Details about Volker Wieland

Homepage:	http://www.volkerwieland.com
Phone:	+49 69 798 25290
Postal address:	Volker Wieland Goethe University at Frankfurt Department of Economics and Business Administration Mertonstrasse 17 D-60054 Frankfurt am Main Germany
Workplace:	Fachbereich Wirtschaftswissenschaft (Faculty of Economics and Business Administration), Goethe Universität Frankfurt am Main (Goethe University Frankfurt), (more information at EDIRC)

Access statistics for papers by Volker Wieland.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pwi9

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Working Papers

2022

1. A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (2)
   Also in Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (2022) View citations (2)
2. Government bond rates and interest expenditure of large euro area member states: A scenario analysis
   Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung
   Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2022)
3. Green Deal auf Kosten des Wettbewerbs?
   Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
4. Krankenhausversorgung in Deutschland: Diagnose und Therapie
   Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin

2021

5. Die Herausforderungen jetzt annehmen! Demografischer Wandel, Klimaschutz, Digitalisierung
   Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
6. Die geldpolitische Strategie der Europäischen Zentralbank: Was geändert werden sollte und was nicht
   Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
7. The decline in euro area inflation and the choice of policy strategy
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (3)
8. The monetary policy strategy of the European Central Bank: Review and recommendations
   Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin

2020

9. 30 Jahre Wiedervereinigung: Mehr Mut zur Vielfalt
   Argumente zur Marktwirtschaft und Politik, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
10. Kein Rückzug in die Festung Europa!
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
11. No retreat into fortress Europe!
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
12. The German Federal Constitutional Court Ruling and the European Central Bank's Strategy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2020) View citations (3)
    Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V. (2020) View citations (2)
13. The ruling of the Federal Constitutional Court concerning the public sector purchase program: A practical way forward
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (3)
14. Verfahren zum Anleihekaufprogramm der EZB
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (2)

2019

15. On the Macroeconomic and Fiscal Effects of the Tax Cuts and Jobs Act
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2019) View citations (8)
    Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (2019) View citations (6)

2018

16. Robust Macroprudential Policy Rules under Model Uncertainty
    VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy, Verein für Socialpolitik / German Economic Association View citations (5)
17. Unternehmensbesteuerung unter Wettbewerbsdruck
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)

2017

18. How to normalize monetary policy in the Euro area
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (4)
19. Instability, imprecision and inconsistent use of equilibrium real interest rate estimates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2017) View citations (17)
    See also Journal Article in Journal of International Money and Finance (2019)
20. Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2017) View citations (11)
21. Neue Diskriminierungsverbote für die digitale Welt?
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
22. Weckruf für die deutsche Wirtschaftspolitik
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)

2016

23. Das entgrenzte Mandat der EZB: Das OMT-Urteil des EuGH und seine Folgen
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (3)
24. Dismantling the boundaries of the ECB's monetary policy mandate: The CJEU's OMT judgement and its consequences
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
25. Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
    Economics Working Papers, Hoover Institution, Stanford University View citations (54)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2016) View citations (56)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (53)
    See also Journal Article in Business Economics (2016)
26. Forward guidance and "lower for longer": The case of the ECB
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (13)
27. Für eine echte Reform der Bund-Länder-Finanzbeziehungen
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
28. New Methods for Macro-Financial Model Comparison and Policy Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2016) View citations (28)
    See also Chapter (2016)
29. Schätzung des mittelfristigen Gleichgewichtszinses in den Vereinigten Staaten, Deutschland und dem Euro-Raum mit der Laubach-Williams-Methode
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (11)
    Also in Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (2015) View citations (9)

2015

30. Erbschaftsteuer: Neu ordnen statt nachbessern
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
31. Keine Notwendigkeit einer Reform des Gesetzes zur Förderung der Stabilität und des Wachstums der Wirtschaft
    Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung View citations (4)
32. Monetary Cross-Checking in Practice
    VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy, Verein für Socialpolitik / German Economic Association View citations (6)

2014

33. Europäische Bankenunion: Vom Prinzip Hoffnung zum Prinzip Haftung
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
34. Is there a threat of self-reinforcing deflation in the Euro area? A view through the lens of the Phillips curve
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (5)
    Also in Kiel Policy Brief, Kiel Institute for the World Economy (IfW Kiel) (2014) View citations (5)
35. Neustart in der Energiepolitik jetzt!
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)

2013

36. Bildungsfinanzierung neu gestalten
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (3)
37. Estimating the European Central Bank's "Extended Period of Time"
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (7)
38. Fiscal Consolidation Strategy: An Update For The Budget Reform Proposal of March 2013
    Economics Working Papers, Hoover Institution, Stanford University View citations (10)
    Also in Discussion Papers, Stanford Institute for Economic Policy Research (2013) View citations (10)
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2013) View citations (10)
39. Renaissance der Angebotspolitik
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
40. The European Central Bank's outright monetary transactions and the Federal Constitutional Court of Germany
    SAFE White Paper Series, Leibniz Institute for Financial Research SAFE View citations (9)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2013) View citations (7)

2012

41. A New Comparative Approach to Macroeconomic Modeling and Policy Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (157)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (120)
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (122)
    See also Journal Article in Journal of Economic Behavior & Organization (2012)
42. Complexity and Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (7)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (7)
    See also Journal Article in International Journal of Central Banking (2013)
43. Fiscal Consolidation Strategy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (6)
    Discussion Papers, Stanford Institute for Economic Policy Research (2012) View citations (5)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (13)
    See also Journal Article in Journal of Economic Dynamics and Control (2013)
44. Forecasting and policy making
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (49)
    See also Chapter (2013)
45. Monetary theory and monetary policy: Reflections on the development over the last 150 years
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (6)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2012) View citations (5)
    See also Journal Article in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) (2013)
46. Reform der Geldbußen im Kartellrecht überfällig / Reform of the fining practices in competition law
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
47. Surprising comparative properties of monetary models: Results from a new model database
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (49)
    Also in Working Paper Series, European Central Bank (2010) View citations (5)
    See also Journal Article in The Review of Economics and Statistics (2012)
48. The new keynesian approach to dynamic general equilibrium modeling: Models, methods, and macroeconomic policy evaluation
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (3)
    See also Chapter (2013)
49. Wie viel Koordinierung braucht Europa?
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (2)

2011

50. Asset Pricing under Rational Learning about Rare Disasters
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (9)
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2011) View citations (9)
51. Systemstabilität für die Finanzmärkte
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin

2010

52. Keynesian government spending multipliers and spillovers in the euro area
    Working Paper Series, European Central Bank View citations (20)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (71)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (41)
    See also Journal Article in Economic Policy (2011)
53. Money in monetary policy design: Monetary cross-checking in the New-Keynesian model
    Working Paper Series, European Central Bank View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (2)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (2)
54. The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2010) View citations (15)
    CFS Working Paper Series, Center for Financial Studies (2010)
    See also Journal Article in Economic Theory (2011)

2009

55. Fiscal stimulus and the promise of future spending cuts
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
56. Fiscal stimulus and the promise of future spending cuts: A comment
    CFS Working Paper Series, Center for Financial Studies (CFS)
57. New Keynesian Versus Old Keynesian Government Spending Multipliers
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (197)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (137)
    Working Paper Series, European Central Bank (2009) View citations (138)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (129)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (140)
    See also Journal Article in Journal of Economic Dynamics and Control (2010)
58. Quantitative Easing: A Rationale and Some Evidence from Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (13)
    See also Chapter (2010)
    Journal Article in NBER International Seminar on Macroeconomics (2010)
59. Surprising Comparative Properties of Monetary Models: Results from a New Data Base
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (23)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (22)

2008

60. Central Bank Misperceptions and the Role of Money in Interest Rate Rules
    CFS Working Paper Series, Center for Financial Studies
    Also in Discussion Papers, Stanford Institute for Economic Policy Research (2008) View citations (61)
    Working Paper Series, European Central Bank (2008) View citations (61)
    Working Paper Research, National Bank of Belgium (2008) View citations (60)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (61)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (61)
    See also Journal Article in Journal of Monetary Economics (2008)
61. Economic Projections and Rules-of-Thumb for Monetary Policy
    CFS Working Paper Series, Center for Financial Studies
    Also in Discussion Papers, Stanford Institute for Economic Policy Research (2008) View citations (72)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (78)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (72)
    See also Journal Article in Review (2008)
62. Insurance Policies for Monetary Policy in the Euro Area
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (6)
    Also in CFS Working Paper Series, Center for Financial Studies (2005)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (11)
    Working Paper Series, European Central Bank (2005) View citations (13)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2005) View citations (11)
    Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (11)
    Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (4)
    See also Journal Article in Journal of the European Economic Association (2010)
63. Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in CFS Working Paper Series, Center for Financial Studies (2008)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (1)
    Working Papers Central Bank of Chile, Central Bank of Chile (2008) View citations (1)
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2008)
    Chapter (2009)

2007

64. Money in Monetary Policy Design under Uncertainty: A Formal Characterization of ECB-Style Cross-Checking
    CFS Working Paper Series, Center for Financial Studies
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (1)
65. Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips Curve versus ECB-Style Cross-Checking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (8)
    CFS Working Paper Series, Center for Financial Studies (2007)
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2007) View citations (14)
66. Money in Monetary Policy Design: A Formal Characterization of ECB-Style Cross-Checking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (52)
    See also Journal Article in Journal of the European Economic Association (2007)

2006

67. Mean Variance Optimization of Non-Linear Systems and Worst-case Analysis
    CFS Working Paper Series, Center for Financial Studies View citations (1)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006)
68. Robustness of computer algorithms to simulate optimal experimentation problems
    Computing in Economics and Finance 2006, Society for Computational Economics
69. The European Central Bank
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (5)

2005

70. A Numerical Dynamic Programming Algorithm for Optimal Learning Problems
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (1)
71. A Quantitative Exploration of the Opportunistic Approach to Disinflation
    CFS Working Paper Series, Center for Financial Studies
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (11)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2005) View citations (8)
    See also Journal Article in Journal of Monetary Economics (2006)
72. Mean Variance Optimization of Forward Looking Systems and Worst-case Analysis
    Computing in Economics and Finance 2005, Society for Computational Economics
73. Stochastic Optimization and Worst Case Analysis in Monetary Policy Design
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in CFS Working Paper Series, Center for Financial Studies (2005)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2005) View citations (4)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (6)
    See also Journal Article in Computational Economics (2007)

2004

74. Exchange Rate Policy and the Zero Bound on Nominal Interest Rates
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (50)
    Also in Working Paper Series, European Central Bank (2004) View citations (50)
    MPRA Paper, University Library of Munich, Germany (2004) View citations (51)
    See also Journal Article in American Economic Review (2004)
75. Exchange-Rate Policy and the Zero Bound on Nominal Interest
    CFS Working Paper Series, Center for Financial Studies
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2004) View citations (50)

2003

76. A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities
    CFS Working Paper Series, Center for Financial Studies
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (4)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (6)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (79)
    Working Paper Series, European Central Bank (2000) View citations (92)
    See also Journal Article in European Economic Review (2005)
77. Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in CFS Working Paper Series, Center for Financial Studies (2003)
    Working Paper Series, European Central Bank (2001) View citations (62)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (38)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (5)
    See also Journal Article in European Economic Review (2005)
78. Monetary Policy and Uncertainty about the Natural Unemployment Rate
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (10)
    Also in CFS Working Paper Series, Center for Financial Studies (2003)
    Computing in Economics and Finance 1997, Society for Computational Economics View citations (131)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (9)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (40)
79. Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero
    CFS Working Paper Series, Center for Financial Studies
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (21)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (13)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (130)
    Working Paper Series, European Central Bank (2003) View citations (51)
    See also Journal Article in The B.E. Journal of Macroeconomics (2004)
80. The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty
    CFS Working Paper Series, Center for Financial Studies
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (261)
    Working Paper Series, European Central Bank (2001) View citations (45)
    Computing in Economics and Finance 2000, Society for Computational Economics (2000) View citations (6)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (36)
    See also Journal Article in American Economic Review (2003)
81. The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (141)
    Also in Working Paper Series, European Central Bank (2003) View citations (144)
    Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (137)
    See also Journal Article in Journal of Monetary Economics (2003)
82. The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (138)
    Also in CFS Working Paper Series, Center for Financial Studies (2003)

2002

83. Inflation Dynamics and International Linkages: A Model of the United States, the Euro Area and Japan
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (47)
    Also in Working Paper Series, European Central Bank (2002) View citations (49)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (18)
84. Optimisation of Stochastic Systems and Worst-case Analysis
    Computing in Economics and Finance 2002, Society for Computational Economics

2001

85. A Worst--Case Approach to Inflation Zone Targeting
    Computing in Economics and Finance 2001, Society for Computational Economics
86. Evaluating Information Variables for Monetary Policy in a Noisy Economic Environment
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (3)
87. Learning, Stabilization and Credibility: Optimal Monetary Policy in a Changing Economy
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (2)
88. NAIRU uncertainty and nonlinear policy rules
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (41)
    See also Journal Article in American Economic Review (2001)

2000

89. A SIMPLE ESTIMATED EURO AREA MODEL WITH RATIONAL EXPECTATIONS AND NOMINAL RIGIDITIES
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (57)

1999

90. Efficient monetary policy design near price stability
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (14)
    See also Journal Article in Journal of the Japanese and International Economies (2000)
91. Inflation zone targeting
    Working Paper Series, European Central Bank View citations (22)
    See also Journal Article in European Economic Review (2000)
92. Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (33)
    See also Journal Article in Journal of Economics and Business (2000)
93. Learning and Control: Optimal Decision-Making in a Changing Economic Environment
    Computing in Economics and Finance 1999, Society for Computational Economics
94. Monetary policy, parameter uncertainty and optimal learning
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
    Also in ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies (1999) View citations (3)
    See also Journal Article in Journal of Monetary Economics (2000)
95. The Performance of Forward-Looking Monetary Policy Rules under Model Uncertainty
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (9)

1998

96. Robustness of Simple Monetary Policy Rules under Model Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (125)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (212)
    See also Chapter (1999)

1996

97. Learning by doing and the value of optimal experimentation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (18)
    See also Journal Article in Journal of Economic Dynamics and Control (2000)

Journal Articles

2022

1. Konjunkturzyklen in Deutschland – die Datierung durch den Sachverständigenrat
   Perspektiven der Wirtschaftspolitik, 2022, 23, (3), 200-240

2020

2. Die Bewältigung des Corona-Schocks
   Wirtschaftsdienst, 2020, 100, (7), 489-493

2019

3. Instability, imprecision and inconsistent use of equilibrium real interest rate estimates
   Journal of International Money and Finance, 2019, 94, (C), 1-14 View citations (27)
   See also Working Paper (2017)

2017

4. Die Balance zwischen Eigenverantwortung und gemeinschaftlichem Handeln für ein starkes Europa
   (The Balance Between National Responsibility and Joint Action for a Strong Europe)
   Wirtschaftsdienst, 2017, 97, (7), 477-483 View citations (1)
5. Lower for longer: The case of the ECB
   Economics Letters, 2017, 159, (C), 123-127 View citations (20)

2016

6. Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
   Business Economics, 2016, 51, (3), 147-154 View citations (51)
   See also Working Paper (2016)

2015

7. Europäische Union – Vertiefung möglich und nötig?
   Wirtschaftsdienst, 2015, 95, (9), 583-602

2013

8. Complexity and Monetary Policy
   International Journal of Central Banking, 2013, 9, (1), 167-204 View citations (50)
   See also Working Paper (2012)
9. Fiscal consolidation strategy
   Journal of Economic Dynamics and Control, 2013, 37, (2), 404-421 View citations (79)
   See also Working Paper (2012)
10. Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2013, 233, (3), 423-445 View citations (18)
    See also Working Paper (2012)

2012

11. A new comparative approach to macroeconomic modeling and policy analysis
    Journal of Economic Behavior & Organization, 2012, 83, (3), 523-541 View citations (121)
    See also Working Paper (2012)
12. Surprising Comparative Properties of Monetary Models: Results from a New Model Database
    The Review of Economics and Statistics, 2012, 94, (3), 800-816 View citations (63)
    See also Working Paper (2012)

2011

13. Keynesian government spending multipliers and spillovers in the euro area
    (Fiscal policy and growth: do financial crises make a difference?)
    Economic Policy, 2011, 26, (67), 493-549 View citations (92)
    See also Working Paper (2010)
14. The diversity of forecasts from macroeconomic models of the US economy
    Economic Theory, 2011, 47, (2), 247-292 View citations (41)
    See also Working Paper (2010)

2010

15. Commentary: Fiscal Stimulus and the Promise of Future Spending Cuts
    International Journal of Central Banking, 2010, 6, (1), 39-50 View citations (4)
16. Corrigendum to "New Keynesian versus old Keynesian government spending multipliers" [J. Econ. Dynam. Control 34(3) (2010) 281-295]
    Journal of Economic Dynamics and Control, 2010, 34, (10), 2229-2229 View citations (7)
17. Insurance Policies for Monetary Policy in the Euro Area
    Journal of the European Economic Association, 2010, 8, (4), 872-912 View citations (35)
    Also in Journal of the European Economic Association, 2010, 8, (4), 872-912 (2010) View citations (35)
    See also Working Paper (2008)
18. New Keynesian versus old Keynesian government spending multipliers
    Journal of Economic Dynamics and Control, 2010, 34, (3), 281-295 View citations (463)
    See also Working Paper (2009)
19. Quantitative Easing: A Rationale and Some Evidence from Japan
    NBER International Seminar on Macroeconomics, 2010, 6, (1), 354 - 366 View citations (6)
    See also Working Paper (2009)
    Chapter (2010)

2009

20. Mean and variance optimization of non–linear systems and worst–case analysis
    Computational Optimization and Applications, 2009, 43, (2), 235-259

2008

21. Central bank misperceptions and the role of money in interest-rate rules
    Journal of Monetary Economics, 2008, 55, (Supplement 1), S1-S17 View citations (62)
    See also Working Paper (2008)
22. Economic projections and rules of thumb for monetary policy
    Review, 2008, 90, (Jul), 307-324 View citations (38)
    See also Working Paper (2008)
23. Learning, Endogenous Indexation, and Disinflation in the New-Keynesian Model
    Journal Economía Chilena (The Chilean Economy), 2008, 11, (3), 21-44 View citations (1)
    See also Chapter (2009)
    Working Paper (2008)

2007

24. Money in Monetary Policy Design: A Formal Characterization of ECB-Style Cross-Checking
    Journal of the European Economic Association, 2007, 5, (2-3), 524-533 View citations (53)
    See also Working Paper (2007)
25. Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design
    Computational Economics, 2007, 30, (4), 329-347 View citations (9)
    See also Working Paper (2005)

2006

26. A quantitative exploration of the opportunistic approach to disinflation
    Journal of Monetary Economics, 2006, 53, (8), 1877-1893 View citations (53)
    See also Working Paper (2005)
27. Monetary Policy and Uncertainty about the Natural Unemployment Rate: Brainard-Style Conservatism versus Experimental Activism
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-34 View citations (34)

2005

28. A small estimated euro area model with rational expectations and nominal rigidities
    European Economic Review, 2005, 49, (5), 1081-1104 View citations (89)
    See also Working Paper (2003)
29. Certainty equivalence - discussion
    Proceedings, 2005, 39-51
30. Data uncertainty and the role of money as an information variable for monetary policy
    European Economic Review, 2005, 49, (4), 975-1006 View citations (107)
    See also Working Paper (2003)

2004

31. Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates
    American Economic Review, 2004, 94, (2), 80-84 View citations (51)
    See also Working Paper (2004)
32. Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero
    The B.E. Journal of Macroeconomics, 2004, 4, (1), 1-25 View citations (144)
    See also Working Paper (2003)

2003

33. The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty
    American Economic Review, 2003, 93, (3), 622-645 View citations (301)
    See also Working Paper (2003)
34. The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan
    Journal of Monetary Economics, 2003, 50, (5), 1071-1101 View citations (143)
    See also Working Paper (2003)

2002

35. Learning and control in a changing economic environment
    Journal of Economic Dynamics and Control, 2002, 26, (9-10), 1359-1377 View citations (98)

2001

36. NAIRU Uncertainty and Nonlinear Policy Rules
    American Economic Review, 2001, 91, (2), 226-231 View citations (39)
    See also Working Paper (2001)

2000

37. Efficient Monetary Policy Design near Price Stability
    Journal of the Japanese and International Economies, 2000, 14, (4), 327-365 View citations (144)
    See also Working Paper (1999)
38. Inflation zone targeting
    European Economic Review, 2000, 44, (7), 1351-1387 View citations (140)
    See also Working Paper (1999)
39. Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence
    Journal of Economics and Business, 2000, 52, (1-2), 205-228 View citations (269)
    See also Working Paper (1999)
40. Learning by doing and the value of optimal experimentation
    Journal of Economic Dynamics and Control, 2000, 24, (4), 501-534 View citations (63)
    See also Working Paper (1996)
41. Monetary policy, parameter uncertainty and optimal learning
    Journal of Monetary Economics, 2000, 46, (1), 199-228 View citations (111)
    See also Working Paper (1999)

1996

42. Monetary policy targets and the stabilization objective: a source of tension in the EMS
    Journal of International Money and Finance, 1996, 15, (1), 95-116 View citations (26)

Books

2021

1. Transformation gestalten: Bildung, Digitalisierung und Nachhaltigkeit. Jahresgutachten 2021/22, vol 2021/22
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2020

2. Corona-Krise gemeinsam bewältigen, Resilienz und Wachstum stärken. Jahresgutachten 2020/21, vol 2020/21
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung
3. Die gesamtwirtschaftliche Lage angesichts der Corona-Pandemie
   Special Reports / Sondergutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung View citations (3)

2019

4. Aufbruch zu einer neuen Klimapolitik
   Special Reports / Sondergutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung View citations (2)
5. Den Strukturwandel meistern. Jahresgutachten 2019/20, vol 2019/20
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2018

6. Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19, vol 2018/19
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2017

7. Für eine zukunftsorientierte Wirtschaftspolitik. Jahresgutachten 2017/18, vol 2017/18
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2016

8. Zeit für Reformen. Jahresgutachten 2016/17, vol 2016/17
   Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2015

9. Konsequenzen aus der Griechenland-Krise für einen stabileren Euro-Raum
   Special Reports / Sondergutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung
10. Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16, vol 2015/16
    Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

2014

11. Mehr Vertrauen in Marktprozesse. Jahresgutachten 2014/15, vol 2014/15
    Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung View citations (1)

2013

12. Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14, vol 2013/14
    Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

Edited books

2010

1. The Science and Practice of Monetary Policy Today
   Springer Books, Springer View citations (22)

Chapters

2018

1. The Natural Rate
   Chapter 2 in Bankruptcy Not Bailout, 2018 View citations (1)

2016

2. New Methods for Macro-Financial Model Comparison and Policy Analysis
   Elsevier View citations (27)
   See also Working Paper (2016)

2013

3. Forecasting and Policy Making
   Elsevier View citations (44)
   See also Working Paper (2012)
4. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
   Elsevier View citations (7)
   See also Working Paper (2012)

2012

5. Model comparison and robustness: a proposal for policy analysis after the financial crisis
   Chapter 2 in What’s Right with Macroeconomics?, 2012, pp 33-67

2010

6. Quantitative Easing: A Rationale and Some Evidence from Japan
   A chapter in NBER International Seminar on Macroeconomics 2009, 2010, pp 354-366 View citations (6)
   See also Working Paper (2009)
   Journal Article in NBER International Seminar on Macroeconomics (2010)

2009

7. Learning, Endogenous Indexation, and Disinflation in the New-Keynesian Model
   Chapter 11 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 413-450 View citations (8)
   See also Working Paper (2008)
   Journal Article in Journal Economía Chilena (The Chilean Economy) (2008)

1999

8. Robustness of Simple Monetary Policy Rules under Model Uncertainty
   A chapter in Monetary Policy Rules, 1999, pp 263-318 View citations (378)
   See also Working Paper (1998)

Editor

1. Journal of Economic Dynamics and Control
   Elsevier