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  • Cyclical adjustment in fiscal rules: some evidence on real-time bias for EU-15 countries Kempkes G.

  • Smells Like Fiscal Policy? Assessing the Potential Effectivenes of the ECB's OMT Program Hristov N., Huelsewig O., Siemsen T.,Wollmershaeuser T.

  • Toward a Taylor rule for fiscal policy Kliem M., Kriwoluzky A.

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  • Can Capacity Constraints Explain Asymmetries of the Business Cycle? Knüppel M.

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  • Financial Frictions and Inflation Differentials in a Monetary Union Hristov N., Huelsewig O., Wollmershaeuser T.

  • Early Warning Indicators for the German Banking System: A Macroprudential Analysis Jahn N., Kick T.

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  • Choosing and using payment instruments: evidence from German microdata von Kalckreuth U., Schmidt T., Stix H.

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  • Impacts of the Financial Crisis on Eurozone Sovereign CDS Spreads Gündüz Y., Kaya O.

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  • Stress testing German banks against a global credit crunch Düllmann K., Kick T.

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  • Understanding global liquidity Eickmeier S., Gambacorta L., Hofmann B.

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