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

37

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8,515

SSRN CITATIONS
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Top 5,913

in Total Papers Citations

54

CROSSREF CITATIONS

172

Scholarly Papers (37)

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 1,310 (19,406)
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, Munich University of Applied Sciences and University of Würzburg - Institute of Economics and Social Sciences
Downloads 1,008 (28,557)
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 910 (33,034)
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 490 (73,543)
Citation 16

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

Managed Floating: Understanding the New International Monetary Order

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 (639,786)
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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 416 (90,171)
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 327 (118,434)
Citation 2

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 319 (121,635)

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

8.

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

Number of pages: 41 Posted: 12 Aug 2009
Kai Carstensen, Oliver Hülsewig and Timo Wollmershaeuser
University of Kiel - Institute of Statistics and Econometrics, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 294 (133,128)
Citation 1

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

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 280 (138,833)
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

10.

The Stress of Having a Single Monetary Policy in Europe

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 264 (148,178)
Citation 3

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

11.

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

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 245 (159,614)

Abstract:

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

12.

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

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 221 (176,238)

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13.

Fiscal Divergence and Current Account Imbalances in Europe

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 217 (179,329)

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

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 212 (182,967)
Citation 1

Abstract:

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Exchange rate uncertainty; Robustness; Simple policy rules

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Exchange rate uncertainty, Robustness, Simple policy rules

15.

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

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 210 (184,856)
Citation 3

Abstract:

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

16.

Bank Behavior and the Cost Channel of Monetary Transmission

Number of pages: 46 Posted: 18 Oct 2006
Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
Munich University of Applied Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 189 (203,534)

Abstract:

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bank behavior, cost channel, minimum distance estimation

17.

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

Number of pages: 28 Posted: 14 Jan 2005
Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
Munich University of Applied Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 183 (209,428)
Citation 2

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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 176 (216,630)
Citation 1

Abstract:

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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

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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

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 173 (219,753)

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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?

Number of pages: 53 Posted: 05 Jul 2007
Steffen Henzel, Oliver Hülsewig, Eric Mayer and Timo Wollmershaeuser
Ifo Institute for Economic Research, Munich University of Applied Sciences, University of Würzburg - Institute of Economics and Social Sciences and Ifo Institute for Economic Research
Downloads 131 (275,565)

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&Apos;S Rescue Facility

Number of pages: 42 Posted: 25 Nov 2011 Last Revised: 30 Aug 2021
Hans-Werner Sinn and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) and Ifo Institute for Economic Research
Downloads 121 (292,256)
Citation 11

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22.

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

Number of pages: 42 Posted: 24 Oct 2012
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 109 (314,612)
Citation 6

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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 99 (335,493)

Abstract:

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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

Number of pages: 37 Posted: 22 Jul 2009
Kai Carstensen, Oliver Hülsewig and Timo Wollmershaeuser
University of Kiel - Institute of Statistics and Econometrics, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 97 (339,939)

Abstract:

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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

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, Munich University of Applied Sciences, Ludwig Maximilian University of Munich (LMU) and Ifo Institute for Economic Research
Downloads 84 (371,891)

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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

Number of pages: 42 Posted: 04 Apr 2011
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 82 (377,191)
Citation 16

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

27.

Distributional Effects of Macroeconomic Shocks in Real-Time: A Novel Method Applied to the COVID-19 Crisis in Germany

Number of pages: 38 Posted: 14 Dec 2020
Karlsruhe Institute of Technology, CESifo (Center for Economic Studies and Ifo Institute), Government of the Federal Republic of Germany - Institute for Employment Research (IAB), Government of the Federal Republic of Germany - Institute for Employment Research (IAB) and Ifo Institute for Economic Research
Downloads 81 (382,769)

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28.

Forecasting Euro Area Real GDP: Optimal Pooling of Information

Number of pages: 30 Posted: 03 Sep 2008
Oliver Hülsewig, Johannes Mayr and Timo Wollmershaeuser
Munich University of Applied Sciences, Ifo Institute for Economic Research and Ifo Institute for Economic Research
Downloads 69 (415,620)

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forecasting, aggregation, model averaging, real time experiment

29.

A Micro Data Aproach to the Identification of Credit Crunches

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 (439,272)

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

30.

Capital Flows in the Euro Area and TARGET2 Balances

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, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 49 (488,953)

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

31.

Financial Frictions and Inflation Differentials in a Monetary Union

Number of pages: 52 Posted: 10 Nov 2010
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
affiliation not provided to SSRN, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 40 (529,644)

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

32.

Capital Flows in the Euro Area and TARGET2 balances

Number of pages: 41 Posted: 22 Apr 2019
Nikolay Hristov, Oliver Hülsewig and Timo Wollmershaeuser
Deutsche Bundesbank, Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 12 (708,887)
Citation 2

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Euro area, TARGET2 balances, capital in flow shocks, panel vector autoregressive model

33.

Survey-Based Structural Budget Balances

Number of pages: 29 Posted: 08 Mar 2021
Marcell Göttert and Timo Wollmershaeuser
CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute and Ifo Institute for Economic Research
Downloads 11 (716,739)
Citation 1

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34.

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
Munich University of Applied Sciences and Ifo Institute for Economic Research
Downloads 0 (818,047)
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35.

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

36.

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

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

37.

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