European Economy - Economic Papers, Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN) View citations
55. From EMS to EMU
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
56. Monetary Union, Money Demand and Money Supply: A Review of the German Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in European Economic Review (1993)
57. Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Review of Economics and Statistics (1994)
58. The Maastricht Way to EMU
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations

1988

59. Properties of the Philipps-curve in a two signals world
    Discussion Paper Serie A, University of Bonn, Germany

1987

60. Relative price risk in an open economy with flexible exchange rates
    Discussion Paper Serie A, University of Bonn, Germany View citations
61. Relative price risk in the open economy-the case of fixed exchange rates
    Working Papers, Federal Reserve Bank of St. Louis

1986

62. An aggregate supply function for the open economy with flexible exchange rates
    Discussion Paper Serie A, University of Bonn, Germany View citations
63. Instability versus dynamics: A study in West German demand for money
    Discussion Paper Serie A, University of Bonn, Germany View citations
    See also Journal Article in Journal of Macroeconomics (1988)

Undated

64. A note on the empirical effectiveness of formal fiscal restraints
    Discussion Paper Serie B, University of Bonn, Germany
    See also Journal Article in Journal of Public Economics (1991)
65. Currency substitution and the demand for money
    Discussion Paper Serie B, University of Bonn, Germany
66. Monetary and fiscal policy in a European Monetary Union Some public choice consideration
    Discussion Paper Serie B, University of Bonn, Germany View citations
67. Monetary policy coordination in the european monetary system
    Discussion Paper Serie B, University of Bonn, Germany View citations

Journal Articles

2009

1. Does Interbank Borrowing Reduce Bank Risk?
   Journal of Money, Credit and Banking, 2009, 41, (2-3), 491-506
   See also Working Paper (2008)

2008

2. A Welfare Analysis of Capital Account Liberalization
   Review of International Economics, 2008, 16, (3), 576-590
3. Financial frictions, capital reallocation, and aggregate fluctuations
   Journal of Economic Dynamics and Control, 2008, 32, (3), 978-999
4. Petersberger Erklärung Anstöße für eine zukunftsgerichtete Arbeitsmarktpolitik
   Wirtschaftsdienst, 2008, 88, (12), 814-815
5. The interaction between capital controls and exchange rate regimes: evidence from developing countries
   International Economic Journal, 2008, 22, (2), 163-185
   See also Working Paper (2006)

2007

6. Budget processes: Theory and experimental evidence
   Games and Economic Behavior, 2007, 59, (2), 279-295
   See also Working Paper (2006)
7. Institutionelle Gestaltung föderaler Systeme: Theorie und Empirie
   Perspektiven der Wirtschaftspolitik, 2007, 8, (2), 109-109
8. Money Market Pressure and the Determinants of Banking Crises
   Journal of Money, Credit and Banking, 2007, 39, (5), 1037-1066 View citations
   See also Working Paper (2004)
9. The choice of exchange rate regimes in developing countries: A multinomial panel analysis
   Journal of International Money and Finance, 2007, 26, (7), 1071-1094 View citations
10. The design of fiscal rules and forms of governance in European Union countries
    European Journal of Political Economy, 2007, 23, (2), 338-359 View citations
    See also Working Paper (2006)

2006

11. A tribute to the founders
    European Economic Review, 2006, 50, (1), v-v
12. Financial Liberalization in a Small Open Economy
    Open Economies Review, 2006, 17, (4), 373-398 View citations
    See also Working Paper (2006)
13. Fiscal Rules and Fiscal Performance in the European Union and Japan
    Monetary and Economic Studies, 2006, 24, (1), 25-60 View citations
14. Introduction
    International Tax and Public Finance, 2006, 13, (4), 301-302 View citations
15. Perspectives on Monetary, Financial, and Economic Integration: Editor’s Introduction
    Open Economies Review, 2006, 17, (4), 363-364
16. What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU
    Journal of Banking & Finance, 2006, 30, (12), 3259-3279 View citations
    See also Working Paper (2006)

2005

17. De facto and official exchange rate regimes in transition economies
    Economic Systems, 2005, 29, (2), 256-275 View citations
18. The choice of exchange rate regime: "An empirical analysis for transition economies" *
    The Economics of Transition, 2005, 13, (4), 679-703 View citations
    See also Working Paper (2002)
19. The determination of capital controls: Which role do exchange rate regimes play?
    Journal of Banking & Finance, 2005, 29, (1), 227-248 View citations

2004

20. Hat die Geldmenge ausgedient?
    Perspektiven der Wirtschaftspolitik, 2004, 5, (4), 423-453 View citations
21. Macroeconomic implications of low inflation in the euro area
    The North American Journal of Economics and Finance, 2004, 15, (1), 5-23 View citations
22. The Euribor Futures Market: Efficiency and the Impact of ECB Policy Announcements
    International Finance, 2004, 7, (1), 1-24 View citations

2003

23. Fiscal and monetary policy coordination in EMU
    International Journal of Finance & Economics, 2003, 8, (4), 279-295 View citations
    See also Working Paper (2002)

2002

24. Budgetary Consolidation in Europe: Quality, Economic Conditions, and Persistence
    Journal of the Japanese and International Economies, 2002, 16, (4), 512-535 View citations
25. Does inflation targeting matter?
    Review, 2002, (Jul), 127-148 View citations
26. Fiscal Rules, Fiscal Institutions, and Fiscal Performance
    The Economic and Social Review, 2002, 33, (3), 263-284 View citations
27. Monetary and Fiscal Policy in the European Monetary Union
    Monetary and Economic Studies, 2002, 20, (S1), 123-54 View citations

2001

28. Central bank operations: auction theory and empirical evidence
    Journal of International Money and Finance, 2001, 20, (6), 737-741 View citations
29. Fiscal Consolidations: Quality, Economic Conditions, and Success
    Public Choice, 2001, 109, (3-4), 327-46 View citations
30. The Konstanz Seminar on monetary theory and policy at 30
    European Journal of Political Economy, 2001, 17, (3), 641-664 View citations

2000

31. Koordinierung der Geld- und Fiskalpolitik in der EWU
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2002, 71, (3), 325-338
32. Vorwort der Herausgeber
    Perspektiven der Wirtschaftspolitik, 2000, 1, (1), 3-4

1999

33. Macroeconomic Consequences of the EMU
    Empirica, 1999, 26, (4), 359-374
34. Money growth targeting by the Bundesbank
    Journal of Monetary Economics, 1999, 43, (3), 681-701 View citations
35. Reforming Budgetary Institutions in Latin America: The Case for a National Fiscal Council
    Open Economies Review, 1999, 10, (4), 415-442 View citations

1998

36. Central Bank Policy in a More Perfect Financial System
    Open Economies Review, 1998, 9, (1), 493-532 View citations
37. Regional Insurance against Asymmetric Shocks: An Empirical Study for the European Community
    The Manchester School of Economic & Social Studies, 1998, 66, (3), 331-53 View citations
    See also Working Paper (1995)

1997

38. Central Banking as a Political Principal-Agent Problem
    Economic Inquiry, 1997, 35, (2), 378-93 View citations
    See also Working Paper (1993)
39. European Monetary Unification: Implications of Research for Policy, Implications of Policy for Research
    Open Economies Review, 1997, 8, (1), 71-90 View citations

1996

40. Federalism, Fiscal Restraints, and European Monetary Union
    American Economic Review, 1996, 86, (2), 134-38 View citations
41. Fiscal and monetary policy on the way to EMU
    Open Economies Review, 1996, 7, (4), 299-325 View citations

1995

42. Budget processes and commitment to fiscal discipline
    European Economic Review, 1995, 39, (3-4), 771-779 View citations
    See also Working Paper (1996)

1994

43. Central bank constitutions for federal monetary unions
    European Economic Review, 1994, 38, (3-4), 774-782 View citations
44. Real Exchange Rates within and between Currency Areas: How Far Away Is EMU?
    The Review of Economics and Statistics, 1994, 76, (2), 236-44 View citations
    See also Working Paper (1992)

1993

45. European monetary union and central bank independence
    Regional Science and Urban Economics, 1993, 23, (3), 401-425 View citations
46. Monetary union, money demand, and money supply: A review of the German monetary union
    European Economic Review, 1993, 37, (4), 803-827 View citations
    See also Working Paper (1992)

1992

47. German dominance in the EMS:The empirical evidence
    Open Economies Review, 1992, 3, (1), 127-128 View citations
48. German unification: Economic problems and consequences: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1992, 36, (1), 211-221 View citations
49. Policy-Delegation and Fixed Exchange Rates
    International Economic Review, 1992, 33, (4), 849-70 View citations
50. Testing the Satisficing Version of the Political Business Cycle: 1905-1984
    Public Choice, 1992, 73, (1), 21-35

1991

51. A note on the empirical effectiveness of formal fiscal restraints
    Journal of Public Economics, 1991, 44, (2), 199-210 View citations
    See also Working Paper
52. Asset prices and public information: An empirical investigation in the market for automobiles
    European Economic Review, 1991, 35, (8), 1529-1542
53. Conditional Relative Price Variance and Its Determinants: Open Economy Evidence from Germany
    International Economic Review, 1991, 32, (1), 195-208 View citations
54. German dominance in the EMS: a correction
    Journal of International Money and Finance, 1991, 10, (4), 594-594

1990

55. German dominance in the EMS
    Open Economies Review, 1990, 1, (1), 67-87 View citations
56. German dominance in the EMS: evidence from interest rates
    Journal of International Money and Finance, 1990, 9, (4), 358-375 View citations
57. Policy effectiveness in an open multi-market economy with risk neutral exchange rate speculation
    Journal of International Money and Finance, 1990, 9, (2), 110-122
58. Relative price risk in an open economy with fixed and flexible exchange rates
    Open Economies Review, 1990, 1, (3), 269-289
59. Testing for political business cycles
    Journal of Policy Modeling, 1990, 12, (1), 35-59
60. The European Monetary System ten years after
    Carnegie-Rochester Conference Series on Public Policy, 1990, 32, (1), 173-241 View citations

1989

61. Monetary targeting with exchange rate constraints: the Bundesbank in the 1980's
    Review, 1989, (Sep), 53-69 View citations
62. Relative Commodity Prices and Cointegration
    Journal of Business & Economic Statistics, 1989, 7, (4), 497-503

1988

63. Alternative operating regimes for money stock control in West Germany: An empirical evaluation
    Review of World Economics (Weltwirtschaftliches Archiv), 1988, 124, (1), 89-107
64. Instability versus dynamics: A study in West German demand for money
    Journal of Macroeconomics, 1988, 10, (3), 327-349 View citations
    See also Working Paper (1986)

1984

65. The causal role of money in West Germany — Some contradicting comments and evidence
    Review of World Economics (Weltwirtschaftliches Archiv), 1984, 120, (3), 558-571

Books

2006

1. Macroeconomic Adjustment in the New EU Member States
   SUERF Studies, SUERF - The European Money and Finance Forum

1999

2. Fiscal Institutions and Fiscal Performance
   NBER Books, National Bureau of Economic Research, Inc

Chapters

1999

1. Introduction to "Fiscal Institutions and Fiscal Performance"
   A chapter in Fiscal Institutions and Fiscal Performance, 1999, pp 1-12

Editor

1. European Economic Review
   Elsevier
2. Perspektiven der Wirtschaftspolitik
   Blackwell Publishing