Discussion Papers
The Discussion Papers with economic studies or financial and banking studies are elaborated by the research centre of the Deutsche Bundesbank.
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The timeless perspective vs. discretion: theory and monetary policy implications for an open economy Alfred V. Guender
654 KB, PDF
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The timing and magnitude of exchange rate overshooting Mathias Hoffmann, Jens Søndergaard, Niklas J. Westelius
374 KB, PDF
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Taxing deficits to restrain government spending and foster capital accumulation Nikolai Stähler
297 KB, PDF
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Spill-over effects of monetary policy – a progress report on interest rate convergence in Europe Michael Flad
576 KB, PDF
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Asset correlations and credit portfolio risk – an empirical analysis Discussion paper 13/2007: Klaus Düllmann, Martin Scheicher, Christian Schmieder
361 KB, PDF
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Quantifying risk and uncertainty in macroeconomic forecasts Malte Knüppel, Karl-Heinz Tödter
581 KB, PDF
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Corporate marginal tax rate, tax loss carryforwards and investment functions - empirical analysis using a large German panel data set Fred Ramb
331 KB, PDF
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International investment positions and exchange rate dynamics: a dynamic panel analysis Michael Binder, Christian J. Offermanns
2 MB, PDF
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Volatile multinationals? Evidence from the labor demand of German firms Claudia M. Buch, Alexander Lipponer
367 KB, PDF
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Testing for contemporary fiscal policy discretion with real time data Ulf von Kalckreuth, Guntram B. Wolff
311 KB, PDF
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The marketability of bank assets and managerial rents: implications for financial stability Discussion paper 12/2007: Falko Fecht, Wolf Wagner
341 KB, PDF
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Welfare effects of financial integration Discussion paper 11/2007: Falko Fecht, Hans Peter Grüner, Philipp Hartmann
521 KB, PDF
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The quality of banking and regional growth Discussion paper 10/2007: Iftekhar Hasan, Michael Koetter, Michael Wedow
348 KB, PDF
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The rationality and reliability of expectations reported by British households: micro evidence from the British household panel survey James Mitchell, Martin Weale
301 KB, PDF
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Uncertainty about perceived inflation target and monetary policy Kosuke Aoki, Takeshi Kimura
598 KB, PDF
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Money in monetary policy design under uncertainty: the Two-Pillar Phillips Curve versus ECB-style cross-checking Günter W. Beck, Volker Wieland
214 KB, PDF
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Banking consolidation and small businessfinance - empirical evidence for Germany Discussion paper 09/2007: Katharina Marsch, Christian Schmieder, Katrin Forster-van Aerssen
461 KB, PDF
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Does intra-firm bargaining matter for business cycle dynamics? Michael Krause, Thomas Lubik
329 KB, PDF
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Heterogeneous expectations, learning and European inflation dynamics Anke Weber
480 KB, PDF
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Time-varying contributions by the corporate bond and CDS markets to credit risk price discovery Discussion paper 08/2007: Niko Dötz
221 KB, PDF
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On-the-job search and the cyclical dynamics of the labor market Michael Krause, Thomas Lubik
387 KB, PDF
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Does anticipation of government spending matter? Evidence from an expectation augmented VAR Jörn Tenhofen, Guntram B. Wolff
309 KB, PDF
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Exchange rate dynamics in a target zone - a heterogeneous expectations approach Christian Bauer, Paul De Grauwe, Stefan Reitz
380 KB, PDF
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Money and housing – evidence for the euro area and the US Claus Greiber, Ralph Setzer
710 KB, PDF
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Modelling dynamic portfolio risk using risk drivers of elliptical processes Discussion paper 07/2007: Rafael Schmidt, Christian Schmieder
603 KB, PDF
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A note on the coefficient of determination in regression models with infinite-variance variables Jeong-Ryeol Kurz-Kim, Mico Loretan
409 KB, PDF
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Reconsidering the role of monetary indicators for euro area inflation from a Bayesian perspective using group inclusion probabilities Michael Scharnagl, Christian Schumacher
351 KB, PDF
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An assessment of the trends in international price competitiveness among EMU countries Christoph Fischer
355 KB, PDF
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Money-based interest rate rules: lessons from German data Christina Gerberding, Franz Seitz, Andreas Worms
336 KB, PDF
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Moral hazard and bail-out in fiscal federations: evidence for the German Länder Kirsten H. Heppke-Falk, Guntram B. Wolff
349 KB, PDF
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End-user order flow and exchange rate dynamics Stefan Reitz, Markus A. Schmidt, Mark P. Taylor
307 KB, PDF
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How do banks adjust their capital ratios? Evidence from Germany Discussion paper 06/2007: Christoph Memmel, Peter Raupach
307 KB, PDF
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Unemployment and employment protection in a unionized economy with search frictions Nikolai Stähler
256 KB, PDF
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Diversification and the banks’ risk-return-characteristics – evidence from loan portfolios of German banks Discussion paper 05/2007: Andreas Behr, Andreas Kamp, Christoph Memmel, Andreas Pfingsten
333 KB, PDF
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Price setting in the euro area: some stylised facts from individual producer price data Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini, Harald Stahl, Philip Vermeulen
258 KB, PDF
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Open-end real estate funds in Germany - genesis and crisis Discussion paper 04/2007: Christina E. Bannier, Falko Fecht, Marcel Tyrell
341 KB, PDF
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Slippery slopes of stress: ordered failure events in German banking Discussion paper 03/2007: Thomas Kick, Michael Koetter
804 KB, PDF
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Efficient, profitable and safe banking: an oxymoron? Evidence from a panel VAR approach Discussion paper 02/2007: Michael Koetter, Daniel Porath
501 KB, PDF
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Threshold dynamics of short-term interest rates: empirical evidence and implications for the term structure Theofanis Archontakis, Wolfgang Lemke
528 KB, PDF
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Granularity adjustment for Basel II Discussion paper 01/2007: Michael B. Gordy, Eva Lütkebohmert
329 KB, PDF
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Money market derivatives and the allocation of liquidity risk in the banking sector Discussion paper 12/2006: Falko Fecht, Hendrik Hakenes
406 KB, PDF
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Limits to international banking consolidation Discussion paper 11/2006: Falko Fecht, Hans Peter Grüner
414 KB, PDF
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Price adjustment in German manufacturing: evidence from two merged surveys Harald Stahl
749 KB, PDF
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A new mixed multiplicative-additive model for seasonal adjustment Stephanus Arz
511 KB, PDF
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Industries and the bank lending effects of bank credit demand and monetary policy in Germany Ivo J.M. Arnold, Clemens J.M. Kool, Katharina Raabe
346 KB, PDF
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The role of technology in M&As: a firm-level comparison of cross-border and domestic deals Rainer Frey, Katrin Hussinger
487 KB, PDF
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Regionalwährungen in Deutschland - Lokale Konkurrenz für den Euro? Diskussionspapier 43/2006: Gerhard Rösl
473 KB, PDF
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How good are dynamic factor models at forecasting output and inflation? A meta-analytic approach Sandra Eickmeier, Christina Ziegler
566 KB, PDF