Prof. Volker Wieland, Ph.D.

Prof. Volker Wieland, Ph.D.


Program Areas: Monetary Policy, Financial Markets


Office Phone: +49 (0)69/798-33805


Managing Director and Endowed Chair of Monetary Economics

Working Papers

No. Researcher Title Research Area Year Keywords
46 Volker Wieland, Christos Koulovatianos 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
131 Philipp Lieberknecht, Volker Wieland On the Macroeconomic and Fiscal Effects of the Tax Cuts and Jobs Act Fiscal Policy, Macroeconomics 2019 tax reform, labor income taxes, GDP, TCJA, fiscal stimulus
115 Günter Beck, Volker Wieland How to Normalize Monetary Policy in the Euro Area Monetary Policy, Financial Stability, Financial Markets 2017 ECB, EZB, QE, Quantitative Easing, Forward Guidance, QE
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
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
139 Volker Wieland Verfahren zum Anleihekaufprogramm der EZB Monetary Policy, Central Bank Law 2020 ECB, monetary policy, PSPP
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.
57 Athanasios Orphanides, Volker Wieland Complexity and Monetary Policy Monetary Policy, Macroeconomics 2012 Financial crisis, complexity, monetary policy, model uncertainty, robust simple rules, ECB.
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
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
140 Helmut Siekmann, Volker Wieland The Ruling of the Federal Constitutional Court concerning the Public Sector Purchase Program: A Practical Way Forward Monetary Policy, Central Bank Law 2020 ECB, PSPP, QE, monetary policy
145 Lars P. Feld, Volker Wieland The German Federal Constitutional Court Ruling and the European Central Bank's Strategy Monetary Policy, Central Bank Law 2020 ECB, monetary policy, GFCC, court, QE
159 Volker Wieland The decline in euro area inflation and the choice of policy strategy Monetary Policy 2021 ECB, inflation, HICP,
166 Eva Berger, Sylwia Bialek, Niklas Garnadt, Veronika Grimm, Lars Other, Leonard Salzmann, Monika Schnitzer, Achim Truger, Volker Wieland A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU Macroeconomics 2022 energy, Ukraine, Russia
171 Veronika Grimm, Lukas Nöh, Volker Wieland Government bond rates and interest expenditures of large euro area member states: A scenario analysis Fiscal Policy, Monetary Policy, Financial Markets 2022 ECB, monetary policy, financial markets
201 Balint Tatar, Volker Wieland Taylor Rules and the Inflation Surge: The Case of the Fed Monetary Policy 2024 inflation, Fed, monetary policy, Taylor rule
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
68 Volker Wieland, John B. Taylor, John F. Cogan, Maik Wolters Fiscal Consolidation Strategy: An Update for the Budget Reform Proposal of March 2013 Fiscal Policy 2013 GDP, US, models
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
74 Volker Wieland, Tilman Bletzinger Estimating the European Central Bank's "Extended Period of Time" Monetary Policy 2013 ECB, EZB, Geldpolitik, inflation, forward, guidance
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
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
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
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
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
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
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

Policy Papers

Title Researcher Published Publication Series Topic Area Year Keywords
Quantitative Easing in the Euro Area: Its Record and Future Prospects Günter Beck, Julian Callow, Alex Cukierman, David Folkerts-Landau, Stefan Schneider, Volker Wieland, Peter Praet Sep 2017 Interdisciplinary Studies, Monetary Policy, Financial Markets, Central Bank Law 2017 ECB, Quantitative Easing, QE, Forward Guidance, bond purchase, PSPP
Contributions to the Strategy Review of the European Central Bank Otmar Issing, Athanasios Orphanides, Helmut Siekmann, John B. Taylor, Volker Wieland Dec 2020 Interdisciplinary Studies, Monetary Policy, Financial Stability, Central Bank Law 2020 ECB, Strategy Review, Monetary Policy, Inflation
Central Banking: Where are we headed? Helmut Siekmann, Volker Wieland, Stefan Gerlach, Athanasios Orphanides, Patrick Honohan Feb 2013 Publication, Interdisciplinary Studies, Monetary Policy, Financial Regulation, Central Bank Law 2013 ECB, EZB, crisis, euro, banks, banking, banking union
The ECB and Its Watchers 2012 Helmut Siekmann, Volker Wieland Jan 2013 Publication, Interdisciplinary Studies, Monetary Policy, Financial Regulation 2013 euro , ECB, EZB, banks, Banken, supervision
The ECB's Outright Monetary Transactions in the Courts Helmut Siekmann, Volker Wieland, Christoph Degenhart, Antonio Luca Riso, Harald Uhlig Jan 2015 Publication, Interdisciplinary Studies, Monetary Policy, Central Bank Law 2015 ECB, EZB, crisis, OMT,