Timo Wollmershaeuser

Ifo Institute for Economic Research

Dr.

Poschingerstrasse 5

Munich, 81879

Germany

http://www.ifo.de/link/wollmershaeuser_t.htm

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

SCHOLARLY PAPERS

34

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7,824

SSRN CITATIONS
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23

CROSSREF CITATIONS

176

Scholarly Papers (34)

1.

The Bmw Model: Simple Macroeconomics for Closed and Open Economies - a Requiem for the Is/Lm-As/Ad and the Mundell-Fleming Model

Wuerzburg Economics Working Paper No. 35
Number of pages: 77 Posted: 08 Apr 2003
Peter Bofinger, Eric Mayer and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 1,242 (16,070)
Citation 6

Abstract:

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monetary policy, inflation targeting, optimal interest rate rules, simple rules, managed floating, IS/LM, Mundell-Fleming

2.

The Bmw Model: A New Framework for Teaching Monetary Macroeconomics in Closed and Open Economies

Wuerzburg Economic Papers No. 34
Number of pages: 38 Posted: 26 Aug 2002
University of Würzburg - Institute of Economics and Social Sciences, Ifo Institute for Economic Research, University of Würzburg - Institute of Economics and Social Sciences, University of Applied Sciences, Munich and University of Würzburg - Institute of Economics and Social Sciences
Downloads 928 (24,775)
Citation 3

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IS/LM model, AS/AD-model, macroeconomic teaching, inflation targeting, Mundell-Fleming model, Taylor rule

3.

Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level

Number of pages: 40 Posted: 19 Dec 2005
Peter Bofinger, Eric Mayer and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 799 (30,589)
Citation 2

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open economy, inflation targeting, monetary policy rules, New Keynesian macroeconomics

Managed Floating: Understanding the New International Monetary Order

Wuerzburg Economic Working Paper No. 30
Number of pages: 82 Posted: 28 Jun 2001
Peter Bofinger and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 444 (65,168)
Citation 11

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exchange rate regime, monetary policy, interventions, sterilization, floating, Monetary Conditions Index

Managed Floating: Understanding the New International Monetary Order

CEPR Discussion Paper No. 3064
Number of pages: 66 Posted: 03 Dec 2001
Peter Bofinger and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 24 (526,635)
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Exchange rate regime, monetary policy, interventions, sterilization, floating, monetary conditions index

5.

Monetary Policy and Exchange Rate Targeting in Open Economies

Wuerzburg Economic Working Paper No. 14
Number of pages: 27 Posted: 11 Apr 2000
Peter Bofinger and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 406 (73,436)
Citation 2

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6.

Quantifying Inflation Expectations with the Carlson-Parkin Method - a Survey-Based Determination of the Just Noticeable Difference

Number of pages: 32 Posted: 16 Dec 2005
Steffen Henzel and Timo Wollmershaeuser
Ifo Institute for Economic Research and Ifo Institute for Economic Research
Downloads 295 (105,254)
Citation 1

Abstract:

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Inflation Expectations, Survey Data, Quantification Methods

7.

A Theory of Managed Floating

Number of pages: 36 Posted: 11 Apr 2005
Timo Wollmershaeuser
Ifo Institute for Economic Research
Downloads 295 (105,254)

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managed floating , foreign exchange market interventions , inflation targeting , interest rate rules , monetary conditions index

The Bmw Model as a Static Approximation of a Forward-Looking New Keynesian Macroeconomic Model

Wuerzburg Economics Working Paper No. 42
Number of pages: 22 Posted: 05 Feb 2004
Peter Bofinger, Eric Mayer and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 270 (115,010)
Citation 1

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BMW model, New Keynesian macroeconomic model, optimal monetary policy

The Bmw Model as a Static Approximation of a Forward-Looking New-Keynesian Macroeconomic Model

Review of Economics, Vol. 54, No. 3, pp. 231-247, 2003
Posted: 08 Apr 2005
Peter Bofinger, Eric Mayer and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research

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BMW model, New Keynesian macroeconomic model, optimal monetary policy

9.

Monetary Policy Transmission and House Prices: European Cross-Country Evidence

CESifo Working Paper Series No. 2750
Number of pages: 41 Posted: 12 Aug 2009
Kai Carstensen, Oliver Hülsewig and Timo Wollmershaeuser
University of Kiel - Institute of Statistics and Econometrics, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 249 (125,787)
Citation 1

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panel VAR model, house prices, monetary policy transmission, country clusters, sign restrictions

10.

Does the Euro-Zone Diverge? A Stress Indicator for Analyzing Trends and Cycles in Real GDP and Inflation

CESifo Working Paper Series No. 1937
Number of pages: 38 Posted: 28 Mar 2007
Gebhard Flaig and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) and Ifo Institute for Economic Research
Downloads 233 (134,425)

Abstract:

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stress indicator, Taylor rule, monetary union, divergence, trends, cycles

11.

The Stress of Having a Single Monetary Policy in Europe

CESifo Working Paper Series No. 2251, KOF Working Paper No. 190
Number of pages: 45 Posted: 19 Mar 2008
Jan-Egbert Sturm and Timo Wollmershaeuser
KOF Swiss Economic Institute, ETH Zurich and Ifo Institute for Economic Research
Downloads 224 (139,648)
Citation 2

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Taylor rule, monetary policy, ECB, stress, business cycle synchronisation

12.

Target Loans, Current Account Balances and Capital Flows: The ECB's Rescue Facility

CESifo Working Paper Series No. 3500
Number of pages: 47 Posted: 11 Jul 2011
Hans-Werner Sinn and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) and Ifo Institute for Economic Research
Downloads 218 (143,360)

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Should Central Banks React to Exchange Rate Movements? An Analysis of the Robustness of Simple Policy Rules Under Exchange Rate Uncertainty

Number of pages: 48 Posted: 28 Mar 2003
Timo Wollmershaeuser
Ifo Institute for Economic Research
Downloads 210 (148,207)
Citation 1

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Exchange rate uncertainty; Robustness; Simple policy rules

Should Central Banks React to Exchange Rate Movements? An Analysis of the Robustness of Simple Policy Rules Under Exchange Rate Uncertainty

Journal of Macroeconomics, Forthcoming
Posted: 08 Apr 2005
Timo Wollmershaeuser
Ifo Institute for Economic Research

Abstract:

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Exchange rate uncertainty, Robustness, Simple policy rules

14.

Fiscal Divergence and Current Account Imbalances in Europe

CESifo Working Paper Series No. 4108
Number of pages: 39 Posted: 19 Feb 2013
Gunther Schnabl and Timo Wollmershaeuser
University of Leipzig - Institute for Economic Policy and Ifo Institute for Economic Research
Downloads 189 (163,782)

Abstract:

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Europe, EMU, EMS, current account imbalances, exchange rate adjustment, credit mechanisms, European debt crisis

15.

Bank Behavior and the Cost Channel of Monetary Transmission

CESifo Working Paper Series No. 1813
Number of pages: 46 Posted: 18 Oct 2006
Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
University of Applied Sciences, Munich, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 182 (169,497)

Abstract:

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bank behavior, cost channel, minimum distance estimation

16.

Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis

CESifo Working Paper Series No. 4051
Number of pages: 21 Posted: 17 Jan 2013
Hans-Werner Sinn and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) and Ifo Institute for Economic Research
Downloads 181 (170,375)
Citation 2

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monetary union, balance of payments, financial account, capital flight, target

17.

Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses

CESifo Working Paper Series No. 1380
Number of pages: 28 Posted: 14 Jan 2005
Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
University of Applied Sciences, Munich, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 178 (172,878)
Citation 1

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Monetary policy transmission, credit channel, loan supply, loan demand, minimum distance estimation

Sterilized Foreign Exchange Market Interventions in a Chartist-Fundamentalist Exchange Rate Model

Wuerzburg Economic Working Paper No. 50
Number of pages: 31 Posted: 19 Mar 2004
Robert Schmidt and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 174 (176,436)
Citation 1

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Foreign exchange, central bank intervention, heterogeneous expectation

Sterilized Foreign Exchange Market Interventions in a Chartist-Fundamentalist Exchange Rate Model

Kredit und Kapital, Vol. 38, No. 1, pp. 53-85, 2005
Posted: 08 Apr 2005
Robert Schmidt and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research

Abstract:

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Foreign exchange, central bank intervention, heterogeneous expectation

19.

The New Keynesian Phillips Curve and the Role of Expectations: Evidence from the Ifo World Economic Survey

CESifo Working Paper Series No. 1694
Number of pages: 41 Posted: 05 Apr 2006
Timo Wollmershaeuser and Steffen Henzel
Ifo Institute for Economic Research and Ifo Institute for Economic Research
Downloads 171 (179,090)

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inflation expectations, survey data, euro zone, Phillips curve

20.

The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?

CESifo Working Paper Series No. 2039
Number of pages: 53 Posted: 05 Jul 2007
Steffen Henzel, Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
Ifo Institute for Economic Research, University of Applied Sciences, Munich, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 129 (225,925)

Abstract:

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price puzzle, New Keynesian model, cost channel, minimum distance estimation

21.

Target Loans, Current Account Balances and Capital Flows: The Ecb's Rescue Facility

NBER Working Paper No. w17626
Number of pages: 42 Posted: 25 Nov 2011 Last Revised: 05 Dec 2011
Hans-Werner Sinn and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) and Ifo Institute for Economic Research
Downloads 119 (240,066)
Citation 6

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22.

The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis

CESifo Working Paper Series No. 3964
Number of pages: 42 Posted: 24 Oct 2012
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 106 (260,840)
Citation 2

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Euro Area, global financial crisis, interest rate pass-through, panel vector autoregressive model, sign restrictions, structural break, DSGE model

23.

Exchange Rate Policies for the Transition to Emu

Urmas Sepp and Martti Randveer (eds.), "Alternative Monetary Regimes in Entry to EMU", Bank of Estonia, pp. 95-132, 2002
Number of pages: 38 Posted: 06 Apr 2005
Peter Bofinger and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 96 (278,777)

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Inflation targeting, Open economy, Managed floating, ERM 2

24.

Price Dispersion in the Euro Area: The Case of a Symmetric Oil Price Shock

CESifo Working Paper Series No. 2718
Number of pages: 37 Posted: 22 Jul 2009
Kai Carstensen, Oliver Hülsewig and Timo Wollmershaeuser
University of Kiel - Institute of Statistics and Econometrics, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 93 (284,527)

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pass-through, oil price shock, euro area inflation, heterogeneity, panel VAR model

25.

Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program

CESifo Working Paper Series No. 4628
Number of pages: 32 Posted: 06 Mar 2014
Nikolay Hristov, Oliver Hülsewig, Thomas Siemsen and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, University of Applied Sciences, Munich, Ludwig Maximilian University of Munich (LMU) and Ifo Institute for Economic Research
Downloads 81 (310,046)

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European Central Bank, OMT program, time varying parameter vector autoregressive model, interest rate pass-through

26.

Loan Supply Shocks During the Financial Crisis: Evidence for the Euro Area

CESifo Working Paper Series No. 3395
Number of pages: 42 Posted: 04 Apr 2011
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 78 (317,041)
Citation 4

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Euro Area, panel vector autoregressive model, sign restrictions, loan supply shocks

27.

Forecasting Euro Area Real GDP: Optimal Pooling of Information

CESifo Working Paper Series No. 2371
Number of pages: 30 Posted: 03 Sep 2008
Oliver Hülsewig, Johannes Mayr and Timo Wollmershaeuser
University of Applied Sciences, Munich, Ifo Institute for Economic Research and Ifo Institute for Economic Research
Downloads 66 (347,837)

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forecasting, aggregation, model averaging, real time experiment

28.

A Micro Data Aproach to the Identification of Credit Crunches

CESifo Working Paper Series No. 3159
Number of pages: 41 Posted: 20 Aug 2010
Horst Rottmann and Timo Wollmershaeuser
University of Applied Sciences Amberg-Weiden and Ifo Institute for Economic Research
Downloads 62 (359,185)

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Credit Crunch, Loan Supply, Surveys, Nonlinear Binary Outcome Panel-Data Models

29.

Capital Flows in the Euro Area and TARGET2 Balances

CESifo Working Paper Series No. 6877
Number of pages: 32 Posted: 06 Apr 2018
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 44 (418,904)

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euro area, TARGET2 balances, capital inflow shocks, panel vector autoregressive model

30.

Financial Frictions and Inflation Differentials in a Monetary Union

CESifo Working Paper Series No. 3235
Number of pages: 52 Posted: 10 Nov 2010
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 38 (442,691)

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monetary union, inflation, differentials, collateral constraints, cross-country heterogeneity, household indebtedness

31.

Financial Frictions and Inflation Differentials in a Monetary Union

The Manchester School, Vol. 82, Issue 5, pp. 549-595, 2014
Number of pages: 47 Posted: 09 Aug 2014
Oliver Hülsewig and Timo Wollmershaeuser
University of Applied Sciences, Munich and Ifo Institute for Economic Research
Downloads 0 (682,176)
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32.

The Bmw Model: A New Framework for Teaching Monetary Economics

Journal of Economic Education, Forthcoming
Posted: 08 Apr 2005
Peter Bofinger, Eric Mayer and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research

Abstract:

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inflation targeting, monetary policy, New Keynesian macroeconomics, optimal interest rate rules, simple rules

33.

Managed Floating as a Monetary Policy Strategy

Economics of Planning, Vol. 36, No. 2, pp. 81-109, 2003
Posted: 07 Feb 2004
Timo Wollmershaeuser and Peter Bofinger
Ifo Institute for Economic Research and University of Würzburg - Institute of Economics and Social Sciences

Abstract:

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Exchange rate regime, floating, interventions, monetary conditions index, monetary policy, sterilization

34.

Is There a Third Way to Emu for the EU Accession Countries?

Economic Systems, Vol. 25, No. 3, pp. 253-274, 2001
Posted: 24 Jun 2001
Peter Bofinger and Timo Wollmershaeuser
University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research

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flexible exchange rate targeting, two corner solution, MCI, capital flows, CEEC5