Details about Guntram Wolff
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Last updated 2022-06-21. Update your information in the RePEc Author Service.
Short-id: pwo44
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Working Papers
2022
- Cutting Putin’s Energy Rent: 'Smart Sanctioning' Russian Oil and Gas
CID Working Papers, Center for International Development at Harvard University
- The Global Quest for Green Growth: An Economic Policy Perspective
ULB Institutional Repository, ULB -- Universite Libre de Bruxelles 
See also Journal Article in Sustainability (2022)
2021
- A green fiscal pact- climate investment in times of budget consolidation
Policy Contributions, Bruegel View citations (4)
- Can climate change be tackled without ditching economic growth?
Working Papers, Bruegel
- Reducing mobility of SARS-CoV-2 variants to safeguard containment
Working Papers, Bruegel View citations (1)
See also Journal Article in Intereconomics: Review of European Economic Policy (2021)
- The geopolitics of the European Green Deal
Policy Contributions, Bruegel View citations (6)
- The great COVID-19 divergence- managing a sustainable and equitable recovery in the European Union
Policy Contributions, Bruegel View citations (1)
2020
- An effective economic response to the Coronavirus in Europe
Policy Contributions, Bruegel View citations (5)
- From climate change to cyber attacks- Incipient financial-stability risks for the euro area
Policy Contributions, Bruegel
- Is the COVID-19 crisis an opportunity to boost the euro as a global currency?
Policy Contributions, Bruegel View citations (2)
- Rebooting Europe- a framework for a post COVID-19 economic recovery
Policy Briefs, Bruegel View citations (3)
2019
- A strategic agenda for the new EU leadership
Policy Briefs, Bruegel
- Hybrid and cybersecurity threats and the European Union’s financial system
Policy Contributions, Bruegel
- Promoting sustainable and inclusive growth and convergence in the European Union
Policy Contributions, Bruegel View citations (4)
- Redefining Europe’s economic sovereignty
Policy Contributions, Bruegel View citations (9)
- The European Union’s response to the trade crisis
Policy Contributions, Bruegel View citations (1)
- The implications of no-deal Brexit- is the European Union prepared?
Policy Contributions, Bruegel View citations (1)
- The threats to the European Union’s economic sovereignty
Policy Briefs, Bruegel
- What drives implementation of the European Union's policy recommendations to its member countries?
CEPR Discussion Papers, C.E.P.R. Discussion Papers
- What drives national implementation of EU policy recommendations?
Working Papers, Bruegel View citations (5)
2018
- Is the European Semester effective and useful?
Policy Contributions, Bruegel View citations (13)
- Making a reality of Europe’s Capital Markets Union
Policy Contributions, Bruegel View citations (3)
- One size does not fit all- European integration by differentiation
Policy Briefs, Bruegel View citations (5)
- Rethinking the European Union’s post-Brexit budget priorities
Policy Briefs, Bruegel View citations (2)
- The economic potential and risks of crypto assets- is a regulatory framework needed?
Policy Contributions, Bruegel View citations (7)
2017
- Beyond the Juncker and Schäuble visions of euro-area governance
Policy Briefs, Bruegel View citations (2)
- Capital Markets Union and the fintech opportunity
Policy Contributions, Bruegel View citations (3)
See also Journal Article in Journal of Financial Regulation (2018)
- Europe in a new world order
Policy Briefs, Bruegel View citations (2)
See also Journal Article in Wirtschaftsdienst (2018)
- Europe’s role in North Africa: development, investment and migration
Policy notes & Policy briefs, Policy Center for the New South View citations (1)
- Europe’s role in North Africa- development, investment and migration
Policy Contributions, Bruegel
- Is Brexit an opportunity to reform the European Parliament?
Policy Contributions, Bruegel View citations (1)
- Making the best of the European single market
PSE-Ecole d'économie de Paris (Postprint), HAL View citations (1)
Also in Policy Contributions, Bruegel (2017) View citations (2) Post-Print, HAL (2017) View citations (1)
- The global decline in the labour income share- is capital the answer to Germany’s current account surplus?
Policy Contributions, Bruegel View citations (13)
- Tirer le meilleur du marché unique européen
Post-Print, HAL View citations (1)
2016
- One market, two monies- the European Union and the United Kingdom
Policy Briefs, Bruegel View citations (3)
- Quelle union budgétaire pour la zone euro ?
SciencePo Working papers, HAL 
Also in Post-Print, HAL (2016)  Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2016) View citations (2) Post-Print, HAL (2016) View citations (1) Sciences Po publications, Sciences Po (2016) View citations (2)
- The effectiveness of the European Central Bank’s Asset Purchase Programme
Policy Contributions, Bruegel View citations (11)
- What are the prerequisites for a euro-area fiscal capacity?
Policy Contributions, Bruegel View citations (8)
See also Journal Article in Journal of Economic Policy Reform (2020)
- What impact does the ECB’s quantitative easing policy have on bank profitability?
Policy Contributions, Bruegel View citations (3)
- Which fiscal union for the euro area?
Policy Contributions, Bruegel View citations (28)
2015
- Capital Markets Union- a vision for the long term
Policy Contributions, Bruegel View citations (11)
See also Journal Article in Journal of Financial Regulation (2016)
- Euro-area governance- what to reform and how to do it
Policy Briefs, Bruegel View citations (17)
- European climate finance- securing the best return
Policy Briefs, Bruegel View citations (1)
- Is globalisation reducing the ability of central banks to control inflation?
Policy Contributions, Bruegel View citations (1)
- Mere criticism of the ECB is no solution
SAFE Policy Letters, Leibniz Institute for Financial Research SAFE
- Schriftliche Stellungnahme Bundestagsanhörung „Niedrigzinspolitik der EZB“
Policy Contributions, Bruegel
- The growing intergenerational divide in Europe
Policy Contributions, Bruegel View citations (4)
- The vulnerability of Europe's small and medium-sized banks
Working Papers, Bruegel
2014
- Addressing weak inflation- The European Central Bank's shopping list
Policy Contributions, Bruegel View citations (11)
- Benefits and drawbacks of European Unemployment Insurance
Policy Briefs, Bruegel View citations (18)
- Europe's social problem and its implications for economic growth
Policy Briefs, Bruegel View citations (2)
- Eurosystem collateral policy and framework- Was it unduly changed?
Policy Contributions, Bruegel View citations (10)
- No Industry, No Future?
PSE-Ecole d'économie de Paris (Postprint), HAL View citations (2)
Also in Working Papers, HAL (2014) View citations (2) Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2014) View citations (2)
- Pas d'industrie pas d'avenir ?
PSE-Ecole d'économie de Paris (Postprint), HAL 
Also in Working Papers, HAL (2014) View citations (1) Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2014) View citations (1)
- So far apart and yet so close- Should the ECB care about inflation differentials?
Policy Contributions, Bruegel View citations (5)
- The great transformation- Memo to the incoming EU Presidents
Policy Briefs, Bruegel View citations (1)
- The long haul- managing exit from financial assistance
Policy Contributions, Bruegel View citations (2)
2013
- Ending uncertainty- recapitalisation under European Central Bank supervision
Policy Contributions, Bruegel View citations (4)
- Europe's growth problem (and what to do about it)
Policy Briefs, Bruegel View citations (10)
- From Supervision to Resolution: Next Steps on the Road to European Banking Union
Policy Briefs, Peterson Institute for International Economics View citations (12)
Also in Policy Contributions, Bruegel (2013) View citations (9)
- Memo to Merkel- Post-election Germany and Europe
Policy Briefs, Bruegel
- Neuer Anlauf für die Eurozone: Drei Maßnahmen würden kurzfristige Risiken mildern und die Chance auf eine notwendige Vertragsreform verbessern
SWP-Aktuell, Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs
- Options for a Euro-area fiscal capacity
Policy Contributions, Bruegel View citations (23)
- Should Non-Euro Area Countries Join the Single Supervisory Mechanism?
CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies View citations (21)
Also in Policy Contributions, Bruegel (2013) View citations (18) Working Papers, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest (2013) View citations (18)
See also Journal Article in DANUBE: Law and Economics Review (2013)
- The neglected side of banking union- reshaping Europe’s financial system
Policy Contributions, Bruegel View citations (14)
2012
- A budget for Europe's monetary union
Policy Contributions, Bruegel View citations (16)
- Are banks affected by their holdings of government debt?
Working Papers, Bruegel View citations (78)
- Arithmetic is absolute- euro area adjustment
Policy Contributions, Bruegel View citations (5)
- Challenges for the euro area and implications for Latvia
Policy Contributions, Bruegel View citations (1)
- Corporate balance sheet adjustment- stylized facts, causes and consequences
Working Papers, Bruegel View citations (20)
Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2012) View citations (16)
See also Journal Article in Review of Economics (2013)
- On the effectiveness and legitimacy of EU economic policies
Policy Briefs, Bruegel
- Propping up Europe?
Policy Contributions, Bruegel View citations (15)
- The Messy Rebuilding of Europe
ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (8)
Also in Policy Briefs, Bruegel (2012) View citations (11)
- The debt challenge in Europe
Working Papers, Bruegel View citations (2)
- The fiscal implications of a banking union
Policy Briefs, Bruegel View citations (32)
- What Kind of Banking Union ?
ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (17)
- What kind of European banking union?
Policy Contributions, Bruegel View citations (39)
2011
- An Evaluation of IMF Surveillance of the Euro Area
ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (8)
See also Book (2011)
- An action plan for the European leaders
Policy Contributions, Bruegel View citations (3)
- Changing of the guard - Challenges ahead for the new ECB president
Policy Contributions, Bruegel
- How effective and legitimate is the European semester? Increasing role of the European parliament
Working Papers, Bruegel View citations (8)
- Is recent bank stress really driven by the sovereign debt crisis?
Policy Contributions, Bruegel View citations (6)
- Rating agencies and sovereign credit risk assessment
Policy Contributions, Bruegel View citations (2)
- Rules and risk in the euro area
Working Papers, Bruegel View citations (30)
See also Journal Article in European Journal of Political Economy (2014)
- The Euro area's macroeconomic balancing act
Policy Contributions, Bruegel View citations (2)
- What Kind of Fiscal Union ?
ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (24)
Also in Policy Briefs, Bruegel (2011) View citations (26)
2010
- Banking and Sovereign Risk in the Euro Area
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (145)
Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2010) View citations (193)
- Does anticipation of government spending matter? The role of (non-)defense spending
Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE) View citations (5)
- Heterogeneity in money holdings across euro area countries: The role of housing
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (8)
Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2010) View citations (5)
See also Journal Article in European Journal of Political Economy (2011)
- Rules and risk in the euro area: does rules-based national fiscal governance contain sovereign bond spreads?
European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (19)
2009
- External rebalancing is not just an exporters' story: real exchange rates, the non-tradable sector and the euro
MPRA Paper, University Library of Munich, Germany View citations (16)
Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2009) View citations (11)
- Money demand in the euro area: new insights from disaggregated data
European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (15)
Also in MPRA Paper, University Library of Munich, Germany (2009) View citations (15)
See also Journal Article in International Economics and Economic Policy (2013)
- Sovereign bond market integration: the euro, trading platforms and financial crises
MPRA Paper, University Library of Munich, Germany
2008
- Sovereign bond market integration: the euro, trading platforms and globalisation
European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (6)
Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2008) View citations (10)
- The German sub-national government bond market: evolution, yields and liquidity
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (8)
2007
- Does anticipation of government spending matter? Evidence from an expectation augmented VAR
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (20)
- Moral hazard and bail-out in fiscal federations: evidence for the German Länder
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (13)
See also Journal Article in Kyklos (2008)
- Schuldenanstieg und Haftungsausschluss im deutschen Föderalstaat: Zur Rolle des Moral Hazard
IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) 
Also in MPRA Paper, University Library of Munich, Germany (2007)
- Testing for contemporary fiscal policy discretion with real time data
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (9)
2006
- Fiscal institutions, fiscal policy and sovereign risk premia
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (36)
- Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia
CESifo Working Paper Series, CESifo View citations (10)
Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2006) View citations (14) DNB Working Papers, Netherlands Central Bank, Research Department (2006) View citations (21)
See also Journal Article in Scottish Journal of Political Economy (2008)
- Foreign direct investment in the enlarged EU: do taxes matter and to what extent?
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (8)
See also Journal Article in Open Economies Review (2007)
- The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (65)
See also Journal Article in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) (2010)
- What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (117)
Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2004) View citations (58) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (18)
See also Journal Article in Journal of Banking & Finance (2006)
2005
- Measuring tax burdens in Europe
ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (2)
See also Journal Article in Aussenwirtschaft (2006)
2004
- Fiscal Crises In U.S. Cities: Structural And Non-Structural Causes
Royal Economic Society Annual Conference 2004, Royal Economic Society 
Also in ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies (2004) 
See also Journal Article in The IUP Journal of Public Finance (2008)
- The effectiveness of subsidies revisited: Accounting for wage and employment effects in business R&D
ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (7)
See also Journal Article in Research Policy (2008)
2002
- East Germany: Transition with Unification; Experiments and Experiences
ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (5)
- Regional specialization and employment dynamics in transition countries
ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies View citations (11)
Journal Articles
2022
- The EU Without Russian Oil and Gas
Intereconomics: Review of European Economic Policy, 2022, 57, (2), 66-67
- The Global Quest for Green Growth: An Economic Policy Perspective
Sustainability, 2022, 14, (9), 1-14 
See also Working Paper (2022)
- Three ways Europe could limit Russian oil and gas revenues
Nature, 2022, 604, (7905), 246-246
2021
- Conditions are ideal for a new climate club
Energy Policy, 2021, 158, (C)
- Ein Klimaclub für eine globale Dekarbonisierung
Wirtschaftsdienst, 2021, 101, (5), 350-352
- Form a climate club: United States, European Union and China
Nature, 2021, 591, (7851), 526-528 View citations (1)
- Globale Gesundheitssicherheit als moralische und wirtschaftliche Chance
Wirtschaftsdienst, 2021, 101, (11), 858-861
- Reducing the Mobility of SARS-CoV-2 Variants to Safeguard Containments
Intereconomics: Review of European Economic Policy, 2021, 56, (4), 234-236 
See also Working Paper (2021)
- The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU
Intereconomics: Review of European Economic Policy, 2021, 56, (4), 211-219
2020
- A Framework for a European Economic Recovery After COVID-19
Intereconomics: Review of European Economic Policy, 2020, 55, (4), 209-215 View citations (1)
- What are the prerequisites for a euro area fiscal capacity?
Journal of Economic Policy Reform, 2020, 23, (3), 342-358 
See also Working Paper (2016)
2019
- Zäsur in der europäischen Wettbewerbs- und Industriepolitik: Freie Fahrt für europäische Champions?
ifo Schnelldienst, 2019, 72, (08), 03-26 View citations (4)
2018
- Capital Markets Union and the Fintech Opportunity
Journal of Financial Regulation, 2018, 4, (1), 157-165 View citations (2)
See also Working Paper (2017)
- Europe in a New World Order
Wirtschaftsdienst, 2018, 98, (1), 24-30 View citations (1)
See also Working Paper (2017)
- How Should the EU Position Itself in a Global Trade War?
Intereconomics: Review of European Economic Policy, 2018, 53, (2), 50-51 View citations (1)
- The EU’s Multiannual Financial Framework and some implications for CESEE countries
Focus on European Economic Integration, 2018, (Q3-18), 77-86 View citations (1)
2017
- What could a euro-area finance minister do?
Zeitschrift für Wirtschaftspolitik, 2017, 66, (2), 151-157
2016
- Capital Markets Union: A Vision for the Long Term
Journal of Financial Regulation, 2016, 2, (1), 130-153 View citations (10)
See also Working Paper (2015)
2015
- Introduction: La dette publique aujourd’hui
Regards croisés sur l'économie, 2015, n° 17, (2), 14-19
2014
- Ending Uncertainty: Recapitalisation of Banks Supervised by the SSM
Credit and Capital Markets, 2014, 47, (2), 241-264
- Rules and risk in the Euro area
European Journal of Political Economy, 2014, 34, (C), 222-236 View citations (47)
See also Working Paper (2011)
2013
- Corporate Balance Sheet Adjustment: Stylized Facts, Causes and Consequences
Review of Economics, 2013, 64, (2), 117-138 View citations (5)
See also Working Paper (2012)
- Money demand in the euro area: new insights from disaggregated data
International Economics and Economic Policy, 2013, 10, (2), 297-315 View citations (15)
See also Working Paper (2009)
- Should Non-Euro Area Countries Join the Single Supervisory Mechanism?
DANUBE: Law and Economics Review, 2013, (2), 141-163 View citations (12)
See also Working Paper (2013)
2011
- Heterogeneity in money holdings across euro area countries: The role of housing
European Journal of Political Economy, 2011, 27, (4), 764-780 View citations (13)
See also Working Paper (2010)
- Identifying Discretionary Fiscal Policy Reactions with Real-Time Data
Journal of Money, Credit and Banking, 2011, 43, (6), 1271-1285 View citations (8)
Also in Journal of Money, Credit and Banking, 2011, 43, (6), 1271-1285 (2011)
2010
- The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany: A Disaggregated SVAR Analysis
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2010, 230, (3), 328-355 View citations (71)
See also Working Paper (2006)
2009
- The German Sub-national Government Bond Market: Structure, Determinants of Yield Spreads and Berlin’s Forgone Bail-out
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2009, 229, (1), 61-83 View citations (20)
2008
- FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA
Scottish Journal of Political Economy, 2008, 55, (4), 465-487 View citations (62)
See also Working Paper (2006)
- Fiscal Crises in the US Cities: Structural and Non-Structural Causes
The IUP Journal of Public Finance, 2008, VI, (1), 7-51
See also Working Paper (2004)
- Fiscal institutions, fiscal policy and sovereign risk premia in EMU
Public Choice, 2008, 136, (3), 379-396 View citations (65)
- Moral Hazard and Bail‐Out in Fiscal Federations: Evidence for the German Länder
Kyklos, 2008, 61, (3), 425-446 View citations (23)
See also Working Paper (2007)
- The effectiveness of subsidies revisited: Accounting for wage and employment effects in business R&D
Research Policy, 2008, 37, (8), 1403-1412 View citations (45)
See also Working Paper (2004)
2007
- Foreign Direct Investment in the Enlarged EU: Do Taxes Matter and to What Extent?
Open Economies Review, 2007, 18, (3), 327-346 View citations (23)
See also Working Paper (2006)
2006
- Measuring Tax Burdens in Europe
Aussenwirtschaft, 2006, 61, (03), 299-328 View citations (1)
See also Working Paper (2005)
- What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU
Journal of Banking & Finance, 2006, 30, (12), 3259-3279 View citations (111)
See also Working Paper (2006)
2005
- A Compromise Estimate of German Net National Product, 1851–1913, and its Implications for Growth and Business Cycles
The Journal of Economic History, 2005, 65, (3), 613-657 View citations (29)
Undated
- Hybrid and Cyber Security Threats and the EU’s Financial System
Journal of Financial Regulation, 6, (2), 306-316
Books
2020
- Megatrends- Key Forces Forging Our Future
Books, Bruegel
2019
- Braver, greener, fairer- Memos to the EU leadership 2019-2024
Books, Bruegel View citations (3)
2016
- An anatomy of inclusive growth in Europe
Blueprints, Bruegel View citations (5)
- Seven Years after the Crisis: Intersecting Perspectives
Books & Reports, Policy Center for the New South
2014
- EU to DO 2015-2019
Books, Bruegel View citations (2)
- Japan and the EU in the global economy
Blueprints, Bruegel
2013
- EU-IMF assistance to euro area countries- an early assessment
Blueprints, Bruegel View citations (53)
- Manufacturing Europe’s future
Blueprints, Bruegel View citations (6)
2012
- Resolving the European Debt Crisis
Peterson Institute Press: All Books, Peterson Institute for International Economics View citations (12)
Also in Peterson Institute Press: All Books, Peterson Institute for International Economics (2012) View citations (10)
- Transatlantic economic challenge in an era of growing multipolarity
Books, Bruegel 
Also in Peterson Institute Press: All Books, Peterson Institute for International Economics (2012) View citations (2) Peterson Institute Press: All Books, Peterson Institute for International Economics (2012)
2011
- An evaluation of IMF surveillance of the euro area
Blueprints, Bruegel View citations (6)
See also Working Paper (2011)
2003
- Adjustment Capability of Regional Labour Markets
WIFO Studies, WIFO View citations (2)
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