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Working Papers


2018

M. Kaldorf, D. Wied (2018): "Testing Constant Cross-Sectional Dependence With Time-Varying Marginal Distributions" Version July 2018. Supplementary Material.

H. Polattimur & A. Schabert (2018): „On the Role of MBS for the Macroeconomic Effects of QE1“.

2017

A. Grunewald, E. Hansen & G. Pönitzsch (2017): "Political Selection and the Optimal Concentration of Political Power".

F. Bierbrauer, A. Tsyvinski & N. Werquin (2017): "Taxes and Turnout".

C. Bredemeier, C. Kaufmann & A. Schabert (2017): "Interest Rate Spreads and Forward Guidance".

C. Bredemeier, F. Juessen & A. Schabert (2017): "Fiscal Multipliers and Monetary Policy: Reconciling Theory and Evidence".

S. Luck & P. Schempp (2017): "Liquidity Creation, Capital Requirements, and Regulatory Arbitrage".

2016

C. Kaufmann (2016): "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union". Deutsche Bundesbank Discussion Paper 44/2016.

P. Funk & T. Kemper (2016):"Leisure and Learning - Activities and Their Effects on Child Skill Development". University of Cologne, Working Paper Series in Economics No. 85.

K. Burghaus & P. Funk (2016): "Endogenous Growth, Green Innovation and GDP Deceleration in a World with Polluting Production Inputs". University of Cologne, Working Paper Series in Economics No. 84.

2015

Hansen, E. (2015): "On the Ambiguous Sign of the Optimal Utilitarian Marginal Income Tax".

Grunewald, A., E. Hansen & G. Pönitzsch (2015): "Political Selection and the Concentration of Political Power".

Hansen, E. (2015): "Political Competition with Endogneous Party Formation and Citizen Activists".

Bredemeier, C., F. Juessen & R. Winkler (2015): "Man-cessions, Fiscal Policy, and the Gender Composition of Employment". University of Cologne, Working Paper Series in Economics No. 83.

Christoffel, K. & A. Schabert (2015): "Interest Rates, Money, and Banks in an Estimated Euro Area Model". European Central Bank Working Paper No. 1791.

Schabert, A. (2015): "Optimal Monetary Policy, Asset Purchases, and Credit Market Frictions". European Central Bank Working Paper No. 1738.

Bredemeier, C., F. Juessen & A. Schabert (2015): "Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound". IZA Discussion Paper No. 8993.

Bredemeier, C. (2015): "Household Specialization and the Labor-Supply Elasticities of Women and Men". University of Cologne, Working Paper Series in Economics No. 81.

Funk, P. (2015): "Human Capital, Polarization, and Pareto-Improving Activating Welfare". University of Cologne, Working Paper Series in Economics No. 62.

Funk, P. (2015): "Socially Optimal Polarization, Talent Slavery, and Income Rank Reversal". Manuscript.

Barbie, M. & A. Kaul (2015): "Pareto Optimality and Existence of Monetary Equilibria in a Stochastic OLG Model: A Recursive Approach".

Barbie, M. & M. Hillebrand (2015): "Bubbly Markov Equilibria".

2014

Hoffmann, M., M. Krause & P. Tillmann (2014): "International Capital Flows, External Assets, and Output Volatility". Deutsche Bundesbank Discussion Paper No. 30, revise and resubmit, Journal of International Economics.

Krause, M. & T. A. Lubik (2014): "Modeling Labor Markets in Macroeconomics: Search and Matching". Federal Reserve Bank of Richmond Working Paper No. 14.

Groneck, M. & F. Krehl (2014): "Bequests and Informal Long-Term Care: Evidence from the HRS Exit Interviews". University of Cologne, Working Paper Series in Economics No. 79.

Linnemann, L. & A. Schabert (2014): "Liquidity Premia and Interest Rate Parity". University of Cologne, Working Paper Series in Economics No. 78.

Braun, H. & B. Brügemann (2014): "Welfare Effects of Short-Time Compensation". University of Cologne, Working Paper Series in Economics No. 77.

Röttger, J. (2014): "Monetary and Fiscal Policy with Sovereign Default". University of Cologne, Working Paper Series in Economics No. 74.

Juessen, F., L. Linnemann & A. Schabert (2014): "Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model". University of Cologne, Working Paper Series in Economics No. 73.

Schelkle, T. (2014): "Mortgage Default during the U.S. Mortgage Crisis". University of Cologne, Working Paper Series in Economics No. 72.

Harenberg, D. & A. Ludwig (2014): "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk". University of Cologne, Working Paper Series in Economics No. 71.

Groneck, M. & C. Kaufmann (2014): "Relative Sectoral Prices and Population Ageing: A Common Trend". University of Cologne, Working Paper Series in Economics No. 69.

Ludwig, A. & M. Schön (2014): "Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods". University of Cologne, Working Paper Series in Economics No. 65.

2013

Hoffmann, M., M. Krause & T. Laubach (2013): "The Expectation-driven U.S. Current Account Imbalance". Deutsche Bundesbank Discussion Paper No. 10, revise and resubmit, The Economic Journal.

Hörmann, M. & A. Schabert (2013): "A Monetary Analysis of Balance Sheet Policies". University of Cologne, Working Paper Series in Economics No. 68.

Juessen, F. & A. Schabert (2013): "Fiscal Policy, Sovereign Default, and Bailouts". University of Cologne, Working Paper Series in Economics No. 67.

Groneck, M., A. Ludwig & A. Zimper (2013): "A Life-Cycle Model with Ambiguous Survival Beliefs". University of Cologne, Working Paper Series in Economics No. 63.

Krueger, D. & A. Ludwig (2013): "Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation". University of Cologne, Working Paper Series in Economics No. 60.

Börsch-Supan, A., A. Ludwig & E. Vogel (2013): "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation". University of Cologne, Working Paper Series in Economics No. 59.

2012

Bierbrauer, F. (2012): "On the Incidence of a Financial Transactions Tax in a Model of Fire Sales". University of Cologne, Working Paper Series in Economics No. 55.

Bierbrauer, F. & N. Netzer (2012): "Mechanism Design and Intentions". University of Cologne, Working Paper Series in Economics No. 53.