Latest Working Paper
Joachim Wilde and Sarah Forstinger
Testing the normality assumption in an ordered probit model using an artificial regression –
some results for the LM-test
IEW Working Paper #127 (PDF, 1.34 MB)
Vera Baye and Valeriya Dinger
Monetary Policy and Real Estate Price Distortions: How Bank Lending Amplifies Housing Market Imbalances
IEW Working Paper #126 (PDF, 914 kB)
Yin-Wong Cheung, Wenhao Wang and Frank Westermann
An In-Sample Evaluation of Exchange Rate Models: In Search of Scapegoats
IEW Working Paper #125 (PDF, 681 kB)
Daria Suprunenko
Ukrainian export and production after the 2014 Russia shock
IEW Working Paper #124 (PDF, 468 kB)
Daria Suprunenko
Not-so-innocent bystanders: Trade with neighbors of sanctioned countries
IEW Working Paper #123 (PDF, 2.59 MB)
Vera Baye and Valeriya Dinger
Investment incentives of rent controls and gentrification - Evidence from German micro data
IEW Working Paper #122 (PDF, 524 kB)
Sven Steinkamp and Frank Westermann
Development aid and illicit capital flight: Evidence from Nepal
IEW Working Paper #121 (PDF, 639 kB)
Louisa Grimm, Sven Steinkamp and Frank Westermann
On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the €?
IEW Working Paper #120 (PDF, 381 kB)
Yin-Wong Cheung, Louisa Grimm and Frank Westermann
The Evolution of Offshore Renminbi Trading: 2016 to 2019
IEW Working Paper #119 (PDF, 577 kB)
Joachim Wilde
What drives trust of long-term unemployed in their caseworkers? An empirical analysis using experimental data
IEW Working Paper #118 (PDF, 744 kB)
Christoph Bierbrauer
Towards a new architecture for the € area: An early appraisal of the Juncker Commission
IEW Working Paper #117 (PDF, 281 kB)
Yin-Wong Cheung and Wenhao Wang
A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
IEW Working Paper #116 (PDF, 804 kB)
Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
Capital Flight to Germany: Two Alternative Measures
IEW Working Paper #115 (PDF, 690 kB)
Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
A Tale of Two Surplus Countries: China and Germany
IEW Working Paper #114 (PDF, 459 kB)
Sven Steinkamp, Aaron Tornell and Frank Westermann
Evergreening in the € Area: Facts and Explanation
IEW Working Paper #113 (PDF, 678 kB)
Sven Steinkamp and Frank Westermann
Systemic Crisis and Growth Revisited: Has the Global Financial Crisis Marked a New Era?
IEW Working Paper #112 (PDF, 125 kB)
Valeriya Dinger, Vlad Marincas and Francesco Vallascas
Systemic Effects of Bank Equity Issues: Competition, Stabilization and Contagion
IEW Working Paper #111 (PDF, 479 kB)
Christoph Bierbrauer
National Fiscal Stimulus Packages And Consolidation Strategies In A Monetary Union
IEW Working Paper #110 (PDF, 477 kB)
Christoph Bierbrauer
Fiscal policy transmission in a non-Ricardian model of a monetary union
IEW Working Paper #109 (PDF, 754 kB)
Andreas Steiner, Sven Steinkamp and Frank Westermann
Exit Strategies, Capital Flight and Speculative Attacks: Europe's Version of the Trilemma
IEW Working Paper #108 (PDF, 369 kB)
Sven Steinkamp, Aaron Tornell and Frank Westermann
The € Area's Common Pool Problem Revisited: Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening?
IEW Working Paper #107 (PDF, 1.55 MB)
Jair N. Ojeda-Joya and Oscar E. Guzman
The Size of Fiscal Multipliers and the Stance of Monetary Policy in Developing Economies
IEW Working Paper #106 (PDF, 548 kB)
Sven Steinkamp and Frank Westermann
Multilateral loans and interest rates: further evidence on the seniority conundrum
IEW Working Paper #105 (PDF, 362 kB)
Florian Hartmann, Matthieu Charpe, Peter Flaschel and Roberto Veneziani
A Basic Model of Real-Financial Market Interactions with Heterogeneous Opinion Dynamics
IEW Working Paper #104 (PDF, 5.57 MB)
Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
China's Capital Flight: Pre- and Post-Crisis Experiences
IEW Working Paper #103 (PDF, 367 kB)
Andreas Scholze and Frank Westermann
How the ECB prepares its balance sheet - A commentary on the balance sheet expansion of the European Central Bank
IEW Working Paper #102 (PDF, 152 kB)
Nephil M. Maskay, Sven Steinkamp and Frank Westermann
On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal
IEW Working Paper #101 (PDF, 330 kB)
Valeriya Dinger and Francesco Vallascas
Are Banks Less Likely to Issue Equity When They Are Less Capitalized?
IEW Working Paper #100 (PDF, 566 kB)
Frank Westermann
Discussion of "TARGET2 and Central Bank Balance Sheets"
IEW Working Paper #99 (PDF, 346 kB)
Peter Flaschel, Florian Hartmann, Chris Malikane and Christian R. Prosano
A Behavioral Macroeconomic Model of Exchange Rate Fluctuations with Complex Market Expectations Formation
IEW Working Paper #98 (PDF, 666 kB)
Steiner, Andreas
A Tale of Two Deficits: Public Budget Balance of Reserve Currency Countries
IEW Working Paper #97 (PDF, 345 kB)
Kuckuck, Jan and Westermann, Frank
On the size of fiscal multipliers: A counterfactual analysis
IEW Working Paper #96 (PDF, 1.23 MB)
Dufour, Jean-Marie and Wilde, Joachim
Weak identification in probit models with endogenous covariates
IEW Working Paper #95 (PDF, 256 kB)
Dinger, Valeriya, Steinkamp, Sven and Westermann, Frank
The Tragedy of the Commons and Inflation Bias in the € Area
IEW Working Paper #94 (PDF, 235 kB)
Wilde, Joachim
Effects of simultaneity on testing Granger-causality - a cautionary note about statistical problems and economic misinterpretations
IEW Working Paper #93 (PDF, 318 kB)
Steinkamp, Sven and Westermann, Frank
On Creditor Seniority and Sovereign Bond Prices in Europe
IEW Working Paper #92 (PDF, 650 kB)
Kuckuck, Jan
Testing Wagner's Law at Different Stages of Economic Development A Historical Analysis of Five Western European Countries
IEW Working Paper #91 (PDF, 518 kB)
Qian, Xingwang and Steiner, Andreas
International Reserves and the Composition of Equity Capital Inflows
IEW Working Paper #90 (PDF, 125 kB)
Diekmann, Katharina
Are there spillover effects from Hong Kong and the United States to Chinese stock markets?
IEW Working Paper #89 (PDF, 464 kB)
Craig, Ben R. and Dinger, Valeriya
The Duration of Bank Retail Interest Rates
IEW Working Paper #88 (PDF, 512 kB)
Brauer, Sebastian, Leuschner, Carl-Friedrich and Westermann, Frank
Does the Introduction of IFRS Change the Timeless of Loss Recognition? Evidence from German Firms
IEW Working Paper #87 (PDF, 0.93 MB)
Diekmann, Katharina and Westermann, Frank
Financial Development and Sectoral Output Growth in 19th Century Germany
IEW Working Paper #86 (PDF, 319 kB)
Steiner, Andreas
The Accumulation of Foreign Exchange by Central Banks: Fear of Capital Mobility?
IEW Working Paper #85 (PDF, 199 kB)
Steiner, Andreas
Central Banks' Dilemma: Reserve Accumulation, Inflation and Financial Instability
IEW Working Paper #84 (PDF, 190 kB)
Lindenberg, Nannette and Westermann, Frank
How Strong is the Case for Dollarization in Central America? An Empirical Analysis of Business Cycles, Credit Market Imperfections and the Exchange Rate
IEW Working Paper #83 (PDF, 406 kB)
Bönisch, Peter; Gaffert, Philipp and Wilde, Joachim
The Impact of Skills on Remigration Flows
IEW Working Paper #82 (PDF, 785 kB)
Brauer, Sebastian and Westermann, Frank
A Note on the Time Series Measure of Conservatism
IEW Working Paper #81 (PDF, 465 kB)
Steiner, Andreas
Contagious Policies: An Analysis of Spatial Interactions Among Countries' Capital Account Policies
IEW Working Paper #80 (PDF, 193 kB)