Mitarbeiter

Andreas Worms

• Deutsche Bundesbank
• Central Office, Economics Department
• Wilhelm Epstein Str. 14
• D-60431 Frankfurt am Main
•  
• +49 69 9566-2207
• +49 69 9566-3082
• Andreas Worms

Research Interests

• Monetary policy transmission
• Financial stability
• Bank behaviour
• Optimal monetary policy
• Communication and transparency of monetary policy

Selected Publications and Working Papers

Refereed articles

• Bank networks and monetary policy transmission;
• Journal of the European Economic Association,Vol. 2/6, December 2004, forthcoming (joint with M. Ehrmann).
• Bank Lending and Monetary Policy Transmission;
• Journal of Economics and Statistics, Vol. 224/5, September 2004, 511-529 (joint with O. Huelsewig and P. Winker).
• Estimating Bilateral Exposures in the German Interbank Market: Is there A Danger of Contagion?
• European Economic Review, Vol. 48/4, August 2004, 827-849. (joint with C. Upper).
• Monetary policy transmission in the euro area: Evidence from micro data on banks and firms;
• Journal of the European Economic Association , April-May 2003, 1/2-3, 731-742 (joint with J.-B. Chatelain, M. Ehrmann, A. Generale, J. Martínez-Pages and P. Vermeulen).
• Interbank relationships and the credit channel in Germany;
• Empirica - Journal of Applied Economics and Economic Policy, 2003, Vol 30/2, 179-198.
• The effects of monetary policy in the euro area;
• in: Artis/Allsopp (eds.): EMU, four Years On; Oxford Review of Economic Policy, Vol. 19/1, 58-72 (joint with M. Ehrmann, L. Gambacorta, J. Martínez-Pages and P. Sevestre).

Books, contributions to books and conference volumes

• The Financial System and Monetary Transmission in Germany;
• in: Krahnen/Schmidt (eds): The German Financial System, Chapter 6, Oxford University Press 2004, Oxford (UK), 163-196.
• Bank Lending in the Transmission of Monetary Policy: A VECM Analysis for Germany;
• in: Dreger/Hansen (eds): Advances in Macroeconometrics, Papers and Proceedings of the 3 rd IWH Workshop in Macro­econometrics, Nomos Verlagsgesellschaft, Baden-Baden 2004, 239-264 (joint with O. Hülsewig and P. Winker).
• Financial systems and the role of banks in monetary transmission in the euro area;
• in: Angeloni/Kashyap/Mojon (eds): Monetary Policy Transmission in the Euro Area, Cambridge : Cambridge University Press, 2003, 235-269 (joint with M. Ehrmann, L. Gamba­corta, J. Martínez-Pages and P. Sevestre).
• The Reaction of Bank Lending to Monetary Policy Measures in Germany;
• in: Angeloni/Kashyap/Mojon (eds): Monetary Policy Transmission in the Euro Area, Cambridge: Cambridge University Press, 2003, 270-283.
• Real long-term interest rates and monetary policy: A cross-country perspective;
• in: BIS (ed): Monetary policy in a changing environment, BIS Papers 19, 2003, 234-257 (joint with C. Upper).
• Banken als Bindeglied zwischen Geld- und Kapitalmarkt in Deutschland;
• in: B. Schefold (ed.): Exogenität und Endogenität - Die Geldmenge in der Geschichte des ökonomischen Denkens und in der modernen Politik; Verlag Metropolis, 2002, S. 93-132 (joint with C. Upper).
• Do Institutional Safeguards Limit the Danger of Contagion in the German Interbank Market?
• in: Federal Reserve Bank of Chicago (ed): The Financial Safety Net: Costs, Benefits, and Implications for Regulation (Proceedings of 37 th Annual Conference on Bank Structure and Competition), 2001, 577-597 (joint with C. Upper).
• Bankkredite an Unternehmen und ihre Rolle in der geldpolitischen Transmission in Deutschland;
• Peter Lang-Verlag, Europäische Hochschulschriften, Reihe V, 1998, No. 2244.
• Determinants of Long-Term Interest Rates in Selected Countries - Towards a European Central Bank Policy Design;
• in: Johnson/Collignon (eds): The Monetary Economics of Europe - Causes of the EMS Crisis; London: Pinter Publishers, 1994, 189-226 (joint with W. Gebauer, M. Müller, K. Schmidt and M. Thiel).

Working papers

• How the Bundesbank really conducted monetary policy: An analysis based on real-time data,
• in: Deutsche Bundesbank Discussion Paper, Series 1: Studies of the Economic Research Centre, No 25/2004 , September 2004 (joint with C. Gerberding and F. Seitz).
• Interbank Lending and Monetary Policy Transmission: Evidence for Germany;
• in: ECB Working Paper Series, No. 73, July 2001, and: Deutsche Bundesbank, Discussion Paper 11/01 (joint with M. Ehrmann).
• Transparency in Monetary Policy;
• in: Center for Financial Studies Working Paper No. 1999/16 (joint with H. Remsperger).

Other publications

• A Real-Time Data Set for German Key Macroeconomic Variables, forthcoming
• in: Schmollers Jahrbuch 2/2005 (joint with C. Gerberding, M. Kaatz and F. Seitz).
• Issues on Monetary Theory and Policy - Proceedings of a Colloquium in Honour of Wolfgang Gebauer,
• Bankakademie-Verlag, Frankfurt am Main (edited jointly with V. Deville, J. v.Landesberger, M. Müller and F. Schobert).