Univ. of Cologne | Department of Economics
Working Papers
Working Paper Series
Selected Working Papers
2021
E. Hornung, G. Schwerdt, & M. Strazzeri (2021): “Religious Practice and Student Performance: Evidence from Ramadan Fasting”
F. Giovanardi, M. Kaldorf, L. Radke & F. Wicknig (2021): "The Preferential Treatment of Green Bonds"
2020
M. Kaldorf & F. Wicknig (2020): "Risky Financial Collateral, Firm Heterogeneity, and the Impact of Eligibility Requirements".
M. Kaldorf & Joost Röttger (2020): "Convenient but Risky Government Bonds".
U. Glogowsky, E. Hansen, S. Schächtele (2020): "How Effective Are Social Distancing Policies? Evidence on the Fight Against COVID-19 from Germany".
2019
B.Born, F. D'Ascanio, G. Müller, J. Pfeifer (2019): "The worst of both worlds: Fiscal policy and fixed exchange rates"
C. Loenser & A. Schabert (2019): "Monetary Policy, Financial Constraints, and Redistribution".
S. O. Becker & E. Hornung (2019): “The Political Economy of the Prussian Three-class Franchise”.
J. Röttger (2019): "Debt, Default, and Commitment".
2018
J. Löbbing (2018): "An Elementary Theory of Directed Technical Change and Wage Inequality".
M. Kaldorf & D. Wied (2018): "Testing Constant Cross-Sectional Dependence with Time-Varying Marginal Distributions in Parametric Models".
F. Bierbrauer & J. Winkelmann (2018): "All or Nothing: State capacity and optimal public goods provision".
C. Loenser & A. Schabert (2018): "Monetary Policy, Financial Constraints, and Redistribution".
H. Polattimur & A. Schabert (2018): „On the Role of MBS for the Macroeconomic Effects of QE1“.
R. Flore (2018): "Optimal Capital Structure in the Presence of Financial Assets".
R. Flore (2018): "Separation of Credit Risk and Maturity Transformations".
R. Flore (2018): "Intermediation Chains as a Way to Reconcile Differing Purposes of Debt Financing".
2017
A. Grunewald, E. Hansen & G. Pönitzsch (2017): "Political Selection and the Optimal Concentration of Political Power".
F. Bierbrauer, A. Tsyvinski & N. Werquin (2017): "Taxes and Turnout".
A. Schabert (2017): "Welfare-Enhancing Distributional Effects of Central Bank Asset Purchases".
E. Hansen (2017): "Political Competition with Endogenous Party Formation and Citizen Activists".
C. Bredemeier, C. Kaufmann & A. Schabert (2017): "Interest Rate Spreads and Forward Guidance".
F. Bierbrauer & P. Boyer (2017): "Politically Feasible Reforms of Nonlinear Tax Systems".
J. Röttger (2017): "Discretionary Monetary and Fiscal Policy with Endogenous Sovereign Default".
C. Bredemeier, F. Juessen & A. Schabert (2017): "Fiscal Multipliers and Monetary Policy: Reconciling Theory and Evidence".
T. Krebs & M. Scheffel (2017): "Labor Market Institutions and the Cost of Recessions".
S. Luck & P. Schempp (2017): "Liquidity Creation, Capital Requirements, and Regulatory Arbitrage".
2016
J. Röttger (2016): "Monetary Conservatism, Default Risk, and Political Frictions".
C. Kaufmann (2016): "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union". Deutsche Bundesbank Discussion Paper 44/2016.
P. Funk & T. Kemper (2016):"Leisure and Learning - Activities and Their Effects on Child Skill Development". University of Cologne, Working Paper Series in Economics No. 85.
K. Burghaus & P. Funk (2016): "Endogenous Growth, Green Innovation and GDP Deceleration in a World with Polluting Production Inputs". University of Cologne, Working Paper Series in Economics No. 84.
2015
E. Hansen (2015): "On the Ambiguous Sign of the Optimal Utilitarian Marginal Income Tax".
A. Grunewald, E. Hansen & G. Pönitzsch (2015): "Political Selection and the Concentration of Political Power".
E. Hansen (2015): "Political Competition with Endogneous Party Formation and Citizen Activists".
C. Bredemeier, F. Juessen & R. Winkler (2015): "Man-cessions, Fiscal Policy, and the Gender Composition of Employment". University of Cologne, Working Paper Series in Economics No. 83.
K. Christoffel & A. Schabert (2015): "Interest Rates, Money, and Banks in an Estimated Euro Area Model". European Central Bank Working Paper No. 1791.
A. Schabert (2015): "Optimal Monetary Policy, Asset Purchases, and Credit Market Frictions". European Central Bank Working Paper No. 1738.
C. Bredemeier, F. Juessen & A. Schabert (2015): "Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound". IZA Discussion Paper No. 8993.
C. Bredemeier (2015): "Household Specialization and the Labor-Supply Elasticities of Women and Men". University of Cologne, Working Paper Series in Economics No. 81.
P. Funk (2015): "Human Capital, Polarization, and Pareto-Improving Activating Welfare". University of Cologne, Working Paper Series in Economics No. 62.
P. Funk (2015): "Socially Optimal Polarization, Talent Slavery, and Income Rank Reversal". Manuscript.
M. Barbie & A. Kaul (2015): "Pareto Optimality and Existence of Monetary Equilibria in a Stochastic OLG Model: A Recursive Approach".
M. Barbie & M. Hillebrand (2015): "Bubbly Markov Equilibria".
2014
M. Hoffmann, M. Krause & P. Tillmann (2014): "International Capital Flows, External Assets, and Output Volatility". Deutsche Bundesbank Discussion Paper No. 30, revise and resubmit, Journal of International Economics.
M. Krause & T. A. Lubik (2014): "Modeling Labor Markets in Macroeconomics: Search and Matching". Federal Reserve Bank of Richmond Working Paper No. 14.
M. Groneck & F. Krehl (2014): "Bequests and Informal Long-Term Care: Evidence from the HRS Exit Interviews". University of Cologne, Working Paper Series in Economics No. 79.
L. Linnemann & A. Schabert (2014): "Liquidity Premia and Interest Rate Parity". University of Cologne, Working Paper Series in Economics No. 78.
H. Braun & B. Brügemann (2014): "Welfare Effects of Short-Time Compensation". University of Cologne, Working Paper Series in Economics No. 77.
J. Röttger (2014): "Monetary and Fiscal Policy with Sovereign Default". University of Cologne, Working Paper Series in Economics No. 74.
F. Juessen, L. Linnemann & A. Schabert (2014): "Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model". University of Cologne, Working Paper Series in Economics No. 73.
T. Schelkle (2014): "Mortgage Default during the U.S. Mortgage Crisis". University of Cologne, Working Paper Series in Economics No. 72.
D. Harenberg & A. Ludwig (2014): "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk". University of Cologne, Working Paper Series in Economics No. 71.
M. Groneck & C. Kaufmann (2014): "Relative Sectoral Prices and Population Ageing: A Common Trend". University of Cologne, Working Paper Series in Economics No. 69.
A. Ludwig & M. Schön (2014): "Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods". University of Cologne, Working Paper Series in Economics No. 65.
2013
M. Hoffmann, M. Krause & T. Laubach (2013): "The Expectation-driven U.S. Current Account Imbalance". Deutsche Bundesbank Discussion Paper No. 10, revise and resubmit, The Economic Journal.
M. Hörmann & A. Schabert (2013): "A Monetary Analysis of Balance Sheet Policies". University of Cologne, Working Paper Series in Economics No. 68.
F. Juessen & A. Schabert (2013): "Fiscal Policy, Sovereign Default, and Bailouts". University of Cologne, Working Paper Series in Economics No. 67.
M. Groneck, A. Ludwig & A. Zimper (2013): "A Life-Cycle Model with Ambiguous Survival Beliefs". University of Cologne, Working Paper Series in Economics No. 63.
D. Krueger & A. Ludwig (2013): "Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation". University of Cologne, Working Paper Series in Economics No. 60.
A. Börsch-Supan, A. Ludwig & E. Vogel (2013): "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation". University of Cologne, Working Paper Series in Economics No. 59.
2012
F. Bierbrauer (2012): "On the Incidence of a Financial Transactions Tax in a Model of Fire Sales". University of Cologne, Working Paper Series in Economics No. 55.
F. Bierbrauer & N. Netzer (2012): "Mechanism Design and Intentions". University of Cologne, Working Paper Series in Economics No. 53.