Current Research Interests

  • International Macroeconomics:

    • International Policy Coordination
    • Macroeconomic Aspects of Fiscal Federalism

  • Nonlinearities in Macroeconomic Modelling and Time Series:

    • Solution Methods for Dynamic Nonlinear Stochastic Equilibrium Systems

Working Papers

  • Solving Nonlinear Rational Expectations Models by Approximating the Stochastic Equilibrium System
    Working Paper Version June 2012, new version coming soon     
  • Fiscal Backlash to International Monetary Policy Coordination, Working Paper Version June 2014

Publications

  • Fiscal Federalism and Monetary Unions: A Quantitative Assessment, Journal of International Economics, Volume 97 (1), 59–75, September 2015
    Published Version
  • Strategic monetary policy in interdependent economies: Gains from coordination reconsidered, Journal of International Money and Finance, Volume 32, 360–376, February 2013
    Published Version
  • Federal fiscal transfer rules in monetary unions, European Economic Review, 56 (3), 507–525, April 2012
    Published Version
  • Federal Fiscal Transfers in Monetary Unions: A NOEM Approach, International Tax and Public Finance (Special Issue), 13 (4), 463-488, August 2006
    Published Version

Old Working Papers, partially incorporated

  • A Self-Consistent Perturbation Procedure For Solving Dynamic Stochastic General Equilibrium Models, January 2010
  • Inflation, Liquidity Risk and Long-run TFP - Growth, with Stefan Niemann and Marc Schiffbauer, January 2009, Papers DYNREG48, Economic and Social Research Institute (ESRI)
    Working Paper
  • Inflation, Investment Composition, and Total Factor Productivity, with Stefan Niemann and Marc Schiffbauer, June 2007, Economics Discussion Papers 632, University of Essex
    Working Paper
  • Optimum Policy Domains in an Interdependent World, 2007, Bonn Econ Discussion Paper 12/2007, incorporated into Fiscal Backlash to International Monetary Policy Coordination
  • Optimal Monetary Policy in an Interdependent World, 2007, Bonn Econ Discussion Paper 10/2007, incorporated into Strategic Monetary Policy in Interdependent Economies: Gains from Coordination Reconsidered
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