Research Interests

• Monetary Analysis and Monetary Policy Transmission
• Time Series Analysis, Panel Data Models
• International Financial Integration

Publications

Articles in Refereed Journals

• The Fall of the Labor Income Share: The Role of Technological Change and Hiring Frictions (with Francesco Carbonero and Enzo Weber),
  Review of Economic Dynamics, July 2023, 49:251-268.
• Spillovers of U.S. Unconventional Monetary Policy to Emerging Markets: The Role of Capital Flows (with Pablo Anaya and Michael Hachula),
  Journal of International Money and Finance, May 2017, 73(B):275–295.
• Interest Rate Dynamics and Monetary Policy Implementation in Switzerland (with Puriya Abbassi and Dieter Nautz),
  Swiss Journal of Economics and Statistics, March 2010, 146(1):313–340.
• Volatility Transmission in the European Money Market (with Dieter Nautz),
  North American Journal of Economics and Finance, March 2008, 19(1):23–39.
• The Dynamic Relationship between the Euro Overnight Rate, the ECB's Policy Rate and the Term Spread (with Dieter Nautz),
  International Journal of Finance and Economics, July 2007, 12(3):287–300.
• Does the Euro follow the German Mark? Evidence from the Monetary Model of the Exchange Rate (with Dieter Nautz),
  European Economic Review, June 2006, 50(5):1279–1295.

Discussion Papers

• The Effects of the Eurosystem's APP on Euro Area Bank Lending: Letting Different Data Speak (with Barno A. Blaes and Björn Kraaz),
  Deutsche Bundesbank Discussion Paper 26/2019, August 2019.
• On the Degree of Homogeneity in Dynamic Heterogeneous Panel Data Models ,
  FU Discussion Paper 2014/25, October 2014.
• Globalization and International Business Cycle Dynamics – A Conditional GVAR Approach (with Michael Binder),
  FU Discussion Paper 2014/24, October 2014.
• International Investment Positions and Exchange Rate Dynamics (with Michael Binder),
  FU Discussion Paper 2014/23, September 2014.
• The CFS International Capital Flow Database. A User's Guide (with Marcus Pramor),
  CFS Working Paper 2007/24, August 2007.