Carsten Hefeker

HWWA Institute of International Economics

Heimhuder Strasse 71

20347 Hamburg, DE Hamburg 20148

Germany

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5

Munich, DE-81679

Germany

SCHOLARLY PAPERS

36

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5,598

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24

CROSSREF CITATIONS

101

Scholarly Papers (36)

1.

Political Risk, Institutions and Foreign Direct Investment

HWWA Discussion Paper No. 315
Number of pages: 28 Posted: 21 Apr 2005
Matthias Busse and Carsten Hefeker
Ruhr-University Bochum and HWWA Institute of International Economics
Downloads 1,939 (7,859)
Citation 49

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Political risk, institutions, FDI, multinational corporations

2.

Do We Really Need Central Bank Independence? A Critical Re-Examination

University of Basel WWZ Working Paper No. 01/03
Number of pages: 33 Posted: 13 Apr 2001
Bernd Hayo and Carsten Hefeker
University of Marburg - School of Business & Economics and HWWA Institute of International Economics
Downloads 695 (36,937)
Citation 13

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Central bank independence, monetary policy

3.

Yen or Yuan? China's Role in the Future of Asian Monetary Integration

HWWA Discussion Paper No. 206
Number of pages: 35 Posted: 05 Mar 2003
Carsten Hefeker and Andreas Nabor
HWWA Institute of International Economics and HWWA Institute of International Economics
Downloads 400 (74,505)
Citation 1

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China, Asia, Monetary Integration, Exchange Rate Regimes

4.

Does Central Bank Independence Cause Low Inflation? A Sceptical View

Paolo Baffi Centre Research Paper No. 2008-04
Number of pages: 55 Posted: 21 Mar 2008 Last Revised: 25 Mar 2008
Carsten Hefeker and Bernd Hayo
HWWA Institute of International Economics and University of Marburg - School of Business & Economics
Downloads 368 (81,975)
Citation 1

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Central bank independence, monetary policy

5.

Foreign Direct Investment and Exchange Rate Regimes

Number of pages: 28 Posted: 21 Apr 2010
Matthias Busse, Carsten Hefeker and Signe Nelgen
Ruhr-University Bochum, HWWA Institute of International Economics and affiliation not provided to SSRN
Downloads 201 (154,431)
Citation 1

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Foreign Direct Investment, Multinational Enterprises, Exchanges Rate Regimes

6.

Common Monetary Policy with Asymmetric Shocks

CESifo Working Paper Series No. 705
Number of pages: 20 Posted: 17 Jun 2002
Daniel Gros and Carsten Hefeker
Centre for European Policy Studies, Brussels and HWWA Institute of International Economics
Downloads 146 (204,207)

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Monetary Policy, Monetary Union, Transmission Mechanism

Optimal Central Bank Conservatism and Monopoly Trade Unions

CESifo Working Paper Series No. 407
Number of pages: 24 Posted: 21 Mar 2001
Helge Berger, Carsten Hefeker and Ronnie Schöb
Free University Berlin - Department of Economics, HWWA Institute of International Economics and Freie Universitaet Berlin
Downloads 106 (261,754)

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Optimal Central Bank Conservatism and Monopoly Trade Unions

IMF Working Paper No. 02/44
Number of pages: 30 Posted: 30 Jan 2006
Helge Berger, Carsten Hefeker and Ronnie Schöb
Free University Berlin - Department of Economics, HWWA Institute of International Economics and Freie Universitaet Berlin
Downloads 35 (465,214)

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Central bank, monetary policy, trade unions, conservative central banker

Structural Reforms and the Enlargement of Monetary Union

CESifo Working Paper Series No. 270
Number of pages: 31 Posted: 04 Apr 2001
Carsten Hefeker
HWWA Institute of International Economics
Downloads 67 (348,658)

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Structural Reforms and the Enlargement of Monetary Union

CESifo Working Paper Series No. 1057
Number of pages: 31 Posted: 12 Nov 2003
Carsten Hefeker
HWWA Institute of International Economics
Downloads 66 (351,494)

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monetary union, asymmetric shocks, inflation, structural reforms, convergence

One Size Must Fit All: National Divergences in a Monetary Union

CESifo Working Paper Series No. 326
Number of pages: 21 Posted: 07 Feb 2001
Daniel Gros and Carsten Hefeker
Centre for European Policy Studies, Brussels and HWWA Institute of International Economics
Downloads 130 (224,876)
Citation 1

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Monetary policy, monetary union, transmission mechanism

One Size Must Fit All: National Divergences in a Monetary Union

German Economic Review, Vol. 3, pp. 247-262, 2002
Posted: 26 Jul 2003
Daniel Gros and Carsten Hefeker
Centre for European Policy Studies, Brussels and HWWA Institute of International Economics

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10.

Emu Enlargement, Policy Uncertainty and Economic Reforms

CESifo Working Paper Series No. 1767
Number of pages: 27 Posted: 09 Aug 2006
Carsten Hefeker
HWWA Institute of International Economics
Downloads 121 (236,549)

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transparency of monetary policy, ECB voting structure, European Monetary Union, optimal representation, labor market regulation

11.

Fiscal Reform and Monetary Union in West Africa

HWWA Discussion Paper No. 224
Number of pages: 30 Posted: 10 Jul 2003
Carsten Hefeker
HWWA Institute of International Economics
Downloads 121 (236,549)
Citation 1

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West Africa, Monetary Union, Fiscal Policy, Structural Reforms

12.

Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort

Number of pages: 45 Posted: 05 Apr 2006
Carsten Hefeker and Helge Berger
HWWA Institute of International Economics and Free University Berlin - Department of Economics
Downloads 116 (244,084)
Citation 1

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Bank regulation, lender of last resort, European financial markets

13.

Can Process Conditionality Enhance Aid Effectiveness? The Role of Bureaucratic Interest and Public Pressure

HWWA Discussion Paper No. 239
Number of pages: 25 Posted: 27 Aug 2003
Carsten Hefeker and Katharina Michaelowa
HWWA Institute of International Economics and University of Zurich - Centre for Comparative and International Studies (CIS)
Downloads 111 (251,931)
Citation 3

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poverty reduction, process conditionality, political economy of international organizations

14.

Between Two Poles: Matching Trade and Exchange Rate Regimes in Mercosur

HWWA Discussion Paper No. 301
Number of pages: 25 Posted: 01 Dec 2004
Matthias Busse, Carsten Hefeker and Georg Koopmann
Ruhr-University Bochum, HWWA Institute of International Economics and Hamburg Institute of International Economics
Downloads 99 (272,602)
Citation 1

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Exchange Rate Regime, Currency Board, Latin America, Mercosur

15.

Federal Monetary Policy

CESifo Working Paper Series No. 422
Number of pages: 35 Posted: 11 Apr 2001
Carsten Hefeker
HWWA Institute of International Economics
Downloads 90 (289,818)

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Monetary Union, Federalism, Monetary Policy

Project Aid or Budget Aid? The Interests of Governments and Financial Institutions

HWWA Discussion Paper No. 309
Number of pages: 26 Posted: 14 Feb 2005
Carsten Hefeker
HWWA Institute of International Economics
Downloads 64 (357,334)
Citation 1

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aid policy, conditionality, international financial institution, interest

Project Aid or Budget Aid? The Interests of Governments and Financial Institutions

Review of Development Economics, Vol. 10, No. 2, pp. 241-252, May 2006
Number of pages: 12 Posted: 08 May 2006
Carsten Hefeker
HWWA Institute of International Economics
Downloads 25 (519,374)
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17.

Labor Market Regulation and the Legal System

CESifo Working Paper Series No. 2041
Number of pages: 29 Posted: 05 Jul 2007
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 81 (309,332)

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labor market regulation, labor courts, uncertainty, unemployment

18.

Taxation, Corruption and the Exchange Rate Regime

CESifo Working Paper Series No. 2561
Number of pages: 31 Posted: 26 Feb 2009
Carsten Hefeker
HWWA Institute of International Economics
Downloads 77 (318,734)

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exchange rate regime, monetary policy, fiscal policy, seigniorage, corruption, developing and transition countries

19.

Unions, Wage Setting and Monetary Policy Uncertainty

ECB Working Paper No. 490
Number of pages: 34 Posted: 02 Jun 2005
H. P. Gruner, Bernd Hayo and Carsten Hefeker
University of Mannheim - Department of Economics, University of Marburg - School of Business & Economics and HWWA Institute of International Economics
Downloads 76 (321,148)

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Monetary policy uncertainty, centralized wage setting, union behavior

20.

One Country, One Vote? Labor Market Structure and Voting Rights in the ECB

CESifo Working Paper Series No. 1165
Number of pages: 23 Posted: 13 Apr 2004
Helge Berger and Carsten Hefeker
Free University Berlin - Department of Economics and HWWA Institute of International Economics
Downloads 69 (339,001)

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monetary policy, wage setting, European Monetary Union, European Central Bank, euro area, ECB reform, EMU enlargement, accession countries

21.

Central Bank Independence and Conservatism Under Uncertainty: Substitutes or Complements?

CESifo Working Paper Series No. 3344
Number of pages: 26 Posted: 14 Feb 2011
Carsten Hefeker and Blandine Zimmer
HWWA Institute of International Economics and University of Strasbourg - Bureau of Economic Theory and Application (BETA)
Downloads 58 (370,454)

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central bank independence, conservatism, transparency

Fiscal Transfers in a Monetary Union with Exit Option

CESifo Working Paper Series No. 5244
Number of pages: 25 Posted: 21 Mar 2015
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 54 (389,459)

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monetary union, fiscal transfer scheme, monetary policy, asymmetric shocks, exit

Fiscal Transfers in a Monetary Union with Exit Option

Review of International Economics, Vol. 23, Issue 3, pp. 489-508, 2015
Number of pages: 20 Posted: 20 Jul 2015
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 1 (696,672)
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Competition for Natural Resources and the Hold-Up Problem

CESifo Working Paper Series No. 6120
Number of pages: 22 Posted: 18 Nov 2016
Carsten Hefeker and Sebastian G. Kessing
HWWA Institute of International Economics and University of Siegen
Downloads 48 (410,779)

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foreign direct investment, natural resources, hold-up problem

Competition for Natural Resources and the Hold‐Up Problem

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 50, Issue 3, pp. 871-888, 2017
Number of pages: 18 Posted: 14 Aug 2017
Carsten Hefeker and Sebastian G. Kessing
HWWA Institute of International Economics and University of Siegen
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24.

Uncertainty, Wage Setting and Decision Making in a Monetary Union

CESifo Working Paper Series No. 1485 , HWWA Discussion Paper No. 272
Number of pages: 31 Posted: 07 May 2005
Carsten Hefeker
HWWA Institute of International Economics
Downloads 47 (407,011)

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Monetary Policy Uncertainty, Wage Setting, European Central Bank, Euro Area, Accession Countries

25.

Uncertainty and Fiscal Policy in an Asymmetric Monetary Union

CESifo Working Paper Series No. 2389
Number of pages: 24 Posted: 08 Sep 2008
Carsten Hefeker and Blandine Zimmer
HWWA Institute of International Economics and University of Strasbourg - Bureau of Economic Theory and Application (BETA)
Downloads 43 (421,831)

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monetary union, fiscal policy, transparency of monetary policy, asymmetries

26.

Optimal Conservatism and Collective Monetary Policymaking Under Uncertainty

CESifo Working Paper Series No. 4933
Number of pages: 24 Posted: 16 Sep 2014
Carsten Hefeker and Blandine Zimmer
HWWA Institute of International Economics and University of Strasbourg - Bureau of Economic Theory and Application (BETA)
Downloads 33 (463,208)

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monetary policy committees, central bank transparency, central bank conservatism, min-max

27.

Default, Electoral Uncertainty and the Choice of Exchange Regime

HWWA Discussion Paper No. 298
Number of pages: 34 Posted: 22 Nov 2004
Carsten Hefeker
HWWA Institute of International Economics
Downloads 31 (472,519)

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Debt crisis, currency crisis, exchange rate regime

28.

Stable Money and Central Bank Independence: Implementing Monetary Institutions in Postwar Germany

CESifo Working Paper No. 7892
Number of pages: 33 Posted: 23 Oct 2019
Carsten Hefeker
HWWA Institute of International Economics
Downloads 21 (532,956)

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currency reform, Bundesbank, central bank independence, institutional reform

29.

Policy Deviations, Uncertainty, and the European Court of Justice

CESifo Working Paper Series No. 4143
Number of pages: 25 Posted: 14 Mar 2013
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 17 (550,976)

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European Union law, directives, compliance, European Court of Justice, court behavior, uncertainty, legal process, European Commission

30.

Monetary Policy in EMU With Asymmetric Transmission and Non-Tradable Goods

Scottish Journal of Political Economy, Vol. 54, No. 2, pp. 268-282, May 2007
Number of pages: 15 Posted: 02 May 2007
Daniel Gros and Carsten Hefeker
Centre for European Policy Studies, Brussels and HWWA Institute of International Economics
Downloads 17 (550,976)
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31.

Non-Cooperative and Cooperative Policy Reforms Under Uncertainty Spillovers

CESifo Working Paper Series No. 6329
Number of pages: 25 Posted: 03 Mar 2017
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 15 (562,985)

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policy reforms, spillovers, policy uncertainty, free-riding, subsidy, insurance

32.

Policy Coordination Under Model Disagreement and Uncertainty

CESifo Working Paper No. 7477
Number of pages: 24 Posted: 21 Feb 2019
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 9 (601,385)

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policy coordination, uncertainty, ideological commitment, model disagreement

33.

Uncertainty and Wage Setting in a Monetary Union

Manchester School, Vol. 76, Issue 4, pp. 391-404, July 2008
Number of pages: 14 Posted: 16 Jun 2008
Carsten Hefeker
HWWA Institute of International Economics
Downloads 1 (663,960)
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34.

The Influence of Central Bank Transparency on Labor Market Regulation

The Manchester School, Vol. 82, Issue 1, pp. 17-32, 2014
Number of pages: 16 Posted: 18 Dec 2013
Carsten Hefeker and Michael Neugart
HWWA Institute of International Economics and Technische Universität Darmstadt
Downloads 0 (680,909)
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35.

Reconsidering Central Bank Independence

European Journal of Political Economy, Vol. 18, pp. 653-674, 2002
Posted: 29 Jan 2003
Bernd Hayo and Carsten Hefeker
University of Marburg - School of Business & Economics and HWWA Institute of International Economics

Abstract:

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Central bank independence, monetary policy

36.

The Dynamics of Trade Integration and the Political Value of Commitment

Oxford Economic Papers, Vol. 52, Issue 2, pp. 398-414
Posted: 30 Jul 2000
Carsten Hefeker and Daniel Gros
HWWA Institute of International Economics and Centre for European Policy Studies, Brussels

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