Artikel in wissenschaftlichen Zeitschriften


  • Leitzinserhöhung der EZB - kein Grund zur Entwarnung, Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik, Heft 10, S. 654-655
  • "Die Macht der EZB ist enorm - Ein Gespräch über Inflation und Geldpolitik, Staatsfinanzen, makroökönomische Modelle und den Sachverständigenrat (The ECB's power is enormous - A discussion about inflation and monetary policy, public finances, macroeconomic models and the German Council of Economic Experts), Perspektiven der Wirtschaftspolitik (PWP), Volume 24, Issue 3, p. 305-317
  • Discussion of "policy packages and policy space: Lessons from COVID-19" by Bergant and Forbes, European Economic Review, Vol. 158, September 2023
  • Government bond rates and interest expenditure of large euro member states: A scenario analysis, Co-authors: Veronika Grimm, Lukas Nöh, International Finance, Volume 26, Issue 3, p. 286-303. Data and software.
  • Konjunkturzyklen in Deutschland - die Datierung durch den Sachverständigenrat, Co-authors: Sebastian Breuer, Steffen Elstner, Florian Kirsch, Perspektiven der Wirtschaftspolitik, Oct. 2022
  • The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy, Co-author: Lars P. Feld, Journal of Financial Regulation, July 2021
  • Instability, imprecision and inconsistent use of equilibrium real interest rate estimates, Co-author: Robert C.M. Beyer, Journal of International Money and Finance, Volume 94, 1-14, June 2019
  • Lower for longer: The case of the ECB, Co-author: Tilman Bletzinger, Economics Letters, Volume 159, 123-127, October 2017 Download: Working Paper
  • Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations, Co-author: John B. Taylor, Business Economics, 51 (3), July 2016. Download: Working Paper
  • Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years, Otmar Issing, Volker Wieland, Jahrbücher der Nationalökonomie und Statistik, Vol. 3, 423-445, 2013. Link
  • Fiscal Consolidation Strategy, Co-authors: John F. Cogan, John B. Taylor, and Maik Wolters, February 2013, Journal of Economic Dynamics and Control, Vol. 37, Issue 2: 404-421 | Download: Working Paper | Software
  • Complexity and Monetary Policy, Co-author: Athanasios Orphanides, January 2013, International Journal of Central Banking, Vol. 9, Issue 1: 167-204 | Download: Working Paper
  • A New Comparative Approach to Macroeconomic Modeling and Policy Analysis, Co-authors: Tobias Cwik, Gernot J. Müller, Sebastian Schmidt and Maik Wolters, August 2012, Journal of Economic Behavior and Organisation, Elsevier, Vol. 83, Issue 3: 523-541 | Download: Working Paper | Macro Model Data Base
  • Surprising Comparative Properties of Monetary Models: Results from a New Monetary Model Base, Co-author: John B. Taylor, Review of Economics and Statistics August 2012, Vol. 94, No. 3: 800-816 | Download: Working Paper
  • Keynesian Government Spending Multipliers and Spillovers in the Euro Area, Co-author: Tobias Cwik, Economic Policy July 2011, Vol. 26, Issue 67: 493-549 | Download: Working Paper
  • Insurance Policies for Monetary Policy in the Euro Area, Co-author: Keith Kuester, Journal of the European Economic Association June 2010, Vol. 8, No. 4: 872-912. | Download: Final Version
  • The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy, Co-author: Maik H. Wolters, Economic Theory May 2010, Vol. 47, No. 2-3: 247-292 | Download: Working Paper | Link
  • Fiscal stimulus and the promise of future spending cuts , International Journal of Central Banking March 2010, Vol. 6, No. 1. | Download: Final Version
  • New Keynesian versus Old Keynesian Government Spending Multipliers, Co-authors: John F. Cogan, Tobias Cwik, John B. Taylor, Journal of Economic Dynamics and Control, March 2010, Vol. 34, 281-295 | Download: Final Version | Link | Software
  • Mean Variance Optimization of Non-Linear Systems and Worst-Case Analysis, Co-authors: Panos Parpas, Berc Rustem and Stan Zakovic, /Computational Optimization and Applications/ 43 (2), 2009. | Download: Final Version
  • Aprendizaje, Indexación Endógena y Desinflación en El Modelo Neo-Keynesiano, Eonomía Chilena, Volumen 11 - N°3 / Diciembre 2008 | Download: PDF-File
  • Central Bank Misperceptions and the Role of Money in Interest Rate Rules, Co-author: Guenther W. Beck, Journal of Monetary Economics, Vol 55 (1), November 2008. | Download: Final Version | Link | Software
  • Economic Projections and Rules-of-Thumb for Monetary Policy, Co-author: Athanasios Orphanides, Federal Reserve Bank of St. Louis Review, July/August 2008, 90 (4), pp. 307-24. | Download: Article | Software
  • Money in Monetary Policy Design: A Formal Characterization of ECB-Style Cross-Checking, Co-author: Guenter W. Beck, Journal of the European Economic Association, April-May 2007, Vol 5, No 2-3. | Download: Revised Version
  • Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design, Co-authors: Berc Rustem and Stan Zakovic, Computational Economics, 2007, 30:329-347. | Download
  • A Quantitative Exploration of the Opportunistic Approach to Disinflation, Co-authors: Yunus Aksoy, Athanasios Orphanides, David Small and David Wilcox, Journal of Monetary Economics, Vol 53 (8), November 2006, pp. 1877-1893. | Download: Revised Version
  • "Comment on 'Trade Spill-Overs of fiscal policy in the European Union: A Panel Analysis' by Roel Beetsma, Massimo Giuliodori, Franc Klaasen" Economic Policy, 48, October 2006 | Download
  • Monetary Policy and Uncertainty about the Natural Unemployment Rate: Brainard-Style Conservatism versus Experimental Activism , Advances in Macroeconomics : Vol. 6: No. 1, Article 1. http://www.bepress.com/bejm/advances/vol6/iss1/art1 | Download: FEDS Working Paper 1998-22 | Revised Version
  • A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities, Co-author: Guenter Coenen, European Economic Review, Vol. 49 (5), July 2005, pp. 1081-1104. | Download: ECB Working Paper 30 | Revised Version: CEPR Discussion Paper 3574 | Software
  • Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy, Co-authors: Guenter Coenen and Andrew Levin, European Economic Review, Vol. 49 (4), May 2005, pp. 975-1006. | Download: Revised Version
  • Exchange Rate Policy and the Zero Bound on Nominal Interest Rates, Co-author: Guenter Coenen, American Economic Review, Vol. 94 (2), May 2004. | Download: ECB Working Paper 350
  • Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero, Co-authors: Guenter Coenen and Athanasios Orphanides, Berkeley Electronic Press: Advances in Macroeconomics, Vol.4 (1), January 2004. | Download: Revised Version
  • The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan, Co-author: Guenter Coenen, Journal of Monetary Economics, Vol. 50 (5), July 2003, pp. 1071-1101. | Download: Revised Version
  • The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty, Co-authors: Andrew Levin and John C. Williams, American Economic Review, Vol. 93 (3), June 2003, pp. 622-645. | Download: ECB Working Paper 68 | Revised Version
  • Learning and Control in a Changing Economic Environment, Co-author: Guenter Beck, Journal of Economic Dynamics and Control, Vol. 26 (9-10), August 2002. | Download: Final Version 2002 | Software
  • NAIRU Uncertainty and Nonlinear Policy Rules, Co-authors: Laurence H. Meyer and Eric T. Swanson, American Economic Review, Vol. 91 (2); May 2001. | Download: FEDS Working Paper 2001-1
  • Efficient Monetary Policy Design Near Price Stability, Co-author: Athanasios Orphanides, Journal of the Japanese and International Economies, Vol. 14, December 2000, pp. 327-365. | Download: FEDS Working Paper 1999-67
  • Monetary Policy, Parameter Uncertainty and Optimal Learning, Journal of Monetary Economics, August 2000. | Download: ZEI Working Paper 1999-09
  • Inflation Zone Targeting, Co-author: Athanasios Orphanides, European Economic Review, Vol. 44 (7), June 2000, pp. 1351-1387. | Download: ECB Working Paper 8 | Software
  • Learning by Doing and the Value of optimal Experimentation, Journal of Economics Dynamics and Control, Vol. 24 (4), April 2000. | Download: Final Version
  • Interest-Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence, Co-author: Brian Sack, Journal of Economics and Business, January 2000. | Download: FEDS Working Paper
  • Computational Methods and Economic Dynamics Introduction, Journal of Economic Dynamics and Control , Vol. 23 (9-10), September 1999.
  • Monetary Policy Targets and the Stabilization Objective: a Source of Tension in the EMS, Journal of International Money and Finance, February 1996. | Download: Final Version
  • Forward Rates and Spot Rates in the EMS - Forward Market Efficiency, Weltwirtschaftliches Archiv, December 1990. | Download: Final Version