“Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies” (with Sandra Pasch) (download) Open Economies Review forthcoming

“Hysteresis and Fiscal Stimulus in a Recession” (with Timothy Watson) (download) Journal of International Money and Finance vol. 124, 102614 (2022)

“Hysteresis and the Welfare Costs of Recessions”(download) Economic Modelling, vol. 95, pp 136-144 (2021)

“Welfare Multiplier of Public Investment” (with Giovanni Ganelli) (download) IMF Economic Review vol. 68, pp 390-420 (2020)

“U.S. Monetary Policy and China’s Exchange Rate Policy during the Great Recession” (download) International Journal of Finance and Economics vol 24, pp 113-130 (2019)

“Hysteresis and Fiscal Policy” (with Philipp Engler) (download) Journal of Economic Dynamics and Control vol 93 pp. 39-53 (2018)

“Welfare Effects of TTIP in a DSGE Model” (with Philipp Engler) (download) Economic Modelling vol 70. pp. 230-238 (2018)

“Third Country Effects of Fiscal Devaluations” (with Philipp Engler and Sandra Pasch) (download) Economics Letters vol 165, pp. 13–16 (2018)

“Fiscal Devaluation in a Monetary Union” (with Philipp Engler, Giovanni Ganelli and Simon Voigts) (download), IMF Economic Review vol 65 (2) pp. 241–272 (2017)

“Tariff-Tax Reforms in Large Economies” (with Giovanni Ganelli), (download) The World Economy vol 38 (12) pp. 1990-2012 (2015)

“Value of WTO Trade Agreements in a New Keynesian Model” (with Giovanni Ganelli) (download), Journal of Macroeconomics, vol. 45 pp. 347–362 (2015)

“Dynamic Scoring in Open Economies” (with Giovanni Ganelli) (download the paper, restricted access), (download the accepted version) FinanzArchiv: Public Finance Analysis vol. 70 (1) pp. 31-66 (2014)

“Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation” (download) International Review of Economics & Finance vol. 27 pp. 275-290 (2013)

“International Welfare Effects of Monetary Policy”  (download) Journal of International Money and Finance  vol. 31 (2) pp. 356-376 (2012)

“International Transmission of Environmental Policy: A New-Keynesian Perspective” (with Giovanni Ganelli) (download) Ecological Economics vol. 70(11) pp. 2070-2082 (2011)

“Beggar-Thyself or Beggar-Thy-Neighbour? The Welfare Effects of Monetary Policy” (with Philipp Engler) (download) Economic Modelling vol. 28(4) pp. 2034-2040 (2011)

“The International Transmission of Monetary Policy in a Dollar Pricing Model” (download) Open Economies Review vol. 21(5): 629-654 (2010)

“Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model” (with Giovanni Ganelli) (download) Journal of Macroeconomics vol. 32 (3) pp. 827-837 (2010)

“Can Government Spending Increase Private Consumption? The Role of Complementarity” (with Giovanni Ganelli) (download) Economics Letters vol. 103 (1), pp. 5-7 (2009)