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Latest Working Papers

Daria Suprunenko
Ukrainian export and production after the 2014 Russia shock
Download IEW Working Paper #124

Daria Suprunenko
Not-so-innocent bystanders:
Trade with neighbors of sanctioned countries
Download IEW Working Paper #123

Vera Baye and Valeriya Dinger
Investment incentives of rent controls and gentrification –
Evidence from German micro data
Download IEW Working Paper #122

 Sven Steinkamp and Frank Westermann
Development aid and illicit capital flight:
Evidence from Nepal
Download IEW Working Paper #121

Louisa Grimm, Sven Steinkamp and Frank Westermann
On Optimal Currency Areas and Common Cycles:
Are the Acceding Countries Ready to Join the Euro?
Download IEW Working Paper #120

Yin-Wong Cheung, Louisa Grimm and Frank Westermann
The Evolution of Offshore Renminbi Trading: 2016 to 2019
Download IEW Working Paper #119

Joachim Wilde
What drives trust of long-term unemployed in their caseworkers?
An empirical analysis using experimental data
Download IEW Working Paper #118

Christoph Bierbrauer
Towards a new architecture for the euro area:
An early appraisal of the Juncker Commission
Download IEW Working Paper #117

Yin-Wong Cheung and Wenhao Wang
A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
Download IEW Working Paper #116

Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
Capital Flight to Germany: Two Alternative Measures
Download IEW Working Paper #115

Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
A Tale of Two Surplus Countries: China and Germany
Download IEW Working Paper #114

Sven Steinkamp, Aaron Tornell and Frank Westermann
Evergreening in the Euro Area: Facts and Explanation
Download IEW Working Paper #113

Sven Steinkamp and Frank Westermann
Systemic Crisis and Growth Revisited: Has the Global Financial Crisis
Marked a New Era?
Download IEW Working Paper #112

Valeriya Dinger, Vlad Marincas and Francesco Vallascas
Systemic Effects of Bank Equity Issues: Competition, Stabilization and Contagion
Download IEW Working Paper #111

Christoph Bierbrauer
National Fiscal Stimulus Packages And Consolidation Strategies In A Monetary Union
Download IEW Working Paper #110

Christoph Bierbrauer
Fiscal policy transmission in a non-Ricardian model of a monetary union
Download IEW Working Paper #109

Andreas Steiner, Sven Steinkamp and Frank Westermann
Exit Strategies, Capital Flight and Speculative Attacks:
Europe's Version of the Trilemma
Download IEW Working Paper #108

Sven Steinkamp, Aaron Tornell and Frank Westermann
The Euro Area’s Common Pool Problem Revisited: Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening?
Download IEW Working Paper #107

Jair N. Ojeda-Joya and Oscar E. Guzman
The Size of Fiscal Multipliers and the Stance of Monetary Policy in Developing Economies
Download IEW Working Paper #106

Sven Steinkamp and Frank Westermann
Multilateral loans and interest rates: further evidence on the seniority conundrum
Download IEW Working Paper #105

Florian Hartmann, Matthieu Charpe, Peter Flaschel and Roberto Veneziani
A Basic Model of Real-Financial Market Interactions with Heterogeneous Opinion Dynamics
Download IEW Working Paper #104

Yin-Wong Cheung, Sven Steinkamp and Frank Westermann
China's Capital Flight: Pre- and Post-Crisis Experiences
Download IEW Working Paper #103

Andreas Scholze and Frank Westermann
Wie bilanziert die EZB - Ein Kommentar zur Bilanzausweitung der Europäischen Zentralbank
Download IEW Working Paper #102

Nephil M. Maskay, Sven Steinkamp and Frank Westermann
On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal
Download IEW Working Paper #101

Valeriya Dinger & Francesco Vallascas
Are Banks Less Likely to Issue Equity When They Are Less Capitalized?
Download IEW Working Paper #100

Frank Westermann
Discussion of "TARGET2 and Central Bank Balance Sheets"
Download IEW Working Paper #99     

Peter Flaschel, Florian Hartmann, Chris Malikane & Christian R. Prosano
A Behavioral Macroeconomic Model of Exchange Rate Fluctuations with Complex Market Expectations Formation
Download IEW Working Paper #98

Steiner, Andreas
A Tale of Two Deficits: Public Budget Balance of Reserve Currency Countries
Download IEW Working Paper #97

Kuckuck, Jan & Westermann, Frank 
On the size of fiscal multipliers: A counterfactual analysis
Download IEW Working Paper #96

Dufour, Jean-Marie & Wilde, Joachim 
Weak identification in probit models with endogenous covariates 
Download IEW Working Paper #95

Dinger, Valeriya, Steinkamp, Sven & Westermann, Frank
The Tragedy of the Commons and Inflation Bias in the Euro Area 
Download IEW Working Paper #94

Wilde, Joachim
Effects of simultaneity on testing Granger-causality - a cautionary note about statistical problems and economic misinterpretations
Download IEW Working Paper #93

Steinkamp, Sven & Westermann, Frank
On Creditor Seniority and Sovereign Bond Prices in Europe
Download IEW Working Paper #92

Kuckuck, Jan
Testing Wagner's Law at Different Stages of Economic Development A Historical Analysis of Five Western European Countries
Download IEW Working Paper #91

Qian, Xingwang & Steiner, Andreas
International Reserves and the Composition of Equity Capital Inflows
Download IEW Working Paper #90

Diekmann, Katharina
Are there spillover effects from Hong Kong and the United States to Chinese stock markets?
Download IEW Working Paper #89

Craig, Ben R. & Dinger, Valeriya
The Duration of Bank Retail Interest Rates
Download IEW Working Paper #88

Brauer, Sebastian, Leuschner, Carl-Friedrich & Westermann, Frank
Does the Introduction of IFRS Change the Timeless of Loss Recognition? Evidence from German Firms
Download IEW Working Paper #87

Diekmann, Katharina & Westermann, Frank
Financial Development and Sectoral Output Growth in 19th Century Germany
Download IEW Working Paper #86

Steiner, Andreas
The Accumulation of Foreign Exchange by Central Banks: Fear of Capital Mobility?
Download IEW Working Paper #85

Steiner, Andreas
Central Banks' Dilemma: Reserve Accumulation, Inflation and Financial Instability
Download IEW Working Paper #84

Lindenberg, Nannette & Westermann, Frank
How Strong is the Case for Dollarization in Central America? An Empirical Analysis of Business Cycles, Credit Market Imperfections and the Exchange Rate
Download IEW Working Paper #83

Bönisch, Peter; Gaffert, Philipp & Wilde, Joachim
The Impact of Skills on Remigration Flows
Download IEW Working Paper #82

Brauer, Sebastian & Westermann, Frank
A Note on the Time Series Measure of Conservatism
Download IEW Working Paper #81

Steiner, Andreas
Contagious Policies: An Analysis of Spatial Interactions Among Countries’ Capital Account Policies
Download IEW Working Paper #80