Working Papers:
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Productivity Shocks, Budget Deficits and the Current Account (with Matthieu Bussière and Marcel Fratzscher), this version: August 2008 (revised version of ECB Working Paper 509)
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How do Fiscal and Technology Shocks affect Real Exchange Rates? New Evidence for the United States (with Zeno Enders and Almuth Scholl; an earlier draft of this paper was circulated under the title "Fiscal policy, technology shocks and the exchange rate"), July 2008, CFS Working Paper 2008/22
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On the international transmission of technology shocks (with Zeno Enders), this version: February 2008 (revised version of EUI Working Paper ECO 2006/36)
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Is the New Keynesian Phillips Curve flat? (with Keith Kuester and Sarah Stölting), September 2007, ECB Working Paper 809
Published or forthcoming:
- What accounts for the changes in US fiscal policy transmission? (with
Florin Bilbiie and André Meier), ECB Working Paper 582, revised version forthcoming, Journal of Money, Credit, and Banking - Twin Deficits, Openness and the Business Cycle (with Giancarlo Corsetti), Journal of the European Economic Association 6(2-3), April-May 2008, 404-413; extended version: CEPR DP6492
- Understanding the Dynamic Effects of Government Spending on Foreign Trade, Journal of International Money and Finance 27(3), April 2008, 345-371; previous version: February 2006
- Fleshing out the Monetary Transmission Mechanism - Output Composition and the Role of Financial Frictions (with André Meier), Journal of Money, Credit, and Banking 38(8), December 2006, 2099-2134; previous version: ECB working Paper 500
- Twin Deficits: Squaring Theory, Evidence and Common Sense (with Giancarlo Corsetti), Economic Policy 48, October 2006, 597-638; previous version: March 2006
- Current Account Dynamics in OECD and EU Accession Countries – An Intertemporal Approach (with Matthieu Bussière and Marcel Fratzscher), Journal of Economic Integration 21(3), September 2006, 593-618; previous version: ECB Working Paper 311