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Recently Published Papers


Chronopoulos, D. K., Johari, E. E. C., Scholtens, B., Sobiech, A. L., Wilson, J. O., & Yilmaz, M. H. (2023):  "Competition and Bank Dividends." Journal of International Money and Finance, 102898


F. Bierbrauer, P. Boyer, E. Hansen (2022): "Pareto-Improving Tax Reforms and the Earned Income Tax Credit". Forthcoming at Econometrica.

E. Hansen (2022): “Political Competition with Endogenous Party Formation and Citizen Activists”. American Economic Journal: Microeconomics 14 (3): 35-75.


F. Bierbrauer, A. Tsyvinski & N. Werquin (2021): “Taxes and Turnout: When the decisive voter stays at home”. Forthcoming in American Economic Review.

U. Glogowsky, E. Hansen & S. Schächtele (2021): “How Effective Are Social Distancing Policies? Evidence on the Fight Against COVID-19”. PLoS ONE 16(9): e0257363.

M. Flückiger, E. Hornung, M. Larch, M. Ludwig, & A. Mees (2021). "Roman transport network connectivity and economic integration". Forthcoming in: The Review of Economic Studies

A. L. Sobiech, D. K. Chronopoulos, & J. O. Wilson (2021). "The real effects of bank taxation: Evidence for corporate financing and investment". Journal of Corporate Finance, 101989.

F. Bierbrauer, P. Boyer & A. Peichl (2021): "Politically Feasible Reforms of Nonlinear Tax Systems." American Economic Review, 111 (1): 153-91.


M. Kaldorf & D. Wied (2020): "Testing Constant Cross-Sectional Dependence with Time-Varying Marginal Distributions in Parametric Models". Forthcoming in: Studies in Nonlinear Dynamics and Econometrics.

C. Loenser & A. Schabert (2020): "Monetary Policy, Financial Constraints, and Redistribution". Forthcoming in: International Economic Review.

H. Braun, R. Döhrn, M. Krause, M. Micheli & T. Schmidt (2020): "Macroeconomic Long-Run Effects of the German Minimum Wage when Labor Markets are Frictional,". Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) 240 (2-3), 351-386.

S. Bauernschuster, A. Driva & E. Hornung (2020): "Bismarck's Health Insurance and the Mortality Decline”. Forthcoming in: Journal of the European Economic Association.

S. O. Becker & E. Hornung (2020): “The Political Economy of the Prussian Three-class Franchise”. Forthcoming in: Journal of Economic History.


M. Hoffmann, M. Krause & P. Tillmann (2019): "International capital flows, external assets and output volatility". Journal of International Economics 117, 242-255.

M. Hoffmann, M. Krause & T. Laubach (2019): "The Expectations-driven US Current Account". Economic Journal 129 (618), 897-924.

E. Hornung (2019): “Diasporas, Diversity, and Economic Activity: Evidence from 18th-century Berlin”. Explorations in Economic History 73, 101261.

H. Grunewald, E. Hansen & G. Pönitzsch (2019): "Political Selection and the Optimal Concentration of Political Power". Forthcoming in: Economic Theory.

J. Röttger (2019): "Discretionary Monetary and Fiscal Policy with Endogenous Sovereign Risk". Journal of Economic Dynamics and Control 105, 44-66.

B. Born, G. Müller & J. Pfeifer (2019): "Does austerity pay off?". Forthcoming in: Review of Economics and Statistics.


B. Born & J. Pfeifer (2018): "The New Keynesian Wage Phillips Curve: Calvo vs. Rotemberg". Macroeconomic Dynamics. 1-25.

V. Carrasco, V. Farinha Luz, N. Kos, M. Messner, P. Monteiro & H. Moreira (2018): "Optimal selling mechanisms under moment conditions". Journal of Economic Theory 177: 245-279.

T. Schelkle (2018): "Mortgage Default during the U.S. Mortgage Crisis". Journal of Money, Credit and Banking. 50 (6): 1101-1137 (lead article).

P. Funk (2018): "Human Capital, Polarization, and Pareto-Improving Activating Welfare". The Economic Journal 129 (619), 1221-1246.

N. Pavoni, M. Messner & C. Sleet (2018): "The Dual Approach to Recursive Optimization: Theory and Examples". Econometrica 86 (1): 133-172.


M. Barbie & M. Hillebrand (2017): "Bubbly Markov Equilibria". Econ Theory 66: 627.

C. Bredemeier, F. Juessen & R. Winkler (2017): ”Man-cessions, Fiscal Policy, and the Gender Composition of Employment”. Economics Letters 158: 73-76.

M. Groneck & C. Kaufmann (2017): "Determinants of Relative Sectoral Prices: The Role of Demographic Change". Oxford Bulletin of Economics and Statistics 79 (3): 319-347.

F. Bierbrauer, A. Ockenfels, A. Pollak & D. Rückert (2017): "Robust Mechanism Design and Social Preferences". Journal of Public Economics 149: 59-80.

M. Hoffmann, M. Krause & T. Laubach (2017): "The Expectation-driven U.S. Current Account Imbalance".  The Economic Journal 129 (618), 897-924.

A. Di Tillio, N. Kos & M. Messner (2017): "The Design of Ambiguous Mechanisms". Review of Economic Studies 84 (1): 237-276.


F. Bierbrauer & M. Hellwig (2016): "Robustly Coalition-Proof Incentive Mechanisms for Public Good Provision are Voting Mechanisms and Vice Versa". Review of Economic Studies 83 (4): 1440-1464.

C. Bredemeier & R. Winkler (2016): ”The Employment Dynamics of Different Population Groups over the Business Cycle”. Applied Economics 49 (26): 2545-2562.

M. Krause & S. Moyen (2016): "Public Debt and Changing Inflation Targets". American Economic Journal: Macroeconomics 8 (4): 142-176.

F. Juessen, L. Linnemann & A. Schabert (2016): "Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model". Macroeconomic Dynamics 20: 380-403.

F. Bierbrauer & P. Boyer (2016): "Efficiency, Welfare and Political Competition". Quarterly Journal of Economics 131: 461-518.


H. Gersbach, J.-C. Rochet & M. Scheffel (2015): "Taking Banks to Solow". In: Joseph E. Stiglitz and Martin Guzman (eds.): “Contemporary Issues in Macroeconomics – Lessons from The Crisis and Beyond”, Palgrave Macmillan.

A. Schabert (2015): "Optimal Central Bank Lending". Journal of Economic Theory 157: 485-516.

L. Linnemann & A. Schabert (2015): "Liquidity Premia and Interest Rate Parity". Journal of International Economics 97: 178-192.

M. Hörmann & A. Schabert (2015): "A Monetary Analysis of Balance Sheet Policies". The Economic Journal 125: 1888-1917.


C. Bredemeier (2014): "Imperfect Information and the Meltzer-Richard Hypothesis". Public Choice 15 (3): 561-579.

M. Barbie & A. Gupta (2014): "The topology of information on the space of probability measures over Polish spaces". Journal of Mathematical Economics 52: 98-111.

F. Bierbrauer (2014): "Tax incidence for fragile financial markets". Journal of Public Economics 120: 107-125.

F. Bierbrauer & P. Boyer (2014): "The Pareto-frontier in a simple Mirrleesian model of income taxation". Annals of Economics and Statistics 113/114: 185-206.

F. Bierbrauer (2014): "Optimal tax and expenditure policy with aggregate uncertainty". American Economic Journal: Microeconomics 6: 205-257.


C. Bredemeier & F. Juessen (2013): "Assortative Mating and Female Labor Supply". Journal of Labor Economics 3 (3): 603-631.

T. Krebs & M. Scheffel (2013): "Macroeconomic Evaluation of Labor Market Reform in Germany". IMF Ecomomic Review 6 (4): 664-701.

F. Bierbrauer, C. Brett & J. A. Weymark (2013): "Strategic Nonlinear Income Tax Competition with Perfect Labor Mobility". Games and Economic Behavior 82: 292-311.

F. Bierbrauer & P. Boyer (2013): "Political competition and Mirrleesian income taxation: A first pass". Journal of Public Economics 103: 1-14 (lead article).