Details about Daniel Gros

Homepage:	http://www.ceps.eu/member/daniel-gros
Phone:	+32496555492
Postal address:	Place du Congres 1 B 1000 Brussels
Workplace:	Centre for European Policy Studies (CEPS), (more information at EDIRC)

Access statistics for papers by Daniel Gros.

Last updated 2022-08-10. Update your information in the RePEc Author Service.

Short-id: pgr293

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Working Papers

2022

1. A (E)U-turn from Nord Stream 2 towards a European Strategic Gas Reserve
   CEPS Papers, Centre for European Policy Studies
2. A qualified treatment for green and social investments within a revised EU fiscal framework
   CEPS Papers, Centre for European Policy Studies
3. Optimal tariff versus optimal sanction: The case of European gas imports from Russia
   CEPS Papers, Centre for European Policy Studies View citations (11)
4. Planned Fiscal Consolidation and Under-Estimated Multipliers: Revisiting the Evidence and Relevance for the Euro Area
   EconPol Policy Reports, ifo Institute - Leibniz Institute for Economic Research at the University of Munich
5. The Recovery and Resilience Facility: A springboard for a renaissance of public investments in Europe?
   CEPS Papers, Centre for European Policy Studies
   Also in EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2021)
6. When the taps are turned off: How to get Europe through the next winter without Russian gas
   CEPS Papers, Centre for European Policy Studies
7. When to end a lock down? How fast must vaccination campaigns proceed in order to keep health costs in check?
   Papers, arXiv.org

2021

8. Containment efficiency and control strategies for the Corona pandemic costs
   Papers, arXiv.org View citations (9)
9. High Public Debt in an Uncertain World: Post-Covid-19 Dangers for Public Finance
   EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich
10. How Fast Must Vaccination Campaigns Proceed in Order to Beat Rising Covid-19 Infection Numbers?
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (2)
11. Incentives for Accelerating the Production of Covid-19 Vaccines in the Presence of Adjustment Costs
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (2)
    Also in Papers, arXiv.org (2021) View citations (2)
12. Labour market responses to the Covid-19 crisis in the United States and Europe
    CEPS Papers, Centre for European Policy Studies View citations (5)
13. Lockdowns and the US Unemployment Crisis
    IZA Policy Papers, Institute of Labor Economics (IZA) View citations (9)
    See also Journal Article Lockdowns and the US Unemployment Crisis, Economics of Disasters and Climate Change, Springer (2021) View citations (9) (2021)
14. The economics of stop-and-go epidemic control
    Papers, arXiv.org View citations (1)
    See also Journal Article The economics of stop-and-go epidemic control, Socio-Economic Planning Sciences, Elsevier (2022) (2022)

2020

15. The Euro area imbalances narrative in a Franco-German perspective: The importance of the longer-run view
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen
    See also Journal Article The Euro Area Imbalances Narrative in a Franco-German Perspective: The Importance of the Longer-Run View, The Economists' Voice, De Gruyter (2020) (2020)
16. The Insurance Properties of Common Debt Issuance
    EconPol Policy Reports, ifo Institute - Leibniz Institute for Economic Research at the University of Munich
17. The global dimensions of macroprudential policy
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (9)
18. Towards a new MFF - New priorities and their impact on Italy
    CEPS Papers, Centre for European Policy Studies

2019

19. Applying nominal expenditure rules in the euro area
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (1)
20. Government debt in times of low interest rates: the case of Europe
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (7)
21. Preparing for the next MFF: Where did the money go in the past?
    Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli
22. QE in the euro area: Has the PSPP benefited peripheral bonds?
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (7)
    See also Journal Article QE in the euro area: Has the PSPP benefited peripheral bonds?, Journal of International Financial Markets, Institutions and Money, Elsevier (2021) View citations (2) (2021)

2017

23. A European Monetary Fund: Why and how?
    CEPS Papers, Centre for European Policy Studies View citations (2)
24. Banks as Buyers of Last Resort for Government Bonds?
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (6)
    Also in CEPS Papers, Centre for European Policy Studies (2017) View citations (6)
25. Business Cycle Synchronization in the EMU: Core vs. Periphery
    GLO Discussion Paper Series, Global Labor Organization (GLO) View citations (57)
    Also in Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2016) View citations (19)
    ROME Working Papers, ROME Network (2016) View citations (24)
    See also Journal Article Business Cycle Synchronization in the EMU: Core vs. Periphery, Open Economies Review, Springer (2017) View citations (57) (2017)
26. Greece and the Troika – Lessons from international best practice cases of successful price (and wage) adjustment
    ROME Working Papers, ROME Network View citations (2)
    Also in CEPS Papers, Centre for European Policy Studies (2017) View citations (2)
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2017) View citations (3)
    See also Journal Article Greece and the Troika – Lessons from International Best Practice Cases of Successful Price (and Wage) Adjustment, European Journal of Comparative Economics, Cattaneo University (LIUC) (2017) View citations (1) (2017)
27. How to strengthen the European Semester?
    CEPS Papers, Centre for European Policy Studies View citations (7)
28. Implications of the Expanding Use of Cash for Monetary Policy
    CEPS Papers, Centre for European Policy Studies View citations (7)
29. One Market, One Money – A Mistaken Argument (post factum)?
    CEPS Papers, Centre for European Policy Studies
30. Optimal Adjustment Paths in a Monetary Union
    ROME Working Papers, ROME Network View citations (10)
    Also in ROME Working Papers, ROME Network (2016) View citations (1)
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2016) View citations (1)
    See also Journal Article Optimal adjustment paths in a monetary union, Economic Modelling, Elsevier (2017) View citations (10) (2017)
31. Revisiting Sanctions on Russia and Counter-Sanctions on the EU: The economic impact three years later
    CEPS Papers, Centre for European Policy Studies View citations (5)
32. Target imbalances at record levels: Should we worry?
    CEPS Papers, Centre for European Policy Studies View citations (3)
33. The Future of Eurozone Fiscal Governance
    EconPol Policy Reports, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (5)
34. The Instruments providing Macro-Financial Support to EU Member States
    CEPS Papers, Centre for European Policy Studies View citations (2)
35. The Single Monetary Policy and Its Decentralised Implementation: An assessment
    CEPS Papers, Centre for European Policy Studies View citations (1)
36. The economic impact of Brexit: Evidence from modelling free trade agreements
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (10)
    See also Journal Article The Economic Impact of Brexit: Evidence from Modelling Free Trade Agreements, Atlantic Economic Journal, Springer (2017) View citations (10) (2017)
37. Tightening by Stealth: Why keeping the balance sheet of the Federal Reserve constant is equivalent to a gradual exit
    CEPS Papers, Centre for European Policy Studies

2016

38. (When) should a non-euro country join the banking union?
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (5)
    See also Journal Article (When) should a non-euro country join the banking union?, The Journal of Economic Asymmetries, Elsevier (2016) View citations (5) (2016)
39. A radical cure for Italy’s banking problems: A combination of good banks and soft bail-in
    CEPS Papers, Centre for European Policy Studies View citations (2)
40. Adjustment within the Euro Area: Is it all about competitiveness?
    CEPS Papers, Centre for European Policy Studies View citations (9)
41. Are Germans wasting their savings abroad?
    CEPS Papers, Centre for European Policy Studies View citations (1)
42. Can Germany save Italy?
    CEPS Papers, Centre for European Policy Studies
43. Did quantitative easing affect interest rates outside the US? New evidence based on interest rate differentials
    CEPS Papers, Centre for European Policy Studies View citations (12)
    Also in Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2016) View citations (12)
44. Is globalisation really fuelling populism?
    CEPS Papers, Centre for European Policy Studies View citations (3)
45. Is there a need for additional monetary stimulus? Insights from the original Taylor Rule
    CEPS Papers, Centre for European Policy Studies View citations (4)
46. Negative Rates and Seigniorage: Turning the central bank business model upside down? The special case of the ECB
    CEPS Papers, Centre for European Policy Studies View citations (11)
    Also in CEPS Papers, Centre for European Policy Studies (2016) View citations (6)
47. The ECB’s latest gimmick: Cash for loans
    CEPS Papers, Centre for European Policy Studies View citations (1)
48. The Globalisation Litany
    CEPS Papers, Centre for European Policy Studies
49. The Negative Rates Club
    CEPS Papers, Centre for European Policy Studies
50. The Stabilisation Properties of a European Unemployment Benefit Scheme
    CEPS Papers, Centre for European Policy Studies View citations (4)
51. Too late, too sudden: Transition to a low-carbon economy and systemic risk
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (21)
52. Ultra-low or Negative Yields on Euro-Area Long-term Bonds: Causes and Implications for Monetary Policy
    CEPS Papers, Centre for European Policy Studies

2015

53. Addressing the immediate needs of the Greek banks
    CEPS Papers, Centre for European Policy Studies
54. Banking Union as a Shock Absorber
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (15)
    Also in ROME Working Papers, ROME Network (2015) View citations (12)
55. Completing the Banking Union: Deposit Insurance
    CEPS Papers, Centre for European Policy Studies View citations (7)
56. Monetary policy and the over-investment cycle: China as an extreme case
    CEPS Papers, Centre for European Policy Studies View citations (2)
57. Puerto Rico and Greece: A tale of two defaults in a monetary union
    CEPS Papers, Centre for European Policy Studies View citations (1)
58. Restructuring the Greek banking sector with an empty purse
    CEPS Papers, Centre for European Policy Studies View citations (1)
59. The Economic Impact of Sanctions against Russia: Much ado about very little
    CEPS Papers, Centre for European Policy Studies View citations (1)
60. The End of German Hegemony
    CEPS Papers, Centre for European Policy Studies
61. The Greek economy is unlikely to benefit from further devaluation
    CEPS Papers, Centre for European Policy Studies
62. The Greek elections and the third bailout programme: Why it could work this time round
    CEPS Papers, Centre for European Policy Studies
63. The QE Placebo
    CEPS Papers, Centre for European Policy Studies
64. What caused the eurozone crisis?
    CEPS Papers, Centre for European Policy Studies View citations (3)
65. What signal from the Fed? Should the ECB ease further?
    CEPS Papers, Centre for European Policy Studies View citations (1)
66. Where is the credit crunch in Greece?
    CEPS Papers, Centre for European Policy Studies
67. Why Greece declined a euro holiday
    CEPS Papers, Centre for European Policy Studies
68. Why Greece is different
    CEPS Papers, Centre for European Policy Studies View citations (1)
69. Will the Single Resolution Fund be a ‘baby tiger’ during the transition?
    CEPS Papers, Centre for European Policy Studies

2014

70. Allocating macro-prudential powers
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (1)
71. Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area
    ROME Working Papers, ROME Network View citations (9)
72. Implementation of the Macroeconomic Adjustment Programmes in the Euro Area: State-of-Play
    CEPS Papers, Centre for European Policy Studies View citations (22)
73. Implications of EU Governance Reforms: Rationale and Practical Application
    ETLA Reports, The Research Institute of the Finnish Economy View citations (4)
74. Investment as the key to recovery in the euro area?
    CEPS Papers, Centre for European Policy Studies View citations (20)
75. Restarting Ukraine’s Economy
    CEPS Papers, Centre for European Policy Studies
76. State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (18)
    Also in VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy, Verein für Socialpolitik / German Economic Association (2014) View citations (20)
77. The EMS Crisis of the 1990s: Parallels with the present crisis?
    CEPS Papers, Centre for European Policy Studies View citations (4)
78. The Global Economy in 2030: Trends and Strategies for Europe
    CEPS Papers, Centre for European Policy Studies
79. What direction for reforms in China?
    CEPS Papers, Centre for European Policy Studies

2013

80. Banking Union with a Sovereign Virus: The self-serving regulatory treatment of sovereign debt in the euro area
    CEPS Papers, Centre for European Policy Studies View citations (21)
81. Brazil and the EU in the Global Economy
    CEPS Papers, Centre for European Policy Studies
82. Country adjustment to a ‘sudden stop’: Does the euro make a difference?
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (16)
    See also Journal Article Country adjustment to a ‘sudden stop’: does the euro make a difference?, International Economics and Economic Policy, Springer (2015) View citations (11) (2015)
83. Germany as Scapegoat
    CEPS Papers, Centre for European Policy Studies
84. Principles of a Two-Tier European Deposit (Re-)Insurance System
    CEPS Papers, Centre for European Policy Studies View citations (3)
85. The Asset Quality Review and Capital Needs: Why re-capitalise banks with public money?
    CEPS Papers, Centre for European Policy Studies View citations (1)
86. The Bank Resolution Compromise: Incomplete, but workable?
    CEPS Papers, Centre for European Policy Studies View citations (2)
87. The European Banking Disunion
    CEPS Papers, Centre for European Policy Studies
88. The Macroeconomic Imbalance Procedure and Germany: When is a surplus an “imbalance”?
    CEPS Papers, Centre for European Policy Studies View citations (11)
89. The SRM and the dream to resolve banks without public money
    CEPS Papers, Centre for European Policy Studies View citations (6)
90. The consequences of the single supervisory mechanism for Europe's macro-prudential policy framework
    Report of the Advisory Scientific Committee, European Systemic Risk Board
91. Unemployment is the scourge, not youth unemployment per se: The misguided policy preoccupation with youth
    CEPS Papers, Centre for European Policy Studies View citations (5)

2012

92. A European Deposit Insurance and Resolution Fund
    CEPS Papers, Centre for European Policy Studies View citations (33)
93. A European Deposit Insurance and Resolution Fund - An Update
    CEPS Papers, Centre for European Policy Studies View citations (12)
94. A Sovereign Wealth Fund to Lift Germany’s Curse of Excess Savings
    CEPS Papers, Centre for European Policy Studies View citations (13)
95. A simple model of multiple equilibria and sovereign default
    CEPS Papers, Centre for European Policy Studies View citations (18)
96. Can Italy and Spain survive rates of 6-7%?
    CEPS Papers, Centre for European Policy Studies
97. Central Banks in Times of Crisis: The FED vs. the ECB
    CEPS Papers, Centre for European Policy Studies View citations (13)
98. Europe’s Recurrent Employment Problems
    CEPS Papers, Centre for European Policy Studies View citations (2)
99. Forbearance, resolution and deposit insurance
    Report of the Advisory Scientific Committee, European Systemic Risk Board
100. Has the financial crisis eroded citizens' trust in the European Central Bank? Panel data evidence for the Euro area, 1999-2011
     University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics View citations (9)
101. How to deal with macroeconomic imbalances?
     CEPS Papers, Centre for European Policy Studies View citations (3)
102. Liquidity in times of crisis: Even the ESM needs it
     CEPS Papers, Centre for European Policy Studies View citations (5)
103. Macroeconomic Imbalances in the Euro Area: Symptom or cause of the crisis?
     CEPS Papers, Centre for European Policy Studies View citations (48)
104. Monetary Policy and Banking Supervision: Coordination instead of separation
     CEPS Papers, Centre for European Policy Studies View citations (12)
     See also Journal Article Monetary Policy and Banking Supervision: Coordination Instead of Separation, CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2012) View citations (13) (2012)
105. The Europe 2020 Strategy: Can it maintain the EU’s competitiveness in the world?
     CEPS Papers, Centre for European Policy Studies View citations (6)
106. The Implications for the EU and National Budgets of the Use of EU Instruments for Macro-Financial Stability
     CEPS Papers, Centre for European Policy Studies View citations (8)
107. The Spanish Hangover
     CEPS Papers, Centre for European Policy Studies View citations (3)
108. ‘Grexit’: Who would pay for it?
     CEPS Papers, Centre for European Policy Studies View citations (7)

2011

109. Adjustment Difficulties and Debt Overhangs in the Eurozone Periphery
     Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli View citations (10)
     Also in CEPS Papers, Centre for European Policy Studies (2011) View citations (16)
110. Debt reduction without default?
     CEPS Papers, Centre for European Policy Studies View citations (16)
111. Do Germans support the euro?
     CEPS Papers, Centre for European Policy Studies
112. Europe for Growth: For a Radical Change in Financing the EU
     CEPS Papers, Centre for European Policy Studies View citations (8)
113. External versus Domestic Debt in the Euro Crisis
     CEPS Papers, Centre for European Policy Studies View citations (30)
114. History repeating itself: From the Argentine default to the Greek tragedy?
     CEPS Papers, Centre for European Policy Studies View citations (2)
115. Speculative Attacks within or outside a Monetary Union: Default versus Inflation (what to do today)
     CEPS Papers, Centre for European Policy Studies View citations (5)

2010

116. Global Liquidity, World Savings Glut and Global Policy Coordination
     Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (16)

2009

117. A New Two-Pillar Strategy for the ECB
     CESifo Working Paper Series, CESifo View citations (33)
118. A Simple Model of an Oil Based Global Savings Glut – The "China Factor" and the OPEC Cartel
     Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen
     Also in Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2009)
     See also Journal Article A simple model of an oil based global savings glut—the “China factor”and the OPEC cartel, International Economics and Economic Policy, Springer (2014) View citations (4) (2014)
119. Global Welfare Implications of Carbon Border Taxes
     CESifo Working Paper Series, CESifo View citations (36)
120. What lessons from the 1930s?
     MPRA Paper, University Library of Munich, Germany

2008

121. Is Fiscal Policy Coordination Needed in a Common Currency Area?
     Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

2007

122. Instability of the Eurozone? On Monetary Policy, House Prices and Labor Market Reforms
     IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (11)

2006

123. Instability of the Eurozone? On Monetary Policy, House Prices and Structural Reforms
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany View citations (3)
     See also Chapter Instability of the Eurozone? On Monetary Policy, House Prices and Structural Reforms, Springer Books, Springer (2007) View citations (8) (2007)

2005

124. Asymmetries in the Trans-Atlantic Monetary Policy Relationship: Does the ECB follow the Fed?
     CESifo Working Paper Series, CESifo View citations (31)
125. Is A Unified Macroeconomic Policy Necessarily Better for a Common Currency Area?
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany View citations (1)
     See also Journal Article Is a unified macroeconomic policy necessarily better for a common currency area?, European Journal of Political Economy, Elsevier (2009) View citations (4) (2009)
126. Perspectives for the Lisbon Strategy: How to increase the competitiveness of the European economy?
     CASE Network Studies and Analyses, CASE-Center for Social and Economic Research View citations (3)

2004

127. On the Relationship Between Exchange Rates and Interest Rates: Evidence from the Southern Cone
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany View citations (2)
     See also Journal Article On the Relationship Between Exchange Rates and Interest Rates: Evidence from the Southern Cone, Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile. (2004) View citations (2) (2004)

2003

128. Does the ECB Follow the FED? Part II - September 11th and the Option Value of Waiting
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany
129. Who Needs Foreign Banks?
     CESifo Working Paper Series, CESifo View citations (5)

2002

130. Common Monetary Policy with Asymmetric Shocks
     CESifo Working Paper Series, CESifo View citations (8)
131. Monetary Integration in the Southern Cone: Mercosur Is Not Like the EU
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany View citations (16)
     Also in Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) (2002) View citations (15)
     Working Papers Central Bank of Chile, Central Bank of Chile (2002) View citations (15)

2001

132. Asymmetries in European Labour Markets and Monetary Policy in Euroland
     Occasional Papers, European Network of Economic Policy Research Institutes View citations (1)
133. Designing EU-US Atlantic Monetary Relations: Exchange Rate Variability and Labor Markets
     Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany View citations (3)
     See also Journal Article Designing EU–US Atlantic Monetary Relations: Exchange Rate Variability and Labour Markets, The World Economy, Wiley Blackwell (2002) View citations (40) (2002)
134. Is the ECB Sufficiently Accountable and Transparent?
     Economics Working Papers, European Network of Economic Policy Research Institutes View citations (25)

2000

135. One Size Must Fit All. National Divergences in a Monetary Union
     CESifo Working Paper Series, CESifo View citations (18)
     See also Journal Article One Size Must Fit All: National Divergences in a Monetary Union, German Economic Review, Verein für Socialpolitik (2002) View citations (57) (2002)
136. Ten Years After: What Is Special about Transition Countries?
     Discussion Paper Series, Hamburg Institute of International Economics View citations (51)
     Also in CESifo Working Paper Series, CESifo (2000) View citations (51)
     HWWA Discussion Papers, Hamburg Institute of International Economics (HWWA) (2000) View citations (50)

1998

137. EMU and capital markets: The institutional framework
     CFS Working Paper Series, Center for Financial Studies (CFS)
138. Evidence on the Costs of Intra-European Exchange Rate Variability
     Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
     Also in Discussion Paper, Tilburg University, Center for Economic Research (1998) View citations (7)

1997

139. Estimating the Costs and Benefits of EMU: The Impact of External Shocks on Labour Markets
     Other publications TiSEM, Tilburg University, School of Economics and Management View citations (2)
     Also in Discussion Paper, Tilburg University, Center for Economic Research (1997) View citations (4)
     See also Journal Article Estimating the costs and benefits of EMU: The impact of external shocks on labour markets, Review of World Economics (Weltwirtschaftliches Archiv), Springer (1999) View citations (18) (1999)

1996

140. Making EMU Happen. Problems and Proposals: A Symposium
     Princeton Essays in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (2)
     Also in Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, (1996) View citations (2)

1995

141. International Trade Issues of the Russian Federation
     MPRA Paper, University Library of Munich, Germany View citations (3)

1992

142. A Multilateral Payments Union for the Commonwealth of Independent States: Why and How?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1991

143. Economic Reform in the Soviet Union: Pas de deux Between Disintegration and Macroeconomic Destabilization
     Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (4)

1990

144. Concrete Steps Towards Monetary Union
     Discussion Papers, University of Copenhagen. Department of Economics View citations (1)
145. Stabilization Policy with Bands
     IMF Working Papers, International Monetary Fund View citations (5)

Journal Articles

2022

1. A Golden Rule for Social Investments: How to Do It
   Intereconomics: Review of European Economic Policy, 2022, 57, (1), 26-32 View citations (1)
2. Savings–investment and the current account More measurement than identity
   Journal of International Money and Finance, 2022, 121, (C) View citations (1)
3. The economics of stop-and-go epidemic control
   Socio-Economic Planning Sciences, 2022, 81, (C)
   See also Working Paper The economics of stop-and-go epidemic control, Papers (2021) View citations (1) (2021)

2021

4. Central bank purchases of sovereign bonds in the euro area, the random walk hypothesis, and different measures of risk
   Oxford Economic Papers, 2021, 73, (4), 1471-1492
5. Der Fonds für Erholung und Resilienz: eine wirtschaftliche Analyse
   Wirtschaftsdienst, 2021, 101, (2), 87-90 View citations (3)
6. Impfstoffe: Wie man marktbasierte Anreize nutzt, um die Produktion hochzufahren
   ifo Schnelldienst Digital, 2021, 2, (03), 01-02 View citations (2)
7. Inflation expectations: models and measures
   Politica economica, 2021, (3), 389-406 View citations (1)
8. Lockdowns and the US Unemployment Crisis
   Economics of Disasters and Climate Change, 2021, 5, (3), 449-463 View citations (9)
   See also Working Paper Lockdowns and the US Unemployment Crisis, IZA Policy Papers (2021) View citations (9) (2021)
9. QE in the euro area: Has the PSPP benefited peripheral bonds?
   Journal of International Financial Markets, Institutions and Money, 2021, 73, (C) View citations (2)
   See also Working Paper QE in the euro area: Has the PSPP benefited peripheral bonds?, Ruhr Economic Papers (2019) View citations (7) (2019)
10. Recovering From COVID-19: A Transatlantic Comparison of Fiscal Policy
    Intereconomics: Review of European Economic Policy, 2021, 56, (4), 201-204
11. The slowdown in trade: end of the “globalisation hype” and a return to normal?*
    Journal of Economics and Finance, 2021, 45, (2), 225-239

2020

12. Europa in der Corona-Krise: Welche Maßnahmen sind nötig und auf welcher Ebene sollten sie ansetzen?
    Wirtschaftsdienst, 2020, 100, (6), 404-407
13. Lessons From the COVID-19 Crisis for Euro Area Fiscal Rules
    Intereconomics: Review of European Economic Policy, 2020, 55, (5), 281-284 View citations (3)
14. Next Generation EU: A Large Common Response to the COVID-19 Crisis
    Intereconomics: Review of European Economic Policy, 2020, 55, (4), 202-203 View citations (4)
15. Social Distancing Requirements and the Determinants of the COVID-19 Recession and Recovery in Europe
    Intereconomics: Review of European Economic Policy, 2020, 55, (6), 365-371 View citations (3)
16. The ECB is running out of policy space: can fiscal policy help?
    Economics and Business Letters, 2020, 9, (3), 216-220 View citations (1)
17. The Euro Area Imbalances Narrative in a Franco-German Perspective: The Importance of the Longer-Run View
    The Economists' Voice, 2020, 17, (1), 17
    See also Working Paper The Euro area imbalances narrative in a Franco-German perspective: The importance of the longer-run view, Ruhr Economic Papers (2020) (2020)

2019

18. Gewinner und Verlierer in der Welt dauerhafter Niedrigzinsen
    ifo Schnelldienst, 2019, 72, (20), 03-23
19. Improvement in European labor force participation
    IZA World of Labor, 2019, 449 View citations (1)
20. Lessons from the Strukturwandel in the Ruhrgebiet: turning Northern Greece into an industrial champion?
    International Economics and Economic Policy, 2019, 16, (3), 535-562 View citations (3)
21. Low Interest Rates and Public Borrowing
    Intereconomics: Review of European Economic Policy, 2019, 54, (5), 273-274
22. Nach der Wahl zum Europäischen Parlament — mehr Europa oder weniger?
    (After the European Parliamentary Elections — More Europe or Less?)
    Wirtschaftsdienst, 2019, 99, (6), 379-399
23. This is not a trade war, it is a struggle for technological and geo-strategic dominance
    CESifo Forum, 2019, 20, (01), 21-26 View citations (7)
24. Understanding the Limitations of Maastricht
    Intereconomics: Review of European Economic Policy, 2019, 54, (2), 72-77

2018

25. An Evolutionary Path Towards a European Monetary Fund
    The Economists' Voice, 2018, 15, (1), 15 View citations (1)
26. Anaphora Resolution: Analysing the Impact on Mean Average Precision and Detecting Limitations of Automated Approaches
    International Journal of Information Retrieval Research (IJIRR), 2018, 8, (3), 33-45
27. Financial stability as a pre-condition for a hard budget constraint: Principles for a European Monetary Fund
    Journal of Financial Transformation, 2018, 48, 160-169
28. Frankreich und Deutschland — starke Partner für ein stabiles Europa?
    (France and Germany — Strong Partners for a Stable Europe?)
    Wirtschaftsdienst, 2018, 98, (2), 79-99

2017

29. Business Cycle Desynchronisation: Amplitude and Beta vs. Co-movement
    Intereconomics: Review of European Economic Policy, 2017, 52, (4), 238-241 View citations (2)
30. Business Cycle Synchronization in the EMU: Core vs. Periphery
    Open Economies Review, 2017, 28, (5), 863-892 View citations (57)
    See also Working Paper Business Cycle Synchronization in the EMU: Core vs. Periphery, GLO Discussion Paper Series (2017) View citations (57) (2017)
31. Declining Youth Unemployment in Europe: The Effect of the Business Cycle or the European Youth Guarantee?
    CESifo Forum, 2017, 18, (02), 39-46
32. Greece and the Troika – Lessons from International Best Practice Cases of Successful Price (and Wage) Adjustment
    European Journal of Comparative Economics, 2017, 14, (2), 177-195 View citations (1)
    See also Working Paper Greece and the Troika – Lessons from international best practice cases of successful price (and wage) adjustment, ROME Working Papers (2017) View citations (2) (2017)
33. Kurz kommentiert
    (Concise Comments)
    Wirtschaftsdienst, 2017, 97, (10), 684-686
34. Macron a Game Changer for Europe?
    Intereconomics: Review of European Economic Policy, 2017, 52, (4), 194-195
35. Optimal adjustment paths in a monetary union
    Economic Modelling, 2017, 67, (C), 338-345 View citations (10)
    See also Working Paper Optimal Adjustment Paths in a Monetary Union, ROME Working Papers (2017) View citations (10) (2017)
36. The Economic Impact of Brexit: Evidence from Modelling Free Trade Agreements
    Atlantic Economic Journal, 2017, 45, (3), 317-331 View citations (10)
    See also Working Paper The economic impact of Brexit: Evidence from modelling free trade agreements, Ruhr Economic Papers (2017) View citations (10) (2017)
37. The effectiveness of the Fed’s quantitative easing policy: New evidence based on international interest rate differentials
    Journal of International Money and Finance, 2017, 73, (PB), 335-349 View citations (32)
38. Un marché, une monnaie: un argument erroné ( post factum ) ?
    Revue d'économie financière, 2017, N° 125, (1), 69-84

2016

39. (When) should a non-euro country join the banking union?
    The Journal of Economic Asymmetries, 2016, 14, (PA), 4-19 View citations (5)
    See also Working Paper (When) should a non-euro country join the banking union?, Ruhr Economic Papers (2016) View citations (5) (2016)
40. Das europäische Verfahren zur Vermeidung und Korrektur von Leistungsbilanzungleichgewichten
    (The European Procedure to Avoid and Correct Current Account Imbalances)
    Wirtschaftsdienst, 2016, 96, (8), 548-556 View citations (1)
41. Europe’s Place in the Global Economy — What Does the Last Half Century Suggest for the Future?
    Intereconomics: Review of European Economic Policy, 2016, 51, (1), 5-11
    Also in Intereconomics: Review of European Economic Policy, 2016, 51, (1), 5-11 (2016)
42. Macroeconomic adjustment programmes in the euro area: an overall assessment
    International Economics and Economic Policy, 2016, 13, (3), 345-358 View citations (16)
43. On the Shock-Absorbing Properties of a Banking Union: Europe Compared with the United States
    Comparative Economic Studies, 2016, 58, (3), 359-386 View citations (8)
44. Structural Reforms as a Panacea? The European Productivity and Growth Puzzle
    Intereconomics: Review of European Economic Policy, 2016, 51, (6), 318-320 View citations (1)

2015

45. Country adjustment to a ‘sudden stop’: does the euro make a difference?
    International Economics and Economic Policy, 2015, 12, (1), 5-20 View citations (11)
    See also Working Paper Country adjustment to a ‘sudden stop’: Does the euro make a difference?, European Economy - Economic Papers 2008 - 2015 (2013) View citations (16) (2013)
46. Currency Interventions: Effective Policy Tool or Shortsighted Gamble?
    Intereconomics: Review of European Economic Policy, 2015, 50, (2), 64-81 View citations (1)
47. Restoring Competitiveness: What Has Gone Right, What Has Gone Wrong?
    CESifo Forum, 2015, 16, (03), 18-25

2014

48. A simple model of an oil based global savings glut—the “China factor”and the OPEC cartel
    International Economics and Economic Policy, 2014, 11, (3), 413-430 View citations (4)
    See also Working Paper A Simple Model of an Oil Based Global Savings Glut – The "China Factor" and the OPEC Cartel, Ruhr Economic Papers (2009) (2009)
49. Crisis-Induced Fiscal Restructuring in Europe
    Intereconomics: Review of European Economic Policy, 2014, 49, (6), 300-322
50. Designing a European unemployment insurance scheme
    Intereconomics: Review of European Economic Policy, 2014, 49, (4), 184-203 View citations (4)
51. European Deposit Insurance and Resolution in the Banking Union
    Journal of Common Market Studies, 2014, 52, (3), 529-546 View citations (33)

2013

52. Banking union with a sovereign virus
    Intereconomics: Review of European Economic Policy, 2013, 48, (2), 93-97 View citations (25)
53. Becoming Slimmer: Why Europe Needs to Cut Debt and Reduce Leverage
    CESifo Forum, 2013, 14, (03), 17-24
54. Foreign debt versus domestic debt in the euro area
    Oxford Review of Economic Policy, 2013, 29, (3), 502-517 View citations (39)

2012

55. Can austerity be self-defeating?
    Intereconomics: Review of European Economic Policy, 2012, 47, (3), 175-184 View citations (6)
56. Monetary Policy and Banking Supervision: Coordination Instead of Separation
    CESifo Forum, 2012, 13, (04), 33-39 View citations (13)
    See also Working Paper Monetary Policy and Banking Supervision: Coordination instead of separation, CEPS Papers (2012) View citations (12) (2012)
57. On the Stability of Public Debt in a Monetary Union
    Journal of Common Market Studies, 2012, 50, 36-48 View citations (11)

2011

58. EFSF 2.0 or the European Monetary Fund
    ifo DICE Report, 2011, 9, (03), 31-38 View citations (1)
59. Great recession versus great depression: monetary, fiscal and banking policies
    Journal of Economic Studies, 2011, 38, (6), 673-690 View citations (2)
60. The case for taxing carbon at the border
    Climate Policy, 2011, 11, (5), 1262-1268 View citations (6)
61. To Default or Not to Default?
    CESifo Forum, 2011, 12, (02), 29-33

2010

62. Currency wars?
    Intereconomics: Review of European Economic Policy, 2010, 45, (6), 338-339
63. Eight months later — Has the Eurozone been stabilised or will EMU fall apart?
    Intereconomics: Review of European Economic Policy, 2010, 45, (6), 340-356 View citations (1)
64. The impact of the financial crisis on the real economy
    Intereconomics: Review of European Economic Policy, 2010, 45, (1), 4-20 View citations (9)

2009

65. Comment
    NBER International Seminar on Macroeconomics, 2009, 5, (1), 113 - 120
66. Is a unified macroeconomic policy necessarily better for a common currency area?
    European Journal of Political Economy, 2009, 25, (1), 98-101 View citations (4)
    See also Working Paper Is A Unified Macroeconomic Policy Necessarily Better for a Common Currency Area?, Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim (2005) View citations (1) (2005)
67. On the benefits of fiscal policy coordination in a currency union: a note
    Empirica, 2009, 36, (1), 45-49 View citations (8)
68. The Global Financial Crisis: Causes and Cures
    Journal of Common Market Studies, 2009, 47, (5), 977-996 View citations (32)
69. Why Europe will suffer more
    Intereconomics: Review of European Economic Policy, 2009, 44, (4), 255-260 View citations (4)

2008

70. Europas Bankenkrise: ein Aufruf zum Handeln
    DIW Wochenbericht, 2008, 75, (41), 640-641
71. Financial Crisis: High Cost of “non Europe”
    Intereconomics: Review of European Economic Policy, 2008, 43, (5), 254-255
72. Transatlantic Differences in Real Estate Bubbles?
    Intereconomics: Review of European Economic Policy, 2008, 43, (2), 66-67 View citations (2)

2007

73. Europe's future after the European Council meeting of June 2007: A panel discussion
    CESifo Forum, 2007, 8, (04), 39-44
74. MONETARY POLICY IN EMU WITH ASYMMETRIC TRANSMISSION AND NON‐TRADABLE GOODS
    Scottish Journal of Political Economy, 2007, 54, (2), 268-282 View citations (4)

2006

75. ON THE RELATIONSHIP BETWEEN LATIN AMERICAN EXCHANGE RATES AND INTEREST RATES
    The IUP Journal of Monetary Economics, 2006, IV, (3), 6-25
76. The World in 2016: A Perspective for the Wider Europe
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2006, 75, (2), 79-90 View citations (1)
77. Why the US Current Account Deficit is Not Sustainable
    International Finance, 2006, 9, (2), 241-260 View citations (5)

2005

78. Asymmetries in Transatlantic Monetary Policy‐making: Does the ECB Follow the Fed?*
    Journal of Common Market Studies, 2005, 43, (5), 921-946 View citations (30)

2004

79. Contra: The Commission and the Stability Pact
    CESifo Forum, 2004, 5, (04), 11 View citations (1)
80. On the Relationship Between Exchange Rates and Interest Rates: Evidence from the Southern Cone
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2004, 41, (122), 35-64 View citations (2)
    See also Working Paper On the Relationship Between Exchange Rates and Interest Rates: Evidence from the Southern Cone, Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim (2004) View citations (2) (2004)
81. Profiting from the Euro? Seigniorage Gains from Euro Area Accession
    Journal of Common Market Studies, 2004, 42, (4), 795-813 View citations (12)
82. The degree of openness and the cost of fixing exchange rate
    Economics Letters, 2004, 83, (1), 141-146

2003

83. An opportunity missed!
    Intereconomics: Review of European Economic Policy, 2003, 38, (3), 124-129 View citations (10)
84. Is the transition over?
    Journal of Financial Transformation, 2003, 9, 18-19
85. The Cost of Financial Market Variability in the Southern Cone
    Revue économique, 2003, 54, (5), 1091-1115 View citations (3)

2002

86. Central Europe on the Way to EMU
    Rivista di Politica Economica, 2002, 92, (1), 89-108 View citations (1)
87. Designing EU–US Atlantic Monetary Relations: Exchange Rate Variability and Labour Markets
    The World Economy, 2002, 25, (6), 789-813 View citations (40)
    See also Working Paper Designing EU-US Atlantic Monetary Relations: Exchange Rate Variability and Labor Markets, Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim (2001) View citations (3) (2001)
88. Monetary integration in the Southern Cone
    The North American Journal of Economics and Finance, 2002, 13, (3), 323-349 View citations (34)
89. One Size Must Fit All: National Divergences in a Monetary Union
    German Economic Review, 2002, 3, (3), 247-262 View citations (57)
    Also in German Economic Review, 2002, 3, (3), 247-262 (2002) View citations (56)
    See also Working Paper One Size Must Fit All. National Divergences in a Monetary Union, CESifo Working Paper Series (2000) View citations (18) (2000)
90. The euro for the Balkans?
    The Economics of Transition, 2002, 10, (2), 491-511 View citations (10)

2001

91. Real Impacts of Intra-European Exchange Rate Variability: A Case for EMU?
    Open Economies Review, 2001, 12, (3), 231-264 View citations (55)

2000

92. How Fit are the Candidates for EMU?
    The World Economy, 2000, 23, (10), 1367-1377 View citations (5)
93. One Euro from the Atlantic to the Urals?: the European Monetary Union
    CESifo Forum, 2000, 1, (02), 26-31 View citations (5)
94. The Dynamics of Trade Integration and the Political Value of Commitment
    Oxford Economic Papers, 2000, 52, (2), 398-414 View citations (4)

1999

95. A Stochastic Model of Self-Fulfilling Crises in Fixed Exchange Rate Systems
    International Journal of Finance & Economics, 1999, 4, (2), 129-46 View citations (6)
96. Estimating the costs and benefits of EMU: The impact of external shocks on labour markets
    Review of World Economics (Weltwirtschaftliches Archiv), 1999, 135, (1), 1-47 View citations (18)
    See also Working Paper Estimating the Costs and Benefits of EMU: The Impact of External Shocks on Labour Markets, Other publications TiSEM (1997) View citations (2) (1997)
97. Excess foreign exchange reserves and overcapitalisation in the Eurosystem
    ifo Schnelldienst, 1999, 52, (19), 25-35 View citations (4)

1998

98. Asymmetric shocks and EMU: Is there a need for a stability fund?
    Intereconomics: Review of European Economic Policy, 1998, 33, (6), 274-288 View citations (8)
99. Book Reviews
    Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (1), 140-156
100. Distributing Seigniorage under EMU
     ifo Schnelldienst, 1998, 51, (17), 29-39 View citations (4)
101. EMU and Capital Markets: Big Bang or Glacier?
     International Finance, 1998, 1, (1), 3-34 View citations (6)

1997

102. Output decline and recovery in the transiton economies: causes and social consequences1
     The Economics of Transition, 1997, 5, (1), 113-130 View citations (10)
103. Rejoinder
     European Journal of Political Economy, 1997, 13, (1), 195-196
104. Trade Reorientation and Recovery in Transition Economies
     Oxford Review of Economic Policy, 1997, 13, (2), 65-76 View citations (60)

1996

105. A Reconsideration of the Optimum Currency Area Approach: The Role of External Shocks and Labour Mobility
     National Institute Economic Review, 1996, 158, 108-127 View citations (2)
106. A note on the trade potential of Central and Eastern Europe
     European Journal of Political Economy, 1996, 12, (4), 709-721 View citations (77)
107. Germany’s stake in exchange rate stability
     Intereconomics: Review of European Economic Policy, 1996, 31, (5), 236-240 View citations (4)
108. National Institute Economic Review: A Reconsideration of the Optimum Currency Area Approach: The Role of External Shocks and Labour Mobility
     National Institute Economic Review, 1996, 158, (1), 108-127 View citations (14)

1995

109. Seigniorage and EMU: The Fiscal Implications of Price Stability and Financial Market Integration
     Journal of Common Market Studies, 1995, 33, (2), 175-196 View citations (8)
     Also in European Journal of Political Economy, 1993, 9, (4), 581-601 (1993) View citations (13)

1994

110. The new Europe: Evolving economic and financial systems in East and West: D.E. Fair and Raymond, eds., (Kluwer Academic Publishers, Dordrecht, 1993) 452 pp., ISBN 0-7923-2159-6, Dfl. 195,-/[UK pound]80,-
     European Journal of Political Economy, 1994, 10, (2), 404-406

1992

111. A note on ec trade policy after 1992: The effects of replacing existing national import quotas by community quotas that are“Equally Restrictive”
     Review of World Economics (Weltwirtschaftliches Archiv), 1992, 128, (1), 125-135 View citations (2)
112. Capital controls and foreign exchange market crises in the EMS
     European Economic Review, 1992, 36, (8), 1533-1544 View citations (21)
113. Coûts et bénéfices d'une Union Économique et Monétaire appliqués à l'Union Soviétique
     Revue d'Économie Financière, 1992, 21, (2), 151-171
114. Monetary policy interaction within or without an exchange-rate arrangement
     Open Economies Review, 1992, 3, (1), 61-82 View citations (3)
115. Pour l'union économique et monétaire: une réponse au manifeste des économistes allemands
     Revue d'Économie Financière, 1992, 2, (1), 133-136

1991

116. La reconstruction de l'Europe de l'Est: Les besoins de financement
     Revue d'Économie Financière, 1991, 17, (2), 131-148
117. Regional disintegration in the Soviet Union: Economic costs and benefits
     Intereconomics: Review of European Economic Policy, 1991, 26, (5), 207-213

1990

118. The Institutional Approach to Monetary Union in Europe
     Economic Journal, 1990, 100, (402), 925-35 View citations (4)
119. Vers l'union monétaire européenne: pourquoi et comment ?
     Revue de l'OFCE, 1990, 33, (1), 131-153 View citations (4)

1989

120. On the volatility of exchange rates: Tests of monetary and portfolio balance models of exchange rate determination
     Review of World Economics (Weltwirtschaftliches Archiv), 1989, 125, (2), 273-295 View citations (1)
121. Paradigms for the Monetary Union of Europe
     Journal of Common Market Studies, 1989, 27, (3), 219-230 View citations (1)

1988

122. Dual Exchange Rates in the Presence of Incomplete Market Separation: Long-Run Effectiveness and Policy Implications
     IMF Staff Papers, 1988, 35, (3), 437-460 View citations (9)
123. Le SME: performances et perspectives
     Revue de l'OFCE, 1988, 24, (1), 55-80 View citations (15)

1987

124. A note on the optimal tariff, retaliation and the welfare loss from tariff wars in a framework with intra-industry trade
     Journal of International Economics, 1987, 23, (3-4), 357-367 View citations (166)
125. Protectionism in a Framework with Intra-Industry Trade: Tariffs, Quotas, Retaliation, and Welfare Losses (Le protectionnisme dans un cadre faisant intervenir les échanges de produits analogues: droits de douane, contingentement, mesures de rétorsion et diminution du bien-être) (El proteccionismo en el marco del comercio intraindustrial: aranceles, cuotas, represalias y pérdidas de bienestar)
     IMF Staff Papers, 1987, 34, (1), 86-114 View citations (7)
126. The Effectiveness of Capital Controls: Implications for Monetary Autonomy in the Presence of Incomplete Market Separation
     IMF Staff Papers, 1987, 34, (4), 621-642 View citations (25)

1986

127. The Consequences of Real Exchange Rate Rules for Inflation: Some Illustrative Examples (Incidence sur l'inflation des règles régissant le taux de change réel: quelques exemples) (Repercusión en la inflación de las reglas de tipo de cambio real: Algunos ejemplos)
     IMF Staff Papers, 1986, 33, (3), 439-476
128. Wage Indexation and the Real Exchange Rate in Small Open Economies: A Study of the Effects of Fluctuations in Export Earnings (Indexation des salaires et taux de change réel dans de petits pays à économie ouverte: étude des effets des fluctuations des recettes d'exportation) (La indización de sueldos y salarios y el tipo real de cambio en economías abiertas pequeñas: Estudio de los efectos de las fluctuaciones de los ingresos de exportación)
     IMF Staff Papers, 1986, 33, (1), 117-138 View citations (1)

Books

2004

1. Economic Transition in Central and Eastern Europe
   Cambridge Books, Cambridge University Press View citations (43)
   Also in Cambridge Books, Cambridge University Press (2004) View citations (53)

2003

2. Health not Wealth
   WIFO Studies, WIFO

2000

3. Open Issues in European Central Banking
   Palgrave Macmillan Books, Palgrave Macmillan View citations (34)

1992

4. One Market, One Money: An Evaluation of the Potential Benefits and Costs of Forming an Economic and Monetary Union
   OUP Catalogue, Oxford University Press View citations (105)

Chapters

2022

1. Crisis and Citizens’ Trust in the European Central Bank: Panel Data Evidence for the Euro Area, 1999–2012
   Springer

2020

2. EU solidarity in exceptional times: Corona transfers instead of Coronabonds
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 119-122 View citations (39)

2015

3. The Trade-Off between Fiscal and Competitiveness Adjustments
   Palgrave Macmillan

2011

4. Iceland on the Brink? Options for a Small, Financially Active Economy in the Current Financial Crisis Environment
   Palgrave Macmillan View citations (1)
5. euro zone crisis 2010
   Palgrave Macmillan View citations (4)

2009

6. Comment on "Current Account Sustainability and the Relative Reliability"
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 113-119

2007

7. Instability of the Eurozone? On Monetary Policy, House Prices and Structural Reforms
   Springer View citations (8)
   See also Working Paper Instability of the Eurozone? On Monetary Policy, House Prices and Structural Reforms, Department of Economics, University of Hohenheim, Germany (2006) View citations (3) (2006)

2000

8. 3 X 2 Concrete Proposals for Strengthening the Eurosystem
   Palgrave Macmillan
9. Are European Central Banks Over-Capitalized?
   Palgrave Macmillan
10. How can the Eurosystem become (and remain) independent? …
    Palgrave Macmillan
11. Introduction
    Palgrave Macmillan View citations (1)
12. Who Takes Care of Financial Stability in Europe?
    Palgrave Macmillan
13. Who gets the seigniorage?
    Palgrave Macmillan
14. Who is in charge of the Eurosystem?
    Palgrave Macmillan
15. … and Accountable?
    Palgrave Macmillan

1989

16. The ECU and Monetary Management in Europe
    Palgrave Macmillan

Editor

1. Applied Economics Quarterly (formerly: Konjunkturpolitik)
   Duncker & Humblot GmbH, Berlin