IMFS Working Paper

Nr. Forscher Titel Forschungsbereich Jahr Keywords
114 Michael Binder, Jorge Quintana, Philipp Lieberknecht, Volker Wieland Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions Macroeconomics, Monetary Policy 2017 models, uncertainty, DSGE, monetary policy, forecasting
113 Mewael F. Tesfaselassie, Maik Wolters The Impact of Growth on Unemployment in a Low vs. a High Inflation Environment Macroeconomics 2017 growth, inflation, trend inflation, unemployment
112 Gerhard Rösl, Franz Seitz, Karl-Heinz Tödter Doing away with cash? The welfare costs of abolishing cash Monetary Policy, Financial Regulation 2017 negative interest rates, deadweight loss, welfare costs, cash, zero lower bound
111 Jinhyuk Yoo Capital Injection, to Banks versus Debt Relief to Households Financial Markets 2017 DSGE, housing debt crisis, zero lower bound
110 Volker Wieland, Robert C. M. Beyer Instability, imprecision and inconsistent use of equilibrium real interest rate estimates Monetary Policy 2017 monetary policy, interest rates, equilibrium real interest rate, Federral Reserve, ECB
109 Helmut Siekmann Replacing or Supplementing the Euro in Member States whose Currency is the Euro Monetary Policy, Central Bank Law 2016 Euro, Eurozone, exit, Währungsunion, exit
108 Helmut Siekmann Restricting the Use of Cash in the European Monetary Union Central Bank Law 2016 Cash, Bargeld, Parallelwährung, ECB, EZB, Währungsunion
107 Volker Wieland, Elena Afanasyeva, Meguy Kuete, Jinhyuk Yoo New Methods for Macro-Financial Model Comparison and Policy Analysis Monetary Policy 2016 models, uncertainty, monetary, policy
106 Helmut Siekmann Konstruktionsfehler bei der Einlagensicherung auf EU-Ebene Financial Regulation 2016 Einlagensicherung, Bankenunion, Banken, banks, deposit, protection
105 Athanasios Orphanides Fiscal Implications of Central Bank Balance Sheet Policies Monetary Policy, Financial Markets 2016 QE, ECB, EZB, Fed, Notenbankbilanz
104 Helmut Siekmann Preis- und Finanzstabilität: der Primat der Politik, der rechtliche Rahmen und das "ökonomische Gesetz" Financial Markets 2016 EZB, ECB, Menger, Mestmäcker, Preisstabilität, Inflation
103 John B. Taylor, Volker Wieland Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations Monetary Policy 2016 Gleichgewichtszinsen, Taylor, rule, Zinsregel, Geldpolitik
102 Tilman Bletzinger, Volker Wieland Forward guidance and "lower for longer": The case of the ECB Monetary Policy 2016 ECB, EZB, Taylor, rule, Draghi, Geldpolitik, QE
101 Helmut Siekmann Ziele, Aufgaben und Befugnisse des Europäischen Systems der Zentralbanken (ESZB) Central Bank Law 2016 EZB, ECB, Eurosystem, ESZB, Währungsunion, OMT, SMP, LTRO
100 Robert C. M. Beyer, Volker Wieland Schätzung des mittelfristigen Gleichgewichtszinses in den Vereinigten Staaten, Deutschland und dem Euro-Raum mit der Laubach-Williams-Methode Monetary Policy 2016 EZB, ECB, Nullzinspolitik, Taylor, Fed, Federal Reserve, USA, säkulare Stagnation
99 Helmut Siekmann Exit, Exclusion, and Parallel Currencies in the Euro Area Financial Regulation, Central Bank Law 2015 Euro, Währungsunion, Parallelwährung, Austritt, Eurozone, EZB, ECB
98 Helmut Siekmann Stellungnahme für die öffentliche Anhörung der Verfassungskommission des Landtags Nordrhein-Westfalen zur Schuldenbremse Financial Regulation 2015 Schuldenbremse, Haushalt, debt, brake
97 José María Liberti, Amit Seru, Vikrant Vig Information, Credit, and Organization Financial Markets 2015 banks, Banken, Kredit
96 Patrick Tuschl Rechtsgrundlagen für die Vereinbarkeit von Finanzhilfen für Kreditinstitute mit dem Beihilferecht der EU im Rahmen der Finanzmarktkrise Financial Regulation, Central Bank Law 2015 Banken, banks, Krise, crisis, Beihilfen
95 Athanasios Orphanides Fear of Liftoff: Uncertainty, Rules and Discreation in Monetary Policy Normalization Monetary Policy 2015 Fed, interest rate, Taylor, rule, Zinsregel
94 Bettina Brüggemann, Jinhyuk Yoo Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners Financial Markets 2015 tax, income, tax rate, Steuern
93 Tobias Tröger Regulatory Influence on Market Conditions in the Banking Union Financial Regulation 2015 banks, Banken, Bankenunion, makroprudenziell, Bail-in
92 Janis Skrastins, Vikrant Vig How Organizational Hierarchy Affects Information Production Financial Markets 2015 Hierarchies, Soft Information, Banks, Globalization, Complexity
91 Florian Hoffmann, Roman Inderst, Marcus Opp Regulating Deferred Incentive Pay Financial Regulation 2015 banks, Banken, compliance, bonus, Gehalt
90 Helmut Siekmann The Legality of Outright Monetary Transactions (OMT) of the European System of Central Banks Monetary Policy, Central Bank Law 2015 ECB, EZB, OMT, Geldpolitik, Mandat, Eurosystem, ELA, SMP
89 Helmut Siekmann The Legal Framework for the European System of Central Banks Monetary Policy, Central Bank Law 2015 EZB, ECB, Eurosystem, ESCB, Währungsunion, Preisstabilität, Mandat
88 Florian Deuflhard, Dimitris Georgarakos, Roman Inderst Financial Literacy and Savings Account Returns Financial Markets 2015 banks, savings
87 Falko Fecht, Roman Inderst, Sebastian Pfeil A Theory of the Boundaries of Banks with Implications For Financial Integration and Regulation Financial Stability, Financial Regulation, Financial Markets 2015 banks, banking
86 Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig The Political Economy of Bank Bailouts Financial Stability, Financial Regulation, Financial Markets 2015 banks, bailout, Banken, credit
85 Elena Afanasyeva, Jochen Güntner Lending Standards, Credit Booms and Monetary Policy Monetary Policy, Financial Markets 2014 models, Keynesian, banks, credits, Banken, Kredite, Geldpolitik
84 Athanasios Orphanides Are Rules and Boundaries Sufficient to Limit Harmful Central Bank Discretion? Lessons from Europe Monetary Policy, Central Bank Law 2014 EZB, ECB, Cyprus, ELA, banks, Banken, crisis, Krise
83 Tobias Tröger How Special Are They? - Targeting Systemic Risk by Regulating Shadow Banking Financial Regulation 2014 Banken, Schattenbanken, shadow, banking, Aufsicht, Regulierung
82 Markus Behn, Rainer Haselmann, Vikrant Vig The Limits of Model-Based Regulation Financial Stability, Financial Regulation 2014 regulation, banks, Basel, Banken, Aufsicht, models, IRB, risk
81 Volker Wieland, Maik Wolters Is there a threat of self-reinforcing deflation in the Euro area? A view through the lens of the Phillips curve Monetary Policy 2014 ECB, EZB, euro, Phillips, inflation, Japan
80 Hermann Remsperger Der makroprudenzielle Komplex: der Prozess, das Schloss, das Urteil Financial Stability, Financial Regulation 2014 Banken, AFS, ESRB, SSM, Banken, Aufsicht, makroprudenziell
79 Athanasios Orphanides What Happened in Cyprus? The Economic Consequences of the Last Communist Government in Europe Monetary Policy 2014 Cyprus, euro area, crisis, sovereign debt, populism
78 Michael Binder, Marcel Bluhm On the Conditional Effects of IMF Loan Program Participation on Output Growth Macroeconomics 2014 IMF, pooling
77 Helmut Siekmann Zur Offenlegung der Bezüge von Sparkassenführungskräften im Internet Financial Regulation 2014 Sparkassen, Banken, Aufsicht, Gehalt, Compliance
76 Y. Emilie Yoo Financial Regulation and Supervision Across Business Lines in the United States - Financial Holding Companies post Gramm-Leach-Bliley Act Financial Regulation 2013 supervision, Dodd, Frank, Gramm, Leach, Bliley
75 Athanasios Orphanides Is Monetary Policy Overburdened? Monetary Policy, Financial Stability 2013 Geldpolitik, Unabhängigkeit, Notenbanken, independence
74 Volker Wieland, Tilman Bletzinger Estimating the European Central Bank's "Extended Period of Time" Monetary Policy 2013 ECB, EZB, Geldpolitik, inflation, forward, guidance
73 Tobias Tröger The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? Financial Regulation 2013 ECB, banks, SSM, supervision, EZB, Aufsicht, Banken
72 Matthias Burgert, Sebastian Schmidt Dealing with a Liquidity Trap when Government Debt Matters: Optimal Time-Consistent Monetary and Fiscal Policy Monetary Policy 2013 Keynesian model, interest rate, liquidity, Monetary Policy, Fiscal Policy, Deficit spending, , Zero, Keynesian, model
71 Helmut Siekmann, Volker Wieland The European Central Bank's Outright Monetary Transactions and the Federal Constitutional Court of Germany Monetary Policy, Central Bank Law 2013 ECB, EZB, OMT, Federal Constitutional Court, Bundesverfassungsgericht, Inflation, Geldpolitik, monetary policy
70 Elena Afanasyeva Atypical Behavior of Credit: Evidence from a Monetary VAR Financial Markets 2013 credit, asset prices, Bayesian, VAR, forecasts
69 Tobias Tröger Konzernverantwortung in der aufsichtsunterworfenen Finanzbranche Financial Regulation 2013 Banken, Versicherungen, Aufsicht, Bankenaufsichtsrecht, Versicherungsaufsichtsrecht, Konzernrecht, Konzernverantwortung, Organisationspflichten, Compliance, Risikomanagement, Sicherstellungspflichten
68 Volker Wieland, John B. Taylor, John F. Cogan, Maik Wolters Fiscal Consolidation Strategy: An Update for the Budget Reform Proposal of March 2013 Macroeconomics 2013 GDP, US, models
67 Volker Wieland, Otmar Issing Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years Monetary Policy 2012 inflation, targeting, Taylor, rule, ECB
66 Volker Wieland, John B. Taylor Surprising Comparative Properties of Monetary Models: Results from a New Model Database Monetary Policy 2012 models, rules, US, Fed
65 Helmut Siekmann Missachtung rechtlicher Vorgaben des AEUV durch die Mitgliedstaaten und die EZB in der Schuldenkrise Central Bank Law 2012 ECB, EZB, Eurosystem, Schuldenkrise, financial crisis
63 Kirstin Hubrich, Massimiliano Marcellino, Günter Beck On the Importance of Sectoral and Regional Shocks for Price Setting Macroeconomics 2012 Disaggregated prices, euro area regional and sectoral inflation, common factor models
62 Maik Wolters, Volker Wieland Forecasting and Policy Making Macroeconomics, Monetary Policy 2012 Forecasting, monetary policy, fiscal policy, DSGE models, conditional forecasts, policy rules, expectations, business cycles, robust policy
61 John F. Cogan, Maik Wolters, Volker Wieland, John B. Taylor Fiscal Consolidation Strategy Macroeconomics 2012 John F. Cogan, John B. Taylor, Volker Wieland, Maik Wolters
60 Maik Wolters, Peter Tillmann The Changing Dynamics of US Inflation Persistence: A Quantile Regression Approach Monetary Policy 2014 inflation persistence, quantile regressions, structural breaks, unit root test, monetary policy, Federal Reserve
59 Maik Wolters Evaluating Point and Density Forecasts of DSGE Models Macroeconomics 2012 DSGE models, forecasting, model uncertainty, forecast combination, density forecasts, real-time data, Greenbook
58 Peter Tillmann Capital Inflows and Asset Prices: Evidence from Emerging Asia Macroeconomics, Monetary Policy 2012 Capital Inflows, House Prices, Monetary Policy, Sign Restrictions, Panel VAR
57 Athanasios Orphanides, Volker Wieland Complexity and Monetary Policy Monetary Policy, Macroeconomics 2012 Financial crisis, complexity, monetary policy, model uncertainty, robust simple rules, ECB.
56 Inês Drumond, Manuel Martins, Fabio Verona (Un)anticipated Monetary Policy in a DSGE Model with a Shadow Banking System Macroeconomics, Monetary Policy 2012 DSGE model, shadow banking system, too low for too long, boom-bust
55 Fabio Verona Lumpy Investment in Sticky Information General Equilibrium Macroeconomics 2012 sticky information, general equilibrium, lumpy investment, business cycle
54 Tobias Tröger Organizational Choices of Banks and the Effective Supervision of Transnational Financial Institutions Central Bank Law, Financial Regulation 2012 cross-border banking, micro-prudential supervision, consolidating supervision, banking union, subsidiaries, branches
53 Sebastian Schmidt Optimal Monetary and Fiscal Policy with a Zero Bound on Nominal Interest Rates Monetary Policy, Macroeconomics 2012 Monetary policy, Fiscal policy, Discretion, Commitment, Zero nominal interest rate bound, New Keynesian model
52 Sebastian Schmidt, Volker Wieland The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation Macroeconomics, Monetary Policy 2012 Monetary macroeconomics, Keynesian models, New Keynesian models, dynamic stochastic general equilibrium models, New Neoclassical synthesis, model comparison, rational expectations, policy evaluation, policy robustness, monetary and fiscal policy.
51 Vivien Lewis, Arnoud Stevens The Competition Effect in Business Cycles Macroeconomics 2012 Bayesian estimation, business cycles, competition, entry, markups
50 Vivien Lewis Optimal Monetary Policy and Firm Entry Monetary Policy 2012 entry; optimal monetary policy, sticky wages
49 Tobias Cwik, Gernot J. Müller, Maik Wolters, Volker Wieland, Sebastian Schmidt A New Comparative Approach to Macroeconomic Modeling and Policy Analysis Macroeconomics, Monetary Policy 2012 Macroeconomic Models, Model Uncertainty, Policy Rules, Robustness, Monetary Policy, Fiscal Policy, Model Comparison
48 Helmut Siekmann Die rechtliche Regulierung öffentlicher Banken in Deutschland Financial Regulation 2011
47 Helmut Siekmann Die Europäisierung der Finanzmarktaufsicht Financial Stability, Financial Regulation, Central Bank Law 2011
46 Christos Koulovatianos, Volker Wieland Asset Pricing under Rational Learning about Rare Disasters Macroeconomics, Financial Markets 2011 beliefs, Bayesian learning, controlled diffusions and jump processes, learning about jumps, adaptive learning, rational learning
45 Helmut Siekmann Law and Economics of the Monetary Union Central Bank Law, Financial Regulation, Financial Stability 2011
44 Jan Pieter Krahnen, Günther Merl, Helmut Siekmann, Heinz Hilgert On a Fundamental Reorganisation of the Landesbanks and Savings Banks Sector in Germany Financial Markets, Financial Stability, Financial Regulation 2011
43 Helmut Siekmann Die Bankenabgabe in Deutschland - ein geeignetes Instrument zur Prävention von Finanzkrisen? Financial Stability, Financial Regulation 2011
42 Jan Pieter Krahnen, Heinz Hilgert, Günther Merl, Helmut Siekmann Streitschrift für eine grundlegende Neuordnung des Sparkassen- und Landesbankensektors in Deutschland Financial Markets, Financial Regulation, Financial Stability 2011
41 Helmut Siekmann Die Finanzmarktaufsicht in der Krise Financial Regulation, Financial Stability, Central Bank Law 2010
40 Helmut Siekmann Die Entstehung des neuen Europäischen Finanzaufsichtssystems Central Bank Law, Financial Regulation, Financial Stability 2010
39 Ludger Michael Migge Wirtschaftsjournalismus vs. Finanzanalyse? Zur ‚regulierten’ Selbstregulierung von Presse und Telemedien in der Finanzmarktberichterstattung nach §§ 34b Abs. 4 und 34c S. 6 des Wertpapierhandelsgesetzes Financial Markets 2010
38 Jan Pieter Krahnen, Helmut Siekmann Rettungsstrategie ohne Moral Hazard – Versuch eines Gesamtkonzepts zur Bankkrisenvermeidung Financial Stability, Financial Regulation 2010
37 Y. Emilie Yoo Capital Adequacy Regulation of Financial Conglomerates in the European Union Financial Regulation, Financial Stability 2010
36 Roman Inderst, Marco Ottaviani Misselling through Agents Financial Markets 2009 Consumer Protection; Search; Learning; Information and Knowledge; Marketing; Compensation and Compensation Methods and Their Effects
35 Roman Inderst Misselling (Financial) Products: The Limits for Internal Compliance Financial Markets 2009 Consumer Protection, Search; Learning; Information and Knowledge, Marketing, Compensation and Compensation Methods and Their Effects
34 Roman Inderst, Holger Müller, Felix Münnich Financing a Portfolio of Projects Financial Markets 2009
33 Roman Inderst, Manuel Klein Innovation, endogenous overinvestment, and incentive pay Financial Markets 2009
32 Roman Inderst "Irresponsible lending" with a better informed lender Financial Markets, 2009 lending, personal finance
31 Roman Inderst, Holger Müller Bank capital structure and credit decisions Financial Markets 2009
30 Roman Inderst, Holger Müller Early-Stage Financing and Firm Growth in New Industries Financial Markets 2009 Venture capital; dynamic investment; product market competition
29 Roman Inderst, Holger Müller CEO Replacement under Private Information Financial Markets 2009
28 Roman Inderst, Ufuk Otag, Hasan Doluca Banking Competition and Risk-Taking When Borrowers Care about Financial Prudence Financial Markets 2009
27 Roman Inderst Loan Origination under Soft- and Hard-Information Lending Institute Financial Markets 2009
26 Helmut Siekmann Stabilisierung der WestLB AG durch Garantien des Landes NRW - Stellungnahme für die öffentliche Anhörung des Haushalts- und Finanzausschusses des Landtags Nordrhein-Westfalen am 29. Oktober 2009 Financial Stability, Financial Regulation, Central Bank Law 2009
25 Helmut Siekmann Die Neuordnung der Finanzmarktaufsicht Financial Regulation, Financial Stability, Central Bank Law 2009
24 Helmut Siekmann Die Schaffung von Einrichtungen der Finanzaufsicht auf EU-Ebene - Stellungnahme zu dem Vorschlag der Sachverständigengruppe unter dem Vorsitz von Jacques de Larosière Financial Stability, Financial Regulation, Central Bank Law 2009
23 Melanie Döge, Stefan Jobst Aktienrecht zwischen Börsen- und Kapitalmarktorientiertem Ansatz Financial Regulation 2009
22 Tim Oliver Berg Cross-country evidence on the relation between equity prices and the current account Macroeconomics 2009 current account fluctuations, equity prices, panel vector autoregression
21 Stefan Gerlach The Risk of Deflation Monetary Policy, 2009
20 Chun-Yu Ho, Wai-Yip Alex Ho On the Sustainability of Currency Boards: Evidence from Argentina and Hong Kong Macroeconomics 2009
19 Helmut Siekmann Stellungnahme für die öffentliche Anhörung des Ausschusses für Wirtschaft, Mittelstand und Energie und des Haushalts- und Finanzausschusses des Landtags Nordrhein-Westfalen - Keine Hilfe für Banken ohne einen neuen Ordnungsrahmen für die Finanzmärkte Financial Regulation, Financial Stability 0
18 Choi-Hoi Hui, Hans Gender The credibility of The Link from the perspective of modern financial theory Financial Markets 2008
17 Helmut Siekmann Stellungnahme für die öffentliche Anhörung des Haushaltsausschusses zu dem Gesetzentwurf der Fraktion der SPD und Bündnis 90/Die Grünen für ein Gesetz zur Änderung der Hessischen Landeshaushaltsordnung Financial Regulation 2008
16 Katrin Assenmacher-Wesche, Stefan Gerlach Ensuring Financial Stability: Financial Structure and the Imapct of Monetary Policy on Asset Prices Financial Markets, Monetary Policy 2008 asset prices, monetary policy, panel VAR
15 Helmut Siekmann Föderalismuskommission II für eine zukunftsfähige Gestaltung der Finanzsysteme nutzen Financial Regulation 2008
14 Guntram B. Wolff Schuldenanstieg und Haftungsausschluss im deutschen Föderalstaat: Zur Rolle des Moral Hazard Financial Stability 2007
13 Stefan Gerlach, Katrin Assenmacher-Wesche, Toshitaka Sekine Monetary Factors and Inflation in Japan Monetary Policy 2007 spectral regression, frequency domain, Phillips curve, quantity theory
12 Stefan Gerlach, Peter Kugler Deflation and Relative Prices: Evidence from Japan and Hong Kongo Macroeconomics, Monetary Policy 2007 inflation, deflation, menu costs, Hong Kong, Japan
11 Symposium zur "Neurodnung der föderalen Finanzbeziehungen" Financial Stability, Financial Regulation 2007
10 Helmut Siekmann Die Spielbankabgabe und die Beteiligung der Gemeinden an ihrem Aufkommen – zugleich ein Beitrag zu den finanzverfassungsrechtlichen Ansprüchen der Gemeinden Financial Regulation 2007
9 Henry M. Ordower Demystifying Hedge Funds: A Design Primer Financial Markets 2007
8 Helmut Siekmann Der Anspruch auf Herstellung von Transparenz im Hinblick auf die Kosten und Folgekosten der Steinkohlesubventionierung und den Börsengang der RAG AG Financial Markets 2007
7 Joachim Wieland Staatsverschuldung als Herausforderung für die Finanzverfassung Financial Stability 2006
6 Holger Müller, Roman Inderst A Lender-Based Theory of Collateral Financial Markets, Financial Stability 2006 collateral; soft information; loan market competition; relationship lending
5 Roman Inderst, Felix Münnich, Holger Müller Financing a Portfolio of Projects Financial Markets 2006
4 Reinhard Schmidt, Aneta Hryckiewicz Financial Systems - Importance, Differences and Convergence Financial Markets 2006 financial sector, financial system, growth and development, convergence
3 Helmut Siekmann Die Verwendung des Gewinns der Europäischen Zentralbank und der Bundesbank Central Bank Law, 2006
2 Helmut Siekmann Die Unabhängigkeit von EZB und Bundesbank nach geltendem Recht und dem Vertrag über eine Verfassung für Europa Central Bank Law 2006
1 Helmut Siekmann The Burden of an Ageing Society as a Public Debt Financial Stability, 2006