Economic Policy

“Monetary-Fiscal Interaction – Achieving the Right Monetary-Fiscal Policy Mix in the Euro Area”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of September 2023 (with Sara Dietz, Rosa Lastra and Marie Rullière).

"US Inflation Reduction Act Demands Quick Strategic Action from the EU", DIW Weekly Report 6/2023, pp. 53-60 (with Josefin Meyer).

"US-Investitionspaket Inflation Reduction Act erfordert schnelles strategisches Handeln der EU", DIW Wochenbericht 6/2023, S. 59-67 (mit Josefin Meyer).

“Activation of new ECB emergency program TPI has not yet been required”, DIW Weekly Report 40/2022, pp. 250-256 (with Sara Dietz, Gökhan Ider and Rosa Lastra).

“Einsatz des neuen EZB-Notfallprogramms TPI bisher nicht erforderlich”, DIW Wochenbericht 40/2022, S. 512-519 (with Sara Dietz, Gökhan Ider and Rosa Lastra).

“The ECB’s Transmission Protection Instrument: a legal & economic analysis”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of September 2022 (with Sara Dietz, Gökhan Ider and Rosa Lastra).

„Inflation im Euroraum: Faktoren wirken meist nur temporär, aber Risiko für länger erhöhte Inflation vorhanden”, DIW Wochenbericht 42 /2021, S. 695-704 (with Gökhan Ider).

“Inflation in the Euro Area: Factors Mostly Have Only a Temporary Effect, but Risk of Prolonged Elevated Inflation Remains”, DIW Weekly Report 41/42 /2021, pp. 315-323 (with Gökhan Ider).

“Inflation on the Upswing – Just a Hiccup or the Trend Reversal after all?”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of September 2021 (with Gökhan Ider).

“The ECB’s Communication Strategy: Limits and Challenges After the Financial Crisis”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of February 2020 (with Geraldine Dany-Knedlik).

“Instruments of a strategic foreign economic policy”, Study for the Germany Federal Foreign Office, Kiel Institute for the World Economy (IfW), Germany Institute for Economic Research (DIW Berlin) and Bruegel (joint with several other authors).

“Happy Birthday? The Euro at 20”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of January 2019 (with Franziska Bremus, Geraldine Dany-Knedlik, Henrik Enderlein, Marcel Fratzscher, Lukas Guttenberg, Alexander Kriwoluzky, Rosa Lastra).

“Negative Interest Rates and the Signalling Channel”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of September 2018 (with Alexander Haas).

“Monetary Policy Implications of Financial Innovation: In-Depth Analysis”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of June 2017 (with Stefan Gebauer and Dorothea Schäfer)

“The Eurosystem's Agreement on Net Financial Assets (ANFA): Covert Monetary Financing or Legitimate Portfolio Management?“, DIW Economic Bulletin 12/13/2016, pp. 141-150 (with Philipp König)

“Verdeckte Staatsfinnzierung oder erlaubte Portfoliosteuerung? Das ANFA-Abkommen des Eurosystems”, DIW Wochenbericht 12/13/2016, pp. 243-253 (with Philipp König).

“ECB Asset Purchases May Affect Wealth Distribution”, DIW Economic Bulletin 7/2016, pp. 75-81 (with Benjamin Beckers and Philipp König) 

“EZB-Anleihekäufe können Vermögensverteilung beeinflussen“, DIW Wochenbericht 7/2016, pp. 127-134 (with Benjamin Beckers and Philipp König).

“Implications for the Euro Area of Divergent Monetary Policy Stances by the Fed and the ECB – The Role of Financial Spillovers”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of February 2016 (with Philipp König).

“Quantitative Easing – What are the Side Effects on Income and Wealth Distribution”, In-Depth Analysis for the Department `Economic and Scientific Policy’ of the European Parliament for the Monetary Dialogue of June 2015 (with Philipp König, Caterina, Benjamin Beckers and Forti Grazzini.

“Central Bank Asset Puchases I: The Theory”, DIW Roundup 60/2015 (with Carolin Raab, and Philipp König.

„Large-Scale Asset Purchases by Central Banks II: Empirical Evidence”, DIW Roundup 61/2015 (with Philipp König, Carolin Raab)

„Unchartered Territory: Large-Scale Asset Purchases by the European Central Bank”, DIW Economic Bulletin 13 / 2015, pp. 189-198 (with Philipp König, Carolin Raab, Marcel Fratzscher).

„Unbekanntes Terrain: Anleihekäufe der Europäischen Zentralbank“, DIW Wochenbericht 13/2015, pp. 307-316 (with Philipp König, Carolin Raab and Marcel Fratzscher).

“Fiscal Devaluation: Economic Stimulus for Crisis Countries in the Euro Area”, DIW Economic Bulletin 10 / 2014, pp. 12-18 (with Patrick Burauel and Philipp Engler).

„Fiskalische Abwertung: wirtschaftlicher Impuls für die Krisenländer im Euroraum“, DIW Wochenbericht 39/2014, pp. 916-922 (with Patrick Burauel and Philipp Engler).

„Inflationserwartungen im Euroraum sind nicht mehr fest verankert: neue Maßnahmen der EZB-Geldpolitik“, DIW Wochenbericht 27/2014, pp. 856-867 (with Marcel Fratzscher, Philipp König und Klara Rabe).

“Weak Inflation and Threat of Deflation in the Euro Area: Limits of Conventional Monetary Policy“, DIW Economic Bulletin 5 / 2014 (with Marcel Fratzscher, Philipp König).

“More Growth through Higher Investment”, DIW Economic Bulletin 8/2013, pp. 5-16 (with Stefan Bach, Guido Baldi, Björn Bremer, Beatrice Farkas, Ferdinand Fichtner, Marcel Fratzscher, Martin Gornig)

„Wege zu einem höheren Wachstumspfad“, DIW Wochenbericht 26/2013, pp.6-17 (with Stefan Bach, Guido Baldi, Björn Bremer, Beatrice Farkas, Ferdinand Fichtner, Marcel Fratzscher, Martin Gornig)

“A Transfer Mechanism as a Stabilization Tool in the EMU“, DIW Economic Bulletin 1/2013, pp. 3-8 (with Philipp Engler).

“Konjunkturelle Ausgleichszahlungen als Stabilisierungsinstrument in der Europäischen Währungsunion“, DIW Wochenbericht 44/2012, pp. 3-8 (with Philipp Engler).

„"Grüne" Investitionen in einem europäischen Wachstumspaket“, DIW Wochenbericht 25/2012, pp. 3-9 (with Thomas Spencer, Lucas Chancel, Emmanuel Guérin, Karsten Neuhoff).

“The future of the international monetary system“, DIW Economic Bulletin 1(4), 2011, pp. 11-17 (with Ansgar Belke and Ferdinand Fichtner).

„Die Zukunft des internationalen Währungssystems“, DIW Wochenbericht 37/38/2011, pp. 11-18 (with Ansgar Belke and Ferdinand Fichtner).

„Entwicklung der Erdölmärkte: Reservekapazität im Nahen Osten wirkt derzeit stabilisierend“, DIW Wochenbericht 21/2011, pp. 3-9 (with Aleksandar Zaklan, Daniel Huppmann, Claudia Kemfert, Christian von Hirschhausen).

„Zinsspreads auf europäische Staatsanleihen: Implikationen und Lehren aus der europäischen Schuldenkrise“, Vierteljahreshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2010, 79, (4), pp. 103-118.

„Zinsspreads auf europäische Anleihen: Finanzmärkte verstärken Druck zu mehr Haushaltsdisziplin“, DIW Wochenbericht 39/2010, pp. 12-18 (with Burcu Erdogan).

“Confidence, happiness and the financial situation of households”, DNB Quarterly Bulletin, September 2005, pp. 59-71.