Bernd Hayo

University of Marburg - School of Business & Economics

Universitaetsstr. 24

Marburg, D-35032

Germany

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SCHOLARLY PAPERS

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114

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178

Scholarly Papers (89)

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1.

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 702 (37,571)
Citation 13

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Central bank independence, monetary policy

2.

Explaining De Facto Judicial Independence

Downloads 633 ( 43,222)
Citation 19

Explaining De Facto Judicial Independence

Volkswirtschaftliche Diskussionsbeitraege des Fachbereichs No. 46/03
Number of pages: 34 Posted: 23 Jun 2003
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 353 (87,895)
Citation 8

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Judicial independence, informal institutions, formal institutions

Explaining De Facto Judicial Independence

International Review of Law and Economics, Forthcoming
Number of pages: 29 Posted: 11 May 2006
Stefan Voigt and Bernd Hayo
University of Hamburg - Institute of Law & Economics and University of Marburg - School of Business & Economics
Downloads 280 (113,606)

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Judicial independence, informal institutions, formal institutions

3.

Determinants of Constitutional Change: Why do Countries Change Their Form of Government?

Downloads 448 ( 66,867)
Citation 13

Determinants of Constitutional Change: Why do Countries Change Their Form of Government?

Number of pages: 43 Posted: 03 Mar 2010
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 328 (95,487)
Citation 1

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Constitutional change, institutional dynamics, form of government, endogenous constitutions, separation of powers

Determinants of Constitutional Change: Why Do Countries Change Their Form of Government?

CESifo Working Paper Series No. 3087
Number of pages: 50 Posted: 23 Jun 2010
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 120 (245,321)
Citation 1

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constitutional change, institutional dynamics, form of government, endogenous constitutions, separation of powers

4.

Inflation Culture, Central Bank Independence and Price Stability

Downloads 420 ( 72,321)
Citation 2

Inflation Culture, Central Bank Independence and Price Stability

Number of pages: 50 Posted: 20 Jan 1998
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 420 (71,664)
Citation 2

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Inflation Culture, Central Bank Independence and Price Stability

European Journal of Political Economy
Posted: 09 Apr 1998
Bernd Hayo
University of Marburg - School of Business & Economics

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5.

The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets

Downloads 398 ( 77,090)
Citation 11

The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets

William Davidson Institute Working Paper No. 656
Number of pages: 34 Posted: 16 Mar 2004
Bernd Hayo and Ali M. Kutan
University of Marburg - School of Business & Economics and Southern Illinois University at Edwardsville
Downloads 373 (82,382)
Citation 4

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Financial market behavior, financial market integration, stock market returns, bonds market returns, news, emerging markets, transition economies

The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets

Economics of Transition, Vol. 13, No. 2, pp. 373-393, 2005
Number of pages: 21 Posted: 31 Mar 2005
Bernd Hayo and Ali M. Kutan
University of Marburg - School of Business & Economics and Southern Illinois University at Edwardsville
Downloads 25 (532,017)
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6.

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 373 (83,101)
Citation 1

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Central bank independence, monetary policy

7.

Happiness in Eastern Europe

Marburg Economic Working Paper No. 12
Number of pages: 23 Posted: 11 Oct 2004
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 368 (84,420)
Citation 9

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Happiness, well-being, transition countries, Eastern Europe

8.

Determinants of Constitutionally Safeguarded Judicial Review – Insights Based on a New Indicator

Number of pages: 43 Posted: 21 Oct 2011
Jerg Gutmann, Bernd Hayo and Stefan Voigt
University of Hamburg - Institute of Law and Economics, University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 325 (97,129)
Citation 2

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Constitutional Review, Judicial Independence, Constitutional Choice, Constitutional Change

9.

Industry Effects of Monetary Policy in Germany

Number of pages: 32 Posted: 11 Aug 1999
Bernd Hayo and Birgit Uhlenbrock
University of Marburg - School of Business & Economics and University of Bonn
Downloads 275 (116,372)
Citation 15

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10.

Estimating a European Demand for Money

Downloads 268 (119,504)
Citation 1

Estimating a European Demand for Money

Number of pages: 32 Posted: 20 Aug 1999
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 268 (118,893)
Citation 1

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Estimating a European Demand for Money

Scottish Journal of Political Economy, Vol. 46, No. 3, Pp. 221-244
Posted: 02 Dec 1999
Bernd Hayo
University of Marburg - School of Business & Economics

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11.

The Relevance of Judicial Procedure for Economic Growth

CESifo Working Paper Series No. 2514
Number of pages: 36 Posted: 21 Dec 2008
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 251 (127,993)

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judicial procedure, legal formalism, judicial independence, rule of law, investment, growth

12.

The Demand for Money in Austria

Downloads 204 (156,437)
Citation 1

The Demand for Money in Austria

Number of pages: 31 Posted: 23 Mar 1999
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 204 (156,227)
Citation 1

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The Demand for Money in Austria

Empirical Economics, Vol. 25, Issue 4, 2000
Posted: 04 May 2001
Bernd Hayo
University of Marburg - School of Business & Economics

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Monetary economics, money demand, Austria, European Monetary Union

13.

Money-Output Causality Revisited: An Empirical Analysis of EU Countries

Downloads 202 (157,873)
Citation 2

Money-Output Causality Revisited: An Empirical Analysis of EU Countries

Number of pages: 25 Posted: 20 Aug 1998
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 202 (157,666)
Citation 2

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Money-Output Causality Revisited: An Empirical Analysis of EU Countries

Applied Economics
Posted: 09 Nov 1998
Bernd Hayo
University of Marburg - School of Business & Economics

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14.

Inflation, Central Bank Independence and the Legal System

ICER Working Paper No. 2 - 2005
Number of pages: 37 Posted: 20 May 2005
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 193 (164,664)
Citation 6

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Judicial Independence, Legal Trust, Central Bank Independence, Inflation

15.

Investor Panic, IMF Actions, and Emerging Stock Market Returns and Volatility

ZEI Working Paper No. B01-27
Number of pages: 31 Posted: 08 Dec 2001
Bernd Hayo and Ali M. Kutan
University of Marburg - School of Business & Economics and Southern Illinois University at Edwardsville
Downloads 182 (173,694)

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IMF news, stock market returns, emerging markets, financial markets

16.

Daily CDS Pricing in Emerging Markets Before and During the Global Financial Crisis

Number of pages: 25 Posted: 22 Sep 2011 Last Revised: 08 May 2012
Ingo Fender, Bernd Hayo and Matthias Neuenkirch
Bank for International Settlements (BIS), University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 179 (176,272)
Citation 3

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Credit default swaps, emerging markets, financial crisis, spillovers

17.

Monetary Policy in the Euro Area - Lessons from the First Years

ZEI Working Paper No. B09-2002
Number of pages: 26 Posted: 11 Sep 2002
Volker Clausen and Bernd Hayo
University of Duisburg-Essen - Faculty of Economic Science and University of Marburg - School of Business & Economics
Downloads 179 (176,272)
Citation 9

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European Monetary Union, Monetary policy, Semi-structural modelling, Reaction function, Taylor rule, Transmission mechanism

18.

Financial Market Reaction to Federal Reserve Communications: Does the Crisis Make a Difference?

Joint Discussion Paper Series in Eonomics No. 08-2008
Number of pages: 18 Posted: 07 Jul 2008 Last Revised: 30 Jan 2012
Bernd Hayo, Ali M. Kutan and Matthias Neuenkirch
University of Marburg - School of Business & Economics, Southern Illinois University at Edwardsville and University of Trier - Faculty of Economics
Downloads 177 (177,979)
Citation 6

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Central Bank Communication, Federal Reserve, Financial Crisis, Financial Markets, Monetary Policy

19.

The Impact of News, Oil Prices, and International Spillovers on Russian Financial Markets

University of Bonn ZEI Working Paper No. B02-20
Number of pages: 32 Posted: 22 Nov 2003
Bernd Hayo and Ali M. Kutan
University of Marburg - School of Business & Economics and Southern Illinois University at Edwardsville
Downloads 168 (186,295)
Citation 3

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financial market behavior, financial market integration, stock market returns, bonds market returns, news, emerging markets, transition economies

20.

Asymmetric Monetary Policy Effects in Emu

University of Bonn, ZEI Working Paper No. B04-2002
Number of pages: 27 Posted: 20 Mar 2002
Bernd Hayo and Volker Clausen
University of Marburg - School of Business & Economics and University of Duisburg-Essen - Faculty of Economic Science
Downloads 162 (192,117)
Citation 3

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European Monetary Union, Monetary Policy, Semi-structural modelling

21.

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Downloads 156 (198,474)
Citation 2

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

SPP Working Paper No. 363
Number of pages: 29 Posted: 12 Jun 2002
Bernd Hayo and Doh Chull Shin
University of Marburg - School of Business & Economics and University of Missouri at Columbia - Department of Political Science
Downloads 156 (198,760)
Citation 2

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South Korea, financial crisis, public opinion, economic reform strategies

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Socio-Economic Review, Vol. , pp. -,
Posted: 29 Feb 2008
Bernd Hayo
University of Marburg - School of Business & Economics

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22.

Mapping Constitutionally Safeguarded Judicial Independence — A Global Survey

Number of pages: 34 Posted: 15 Dec 2010
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 145 (210,962)
Citation 2

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Judicial Independence, Constitutional Choice, Constitutional Change

23.

Knowledge and Attitude Towards European Monetary Union

Downloads 144 (212,095)

Knowledge and Attitude Towards European Monetary Union

Number of pages: 14 Posted: 10 Dec 1998
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 144 (212,577)

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Knowledge and Attitude Towards European Monetary Union

Journal of Policy Modeling
Posted: 10 Dec 1998
Bernd Hayo
University of Marburg - School of Business & Economics

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24.

Monetary Policy Reaction Functions: ECB Versus Bundesbank

ZEI Working Paper No. B03-24
Number of pages: 21 Posted: 28 Dec 2003
Bernd Hayo and Boris Hofmann
University of Marburg - School of Business & Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 137 (220,739)
Citation 6

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Taylor rule, monetary policy, ECB, Bundesbank

25.

Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe

ZEI Working Paper B25/1999
Number of pages: 36 Posted: 31 Jan 2000
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 125 (236,990)
Citation 6

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26.

Subjective Economic Well-Being in Eastern Europe

University of Essen, Economics Department, Working Paper No. 120
Number of pages: 27 Posted: 20 Mar 2002
Bernd Hayo and Wolfgang Seifert
University of Marburg - School of Business & Economics and Government of Brandenburg State, Germany - State Office for Data Processing and Statistics
Downloads 124 (238,380)
Citation 12

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Eastern Europe, Economic Well-being, Happiness, Economic Transformation

27.

Comparing Monetary Policy Reaction Functions: ECB Versus Bundesbank

Marburg Economics Working Paper No. 02-2005
Number of pages: 23 Posted: 28 Apr 2005
Bernd Hayo and Boris Hofmann
University of Marburg - School of Business & Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 117 (248,975)
Citation 10

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Taylor rule, monetary policy, ECB, Bundesbank

28.

Determinants of European Stock Market Integration

Downloads 116 (250,479)
Citation 2

Determinants of European Stock Market Integration

MAGKS Working Paper No. 32-2009
Number of pages: 10 Posted: 25 Jul 2009
David Buettner and Bernd Hayo
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
Downloads 116 (251,648)
Citation 2

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stock market integration, European unification, DCC-MGARCH model

Determinants of European Stock Market Integration

Economic Systems, Vol. 35, No. 4, 2011
Posted: 13 Mar 2012
David Buettner and Bernd Hayo
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics

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Stock market integration, European unification, DCC-MGARCH model

29.

Fiscal Equalisation: Principles and an Application to the European Union

CESifo Working Paper Series No. 845; Bamberg University, Berg Working Paper No. 38
Number of pages: 30 Posted: 13 Jan 2002
Bernd Hayo and Matthias Wrede
University of Marburg - School of Business & Economics and University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - Institute of Economics
Downloads 114 (253,526)

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Fiscal Equalisation, European Union

30.

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Downloads 110 (259,999)
Citation 1

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Essen University Economics Dept. Working Paper No. 121
Number of pages: 19 Posted: 03 May 2002
Bernd Hayo and Doh Chull Shin
University of Marburg - School of Business & Economics and University of Missouri at Columbia - Department of Political Science
Downloads 110 (261,319)
Citation 1

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IMF, Korea, policy reform, financial crisis, public opinion

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Journal of Policy Reform, Vol. 5, No. 2, pp. 89-100, 2002
Posted: 12 Feb 2003
Bernd Hayo and Doh Chull Shin
University of Marburg - School of Business & Economics and University of Missouri at Columbia - Department of Political Science

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IMF, Korea, policy reform, financial crisis, public opinion

31.

The Impact of Foreign Macroeconomic News on Financial Markets in the Czech Republic, Hungary, and Poland

MAGKS Working Paper No. 03-2009
Number of pages: 21 Posted: 04 Feb 2009 Last Revised: 01 Dec 2010
David Buettner, Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics, University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 106 (266,882)

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Czech Republic, European Monetary Union, Financial Markets, Hungary, Macroeconomic News, Poland

32.

Is European Monetary Policy Appropriate for the Emu Member Countries? A Counterfactual Analysis

Marburg Working Paper No. 10-2006
Number of pages: 33 Posted: 17 Jul 2006
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 101 (275,921)
Citation 5

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Taylor rule, monetary policy, ECB, European Monetary Union

33.

Identification Through Heteroscedasticity in a Multicountry and Multimarket Framework

Number of pages: 24 Posted: 10 Jun 2011
Bernd Hayo and Britta Niehof
University of Marburg - School of Business & Economics and University of Marburg
Downloads 91 (295,276)
Citation 3

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Financial markets, instrumental variable estimation, identi cation through heteroscedasticity, spillover effects

34.

Does the Currency Board Matter? U.S. News and Argentine Financial Market Reaction

MAJKS Joint Discussion Paper in Economics No. 23-2008
Number of pages: 17 Posted: 18 Nov 2008 Last Revised: 09 Jul 2012
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 91 (295,276)

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Argentina, Financial Markets, Monetary Policy, Federal Reserve Bank, Central Bank Communication, Macroeconomic Announcements

35.

Domestic or U.S. News: What Drives Canadian Financial Markets?

Downloads 87 (303,697)
Citation 2

Domestic or U.S. News: What Drives Canadian Financial Markets?

Number of pages: 29 Posted: 22 Feb 2009 Last Revised: 22 Feb 2010
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 86 (308,514)
Citation 2

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Bank of Canada, Central Bank Communication, Federal Reserve Bank, Financial Markets, Macroeconomic News, Monetary Policy

Domestic or U.S. News: What Drives Canadian Financial Markets?

Economic Inquiry, Vol. 50, Issue 3, pp. 690-706, 2012
Number of pages: 17 Posted: 05 Jul 2012
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 1 (714,340)
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36.

Central Bank Communication in the Financial Crisis: Evidence from a Survey of Financial Market Participants

Trier Research Papers in Economics No. 1/14
Number of pages: 30 Posted: 08 Jan 2014 Last Revised: 07 Dec 2014
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 84 (310,373)
Citation 4

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Central Bank, Communication, Credibility, Financial Crisis, Financial Market Participants, Independence, Survey, Unconventional Monetary Policy.

37.

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 (329,227)

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Monetary policy uncertainty, centralized wage setting, union behavior

38.

Explaining Constitutional Change: The Case of Judicial Independence

CESifo Working Paper Series No. 4032
Number of pages: 40 Posted: 03 Jan 2013
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 74 (334,278)
Citation 1

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judicial independence, constitutional change, endogenous constitutions, relevance of leaders

39.

Communication Matters: U.S. Monetary Policy and Commodity Price Volatility

MAGKS Joint Discussion Paper Series in Economics No. 05-2011
Number of pages: 10 Posted: 06 Mar 2011
Bernd Hayo, Ali M. Kutan and Matthias Neuenkirch
University of Marburg - School of Business & Economics, Southern Illinois University at Edwardsville and University of Trier - Faculty of Economics
Downloads 73 (336,850)
Citation 2

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Central Bank Communication, Commodities, Federal Reserve Bank, Monetary Policy, Price Volatility

40.

Endogenous Constitutions: Politics and Politicians Matter, Economic Outcomes Don’t

Number of pages: 32 Posted: 21 Oct 2010
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 70 (344,714)
Citation 8

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Constitutional change, form of government, endogenous constitutions, separation of powers, relevance of leaders

41.

Behind Closed Doors: Revealing the ECB’S Decision Rule

Joint Discussion Paper Series in Economics, Paper No. 35-2011
Number of pages: 38 Posted: 19 Sep 2011
Bernd Hayo and Pierre-Guillaume Meon
University of Marburg - School of Business & Economics and Université Libre de Bruxelles (ULB)
Downloads 69 (347,384)
Citation 7

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European Central Bank, monetary policy committee, decision rules

42.

Female Labour Force Participation in Arab Countries: The Role of Identity

MAGKS Joint Discussion Paper Series in Economics No. 41-2012
Number of pages: 23 Posted: 04 Feb 2014
Tobias Caris and Bernd Hayo
University of Marburg and University of Marburg - School of Business & Economics
Downloads 66 (355,752)
Citation 2

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Female labour market participation, Arab region, Islam, Identity, Religion

43.

Bank of Canada Communication, Media Coverage, and Financial Market Reactions

Number of pages: 10 Posted: 24 Jun 2010 Last Revised: 19 Sep 2011
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 64 (361,492)
Citation 1

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Bank of Canada, Central Bank Communication, Financial Markets, Media Coverage, Monetary Policy

44.

Regional Effects of Federal Tax Shocks

Number of pages: 33 Posted: 04 Apr 2012
Matthias Uhl and Bernd Hayo
University Marburg and University of Marburg - School of Business & Economics
Downloads 62 (367,467)
Citation 2

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fiscal policy, tax policy, narrative approach, U.S. states, regional effects, asymmetries in fiscal policy transmission

45.

Who Is Successful in Foreign Exchange Margin Trading? New Survey Evidence from Japan

Number of pages: 22 Posted: 18 Jul 2019
Bernd Hayo and Kentaro Iwatsubo
University of Marburg - School of Business & Economics and Kobe University
Downloads 61 (370,508)

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Foreign exchange margin trading, investor survey, foreign exchange trading profits, financial literacy, Japan

46.

EMU-Related News and Financial Markets in the Czech Republic, Hungary, and Poland

Number of pages: 31 Posted: 05 Sep 2008 Last Revised: 20 May 2009
David Buettner and Bernd Hayo
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
Downloads 61 (370,508)

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Financial markets, Czech Republic, Hungary, Poland, political news, macroeconomic shocks, European Monetary Union

47.

Monetary and Fiscal Policy in Times of Crises: A New Keynesian Perspective in Continuous Time

MAGKS, Discussion Paper No. 55-2014
Number of pages: 33 Posted: 25 Jan 2016
Bernd Hayo and Britta Niehof
University of Marburg - School of Business & Economics and University of Marburg
Downloads 60 (373,524)

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New Keynesian Models, Financial Crisis, Dynamic Stochastic General Equilibrium Models, Continuous Time Model, Fiscal Policy, Monetary Policy

48.

Central Bank Communication and Correlation between Financial Markets: Canada and the United States

Number of pages: 22 Posted: 05 Jan 2012 Last Revised: 09 Jul 2012
Melanie-Kristin Beck, Bernd Hayo and Matthias Neuenkirch
affiliation not provided to SSRN, University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 59 (376,595)

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Bank of Canada, Central Bank Communication, Diagonal-BEKK Models, Dynamic Correlations, Federal Reserve, Financial Markets

49.

Federal Reserve Communications and Emerging Equity Markets

MAGKS Discussion Paper No. 23-2009
Number of pages: 23 Posted: 12 May 2009 Last Revised: 05 Dec 2010
Bernd Hayo, Ali M. Kutan and Matthias Neuenkirch
University of Marburg - School of Business & Economics, Southern Illinois University at Edwardsville and University of Trier - Faculty of Economics
Downloads 58 (379,649)
Citation 2

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E52, G14, G15

50.

Leaders’ Impact on Public Spending Priorities: The Case of the German Laender

Joint Discussion Paper Series in Economics No. 09-2012
Number of pages: 36 Posted: 14 Feb 2012 Last Revised: 10 Sep 2012
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 57 (382,974)
Citation 2

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Leadership, socioeconomic status, social rivalry, public expenditure composition

51.

The Effects of Legislated Tax Changes in Germany

Number of pages: 24 Posted: 26 Oct 2011
Matthias Uhl and Bernd Hayo
University Marburg and University of Marburg - School of Business & Economics
Downloads 57 (382,974)
Citation 5

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legislated tax change, narrative approach, fiscal policy, tax policy

52.

The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets

MAGKS Discussion Paper No. No. 27-2009
Number of pages: 10 Posted: 12 Jun 2009 Last Revised: 20 Apr 2010
Bernd Hayo, Ali M. Kutan and Matthias Neuenkirch
University of Marburg - School of Business & Economics, Southern Illinois University at Edwardsville and University of Trier - Faculty of Economics
Downloads 56 (386,154)
Citation 1

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Central Bank Communication, International Equity Markets, Federal Reserve Bank, U.S. Monetary Policy

53.

Public Preferences for Government Spending Priorities: Survey Evidence from Germany

Number of pages: 32 Posted: 12 Dec 2014 Last Revised: 14 Dec 2014
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 54 (392,826)

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Public spending, public preferences, public debt, taxes, survey, Germany

54.

The Long-Term Relationship Between De Jure and De Facto Judicial Independence

Number of pages: 12 Posted: 30 Jan 2019 Last Revised: 02 Aug 2019
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 50 (406,386)
Citation 1

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judicial independence, de facto, de jure, long-term panel data analysis, cointegration, Granger causality

55.

Political Leaders' Socioeconomic Background and Public Budget Deficits: Evidence from OECD Countries

Downloads 50 (406,386)
Citation 4

Political Leaders' Socioeconomic Background and Public Budget Deficits: Evidence from OECD Countries

MAGKS Joint Discussion Paper No. 08-2013
Number of pages: 32 Posted: 16 Feb 2013 Last Revised: 12 Dec 2014
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 49 (417,105)
Citation 4

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Budget deficit, political leaders, socioeconomic status, time preference

Political Leaders' Socioeconomic Background and Public Budget Deficits: Evidence from OECD Countries

Economics & Politics, Vol. 28, Issue 1, pp. 55-78, 2016
Number of pages: 24 Posted: 07 Mar 2016
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 1 (714,340)
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56.

Correlates and Determinants of Direct Democracy

Number of pages: 35 Posted: 23 Dec 2014
Lorenz Blume, Bernd Hayo and Stefan Voigt
Phillips University Marburg, University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
Downloads 45 (424,604)

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Direct Democracy, Referendums, Initiatives, Endogenous Constitutions

57.

Central Banks’ Predictability: An Assessment by Financial Market Participants

Number of pages: 18 Posted: 06 Apr 2016
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 44 (428,403)

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Central Bank, Communication, Financial Market Participants, Objectives, Predictability, Survey, Transparency

58.

Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey

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Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey

MAGKS Joint Discussion Paper No. 51-2013
Number of pages: 36 Posted: 07 Dec 2013 Last Revised: 12 Dec 2014
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Public debt, fiscal consolidation, sovereign debt crisis, public attitudes, Germany

Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey

Kyklos, Vol. 70, Issue 1, pp. 42-69, 2017
Number of pages: 28 Posted: 22 Jan 2017
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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59.

Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?

MAGKS Discussion Paper No. 25-2009
Number of pages: 22 Posted: 12 May 2009 Last Revised: 11 May 2010
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
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Citation 5

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Central Bank Communication, Federal Reserve Bank, Interest Rate Decision, Monetary Policy, Federal Funds Target Rate, Taylor Rule

60.

Topics in Fiscal Policy: Evidence from a Representative Survey of the German Population

MAGKS Discussion Papers, No. 12-2014
Number of pages: 78 Posted: 25 Jan 2016
Bernd Hayo, Florian Neumeier and Matthias Uhl
University of Marburg - School of Business & Economics, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute and University Marburg
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Survey evidence, Fiscal policy, Public debt, Public preferences, Consumption, Labour supply

61.

Do Federal Reserve Presidents Communicate with a Regional Bias?

MAGKS Discussion Paper No. 03-2011
Number of pages: 22 Posted: 13 Feb 2011 Last Revised: 14 Jul 2012
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
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Central Bank Communication, Disagreement, Federal Reserve, Monetary Policy, Regional Representation, Speeches

62.

Analysis of Monetary Policy Responses after Financial Market Crises in a Continuous Time New Keynesian Model

MAGKS, Discussion Paper No. 21-2014
Number of pages: 52 Posted: 25 Jan 2016
Bernd Hayo and Britta Niehof
University of Marburg - School of Business & Economics and University of Marburg
Downloads 38 (452,715)
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New Keynesian Models, Financial Crisis, Dynamic Stochastic Full Equilibrium Continuous Time Model, Taylor Rule

63.

The German Public and Its Trust in the ECB: The Role of Knowledge and Information Search

Number of pages: 29 Posted: 03 Feb 2014
Bernd Hayo and Edith Neuenkirch
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
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ECB, Economic knowledge, German public attitudes, Institutional trust

64.

Political Leaders' Socioeconomic Background and Fiscal Performance in Germany

Joint Discussion Paper Series in Economics No. 41-2011
Number of pages: 47 Posted: 17 Oct 2011 Last Revised: 11 Dec 2014
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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leadership, socioeconomic status, fiscal policy, public spending, public deficit

65.

Canadian Interest Rate Setting: The Information Content of Canadian and U.S. Central Bank Communication

MAGKS Joint Discussion Paper Series in Economics No. 35-2009
Number of pages: 25 Posted: 27 Aug 2009 Last Revised: 29 Jun 2010
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
Downloads 31 (484,226)
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Bank of Canada, Central Bank Communication, Federal Reserve Bank, Interest Rate Decision, Monetary Policy, Ordered Probit Model, Taylor Rule

66.

Self-Monitoring or Reliance on Media Reporting: How Do Financial Market Participants Process Central Bank News?

Number of pages: 31 Posted: 27 Mar 2014 Last Revised: 13 Oct 2014
Bernd Hayo and Matthias Neuenkirch
University of Marburg - School of Business & Economics and University of Trier - Faculty of Economics
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Citation 3

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Central Bank Communication, Financial Market Participants, Information Processing, Interest Rate Decisions, Media Reporting, Reliability, Survey

67.

Monetary Policy Committee Transparency: Measurement, Determinants, and Economic Effects

Number of pages: 34 Posted: 03 Feb 2014
Bernd Hayo and Ummad Mazhar
University of Marburg - School of Business & Economics and Université Libre de Bruxelles (ULB)
Downloads 22 (534,050)
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Monetary Policy Committee, Transparency, Monetary Policy Transparency, Monetary Policy, Central Banks

68.

Complexity of ECB Communication and Financial Market Trading

Joint Discussion Paper Series in Economics No. 19-2019
Number of pages: 42 Posted: 12 Aug 2019
Bernd Hayo, Kai Henseler and Marc Steffen Rapp
University of Marburg - School of Business & Economics, University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
Downloads 21 (540,120)
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ECB, Central Bank Communication, Textual Analysis, Linguistic Complexity, Readability, Financial Markets, European Stock Markets

69.

Studying International Spillovers in a New Keynesian Continuous Time Framework with Financial Markets

Number of pages: 31 Posted: 03 Feb 2014
Bernd Hayo and Britta Niehof
University of Marburg - School of Business & Economics and University of Marburg
Downloads 20 (546,202)
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New Keynesian Model, Philipps Curve, Taylor Rule, Stochastic Differential Equations

70.

The Debt Brake in the Eyes of the German Population

Number of pages: 27 Posted: 12 Dec 2014 Last Revised: 14 Dec 2014
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 18 (558,686)
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Debt brake, balanced budget rule, European Fiscal Compact, survey, Germany

71.

Households’ Inflation Perceptions and Expectations: Survey Evidence From New Zealand

MAGKS Joint Discussion Paper No. 05-2018
Number of pages: 40 Posted: 27 Jun 2018
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Inflation Perception, Inflation Expectation, New Zealand, Monetary Policy, Household Survey

72.

Estimating the Monetary Policy Interest-Rate-To-Performance Sensitivity of the European Banking Sector at the Zero Lower Bound

Number of pages: 22 Posted: 30 Jan 2019
Bernd Hayo, Kai Henseler and Marc Steffen Rapp
University of Marburg - School of Business & Economics, University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
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ECB, central bank communication, banking sector, interest rate sensitivity, textual analysis, Wordscores

73.

Sanctions and the Shadow Economy: Empirical Evidence from Iranian Provinces

MAGKS Joint Discussion Paper No. 07-2018
Number of pages: 10 Posted: 27 Jun 2018
Mohammad Reza Farzanegan and Bernd Hayo
University of Marburg - Center for Near and Middle Eastern Studies (CNMS) and University of Marburg - School of Business & Economics
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Shadow Economy, Sanctions, Iran

74.

Public Attitudes Towards Asylum Seekers, Immigrants in the Workplace, Inflation, and Local Budgets: Evidence from a Representative Survey of the German Population

MAGKS Joint Discussion Paper No. 19-2018
Number of pages: 102 Posted: 27 Jun 2018 Last Revised: 07 Aug 2018
Bernd Hayo, Israel García, Pierre-Guillaume Meon, Florian Neumeier and Duncan Roth
University of Marburg - School of Business & Economics, University of Marburg, Université Libre de Bruxelles (ULB), CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute and Government of the Federal Republic of Germany - Institute for Employment Research (IAB)
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Survey Evidence, Attitudes, Asylum Seekers, Migrating Workers, Inflation, Monetary Policy, Local Budgets, Germany

75.

The Influence of Media Use on Laymen's Monetary Policy Knowledge in Germany

MAGKS, Discussion Paper No. 11-2015
Number of pages: 38 Posted: 25 Jan 2016
Bernd Hayo and Edith Neuenkirch
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
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ECB, Economic knowledge, Subjective knowledge, Information

76.

Relative-Price Changes and Demand Factors in the Period of Quantitative Easing in Japan

Number of pages: 29 Posted: 03 Feb 2014
Bernd Hayo and Hiroyuki Ono
University of Marburg - School of Business & Economics and Toyo University - Faculty of Economics
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Japan, supply side, inflation, deflation, price-change asymmetries, quantitative easing

77.

On Standard-Error-Decreasing Complementarity: Why Collinearity is Not the Whole Story

MAGKS No. 03-2017
Number of pages: 18 Posted: 25 Feb 2017
Bernd Hayo
University of Marburg - School of Business & Economics
Downloads 13 (590,322)
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Standard-error-decreasing complementarity, multivariate regression model, standard error, econometric methodology, multicollinearity, collinearity

78.

Taxation and Consumption: Evidence from a Representative Survey of the German Population

MAGKS Discussion Papers, No. 20-2014
Number of pages: 22 Posted: 25 Jan 2016
Bernd Hayo and Matthias Uhl
University of Marburg - School of Business & Economics and University Marburg
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Taxation, Consumption, Representative population survey, Germany

79.

Central Bank Independence in New Zealand: Public Knowledge About and Attitude Towards the Policy Target Agreement

Number of pages: 25 Posted: 30 Jan 2019
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Central Bank Independence, Public Attitude, Policy Target Agreement, Economic Literacy, New Zealand, Monetary Policy, Household Survey

80.

Survey on New Zealanders’ Attitudes Towards and Knowledge of Macroeconomic Policy Issues: Documentation of Survey Methodology and Descriptive Results

MAGKS No. 30-2016
Number of pages: 52 Posted: 25 Feb 2017
Bernd Hayo and Florian Neumeier
University of Marburg - School of Business & Economics and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Household survey ∙ New Zealand, Fiscal policy, Public debt, Monetary policy, Public preferences, Economic literacy

81.

Survey on Germans’ Attitudes Towards and Knowledge of Monetary Policy Issues: Documentation of Survey Methodology and Descriptive Results

MAGKS Joint Discussion Paper No. 21-2018
Number of pages: 51 Posted: 27 Jun 2018
Bernd Hayo and Edith Neuenkirch
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
Downloads 8 (623,855)

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Household Survey, Germany, Monetary Policy, European Central Bank, Public Preferences, Economic Literacy

82.

Taxation and Labour Supply: Evidence from a Representative Population Survey

MAGKS, Discussion Paper No. 38-2014
Number of pages: 19 Posted: 25 Jan 2016
Bernd Hayo and Matthias Uhl
University of Marburg - School of Business & Economics and University Marburg
Downloads 6 (637,471)
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Taxation, Labour supply, Representative population survey, Germany

83.

The Influence of Media Use on Layperson Monetary Policy Knowledge in Germany

Scottish Journal of Political Economy, Vol. 65, Issue 1, pp. 1-26, 2018
Number of pages: 26 Posted: 04 Jan 2018
Bernd Hayo and Edith Neuenkirch
University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics
Downloads 1 (681,074)
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84.

Mapping Constitutionally Safeguarded Judicial Independence - A Global Survey

Journal of Empirical Legal Studies, Vol. 11, Issue 1, pp. 159-195, 2014
Number of pages: 37 Posted: 18 Jan 2014
Bernd Hayo and Stefan Voigt
University of Marburg - School of Business & Economics and University of Hamburg - Institute of Law & Economics
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85.

Monetary and Fiscal Policy in Times of Crisis: A New Keynesian Perspective in Continuous Time

The Manchester School, Vol. 86, Issue 1, pp. 21-48, 2018
Number of pages: 28 Posted: 14 Dec 2017
Britta Förster and Bernd Hayo
University of Marburg and University of Marburg - School of Business & Economics
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86.

Happiness in Transition: An Empirical Study on Eastern Europe

Economic Systems, Vol. 31, No. 2, 2007
Posted: 12 Jul 2007
Bernd Hayo
University of Marburg - School of Business & Economics

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Happiness, Well-being, Transition countries, Eastern Europe

87.

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

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Central bank independence, monetary policy

88.

A Note on Democratization and Economic Conditions in Eastern Europe

Journal of Socio-Economics, 30(6), 2001
Posted: 15 May 2002
Bernd Hayo
University of Marburg - School of Business & Economics

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Eastern Europe, Political Economy, Democracy, Transformation

89.

Simplicity in Econometric Modelling: Some Methodological Considerations

Journal of Economic Methodology, Vol. 5, No. 2, December 1998
Posted: 25 Jan 1999
Bernd Hayo
University of Marburg - School of Business & Economics

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