Details about Kerstin Bernoth

Access statistics for papers by Kerstin Bernoth.

Last updated 2025-01-27. Update your information in the RePEc Author Service.

Short-id: pbe300

Working Papers

2024

1. Interest Rates, Convenience Yields and Inflation Expectations: Drivers of US Dollar Exchange Rates
   VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges, Verein für Socialpolitik / German Economic Association
   Also in Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2024)

2023

2. Monetary Policy and Mispricing in Stock Markets
   MPRA Paper, University Library of Munich, Germany View citations (2)
   Also in Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2016) View citations (9)
   See also Journal Article Monetary Policy and Mispricing in Stock Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)
3. The Impacts of Global Risk and US Monetary Policy on US Dollar Exchange Rates and Excess Currency Returns
   Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research

2020

4. Currency Futures' Risk Premia and Risk Factors
   Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research
5. ECB and Fed Monetary Policy Measures against the Economic Effects of the Coronavirus Pandemic Have Little Effect
   DIW focus, DIW Berlin, German Institute for Economic Research
6. Geldpolitische Maßnahmen der EZB und der Fed gegen die Corona-Krise wirken wenig
   DIW aktuell, DIW Berlin, German Institute for Economic Research

2019

7. Exchange Rates, Foreign Currency Exposure and Sovereign Risk
   Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (8)
   See also Journal Article Exchange rates, foreign currency exposure and sovereign risk, EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics (2021) View citations (10) (2021)

2018

8. Estimating a Latent Risk Premium in Exchange Rate Futures
   Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research

2016

9. Monetary Policy and Asset Mispricing
   VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association View citations (1)

2015

10. Central Bank Asset Puchases I: The Theory
    DIW Roundup: Politik im Fokus, DIW Berlin, German Institute for Economic Research
11. Large-Scale Asset Purchases by Central Banks II: Empirical Evidence
    DIW Roundup: Politik im Fokus, DIW Berlin, German Institute for Economic Research View citations (2)

2012

12. The forward premium puzzle and latent factors day by day
    VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association View citations (1)
    Also in Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2010) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (4)

2010

13. Drivers of Private Equity Investment in CEE and Western European Countries
    Working Paper / FINESS, DIW Berlin, German Institute for Economic Research View citations (3)
    Also in Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2010) View citations (3)
14. Sovereign Bond Yield Spreads: A Time-Varying Coefficient Approach
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (38)
    Also in Discussion Papers, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics (2010) View citations (54)
    See also Journal Article Sovereign bond yield spreads: A time-varying coefficient approach, Journal of International Money and Finance, Elsevier (2012) View citations (172) (2012)

2009

15. Forecasting the Fragility of the Banking and Insurance Sector
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (3)
    See also Journal Article Forecasting the fragility of the banking and insurance sectors, Journal of Banking & Finance, Elsevier (2011) View citations (28) (2011)

2008

16. Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
17. FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2006) View citations (15)
    CESifo Working Paper Series, CESifo (2006) View citations (14)
    See also Journal Article FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA, Scottish Journal of Political Economy, Scottish Economic Society (2008) View citations (65) (2008)

2007

18. The Forward Premium Puzzle only emerges gradually
    Tinbergen Institute Discussion Papers, Tinbergen Institute

2006

19. Households' response to wealth changes; do gains or losses make a difference
    CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis View citations (21)
    See also Chapter Households' response to wealth changes: do gains or losses make a difference?, IFC Bulletins chapters, Bank for International Settlements (2007) View citations (15) (2007)
20. Sovereign Risk Premiums in the European Government Bond Market
    Discussion Paper Series of 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 (56)
    See also Journal Article Sovereign risk premiums in the European government bond market, Journal of International Money and Finance, Elsevier (2012) View citations (161) (2012)

2004

21. Sovereign Risk Premia in the European Bond Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (135)
22. Sovereign risk premia in the European government bond market
    ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (168)
    Also in Working Paper Series, European Central Bank (2004) View citations (189)

2003

23. The performance of the Euribor futures market: Effficiency and the impact of ECB policy announcements
    ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (3)

Journal Articles

2024

1. 25 Jahre Euro: Viele Krisen gemeistert, viele Herausforderungen stehen an
   DIW Wochenbericht, 2024, 91, (11), 167-174
2. Die EZB muss sich den Herausforderungen stellen, ohne sich politisch einzumischen: Interview
   DIW Wochenbericht, 2024, 91, (11), 175-175
3. Monetary Policy and Mispricing in Stock Markets
   Journal of Money, Credit and Banking, 2024, 56, (7), 1887-1904
   See also Working Paper Monetary Policy and Mispricing in Stock Markets, MPRA Paper (2023) View citations (2) (2023)

2023

4. Die EZB darf nicht zur Geisel des Bankensektors werden: Kommentar
   DIW Wochenbericht, 2023, 90, (13), 160-160
5. Selective Bond Purchases – May the ECB Chose Winners and Losers?
   The Economists' Voice, 2023, 20, (1), 111-118
6. US Inflation Reduction Act Demands Quick Strategic Action from the EU
   DIW Weekly Report, 2023, 13, (6), 53-60
7. US-Investitionspaket Inflation Reduction Act erfordert schnelles strategisches Handeln der EU
   DIW Wochenbericht, 2023, 90, (6), 59-67

2022

8. Activation of New ECB Emergency Program TPI Has Not Yet Been Required
   DIW Weekly Report, 2022, 12, (40), 249-256 View citations (2)
9. Die EZB-Geldpolitik in der Zwickmühle
   (ECB Monetary Policy in a Quandary)
   Wirtschaftsdienst, 2022, 102, (6), 423-425
10. Einsatz des neuen EZB-Notfallprogramms TPI bisher nicht erforderlich
    DIW Wochenbericht, 2022, 89, (40), 511-519
11. Preiskontrollen eignen sich nicht, um die Inflation zu bekämpfen: Kommentar
    DIW Wochenbericht, 2022, 89, (7), 120-120
12. The Term Structure of Currency Futures' Risk Premia
    EconStor Open Access Articles and Book Chapters, 2022, 54, (1), 5-38 View citations (3)
    Also in Journal of Money, Credit and Banking, 2022, 54, (1), 5-38 (2022) View citations (3)
13. Wir sehen die Gefahr, dass sich die EZB politischem Druck aussetzt: Interview
    DIW Wochenbericht, 2022, 89, (40), 520-520

2021

14. Die Inflation geht wieder zurück, sobald die Einmaleffekte abebben: Interview
    DIW Wochenbericht, 2021, 88, (42), 705-705
15. Exchange rates, foreign currency exposure and sovereign risk
    EconStor Open Access Articles and Book Chapters, 2021, 117, - View citations (10)
    Also in Journal of International Money and Finance, 2021, 117, (C) (2021) View citations (8)
    See also Working Paper Exchange Rates, Foreign Currency Exposure and Sovereign Risk, Discussion Papers of DIW Berlin (2019) View citations (8) (2019)
16. Inflation im Euroraum: Faktoren wirken meist nur temporär, aber Risiko für länger erhöhte Inflation vorhanden
    DIW Wochenbericht, 2021, 88, (42), 695-704 View citations (1)
17. Inflation in the Euro Area: Factors Mostly Have Only a Temporary Effect, but Risk of Prolonged Elevated Inflation Remains
    DIW Weekly Report, 2021, 11, (41/42), 315-323 View citations (1)
18. Keine Angst vor Inflationsgespenstern aus den USA: Kommentar
    DIW Wochenbericht, 2021, 88, (16), 288-288

2020

19. Identifying Effective Combinations of Economic Policy Measures for the Coronavirus Recession in Europe
    DIW Weekly Report, 2020, 10, (23), 263-273
20. Wirtschaftspolitische Maßnahmen gegen die Corona-Krise in Europa wirken vor allem im Zusammenspiel
    DIW Wochenbericht, 2020, 87, (23), 387-397

2019

21. Mehr Ökonominnen braucht das Land!: Kommentar
    DIW Wochenbericht, 2019, 86, (25), 452-452

2016

22. ECB Asset Purchases May Affect Wealth Distribution
    DIW Economic Bulletin, 2016, 6, (7), 75-81 View citations (1)
23. EZB-Anleihekäufe können Vermögensverteilung beeinflussen
    DIW Wochenbericht, 2016, 83, (7), 127-134 View citations (1)
24. The Eurosystem's Agreement on Net Financial Assets (ANFA): Covert Monetary Financing or Legitimate Portfolio Management?
    DIW Economic Bulletin, 2016, 6, (12/13), 141-150 View citations (1)
25. Verdeckte Staatsfinanzierung oder erlaubte Portfoliosteuerung? Das ANFA-Abkommen des Eurosystems
    DIW Wochenbericht, 2016, 83, (12/13), 243-252

2015

26. THE CYCLICALITY OF AUTOMATIC AND DISCRETIONARY FISCAL POLICY: WHAT CAN REAL-TIME DATA TELL US?
    Macroeconomic Dynamics, 2015, 19, (1), 221-243 View citations (17)
27. Unbekanntes Terrain: Anleihekäufe der Europäischen Zentralbank
    DIW Wochenbericht, 2015, 82, (13), 307-316
28. Unchartered Territory: Large-Scale Asset Purchases by the European Central Bank
    DIW Economic Bulletin, 2015, 5, (13), 189-198 View citations (1)

2014

29. Fiscal Devaluation: Economic Stimulus for Crisis Countries in the Euro Area
    DIW Economic Bulletin, 2014, 4, (10), 12-18 View citations (6)
30. Fiskalische Abwertung: wirtschaftlicher Impuls für die Krisenländer im Euroraum
    DIW Wochenbericht, 2014, 81, (39), 916-922 View citations (5)
31. Inflationserwartungen im Euroraum sind nicht mehr fest verankert: neue Maßnahmen der EZB-Geldpolitik
    DIW Wochenbericht, 2014, 81, (37), 856-867
32. Schwache Preisentwicklung und Deflationsgefahr im Euroraum: Grenzen der konventionellen Geldpolitik
    DIW Wochenbericht, 2014, 81, (12), 235-249
33. The macroeconomic determinants of private equity investment: a European comparison
    Applied Economics, 2014, 46, (11), 1170-1183 View citations (4)
34. Weak Inflation and Threat of Deflation in the Euro Area: Limits of Conventional Monetary Policy
    DIW Economic Bulletin, 2014, 4, (5), 15-28 View citations (2)

2013

35. A Transfer Mechanism as a Stabilization Tool in the EMU
    DIW Economic Bulletin, 2013, 3, (1), 3-8 View citations (11)
36. Deutschland muss mehr in seine Zukunft investieren
    DIW Wochenbericht, 2013, 80, (26), 3-5 View citations (3)
37. Germany Must Invest More in Its Future
    DIW Economic Bulletin, 2013, 3, (8), 3-4 View citations (7)
38. More Growth through Higher Investment
    DIW Economic Bulletin, 2013, 3, (8), 5-16 View citations (6)
39. Wege zu einem höheren Wachstumspfad
    DIW Wochenbericht, 2013, 80, (26), 6-17 View citations (11)

2012

40. "Grüne" Investitionen in einem europäischen Wachstumspaket
    DIW Wochenbericht, 2012, 79, (25), 3-9
41. Konjunkturelle Ausgleichszahlungen als Stabilisierungsinstrument in der Europäischen Währungsunion
    DIW Wochenbericht, 2012, 79, (44), 3-8
42. Sovereign bond yield spreads: A time-varying coefficient approach
    Journal of International Money and Finance, 2012, 31, (3), 639-656 View citations (172)
    See also Working Paper Sovereign Bond Yield Spreads: A Time-Varying Coefficient Approach, Discussion Papers of DIW Berlin (2010) View citations (38) (2010)
43. Sovereign risk premiums in the European government bond market
    Journal of International Money and Finance, 2012, 31, (5), 975-995 View citations (161)
    See also Working Paper Sovereign Risk Premiums in the European Government Bond Market, Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems (2006) View citations (56) (2006)
44. Verunsicherung und hohe Schulden bremsen Wachstum
    DIW Wochenbericht, 2012, 79, (1/2), 2-30 View citations (1)

2011

45. Die Zukunft des internationalen Währungssystems
    DIW Wochenbericht, 2011, 78, (37/38), 11-18 View citations (2)
46. Forecasting the fragility of the banking and insurance sectors
    Journal of Banking & Finance, 2011, 35, (4), 807-818 View citations (28)
    See also Working Paper Forecasting the Fragility of the Banking and Insurance Sector, Discussion Papers of DIW Berlin (2009) View citations (3) (2009)
47. Kommt die Finanztransaktionssteuer?: Kommentar
    DIW Wochenbericht, 2011, 78, (42), 16-16
48. The Future of the International Monetary System
    DIW Economic Bulletin, 2011, 1, (4), 11-17 View citations (2)

2010

49. Die Internationalisierung des chinesischen Renminbi: eine Chance für China
    DIW Wochenbericht, 2010, 77, (20), 10-15 View citations (1)
50. Internationalization of the Chinese Renminbi: An Opportunity for China
    Weekly Report, 2010, 6, (17), 126-132 View citations (3)
51. Zinsspreads auf europäische Anleihen: Finanzmärkte verstärken Druck zu mehr Haushaltsdisziplin
    DIW Wochenbericht, 2010, 77, (51/52), 12-18
52. Zinsspreads auf europäische Staatsanleihen: Implikationen und Lehren aus der europäischen Schuldenkrise
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2010, 79, (4), 103-118

2008

53. FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA
    Scottish Journal of Political Economy, 2008, 55, (4), 465-487 View citations (65)
    See also Working Paper FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA, ULB Institutional Repository (2008) (2008)

2004

54. The Euribor Futures Market: Efficiency and the Impact of ECB Policy Announcements
    International Finance, 2004, 7, (1), 1-24 View citations (80)

Books

2024

1. ECB Monetary Policy. Past, Present and Future
   WIFO Studies, WIFO
   Also in WIFO Studies, WIFO (2024)

2021

2. Instruments of a strategic foreign economic policy
   Bruegel Book, Bruegel View citations (1)

2019

3. Happy Birthday? The Euro at 20, vol 134
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research

2018

4. Negative Interest Rates and the Signalling Channel: In-Depth Analysis, vol 130
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research View citations (3)

2017

5. Monetary Policy Implications of Financial Innovation: In-Depth Analysis, vol 120
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research View citations (2)

2016

6. Effectiveness of the ECB Programme of Asset Purchases: Where Do We Stand? In-Depth Analysis, vol 113
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research View citations (4)
7. Implications for the Euro Area of Divergent Monetary Policy Stances by the Fed and the ECB - The Role of Financial Spillovers: In-Depth Analysis, vol 107
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research View citations (3)

2015

8. Quantitative Easing - What Are the Side Effects on Income and Wealth Distribution: In-Depth Analysis, vol 99
   DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research View citations (8)

Chapters

2015

1. Fiscal Risk Sharing and Stabilization in the EMU
   Palgrave Macmillan View citations (1)

2007

2. Households' response to wealth changes: do gains or losses make a difference?
   A chapter in Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1, 2007, vol. 25, pp 145-160 View citations (15)
   See also Working Paper Households' response to wealth changes; do gains or losses make a difference, CPB Netherlands Bureau for Economic Policy Analysis (2006) View citations (21) (2006)