Discussion Papers

"The ECB's Fiscal Policy"CESifo Working Paper No. 7019, April 2018; NBER Working Paper No. 24613, May 2018, International Tax and Public Finance 25 (6), June 2018, pp. 1404-1433.

"What Marx Means Today", CESifo Working Paper No. 6463, May 2017, will be published in Economic Affairs 2017, also in "Was uns Marx heute noch zu sagen hat", in: M. Greffrath, ed., RE: Das Kapital. Politische Ökonomie im 21. Jahrhundert, Antje Kunstmann: Munich 2017, pp. 73-90. Broadcasted as "Essay und Diskurs", Deutschlandfunk, March 19th, 2017 and also in "Aus Politik und Zeitgeschichte", Notebook 19-20/2017, May 8th, 2017, pp. 23-28.

"Buffering Volatility: A Study on the Limits of Germany's Energy Revolution“CESifo Working Paper Nr. 5950, Juni 2016, European Economic Review 99, Oktober 2017, S. 130-150.

"Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis" (together with Timo Wollmershäuser), CESifo Working Paper No. 4051, 2012 (Download, 488 KB).

"The Fossile Episode" (together with John Hassler), CESifo Working Paper No. 4016, 2012(Download, 532 KB), and in Journal of Monetary Economics 83, August 2016, pp. 14-26.

"Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect: A Note"CESifo Working Paper No. 2083, 2007 (Download, 279 KB)NBER Working Paper Nr. 13453, 2007.

"The Minimum Inflation Rate for Euroland" (together with M. Reutter), CESifo Working Paper No. 377, 2000 (Download, 145 KB)NBER Working Paper Nr. 8085, 2001.

"Participation, Capitalization and Privatization, Report on Bolivia's Current Political Privatization Debate" (together with Gerlinde Sinn), CESifo Working Paper No. 49, 1993 (Download, 3.6 MB).