Publikationen

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Journal Articles and Recent Working Papers​

1. "Inflation and Inequality: New Evidence from a Dynamic Panel Threshold Analysis." (co-author: Linda Glawe), In: International Economics and Economic Policy, Vol. 21 (2024). https://link.springer.com/article/10.1007/s10368-023-00580-x
2. “New evidence on the human capital dynamics within China: Is there a human capital trap?”, (co-author: Linda Glawe), in: The Singapore Economic Review, February 2023, DOI: https://doi.org/10.1142/S0217590823500145
3. "Trajectories to high income: comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models." (co-authors: M- Murach, J. Kim, D. Park) In: Structural Change and Economic Dynamics. vol.62, Sept. 2022: 492-511. doi: https://doi.org/10.1016/j.strueco.2022.06.007 , 2022. (A previous version was published as ADB Working Paper No. 622, Asian Development Bank)
4. "The 'Double Trap' in China - Multiple Equilibria in Institutions and Income and Their Causal Relationship" (Co-author: Linda Glawe), In: Open Economies Review, first-online-publication Dec. 2022, https://doi.org/10.1007/s11079-022-09693-3 , Key Findings
5. "Is schooling the same as learning? - The impact of the learning-adjusted years of schooling on growth in a dynamic panel data framework", (co-author: Linda Glawe), in: World Development, vol. 151, March 2022, 105773. doi: https://doi.org/10.1016/j.worlddev.2021.105773
6. "New Evidence on the Impact of Institutions on Economic Development in China", (co-author: Linda Glawe) in: Institutional Change and China Capitalism, ed. by A. Le Riche et. al., pp. 137-161 (2022).
7. "Convergence, divergence, or multiple steady states? New evidence on the institutional development within the European Union", (co-author: Linda Glawe), in: Journal of Comparative Economics, vol. 49 (3), 860-884. https://doi.org/10.1016/j.jce.2021.01.006
8. "Divergence Tendencies in the European Integration Process: A Danger for the Sustainability of the E(M)U?", (co-author: Linda Glawe), in: Journal of Risk and Financial Management, vol. 14(3), 1-22. https://doi.org/10.3390/jrfm14030104
9. “The effects of external shocks on the business cycle in China: A structural change perspective”,(co-author Michael Murach), in: Review of International Economics, vol. 29(3), 681-702. https://doi.org/10.1111/roie.12527
10. "China’s „political-economy trilemma“: (How) Can it be solved?" in: SSRN No. 3746949, in "Chinese Economy", vol. 54 (2021), 311-329. DOI 10.1080I10971475.2021.1875158.
11. "Trajectories to High Income: Growth Dynamics in Japan, the People´s Republic of China, and the Republic of Korea", (co-authors: Michael Murach, Jungsuk Kim, Donghyun Park); in: ADB Economics Working Paper No. 622, Asian Development Bank: Manila. October 2020.
12. "The Middle-Income Trap 2.0: The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia", (co-author: Linda Glawe); in: Asian Economic Papers, vol. 19 (2020), issue 3, pp. 40-58.
13. „Evolution aus makroökonomischer Perspektive“ [Evolution from a macroeconomic perspective],(Helmut Wagner) in: Ökonomie und Evolution. Studien zur Entwicklung der ökonomischen Theorie XXXVI, Schriften des Vereins für Socialpolitik, ed. by Peter Spahn, Duncker & Humblot: Berlin, July 2020, pp. 119-158.
14. "Comments on Toward an Asian Monetary Fund: Ideas for Transition", in: Asian Economic Papers, vol. 19 (2020), issue 2, pp. 78-80.
15. "The role of institutional quality and human capital for economic growth across Chinese provinces - a dynamic panel data approach", (co-author: Linda Glawe); in: Journal of Chinese Economic and Business Studies, vol. 18 (04/2020): pp. 1-19.
16. "China in the middle-income trap?", (co-author: Linda Glawe); in: China Economic Review, vol. 60, April 2020.
17. "Network Topography and Default Contagion in China's Financial System", (co-author: Jens Fittje); in: SSRN Paper No. 3549926, January 2020.
18. "Structural Change, rebalancing, and the danger of a middle income trap in China", in: International Journal of China Studies, vol. 10, No. 1, June 2019, pp. 1-25
19. "China in the Middle-Income Trap?" (co-author: Linda Glawe) online first publication in: China Economic Review, Jan. 2019
20. "On the (non-) sustainability of China's development strategies", Chinese Economy 52 (2019), issue 1, pp. 1-23.
21. "The Deep Determinants of Economic Development in China - A Provincial Perspective", (co-author: Linda Glawe); in "Journal of the Asia Pacific Economy", vol. 24 (2019): pp. 484-514.
22. "A system-theoretical discussion of the (non-)sustainability of the development strategies", (Co-author Dr. Denis Stijepic), Jan 2019. Available at SSRN: https://ssrn.com/abstract=3317576 or http://dx.doi.org/10.2139/ssrn.3317576
23. "Positive trend inflation and the Phillips curve - A tale of two slopes and various impulse responses" (co-author: Dr. Katrin Heinrichs), North American Journal of Economics and Finance 47 (2019) pp. 283-307
24. "Institutional convergence in Europe" (co-author: Nina Schönfelder) Economics: The Open-Access, Open Assessment E-Journal, 13 (2019-3), pp 1-23.
25. "Impacts of intermediate trade on sector structure" (co-author: Denis Stijepic), in: The Journal of International Trade & Economic Development, vol. 16 (2018), issue 1, pp. 102-122
26. "Structural Change, rebalancing, and the danger of a middle income trap in China", BOFIT Policy Brief, 6, 2018, Bank of Finland: Institute for Economies on Transition.
27. "House-Prices and the Credit Market - Evidence from an International Panel of Industrialized Economies", SSRN Working Paper No. 3220328, July 2018 (co-author: Martin Kern).
28. "Positive Trend Inflation and the Phillips Curve. A Tale of Two Slopes and Various Impulse Responses" (co-author: Katrin Heinrichs), online-first publication in: North American Journal of Economics and Finance, May 2018, vol. 44.
29. "On Cross-System Interactions and the Sustainability of (Economic) Development", (co-author: Denis Stijepic), SSRN Paper No. 3082438, April 20, 2018. Available at SSRN: https://ssrn.com/abstract=3082438 or http://dx.doi.org/10.2139/ssrn.3082438
30. "On the (non-) sustainability of China's development strategies" [long Version], CEAMeS Discussion Paper No. 6.
31. "Avoiding the middle-income trap: Korean lessons for China?", (co-authors: Michael Murach, Jungsuk Kim and Donghyun Park), CEAMeS Discussion Paper No. 14, October 2018.
32. "The Deep Determinants of the Middle-Income Trap", SSRN Working Paper No. 3085293, December 2017 (co-author: Linda Glawe).
33. "The Deep Determinants at More Subtle Stages of Economic Development - The Example of the Middle-Income Trap", SSRN Working Paper No. 3085417, December 2017 (co-author: Linda Glawe).
34. "China Caught in the "Middle-Income Trap"?", (co-author: Linda Glawe), in: VoxChina, November 22, 2017
35. "The Building Up of New Imbalances in China: The Dilemma with 'Rebalancing'", in: International Economics and Economic Policy, vol. 14 (2017), issue 4, pp. 701-722
36. "How severe will the growth slowdown in China caused by the structural change be? An evaluation based on experiences from Japan and South Korea" (co-author: Michael Murach), in: Journal of Chinese Economic and Business Studies, vol. 15 (3), July 2017, pp. 269-287.
37. "Impacts of intermediate trade on sector structure" (co-author: Denis Stijepic), in: The Journal of International Trade & Economic Development, online-first-publilcation, July 2017, vol. 15 (2), pp. 1-21.Available at SSRN: https://ssrn.com/abstract=2134961 or http://dx.doi.org/10.2139/ssrn.2134961
38. "People's Republic of China in the Middle-Income Trap?” (co-author: Linda Glawe), in: Asian Development Bank Institute (ADBI)Working Paper Series No. 749, June 2017.
39. "Housing market boom-bust-cycles - evidence from a varying minimum cycle length" (co-autor: Martin Kern), in: Journal of Internatonal Business and Economics (JIBE), vol. 5, June 2017, pp. 23-48.
40. "Chinas Rebalancing-Dilemma", fc. in: One Belt and One Road - China and the World, Proceedings of the International Conference held in 2016 at Frankfurt University, Konfuzius-Institut Frankfurt (2017).
41. "Gefangen in der Mitte - ['Trapped in the middle-income range']" (co-author: Linda Glawe), in: Asia Bridge, April 2017.
42. "The Middle-Income Trap - Definitions, Theories and Countries Concerned: A Literature Survey" (co-author: Linda Glawe), in: Comparative Economic Studies, vol. 58, pp. 507-538 (2016)
43. "The impact of European integration on institutional development" (Co-author: N. Schönfelder), in: Journal of Economic Integration, vol. 31, Sept. 2016, pp. 472-530.
44. "China in the Middle Income Trap?" (co-author: Linda Glawe), SSRN Paper No. 2830439, August 2016, Download (PDF 574 KB)
45. "Some Results on the Stability of the Aggregate Balanced Growth Path in Neoclassical Multi-sector Growth Models" (co-author: Denis Stijepic), published online November 2016, DOI 10.13140
46. "Positive Trend Inflation and the Phillips Curve - A Tale of Two Slopes" (co-author: Katrin Heinrichs), SSRN Paper No. 2888366, 2016.
47. "The effects of external shocks on the business cycle in China: A structural change perspective" (co-author: M. Murach), SSRN Paper No. 2741579, March 2016, Download (PDF 509 KB)
48. "Structural Change and Mid-Income Trap - Under which conditions can China succeed in moving towards higher income status", in: European Journal of Comparative Economics, vol. 12, no. 2, Dec. 2015, pp. 165 - 188. Download (PDF 749 KB)
49. "The impact of European integration on institutional development" (co-author: N. Schönfelder), MPRA Paper No. 63392, 2015. Download (PDF 287 KB)
50. "Can We Expect Convergence Through Monetary Integration? (New) OCA Theory vs Empirical Evidence From European Integration", in: Comparative Economic Studies, vol. 56, no.2 (June) 2014, pp. 176-199.
51. "Challenges to China's Policy: Structural Change", in: Comparative Economic Studies, vol. 55, 2013, pp.721-736.
52. "Convergence and Divergence in the European Monetary Union", in: The Macrotheme Review, vol.2 (4), 2013
53. "A Structural Approach to Financial Stability: On the Benefical Role of Regulatory Governance", in: Journal of Governance and Regulation, vol.2, issue 1, 2013, (co-author: B. Mohr), pp.7-26.
54. „Is the European Monetary Union Sustainable? The Role of Convergence“, In: S. Kaji and E. Ogawa (eds.), Who will provide the Next Financial Model?: Asia‘s Muscle and Europe‘s Financial Maturity, Springer Japan 2013, pp. 183-218.
55. "Volatility Impact of Stock Index Futures Trading - A Revised Analysis" in: Journal of Applied Finance & Banking, Vol. 2 (5), 2012, pp. 113-126 (co-author: E. Matanovic) Download (PDF 135 KB)
56. "Is harmonization of legal rules an appropriate target? Lessons from global financial crisis" in: European Journal of Law and Economics, Vol. 33 (3), 2012, pp. 541-564 Download (PDF 118 KB)
57. "Nutzen und Kosten einer Regelbindung" in: Wirtschaftsdienst, 92. Jahrgang, Heft 3, März 2012.
58. „Structural Change Patterns and Development: China in Comparison“ , Diskussionsbeitrag der Fakultät für Wirtschaftswissenschaft der FernUniversität in Hagen, Nr. 477, January 2012.
59. "Monetary Policy and Boom-Bust Cycles: The Role of Central Bank Communication" in: Ekonomia, Vol. 14 (1), 2011 (co-author: R. Knuetter)
60. "Ungleichgewichte und internationale Politikkoordinierung" in: Wirtschaftspolitische Blätter, 3/2011, (58 Jg.), pp. 487-99
61. "Optimal Monetary Policy during Boom-Bust Cycles: The Impact of Globalization" in: International Journal of Economics and Finance, Vol. 3 (2), May 2011 (co-author: R. Knuetter), pp.34-44.
62. “Implementation of technological breakthroughs at sector level and the technology-bias”, MPRA Paper No. 33352, September 2011 (co-author: D. Stijepic). Available at SSRN: https://ssrn.com/abstract=2020279 or http://dx.doi.org/10.2139/ssrn.2020279
63. „A Structural Approach to Financial Stability: On the Beneficial Role of Regulatory Governance“ (mit B. Mohr), Diskussionsbeitrag der Fakultät für Wirtschaftswissenschaft der FernUniversität in Hagen, Nr. 467, Mai 2011.
64. "Regulatory Governance and the Framework for Safeguarding Financial Stability", in: Tavidze, A. (eds.), Progress in Economics Research, Vol. 23, New York, 2012 (co-author: B. Mohr), pp. 1-32.
65. "Monetary Policy and Boom-Bust Cycles in Asset Prices: A Literature Survey", In: Paul E. Schulz and Barbara P. Hoffmann (eds.), Financial Asset Pricing: Theory, Global Policy and Dynamics, 2012 (co-author: R. Knuetter), pp. 69-96.
66. "The Effects of Central Bank Communication on Financial Stability: A Systematization of the Empirical Evidence" Discussion Paper No. 463, Department of Economics, University of Hagen, January 2011 (Co-author: R. Knütter, B. Mohr) Download (PDF 231 KB)
67. "The causes of the recent financial crisis and the role of central banks in avoiding the next one", in International Economics and Economic Policy, vol. 7, No. 1, 2010, pp. 63-82 Download (PDF 251 KB)
68. "Monetary Policy and Boom-Bust-Cycles: The Role of Communication" (co-author R. Knütter), Diskussionsbeitrag der Fakultät für Wirtschaftswissenschaft der FernUniversität in Hagen, Nr. 453, Juni 2010. Download (PDF 180 KB)]
69. "A New Keynesian Model with Endogenous Frictions", Discussion Paper Series A No. 520, The Institute of Economic Research, Hitotsubashi University, July 2009 Download (PDF 2 MB)
70. "Globalization and Asset Prices: Which Trade-Offs. Do Central Banks Face in Small Open Economies?", Discussion Paper No. 433, Department of Economics, University of Hagen, December 2008 (co-author: R. Knütter).
71. "International Policy Coordination and Simple Monetary Policy Rules", Discussion Paper No. 434, Department of Economics, University of Hagen, October 2008 (co-author: W. Berger).
72. "Dynamic Effects of Offshoring", Discussion Paper No. 427, Department of Economics, University of Hagen, May 2008 (co-author: D. Stijepic)
73. "Globalization, Financial Volatility, and Monetary Risk Management", Working Paper, Princeton University, February 2007
74. "Monetary Policy and Asset Prices: More Bad News for 'Benign Neglect' ", in International Finance, Vol. 10 No. 1, 2007, pp. 1-20 (co-Authors: W. Berger, F. Kißmer)
75. "Information and Uncertainty in the Theory of Monetary Policy", in: SUERF Studies, vol. 2007 (1), [ Societé Universitaire Européenne de Recherches Financières. The European Money and FInance Forum. Vienna], Vienna 2007
76. "Fiscal Issues in the New EU-Member Countries - Lessons for Asian Economic and Monetary Cooperation?", (in chinese translation) in: World Economic Papers, Issue 2, 2007
77. “International Lessons for the Property Price Boom in South Africa”, in: South African Journal of Economics, Vol. 74, Issue 2, 2006(co-authors: N. Funke and F. Kißmer) Download (PDF 115 KB)
78. „International Policy Coordination and Simple Monetary Policy Rules“, IMF Working Paper WP/06/164, International Monetary Fund, Washington, D.C., 2006 (co-author: W. Berger)
79. "Fiscal Issues in the New EU-Member Countries - Prospects and Challenges", in: SUERF Studies, vol. 2006 (1), Vienna 2006
80. "Interdependent Expectations and the Spread of Currency Crises", in: IMF Staff Papers, vol. 52, no. 1, 2005, pp. 41-54 (Co-author: W. Berger)
81. "Reform in the New EU Member States - Will a 3-Pillar Pension System Work?", in: Eastern European Economics Download (PDF 3 MB), vol. 43, 2005, pp. 27-51
82. "Das Redux-Modell - eine neukeynesianische Theorie offener Volkswirtschaften" ("The Redux Model: A New Keynesian Theory of Open Economies"), in: Wisu, vol. 8-9/05, 2005 (co-author: D. Schulz)
83. "Globalization and Financial Instability", in: International Journal of Social Economics, vol. 32, no. 7, 2005, pp. 616-638
84. "Globalization, Financial Stability and Monetary Policy", in: Empirica, vol. 31, no. 2-3, 2004 (co-Autor: W. Berger)
85. "Geld- und währungspolitische Herausforderungen durch Globalisierung und Finanzmarktinstabilität", in: Jahrbuch für Wirtschaftswissenschaften, vol. 54, Heft 3, 2003, pp. 1-31
86. "Financial Globalization and Monetary Policy", in: DNB Staff Reports no. 95, De Nederlandsche Bank, Amsterdam, 2003 (co-author: W. Berger)
87. "Growth Effects of 'Heterogenous' Economic Integration : The Example of EMU-Enlargement", in Journal of Economic Integration, Volume 17, 2002, no. 4, pp. 623-649
88. "Implications of Globalization for Monetary Policy", in SUERF Studies no. 2002/17, previous version published as IMF Working Paper WP/01/184, International Monetary Fund, Washington D.C.
89. "The Road to the Euro - Exchange Rate Arrangements in Transition Economies", in: Annals of the American Academy of Political and Social Science, vol. 579, 2002, pp. 168-182 (co-author: E. Hochreiter)
90. "Spreading Currency Crises: The Role of Economic Interdependence", IMF Working Paper WP/02/144, International Monetary Fund, Washington D.C., 2002 (co-author: W. Berger)
91. "Pitfalls in the European Enlargement Process - Financial Instability and Real Divergence", Discussion Paper 06/02, Economic Research Centre of the Deutsche Bundesbank, 2002, Frankfurt/M.
92. "Braucht die EZB eine "neue" Geldpolitische Strategie?", in: List Forum für Wirtschafts- und Finanzpolitik, vol. 28 (1), 2002, pp. 1-35 (co-author: F. Kißmer)
93. "Emerging-Market-Crises - Well-known Models and New Explanations", ("Emerging Market-Krisen: Bekannte Modelle und neue Ansätze") in: List Forum für Wirtschafts- und Finanzpolitik, vol.27(2), 2001, pp. 178-193 (co-author: W. Berger)
94. "Implications of Globalization for Monetary Policy", in: IMF Working Paper, 11 / 2001 (WP 01/184).
95. "Which Exchange Rate Regimes in an Era of High Capital Mobility?", in: North American Journal of Economics and Finance, vol. 11, Issue 2, 2000, pp. 191-203 Download (PDF 1 MB)
96. "Central Banking in Transition Countries", in: Eastern European Economics, vol. 38, no. 4, 2000, pp. 6-53 [pdf]
97. "Controlling Inflation in Transition Economies: On the relevance of central bank independence and the right nominal anchor", in: Atlantic Economic Journal, vol. 27, no. 1, 2000, pp. 60-70 Download (PDF 772 KB)
98. "Central Bank Independence and the Lessons for Transition Economies from Developed and Developing Countries", in: Comparative Economic Studies, vol. 41, no. 4, 1999, pp. 1-22
99. "Inflation Targeting versus Monetary Targeting", in: Kredit und Kapital, vol. 32, Issue 4, 1999, pp. 610-632
100. "La banca central en los países en transición", in: CEMLA Boletín, vol. XLV, 1999, no. 2, pp. 49-75
101. "Inflation Targeting", in: Wirtschaftswissenschaftliches Studium (WiSt), vol. 27, 1998, pp. 295-303
102. "Central Banking in Transition Countries", IMF Working Paper WP/98/126, International Monetary Fund, Washington, D.C., 1998

Collective volume articles:

1. "Regulatory Governance and the Framework for Safeguarding Financial Stability", in: Tavidze, A. (eds.), Progress in Economics Research, Vol. 23, New York, 2012 (Co-author: B. Mohr)
2. "Monetary Policy and Boom-Bust Cycles in Asset Prices: A Literature Survey", In: Paul E. Schulz and Barbara P. Hoffmann (eds.), Financial Asset Pricing: Theory, Global Policy and Dynamics, 2012 (Co-author: R. Knuetter) [https://www.novapublishers.com/catalog/product_info.php?products_id=15549]
3. "Wirtschaftspolitische Entscheidungsfindung unter Modellunsicherheit", in: Bortfeldt, A. et al. (eds.), Intelligente Entscheidungunterstützung: Aktuelle Herausforderungen und Lösungsansätze, May 2008
4. "Endogenous Uncertainty and Monetary Policy", Discussion Paper No. 419, Department of Economics, University of Hagen, Sept. 2007 (Co-author: G. Giese)
5. "Herausforderungen der Globalisierung für die Entwicklungsländer: Unsicherheit und geldpolitisches Risikomanagement", Discussion Paper No. 410, Department of Economics, University of Hagen, 2007
6. "Beyond Balanced Growth: Some Further Results", Discussion Paper No. 409, Department of Economics, University of Hagen, 2007 (Co-author: D. Stijepic)
7. "Financial Instability and Monetary Risk Management Policy Options- Systemization and an Application", in: A.N. Kandall (ed.): International Business and Financial Issues. Nova Science Publishers, New York, 2007, S. 169-184
8. "Costs of Legal Uncertainty: Is Harmonization of Law a Good Solution?", In: United Nations Commission on International Trade Law (ed.), Modern Law for Global Governance. Congress to celebrate the 40^th annual session of UNCITRAL (Vienna, 9-12 July 2007), Studies, proposals and background papers, Vienna, pp. 29-36.
9. "Information und Unsicherheit in der Geldtheorie", in: C. Clemens et al. (eds.),Auf allen Märkten zu Hause - Gedenkschrift für Franz Haslinger, Marburg, 2006, pp. 193-231
10. " 'Human Captital': Determinante der Wirtschaftsentwicklung", in: Das Personalvermögen, Vol. 2/06, 2006
11. "Information Asymmetries, Uncertainty, an Central Bank Communication", Discussion Paper, Princeton University, September 2006
12. "Model Uncertainty and Robust Control in Monetary Theory", Working Paper, University of Hagen, August 2006
13. "Humankapital - Unwort des Jahres 2004. Eine Randnotiz", in: Mroß and Thielmann-Holzmayer
    (eds.), Zeitgemäßes Personalmanagement, Deutscher Universitätsverlag, 2005
14. "Economic Analysis of Cross-Border Legal Uncertainty: the Example of the European Union", in: J. Smits (ed.), The Need for a European Contract Law. Empirical and Legal Perspectives, Groningen: Europa Law Publishing, 2005, pp. 25-51
15. "Euro Adoption in the Accession Countries. Vulnerabilities and Strategies": Comment on Schadler (ed.), Euro Adoption in the new EU member countries, International Monetary Fund, Washington D.C., 2005
16. "Central Bank Independence and Macroeconomic Performance: A Survey of the Evidence", in: N. Healey and P. Levine (eds.), Central Banking in Eastern Europe, London: Routledge 2004 (Co-author: F. Kißmer)
17. "Die Zwei-Säulen-Strategie nach der Evaluation durch die EZB", in: M.B. Hofer, H.-K. Kotz and D.B. Simmert (eds.), Geld- und Wirtschaftspolitik in gesellschaftlicher Verantwortung, Duncker & Humblot Verlag: Berlin, 2004 (Co-Author: F. Kissmer)
18. "Wachstumsdifferentiale Deutschland - USA: Befund, Analyse und Aspekte der New Economy. - Kommentar zu Gries, T., S. Jungblut und A. Birk", in: T. Gries et. al. (eds.), Neue Wachstums- und Innovationspolitik in Deutschland und Europa, Heidelberg/New York: Physica, 2003
19. "Monetary Integration and Real Convergence", in: R. Caesar und H.-E. Scharrer (eds.), The European Economic and Monetary Union: Regional and Global Challenges, Baden-Baden: Nomos, 2001, pp. 79-95
20. "Preconditions for the Success of the European Monetary Union", in: M. Haller (ed.), The Making of the European Union. Contributions of the Social Sciences, Springer Verlag Berlin, Heidelberg, 2001, pp. 43-65
21. "Effects of Globalization on National Monetary Policy", in: A. Karmann (ed.), Financial Structure and Stability", Heidelberg/New York: Physica, 2001, pp. 34-52
22. "Globalization and Inflation", in: H. Wagner (ed.), Globalization and Unemployment, Berlin: Springer, 2000, pp. 343-388
23. "Central Banking in Transition Economies: lessons to be learned", in: Eesti Pank (Bank of Estonia) (ed.), The Role of a Central Bank in Economic Policy Management, Tallinn, 1999
24. "Economics of Labour Co-Determination in View of Corporate Governance", in: K.J. Hopt et.al. (eds.), Comparative Corporate Governance -The State of the Art and Emerging Research, Oxford: Clarendon (Oxford University) Press 1998, pp. 341-360
25. "Monetäre Integration und reale Konvergenz", in: R. Caesar und H.-E. Scharrer (eds.), Die europäische Währungsunion: Regionale und globale Herausforderungen, Bonn: Europa Union Verlag, 1998, pp. 69-84

Books:

1. "VWL- Klausuren: Ein Übungsbuch" (mit H.Turke), München und Wien: De Gruyter Oldenbourg, 5. Auflage, 2024.
2. "The Economic Rise of East Asia. Development Paths of Japan, South Korea, and China", (mit Linda Glawe), Springer, Hardcover ISBN 978-3-030-87127-7; Series ISSN 1431-1933
3. "VWL- Klausuren: Ein Übungsbuch" (mit H.Turke), München und Wien: De Gruyter Oldenbourg, 4.ed., 2020.
4. "Stabilitätspolitik. Theoretische Grundlagen und institutionelle Alternativen" , München und Wien: Oldenbourg Verlag, 11. ed. 2018
5. "VWL- Klausuren: Ein Übungsbuch" (mit H.Turke), München und Wien: Oldenbourg Verlag, 3.ed., 2016.
6. "Einführung in die Weltwirtschaftspolitik. Internationale Wirtschaftsbeziehungen - Internationale Organisation - Internationale Politikkoordinierung" , Münschen und Wien, Oldenbourg Verlag, 7. ed., 2014
7. "Stabilitätspolitik. Theoretische Grundlagen und institutionelle Alternativen" , München und Wien: Oldenbourg Verlag, 10. ed. 2014
8. "VWL- Klausuren: Ein Übungsbuch" (mit H.Turke), München und Wien: Oldenbourg Verlag, 2013.
9. "Stabilitätspolitik. Theoretische Grundlagen und institutionelle Alternativen" , München and Wien: Oldenbourg Verlag, 1989, 9. ed. 2011
10. "Einführung in die Weltwirtschaftspolitik. Internationale Wirtschaftsbeziehungen - Internationale Organisation - Internationale Politikkoordinierung" , Munich and Vienna: Oldenbourg Verlag, 6th ed., 2009
11. "Information and Uncertainty in the Theory of Monetary Policy", SUERF Studies, 2007/1, Vienna 2007
12. "Fiscal Issues in the New EU-Member Countries - Prospects and Challenges, SUERF Studies 2006/1, Vienna, 2006
13. "Übungsbuch Makroökonomie", München: Vahlen-Verlag, 2005
14. "Makroökonomie", München: Vahlen-Verlag, 2003
15. "Globalization and Unemployment", Berlin: Springer-Verlag, 2000
16. "Europäische Wirtschaftspolitik. Perspektiven einer Europäischen Wirtschafts- und Währungsunion(EWWU)", Berlin, Springer-Verlag, 2nd edition 1998
17. "Current Issues in Monetary Economics", (ed.), Heidelberg / New York : Physica - Verlag, 1998
18. "Perspectives on European Monetary Union" , Research Report no. 7, American Institute for Contemporary German Studies, Johns Hopkins University, Washington, D.C., 1998

Other selected Publications:

1. "Vertrauensbildung durch Dialog - Im Fokus: Weltwirtschaftsgipfel", in: economag (Wissenschaftsmagazin für Betriebs- und Volkswirtschaftslehre), Nr. 9/2009 [http://www.economag.de/magazin/2009/9/254+Vertrauensbildung+durch+Dialog]
2. "Die Waage und das Gleichgewicht: Stabilitätspolitik: Gestern und Heute", in: economag (Wissenschaftsmagazin für Betriebs- und Volkswirtschaftslehre), Nr. 3/2007, S. 1-6
   [ http://economag.de/magazin/2007/3/41+Die+Waage+und+das+Gleichgewicht ]
3. "Graphical Analysis of the New Neoclassical Synthesis", (September 17, 2006). Available at SSRN: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=958382 (Co-authot: G. Giese)
4. "Wettbewerb durch Vielfalt", Guest Commentary in Handelsblatt on 10.08.2004 Download (PDF 1 MB)
5. "Makro Interaktiv", Exercise course (CD-Rom) to "Makroökonomie" (Co-author: W. Laaser)
6. “Pitfalls in EMU-Enlargement”, AICGS Advisor, American Institute for Contemporary German Studies, Washington, D.C., 2003
7. "Japan als Warnung", Guest Commentary in Handelsblatt on 27.2.2003 Download (PDF 191 KB)
8. "Braucht die EZB eine 'neue' geldpolitische Strategie", in: List Forum für Wirtschafts- und Finanzpolitik, vol. 28 (1) 2002, pp.1-35 (Co-Author: Friedrich Kissmer) [A longer version came out as Discussion paper no. 315, University of Hagen, 2002]
9. "Sie rufen wieder!", Guest Commentary in Handelsblatt on 25.7.2002 Download (PDF 116 KB)
10. "Mehr Transparenz, bitte!", Guest Commentary in Handelsblatt on 22.5.2002
11. "Die Sogkraft des neuen Geldes in Europa ist groß", Guest Commentary in Handelsblatt on 8.1.2002 Download (PDF 222 KB) or: Download (PDF 646 KB)
12. "Fallstricke der E(WW)U-Erweiterung" ("The Trap of E(EM)U Expansion"), in: Finanzplatz, Issue 3/2001, Frankfurt/M., 2001 Link (deutsch), Link (english)
13. "Die Geschichte des Geldes", Book manuscript for a multi-media CD-ROM-production of Springer-Verlag (Von der Kakaobohne zum Euro), 2001
14. "New Economy and Economic Policy", started at Harvard University and NBER, Cambridge/Mass., Oct-Nov 2000
15. "Gloomy Perspectives for Germany: Why Does Germany Have Problems Following the American Example of a "New Economy"", on-line publication of AICGS: Johns Hopkins University, October 2000
16. "Ursachen und Erklärungen der Asienkrise", Discussion paper no. 286, University of Hagen, 2000 (Co-author: W. Berger)
17. "Is Inflation Targeting an Appropriate Nominal Anchor for Transition Countries?", Discussion paper no. 305, University of Hagen, 1999
18. "On the Effect of an Increase in Multiplier Uncertainty on Inflation", Discussion paper no. 285, University of Hagen, 1999
19. "Monetary Policy in Trasition Economics: On Central Bank Independence and nominal Anchors", Discussion paper no. 270, University of Hagen, 1999
20. "Inflation Targeting Versus Monetary Targeting", Discussion paper no. 258, University of Hagen, 1998
21. "Central Bank Independence and Macroeconomic Performance: A Survey of the Evidence", Discussion paper no. 255, University of Hagen, 1998 (Co-author: F. Kißmer)