Bücher

• Europäische Wirtschaftspolitik, 1. Auflage, Schäffel-Poeschel-Verlag, 2018.

Aufsätze in Fachzeitschriften (mit Referee-Verfahren)

• European Exchange Rate Adjustments in Response to COVID-19, Containment Measures and Stabilization Policies, Economic Modelling, Vol. 128, 106494, 2023.
• Estimated Monetary Policy Rules for the ECB with Granular Variations of Forecast Horizons for Inflation and Output, Economic Modelling, Vol. 127, 106466, 2023.
• Stock Market Response to Covid-19, Containment Measures and Stabilization Policies - The Case of Europe (zusammen mit Peter Tillmann), International Economics, Vol. 173, S. 29-44, 2023.
• The Stock Market and NO² Emissions Effects of COVID-19 Around the World (zusammen mit Peter Tillmann), Economics & Politics, Vol. 35 Nr. 2, S. 556-594, 2023.
• Comparing Cryptocurrencies and Gold - A System-GARCH-Approach, Eurasian Economic Review, Vol. 12 Nr.4, S. 653-679, 2022.
• Safe Haven Flows, Natural Interest Rates and Secular Stagnation - Empirical Evidence for Euro Area Countries (zusammen mit Ansgar Belke), International Review of Economics and Finance, Vol. 76, S. 1164-1190, 2021.
• Measuring Redenomination Risks in the Euro Area - Evidence from Survey Data, Studies in Economics and Finance, Vol. 38 Nr. 5, S. 964-986, 2021.
• Why Central Banks Announcing Liquidity Injections is More Effective than Forward Guidance (zusammen mit Martin Baumgärtner), International Finance, Vol. 24 Nr. 2, S. 236-256, 2021.
• COVID-19 and Financial Markets: A Panel Analysis for European Countries (zusammen mit Peter Tillmann), Jahrbücher für Nationalökonomie und Statistik, Vol. 241 Nr.3, S. 297-347, 2021.
• Equilibrium Real Interest Rates for the BRICS-Countries, Journal of Economic Asymmetries, Vol. 21, e00155, 2020.
• Equilibrium Real Interest Rates and the Financial Cycle: Empirical Evidence for Euro-Area Member Countries (zusammen mit Ansgar Belke), Economic Modelling, Vol. 84, S. 357-366, 2020.
• Forecasting ECB Policy Rates with Different Monetary Policy Rules (zusammen mit Ansgar Belke), Czech Journal of Economics and Finance, Vol. 69 Nr. 3, S. 138-152, 2019.
• Forecasting Exchange Rates with Commodity Prices - A Global Country Analysis (zusammen mit Martin Baumgärtner), The World Economy, Vol. 42 Nr. 9, S. 2546-2565, 2019.
• Are Eastern European Taylor Reaction Functions Asymmetric in Inflation or Output? Empirical Evidence for four Countries, Eastern European Economics, Vol. 57 Nr. 1, S. 31-49, 2019.
• Determinants of Eurosystem's Central Bank Provisions, Scottish Journal of Political Economy, Vol. 65 Nr. 4, S. 328-349, 2018.
• Secular Stagnation in Non-EMU-European Countries: Equilibrium Real Rate Approach, Journal of Economic Integration, Vol. 32 Nr. 2, S. 400-432, 2017.
• Equilibrium Real Interest Rates and Secular Stagnation - An Empirical Analysis for Euro Area Member Countries (zusammen mit Ansgar Belke), Journal of Common Market Studies Vol. 55 Nr. 6, S 1221-1238, 2017.
• Exchange Rate Movements in the Presence of the Zero Lower Bound, Banks and Bank Systems Vol 12 Nr.1, S. 82-87, 2017.
• Country Differences in ECB Monetary Reaction Functions, Journal of Economic Asymmetries, Vol. 14, S. 157-167, 2016.
• Who Gains from Nominal Devaluation? An Empirical Assessment of Euro-Area Exports and Imports (zusammen mit Sebastian Breuer), The World Economy, Vol. 38 Nr. 12, S. 1966-1989, 2015.
• Determining Structural Breaks in Central Bank Reaction Functions of the Financial Crisis, Journal of Economic Asymmetries, Vol. 11, S. 78-90, 2014.
• Determinants of Sovereign Yield Spreads During the Euro-Crisis – Fundamental Factors versus Redenomination Risk (zusammen mit Benjamin Weigert), International Finance, Vol. 17 Nr. 1, S. 25-50, 2014.
• Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound – Evidence for the ECB and the Fed (zusammen mit Ansgar Belke), Economic Modelling, Vol. 35, S. 515-527, 2013.
• When and how did Central Banks Reaction Coefficients Change during the Financial Crisis?, Empirical Economics Letters, Vol. 11 Nr. 7, S. 693-698, 2012.
• Political Business Cycles and Monetary Policy Revisited – An Application of a Two-Dimensional Asymmetric Taylor Reaction Function, International Economics and Economic Policy, Vol. 9 Nr. 3-4, S. 265-295, 2012.
• Implicit Taylor Reaction Functions for Euro Area Countries, International Journal of Monetary Economics and Finance, Vol. 5 Nr. 2, S. 153-168, 2012.
• A Simple Way to Overcome the Zero Lower Bound of Interest Rates for Central Banks: Evidence from the Fed and the ECB within the Financial Crisis, International Journal of Monetary Economics and Finance, Vol. 4 Nr. 3, S. 279-296, 2011.
• Asymmetric Taylor Reaction Functions of the ECB: An Approach Depending on the State of the Economy, North American Journal of Economics and Finance, Vol. 22 Nr. 2, S. 149-163, 2011.
• Does the ECB Rely on a Taylor Rule? Comparing Ex-Post with Real Time Data (zusammen mit Ansgar Belke), Banks and Bank Systems, Vol. 6 Nr. 2, S. 46-61, 2011.
• Does the ECB Rely on a Taylor Rule During the Financial Crisis? Comparing Ex-Post and Real Time Data with Real Time Forecasts (zusammen mit Ansgar Belke), Economic Analysis and Policy, Vol. 41 Nr. 2, S. 147-171, 2011.

Arbeitspapiere

• Empirical Effects of Sanctions and Support Measures on Stock Prices and Exchange Rates in the Russia-Ukraine War, MAGKS-Discussion Paper Nr. 17/2023, Marburg, 2023.
• European Exchange Rate Adjustments in Response to COVID-19, Containment Measures and Stabilization Policies, MAGKS-Discussion Paper Nr. 19/2022, Marburg, 2022.
• Stock Market Response to Covid-19, Containment Measures and Stabilization Policies (zusammen mit Peter Tillmann), MAGKS-Discussion Paper Nr. 08/2022, Marburg, 2022.
• The Real and Financial Impact of COVID-19 Around the World (zusammen mit Peter Tillmann), MAGKS-Discussion Paper Nr. 01/2022, Marburg, 2022.
• Daily Monetary Policy Rules and the ECB's Medium-Term Orientation, MAGKS Discussion Paper Nr. 29/2021, Marburg, 2021.
• Cryptocurrencies and Gold- Similarities and Differences, MAGKS Discussion Paper Nr. 28/2021, Marburg, 2021.
• COVID-19 and Financial Markets: A Panel Analysis for European Countries (zusammen mit Peter Tillmann), MAGKS Discussion Paper Nr. 25/2020, Marburg, 2020.
• Safe Haven Flows, Natural Interest Rates and Secular Stagnation - Empirical Evidence for Euro Area Countries (zusammen mit Ansgar Belke), Ruhr Economic Paper Nr. 831, Essen, 2019.
• Cash is King - Effects of ECB's Conventional and Unconventional Measures (zusammen mit Martin Baumgärtner), MAGKS Discussion Paper Nr. 23/2019, Marburg, 2019.
• Measuring Redenomination Risks in the Euro Area - New Evidence from Survey Data, MAGKS Discussion Paper Nr. 3/2019, Marburg, 2019.
• Equilibrium Real Interest Rates for the BRICS Countries, MAGKS Discussion Paper Nr. 14/2018, Marburg, 2018.
• Forecasting Exchange Rates with Commodity Prices - A Global Country Analysis (zusammen mit Martin Baumgärtner), MAGKS Discussion Paper Nr. 12/2018, Marburg, 2018.
• Equilibrium Real Interest Rates, Secular Stagnation, and the Financial Cycle: Empirical Evidence for Euro-Area Member Countries (zusammen mit Ansgar Belke), Ruhr Economic Paper Nr. 743, ROME Working Paper Nr. 2018-01, GLO Discussion Paper Nr. 182, Essen, Düsseldorf, Brüssel, 2018.
• Are Eastern European Taylor Reaction Functions Asymmetric in Inflation or Output: Empirical Evidence for four Countries, MAGKS Discussion Paper Nr. 08/2018, Marburg, 2018.
• Determinants of Eurosystems Central Bank Provisions, Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: European Crisis C16-V3, Augsburg, 2016.
• Equilibrium Real Interest Rates and Secular Stagnation - An Empirical Analysis for Euro Area Member Countries (zusammen mit Ansgar Belke), Ruhr Economic Paper Nr. 621, Essen, 2016.
• Who Gains from Nominal Devaluation? An Empirical Assessment of Euro-Area Exports and Imports (zusammen mit Sebastian Breuer), SVR-Arbeitspapier 04/2013, Wiesbaden.
• Determinants of Sovereign Yield Spreads During the Euro-Crisis – Fundamental Factors versus Redenomination Risk (zusammen mit Benjamin Weigert), SVR-Arbeitspapier 07/2012, Wiesbaden.
• ECB and Fed Crisis Policies at the Zero-Lower-Bound–An Empirical Assessment Based on Modified Reaction Functions (zusammen mit Ansgar Belke), Briefing paper prepared for presentation at the Committee on Economic and Monetary Affairs of the European Parliament for the quarterly dialogue with the President of the European Central Bank, Brüssel, 2012.
• Modifying Taylor Reaction Fuctions in the Presence of the Zero-Lower-Bound: Empirical Evidence for the ECB and the Fed (zusammen mit Ansgar Belke), DIW Discussion Paper Nr. 1218, Ruhr Economic Paper Nr. 343, Berlin, Essen, 2012.
• Political Business Cycles and Monetary Policy Revised – An Application of a Two-Dimensional Asymmetric Taylor Reaction Function, Ruhr Economic Paper Nr. 286, Essen, 2011.
• (How) Do the ECB and the Fed React to Financial Market Uncertainty? - The Taylor Rule in Times of Crisis (zusammen mit Ansgar Belke), DIW Discussion Paper Nr. 972, Ruhr Economic Paper Nr. 166, Berlin, Essen, 2010.
• Does the ECB Rely on a Taylor Rule? - Comparing Ex-Post with Real Time Data (zusammen mit Ansgar Belke), DIW Discussion Paper Nr. 917, Ruhr Economic Paper Nr. 133, Berlin, Essen, 2009.

Weitere Veröffentlichungen

• Negativzinsen, Überschussreserven und Tiering der EZB: Wie stark sind die Banken belastet?, Wirtschaftsdienst Vol. 100 Nr. 5, S. 374-379, 2020.
• Die Emergency Liquidity Assistance der EZB - ein Blick in die Black Box, Wirtschaftsdienst Vol. 96 Nr. 1, S. 49-53, 2016.
• Negative Einlagezinsen: Das Experiment beginnt, Wirtschaftsdienst Vol. 94 Nr. 6, S. 384, 2014.
• Negative Einlagezinsen im Euro-Raum? Lehren aus Dänemark, Wirtschaftsdienst Vol. 93 Nr. 12, S. 824-827, 2013.
• Das Fed-System ist nicht die Lösung in der TARGET2-Debatte (zusammen mit Benjamin Weigert), Ökonomenstimme, 2012.
• Das Verrechnungssystem der Federal Reserve und seine Übertragbarkeit auf den Euroraum (zusammen mit Benjamin Weigert), Wirtschaftsdienst Vol. 92 Nr. 4, S. 243-250, 2012.
• Die Illusion politisch unabhängiger Zentralbanken, Ökonomenstimme, 2012.
• Optimale Geld- und Fiskalpolitik unter Unsicherheit (zusammen mit Volker Clausen), Wirtschaftswissenschaftliches Studium 39 Nr. 5, S. 236-242, 2010.