Guntram B. Wolff

Deutsche Bundesbank

Wilhelm-Epstein-Str. 14

Frankfurt/Main, 60431

Germany

University of Bonn - Center for European Integration Studies (ZEI)

Regina-Pacis-Weg 3

Postfach 2220

D-53012 Bonn

Germany

http://www.uni-bonn.de/~guntram

SCHOLARLY PAPERS

13

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134

Scholarly Papers (13)

Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

CESifo Working Paper Series No. 1732
Number of pages: 40 Posted: 13 Jun 2006
Kerstin Bernoth and Guntram B. Wolff
German Institute for Economic Research (DIW Berlin) and Deutsche Bundesbank
Downloads 476 (55,510)
Citation 8

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risk premia, government bond yields, creative accounting, stock-flow adjustments, gimmickry, transparency

Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

Bundesbank Series 1 Discussion Paper No. 2006,19
Number of pages: 56 Posted: 08 Jun 2016
Kerstin Bernoth and Guntram B. Wolff
German Institute for Economic Research (DIW Berlin) and Deutsche Bundesbank
Downloads 27 (475,741)
Citation 8

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Risk premia, government bond yields, creative accounting, stock-flow adjustments, gimmickry, transparency

Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

Scottish Journal of Political Economy, Vol. 55, No. 4, pp. 465-487, September 2008
Number of pages: 23 Posted: 04 Aug 2008
Kerstin Bernoth and Guntram B. Wolff
German Institute for Economic Research (DIW Berlin) and Deutsche Bundesbank
Downloads 3 (626,674)
Citation 8
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Downloads 225 (129,886)
Citation 14

Banking and Sovereign Risk in the Euro Area

Bundesbank Series 1 Discussion Paper No. 2010,09
Number of pages: 68 Posted: 08 Jun 2016
Stefan Gerlach, Alexander Schulz and Guntram B. Wolff
Central Bank of Ireland, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 185 (156,039)
Citation 14

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Sovereign bond markets, banking, liquidity, EMU

Banking and Sovereign Risk in the Euro Area

CEPR Discussion Paper No. DP7833
Number of pages: 53 Posted: 19 Jul 2010
Stefan Gerlach, Alexander Schulz and Guntram B. Wolff
Central Bank of Ireland, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 40 (415,644)
Citation 14
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banking, EMU, liquidity, sovereign bond markets

3.

The German Sub-National Government Bond Market: Evolution, Yields and Liquidity

Bundesbank Series 1 Discussion Paper No. 2008,06
Number of pages: 36 Posted: 08 Jun 2016
Alexander Schulz and Guntram B. Wolff
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 33 (434,996)
Citation 1

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sovereign bond market, yields, liquidity, fiscal federalism, Germany

4.

The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany: A Disaggregated SVAR Analysis

Bundesbank Series 1 Discussion Paper No. 2006,41
Number of pages: 56 Posted: 08 Jun 2016
Guntram B. Wolff, Joern Tenhofen and Kirsten Heppke-Falk
Deutsche Bundesbank, University of Bonn and Deutsche Bundesbank
Downloads 28 (457,766)
Citation 13

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Fiscal policy, government spending, net revenue, policy anticipation, structural vector autoregression

5.

What Do Deficits Tell Us About Debts? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU

CEPR Discussion Paper No. 4759
Number of pages: 25 Posted: 15 Feb 2005
Jürgen von Hagen and Guntram B. Wolff
University of Bonn - Institute of Economic Policy and Deutsche Bundesbank
Downloads 27 (462,703)
Citation 28
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Fiscal rules, stock-flow adjustments, debt-deficit adjustments, stability and growth pact, excessive deficit procedures, ESA 95

6.

Does Anticipation of Government Spending Matter? Evidence from an Expectation Augmented VAR

Bundesbank Series 1 Discussion Paper No. 2007,14
Number of pages: 40 Posted: 08 Jun 2016
Jörn Tenhofen and Guntram B. Wolff
Swiss National Bank and Deutsche Bundesbank
Downloads 20 (500,452)
Citation 2

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Fiscal policy, government spending, net revenue, policy anticipation, structural vector autoregression

7.

Sovereign Bond Market Integration: The Euro, Trading Platforms and Globalization

Bundesbank Series 1 Discussion Paper No. 2008,12
Number of pages: 64 Posted: 08 Jun 2016
Alexander Schulz and Guntram B. Wolff
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 16 (522,510)
Citation 3

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sovereign bond market, bond market integration, EMU, electronic trading

8.

Fiscal Institutions, Fiscal Policy and Sovereign Risk Premia

Bundesbank Series 1 Discussion Paper No. 2006,35
Number of pages: 44 Posted: 08 Jun 2016
Mark Hallerberg and Guntram B. Wolff
Emory University - Department of Political Science and Deutsche Bundesbank
Downloads 15 (528,186)
Citation 23

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Budget institutions, fiscal rules, sovereign risk premia, EMU, fiscal policy, government bond yields

9.

What Do Deficits Tell Us About Debt? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU

Bundesbank Series 1 Discussion Paper No. 2004,38
Number of pages: 40 Posted: 08 Jun 2016
Jürgen von Hagen and Guntram B. Wolff
University of Bonn - Institute of Economic Policy and Deutsche Bundesbank
Downloads 15 (528,186)
Citation 27

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Fiscal rules, stock-flow adjustments, debt-deficit adjustments, stability and growth pact, excessive deficit procedure, ESA 95

10.

Heterogeneity in Money Holdings Across Euro Area Countries: The Role of Housing

Bundesbank Series 1 Discussion Paper No. 2010,04
Number of pages: 44 Posted: 08 Jun 2016
Ralph Setzer, Paul van den Noord and Guntram B. Wolff
European Central Bank (ECB), Organization for Economic Co-Operation and Development (OECD) and Deutsche Bundesbank
Downloads 14 (533,883)

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Money, housing, national contribution, euro area

Moral Hazard and Bail-Out in Fiscal Federations: Evidence for the German Länder

Bundesbank Series 1 Discussion Paper No. 2007,07
Number of pages: 48 Posted: 08 Jun 2016
Kirsten Heppke-Falk and Guntram B. Wolff
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 10 (580,060)
Citation 8

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moral hazard, bail-out, sovereign bond spreads, fiscal federalism, Germany

Moral Hazard and Bail-Out in Fiscal Federations: Evidence for the German Länder

Kyklos, Vol. 61, Issue 3, pp. 425-446, August 2008
Number of pages: 22 Posted: 18 Jul 2008
Kirsten Heppke-Falk and Guntram B. Wolff
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 3 (626,674)
Citation 9
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12.

Foreign Direct Investment in the Enlarged EU: Do Taxes Matter and to What Extent?

Bundesbank Series 1 Discussion Paper No. 2006,13
Number of pages: 60 Posted: 08 Jun 2016
Guntram B. Wolff
Deutsche Bundesbank
Downloads 10 (556,530)
Citation 5

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Foreign direct investment, FDI, corporate taxes, sample selection model, profit re-allocation

13.

Testing for Contemporary Fiscal Policy Discretion with Real Time Data

Bundesbank Series 1 Discussion Paper No. 2007,24
Number of pages: 36 Posted: 08 Jun 2016
Ulf von Kalckreuth and Guntram B. Wolff
Deutsche Bundesbank - Economic Research Centre and Deutsche Bundesbank
Downloads 7 (573,561)
Citation 1

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discretionary fiscal policy, real-time data, government spending, structural vector autoregression