Publications Professor Ralf Fendel

Books

  • Fendel, R., Frenkel, M. and John, K.D., Volkswirtschaftliche Gesamtrechnung, Vahlen Verlag, Munich 2016 [‘National Accounting’].
  • Fendel, R., Monetary Policy, Interest Rate Rules, and the Term Structure of Interest Rates – Theoretical Considerations and Empirical Implications, Peter Lang Verlag, Frankfurt 2007.
  • Fendel, R., Die Entwicklung der internationalen Pro-Kopf-Einkommensverteilung – Theo­retische Er­klärungs­ansätze und empirische Relevanz, Nomos Verlag, Baden-Baden 1998. [‘The Evolution of the World Income Distribution – Theoretical Explanations and Empirical Aspects’], Dissertation / doctoral thesis.

Research Articles in Refereed Academic Journals

  • Bräuning, C. and Fendel, R., Regional Information and Euro Area Monetary Policy: A Generalized Ordered Choice Approach, forthcoming: Empirical Economics. (Available online)
  • Amberger, J., Fendel, R. and Stremmel, H., Improved Output Gaps with Financial Cycle Information? An Application to G7 Countries' New Keynesian Phillips Curves, forthcoming: Applied Economics Letters. (Available online)
  • Amberger, J. and Fendel, R., The Slope of the Euro Area Phillips Curve - Always and Everywhere the Same?, Applied Economics and Finance, vol. 4 (3/2017), 77-88.
  • Amberger, J. and Fendel, R., Understanding Inflation Dynamics in the Euro Area: Deviants and Commonalities across Members Countries, forthcoming: Empirica - Journal of European Economics, vol. 44 (2/2017), 261-293.
  • Fendel, R. and Stremmel, H., Characteristics of Banking Crises: A Comparative Study with Geographical Contagion, Journal of Economics and Statistics, vol. 236 (3/2016), 349-388.
  • Fendel, R. and Maurer, D., Does European History Repeat Itself? - Lessons from the Latin Monetary Union for the European Monetary Union, Journal of Economic Integration, vol. 30 (1/2015), 93-120.
  • Fendel, R. and Rülke, J.-C., Expectations and the Quantity Theory of Money - Evidence from Eastern European Countries, Applied Economics, vol. 46 (3/2014), 329-335.
  • Fendel, R., Bleich, D., Rülke, J.-C., Monetary Policy and Stock Market Volatility, Economics Bulletin, vol. 33 (3/2013), 1669-1680.
  • Fendel, R., Frenkel, M. and Ruelke, J.-C., Do Professional Forecasters Trust in Taylor-Type Rules? - Evidence from the Wall Street Journal Poll, Applied Economics, vol. 45 (7/2013), 829-838.
  • Fendel, R. and Bleich, D., Monetary Policy Conditions in Spain Before and After the Changeover to the Euro: A Taylor Rule Based Assessment, Review of Applied Economics, vol. 8 (issue 1/2) (2012), 51-67.
  • Fendel, R., Bleich, D. and Ruelke, J.-C., Inflation Targeting Makes the Difference: Novel Evidence on Inflation Stabilization, Journal of International Money and Finance, vol. 31 (2012), 1092-1105.
  • Fendel, R. and Ruelke, J.-C., Are heterogeneous FOMC forecasts consistent with the Fed’s monetary policy?, Economics Letters, vol. 116 (2012), 5-7.
  • Fendel, R. and Ruelke, J.-C., Some International Evidence on the Lucas Supply Function, Economics Letters, vol. 114 (2012), 157-160.
  • Fendel, R., Bleich, D. and Ruelke, J.-C., Monetary Policy and Oil Price Expectations, Applied Economics Letters, vol. 19 (10/2012), 969-973.
  • Fendel, R., Frenkel, M. and Ruelke, J.-C., "Ex Ante" Taylor Rules and Expectation Forming in Emerging Markets, Journal of Comparative Economics, vol. 39 (2011); 230-244.
  • Fendel, R., Lis, E. and Ruelke, J.-C., Do Professional Forecasters Believe in the Phillips Curve? – Evidence from the G7 Countries, Journal of Forecasting, vol. 30 (2/2011), 268-287.
  • Fendel, R., Frenkel, M. and Ruelke, J.-C., 'Ex Ante' Taylor rules - Newly discovered evidence from the G7 countries, Journal of Macroeconomics, vol. 33(2) (2011), 224-232.
  • Fendel, R., Frenkel, M. and Ruelke, J.-C., Real-Time Data Does Not Make a Difference! - Evidence from the Expectation Forming Process, Empirical Economics Letters, vol. 9 (7/2010), 723-729.
  • Fendel, R., Lis, E. and Ruelke, J.-C., Expectations on the NAIRU – Evidence from the G7 Countries, Empirical Economics Letters, vol. 8 (6/2009), 543-553.
  • Fendel, R., A Note on Taylor Rules and the Term Structure, Applied Economics Letters, vol. 16 (issue 11) (2009), 1097-1101.
  • Fendel, R. and Frenkel, M., Inflation Differentials in the Euro Area: Did the ECB Care?, Applied Economics, vol. 41 (2009), 1293-1302.
  • Fendel, R., A Joint Characterization of German Monetary Policy and the Dynamics of the German Term Structure of Interest Rates, Review of Applied Economics, vol. 4 (2008), 45-63.
  • Fendel, R., Frenkel, M. and C. Swonke, Local Currency Pricing versus Producer Pricing: Direct Evidence from German Exporters, German Economic Review, vol. 9 (2008), 160-179.
  • Fendel, R and Frenkel, M., Five Years of Single Monetary Policy in Practice: Is the ECB Rule-based?, Contemporary Economic Policy, vol. 24 (2006), 106-115.
  • Fendel, R and Frenkel, M., Monetary Policy Rules and the Information Content of the Term Structure of Interest Rates, Applied Economics Letters, vol. 12 (2005), 933-936.
  • Fendel, R., An Affine Three-Factor Model of the German Term Structure of Interest Rates with Macroeconomic Content, Applied Financial Economics Letters, vol. 1 (2005), 151-156.
  • Fendel, R., New Directions in Stabilization Policies, Banca Nazionale del Lavoro Quarterly Review, no. 231 (December 2004), 365-394.
  • Fendel, R. and Frenkel, M., Deflation and the Zero Lower Bound on Nominal Interest Rates, Financial Markets and Portfolio Management, vol. 18 (2004), 160-180.
  • Fendel, R., Open Economy Macroeconomics in the Post Mundell-Fleming Era, Review of Economics, vol. 53 (2002), 53-87.
  • Fendel, R. and Frenkel, M., Do Small and Medium-Sized Enterprises Stabilize Employment? Theoretical Considerations and Evidence from Germany, Zeitschrift für Wirtschafts- und Sozial­wissen­schaften, vol. 118 (1998), 163-184.

Articles in Policy-Oriented Journals

  • Fendel, R., Bleich, D., Bleich, T., Einige Anmerkungen zum Wesen der Deflation aus Sicht der Finanzmarktstabilität [‘Some Remarks on Deflation from the Perspective of Financial Market Stability‘], Zeitschrift für Wirtschaftspolitik, vol. 62 (2/2013), 142-158.
  • Fendel, R., Die deutsche Preisentwicklung vor dem Hintergrund der Entwicklungen in der Europäischen Währungsunion [‘The German Price Development in the Light of Developments in teh European Union‘], Wirtschaftsdienst, vol. 88 (2008), 5-9.
  • Fendel, R. and Frenkel, M., The International Competitiveness of Germany and other European Economies: The Assessment of the Global Competitiveness Report, Intereconomics, vol. 40 (2005), 29-35.
  • Fendel, R. and Frenkel, M., Wozu Studien zur Internationalen Wettbewerbsfähigkeit von Volkswirtschaften? [‘Why Do We Need Studies on the International Competitiveness of Countries? ‘], Wirtschaftsdienst, vol. 85 (2005), 26-32.
  • Fendel, R and Frenkel, M., Taking the European Central Bank to the Data, Zeitschrift für Wirtschaftspolitik, vol. 54 (2005), 101-114.
  • Fendel, R. and Frenkel, M., Das Pro und Kontra der Einführung inflationsindexierter Staats­anleihen [‘The Pros and Cons of the Introduction of Inflation Indexed Bonds‘] Wirtschaftsdienst, vol. 84 (2004), 174-179.
  • Fendel, R., Grenzen und Perspektiven der Verwendung geldpolitischer Regeln [‘Limitations and Perspectives for the Use of Monetary Policy Rules’], Perspektiven der Wirtschaftspolitik, vol. 5 (2004), 169-192.
  • Fendel, R. and Frenkel, M., Die Reform der Abstimmungsregeln des EZB-Rates: Eine kritische Analyse [‘The Reform of the ECB Voting Rules: A Critical Assessment’], List-Forum für Wirtschafts- und Finanzpolitik, vol. 29 (2003), 407-422.
  • Fendel, R. and Stadtmann, G., Zur Durchführbarkeit einer Devisentransaktionssteuer – An­merkungen zur Machbarkeits­studie von Bernd P. Spahn [‘On the Feasibility of a Tobin Tax’], Zeitschrift für Wirtschaftspolitik, vol. 52, (2003), 274-287.
  • Fendel, R. and Frenkel, M., The New ECB Voting System: Some Room for Improvement, Intereconomics, vol. 38 (2003), 334-338.
  • Fendel, R. and Frenkel, M., Deutschlands Abschneiden im Global Competitiveness Report 2002-03 [‘Germany’s Performance in the Global Competitiveness Report 2002-03’], Wirtschaftsdienst, vol. 83 (2003), 30-37.

Articles in Non-Refereed Pedagogical Journals

  • Fendel, R. and Ruelke, J.-C., Bank Run, Das Wirtschaftsstudium (WISU), Vol. 40 (5/2011), 655.
  • Fendel, R. and Bleich, D., Der Learning Ansatz II: eine geldpolitische Anwendung [‘The Learning Approach in Monetary Theory‘] Das Wirtschaftsstudium (WISU), Vol. 38 (11/2009), 1496-1502.
  • Fendel, R. and Bleich, D., Der Learning Ansatz I: eine Einführung [‘An Introduction into the Learning Approach in Macroeconomics‘], Das Wirtschaftsstudium (WISU), Vol. 38 (7/2009), 985-989.
  • Fendel, R. and Frenkel, M., Die Subprime-Krise 2007/08: Ursachen, Auswirkungen und Lehren [‘The Subrime Crisis 2007/08: Causes, Impact and Lessons‘], Wirtschafts­wissen­schaft­liches Studium (WiSt), vol. 38 (2009), 78-85.
  • Fendel, R. and Frenkel, M., Globalisierung und Zahlungsbilanzanpassung [‘Globalization and Balance of Payments Adjustment‘], Das Wirtschaftsstudium (WISU), Vol. 36 (2007), 1596-1600.
  • Fendel, R. and Frenkel, M., Examensklausur zur Volkswirtschaftslehre [‘Exam in Econo-mics‘], in Das Wirtschaftsstudium (WISU), Vol. 36 (2007), 972-976.
  • Fendel, R., Funke. K. and I. Koske, Analyse von Panel-Daten, Teil 1: Einheitswurzeltests,  [‘Unit Root Tests for Panel Data‘], Wirtschafts­wissen­schaft­liches Studium (WiSt), vol. 35 (2006), 422-427.
  • Fendel, R. and Frenkel, M., Geldpolitik und Zinsstruktur [‘Monetary Policy and the Term Structure of Interest Rates‘], Wirtschafts­wissen­schaft­liches Studium (WiSt), vol. 34 (2005), 678-684.
  • Fendel, R. and Frenkel, M., Die ‚Neue Keynesianische Phillipskurve’ [‘The New Keynesian Phillips Curve’], Das Wirtschaftsstudium (WISU), Vol. 34 (2005), vol. 34 (2005), 1279-1286.
  • Fendel, R., Paneldatenanalyse Teil II: Ein Anwendungsbeispiel [‘Introduction to Panel Data Analysis II: an Application’], Wirtschafts­wissen­schaft­liches Studium (WiSt), vol. 34 (2005), 41-44.
  • Fendel, R., Paneldatenanalyse Teil I: Theoretische Grundlagen [‘Introduction to Panel Data Analysis I: Theory’], Wirtschafts­wissenschaftliches Studium (WiSt), vol. 33 (2004), 736-740.
  • Fendel, R. and Frenkel, M., Die Verallgemeinerte Momentenmethode am Beispiel der Euler-Konsum-Gleichung [‘The Generalized Method of Moments: the Example of the Euler Consumption Equation’], Das Wirtschaftsstudium (WISU), vol. 33 (2004), 1417-1423.
  • Fendel, R. and Frenkel, M., Die Europäische Zentralbank im Wandel [’The ECB in the Process of Change’], Das Wirtschaftsstudium (WISU), vol. 33 (2004), 458-464.
  • Fendel, R., Neuere Entwicklungen in der Konjunkturtheorie [‘New Developments in Business Cycle Theory’], Wirtschaftswissen­schaftliches Studium (WiSt), vol. 33 (2004), 74-79.
  • Fendel, R. and Frenkel, M., Studienblatt Geldpolitik [’Study Sheet on Monetary Policy’], Das Wirtschaftsstudium (WISU), Supplement to issue 1, vol. 33 (2004).
  • Fendel, R. and Frenkel, M., Taylor-Regel und direkte Inflationssteuerung [‘Taylor Rule and Inflation Targeting’], Das Wirtschafts­studium (WISU), vol. 31, 2002, 1139-1147.
  • Fendel, R., Neue Makroökonomik offener Volkswirtschaften [‘New Open Economy Macro­economics’], Wirtschaftswissenschaftliches Studium (WiSt), vol. 31, 2002, 2-8.

Chapters in Books

  • Fendel, R. and Frenkel, M., Global Competitiveness – Deutschland im Ranking des World Economic Forum [‘Global Competitiveness – Germany in the Ranking of the World Economic Forum’], in: Empter, S. and R. B. Vehrkamp (eds.), Wirtschaftsstandort Deutschland 2006 – Abstieg eines Superstars?, VS-Verlag, Wiesbaden 2006, 79-98.
  • Fendel, R. and Frenkel, M., Crises and Contagion in Financial Markets, in: Frenkel, M., Kar­mann, A. und  B. Scholtens (eds.), Sovereign Risk, Financial Crises and Stability, Ber-lin/Heidelberg 2004, 127-141.
  • Fendel, R. and Frenkel, M., The Economic Significance of the German Mittelstand, in: Hom­burg, C. et al. (eds.), The Structure and Dynamics of the German Mittelstand, Springer Verlag, Berlin 1998, 1-26.

Papers and Proceedings

  • Fendel, R., Die Herausforderung der Schaffung einer nachhaltigen Schuldentragfähigkeit im Rahmen der HIPC-Initiative [‘Sustainable Debt under the HIPC Initiative’], in: Klump. R., Langhammer, R. (eds.), Finanzierung von Entwicklung, Frankfurt 2002, 97-110.
  • Fendel, R., Regionale Ungleichheit, Marktchancen und Ansatzpunkte für die Entwicklungs­politik [‘Regional Disparity, Market Access and Development Policies’], in: Hemmer, H.-R., Nienhaus, V. (eds.), Verteilung und Entwicklung, Frankfurt 2001, 41-59.
  • Fendel, R., Finanzmarktliberalisierung und endogenes Wachstum – Wirkungskanäle, Kontro­versen und empirischer Befund [‘Financial Liberalization and Endogenous Growth – Theory, Controversies and Empirical Aspects’], in: Hemmer, H.-R., Kroh, W. (eds.), Weiterent­wicklungen der Wachstums­theorie, Frankfurt 2000, 171-183.
  • Fendel, R. and Frenkel, M., Catching-up, Falling Behind and the Role of Openness in the Process of Development, in: Bender, D., Hemmer, H.-R. (eds.), Entwicklungsländer im Zeitalter der Globalisierung, Frankfurt 1999, 11-36.

Book Reviews

  • Gnos, C. and Rochon, L.-P. (eds.), Monetary Policy and Financial Stability – A Post-Keynesian Agenda, Journal of Economics and Statistics, vol. 230 (2010), 131.
  • Saccomanni, F., Managing International Financial Stability – National Tamers versus Global Tigers, Journal of Economics and Statistics, vol. 229 (2009), 111-112.
  • Eichengreen, B, and J. Frieden (Eds.), Forging an Integrated Europe, Michigan 1997, Weltwirtschaftliches Archiv (Review of World Economics), vol. 136 (2000), 184-186.
  • Barro, R., Getting It Right - Markets and Choices in a Free Society, MIT Press, 1996, Signale 1/1998.
  • Krugman, P., Pop Internationalism, MIT Press, 1996, Signale 4/1997.
  • Methfessel, K., Wenn die DM geht - Wie Sie nicht zum Verlierer durch die Europäische Währungsunion werden, ECON-Verlag, 1996, Signale 3/1996, 49-50.

Non-Academic Journals

  • Fendel, R. and Stadtmann, G., Lebt die Diskussion um die Tobin Tax neu auf? [‘On the Discussion of the Tobin Tax’], Sparkasse 120, 2003, 482 - 484.
  • Fendel, R., Das Hysterese Phänomen im Außenhandel [‘Hysteresis in International Trade’], Signale, 1/1995, 37-42.