@misc{Berger, author = {Berger, Wolfram}, title = {International Policy Coordination and Simple Monetary Policy Rules}, series = {Swiss journal of economics and statistics}, volume = {146}, journal = {Swiss journal of economics and statistics}, number = {2}, issn = {0303-9692}, pages = {451 -- 479}, abstract = {This paper studies monetary policy in an optimizing two-country model. We suppose a two-step production process that is associated with vertical trade. Prices of final consumption goods are sticky and pass-through can be incomplete. Monetary authorities should respond to both home and foreign shocks in this set-up.Which simple, i.e. non-optimal, targeting rule best supports the welfare maximizing policy hinges critically on the degree of the cross-country interdependence in production and the relative importance of productivity and cost-push shocks. We argue that the relative volatility of productivity and cost-push shocks determines whether the monetary authority should follow a price targeting rulewhereas the degree of vertical integration determines which simple price targeting rule (producer or consumer price index targeting) is best.}, language = {en} } @misc{BergerPickhardtPitsoulisetal., author = {Berger, Wolfram and Pickhardt, Michael and Pitsoulis, Athanassios and Prinz, Aloys and Sarda, Jordi}, title = {The hard shadow of the Greek economy: new estimates of the size of the underground economy and its fiscal impact}, series = {Applied Economics}, volume = {46}, journal = {Applied Economics}, number = {18}, issn = {0003-6846}, doi = {10.1080/00036846.2014.896984}, pages = {2190 -- 2204}, language = {en} } @misc{BergerKissmer, author = {Berger, Wolfram and Kißmer, Friedrich}, title = {Central bank independence and financial stability: A tale of perfect harmony?}, series = {European Journal of Political Economy}, volume = {31}, journal = {European Journal of Political Economy}, issn = {0176-2680}, doi = {10.1016/j.ejpoleco.2013.04.004}, pages = {109 -- 118}, language = {en} } @misc{BergerKissmer, author = {Berger, Wolfram and Kißmer, Friedrich}, title = {Monetary Policy and Asset Prices: When Cleaning Up Hits the Zero Lower Bound}, series = {Swiss Journal of Economics and Statistics}, volume = {149}, journal = {Swiss Journal of Economics and Statistics}, number = {3}, issn = {0303-9692}, pages = {291 -- 312}, language = {en} } @misc{BergerKnuetter, author = {Berger, Wolfram and Kn{\"u}tter, Rolf}, title = {The ECB in an Enlarged Monetary Union: How to Reform the Rotation Scheme}, series = {Journal of Economic and Social Policy}, volume = {15}, journal = {Journal of Economic and Social Policy}, number = {1}, issn = {1325-2224}, pages = {1 -- 24}, language = {en} } @incollection{Berger, author = {Berger, Wolfram}, title = {Effektivit{\"a}t und Effizienz von (makro{\"o}konomischer) Wirtschaftspolitik auf globalisierten M{\"a}rkten}, series = {Gr{\"u}ndung, Innovation und Transformation: Wirtschaftswissenschaften an der BTU Cottbus: Ehrenkolloquien f{\"u}r Prof. Dr. habil. Prof. e. h. Dieter Sch{\"o}nknecht und Prof. Dr. Dr. Rainer Schwarz}, booktitle = {Gr{\"u}ndung, Innovation und Transformation: Wirtschaftswissenschaften an der BTU Cottbus: Ehrenkolloquien f{\"u}r Prof. Dr. habil. Prof. e. h. Dieter Sch{\"o}nknecht und Prof. Dr. Dr. Rainer Schwarz}, editor = {Albach, Horst and Baier, Daniel and Mißler-Behr, Magdalena}, publisher = {Eul Verlag}, address = {Lohmar}, isbn = {978-3-8441-0198-0}, pages = {107 -- 114}, language = {de} } @misc{Berger, author = {Berger, Wolfram}, title = {Optimal Monetary Policy and Sectoral Shocks: Is International Monetary Cooperation Beneficial?}, series = {Scandinavian Journal of Economics}, volume = {109}, journal = {Scandinavian Journal of Economics}, number = {2}, issn = {1467-9442}, pages = {1 -- 24}, language = {en} } @misc{BergerDeVita, author = {Berger, Wolfram and De Vita, Glauco}, title = {Forward guidance: New monetary policy instrument or esoteric fad?}, series = {Public Money \& Management}, volume = {35}, journal = {Public Money \& Management}, number = {4}, issn = {0954-0962}, pages = {289 -- 296}, language = {en} } @misc{BergerKissmer, author = {Berger, Wolfram and Kißmer, Friedrich}, title = {Optimal interest rate policy during asset price booms: The mirage of 'benign neglect'}, series = {Economics Letters}, volume = {101}, journal = {Economics Letters}, number = {3}, issn = {0165-1765}, doi = {10.1016/j.econlet.2008.08.025}, pages = {265 -- 267}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {Monetary policy rules and the exchange rate}, series = {Journal of Macroeconomics}, volume = {30}, journal = {Journal of Macroeconomics}, number = {3}, issn = {0164-0704}, doi = {10.1016/j.jmacro.2007.05.003}, pages = {1064 -- 1084}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {Monetary Policy Rules for a Small Open Economy}, series = {Economic Notes}, volume = {37}, journal = {Economic Notes}, number = {1}, issn = {1468-0300}, pages = {1 -- 30}, language = {en} } @misc{BergerKissmer, author = {Berger, Wolfram and Kißmer, Friedrich}, title = {Why Do Monetary Policymakers Lean With the Wind During Asset Price Booms?}, series = {Frontiers in Finance \& Economics}, volume = {6}, journal = {Frontiers in Finance \& Economics}, number = {1}, issn = {1814-2044}, pages = {155 -- 174}, language = {en} } @misc{BergerBattenfeld, author = {Berger, Wolfram and Battenfeld, Dirk}, title = {Preispolitik und Hedging bei Ungewißheit}, series = {Betriebswirtschaftliche Forschung und Praxis}, volume = {60}, journal = {Betriebswirtschaftliche Forschung und Praxis}, number = {3}, issn = {0340-5370}, pages = {197 -- 209}, language = {de} } @misc{BergerKissmerWagner, author = {Berger, Wolfram and Kißmer, Friedrich and Wagner, Helmut}, title = {Monetary Policy and Asset Prices: More Bad News for Benign Neglect}, series = {International Finance}, volume = {10}, journal = {International Finance}, number = {1}, issn = {1468-2362}, pages = {1 -- 20}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {International Interdependence and the Welfare Effects of Monetary Policy}, series = {International Review of Economics and Finance}, volume = {15}, journal = {International Review of Economics and Finance}, number = {4}, issn = {1059-0560}, pages = {399 -- 416}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {The Choice between Fixed and Flexible Exchange Rates: Which is Best for a Small Open Economy?}, series = {Journal of Policy Modeling}, volume = {28}, journal = {Journal of Policy Modeling}, number = {4}, issn = {0161-8938}, pages = {371 -- 385}, language = {en} } @misc{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {Interdependent Expectations and the Spread of Currency Crises}, series = {IMF Staff Papers}, volume = {52}, journal = {IMF Staff Papers}, number = {1}, issn = {0020-8027}, pages = {41 -- 54}, language = {en} } @misc{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {Globalization, Financial Volatility and Monetary Policy}, series = {Empirica}, volume = {31}, journal = {Empirica}, number = {2}, issn = {1573-6911}, pages = {163 -- 184}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {Dollarization of Liabilities, Fear of Floating and Optimal Exchange Rate Volatility}, series = {Jahrbuch f{\"u}r Wirtschaftswissenschaften}, volume = {54}, journal = {Jahrbuch f{\"u}r Wirtschaftswissenschaften}, number = {3}, pages = {301 -- 322}, language = {en} } @misc{Berger, author = {Berger, Wolfram}, title = {Die Ausbreitung von W{\"a}hrungskrisen}, series = {Wirtschaftsdienst}, volume = {81}, journal = {Wirtschaftsdienst}, number = {6}, pages = {358 -- 363}, language = {de} } @misc{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {Emerging Market-Krisen: Bekannte Modelle und neue Ans{\"a}tze}, series = {List-Forum f{\"u}r Wirtschafts- und Finanzpolitik}, volume = {27}, journal = {List-Forum f{\"u}r Wirtschafts- und Finanzpolitik}, number = {2}, issn = {0342-2623}, pages = {178 -- 193}, language = {de} } @misc{BattenfeldBerger, author = {Battenfeld, Dirk and Berger, Wolfram}, title = {Booms und Busts an Aktivam{\"a}rkten - Implikationen f{\"u}r die Zinspolitik}, series = {Bankarchiv}, volume = {55}, journal = {Bankarchiv}, number = {5}, issn = {1015-1516}, pages = {379 -- 384}, language = {de} } @book{Berger, author = {Berger, Wolfram}, title = {Die Entstehung und Ausbreitung von W{\"a}hrungskrisen}, publisher = {Duncker \& Humblot}, address = {Berlin}, isbn = {3-428-10703-9}, pages = {258}, language = {de} } @incollection{Berger, author = {Berger, Wolfram}, title = {Exchange Rate Policy and Foreign Debt: When Is a Fear of Floating Optimal?}, series = {Recent Developments on Exchange Rates}, booktitle = {Recent Developments on Exchange Rates}, editor = {Lardic, Sandrine and Mignon, Valerie}, publisher = {Palgrave}, address = {London}, isbn = {1-4039-3487-8}, language = {en} } @techreport{BergerSchnellenbach, author = {Berger, Wolfram and Schnellenbach, Jan}, title = {Strategien f{\"u}r die Forschungslandschaft Lausitz im Strukturwandel}, address = {Cottbus}, pages = {36}, language = {de} } @misc{BergerSalottiSarda, author = {Berger, Wolfram and Salotti, Simone and Sard{\`a}, Jordi}, title = {Do fiscal decentralization and income inequality affect the size of the shadow economy? A panel data analysis for OECD countries}, series = {Applied Economics Letters}, volume = {25}, journal = {Applied Economics Letters}, number = {8}, issn = {1466-4291}, doi = {10.1080/13504851.2017.1346356}, pages = {571 -- 575}, abstract = {In this article, we study fiscal decentralization and inequality as driving forces of the shadow economy in advanced economies. Our empirical analysis suggests that a reduction in income inequality will contain the shadow economy, whereas expenditure and tax decentralization do not significantly impact it. As decentralization is generally believed to increase government efficiency, this result is indicative of already highly efficient public administrations. Our results further indicate that redistributive policies positively affect the size of the shadow economy, whereas the tax burden does not have any discernible effect on the shadow economy in our sample.}, language = {en} } @misc{BergerNagase, author = {Berger, Wolfram and Nagase, Yoko}, title = {Banking union in Europe: How much centralisation is needed?}, series = {Bulletin of Economic Research}, volume = {70}, journal = {Bulletin of Economic Research}, number = {1}, issn = {1467-8586}, doi = {10.1111/boer.12126}, pages = {E67}, abstract = {We examine the efficiency of banking regulation in a federation with two tiers of government and highly integrated banking systems. We assume that policy makers have incomplete information about banks' true health, and banking sector turmoil can generate cross-border spill-over effects. We show that, in such an environment, the decentralisation of policy responsibilities for the regulation of banks can achieve the first-best allocation and ensure financial stability. While national governments design banking regulations, the federal policy maker authorises inter-regional income redistribution payments throughout the federation. Our results suggest that strengthening national responsibilities in banking regulation and supervision in the course of the further development of the European banking union may be advisable.}, language = {en} } @misc{BergerHokampSeibold, author = {Berger, Wolfram and Hokamp, Sascha and Seibold, G{\"o}tz}, title = {Dynamic behavioral changes in an agent-based econophysics tax compliance model. Bomb-crater versus target effects and efficient audit strategies}, series = {Journal of Public Finance and Public Choice}, volume = {36}, journal = {Journal of Public Finance and Public Choice}, number = {1}, issn = {2515-6926}, doi = {10.1332/251569120X15840237292628}, pages = {3 -- 24}, abstract = {We investigate an inhomogeneous Ising model in the context of tax evasion dynamics where different types of agents are parametrised via local temperatures and magnetic fields. Our work focuses on the dynamic behavioural change of agents after an audit which either corresponds to a temporal reduction or enhancement of compliance and is also known under the terms 'bomb crater' and 'target effect', respectively. We analyse this effect for different types of agents: endogenously non-compliant types, agents that have the tendency to copy (non-)compliant behaviour from their social environment, ethical agents with strong endogenous morale attitudes and random types that show large uctuations between compliant and non-compliant behaviour. Each type in uences the overall tax evasion differently, and interestingly, our model predicts that increasing the audit probability can have the counterintuitive effect of increasing tax evasion under certain circumstances. We analyse audit strategies that can suppress this effect and thus contribute to the burgeoning literature on the actual impact of tax audits.}, language = {en} } @techreport{BergerMarkwardtSchnellenbach, author = {Berger, Wolfram and Markwardt, Gunther and Schnellenbach, Jan}, title = {Entwicklung eines Indikatorensystems f{\"u}r die unternehmerische Leistungsf{\"a}higkeit des Lausitzer Mittelstandes}, publisher = {Wirtschaftsregion Lausitz GmbH}, address = {Cottbus}, pages = {129}, language = {de} } @techreport{BergerSchnellenbachTitzeetal., author = {Berger, Wolfram and Schnellenbach, Jan and Titze, Mirko and Lange, Hans-R{\"u}diger}, title = {Empirische Analyse und Konzepterarbeitung eines Entrepreneurship-Indikators Lausitz. Gutachten im Auftrag der Innovationsregion Lausitz GmbH}, address = {Cottbus}, pages = {76}, language = {de} } @misc{BergerNagase, author = {Berger, Wolfram and Nagase, Yoko}, title = {Waste management regulation: policy solutions and policy shortcomings}, series = {Scottish Journal of Political Economy}, volume = {65}, journal = {Scottish Journal of Political Economy}, number = {3}, issn = {1467-9485}, doi = {10.1111/sjpe.12137}, pages = {205 -- 223}, abstract = {A model of packaging waste management is presented to explore the policy options available to governments to implement waste regulation in light of the Extended Producer Responsibility (EPR). Our model endogenizes the packaging design as an additional determinant for the overall amount of waste jointly with consumers' sorting effort and producers output decisions. The model shows that the policies that yield the first-best allocation may not find public support. Furthermore, if the set of available policy instruments is limited, production and consumption of the good is likely to settle on a sub-optimal level even though the optimal allocation may be achievable. Finally, the model demonstrates that a landfill tax may actually increase landfill waste in the presence of tradable credits for recycling activities. The results shed light on some shortcomings of existing regulatory schemes such as the Producer Responsibility Obligations (Packaging Waste) Regulations of the UK.}, language = {en} } @techreport{BergerLademannSchnellenbachetal., author = {Berger, Wolfram and Lademann, Sascha and Schnellenbach, Jan and Weidner, Silke and Zundel, Stefan}, title = {Standortpotentiale Lausitz: Studie im Auftrag der Zukunftswerkstatt Lausitz}, address = {Cottbus}, pages = {372}, abstract = {Die Studie beginnt mit einer {\"u}berblicksartigen Bestandsaufnahme der aktuell vorliegenden Gutachten zur Lausitz und ihrem Strukturwandel (Teil A). Es folgt ein breiter und dabei, soweit es die Datenlage erlaubt, auch m{\"o}glichste feink{\"o}rniger {\"U}berblick {\"u}ber die aktuelle Situationder Lausitz und ihrer Teilr{\"a}ume (Teil B). Dieser {\"U}berblick ist gegliedert in die Bereiche Wirtschaftsstruktur und Wertsch{\"o}pfung (Teil B.I), Arbeitsmarkt (Teil B.II), sowie Infrastruktur und Lebensraum (Teil B.III). Es folgen eine Analyse der Integration und Kooperationsm{\"o}glichkeiten im Dreil{\"a}ndereck (Teil C) sowie der Erreichbarkeit der relevanten M{\"a}rkte aus der Region und der regions{\"u}berschreitenden Beziehungen (Teil D). Darauf aufbauend werden die endogenen Potentiale der Lausitz und ihrer Teilr{\"a}ume wiederum so feink{\"o}rnig wie m{\"o}glich analysiert (Teil E). Eine Diskussion von St{\"a}rken und Schw{\"a}chen der Strukturpolitik in einzelnen anderen deutschen Regionen soll auf Fallstricke hinweisen und das Lernen aus erfolgreichen struktur-und regionalpolitischen Ans{\"a}tzen erm{\"o}glichen (Teil F). Die Studie schließt mit einer zusammenfassenden Darstellung von Handlungsempfehlungen, die sich aus den zuvor durchgef{\"u}hrten Analysen ergeben, sowie von Ans{\"a}tzen f{\"u}r die weitere Forschung (Teil G).}, language = {de} } @misc{BergerSchnellenbachZundel, author = {Berger, Wolfram and Schnellenbach, Jan and Zundel, Stefan}, title = {Die Lausitz auf einem schwierigen Weg. Die BTU Cottbus untersucht, wie die strukturschwache Region durch Innovation und Spezialisierung punkten kann}, series = {Potsdamer Neueste Nachrichten}, journal = {Potsdamer Neueste Nachrichten}, number = {26.10.2019}, pages = {Seite B3}, language = {de} } @techreport{BergerMarkwardtRettigetal., author = {Berger, Wolfram and Markwardt, Gunther and Rettig, Julia and Schnellenbach, Jan and Titze, Mirko and Zundel, Stefan}, title = {Engpass Arbeitsmarkt? Chance und Risiko f{\"u}r den Strukturwandel in der brandenburgischen Lausitz}, publisher = {BTU}, address = {Cottbus}, pages = {54}, language = {de} } @misc{DermodyNagaseBerger, author = {Dermody, Janine and Nagase, Yoko and Berger, Wolfram}, title = {Theorising self-repairers' worldview-personhood to advance new thinking on extended product lifetimes}, series = {International Journal of Consumer Studies}, volume = {44}, journal = {International Journal of Consumer Studies}, number = {5}, doi = {10.1111/ijcs.12582}, pages = {435 -- 444}, abstract = {The ecological and societal problems caused by product obsolescence and consumerism in modern economies constitute a "wicked human-made problem" of significant magnitude. Current (old) ways of thinking cannot address these problems. Accordingly, in this paper, we critically explore the novel idea of integrated personhood and worldviews to theorize research on self-repairers and their repair behaviours to extend product lifetimes. We conducted a structured and systematic review of published work (n = 183) to identify the conceptual content of the field to inform our theorization. Our findings highlight three key issues. First, constricted theorization undermines understanding of self-repairers and their product lifetime extension (and spillover) behaviours. Second, the underlying conceptual complexity is typically underestimated. Third, the dominance of voluntarist and deterministic studies impedes new directions in research. From our review, an integrated worldview-personhood framework emerges that can deepen understanding of avant-garde self-repairers' engagement with product lifetimes.}, language = {en} } @misc{BergerKreutzer, author = {Berger, Wolfram and Kreutzer, Fabian}, title = {Does Offshoring Boost Productivity? A Comparison of SMEs and Large Firms for Germany}, series = {Economics and Business Letters}, volume = {11}, journal = {Economics and Business Letters}, number = {2}, issn = {2254-4380}, doi = {10.17811/ebl.11.2.2022.46-52}, pages = {46 -- 52}, abstract = {We use plant-level evidence for Germany to explore the productivity effects of offshoring of small and medium-sized enterprises (SME) and compare them to those derived for a sample of large German companies. SMEs usually face tighter resource constraints than larger companies, thus making it harder for them to reap the potential productivity gains associated with offshoring. We find evidence for the group of SMEs that plants that offshore business activities tend to be among the more productive ones, ex ante. However, offshoring plants lose this edge over their non-offshoring counterparts. The initial productivity gap is reversed, and the productivity of offshoring plants lags behind even several years after off-shoring has actually taken place. Neither observation can be confirmed for large companies.}, language = {en} } @incollection{BergerKissmerKnuetter, author = {Berger, Wolfram and Kißmer, Friedrich and Kn{\"u}tter, Rolf}, title = {Monetary Policy and Asset Prices: The Impact of Globalization on Monetary Policy Trade-Offs}, series = {International Business and Finance Issues}, booktitle = {International Business and Finance Issues}, editor = {Kendall, Alan N.}, publisher = {Nova Science Publ.}, address = {New York}, isbn = {978-1-60021-891-0}, pages = {133 -- 148}, language = {en} } @misc{BergerKreutzer, author = {Berger, Wolfram and Kreutzer, Fabian}, title = {The labour market effects of offshoring of small and medium-sized firms: micro-level evidence for Germany}, series = {Applied Economics}, volume = {50}, journal = {Applied Economics}, number = {32}, issn = {0003-6846}, doi = {10.1080/00036846.2017.1420900}, pages = {3416 -- 3431}, abstract = {Small and medium-sized enterprises (SMEs) are the economic powerhouse of many OECD countries (perhaps most prominently so in Germany). Yet, the labour market dynamics caused by the internationalization of their production activities are largely unexplored. We use surveybased micro-level data for Germany to explore the employment effects of offshoring of SMEs, relying on propensity score matching and difference-in-difference analysis. We find evidence for a downsizing effect in the immediate aftermath of offshoring whereas, initially, job creation is not spurred. In the medium run, we find evidence for a slowing down of employment dynamics of offshoring firms (that tend to belong to the better performing SMEs in Germany) relative to nonoffshoring firms. Even though our results do not point to a net employment loss in the medium run, our evidence suggests that offshoring may lead to less jobs being created. This conclusion cannot be confirmed for large companies.}, language = {en} } @phdthesis{Berger, author = {Berger, Wolfram}, title = {Optimal Design of Monetary Policy in Open Economies}, language = {en} } @techreport{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {Spreading Currency Crises: The Role of Economic Interdependence}, publisher = {IMF}, address = {Washington, DC}, pages = {20}, language = {en} } @techreport{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {International Policy Coordination and Simple Monetary Policy Rules}, publisher = {IMF}, address = {Washington, DC}, pages = {26}, language = {en} } @techreport{BergerWagner, author = {Berger, Wolfram and Wagner, Helmut}, title = {Financial Globalization and Monetary Policy}, publisher = {De Nederlandsche Bank}, address = {Amsterdam}, language = {en} }