Details about Gunther Schnabl

E-mail:
Homepage:	https://www.wifa.uni-leipzig.de/iwp/team/schnabl.html
Phone:	0341-97 33 561
Postal address:	Gunther Schnabl Universität Leipzig Fakultät für Wirtschaftswissenschaften Grimmaische Str. 12 D-04109 Leipzig
Workplace:	Institut für Wirtschaftspolitik (Institute of Economic Policy), Wirtschaftswissenschafltiche Fakultät (Faculty of Economics and Business), Universität Leipzig (University of Leipzig), (more information at EDIRC)

Access statistics for papers by Gunther Schnabl.

Last updated 2023-01-06. Update your information in the RePEc Author Service.

Short-id: psc22

---

Jump to Journal Articles Books Chapters

Working Papers

2022

1. Japan's Low Inflation Conundrum
   CESifo Working Paper Series, CESifo
2. Wohnimmobilienpreise, Inflationsmessung und Geldpolitik im Euroraum
   Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (1)
   See also Journal Article in Wirtschaftsdienst (2022)

2021

3. Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment
   CESifo Working Paper Series, CESifo View citations (1)
   See also Journal Article in The Economists' Voice (2021)
4. How to Escape from the Debt Trap: Lessons from the Past
   CESifo Working Paper Series, CESifo View citations (1)
5. Inflationsziel und Inflationsmessung in der Eurozone im Wandel
   Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (3)
   See also Journal Article in Wirtschaftsdienst (2021)
6. Macroeconomic Policy Making and Current Account Imbalances in the Euro Area
   CESifo Working Paper Series, CESifo View citations (1)
   See also Journal Article in Credit and Capital Markets (2021)
7. Niedrigzinspolitik und Sparkultur in Japan: Implikationen für die Wirtschaftspolitik
   Working Papers, University of Leipzig, Faculty of Economics and Management Science

2020

8. Alternative Measures of Price Inflation and the Perception of Real Income in Germany
   CESifo Working Paper Series, CESifo View citations (4)
9. Monetary policy, financial regulation and financial stability: A comparison between the Fed and the ECB
   Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (2)
10. The Japanese banks in the lasting low-, zero- and negative-interest rate environment
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
    See also Journal Article in Credit and Capital Markets (2021)

2019

11. 30 Jahre nach dem Mauerfall: Ursachen für Konvergenz und Divergenz zwischen Ost- und Westdeutschland
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (1)
12. China’s overinvestment and international trade conflict
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article in China & World Economy (2019)
13. Die Verteilungseffekte der Geldpolitik der Europäischen Zentralbank und deren Einfluss auf die politische Stabilität
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (1)
14. Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?
    CESifo Working Paper Series, CESifo View citations (4)

2018

15. 70 years after the German currency and economic reform: The monetary, economic and political order in Europe is disturbed
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
16. Die EU-Insolvenzrichtlinie zu vorinsolvenzlichen Verfahren aus ordnungspolitischer Perspektive
    (The EU directive on preventive restructuring frameworks from a ordoliberal perspective)
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
17. The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union
    CESifo Working Paper Series, CESifo View citations (3)
    See also Journal Article in The Economists' Voice (2019)

2017

18. Monetary Policy Crisis Management as a Threat to Economic Order
    CESifo Working Paper Series, CESifo View citations (8)
    See also Journal Article in Credit and Capital Markets (2017)
19. Monetary Policy, Inequality and Political Instability
    CESifo Working Paper Series, CESifo View citations (3)
    See also Journal Article in The World Economy (2019)
20. Monetary policy and wandering overinvestment cycles in East Asia and Europe
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (2)
21. The Failure of ECB Monetary Policy from a Mises-Hayek Perspective
    CESifo Working Paper Series, CESifo View citations (8)
22. The Impact of Japanese Monetary Policy Crisis Management on the Japanese Banking Sector
    CESifo Working Paper Series, CESifo View citations (12)
23. Ultra-lockere Geldpolitiken, Finanzmarktblasen und marktwirtschaftliche Ordnung
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
24. Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (1)
    See also Journal Article in ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft (2018)

2016

25. Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution
    CESifo Working Paper Series, CESifo View citations (8)
26. Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory
    CESifo Working Paper Series, CESifo View citations (4)
27. Exchange Rate Regime, Financial Market Bubbles and Long-Term Growth in China: Lessons from Japan
    CESifo Working Paper Series, CESifo
    See also Journal Article in China & World Economy (2017)
28. Geldpolitik, Arabellion, Flüchtlingskrise
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (5)
29. Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan: Lessons for the EMU
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article in International Economics and Economic Policy (2018)

2015

30. Beyond Balassa and Samuelson: Real Convergence, Capital Flows, and Competitiveness in Greece
    CESifo Working Paper Series, CESifo View citations (4)
    Also in Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2015) View citations (4)
    ROME Working Papers, ROME Network (2015) View citations (4)
    See also Journal Article in Empirica (2018)
31. Foreign Currency Denominated Assets and International Shock Absorption in Switzerland and Japan
    CESifo Working Paper Series, CESifo
32. Japans Lehren für das Schweizer Wechselkursdilemma
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
    See also Journal Article in Wirtschaftsdienst (2015)
33. Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
    CESifo Working Paper Series, CESifo
    See also Journal Article in International Economics and Economic Policy (2018)
34. Wege zu einer stabilitäts- und wachstumsorientierten Geldpolitik aus österreichischer Perspektive
    Working Papers, University of Leipzig, Faculty of Economics and Management Science

2014

35. China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency
    CESifo Working Paper Series, CESifo View citations (11)
36. Der Weg in die Nullzins- und Hochverschuldungsfalle
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena
37. Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets
    CESifo Working Paper Series, CESifo
    See also Journal Article in Review of Development Economics (2015)
38. Monetary Policies of Large Industrialised Countries, Emerging Market Credit Cycles and Feedback Effects
    CESifo Working Paper Series, CESifo View citations (5)

2013

39. Fiscal Divergence and Current Account Imbalances in Europe
    CESifo Working Paper Series, CESifo View citations (31)
    Also in VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order, Verein für Socialpolitik / German Economic Association (2013) View citations (25)
40. Limits of Monetary Policy Autonomy and Exchange Rate Flexibility by East Asian Central Banks
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (2)
    Also in Working Papers, University of Leipzig, Faculty of Economics and Management Science (2013) View citations (4)
41. Short- and Long-term Growth Effects of Exchange Rate Adjustment
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (7)
    Also in Post-Print, HAL (2013) View citations (1)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2012) View citations (1)
    Post-Print, HAL (2012)
    Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne (2012) View citations (1)
    See also Journal Article in Review of International Economics (2013)
42. The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis
    CESifo Working Paper Series, CESifo View citations (6)
43. The global move into the zero interest rate and high debt trap
    Working Papers, University of Leipzig, Faculty of Economics and Management Science

2012

44. Determinants of Global and Intra-European Imbalances
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (4)
45. Die japanischen Lehren für die europäische Krise
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (2)
    See also Journal Article in Zeitschrift für Wirtschaftspolitik (2013)
46. Fiscal divergence, current account and TARGET2 imbalances in the EMU
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (7)
47. Funktionswandel der EZB?
    Munich Reprints in Economics, University of Munich, Department of Economics
    See also Journal Article in Wirtschaftsdienst (2012)
48. Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (10)
    Also in Post-Print, HAL (2011) View citations (2)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2011) View citations (3)
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena (2011) View citations (7)
    Post-Print, HAL (2012) View citations (10)
    Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne (2011) View citations (3)
    See also Journal Article in Open Economies Review (2012)
49. Limits of Monetary Policy Autonomy by East Asian Debtor Central Banks
    CESifo Working Paper Series, CESifo View citations (9)
50. Monetary Policy Reform in a World of Central Banks
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (7)
51. Short-Term and Long-Term Growth Effects of Exchange Rate Adjustment
    CESifo Working Paper Series, CESifo View citations (1)

2011

52. China and its Dollar Exchange Rate: A Worldwide Stabilizing Influence?
    CESifo Working Paper Series, CESifo View citations (11)
    See also Journal Article in The World Economy (2012)
53. Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (1)
54. Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
    VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis, Verein für Socialpolitik / German Economic Association View citations (12)
    Also in CESifo Working Paper Series, CESifo (2010) View citations (10)
55. National Monetary Policy, Internatinal Economic Instability and Feeback Effects - An Overinvestment View
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (6)
56. Symmetrische Regeln und asymmetrisches Handeln in der Geld- und Finanzpolitik
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (2)
57. The role of the chinese dollar peg for macroeconomic stability in China and the world economy
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (12)
58. Triebkräfte und Lösungsansätze globaler und europäischer Leistungsbilanzungleichgewichte
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena View citations (2)

2010

59. Current Account Balances and Structural Adjustment in the Euro Area
    Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen View citations (36)
    See also Journal Article in International Economics and Economic Policy (2010)
60. Finanzkrise, globale Liquidität und makroökonomischer Exit
    Working Papers, University of Leipzig, Faculty of Economics and Management Science
    Also in IBES Diskussionsbeiträge, University of Duisburg-Essen, Institute of Business and Economic Studie (IBES) (2010) View citations (4)
61. Inflation Targeting by Debtor Central Banks in Emerging Market Economies
    CESifo Working Paper Series, CESifo View citations (27)
62. Konstitutionelle Grundlagen globalisierter Finanzmärkte - Stabilität und Wandel. Stand und Perspektiven der Forschung
    Global Financial Markets Working Paper Series, Friedrich-Schiller-University Jena
63. Reverse causality in global current accounts
    Working Paper Series, European Central Bank View citations (8)
64. The theory of optimum currency areas and growth in emerging markets
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (2)
    See also Journal Article in Applied Economics Letters (2011)

2009

65. A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View
    CESifo Working Paper Series, CESifo View citations (4)
    Also in MPRA Paper, University Library of Munich, Germany (2009) View citations (12)
    See also Journal Article in The World Economy (2011)
66. An asymmetry matrix in global current accounts
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (5)
67. China's financial conundrum and global imbalances
    BIS Working Papers, Bank for International Settlements View citations (19)
68. Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (39)
    Also in CESifo Working Paper Series, CESifo (2009) View citations (38)
    IZA Policy Papers, Institute of Labor Economics (IZA) (2009) View citations (38)
69. Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (4)
    Also in Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen (2009) View citations (3)
    CESifo Working Paper Series, CESifo (2009) View citations (4)
    See also Journal Article in Review of International Economics (2013)

2008

70. China's exchange rate impasse and the weak U.S. dollar
    Working Papers, University of Leipzig, Faculty of Economics and Management Science View citations (3)
    Also in CESifo Working Paper Series, CESifo (2008) View citations (35)
71. Exchange Rate Regime and Wage Determination in Central and Eastern Europe
    CESifo Working Paper Series, CESifo View citations (3)

2007

72. A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan
    CESifo Working Paper Series, CESifo View citations (13)
    See also Journal Article in China Economic Review (2008)
73. Exchange Rate Volatility and Growth in Emerging Europe and East Asia
    CESifo Working Paper Series, CESifo View citations (14)
    See also Journal Article in Open Economies Review (2009)
74. Exchange rate volatility and growth in small open economies at the EMU periphery
    Working Paper Series, European Central Bank View citations (42)
    See also Journal Article in Economic Systems (2008)
75. Geldpolitik, vagabundierende Liquidität und platzende Blasen in neuen und Aufstrebenden Märkten
    (Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets)
    MPRA Paper, University Library of Munich, Germany View citations (2)
76. Monetary Policy Operations of Debtor Central Banks in MENA Countries
    MPRA Paper, University Library of Munich, Germany View citations (1)
    Also in Working Papers, University of Leipzig, Faculty of Economics and Management Science (2007) View citations (2)
77. Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets - An Overinvestment View
    MPRA Paper, University Library of Munich, Germany View citations (36)
    Also in CESifo Working Paper Series, CESifo (2007) View citations (32)
    See also Journal Article in The World Economy (2008)

2006

78. A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
    Working Paper Series, European Central Bank View citations (9)
    See also Journal Article in International Economics and Economic Policy (2008)
79. Capital markets and exchange rate stabilization in East Asia: Diversifying risk based on currency baskets
    HWWI Research Papers, Hamburg Institute of International Economics (HWWI) View citations (2)
    See also Chapter (2009)
80. China’s Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Déjà Vu?
    CESifo Working Paper Series, CESifo View citations (21)
    See also Journal Article in CESifo Economic Studies (2006)
81. Exchange rate stabilization in developed and underdeveloped capital markets
    Working Paper Series, European Central Bank View citations (24)
82. Japanese Foreign Exchange Intervention and the Yen/Dollar Exchange Rate: A Simultaneous Equations Approach Using Realized Volatility
    CESifo Working Paper Series, CESifo View citations (3)
    See also Journal Article in Journal of International Financial Markets, Institutions and Money (2009)
83. The Evolution of the East Asian Currency Baskets – Still Undisclosed and Changing
    CESifo Working Paper Series, CESifo View citations (4)

2005

84. Der Festkurs als merkantilistische Handelspolitik: Chinas Währungs- und Geldpolitik im Umfeld globaler Ungleichgewichte
    Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics View citations (14)
85. International Capital Markets and Exchange Rate Stabilization in the CIS
    International Finance, University Library of Munich, Germany View citations (7)
    See also Journal Article in Journal of Comparative Economics (2005)
86. International Capital Markets and Informal Dollar Standards in the CIS and East Asia
    HWWA Discussion Papers, Hamburg Institute of International Economics (HWWA) View citations (1)
    Also in Discussion Paper Series, Hamburg Institute of International Economics (2005) View citations (1)
87. International Capital Markets, Macroeconomic Stability, and Exchange Rate Stabilization in the CIS and East Asia
    International Finance, University Library of Munich, Germany View citations (3)
88. Nominal versus Real Convergence with Respect to EMU Accession - EMU Entry Scenarios for the New Member States
    International Finance, University Library of Munich, Germany View citations (37)
89. Purchasing Power Parity: Granger Causality Tests for the Yen- Dollar Exchange Rate
    International Finance, University Library of Munich, Germany View citations (2)
    Also in Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics (2001) View citations (8)
    See also Journal Article in Japan and the World Economy (2002)
90. The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
    Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics
    Also in International Finance, University Library of Munich, Germany (2005) View citations (2)
91. The Russian Currency Basket: The Rising Role of the Euro for Russia’s Exchange Rate Policies
    International Finance, University Library of Munich, Germany View citations (2)

2004

92. De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe
    International Finance, University Library of Munich, Germany View citations (8)
    Also in Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics (2003) View citations (23)
    See also Journal Article in Aussenwirtschaft (2004)
93. Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe
    CESifo Working Paper Series, CESifo View citations (52)
    Also in International Finance, University Library of Munich, Germany (2004) View citations (29)
94. Nominal versus Real Convergence with Respect to EMU Accession.How to Cope with the Balassa-Samuelson Dilemma
    EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) View citations (18)
95. The Effects of Japanese Foreign Exchange Intervention, GARCH Estimation and Change Point Detection
    Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group View citations (10)
    Also in International Finance, University Library of Munich, Germany (2004) View citations (9)
    Departmental Working Papers, Department of Economics, Louisiana State University (2003) View citations (25)
96. The Return to Soft Dollar Pegging in East Asia. Mitigating Conflicted Virtue
    International Finance, University Library of Munich, Germany View citations (79)
    See also Journal Article in International Finance (2004)
97. Weak Economy and Strong Currency - The Origins of the Strong Yen in the 1990s
    International Finance, University Library of Munich, Germany
    Also in Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics (2001)
    See also Journal Article in Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research (2001)

2003

98. China: A Stabilizing or Deflationary Influence in East Asia? THe Problem of Conflict Virtue
    Working Papers, Hong Kong Institute for Monetary Research View citations (8)
    Also in Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics (2003) View citations (24)
    Working Papers, Stanford University, Department of Economics (2003) View citations (9)
99. Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate
    Working Papers, Hong Kong Institute for Monetary Research View citations (57)
    See also Journal Article in The World Economy (2003)
100. The East Asian Dollar Standard, Fear of Floating, and Original Sin
     Working Papers, Hong Kong Institute for Monetary Research View citations (44)
     Also in Working Papers, Stanford University, Department of Economics (2003) View citations (76)
     See also Journal Article in Review of Development Economics (2004)

2002

101. Synchronized Business Cycles in East Asia: Fluctuations in the Yen/Dollar Exchange Rate and China’s Stabilizing Role
     Working Papers, Stanford University, Department of Economics View citations (27)

1998

102. Die wirtschaftliche Verflechtung zwischen Japan und Ostasien: Formen der Arbeitsteilung und die Rolle der Direktinvestitionen
     Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics

1997

103. Zielsetzungen und Strategien im japanisch-amerikanischen Handelskonflikt
     Tübinger Diskussionsbeiträge, University of Tübingen, School of Business and Economics

Journal Articles

2022

1. Editorial: Expansionary Monetary Policy and the Design of Debt Rules in the European Union
   The Economists' Voice, 2022, 19, (1), 1-3
2. Inflation auf Rekordniveau – wie kann die Politik die Folgen abfedern?
   ifo Schnelldienst, 2022, 75, (07), 03-25
3. Wohnimmobilienpreise, Inflationsmessung und Geldpolitik im Euroraum
   (Housing Prices, Inflation Measurement and Monetary Policy in the Euro Area)
   Wirtschaftsdienst, 2022, 102, (5), 402-407 View citations (1)
   See also Working Paper (2022)

2021

4. A Database and Index for Political Polarization in the EU
   Economics Bulletin, 2021, 41, (4), 2232-2248
5. Auch die Konsumentenpreisinflation dürfte auf längere Zeit steigen
   Wirtschaftsdienst, 2021, 101, (9), 684-687
6. Challenges for Monetary and Fiscal Policy in a Post-Covid-19 Order
   The Economists' Voice, 2021, 18, (1), 1-3
7. Covid-19 and the euthanasia of interest rates: A critical assessment of central bank policy in our times
   Journal of Policy Modeling, 2021, 43, (6), 1241-1258 View citations (3)
8. Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment
   The Economists' Voice, 2021, 18, (1), 81-99 View citations (1)
   See also Working Paper (2021)
9. Inflationsziel und Inflationsmessung in der Eurozone im Wandel
   (Inflation Targeting and Inflation Measurement in the Euro Area in Transition)
   Wirtschaftsdienst, 2021, 101, (8), 615-620 View citations (3)
   See also Working Paper (2021)
10. Macroeconomic Policy Making and Current Account Imbalances in the Euro Area
    Credit and Capital Markets, 2021, 53, (3), 347-373 View citations (1)
    See also Working Paper (2021)
11. The Impact of the Bank of Japan’s Low-Interest Rate Policy on the Japanese Banking Sector
    Credit and Capital Markets, 2021, 54, (4), 533-562
12. The Japanese Banks in the Lasting Low-, Zeroand Negative-Interest Rate Environment
    Credit and Capital Markets, 2021, 54, (1), 1-16
    See also Working Paper (2020)

2020

13. COVID 19 and Central Banks Dominate the Agenda
    The Economists' Voice, 2020, 17, (1), 04
14. Die Inflationsmessung erzeugt die Illusion der stabilen Kaufkraft
    Wirtschaftsdienst, 2020, 100, (11), 838-841 View citations (3)
15. Monetary Policy, Financial Regulation and Financial Stability: A Comparison between the Fed and the ECB in the Wake of the Global Financial Crisis
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2020, 71, (1), 180-210 View citations (1)
16. Nachruf auf Ansgar Belke
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2020, 71, (1), 369-369
17. Post-COVID-19 EMU: Economic Distancing by Parallel Currencies
    Intereconomics: Review of European Economic Policy, 2020, 55, (6), 387-391 View citations (1)
18. Soziale Marktwirtschaft damals und heute
    Zeitschrift für Wirtschaftspolitik, 2020, 69, (1), 1-24

2019

19. China's Overinvestment and International Trade Conflicts
    China & World Economy, 2019, 27, (5), 37-62
    See also Working Paper (2019)
20. Gewinner und Verlierer in der Welt dauerhafter Niedrigzinsen
    ifo Schnelldienst, 2019, 72, (20), 03-23
21. Monetary policy, inequality and political instability
    The World Economy, 2019, 42, (2), 614-634 View citations (9)
    See also Working Paper (2017)
22. The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union
    The Economists' Voice, 2019, 16, (1), 18 View citations (2)
    See also Working Paper (2018)
23. The Hardships of Brexit
    The Economists' Voice, 2019, 16, (1), 3

2018

24. Beyond Balassa and Samuelson: real convergence, capital flows, and competitiveness in Greece
    Empirica, 2018, 45, (2), 409-424 View citations (3)
    See also Working Paper (2015)
25. Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe
    The Economists' Voice, 2018, 15, (1), 16 View citations (4)
26. Net foreign asset positions and appreciation expectations on the Swiss franc and the Japanese Yen
    International Economics and Economic Policy, 2018, 15, (2), 261-280 View citations (1)
    See also Working Paper (2015)
27. Regional heterogeneity, the rise of public debt and monetary policy in post-bubble Japan: lessons for the EMU
    International Economics and Economic Policy, 2018, 15, (2), 405-428 View citations (1)
    See also Working Paper (2016)
28. The European Monetary Union on a Bumpy Road – Challenges and Solutions for an Uncertain Future
    The Economists' Voice, 2018, 15, (1), 3
29. Warum der frühe Ausstieg aus der finanziellen Repression lohnt
    (Why an Early Exit from Financial Repression is Worthwhile)
    Wirtschaftsdienst, 2018, 98, (7), 498-503
30. Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2018, 68, (1), 3-34 View citations (1)
    Also in ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2017, 68, (1), 3-34 (2017) View citations (1)
    See also Working Paper (2017)

2017

31. Exchange Rate Regime, Financial Market Bubbles and Long-term Growth in China: Lessons from Japan
    China & World Economy, 2017, 25, (1), 32-57 View citations (1)
    See also Working Paper (2016)
32. Monetary Policy Crisis Management as a Threat to Economic Order
    Credit and Capital Markets, 2017, 50, (2), 151-169 View citations (9)
    See also Working Paper (2017)
33. Monetary policy and overinvestment in East Asia and Europe
    Asia Europe Journal, 2017, 15, (4), 445-462 View citations (2)

2016

34. (DE)STABILIZING EXCHANGE RATE STRATEGIES IN EAST ASIAN MONETARY AND ECONOMIC INTEGRATION
    The Singapore Economic Review (SER), 2016, 61, (02), 1-24 View citations (3)
35. 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)
36. Finanzmarktblasen ohne Geldpolitik und ultralockere Geldpolitik ohne Verteilungseffekte
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2016, 67, (1), 573-574
37. Geldpolitik, Arabellion und Flüchtlingskrise: Die sehr lockere Geldpolitik der großen Industrieländer kommt in Form der Flüchtlingskrise auf Europa zurück
    Zeitschrift für Wirtschaftspolitik, 2016, 65, (3), 299-320
38. Limits of Monetary Policy Autonomy of East Asian Central Banks
    Applied Economics Quarterly (formerly: Konjunkturpolitik), 2016, 62, (3), 187-204
39. Monetary policies of industrial countries, emerging market credit cycles and feedback effects
    Journal of Policy Modeling, 2016, 38, (5), 855-873 View citations (5)
40. Ursachen und Folgen der Niedrigzinsen: Enteignung der Sparer?
    ifo Schnelldienst, 2016, 69, (13), 03-18
41. Zur Sinnsuche in der Volkswirtschaftslehre
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2016, 67, (1), 569-573

2015

42. Exchange Rate Challenges in Emerging Markets and Developing Countries—Introduction
    Review of Development Economics, 2015, 19, (3), 449-454 View citations (4)
43. Japans Lehren für das Schweizer Wechselkursdilemma
    Wirtschaftsdienst, 2015, 95, (3), 192-199
    See also Working Paper (2015)
44. Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets
    Review of Development Economics, 2015, 19, (3), 531-544 View citations (7)
    See also Working Paper (2014)
45. Monetary Policy and Structural Decline: Lessons from Japan for the European Crisis
    Asian Economic Papers, 2015, 14, (1), 124-150 View citations (15)

2014

46. China's Exchange Rate and Financial Repression: The Conflicted Emergence of the RMB as an International Currency
    China & World Economy, 2014, 22, (3), 1-35 View citations (12)
47. Negative Umverteilungs effekte und Reallohnrepression durch unkonventionelle Geldpolitik
    Wirtschaftsdienst, 2014, 94, (11), 792-797 View citations (2)

2013

48. Die japanischen Lehren für die europäische Krise
    Zeitschrift für Wirtschaftspolitik, 2013, 62, (1), 3-22 View citations (1)
    See also Working Paper (2012)
49. Fiscal divergence, current account divergence and TARGET2 imbalances in the EMU
    Intereconomics: Review of European Economic Policy, 2013, 48, (1), 51-58 View citations (21)
50. Four Generations of Global Imbalances
    Review of International Economics, 2013, 21, (1), 1-5 View citations (17)
51. Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
    Review of International Economics, 2013, 21, (5), 886-900 View citations (5)
    See also Working Paper (2009)
52. Short- and Long-term Growth Effects of Exchange Rate Adjustment
    Review of International Economics, 2013, 21, (1), 137-150 View citations (7)
    See also Working Paper (2013)

2012

53. China and Its Dollar Exchange Rate: A Worldwide Stabilising Influence?
    The World Economy, 2012, 35, (6), 667-693 View citations (29)
    See also Working Paper (2011)
54. Funktionswandel der EZB?
    Wirtschaftsdienst, 2012, 92, (2), 79-94 View citations (1)
    See also Working Paper (2012)
55. Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth
    Open Economies Review, 2012, 23, (5), 847-868 View citations (10)
    See also Working Paper (2012)
56. Leitzinssenkung auf historischem Allzeittief: Welche Folgen hat die Niedrigzinspolitik der EZB?
    ifo Schnelldienst, 2012, 65, (16), 3-19
57. Reverse Causality in Global and Intra-European Imbalances
    Review of International Economics, 2012, 20, (4), 674-690 View citations (14)

2011

58. A Vicious Cycle of Manias, Crises and Asymmetric Policy Responses – An Overinvestment View
    The World Economy, 2011, 34, (3), 382-403 View citations (29)
    See also Working Paper (2009)
59. Exchange rate and wage policies in Central and Eastern Europe
    Journal of Policy Modeling, 2011, 33, (3), 347-360 View citations (2)
60. Inter-temporal savings, current account trends and asymmetric shocks in a heterogeneous European Monetary Union
    Intereconomics: Review of European Economic Policy, 2011, 46, (3), 153-160 View citations (10)
61. Mindestkurs für den Schweizer Franken: Gefährlicher Interventionismus der SNB?
    ifo Schnelldienst, 2011, 64, (19), 03-16
62. Strukturelle Verzerrungen im Währungskrieg
    Wirtschaftsdienst, 2011, 91, (2), 102-106 View citations (2)
63. The theory of optimum currency areas and growth in emerging markets
    Applied Economics Letters, 2011, 18, (6), 513-517 View citations (2)
    See also Working Paper (2010)
64. Umbruch im Weltwährungssystem: Sollte die Zeit freier Wechselkurse beendet werden?
    ifo Schnelldienst, 2011, 64, (07), 03-09

2010

65. Auswirkungen der Krise auf Schwellenländer: Welches Entwicklungsmodell hat sich bewährt?
    ifo Schnelldienst, 2010, 63, (06), 03-17
66. Current account balances and structural adjustment in the euro area
    International Economics and Economic Policy, 2010, 7, (1), 83-127 View citations (40)
    See also Working Paper (2010)
67. Europäischer geldpolitischer Exit im Zeichen von QE2 und Staatsanleihekäufen der EZB
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2010, 79, (4), 147-161 View citations (2)

2009

68. Asymmetrische makropolitiken und eingetrübte wachstumsperspektiven
    Wirtschaftsdienst, 2009, 89, (10), 660-664 View citations (2)
69. Eurovisionen in Mittel- und Osteuropa im Zeichen der Finanzmärkte
    ifo Dresden berichtet, 2009, 16, (04), 39-44
70. Exchange Rate Volatility and Growth in Emerging Europe and East Asia
    Open Economies Review, 2009, 20, (4), 565-587 View citations (31)
    See also Working Paper (2007)
71. Folgen der Finanzkrise für die globalen Wirtschaftsbeziehungen
    Wirtschaftsdienst, 2009, 89, (3), 147-171 View citations (1)
72. GLOBAL ASYMMETRIES IN MONETARY POLICY OPERATIONS: DEBTOR CENTRAL BANKS OF THE MENA REGION
    Manchester School, 2009, 77, (s1), 85-107 View citations (6)
73. Geldpolitisches Kräftemessen
    Wirtschaftsdienst, 2009, 89, (8), 498-499
74. Japanese foreign exchange intervention and the yen-to-dollar exchange rate: A simultaneous equations approach using realized volatility
    Journal of International Financial Markets, Institutions and Money, 2009, 19, (3), 490-505 View citations (9)
    See also Working Paper (2006)
75. Policy Implications of Global Asymmetric Current Account Positions
    Review of Economics, 2009, 60, (2), 103-137 View citations (5)
76. The Case for Stabilizing China's Exchange Rate: Setting the Stage for Fiscal Expansion
    China & World Economy, 2009, 17, (1), 1-32 View citations (61)

2008

77. A role model for China? Exchange rate flexibility and monetary policy in Japan
    China Economic Review, 2008, 19, (2), 183-196 View citations (16)
    See also Working Paper (2007)
78. A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
    International Economics and Economic Policy, 2008, 5, (4), 389-401 View citations (10)
    See also Working Paper (2006)
79. Exchange Rate Stability, Inflation, and Growth in (South) Eastern and Central Europe
    Review of Development Economics, 2008, 12, (3), 530-549 View citations (71)
80. Exchange rate volatility and growth in small open economies at the EMU periphery
    Economic Systems, 2008, 32, (1), 70-91 View citations (60)
    See also Working Paper (2007)
81. Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets: An Overinvestment View
    The World Economy, 2008, 31, (9), 1226-1252 View citations (60)
    See also Working Paper (2007)

2007

82. Geldpolitik am Scheideweg
    Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), 2007, 87, (9), 558-559
83. Geldpolitik, vagabundierende Liquidität und platzende Blasen in neuen aufstrebenden Märkten
    Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), 2007, 87, (4), 220-224

2006

84. China's Exchange Rate and International Adjustment in Wages, Prices and Interest Rates: Japan Déjà Vu?
    CESifo Economic Studies, 2006, 52, (2), 276-303 View citations (27)
    See also Working Paper (2006)
85. Devaluing the dollar: A critical analysis of William Cline's case for a New Plaza Agreement
    Journal of Policy Modeling, 2006, 28, (6), 683-694 View citations (21)
86. Erweiterung der Eurozone: Welche Auswirkungen hat dies auf die europäische Wirtschaft?
    ifo Schnelldienst, 2006, 59, (22), 03-18
87. The US Dollar and the Euro as International Currencies
    Intereconomics: Review of European Economic Policy, 2006, 41, (3), 124-141

2005

88. International capital markets and exchange rate stabilization in the CIS
    Journal of Comparative Economics, 2005, 33, (3), 425-440 View citations (10)
    See also Working Paper (2005)
89. Nominal Versus Real Convergence – EMU Entry Scenarios for the New Member States
    Kyklos, 2005, 58, (4), 537-555 View citations (52)

2004

90. De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe
    Aussenwirtschaft, 2004, 59, (02), 171-190 View citations (9)
    See also Working Paper (2004)
91. EMU entry strategies for the new member states
    Intereconomics: Review of European Economic Policy, 2004, 39, (5), 241-246 View citations (13)
92. The East Asian Dollar Standard, Fear of Floating, and Original Sin
    Review of Development Economics, 2004, 8, (3), 331-360 View citations (153)
    See also Working Paper (2003)
93. The Return to Soft Dollar Pegging in East Asia: Mitigating Conflicted Virtue
    International Finance, 2004, 7, (2), 169-201 View citations (86)
    See also Working Paper (2004)

2003

94. Synchronised Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate
    The World Economy, 2003, 26, (8), 1067-1088 View citations (32)
    See also Working Paper (2003)

2002

95. Besprechungen
    ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2002, 53, (1), 329-484
    Also in ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2000, 51, (1), 479-566 (2000)
96. Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
    Japan and the World Economy, 2002, 14, (4), 425-444 View citations (31)
    See also Working Paper (2005)

2001

97. Purchasing Power Parity and the Yen/Dollar Exchange Rate
    The World Economy, 2001, 24, (1), 31-50 View citations (7)
98. Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2001, 70, (4), 489-503 View citations (7)
    See also Working Paper (2004)

1998

99. Goals, decision-making mechanisms and instruments in the Japanese-American trade conflict
    Intereconomics: Review of European Economic Policy, 1998, 33, (3), 126-135

1996

100. Balance of trade and government intervention — Japan as a role model?
     Intereconomics: Review of European Economic Policy, 1996, 31, (4), 189-196 View citations (2)

Books

2020

1. Japans Banken in der Krise
   Springer Books, Springer View citations (1)

Chapters

2015

1. Externally Imposed Financial Repression, Conflicted Internationalisation of the Renminbi and External Balancing via Wage Adjustment
   Springer

2012

2. German unification and intra- European imbalances
   Chapter 7 in European Integration in a Global Economy, 2012, pp 53-68

2009

3. Capital Markets and Exchange Rate Stabilization in East Asia: Diversifying Risk Based on Currency Baskets
   Chapter 10 in Towards Monetary and Financial Integration in East Asia, 2009
   See also Working Paper (2006)
4. Current Account Surpluses and Conflicted Virtue in East Asia: China and Japan under the Dollar Standard
   Chapter 7 in Towards Monetary and Financial Integration in East Asia, 2009 View citations (2)