Working Paper Reihe

Vera Baye, 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, 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 und Valeriya Dinger
Investment incentives of rent controls and gentrification – Evidence from German micro data
 IEW Working Paper #122 (PDF, 524 kB)

Sven Steinkamp und Frank Westermann
Development aid and illicit capital flight: Evidence from Nepal
 IEW Working Paper #121 (PDF, 639 kB)

Louisa Grimm, Sven Steinkamp und Frank Westermann
On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the Euro?
 IEW Working Paper #120 (PDF, 381 kB)

Yin-Wong Cheung, Louisa Grimm und 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 euro area: An early appraisal of the Juncker Commission
 IEW Working Paper #117 (PDF, 281 kB)

Yin-Wong Cheung und Wenhao Wang
A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
 IEW Working Paper #116 (PDF, 804 kB)

Yin-Wong Cheung, Sven Steinkamp und Frank Westermann
Capital Flight to Germany: Two Alternative Measures
 IEW Working Paper #115 (PDF, 690 kB)

Yin-Wong Cheung, Sven Steinkamp und Frank Westermann
A Tale of Two Surplus Countries: China and Germany
 IEW Working Paper #114 (PDF, 459 kB)

Sven Steinkamp, Aaron Tornell und Frank Westermann
Evergreening in the Euro Area: Facts and Explanation
 IEW Working Paper #113 (PDF, 678 kB)

Sven Steinkamp und 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 und 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 und 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 und Frank Westermann
The Euro 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 und 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 und 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 und 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 und Frank Westermann
China's Capital Flight: Pre- and Post-Crisis Experiences
 IEW Working Paper #103 (PDF, 367 kB)

Andreas Scholze und Frank Westermann
Wie bilanziert die EZB - Ein Kommentar zur Bilanzausweitung der Europäischen Zentralbank
 IEW Working Paper #102 (PDF, 152 kB)

Nephil M. Maskay, Sven Steinkamp und Frank Westermann
On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal
 IEW Working Paper #101 (PDF, 330 kB)

Valeriya Dinger und 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 und 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 und Westermann, Frank
On the size of fiscal multipliers: A counterfactual analysis
 IEW Working Paper #96 (PDF, 1.23 MB)

Dufour, Jean-Marie und Wilde, Joachim
Weak identification in probit models with endogenous covariates
 IEW Working Paper #95 (PDF, 256 kB)

Dinger, Valeriya, Steinkamp, Sven und Westermann, Frank
The Tragedy of the Commons and Inflation Bias in the Euro 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 und 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 und 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. und Dinger, Valeriya
The Duration of Bank Retail Interest Rates
 IEW Working Paper #88 (PDF, 512 kB)

Brauer, Sebastian, Leuschner, Carl-Friedrich und 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 und 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 und 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 und Wilde, Joachim
The Impact of Skills on Remigration Flows
 IEW Working Paper #82 (PDF, 785 kB)

Brauer, Sebastian und 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)