CFS Working Papers

Part of CFS research has moved to the Leibniz Institute for Financial Research SAFE. Please find the SAFE Working Paper Series here.

No.	Researcher	Title	Category	Year	Keywords
651	Richard Disney, John Gathergood, Stephen Machin, Matteo Sandi	Does Homeownership Reduce Crime? A Radical Housing Reform from the UK		2020
650	Lutz Kilian, Atsushi Inoue	Joint Bayesian Inference about Impulse Responses in VAR Models		2020
649	Lutz Kilian	Understanding the Estimation of Oil Demand and Oil Supply Elasticities		2020
648	Lutz Kilian, Xiaoqing Zhou, Nikos Nomikos	A Quantitative Model of the Oil Tanker Market in the Arabian Gulf		2020
647	Lutz Kilian, Xiaoqing Zhou	Does Drawing Down the U.S. Strategic Petroleum Reserve Help Stabilize Oil Prices?		2020
646	Lutz Kilian, Xiaoqing Zhou	Oil Prices, Exchange Rates and Interest Rates		2020
645	Lutz Kilian, Xiaoqing Zhou	Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts		2020
644	Olivia S. Mitchell	Building Better Retirement Systems in the Wake of the Global Pandemic		2020
643	Volker Brühl	Mehr Nachhaltigkeit im deutschen Leitindex DAX - Reformvorschläge im Lichte des Wirecard-Skandals		2020
642	Refet S. Gürkaynak, A. Hakan Kara, Burçin Kısacıkoğlu, Sang Seok Lee	Monetary Policy Surprises and Exchange Rate Behavior	Monetary Policy & Financial Stability	2020
641	Sergey Kovbasyuk, Marco Pagano	Advertising Arbitrage		2020
640	Sylwia Hubar, Christos Koulovatianos, Jian Li	The Role of Labor-Income Risk in Household Risk-Taking?		2020
639	Günter Coenen, Carlos Montes-Galdón, Frank Smets	Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment	Monetary Policy & Financial Stability	2020
638	Christos Koulovatianos, Zaruhi Hakobyan	Symmetric Markovian Games of Commons with Potentially Sustainable Endogenous Growth	Economics and Finance	2019
637	Thomas Hintermaier, Winfried Koeniger	Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission		2019
636	Jorge Gonçalves, Roman Kräussl, Vladimir Levin	Do “Speed Bumps” Prevent Accidents in Financial Markets?	Corporate Finance & Financial Markets	0
635	Mathieu Aubry, Roman Kräussl, Gustavo Manso, Christophe Spaenjers	Machine Learning, Human Experts, and the Valuation of Real Assets	Corporate Finance & Financial Markets	0
634	Pascal Kieren, Martin Weber	When saving is not enough – The wealth decumulation decision in retirement	Economics and Finance	0
633	Volker Brühl	LIBRA – a differentiated view on Facebook’s virtual currency project	Monetary Policy & Financial Stability	0
632	Yi Huang, Marco Pagano, Ugo Panizza	Local Crowding Out in China	Economics and Finance	0
631	Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero	Debt Close to Retirement and Its Implications for Retirement Well-being	Economics and Finance	0
630	Joelle H. Fong, Benedict SK. Koh, Olivia S. Mitchell, Susann Rohwedder	Financial Literacy and Suboptimal Financial Decisions at Older Ages	Economics and Finance	0
629	Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence	Corporate Finance & Financial Markets	0
628	Refet S. Gürkaynak, Hatice Gökçe Karasoy-Can, Sang Seok Lee	Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect	Monetary Policy & Financial Stability	0
627	Volker Brühl	Financial Literacy Among German Students at Secondary Schools: Some Empirical Evidence from the State Of Hesse	Economics and Finance	2019
626	Zaruhi Hakobyan, Christos Koulovatianos	Populism and Polarization in Social Media Without Fake News: the Vicious Circle of Biases, Beliefs and Network Homophily	Economics and Finance	0
625	Gökhan Cebiroglu, Nikolaus Hautsch, Christopher Walsh	Revisiting the Stealth Trading Hypothesis: Does Time-Varying Liquidity Explain The Size-Effect?		2019
624	Carlo Altavilla, Luca Brugnolini, Refet S. Gürkaynak, Roberto Motto, Giuseppe Ragusa	Measuring Euro Area Monetary Policy	Monetary Policy & Financial Stability	0
623	Joao Granja, Christian Leuz, Raghuram G. Rajan	Going the Extra Mile: Distant Lending and Credit Cycles	Monetary Policy & Financial Stability	0
622	Jannis Bischof, Christian Laux, Christian Leuz	Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges	Monetary Policy & Financial Stability	0
621	Christina Bannier, Yannik Bofinger, Björn Rock	Doing Safe by Doing Good: ESG Investing and Corporate Social Responsibility in the U.S. and Europe	Corporate Finance & Financial Markets	0
620	Viral V. Acharya, Björn Imbierowicz, Sascha Steffen, Daniel Teichmann	Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?	Monetary Policy & Financial Stability	0
619	Andreas Beyer, Katrin Assenmacher-Wesche	A cointegration model of money and wealth	Monetary Policy & Financial Stability	0
617	Volker Brühl	Big Data, Data Mining, Machine Learning und Predictive Analytics – ein konzeptioneller Überblick	Corporate Finance & Financial Markets	0
616	Nikolaus Hautsch, Christoph Scheuch, Stefan Voigt	Limits to Arbitrage in Markets with Stochastic Settlement Latency	Corporate Finance & Financial Markets	0
615	Winfried Koeniger, Marc-Antoine Ramelet	Home Ownership and Monetary Policy Transmission	Monetary Policy & Financial Stability	0
614	Christos Koulovatianos, Dimitris Mavridis	Increasing Taxes After a Financial Crisis: Not a Bad Idea After All...	Monetary Policy & Financial Stability	0
613	John Donaldson, Christos Koulovatianos, Jian Li, Rajnish Mehra	Demographics and FDI: Lessons from China’s One-Child Policy	Economics and Finance	0
612	Hans Gersbach	Contingent Contracts in Banking: Insurance or Risk Magnication?	Corporate Finance & Financial Markets	0
611	Christian Leuz	Evidence-Based Policymaking: Promise, Challenges and Opportunities for Accounting and Financial Markets Research	Corporate Finance & Financial Markets	0
610	João Granja, Christian Leuz	The Death of a Regulator: Strict Supervision, Bank Lending and Business Activity	Monetary Policy & Financial Stability	0
609	Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene Soltes, Andreas Hackethal	Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation	Corporate Finance & Financial Markets	2018
608	Brandon Gipper, Luzi Hail, Christian Leuz	On the Economics of Audit Partner Tenure and Rotation: Evidence from PCAOB Data	Corporate Finance & Financial Markets	0
607	Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Putting the Pension Back in 401(k) Retirement Plans: Optimal versus Default Longevity Income Annuities	Corporate Finance & Financial Markets	0
606	Lutz Kilian, Xiaoqing Zhou	The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada	Corporate Finance & Financial Markets	0
605	Volker Brühl	Plädoyer für einen „Rentenfonds Deutschland“ – warum ein kapitalgedeckter Investitionsfonds ein wichtiger Beitrag zu mehr Generationengerechtigkeit sein könnte	Corporate Finance & Financial Markets	0
604	Lizethe Méndez, Steven Ongena	“Finance And Growth” Re-Loaded	Corporate Finance & Financial Markets	0
603	Marco Pagano, Luca Picariello	Talent Discovery, Layoff Risk and Unemployment Insurance	Economics and Finance	0
602	Andrew Ellul, Marco Pagano, Annalisa Scognamiglio	Career Risk and Market Discipline in Asset Management	Corporate Finance & Financial Markets	0
601	Michael Woodford, Klaus Adam	Leaning Against Housing Prices As Robustly Optimal Monetary Policy	Monetary Policy & Financial Stability	0
600	Klaus Adam, Dmitry Matveev, Stefan Nagel	Do Survey Expectations of Stock Returns Reflect Risk-Adjustments?	Corporate Finance & Financial Markets	0
599	Aleksandar Andonov, Roman Kräussl, Joshua Rauh	The Subsidy to Infrastructure as an Asset Class	Corporate Finance & Financial Markets	2018
598	Roman Kräussl, Zsofia Kräussl, Joshua Pollet, Kalle Rinne	The Performance of Marketplace Lenders: Evidence from Lending Club Payment Data	Corporate Finance & Financial Markets	2018
597	Roman Kräussl, Joshua Pollet, Denitsa Stefanova	Signaling or Marketing? The Role of Discount Control Mechanisms in Closed-End Funds	Corporate Finance & Financial Markets	2018
596	Luiz Félix, Roman Kräussl, Philip Stork	Predictable Biases in Macroeconomic Forecasts and Their Impact Across Asset Classes	Corporate Finance & Financial Markets	2018
595	Renée Adams, Roman Kräussl, Marco Navone, Patrick Verwijmeren	Is gender in the eye of the beholder? Identifying cultural attitudes with art auction prices	Corporate Finance & Financial Markets	2018
594	Amy Whitaker, Roman Kräussl	The Subsidy to Infrastructure as an Asset Class	Corporate Finance & Financial Markets	2018
593	Petrus Ferreira, Roman Kräussl, Wayne R. Landsman, Maria Nykyforovych, Peter Pope	Reliability and Relevance of Fair Values: Private Equity Investments and Investee Fundamentals	Corporate Finance & Financial Markets	2018
592	Volker Brühl	The clearing of euro OTC derivatives post Brexit – why a uniform regulation and supervision of CCPs is essential for European financial stability	Corporate Finance & Financial Markets	2018
591	Günther Gebhardt, Zoltán Novotny-Farkas	Comparability and predictive ability of loan loss allowances – The role of accounting regulation versus bank supervision	Corporate Finance & Financial Markets	2018
590	Enikő Gábor-Tóth, Dimitris Georgarakos	Economic Policy Uncertainty and Stock Market Participation	Monetary Policy & Financial Stability	2018
589	Christos Koulovatianos, Jian Li, Fabienne Weber	Market Fragility and the Paradox of the Recent Stock-Bond Dissonance	Corporate Finance & Financial Markets	2017
588	Volker Brühl	Clearing of euro OTC derivatives post Brexit - an analysis of the present cost estimates	Corporate Finance & Financial Markets	2017
587	Hans Gersbach, Salomon Faure	Loanable Funds vs Money Creation in Banking: A Benchmark Result	Monetary Policy & Financial Stability	2017
586	Roman Goncharenko, Steven Ongena, Asad Rauf	The Agency of CoCo: Why Do Banks Issue Contingent Convertible Bonds?	Corporate Finance & Financial Markets	2017
585	Milena Schwarz, Christina Bannier	Gender- and education-related effects of financial sophistication on wealth accumulation: Evidence from heteroscedasticity-based instruments	Corporate Finance & Financial Markets	2017
584	Christina Bannier, Dennis Sinzig	Finanzwissen und Vorsorgesparverhalten	Monetary Policy & Financial Stability	2017
583	Christina Bannier, Thomas Pauls, Andreas Walter	CEO-speeches and stock returns	Corporate Finance & Financial Markets	2017
582	Nikolaus Hautsch, Stefan Voigt	Large-Scale Portfolio Allocation Under Transaction Costs and Model Uncertainty	Corporate Finance & Financial Markets	2017
581	Martin D. Gould, Nikolaus Hautsch, Sam D. Howison, Mason A. Porter	Counterparty Credit Limits: An Effective Tool for Mitigating Counterparty Risk?	Corporate Finance & Financial Markets	2017
580	Nikolaus Hautsch, Michael Noé, S. Sarah Zhang	The Ambivalent Role of High-Frequency Trading in Turbulent Market Periods	Corporate Finance & Financial Markets	2017
579	Klaus Adam, Henning Weber	Optimal Trend Inflation	Monetary Policy & Financial Stability	2017
578	Günter Coenen, Michael Ehrmann, Gaetano Gaballo, Peter Hoffmann, Anton Nakov, Stefano Nardelli, Eric Persson, Georg H. Strasser	Communication of monetary policy in unconventional times	Monetary Policy & Financial Stability	2017
577	Francis X. Diebold, Frank Schorfheide, Minchul Shin	Real-Time Forecast Evaluation of DSGE Models with Stochastic Volatility	Monetary Policy & Financial Stability	2017
576	Mert Demirer, Francis X. Diebold, Laura Liu, Kamil Yilmaz	Estimating global bank network connectedness	Monetary Policy & Financial Stability	2017
575	Francis X. Diebold, Laura Liu, Kamil Yilmaz	Commodity Connectedness	Monetary Policy & Financial Stability	2017
574	Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero	Debt and Financial Vulnerability on the Verge of Retirement	Corporate Finance & Financial Markets	2017
573	Olivia S. Mitchell, Donald B. Keim	Simplifying Choices in Defined Contribution Retirement Plan Design: A Case Study	Corporate Finance & Financial Markets	2017
572	Joachim Grammig, Eva-Maria Küchlin	A two-step indirect inference approach to estimate the long-run risk asset pricing model	Corporate Finance & Financial Markets	2017
571	Nikolaus Hautsch, Akos Horvath	How Effective are Trading Pauses?	Corporate Finance & Financial Markets	2017
570	Giulio Fella, Serafin Frache, Winfried Koeniger	Buffer-stock saving and households' response to income shocks	Corporate Finance & Financial Markets	0
569	Torben G. Andersen, Gökhan Cebiroglu, Nikolaus Hautsch	Volatility, Information Feedback and Market Microstructure Noise: A Tale of Two Regimes	Corporate Finance & Financial Markets	2017
568	Joshua Goldstein, Christos Koulovatianos, Jian Li, Carsten Schröder	Evaluating How Child Allowances and Daycare Subsidies Affect Fertility	Economics and Finance	2017
567	Roman Kräussl, Thorsten Lehnert, Denitsa Stefanova	The European Sovereign Debt Crisis: What Have We Learned?	Corporate Finance & Financial Markets	2016
566	Luiz Félix, Roman Kräussl, Philip Stork	Single stock call options as lottery tickets	Corporate Finance & Financial Markets	2016	Cumulative prospect theory; Market sentiment; Risk-neutral densities; Call options
565	Luiz Félix, Roman Kräussl, Philip Stork	Implied Volatility Sentiment: A Tale of Two Tails	Corporate Finance & Financial Markets	2016	Sentiment, implied volatility skew, equity-risk premium, reversals, predictability
564	Roman Kräussl, Elizaveta Mirgorodskaya	The Winner's Curse on Art Markets	Corporate Finance & Financial Markets	2016	Overreaction, winner's curse, pricing estimates, repeat sale, auction, art market
563	Christiane Baumeister, Reinhard Ellwanger, Lutz Kilian	Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?	Monetary Policy & Financial Stability	2016
562	Thierry Mayer, Marc J. Melitz, Gianmarco Ottaviano	Product Mix and Firm Productivity Responses to Trade Competition	Corporate Finance & Financial Markets	2016
561	Christian Volpe Martincus, Gianmarco Ottaviano, Jeronimo Carballo	The Buyer Margins of Firms' Exports	Corporate Finance & Financial Markets	2016
560	Gianmarco Ottaviano, Giovanni Peri, Greg C. Wright	Immigration, Trade and Productivity in Services: Evidence from U.K. Firms	Corporate Finance & Financial Markets	2016
559	Martin Goetz	Competition and Bank Stability	Monetary Policy & Financial Stability	2016
558	Lutz Hendricks	Accounting for Changing Returns to Experience	Economics and Finance	2016
557	Lutz Hendricks, Todd Schoellman	Human Capital and Development Accounting: New Evidence from Wage Gains at Migration	Economics and Finance	2016
556	Richard Disney, John Gathergood	House Prices, Wealth Effects and Labour Supply	Economics and Finance	2016
555	Salomon Faure, Hans Gersbach	Money Creation and Destruction	Monetary Policy & Financial Stability	0
554	Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth	Investor Financial Literacy in the Workplace	Corporate Finance & Financial Markets	0
553	Jill E. Fisch, Stephen J. Choi, Marcel Kahan, Edward B. Rock	Does Majority Voting Improve Board Accountability?	Corporate Finance & Financial Markets	0
552	Jill E. Fisch, Jonah B. Gelbach, Jonathan Klick	After Halliburton: Event Studies and Their Role in Federal Securities Fraud Litigation	Corporate Finance & Financial Markets	0
551	Matthias M. M. Buehlmaier, Josef Zechner	Financial Media, Price Discovery, and Merger Arbitrage	Corporate Finance & Financial Markets	0
550	Paul Schneider, Christian Wagner, Josef Zechner	Low Risk Anomalies?	Corporate Finance & Financial Markets	0
549	Daniel A. Rettl, Alex Stomper, Josef Zechner	The Stability of Dividends and Wages: Effects of Competitor Inflexibility	Corporate Finance & Financial Markets	0
548	Youchang Wu, Russ Wermers, Josef Zechner	Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds	Corporate Finance & Financial Markets	0
547	Thomas Dangl, Josef Zechner	Debt Maturity and the Dynamics of Leverage	Corporate Finance & Financial Markets	0
546	Thomas Dangl, Otto Randl, Josef Zechner	Risk Control in Asset Management: Motives and Concepts	Corporate Finance & Financial Markets	2016
545	Otto Randl, Josef Zechner	Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation	Monetary Policy & Financial Stability	0
544	Alexander Mürmann, Thomas Rauter	Prestige and Loan Pricing	Corporate Finance & Financial Markets	2016
543	Daniela Kremslehner, Alexander Mürmann	Asymmetric Information in Automobile Insurance: Evidence from Driving Behavior	Corporate Finance & Financial Markets	2016
542	Ester Faia	Sovereign Risk, Bank Funding and Investors’ Pessimism	Corporate Finance & Financial Markets	2016
541	Patrick Augustin, Menachem Brenner, Gunnar Grass, Marti G. Subrahmanyam	How do Insiders Trade?	Monetary Policy & Financial Stability	2016
540	Patrick Augustin, Valeri Sokolovski, Marti G. Subrahmanyam, Davide Tomio	Why Do Investors Buy Sovereign Default Insurance?	Corporate Finance & Financial Markets	2016
539	Carlo Altavilla, Marco Pagano, Saverio Simonelli	Bank Exposures and Sovereign Stress Transmission	Monetary Policy & Financial Stability	2016
538	Volker Brühl	How to define a Systemically Important Financial Institution (SIFI) – a new perspective	Monetary Policy & Financial Stability	2016
537	Markus K. Brunnermeier, Sam Langfield, Marco Pagano, Ricardo Reis, Stijn Van Nieuwerburgh, Dimitri Vayanos	ESBies: Safety in the Tranches	Corporate Finance & Financial Markets	2016
536	Günter Beck, Hans-Helmut Kotz, Natalia Zabelina	Prices and consumer purchasing preferences at the border: evidence from a multi-country household scanner data set	MIGGROPRICES	2016
535	Christian Rühl	Size and welfare costs of price differences across European countries	MIGGROPRICES	2016
534	Günter Beck, Sarah M. Lein	Microeconometric evidence on demand-side real rigidity and implications for monetary nonneutrality	MIGGROPRICES	2016
533	Söhnke Bartram, Gregory Brown, René M. Stulz	Why does idiosyncratic risk increase with market risk?	Corporate Finance & Financial Markets	2016
532	Ludger Schuknecht	The supply of “safe” assets and fiscal policy	Monetary Policy & Financial Stability	2016
531	Volker Brühl	Die Kosten der Flüchtlingskrise in Deutschland – eine Investition in die Zukunft?	Corporate Finance & Financial Markets	2016
530	Andrea Zaghini	Fragmentation and Heterogeneity in the Euro – Area Corporate Bond Market: Back to normal?	Corporate Finance & Financial Markets	2016
529	Qing He, Liping Lu, Steven Ongena	Who Gains from Credit Granted between Firms? Evidence from Inter-corporate Loan Announcements Made in China	Monetary Policy & Financial Stability	2016
528	Christina Bannier, Milena Neubert	Actual and perceived financial sophistication and wealth accumulation: The role of education and gender	Household Finance & Retail Banking	2016
527	Dae Woong Kang, Nick Ligthart, Ashoka Mody	The European Central Bank: Building a Shelter in a Storm	Monetary Policy & Financial Stability	2015
526	Peter A. Zadrozny	Extended Yule-Walker Identification of Varma Models With Single- Or Mixed Frequency Data	Corporate Finance & Financial Markets	2015
525	Christiane Baumeister, Lutz Kilian	Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us	Monetary Policy & Financial Stability	2015
524	Roman Kräussl, Thorsten Lehnert, Sigita Senulyte	Euro Crash Risk	Monetary Policy & Financial Stability	2015
523	William Schulze, David Deeds, Robert Wuebker, Roman Kräussl	Toward a Pecking Order Theory of Strategic Resource Deployment	Monetary Policy & Financial Stability	2015	Resource Acquisition, Dynamic Capabilities, Venture Capital
522	Ronald Bosman, Roman Kräussl, Elizaveta Mirgorodskaya	The “Tone Effect” of News on Investor Beliefs: An Experimental Approach	Monetary Policy & Financial Stability	2015	Tone, News, Framing Effect, Price Expectations, Investor Sentiment, Investment Decisions, Experiment
521	Otmar Issing	Completing the Unfinished House: Towards a Genuine Economic and Monetary Union?	Monetary Policy & Financial Stability	2015
520	Refet S. Gürkaynak, Zeynep Kantur, M. Anil Tas, Secil Yildirim	Monetary Policy in Turkey after Central Bank Independence	Monetary Policy & Financial Stability	2015	Turkey, CBRT, monetary policy, fiscal policy
519	Thomas Hintermaier, Winfried Koeniger	Household Debt and Crises of Confidence	Household Finance & Retail Banking	2015	Household debt, Consumer confidence, Collateral constraints, Multiple equilibria
518	Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin	Accounting-Based Asset Return Smoothing in Participating Life Annuities: Implications for Annuitants, Insurers, and Policymakers	Household Finance & Retail Banking	2015
517	Andrew Ellul, Marco Pagano, Fabiano Schivardi	Employment and Wage Insurance within Firms: Worldwide Evidence	Corporate Finance & Financial Markets	2015	risk-sharing, insurance, social security, unemployment, wages, family firms
516	Nikolaus Hautsch, Rodrigo Herrera	Multivariate Dynamic Intensity Peaks-Over-Threshold Models	Corporate Finance & Financial Markets	2015	Extreme value theory, Value-at-Risk, Expected shortfall, Self-exciting point process, Conditional intensity
515	Stefan Gerlach, Peter Kugler	Back to Gold: Sterling in 1925	Monetary Policy & Financial Stability	2015	Gold Standard, Sterling, exchange rate, PPP, expectations
514	Stefan Gerlach, Reamonn Lydon, Rebecca Stuart	Unemployment and Inflation in Ireland: 1926-2012	Monetary Policy & Financial Stability	2015	Ireland, historical statistics, inflation, unemployment, import prices
513	Stefan Gerlach, Rebecca Stuart	Money, Interest Rates and Prices in Ireland, 1933-2012	Monetary Policy & Financial Stability	2015	Ireland, historical statistics, long time series, business cycles, SVAR
512	Jeffrey R. Brown, Chichun Fang, Francisco Gomes	Risks and Returns to Education Over Time	Household Finance & Retail Banking	2015
511	Judit Temesvary, Steven Ongena, Ann Owen	A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross‐Border and Affiliate Lending by Global U.S. Banks?	Monetary Policy & Financial Stability	2015	bank lending channel, monetary transmission, global banking, cross‐country analysis
510	Troy Davig, Refet S. Gürkaynak	Is Optimal Monetary Policy Always Optimal?	Monetary Policy & Financial Stability	2015	Central Banking, Monetary Policy, Fiscal Policy, Optimal Policy, Optimal Policy Mix
509	Christina Bannier, Carolin Schürg	Corporate Investment, Debt and Liquidity Choices in the Light of Financial Constraints and Hedging Needs	Monetary Policy & Financial Stability	2015	Cash flow sensitivity, investment, debt issuance, cash holdings
508	Carolina Achury, Christos Koulovatianos, John Tsoukalas	Political Economics of External Sovereign Defaults	Monetary Policy & Financial Stability	2015	sovereign debt, rent seeking, world interest rates, international lending, incentive compatibility, tragedy of the commons, EU crisis, Grexit, Graccident
507	Tullio Jappelli, Mario Padula	The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources	Household Finance & Retail Banking	2015	Severance Pay, Consumption, Wealth Accumulation
506	Volker Brühl, Uwe Walz	Das anhaltende Niedrigzinsumfeld in Deutschland	Corporate Finance & Financial Markets	2015
505	Andrea Silvestrini, Andrea Zaghini	Financial Shocks and the Real Economy in a Nonlinear World: From Theory to Estimation	Monetary Policy & Financial Stability	2015	financial crisis, nonlinearities, financial shocks
504	Florian Hense	Interest Rate Elasticity of Bank Loans: The Case for Sector-Specific Capital Requirements	Monetary Policy & Financial Stability	2015	Bank loans, disaggregation, interest rate elasticity, macro-prudential tools
503	John Coglianese, Lucas W. Davis, Lutz Kilian, James H. Stock	Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand	Monetary Policy & Financial Stability	2015
502	Lutz Hendricks, Oksana Leukhina	How Risky is College Investment?	Monetary Policy & Financial Stability, Household Finance & Retail Banking	2015	Education, College dropout risk
501	Christiane Baumeister, Lutz Kilian	Understanding the Decline in the Price of Oil Since June 2014	Monetary Policy & Financial Stability	2015	Oil price declines, OPEC, oil supply, oil demand, shale oil
500	Christiane Baumeister, Lutz Kilian, Thomas K. Lee	Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump	Monetary Policy & Financial Stability	2015	Retail gasoline price, oil market, real-time data, WTI, Brent, survey expectations, expert forecasts, forecast combination
499	Lutz Kilian	The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices	Financial Stability and Banking Regulation	2014	Shale oil, unconventional oil, tight oil, infrastructure, export ban, refining, U.S. oil independence, oil sands, capacity constraints, oil trade
498	Pablo Guerron-Quintana, Atsushi Inoue, Lutz Kilian	Impulse Response Matching Estimators for DSGE Models	Financial Stability and Banking Regulation	2014	Structural estimation, DSGE, VAR, impulse response, nonstandard asymptotics, bootstrap, weak identication, robust inference
497	Winfried Koeniger, Julien Prat	Human Capital and Optimal Redistribution	Household Finance	2014	human capital, optimal taxation
496	Maria Bigoni, Gabriele Camera, Marco Casari	Money is More than Memory	Macro Finance	2014	Cooperation, intertemporal trade, experiments, social norms, social dilemmas
495	Ronald Bosman, Roman Kräussl, Thomas van Galen	Emotions-at-Risk: An Experimental Investigation into Emotions, Option Prices and Risk Perception	Financial Stability and Banking Regulation	2014	Risk perception, emotions, affect heuristic, option prices, experiment
494	Roman Kräussl	Art as an Alternative Asset Class: Risk and Return Characteristics of the Middle Eastern & Northern African Art Markets	Financial Stability and Banking Regulation	2014	Alternative investments, Art price index, Optimal Asset Allocation
493	Roman Kräussl, Thorsten Lehnert, Nicolas Martelin	Is There a Bubble in the Art Market?	Financial Stability and Banking Regulation	2014	Art market, Alternative investments, Speculative bubbles, Explosive behavior
492	Roman Kräussl, Elizaveta Mirgorodskaya	News Media Sentiment and Investor Behavior	Financial Stability and Banking Regulation	2014	Investor behavior, News media sentiment, Financial market crises, Pricing bubbles, Framing effects
491	Jill E. Fisch	The Broken Buck Stops Here: Embracing Sponsor Support in Money Market Fund Reform	Trading and Pricing in Financial Markets	2014	regulation of financial markets, banking regulation, securities law and regulation, money market funds, mutual funds, MMFs, SEC, securities, net asset value, financial crisis, shadow banking, systemic risk, financial crisis
490	Hans A. Holter, Dirk Krueger, Serhiy Stepanchuk	How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?	Monetary Policy and Financial Markets	2014	Progressive Taxation, Fiscal Policy, Laffer Curve, Government Debt
489	Sylwia Hubar, Christos Koulovatianos, Jian Li	Fitting Parsimonious Household-Portfolio Models to Data	Monetary Policy and Financial Markets	2014	Epstein-Zin-Weil recursive preferences, subsistence consumption, household-portfolio shares, business equity, wealth inequality
488	Dimitris Christelis, Dimitris Georgarakos, Anna Sanz-de-Galdeano	The Impact of Health Insurance on Stockholding: A Regression Discontinuity Approach	Household Finance	2014	Health Insurance, Medicare, Stockholding, Regression Discontinuity, Household Finance
487	Lutz Hendricks, Oksana Leukhina	The Return to College: Selection and Dropout Risk	Monetary Policy and Financial Markets	2014	Education, College premium, College dropout risk
486	Marco Pagano	Lessons from the European Financial Crisis	Financial Stability and Banking Regulation	2014	bank regulation, euro, financial crisis, sovereign exposures, forbearance, bank resolution, bank capital requirements
485	Marco Di Maggio, Marco Pagano	Financial Disclosure and Market Transparency with Costly Information Processing	Trading and Pricing in Financial Markets	2014	disclosure, transparency, financial literacy, limited attention, OTC markets
484	Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt	Do Demographics Prevent Consumer Aggregates from Reflecting Micro-Level Preferences?	Monetary Policy and Financial Markets	2014	Linear Aggregation, Dynamic Representative Consumer, Household-Size Economies, Equivalent Incomes, Survey Method
483	Wanda Mimra, Achim Wambach	A Note on Uniqueness in Game-Theoretic Foundations of the Reactive Equilibrium	Financial Stability and Banking Regulation	2014	asymmetric information, competitive insurance market, contract addition, reactive equilibrium
482	Sergei Kovbasyuk, Marco Pagano	Advertising Arbitrage	Trading and Pricing in Financial Markets	2014	limits to arbitrage, advertising, price discovery, limited attention
481	Marco Pagano	Dealing with Financial Crises: How Much Help from Research?	Financial Stability and Banking Regulation	2014	financial crisis, risk taking, systemic risk, financial regulation, monetary policy, politics
480	Joachim Grammig, Jantje Sönksen	Consumption-Based Asset Pricing with Rare Disaster Risk	Trading and Pricing in Financial Markets	2014	equity premium, rare disaster risk, asset pricing, simulated method of moments
479	Joachim Grammig, Eva-Maria Schaub	Give Me Strong Moments and Time: Combining GMM and SMM to Estimate Long-Run Risk Asset Pricing Models	Trading and Pricing in Financial Markets	2014	asset pricing, long-run risk, simulated method of moments
478	Anders Warne, Günter Coenen, Kai Christoffel	Marginalized Predictive Likelihood Comparisons of Linear Gaussian State-Space Models with Applications to DSGE, DSGE-VAR, and VAR Models	Monetary Policy and Financial Markets	2014	Bayesian inference, density forecasting, Kalman filter, missing data, Monte Carlo integration, predictive likelihood
477	Markus Bibinger, Nikolaus Hautsch, Peter Malec, Markus Reiss	Estimating the Spot Covariation of Asset Prices – Statistical Theory and Empirical Evidence	Trading and Pricing in Financial Markets	2014	local method of moments, spot covariance, smoothing, intraday (co-)variation risk
476	Christina Bannier, Markus Wiemann	Performance-Sensitive Debt – the Intertwined Effects of Performance Measurement and Pricing Grid Asymmetry	Financial Stability and Banking Regulation	2014	Performance pricing, performance-sensitive debt, accounting data, credit ratings, underinvestment, collateral
475	Christina Bannier, Eberhard Feess, Natalie Packham	Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents	Financial Stability and Banking Regulation	2014	Incentive compensation, screening, imperfect labor market competition, vertical differentiation, cross-subsidy
474	Steven Ongena, Ibolya Schindele, Dzsamila Vonnak	In Lands of Foreign Currency Credit, Bank Lending Channels Run Through?	Financial Stability and Banking Regulation	2014	Bank balance-sheet channel, monetary policy, foreign currency lending
473	Fabian Kindermann, Dirk Krueger	High Marginal Tax Rates on the Top 1%?	Monetary Policy and Financial Markets	2014	Progressive Taxation, Top 1%, Social Insurance, Income Inequality
472	Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson, John Van Reenen	The Costs and Benefits of Leaving the EU	Macro Finance	2014	Trade, European Union, welfare
471	Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli	Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession	Household Finance	2014	Wealth Shocks, Unemployment; Consumption, Great Recession
470	Gianmarco Ottaviano	European Integration and the Gains from Trade	Macro Finance	2014	Gains from trade, European integration, Quantitative trade models, Gravity equations, Structural estimation
469	Gianmarco Ottaviano, Filipe Lage de Sousa	Relaxing Credit Constraints in Emerging Economies: The Impact of Public Loans on the Performance of Brazilian Manufacturers	Macro Finance	2014	heterogeneous firms, productivity, public policy analysis, credit constraints
468	Gökhan Cebiroglu, Nikolaus Hautsch, Ulrich Horst	Order Exposure and Liquidity Coordination: Does Hidden Liquidity Harm Price Efficiency?	Trading and Pricing in Financial Markets	2014	liquidity externalities, order flow, trade signaling, limit order book
467	Frank Betz, Nikolaus Hautsch, Tuomas A. Peltonen, Melanie Schienle	Systemic Risk Spillovers in the European Banking and Sovereign Network	Trading and Pricing in Financial Markets	2014	systemic risk contribution, tail dependence, network topology, sovereignbank linkages, Value-at-Risk
466	Christiane Baumeister, Lutz Kilian	A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil	Monetary Policy and Financial Markets	2014
465	Christopher D. Carroll, Jonathan A. Parker, Nicholas S. Souleles	The Benefits of Panel Data in Consumer Expenditure Surveys	Household Finance	2014
464	Christopher D. Carroll	Representing Consumption and Saving Without A Representative Consumer	Household Finance	2014
463	Piergiorgio Alessandri, Sergio Masciantonio, Andrea Zaghini	Everything you always wanted to know about systemic importance (but were afraid to ask)	Monetary Policy and Financial Markets	2014
462	Marti G. Subrahmanyam, Dragon Yongjun Tang, Sarah Qian Wang	Credit Default Swaps and Corporate Cash Holdings	Trading and Pricing in Financial Markets	2014
461	Nils Friewald, Rainer Jankowitsch, Marti G. Subrahmanyam	To Disclose or not to Disclose: Transparency and Liquidity in the Structured Product Market	Trading and Pricing in Financial Markets	2014
460	Lutz Kilian, Robert J. Vigfusson	The Role of Oil Price Shocks in Causing U.S. Recessions	Monetary Policy and Financial Markets	2014
459	Simone M. Sepe, Charles K. Whitehead	Paying for Risk: Bankers, Compensation, and Competition	Law and Economics of Financial Organizations	2014
458	Andrej Gill, Matthias Heinz, Heiner Schumacher	Trust, Trustworthiness and Selection into the Financial Industry	Law and Economics of Financial Organizations	2014
457	Laura Moretti	Monetary Policy, Long Real Yields and the Financial Crisis	Monetary Policy and Financial Markets	2014
456	Orcun Kaya, Lulu Wang	The Role of Bank Lending Tightening on Corporate Bond Issuance in the Eurozone	Financial Stability and Banking Regulation	2014
455	Sebastien Betermier, Laurent Calvet, Paolo Sodini	Who are the Value and Growth Investors?	Household Finance	2014
454	Andrea Zaghini	Bank Bonds: Size, Systemic Relevance and the Sovereign	Monetary Policy and Financial Markets	2014
453	Elias Aptus, Volker Britz, Hans Gersbach	On the Economics of Crisis Contracts	Macro Finance	2014
452	John Y. Campbell, Joao Cocco	A Model of Mortgage Default	Household Finance	2014
451	Laura Moretti	The determinants of inflation differentials in the euro area	Monetary Policy and Financial Markets	2014
450	Nikolaus Hautsch, Ostap Okhrin, Alexander Ristig	Efficient Iterative Maximum Likelihood Estimation of High-Parameterized Time Series Models	Trading and Pricing in Financial Markets	2014
449	Engelbert J. Dockner, Manuel Mayer, Josef Zechner	Sovereign Bond Risk Premiums	Financial Stability and Banking Regulation	2013
448	Johann Reindl, Neal Stoughton, Josef Zechner	Market Implied Costs of Bankruptcy	Financial Stability and Banking Regulation	2013
447	Jaewon Choi, Dirk Hackbarth, Josef Zechner	Granularity of Corporate Debt	Financial Stability and Banking Regulation	2013
446	Giuseppe Bertola, Winfried Koeniger	Hidden Insurance in a Moral Hazard Economy	Household Finance	2013
445	Rong Hai, Dirk Krueger, Andrew Postlewaite	On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods	Monetary Policy and Financial Markets	2013
444	Jill E. Fisch, Tess Wilkinson-Ryan	Why Do Retail Investors Make Costly Mistakes? An Experiment on Mutual Fund Choice	Household Finance	2013
443	Christiane Baumeister, Pierre Guérin, Lutz Kilian	Do High-Frequency Financial Data Help Forecast Oil Prices? The MIDAS Touch at Work	Monetary Policy and Financial Markets	2013
442	Brigitte Haar	Investor protection through model case procedures – implementing collective goals and individual rights under the 2012 Amendment of the German Capital Markets Model Case Act (KapMuG)	Household Finance	2013
441	Nikolaus Hautsch, Julia Schaumburg, Melanie Schienle	Financial Network Systemic Risk Contributions	Trading and Pricing in Financial Markets	2013
440	Taras Bodnar, Nikolaus Hautsch	Copula-Based Dynamic Conditional Correlation Multiplicative Error Processes	Trading and Pricing in Financial Markets	2013
439	Arthur Korteweg, Roman Kräussl, Patrick Verwijmeren	Does it Pay to Invest in Art? A Selection-corrected Returns Perspective	Financial Stability and Banking Regulation	2013
438	Luiz Félix, Roman Kräussl, Philip Stork	The 2011 European Short Sale Ban on Financial Stocks: A Cure or a Curse?	Financial Stability and Banking Regulation	2013
437	Michael Aitken, Douglas Cumming, Feng Zhan	High Frequency Trading and End-of-Day Price Dislocation	Trading and Pricing in Financial Markets	2013
436	Michael Aitken, Douglas Cumming, Feng Zhan	Exchange Trading Rules, Surveillance and Insider Trading	Law and Economics of Financial Organizations	2013
435	Tullio Jappelli, Luigi Pistaferri	Fiscal Policy and MPC Heterogeneity	Household Finance	2013
434	Jeffrey V. Butler, Luigi Guiso, Tullio Jappelli	Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion	Household Finance	2013
433	Tullio Jappelli, Mario Padula	Investment in Financial Literacy, Social Security and Portfolio Choice	Household Finance	2013
432	Christiane Baumeister, Lutz Kilian	Forecasting the Real Price of Oil in a Changing World: A Forecast Combination Approach	Monetary Policy and Financial Markets	2013
431	Christiane Baumeister, Lutz Kilian	Do Oil Price Increases Cause Higher Food Prices?	Monetary Policy and Financial Markets	2013
430	Christiane Baumeister, Lutz Kilian, Xiaoqing Zhou	Are Product Spreads Useful for Forecasting? An Empirical Evaluation of the Verleger Hypothesis	Monetary Policy and Financial Markets	2013
429	Hugh H. Kim, Raimond Maurer, Olivia S. Mitchell	Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management	Household Finance	2013
428	Andreas Hubener, Raimond Maurer, Olivia S. Mitchell	How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios	Household Finance	2013
427	Günter Coenen, Anders Warne	Risks to Prize Stability, the Zero Lower Bound and Forward Guidance: A Real-Time Assessment	Monetary Policy and Financial Markets	2013
426	Stefan Mittnik	VaR-implied Tail-correlation Matrices	Trading and Pricing in Financial Markets	2013
425	Hans-Joachim Dübel	The Capital Structure of Banks and Practice of Bank Restructuring	Financial Stability and Banking Regulation	2013
424	Daniele Pianeselli, Andrea Zaghini	The Cost of Firms’ Debt Financing	Monetary Policy and Financial Markets	2013
423	Otmar Issing	A New Paradigm for Monetary Policy?	Monetary Policy and Financial Markets	2013
422	Andrej Gill, Steffen Juranek, Christian Lizarazo, Nikolai Visnjic, Uwe Walz	Anreize, systemische Risiken und Intransparenz. Lehren aus der Finanz- und Staatsschuldenkrise	Law and Economics of Financial Organizations	2013
421	Otmar Issing, Volker Wieland	Monetary Theory and Monetary Policy: Reflections on the development over the last 150 years	Monetary Policy and Financial Markets	2012
420	Laura Moretti, Toru Suzuki	Strategic Transparency and Electoral Pressure	Financial Stability and Banking Regulation	2012
419	Harold L. Cole, Soojin Kim, Dirk Krueger	Analyzing the Effects of Insuring Health Risks - On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs	Monetary Policy and Financial Markets	2012
418	Carmen Lee, Roman Kräussl, Leo Paas	The Effect of Anticipated and Experienced Regret and Pride on Investors’ Future Selling Decisions	Financial Stability and Banking Regulation	2012
417	Roman Kräussl, Stefan Krause	Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success over 1985–2009	Financial Stability and Banking Regulation	2012
416	Robert Wuebker, William Schulze, Roman Kräussl	Is Venture Capital a Local Business? A Test of the Proximity and Local Network Hypotheses	Financial Stability and Banking Regulation	2012
415	Fabian Bornhorst, Ashoka Mody	Test of the German Resilience	Financial Stability and Banking Regulation	2012
414	Adrian Alter, Andreas Beyer	The Dynamics of Spillover Effects during the European Sovereign Debt Turmoil	Monetary Policy and Financial Markets	2012
413	John F. Cogan, John B. Taylor, Volker Wieland, Maik Wolters	Fiscal Consolidation Strategy	Monetary Policy and Financial Markets	2012
412	Athanasios Orphanides, Volker Wieland	Complexity and Monetary Policy	Monetary Policy and Financial Markets	2012
411	Christopher D. Carroll, Jiri Slacalek, Martin Sommer	Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects	Household Finance	2012
410	Marja Liisa Halko, Markku Kaustia	Are Risk Preferences Dynamic? Within-subject Variation in Risk-taking as a Function of Background Music	Household Finance	2012
409	Annamaria Lusardi, Olivia S. Mitchell, Vilsa Curto	Financial Sophistication in the Older Population	Household Finance	2012
408	Holger Kraft, Mogens Steffensen	A Dynamic Programming Approach to Constrained Portfolios	Household Finance	2012
407	Otmar Issing	Central Banks - Paradise Lost (Mayekawa Lecture held on May 30, 2012)	Monetary Policy and Financial Markets	2012
406	Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini	Household Debt and Social Interactions	Household Finance	2012
405	Nikolaus Hautsch, Ruihong Huang	On the Dark Side of the Market: Identifying and Analyzing Hidden Order Placements	Trading and Pricing in Financial Markets	2012
404	Volker Wieland, Tobias Cwik, Sebastian Schmidt, Maik Wolters	A New Comparative Approach to Macroeconomic Modeling and Policy Analysis	Monetary Policy and Financial Markets	2012	Going-private Decisions, VC-backed IPOs, Corporate Governance
403	Andrej Gill, Uwe Walz	Going Public – Going Private. The Case of VC-backed Firms	Law and Economics of Financial Organizations	2012	Going-private Decisions, VC-backed IPOs, Corporate Governance
402	Laura Moretti	Inflation Targeting and Product Market Deregulation	Financial Stability and Banking Regulation	2012	Inflation Targeting, Product Market Deregulation, Difference ind Difference
401	Neil A. Doherty, Christian Laux, Alexander Muermann	Insuring Non-Verifiable Losses	Financial Stability and Banking Regulation	2011
400	Konstantinos Voutsinas, Richard A. Werner	New Evidence on the Effectiveness of ‘Quantitative Easing’ in Japan	Monetary Policy and Financial Markets	2011
399	Victor Lyonnet, Richard A. Werner	The Lessons from QE and Other ‘Unconventional’ Monetary Policies – Evidence from the Bank of England	Monetary Policy and Financial Markets	2011
398	Dimitris Christelis, Loretti I. Dubrescu, Alberto Motta	Early Life Conditions and Financial Risk–Taking in Older Age	Household Finance	2011
397	Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli	Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession	Household Finance	2011
396	Richard A. Werner	The Unintended Consequences of the Debt - - - Will Increased Government Expenditure Hurt the Economy?	Monetary Policy and Financial Markets	2011
395	Nikolaus Hautsch, Peter Malec, Melanie Schienle	Capturing the Zero: A New Class of Zero-Augmented Distributions and Multiplicative Error Processes	Trading and Pricing in Financial Markets	2011
394	Nikolaus Hautsch, Lada M. Kyj, Peter Malec	The Merit of High-Frequency Data in Portfolio Allocation	Trading and Pricing in Financial Markets	2011
393	Jingjing Chai, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla	Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply	Financial Stability and Banking Regulation	2011
392	Stefan Gerlach, Laura Moretti	Monetary Policy and TIPS Yields Before the Crisis	Monetary Policy and Financial Markets	2011
391	Maarten van Rooij, Annamaria Lusardi, Rob Alessie	Financial Literacy, Retirement Planning, and Household Wealth	Household Finance	2011
390	Marcel Bluhm	Investigating the Monetary Policy of Central Banks with Assessment Indicators	Financial Stability and Banking Regulation	2011
389	Marcel Bluhm, Jan Pieter Krahnen	Default Risk in an Interconnected Banking System with Endogeneous Asset Markets	Financial Stability and Banking Regulation	2011
388	Kristian Rydqvist, Joshua Spizman, Ilya Strebulaev	The Evolution of Aggregate Stock Ownership	Trading and Pricing in Financial Markets	2011
387	Azi Ben-Rephael, Jacob Oded, Avi Wohl	Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosure	Trading and Pricing in Financial Markets	2011
386	Christian Andres, André Betzer, Marc Goergen	Dividend Policy, Corporate Control and Tax Clienteles The Case of Germany	Trading and Pricing in Financial Markets	2011
385	Christopher D. Carroll	Theoretical Foundations of Buffer Stock Saving	Household Finance	2011
384	Laura Moretti	Transparency and Emerging Market Bond Spreads	Financial Stability and Banking Regulation	2011
383	Otmar Issing	Lessons for Monetary Policy: What Should the Consensus Be?	Financial Stability and Banking Regulation	2011
382	Charles Goodhart	The Emerging New Architecture of Financial Regulation	Financial Stability and Banking Regulation	2011
381	Xavier Freixas, Christian Laux	Disclosure, Transparency, and Market Discipline	Financial Stability and Banking Regulation	2011
380	Reint Gropp, Christian Hirsch, Jan Pieter Krahnen	Is Rated Debt Arm’s Length? Evidence from Mergers and Acquisitions	Financial Stability and Banking Regulation	2011
379	Hélena Beltran-Lopez, Joachim Grammig, Albert J. Menkveld	Limit Order Books and Trade Informativeness	Trading and Pricing in Financial Markets	2011
378	Joachim Grammig, Erik Theissen, Oliver Wünsche	Time and the Price of a Trade: A Structural Approach	Trading and Pricing in Financial Markets	2011
377	Tullio Jappelli, Mario Padula	Investment in Financial Literacy and Saving Decisions	Household Finance	2011
376	Carolina Achury, Sylwia Hubar, Christos Koulovatianos	Saving Rates and Portfolio Choice with Subsistence Consumption	Monetary Policy and Financial Markets	2011
375	Gerline Fellner, Erik Theissen	Short Sale Constraints, Divergence of Opinion and Asset Values: Evidence from the Laboratory	Trading and Pricing in Financial Markets	2011
374	André Betzer, Jasmin Gider, Daniel Metzger, Erik Theissen	Strategic Trading and Trade Reporting by Corporate Insiders	Trading and Pricing in Financial Markets	2011
373	Joachim Grammig, Eric Theissen	Is BEST Really Better? Internalization of Orders in an Open Limit Order Book	Trading and Pricing in Financial Markets	2011
372	Jördis Hengelbrock, Erik Theissen, Christan Westheide	Market Response to Investor Sentiment	Trading and Pricing in Financial Markets	2011
371	Mathias Hoffmann, Michael U. Krause, Thomas Laubach	Long-run Growth Expectations and "Global Imbalace"	Monetary Policy and Financial Markets	2011
370	Ester Faia	Credit Risk Transfers and the Macroeconomy	Credit Management & Credit Markets	2011
369	Ignazio Angeloni, Ester Faia, Roland Winkler	Exit Strategies	Credit Management & Credit Markets	2011
368	Roman Kräussl, André Lucas, Arjan Siegmann	Risk Aversion under Preference Uncertainty	Credit Management & Credit Markets	2011
367	Carmen Lee, Roman Kräussl, André Lucas, Leo Paas	Why Do Investors Sell Losers? How Adaptation to Losses Affects Future Capitulation Decisions	Credit Management & Credit Markets	2011
366	Steffen Juranek, Uwe Walz	Vertical Integration, Competition, and Financial Exchanges: Is there Grain in the Silo?	Entrepreneurial Finance	2011
365	Marcel Marekwica, Michael Stamos	Optimal Life Cycle Portfolio Choice with Housing Market Cycles	Household Wealth Management	2011
364	Mahmoud Botshekan, Roman Kraeussl, André Lucas	Cash Flow and Discount Rate Risk in Up and Down Markets: What Is Actually Priced?	Credit Management & Credit Markets	2011
363	Nikolaus Hautsch, Peter Malec, Melanie Schienle	Capturing the Zero: A New Class of Zero-Augmented Distributions and Multiplicative Error Processes	Economics of Exchanges	2011
362	Horst Entorf, Christian Knoll, Liliya Sattarova	Measuring Confidence and Uncertainty during the Financial Crisis: Evidence from the CFS Survey	Trading and Pricing in Financial Markets	2011
361	Nikolaus Hautsch, Mark Podolskij	Pre-Averaging Based Estimation of Quadratic Variation in the Presence of Noise and Jumps: Theory, Implementation, and Empirical Evidence	Economics of Exchanges	2011
360	Tullio Jappelli	Economic Literacy: An International Comparison	Household Wealth Management	2011
359	Bartholomäus Ende, Marco Lutat	Trade-throughs in European Cross-traded Equities After Transaction Costs	Economics of Exchanges	2011
358	Terrence Hendershott, Albert J. Menkveld	Price Pressures	Economics of Exchanges	2011
357	Sarah Draus	Does Inter-Market Competition Lead to Less Regulation?	Economics of Exchanges	2011
356	Kai-Oliver Maurer, Carsten Schäfer	Analysis of Binary Trading Patterns in Xetra	Economics of Exchanges	2011
355	Annamaria Lusardi, Olivia S. Mitchell	How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness	Household Wealth Management	2011
354	Annamaria Lusardi, Daniel Schneider, Peter Tufano	The Economic Crisis and Medical Care Usage	Household Wealth Management	2011
353	Annamaria Lusardi, Olivia S. Mitchell, Vilsa Curto	Financial Literacy among the Young: Evidence and Implications for Consumer Policy	Household Wealth Management	2011
352	Volker Wieland, Maik H. Wolters	The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy	Central Banking & Monetary Economics	2011
351	Antje Brunner, Jan Pieter Krahnen	Hold-Up in Multiple Banking: Evidence from SME Lending	Credit Management & Credit Markets	2011
350	Roman Kräussl, André Lucas, David R. Rijsbergen, Pieter Jelle van der Sluis, Evert B. Vrugt	Washington Meets Wall Street: A Closer Examination of the Presidential Cycle Puzzle	Credit Management & Credit Markets	2011
349	Sander J.J. Konijn, Roman Kräussl, André Lucas	Blockholder Dispersion and Firm Value	Credit Management & Credit Markets	2011
348	Narasimhan Jegadeesh, Roman Kräussl, Joshua Pollet	Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices	Credit Management & Credit Markets	2011
347	Roman Kräussl, Christian Wiehenkamp	A Call on Art Investments	Credit Management & Credit Markets	2011
346	Roman Kräussl, Stefan Krause	Are particular industries more likely to succeed? A comparative analysis of VC investment in the U.S. and Europe	Credit Management & Credit Markets	2011
345	Nikolaus Hautsch, Dieter Hess, David Veredas	The Impact of Macroeconomic News on Quote Adjustments, Noise, and Informational Volatility	Economics of Exchanges	2011
344	Günter Beck, Kirstin Hubrich, Massimiliano Marcellino	On the Importance of Sectoral Shocks for Price-setting	Central Banking & Monetary Economics	2009
343	Axel Groß-Klußmann, Nikolaus Hautsch	Quantifying High-Frequency Market Reactions to Real-Time News Sentiment Announcements	Economics of Exchanges	2009
342	Volker Wieland	Quantitative Easing: A Rationale and Some Evidence from Japan	Central Banking & Monetary Economics	2009
341	Dimitris Georgarakos, Giacomo Pasini	Trust, Sociability and Stock Market Participation	Household Wealth Management	2009
340	Dimitris Christelis, Dimitris Georgarakos	Investing at Home and Abroad: Different Costs, Different People?	Household Wealth Management	2009
339	Erik Theissen	Price Discovery in Spot and Futures Markets: A Reconsideration	Economics of Exchanges	2009
338	Volker Wieland	Fiscal Stimulus and the Promise of Future Spending Cuts: A Comment	Central Banking & Monetary Economics	2009
337	Tobias Cwik, Volker Wieland	Keynesian Government Spending Multipliers and Spillovers in the Euro Area	Central Banking & Monetary Economics	2009
336	Otmar Issing	Politischer Wille oder ökonomisches Gesetz? - Einige Anmerkungen zu einem großen Thema -	Central Banking & Monetary Economics	2009
335	Nikolaus Hautsch, Ruihong Huang	The Market Impact of a Limit Order	Economics of Exchanges	2009
334	Christian Laux, Christian Leuz	Did Fair-Value Accounting Contribute to the Financial Crisis?	Insurance & Risk Transfer	2009
333	John B. Taylor, Volker Wieland	Surprising Comparative Properties of Monetary Models: Results from a New Data Base	Central Banking & Monetary Economics	2009
332	Nikolaus Hautsch, Lada M. Kyj, Roel C.A. Oomen	A Blocking and Regularization Approach to High Dimensional Realized Covariance Estimation	Economics of Exchanges	2009
331	Günter Beck, Volker Wieland	Money in Monetary Policy Design: Monetary Cross-Checking in the New-Keynesian Model	Central Banking & Monetary Economics	2009
330	Wolfgang Karl Härdle, Nikolaus Hautsch, Andrija Mihoci	Modelling and Forecasting Liquidity Supply Using Semiparametric Factor Dynanmics	Economics of Exchanges	2009
329	John F. Cogan, Tobias Cwik, John B. Taylor, Volker Wieland	New Keynesian versus Old Keynesian Government Spending Multipliers	Central Banking & Monetary Economics	2009
328	Christopher D. Carroll	Precautionary Saving and the Marginal Propensity to Consume Out of Permanent Income	Household Wealth Management	2009
327	Christopher D. Carroll, Olivier Jeanne	A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds	Household Wealth Management	2009
326	Christopher D. Carroll, Patrick Toche	A Tractable Model of Buffer Stock Saving	Household Wealth Management	2009
325	Jan Pieter Krahnen, Günter Franke	Instabile Finanzmärkte	Credit Management & Credit Markets	2009
324	Christopher D. Carroll, Jiri Slacalek	The American Consumer: Reforming, Or Just Resting?	Household Wealth Management	2009
323	Jan Pieter Krahnen, Christian Wilde	CDOs and Systematic Risk: Why Bond Ratings are Inadequate	Credit Management & Credit Markets	2009
322	Peter Gomber, Markus Gsell	Electronic Markets, Algorithmic Trading, Order Submission, Securities Trading	Economics of Exchanges	2009
321	Christian Laux, Christian Leuz	The Crisis of Fair Value Accounting: Making Sense of the Recent Debate	Insurance & Risk Transfer	2009
320	Annamaria Lusardi, Peter Tufano	Debt Literacy, Financial Experiences, and Overindebtedness	Household Wealth Management	2009
319	Carsten Bienz, Julia Hirsch, Uwe Walz	Governance und Vertragsstrukturen in der deutschen VC Industrie: Eine empirische Einschätzung	Entrepreneurial Finance	2009
318	Patrick Herbst, Uwe Walz	The Design of Vertical R&D Collaborations	Entrepreneurial Finance	2009
317	Carsten Bienz, Uwe Walz	Venture Capital Exit Rights	Entrepreneurial Finance	2009
316	Andreas Hackethal, Michael Haliassos, Tullio Jappelli	Financial Advisors: A Case of Babysitters?	Household Wealth Management	2009
315	Nikolaus Hautsch, Yangguoyi Ou	Analyzing Interest Rate Risk: Stochastic Volatility in the Term Structure of Government Bond Yields	Economics of Exchanges	2009
314	Dimitris Christelis, Dimitris Georgarakos, Michael Haliassos	Stockholding: From Participation to Location and to Participation Spillovers	Household Wealth Management	2009
313	Andreas Beyer, Vítor Gaspar, Christina Gerberding, Otmar Issing	Opting out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods	Central Banking & Monetary Economics	2009
312	Dimitris Christelis, Dimitris Georgarakos	Household Economic Decisions under the Shadow of Terrorism	Household Wealth Management	2008
311	Giuseppe Bertola, Anna Lo Prete	Openness, Financial Markets, and Policies: Cross-Country and Dynamic Patterns	Household Wealth Management	2008
310	Christian Laux	Corporate Insurance Design with Multiple Risks and Moral Hazard	Insurance & Risk Transfer	2008
309	Gunther Wuyts	The Impact of Liquidity Shocks Through the Limit Order Book	Economics of Exchanges	2008
308	Azi Ben-Rephael, Ohad Kadan, Avi Wohl	The Diminishing Liquidity Premium	Economics of Exchanges	2008
307	Otmar Issing	The Euro – A Currency without a State		2008
306	Joachim Grammig, Franziska J. Peter	International Price Discovery in the Presence of Microstructure Noise	Economics of Exchanges	2008
305	Markus Gsell	Assessing the Impact of Algorithmic Trading on Markets: A Simulation Approach	Economics of Exchanges	2008
304	Stefan Frey, Patrik Sandas	The Impact of Hidden Liquidity in Limit Order Books	Economics of Exchanges	2008
303	Albert J. Menkveld, Asani Sarkar, Michel van der Wel	Customer Flow, Intermediaries, and the Discovery of the Equilibrium Riskfree Rate	Economics of Exchanges	2008
302	Mark Van Achter	Dynamic Limit Order Market with Diversity in Trading Horizons	Household Wealth Management	2008
301	Michael S. Pagano, Lin Peng, Robert A. Schwartz	The Quality of Price Formation at Market Openings and Closings: Evidence from the Nasdaq Stock Market	Economics of Exchanges	2008
300	David Reiffen, Michel Robe	Demutualization and Enforcement Incentives at Self-regulatory Financial Exchanges	Economics of Exchanges	2008
299	Craig Pirrong	The Industrial Organization of Execution, Clearing and Settlement in Financial Markets	Economics of Exchanges	2008
298	Thorsten V. Koeppl, Cyril Monnet	Central Counterparties	Economics of Exchanges	2008
297	Terrence Hendershott, Charles M. Jones, Albert J. Menkveld	Does Algorithmic Trading Improve Liquidity?	Economics of Exchanges	2008
296	Jonathan Field, Jeremy Large	Pro-Rata Matching and One-Tick Futures Markets	Economics of Exchanges	2008
295	Giovanni Cespa, Thierry Foucault	Insiders-Outsiders, Transparency and the Value of the Ticker	Economics of Exchanges	2008
294	Rachel J. Huang, Alexander Muermann, Larry Y. Tzeng	Hidden Regret in Insurance Markets: Adverse and Advantageous Selection	Insurance & Risk Transfer	2008
293	Alexander Muermann, Stephen H. Shore	Monopoly Power Limits Hedging	Insurance & Risk Transfer	2008
292	Roman Inderst	Retail Finance: Bringing in the Supply Side	Credit Management & Credit Markets	2008
291	Dimitris Christelis, Tullio Jappelli, Mario Padula	Cognitive Abilities and Portfolio Choice	Household Wealth Management	2008
290	Martin Brown, Tullio Jappelli, Marco Pagano	Information Sharing and Credit: Firm-Level Evidence from Transition Countries	Household Wealth Management	2008
289	Tullio Jappelli, Marco Pagano	Financial Market Integration Under EMU	Household Wealth Management	2008
288	Francis X. Diebold, Georg H. Strasser	On the Correlation Structure of Microstructure Noise in Theory and Practice	Risk Management	2008
287	Günter Franke, Jan Pieter Krahnen	The Future of Securitization - REVISED VERSION	Credit Management & Credit Markets	2008
286	Katrin Assenmacher-Wesche, Stefan Gerlach	Financial Structure and the Impact of Monetary Policy on Asset Prices	Central Banking & Monetary Economics	2008
285	Tobias J. Cwik, Gernot J. Müller, Maik H. Wolters	Does Trade Integration Alter Monetary Policy Transmission?	Central Banking & Monetary Economics	2008
284	Nikolaus Hautsch, Dieter Hess, Christoph Müller	Price Adjustment to News with Uncertain Precision	Economics of Exchanges	2008
283	Francis X. Diebold, Canlin Li, Vivian Z. Yue	Global Yield Curve Dynamics and Interactions: A Dynamic Nelson-Siegel Approach	Risk Management	2008
282	Francis X. Diebold, Kamil Yilmaz	Measuring Financial Asset Return and Volatilty Spillovers, with Application to Global Equity Markets	Risk Management	2008
281	Günter Beck, Volker Wieland	Central Bank Misperceptions and the Role of Money in Interest Rate Rules	Central Banking & Monetary Economics	2008
280	Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt	Confronting the Robinson Crusoe paradigm with household-size heterogeneity	Central Banking & Monetary Economics	2008
279	Jin Cao, Gerhard Illing	Endogenous Systemic Liquidity Risk	Central Banking & Monetary Economics	2008
278	Zeno Enders, Gernot J. Müller, Almut Scholl	How do Fiscal and Technology Shocks affect Real Exchange Rates? New Evidence from the United States	Central Banking & Monetary Economics	2008
277	Miriam Sperl	Quantifying the Efficiency of the Xetra LOB Market	Economics of Exchanges	2008
276	Maria Concetta Chiuri, Tullio Jappelli	Do the elderly reduce housing equity? An international comparison	Household Wealth Management	2008
275	Annamaria Lusardi	Financial Literacy: An Essential Tool for Informed Consumer Choice?	Household Wealth Management	2008
274	Annamaria Lusardi	Increasing the Effectiveness of Financial Education in the Workplace	Household Wealth Management	2008
273	Volker Wieland	Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model	Central Banking & Monetary Economics	2008
272	Athanasios Orphanides, Volker Wieland	Economic Projections and Rules-of-Thumb for Monetary Policy	Central Banking & Monetary Economics	2008
271	Jan Pieter Krahnen, Christian Wilde	Risk Transfer with CDOs	Credit Management & Credit Markets	2008
270	Stefan Mittnik, Tina Yener	Value-at-Risk and Expected Shortfall for Rare Events	Risk Management	2008
269	Serena Lamartina, Andrea Zaghini	Increasing Public Expenditures: Wagner’s Law in OECD Countries	Central Banking & Monetary Economics	2008
268	Jürgen Gaul, Erik Theissen	A Partially Linear Approach to Modelling the Dynamics of Spot and Futures Prices	Economics of Exchanges	2008
267	Niels van Elsland, Roman Kräussl	Constructing the True Art Market Index - A Novel 2-Step Hedonic Approach and its Application to the German Art Market	Credit Management & Credit Markets	2008
266	Roman Kräussl, Alan Muller	Do Markets Love Misery? Stock Prices and Corporate Philanthropic Disaster Response	Credit Management & Credit Markets	2008
265	Christopher D. Carroll, Jirka Slacalek, Martin Sommer	International Evidence On Sticky Consumption Growth	Household Wealth Management	2008
264	Markus Haas, Stefan Mittnik	Multivariate Regime–Switching GARCH with an Application to International Stock Markets	Risk Management	2008
263	Markus Haas, Stefan Mittnik, Mark S. Paolella	Asymmetric Multivariate Normal Mixture GARCH	Risk Management	2008
262	Charles Grant, Christos Koulovatianos, Alex Michaelides, Mario Padula	Evidence on the Insurance Effect of Marginal Income Taxes	Central Banking & Monetary Economics	2008
261	Dimitris Christelis, Dimitris Georgarakos, Michael Haliassos	Economic Integration and Mature Portfolios	Household Wealth Management	2008
260	Elena Carletti, Philipp Hartmann, Steven Onega	The Economic Impact of Merger Control Legislation	Credit Management & Credit Markets	2008
259	Annamaria Lusardi, Olivia S. Mitchell	Planning and Financial Literacy: How Do Women Fare?	Household Wealth Management	2008
258	Christian Hirsch, Christina Bannier	The Economics of Rating Watchlists: Evidence from Rating Changes	Credit Management & Credit Markets	2008
257	Sumit Agarwal, Chunlin Liu, Nicholas Souleles	The Reaction of Consumer Spending and Debt to Tax Rebates – Evidence from Consumer Credit Data	Household Wealth Management	2008
256	Todd Sinai, Nicholas Souleles	Net Worth and Housing Equity in Retirement	Household Wealth Management	2007
255	Annamaria Lusardi, Olivia S. Mitchell	Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel	Household Wealth Management	2007
254	Giuseppe Bertola, Stefan Hochguertel	Household Debt and Credit: Economic Issues and Data Problems	Household Wealth Management	2007
253	Giuseppe Bertola	Finance and Welfare States in Globalizing Markets	Household Wealth Management	2007
252	Tullio Jappelli, Mario Padula	Households' Saving and Debt in Italy	Household Wealth Management	2007
251	Tullio Jappelli, Mario Padula, Luigi Pistaferri	A Direct Test of the Buffer-Stock Model of Saving	Household Wealth Management	2007
250	Annamaria Lusardi	Household Saving Behavior: The Role of Literacy, Information and Financial Education Programs	Household Wealth Management	2007
249	Maarten van Rooij, Annamaria Lusardi, Rob J. M. Alessie	Financial Literacy and Stock Market Participation	Household Wealth Management	2007
248	Franklin Allen, Elena Carletti, Robert Marquez	Stakeholder Capitalism, Corporate Governance and Firm Value	Credit Management & Credit Markets	2007	Firm Objective, Bankruptcy, Competition, Stakeholder Governance
247	Nikolaus Hautsch	Capturing Common Components in High-Frequency Financial Time Series: A Multivariate Stochastic Multiplicative Error Model	Economics of Exchanges	2007
246	Christian Offermanns, Marcus Pramor	The CFS International Capital Flow Database: A User’s Guide	International Economics	2007
245	Michael Binder, Christian Offermanns	International Investment Positions and Exchange Rate Dynamics: A Dynamic Panel Analysis	International Economics	2007
244	Howard Kunreuther, Alexander Muermann	Self-Protection and Insurance with Interdependencies	Insurance & Risk Transfer	2007
243	Wolfram J. Horneff, Raimond Maurer, Olivia S. Mitchell, Michael Z. Stamos	Money in Motion: Dynamic Portfolio Choice in Retirement	Household Wealth Management	2007
242	Bea Canto, Roman Kräussl	Electronic Trading Systems and Intraday Non-Linear Dynamics: An Examination of the FTSE 100 Cash and Futures Returns	Economics of Exchanges	2007
241	Maria Kasch-Haroutounian, Erik Theissen	Competition between Exchanges: Euronext versus Xetra	Economics of Exchanges	2007
240	Günter Beck, Volker Wieland	Money in Monetary Policy Design under Uncertainty: A Formal Characterization of ECB-Style Cross-Checking	Central Banking & Monetary Economics	2007
239	Günter Beck, Volker Wieland	Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips Curve versus ECB-Style Cross-Checking	Central Banking & Monetary Economics	2007	Monetary Policy, Quantity Theory, Phillips Curve, European Central Bank, Policy Under Uncertainty
238	Silvio Colarossi, Andrea Zaghini	Gradualism, Transparency and Improved Operational Framework: A Look at the Overnight Volatility Transmission	Central Banking & Monetary Economics	2007
237	Annamaria Lusardi, Olivia S. Mitchell	Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education Programs	Household Wealth Management	2007
236	Jean Boivin, Marc P. Giannoni, Ilian Mihov	Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data	Central Banking & Monetary Economics	2007
235	Virgiliu Midrigan	Menue Costs, Mulit-Product Firms, and Aggregate Fluctautions	Central Banking & Monetary Economics	2007
234	Michael Woodford	Robustly Optimal Monetary Polica with Near-Rational Expectations	Central Banking & Monetary Economics	2007
233	Lars E.O. Svensson, Noah Williams	Bayesian and Adaptive Optimal Policy under Model Uncertainty	Central Banking & Monetary Economics	2007
232	Alessandro Calza, Tommaso Monacelli, Livio Stracca	Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?	Central Banking & Monetary Economics	2007
231	Mark Gertler, Antonella Trigari	Unemployment Fluctuations with Staggered Nash Bargaining	Central Banking & Monetary Economics	2007
230	Olivier Blanchard, Jordi Galí	A New Keynesian Model with Unemployment	Central Banking & Monetary Economics	2007
229	Kai Christoffel, Keith Kuester, Tobias Linzert	Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model	Central Banking & Monetary Economics	2007
228	Gauti B. Eggertsson, Benjamin Pugsley	The Mistake of 1937: A General Equilibrium Analysis	Central Banking & Monetary Economics	2007
227	Michael Bordo, Christopher Erceg, Andrew Levin, Ryan Michaels	Three Great American Disinflations	Central Banking & Monetary Economics	2007
226	Michael Sonnenholzner, Achim Wambach	On the Role of Patience in an Insurance Market with Asymmetric Information	Insurance & Risk Transfer	2007
225	Michael Binder, Volker Wieland	The European Central Bank	International Economics, Central Banking & Monetary Economics	2007
224	Francis X. Diebold, Kamil Yilmaz	Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets	Risk Management	2007
223	Günter Beck, Kirsten Hubrich, Massimiliano Marcellino	Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the US	Central Banking & Monetary Economics	2007
222	Christopher D. Carroll, Misuzu Otsuka, Jirka Slacalek	How Large Is the Housing Wealth Effect? A New Approach	Household Wealth Management	2006
221	Giuseppe Bertola, Winfried Koeniger	Consumption Smoothing and Income Redistribution	Household Wealth Management	2006
220	Siem Jan Koopman, Roman Kräussl, André Lucas, André Monteiro	Credit Cycles and Macro Fundamentals	Credit Management & Credit Markets	2006
219	Rachel A. Campbell, Roman Kräussl	Does Patience Pay? Empirical Testing of the Option to Delay Accepting a Tender Offer in the U.S. Banking Sector	Credit Management & Credit Markets	2006
218	Rachel A. Campbell, Roman Kräussl	Revisiting the Home Bias Puzzle. Downside Equity Risk	Credit Management & Credit Markets	2006
217	Joao Miguel Sousa, Andrea Zaghini	Global Monetary Policy Shocks in the G5: A SVAR Approach	Central Banking & Monetary Economics	2006
216	Julia Hirsch	Public Policy and Venture Capital Financed Innovation: A Contract Design Approach	Entrepreneurial Finance	2006
215	Christian Gollier, Alexander Muermann	Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment	Insurance & Risk Transfer	2006
214	Christian Laux, Uwe Walz	Tying Lending and Underwriting: Scope Economies, Incentives, and Reputation	Entrepreneurial Finance, Insurance & Risk Transfer	2006
213	Christian Laux, Alexander Muermann	Mutual versus Stock Insurers: Fair Premium, Capital, and Solvency	Insurance & Risk Transfer	2006
212	Bea Canto, Roman Kräussl	Stock Market Interactions and the Impact of Macroeconomic News – Evidence from High Frequency Data of European Futures Markets	Credit Management & Credit Markets	2006
211	Toker Doganoglu, Christoph Hartz, Stefan Mittnik	Portfolio Optimization when Risk Factors are Conditionally Varying and Heavy Tailed	Risk Management	2006
210	Christoph Hartz, Stefan Mittnik, Marc S. Paolella	Accurate Value-at-Risk Forecast with the (good) old Normal-GARCH Model	Risk Management	2006
209	Dirk Krueger, Hanno Lustig, Fabrizio Perri	Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data	Central Banking & Monetary Economics	2006
208	Juan Carlos Conesa, Sagiri Kitao, Dirk Krueger	Taxing Capital? Not a Bad Idea After All!	Central Banking & Monetary Economics	2006
207	Annamaria Lusardi, Olivia S. Mitchell	Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth	Household Wealth Management	2006
206	Carol Bertaut, Michael Haliassos	Credit Cards: Facts and Theories	Household Wealth Management	2006
205	Dirk Krueger, Alexander Ludwig	On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare	Central Banking & Monetary Economics	2006
204	Franklin Allen, Elena Carletti	Mark-to-Market Accounting and Liquidity Pricing	Credit Management & Credit Markets	2006
203	Erik Hurst, Arthur Kennickell, Annamaria Lusardi, Francisco Torralba	Precautionary Savings and the Importance of Business Owners	Household Wealth Management	2006
202	Arthur Kennickell, Annamaria Lusardi	Disentangling the Importance of the Precautionary Saving Motive	Household Wealth Management	2006
201	Yanis Bilias, Dimitris Georgarakos, Michael Haliassos	Portfolio Inertia and Stock Market Fluctuations	Household Wealth Management	2006
200	Lars Jonung, Ludger Schuknecht, Mika Tujula	The Boom-Bust Cycle in Finland and Sweden 1984-1995 in an International Perspective	Central Banking & Monetary Economics	2006
199	Julia Hirsch, Uwe Walz	Why Do Contracts Differ between VC Types? Market Segmentation versus Corporate Governance Varieties	Entrepreneurial Finance	2006
198	Carsten Bienz, Julia Hirsch	The Dynamics of Venture Capital Contracts	Entrepreneurial Finance	2006
197	Renata Bottazzi, Tullio Jappelli, Mario Padula	Retirement Expectations, Pension Reforms, and Their Impact on Private Wealth Accumulation	Household Wealth Management	2006
196	Markus Haas, Stefan Mittnik, Marc S. Paolella	Multivariate Normal Mixture GARCH	Risk Management	2006
195	Elena Carletti, Philipp Hartmann, Giancarlo Spagnolo	Bank Mergers, Competition and Liquidity	Credit Management & Credit Markets	2006
194	Alexander Muermann, Stephen H. Shore	Strategic Trading and Manipulation with Spot Market Power	Insurance & Risk Transfer	2006
193	Jan Pieter Krahnen, Frank A. Schmid, Erik Theissen	Investment Performance and Market Share: A Study of the German Mutual Fund Industry	Credit Management & Credit Markets	2006
192	Jan Pieter Krahnen	Die Stabilität von Finanzmärkten - Wie kann die Wirtschaftspolitik Vertrauen schaffen?	Credit Management & Credit Markets	2006
191	Jan Pieter Krahnen, Christian Wilde	Risk Transfer with CDOs and Systemic Risk in Banking	Credit Management & Credit Markets	2006
190	Panos Parpas, Berc Rustem, Volker Wieland, Stan Zakovic	Mean Variance Optimization of Non-Linear Systems and Worst-case Analysis	Central Banking & Monetary Economics	2006
189	Christopher D. Carroll, Miles S. Kimball	Precautionary Saving and Precautionary Wealth	Household Wealth Management	2006
188	M. Hashem Pesaran	Market Efficiency Today	International Economics	2006
187	Fulvio Corsi, Uta Kretschmer, Stefan Mittnik, Christian Pigorsch	The Volatility of Realized Volatility	Risk Management	2005
186	Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. Souleles	Do Consumers Choose the Right Credit Contracts?	Household Wealth Management	2005
185	Günter Beck, Axel A. Weber	Inflation Rate Dispersion and Convergence in Monetary and Economic Unions: Lessons for the ECB	Central Banking & Monetary Economics	2005
184	Axel A. Weber, Günter Beck	Price Stability, Inflation Convergence and Diversity in EMU: Does One Size Fit All?	Central Banking & Monetary Economics	2005
183	Luigi Guiso, Tullio Jappelli	Awareness and Stock Market Participation	Household Wealth Management	2005
182	Tullio Jappelli, Luigi Pistaferri	Intertemporal Choice and Consumption Mobility	Household Wealth Management	2005
181	Luigi Guiso, Paola Sapienza, Luigi Zingales	Trusting the Stock Market	Household Wealth Management	2005
180	Michael Haliassos, Michael Reiter	Credit Card Debt Puzzles	Household Wealth Management	2005
179	Franklin Allen, Elena Carletti	Credit Risk Transfer and Contagion	Credit Management & Credit Markets	2005
178	Neil A. Doherty, Alexander Muermann	Insuring the Uninsurable: Brokers and Incomplete Insurance Contracts	Insurance & Risk Transfer	2005
177	Franklin Allen, Elena Carletti, Robert Marquez	Credit Market Competition and Capital Regulation	Credit Management & Credit Markets	2005
176	Sean D. Campbell, Francis X. Diebold	Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence	Risk Management	2005
175	Silke Brandts, Christian Laux	ART Versus Reinsurance: The Disciplining Effect of Information Insensitivity	Insurance & Risk Transfer	2005
174	Yannis Bilias, Dimitris Georgarakos, Michael Haliassos	Equity Culture and the Distribution of Wealth	Household Wealth Management	2005
173	Yunus Aksoy, Athanasios Orphanides, David Small, Volker Wieland, David Wilcox	A Quantitative Exploration of the Opportunistic Approach to Disinflation	Central Banking & Monetary Economics	2005
172	Christopher D. Carroll	The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems	Household Wealth Management	2005
171	Roberto M. Billi	The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates	Central Banking & Monetary Economics	2005
170	Klaus Adam, Roberto M. Billi	Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates	Central Banking & Monetary Economics	2005
169	Dirk Krueger, Fabrizio Perri	Does Income Inequality Lead to Consumption Inequality? Evidence and Theory	Central Banking & Monetary Economics	2005
168	Berc Rustem, Volker Wieland, Stan Zakovic	Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design	Central Banking & Monetary Economics	2005
167	Keith Kuester, Volker Wieland	Insurance Policies for Monetary Policy in the Euro Area	Central Banking & Monetary Economics	2005
166	Dirk Krueger, Felix Kubler	Pareto Improving Social Security Reform when Financial Markets are Incomplete!?	Central Banking & Monetary Economics	2005
165	Markus Haas, Stefan Mittnik, Marc S. Paolella	Modeling and Predicting Market Risk With Laplace-Gaussian Mixture Distributions	Risk Management	2005
164	Juan Carlos Conesa, Dirk Krueger	On the Optimal Progressivity of the Income Tax Code	Central Banking & Monetary Economics	2005
163	Markus Haas, Stefan Mittnik, Bruce Mizrach	Assessing Central Bank Credibility During the ERM Crises: Comparing Option and Spot Market-Based Forecasts	Risk Management	2005
162	Torben G. Andersen, Tim Bollerslev, Peter F. Christoffersen, Francis X. Diebold	Volatility Forecasting	Risk Management	2005
161	Dirk Krueger, Harald Uhlig	Competitive Risk Sharing Contracts with One-Sided Commitment	Central Banking & Monetary Economics	2005
160	Günter Franke, Jan Pieter Krahnen	Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations	Credit Management & Credit Markets	2005
159	Jan Pieter Krahnen	Der Handel von Kreditrisiken: Eine neue Dimension des Kapitalmarktes	Credit Management & Credit Markets	2005
158	Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Ginger Wu	A Framework for Exploring the Macroeconomic Determinants of Systematic Risk	Risk Management	2005
157	Francis X. Diebold, Monika Piazzesi, Glenn D. Rudebusch	Modeling Bond Yields in Finance and Macroeconomics	Risk Management	2005
156	Torben G. Andersen, Tim Bollerslev, Peter F. Christoffersen, Francis X. Diebold	Practical Volatility and Correlation Modeling for Financial Market Risk Management	Risk Management	2005
155	David E. Lindsey, Athanasios Orphanides, Robert H. Rasche	The Reform of October 1979: How It Happened and Why	Central Banking & Monetary Economics	2005
154	Eberhard Feess, Ulrich Hege	The Basel II Accord: Internal Ratings and Bank Differentiation	Financial Stability and Banking Regulation	2004
153	Athanasios Orphanides, John C. Williams	The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations	Central Banking & Monetary Economics	2004
152	Jordi Galí, J. David López-Salidoz, Javier Vallés	Understanding the Effects of Government Spending on Consumption	Central Banking & Monetary Economics	2004
151	Robert G. King, Alexander L. Wolman	Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria	CFS Finanzplatzindex	2004
150	Andreas Jobst	The Basle Securitisation Framework Explained: The Regulatory Treatment of Asset Securitisation	Financial Stability and Banking Regulation	2004
149	Lars Norden, Martin Weber	The comovement of credit default swap, bond and stock markets: an empirical analysis	Trading and Pricing in Financial Markets	2004
148	Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Clara Vega	Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets	Trading and Pricing in Financial Markets	2004
147	Elena Carletti, Vittoria Cerasi, Sonja Daltung	Multiple-bank lending: diversification and free-riding in monitoring	Law and Economics of Financial Organizations	2004
146	Douglas Cumming, Daniel Schmidt, Uwe Walz	Legality and Venture Governance Around the World	Law and Economics of Financial Organizations	2004
145	Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Jin Wu	Realized Beta: Persistence and Predictability	Trading and Pricing in Financial Markets	2004
144	Klaus Adam, George W. Evans, Seppo Honkapohja	Are Stationary Hyperinflation Paths Learnable?	Central Banking & Monetary Economics	2004
143	Günter Coenen, Volker Wieland	Exchange-Rate Policy and the Zero Bound on Nominal Interest	Central Banking & Monetary Economics	2004
142	Klaus Adam, Roberto M. Billi	Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates	Central Banking & Monetary Economics	2004
141	Daniel Schmidt	Private equity-, stock- and mixed asset-portfolios: A bootstrap approach to determine performance characteristics, diversification benefits and optimal portfolio allocations	Trading and Pricing in Financial Markets	2004
140	Francis X. Diebold	The Nobel Memorial Prize for Robert F. Engle	Trading and Pricing in Financial Markets	2004
139	Sean D. Campbell, Francis X. Diebold	Weather Forecasting for Weather Derivatives	Trading and Pricing in Financial Markets	2004
138	Francis X. Diebold, Canlin Li	Forecasting the Term Structure of Government Bond Yields	International Economics	2004
137	Peter F. Christoffersen, Francis X. Diebold	Financial Asset Returns, Direction-of-Change Forecasting, and Volatility Dynamics	Trading and Pricing in Financial Markets	2004
136	Michael W. Brandt, Francis X. Diebold	A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations	Trading and Pricing in Financial Markets	2004
135	Dorothea Schäfer, Axel Werwatz, Volker Zimmermann	The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs: Evidence from Germany	Law and Economics of Financial Organizations	2004
134	Uwe Walz, Douglas Cumming	Private Equity Returns And Disclosure Around The World	Law and Economics of Financial Organizations	2004
133	Ester Faia, Tommaso Monacelli	Ramsey Monetary Policy and International Relative Prices	Central Banking & Monetary Economics	2004
132	Marc Escrihuela-Villar	Innovation and Market Concentration with Asymmetric Firms	Law and Economics of Financial Organizations	2004
131	Tereza Tykvová, Uwe Walz	Are IPOs of Different VCs Different?	Trading and Pricing in Financial Markets	2004
130	Ivica Dus, Raimond Maurer, Olivia S. Mitchell	Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans	Household Finance	2004
129	Martin D. Dietz	Screening and Advising by a Venture Capitalist with a Time Constraint	Law and Economics of Financial Organizations	2003
128	Romain Bouis	IPOs Cycle and Investment in High-Tech Industries	Law and Economics of Financial Organizations	2003
127	Michael Ehrmann, Marcel Fratzscher	Equal size, equal role? Interest rate interdependence between the euro area and the United States	Central Banking & Monetary Economics	2003
126	Günter Beck	Nominal Exchange Rate Regimes and Relative Price Dispersion: On the Importance of Nominal Exchange Rate Volatility for the Width of the Border	International Economics	2003
125	Timothy Cogley, Sergei Morozov, Thomas J. Sargent	Bayesian Fan Charts for U.K. Inflation: Forecasting and Sources of Uncertainty in an Evolving Monetary System	Central Banking & Monetary Economics	2003
124	William A. Brock, Steven N. Durlauf, Kenneth D. West	Policy Evaluation in Uncertain Economic Environments	Central Banking & Monetary Economics	2003
123	Hehui Jin, Mordecai Kurz, Maurizio Motolese	The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy	Central Banking & Monetary Economics	2003
122	Sharon Kozicki, P.A. Tinsley	Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information	Central Banking & Monetary Economics	2003
121	Athanasios Orphanides, John C. Williams	Imperfect Knowledge, Inflation Expectations, and Monetary Policy	Central Banking & Monetary Economics	2003
120	Seppo Honkapohja, Kaushik Mitra	Performance of Inflation Targeting Based On Constant Interest Rate Projections	CFS Finanzplatzindex	2003
119	James Bullard, In-Koo Cho	Escapist Policy Rules	Central Banking & Monetary Economics	2003
118	George W. Evans, Bruce McGough	Monetary Policy, Indeterminacy and Learning	Central Banking & Monetary Economics	2003
117	Reinhard H. Schmidt	Corporate Governance in Germany: An Economic Perspective	Law and Economics of Financial Organizations	2003
116	Torben G. Andersen, Tim Bollerslev, Francis X. Diebold	Some Like it Smooth, and Some Like it Rough: Untangling Continuous and Jump Components in Measuring, Modeling, and Forecasting Asset Return Volatility	Trading and Pricing in Financial Markets	2003
115	Issam Hallak	Courts and Sovereign Eurobonds: Credibility of the Judicial Enforcement of Repayment	International Economics	2003
114	Issam Hallak	Bank Loans Non-Linear Structure of Pricing: Empirical Evidence from Sovereign Debts	International Economics	2003
113	Stefan Jaschke, Gerhard Stahl, Richard Stehle	Evaluating VaR Forecasts under Stress - The German Experience	Financial Stability and Banking Regulation	2003
112	Francis X. Diebold, Glenn D. Rudebusch, S. Boragan Aruoba	The Macroeconomy and the Yield Curve: A Nonstructural Analysis	Central Banking & Monetary Economics	2003
111	Markus Mentz, Steffen P. Sebastian	Inflation convergence after the introduction of the Euro	International Economics	2003
110	Christina Bannier	Privacy or Publicity - Who Drives the Wheel?	Trading and Pricing in Financial Markets	2003
109	Frank A. Schmid, Mark Wahrenburg	Mergers and Acquisitions in Germany-Social Setting and Regulatory Framework	Law and Economics of Financial Organizations	2003
108	Andreas Hackethal	German banks - a declining industry?	Law and Economics of Financial Organizations	2003
107	Stefanie A. Franzke, Stefanie Grohs, Christian Laux	Initial Public Offerings and Venture Capital in Germany	Law and Economics of Financial Organizations	2003
106	Tereza Tykvová	The Role of the Value Added by the Venture Capitalists in Timing and Extent of IPOs	Law and Economics of Financial Organizations	2003
105	Tereza Tykvová	Is the Behavior of German Venture Capitalists Different? Evidence from the Neuer Markt	Law and Economics of Financial Organizations	2003
104	Roman Kräussl	A Critique on the Proposed Use of External Sovereign Credit Ratings in Basel II	Trading and Pricing in Financial Markets	2003
103	Roman Kräussl	Do Changes in Sovereign Credit Ratings Contribute to Financial Contagion in Emerging Market Crises?	Trading and Pricing in Financial Markets	2003
102	Günther Gebhardt, Rolf Reichardt, Carsten Wittenbrink	Accounting for Financial Instruments in the Banking Industry: Conclusions from a Simulation Model	Law and Economics of Financial Organizations	2003
101	Ralf Elsas, Jan Pieter Krahnen	Universal Banks and Relationships with Firms	Law and Economics of Financial Organizations	2003
100	Karl-Hermann Fischer, Christian Pfeil	Regulation and Competition in German Banking: An Assessment	Financial Stability and Banking Regulation	2003
99	Roman Kräussl	Do Credit Rating Agencies Add to the Dynamics of Emerging Market Crises?	Trading and Pricing in Financial Markets	2003
98	Erik Theissen	Organized Equity Markets in Germany	Trading and Pricing in Financial Markets	2003
97	Christian Leuz, Jens Wüstemann	The Role of Accounting in the German Financial System	Law and Economics of Financial Organizations	2003
96	Daniel Schmidt, Mark Wahrenburg	Contractual Relations between European VC-Funds and Investors: The Impact of Reputation and Bargaining Power on Contractual Design	Law and Economics of Financial Organizations	2003
95	Raimond Maurer	Institutional investors in Germany: Insurance companies and investment funds	Law and Economics of Financial Organizations	2003
94	Günter Coenen, Athanasios Orphanides, Volker Wieland	Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero	Central Banking & Monetary Economics	2003
93	Klaus Adam	Optimal Monetary Policy with Imperfect Common Knowledge	Central Banking & Monetary Economics	2003
92	Stefan Reitz, Ralf Ahrens	Heterogeneous Expectations in the Foreign Exchange Market Evidence from the Daily Dollar/DM Exchange Rate	International Economics	2003
91	Stefan Reitz, Frank Westerhoff	Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists	International Economics	2003
90	Günter Coenen, Volker Wieland	The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan	Central Banking & Monetary Economics	2003
89	Günter Coenen, Volker Wieland	A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities	Central Banking & Monetary Economics	2003
88	Günter Coenen, Andrew Levin, Volker Wieland	Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy	Central Banking & Monetary Economics	2003
87	Andrew Levin, Volker Wieland, John C. Williams	The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty	Central Banking & Monetary Economics	2003
86	Volker Wieland	Monetary Policy and Uncertainty about the Natural Unemployment Rate	Central Banking & Monetary Economics	2003
85	Stefan Mittnik, Marc S. Paolella	Prediction of Financial Downside-Risk with Heavy-Tailed Conditional Distributions	Risk Management	2003
84	Klaus Adam	Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices	Central Banking & Monetary Economics	2003
83	Klaus Adam	On the Relation between Robust and Bayesian Decision Making	Risk Management	2003
82	Klaus Adam	Learning to Forecast and Cyclical Behavior of Output and Inflation	Central Banking & Monetary Economics	2003
81	Ralf Elsas, Jan Pieter Krahnen	Collateral, Relationship Lending and Financial Distress: An Empirical Study on Financial Contracting	Law and Economics of Financial Organizations	2002
80	Stefanie A. Franzke, Christian Schlag	Over-Allotment Options in IPOs on Germany's Neuer Markt - An Empirical Investigation -	Trading and Pricing in Financial Markets	2002
79	Athanasios Orphanides	Activist Stabilization Policy and Inflation: The Taylor Rule in the 1970s	Central Banking & Monetary Economics	2002
78	Andreas A. Jobst	The Pricing Puzzle: The Default Term Structure of Collateralised Loan Obligations	Trading and Pricing in Financial Markets	2002
77	Andreas A. Jobst	Collateralised Loan Obligations (CLOs) - A Primer	Law and Economics of Financial Organizations	2002
76	Yunus Aksoy, Hanno Lustig	On the Short and Long Term Real Effects of Nominal Exchange Rates	Trading and Pricing in Financial Markets	2002
75	Elke Hahn	Core Inflation in the Euro Area: An Application of the Generalized Dynamic Factor Model	Central Banking & Monetary Economics	2002
74	Stefan Mittnik, Markus Haas, Marc S. Paolella	Mixed Normal Conditional Heteroskedasticity	Trading and Pricing in Financial Markets	2002
73	Marco Hoeberichts	The Credibility of Central Bank Announcements	Central Banking & Monetary Economics	2002
72	Andreas Bascha, Uwe Walz	Financing Practices in the German Venture Capital Industry: An Empirical Assessment	Law and Economics of Financial Organizations	2002
71	Werner Neus, Uwe Walz	Exit Timing of Venture Capitalists in the Course of an Initial Public Offering	Law and Economics of Financial Organizations	2002
70	Erik Theissen	Internalisierung und Marktqualität: Was bringt Xetra Best?	Trading and Pricing in Financial Markets	2002
69	Bernd Kaltenhäuser	Return and Volatility Spillovers to Industry Returns: Does EMU Play a Role?	International Economics	2002
68	Holger Claessen, Stefan Mittnik	Forecasting Stock Market Volatility and the Informational Efficiency of the DAX-index Options Market	Trading and Pricing in Financial Markets	2002
67	Raimond Maurer, Christian Schlag	Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform	Law and Economics of Financial Organizations	2002
66	Issam Hallak	Why Borrowers Pay Premiums to Larger Lenders: Empirical Evidence from Sovereign Syndicated Loans	Law and Economics of Financial Organizations	2002
65	Stefan Feinendegen, Daniel Schmidt, Mark Wahrenburg	Die Vertragsbeziehung zwischen Investoren und Venture Capital-Fonds: Eine empirische Untersuchung des europäischen Venture Capital-Marktes	Law and Economics of Financial Organizations	2002
64	Axel A. Weber, Günter Beck	Economic Integration and the Exchange Rate Regime: How Damaging are Currency Crises?	International Economics	2001
63	Daniel Gross	Trade Flows and the International Business Cycle	International Economics	2001
62	Daniel Gross	Country-Specific and Global Shocks in the Business Cycle	International Economics	2001
61	Olaf Ehrhardt, Eric Nowak	Private Benefits and Minority Shareholder Expropriation - Empirical Evidence from IPOs of German Family-Owned Firms	Trading and Pricing in Financial Markets	2001
60	Elke Hahn	Core Inflation in the Euro Area: Evidence from the Structural VAR Approach	Central Banking & Monetary Economics	2001
59	Yunus Aksoy, Tomasz Piskorski	Domestic Money and US Output and Inflation	Central Banking & Monetary Economics	2001
58	Axel A. Weber, Günter Beck	How Wide Are European Borders? On the Integration Effects of Monetary Unions	International Economics	2001
57	Bernd Kaltenhäuser	Explaining the Dollar-Euro Rate: Do Stock Market Returns Matter?	Trading and Pricing in Financial Markets	2001
56	Ralf Ewert, Andrea Szczesny	Countdown for the New Basle Capital Accord. Are German Banks ready for the Internal Ratings-Based Approach?	Financial Stability and Banking Regulation	2001
55	Antje Brunner, Jan Pieter Krahnen	Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring	Law and Economics of Financial Organizations	2001
54	Markus Kern, Bernd Rudolph	Comparative Analysis of Alternative Credit Risk Models - an Application on German Middle Market Loan Portfolios	Credit Management & Credit Markets	2001
53	Roland Beck	Do Country Fundamentals Explain Emerging Market Bond Spreads?	International Economics	2001
52	Stefanie Franzke	Underpricing of Venture-Backed and Non Venture-Backed IPOs: Germany's Neuer Markt	Law and Economics of Financial Organizations	2001
51	Roland Eisen	(Partial) Privatization Social Security: The Chilean Model - A Lesson to Follow?	International Economics	2000
50	Christian Schlag, Anja Wodrich	Has There Always Been Underpricing and Long-Run Underperformance? - IPOs in Germany Before World War I	Trading and Pricing in Financial Markets	2000
49	Roland Beck	The Volatility of Capital Flows to Emerging Markets and Financial Services Trade	Trading and Pricing in Financial Markets	2000
48	Antje Brunner, Jan Pieter Krahnen, Martin Weber	Information Production in Credit Relationships: On the Role of Internal Ratings in Commercial Banking	Credit Management & Credit Markets	2000
47	Carsten Detken, Philipp Hartmann	The Euro and International Capital Markets	International Economics	2000
46	Mathias Hoffmann, Ronald MacDonald	A Real Differential View of Equilibrium Real Exchange Rates and Misalignments	Trading and Pricing in Financial Markets	2000
45	Dirk Schumacher	The Liquidity Effect in Germany	Central Banking & Monetary Economics	2000
44	Achim Machauer, Martin Weber	Number of Bank Relationships: An Indicator of Competition, Borrower Quality, or just Size?	Credit Management & Credit Markets	2000
43	Günther Gebhardt	The Evolution of Global Standards of Accounting	Law and Economics of Financial Organizations	2000
42	Roman Kraeussl	Sovereign Credit Ratings and Their Impact on Recent Financial Crises	Risk Management	2000
41	Ralf Ahrens, Stefan Reitz	Heterogeneous Expectations in the Foreign Exchange Market: Evidence from the Daily Dollar/DM Exchange Rate	International Economics	2000
40	Jan Pieter Krahnen, Martin Weber	Generally Accepted Rating Principles: A Primer	Credit Management & Credit Markets	2000
39	Dag Michalsen, Steven Ongena, David C. Smith	Distressed Relationships: Lessons from the Norwegian Banking Crisis	Financial Stability and Banking Regulation	2000
38	Caroline Van Rijckeghem, Beatrice Weder	Financial Contagion: Spillovers Through Banking Centers	Trading and Pricing in Financial Markets	1999	Published in: Journal of International Money and Finance 22, 483-509, 2003, under the title "Spillovers Through Banking Centers: A Panel Data Analysis"
37	Hermann Remsperger, Andreas Worms	Transparency in Monetary Policy	Central Banking & Monetary Economics	1999
36	Ralf Ahrens	Predicting Recessions with Interest Rate Spreads: A Multicountry Regime-Switching Analysis	Trading and Pricing in Financial Markets	1999
35	Ralf Ahrens	Improving market-based forecasts of short-term interest rates: Time-varying stationarity and the predictive content of switching regime-expectations	Trading and Pricing in Financial Markets	1999
34	Ralf Elsas, Jan Pieter Krahnen	Collateral, Default Risk, and Relationship Lending: An Empirical Study on Financial Contracting	Credit Management & Credit Markets	1999
33	Wolfgang Gerke, Robert Bosch	Die Betreuer am Neuen Markt - Eine empirische Analyse	Trading and Pricing in Financial Markets	1999
32	Wolfgang Breuer	The Relevance of Primary Dealers for Public Bond Issues	Trading and Pricing in Financial Markets	1999
31	Helmut Dietl, Markus Pauli, Susanne Royer	Frankfurts Position im internationalen Finanzplatzwettbewerb Eine ressourcenorientierte Analyse	Economics of Exchanges	1999
30	Michael Woodford	Optimal Monetary Policy Intertia	Central Banking & Monetary Economics	1999
29	Torben M. Andersen	Nominal Rigidities and the Optimal Rate of Inflation	Trading and Pricing in Financial Markets	1999
28	Ernst Fehr, Jean-Robert Tyran	Strategic Complementarity, Nominal Rigidity and the Non-Neutrality of Money	Trading and Pricing in Financial Markets	1999
27	Erica L. Groshen, Mark E. Schweitzer	Inflation and Unemployment Revisited: Grease vs. Sand	Central Banking & Monetary Economics	1999
26	Thomas Laubach	Signalling with Monetary and Inflation Targets	Central Banking & Monetary Economics	1999
25	Kenneth N. Kuttner, Adam S. Posen	Does Talk Matter After All? Inflation Targeting and Central Bank Behavior	Central Banking & Monetary Economics	1999
24	Peter Schmid	Monetary Targeting in Practice: The German Experience	Central Banking & Monetary Economics	1999
23	John Vickers	Inflation Targeting in Practice: The UK Experience	Central Banking & Monetary Economics	1999
22	William R. Emmons, Frank A. Schmid	Credit Unions and the Common Bond	Credit Management & Credit Markets	1999
21	Benjamin Bental, Benjamin Eden	The Real Effects of Reserve Requirements	Central Banking & Monetary Economics	1998
20	Gordon M. Bodnar, Günther Gebhardt	Derivatives Usage in Risk Management by U.S. and German Non-Financial Firms: A Comparative Survey	Trading and Pricing in Financial Markets	1998
19	Lars E.O. Svensson	Inflation Targeting as a Monetary Policy Rule	Central Banking & Monetary Economics	1998
18	Henrik Jensen, Ben Lockwood	State Manipulation and Asymptotic Efficiency in a Dynamic Model of Monetary Policy	Central Banking & Monetary Economics	1998
17	Ralf Elsas, Sabine Henke, Achim Machauer, Roland Rott, Gerald Schenk	Empirical Analysis of Credit Relationships in Small Firms Financing: Sampling Design and Descriptive Statistics	Credit Management & Credit Markets	1998
16	Hans-Peter Burghof, Claudia Henschel	Credit Information in Universal Banking - a Clinical Study	Credit Management & Credit Markets	1998
15	Utpal Bhattacharya, Hazem Daouk, Brian Jorgenson, Carl-Heinrich Kehr	When an Event is Not an Event: The Curious Case of an Emerging Market	Trading and Pricing in Financial Markets	1998
14	Adam Posen	Why EMU is Irrelevant for the German Economy	Monetary Policy and Financial Markets	1998
13	Ernst Maug	How Effective is Proxy Voting? Information Aggregation and Conflict Resolution in Corporate Voting Contests	Law and Economics of Financial Organizations	1998
12	Jan Pieter Krahnen	Where do we stand in the Theory of Finance? A Selective Overview with reference to Erich Gutenberg	Financial Stability and Banking Regulation	1998
11	Achim Machauer, Martin Weber	Bank Behavior based on Internal Credit Ratings of Borrowers	Credit Management & Credit Markets	1998
10	Sabine Henke, Hans-Peter Burghof, Bernd Rudolph	Credit Securitization and Credit Derivatives: Financial Instruments and the Credit Risk-Management of Middle Market Commercial Loan Portfolios	Credit Management & Credit Markets	1998
9	Ralf Ewert, Gerald Schenk	Determinants of Bank Lending Performance	Credit Management & Credit Markets	1998
8	Ralf Elsas, Jan Pieter Krahnen	Is Relationship Lending Special? Evidence from Credit-File Data in Germany	Credit Management & Credit Markets	1998
7	Daniel Gros	EMU and Capital Markets	Central Banking & Monetary Economics	1998
6	Anne Sibert, Alan Sutherland	Monetary Regimes and Labour Market Reform	Central Banking & Monetary Economics	1998
5	Roel M. W. J. Beetsma, Harald Uhlig	An Analysis of the "Stability Pact"	Central Banking & Monetary Economics	1998
4	Dominique Demougin, Claude Fluet	A Further Justification for the Negligence Rule	Household Wealth Management	1998
3	Jan Pieter Krahnen, Christian Rieck, Erik Theissen	Messung individueller Risikoeinstellungen	Risk Management	1997
2	Helmut Beeck, Lutz Johanning, Bernd Rudolph	Value-at-Risk-Limitstrukturen zur Steuerung und Begrenzung von Marktrisiken im Aktienbereich	Risk Management	1997
1	Jan Pieter Krahnen, Frank A. Schmid, Erik Theissen	Mutual Fund Performance and Market Share: Evidence from the German Market	Trading and Pricing in Financial Markets	1997
0	Renée Adams, Roman Kräussl, Marco Navone, Patrick Verwijmeren	Is gender in the eye of the beholder? Identifying cultural attitudes with art auction prices	Corporate Finance & Financial Markets	0

 

Contact: Anna Polanska