WorldCat Identities

Woitek, Ulrich

Works: 12 works in 37 publications in 2 languages and 80 library holdings
Genres: History 
Roles: Thesis advisor
Publication Timeline
Most widely held works by Ulrich Woitek
Did monetary forces cause the Great Depression? : a bayesian VAR analysis for the US economy by Albrecht Ritschl( Book )

12 editions published in 2000 in English and held by 29 WorldCat member libraries worldwide

Productivity shocks and aggregate cycles in an estimated endogenous growth model by James R Malley( Book )

4 editions published in 2009 in English and held by 10 WorldCat member libraries worldwide

Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate cycles in output, consumption, investment and hours. To contextualize our findings, we also assess whether the human capital model or the standard real business cycle (RBC) model better explains the observed variation in these aggregates. We find that while neither of the workhorse growth models uniformly dominates the other across all variables and forecast horizons, the two-sector model provides a far better fit to the data. Some other key results are first, that Hicks-neutral shocks explain a greater share of output and consumption variation at shorter-forecast horizons whereas human capital productivity innovations dominate at longer ones. Second, the combined explanatory power of the two technology shocks in the human capital model is greater than the Hicks-neutral shock in the RBC model in the medium- and long-term for output and consumption. Finally, the RBC model outperforms the two-sector model with respect to explaining the observed variation in investment and hours
Technology shocks and aggregate fluctuations in an estimated hybrid RBC model by James R Malley( Book )

5 editions published in 2009 in English and held by 9 WorldCat member libraries worldwide

This paper contributes to the on-going empirical debate regarding the role of the RBC model and in particular of technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov-Chain Monte-Carlo (MCMC) methods. Within this framework we extend Ireland's (2001, 2004) hybrid estimation approach to allow for a vector autoregressive moving average (VARMA) process to describe the movements and co-movements of the model's errors not explained by the basic RBC model. The results of marginal likelihood ratio tests reveal that the more general model of the errors significantly improves the model's fit relative to the VAR and AR alternatives. Moreover, despite setting the RBC model a more difficult task under the VARMA specification, our analysis, based on forecast error and spectral decompositions, suggests that the RBC model is still capable of explaining a significant fraction of the observed variation in macroeconomic aggregates in the post-war U.S. economy
Overvalued: Swedish monetary policy in the 1930s by Alexander Rathke( Book )

5 editions published in 2011 in English and held by 4 WorldCat member libraries worldwide

This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank in the 1930s is sometimes seen as an example of a central bank that was relatively innovative in terms of the conduct of monetary policy. To consider this analytically, we estimate a small-scale, structural general equilibrium model of a small open economy using Bayesian methods. We find that the model captures the key dynamics of the period surprisingly well. Importantly, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden's exchange rate policy unintentionally contributed to the Swedish growth miracle of the 1930s, avoiding a major slump in 1932 and enabling the country to benefit quickly from the eventual recovery of world demand
Emerging from the war gold standard mentality, current accounts and the international business cycle 1885 - 1939 by Mathias Hoffmann( Book )

3 editions published in 2011 in English and held by 2 WorldCat member libraries worldwide

We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We interpret this as evidence for Gold Standard mentality: the expectation formation mechanism with respect to major macroeconomic variables driving the current account - output, exchange rates and interest rates - has remained fundamentally stable between the two periods. Nonetheless, the macroeconomic environment changed: Volatility increased generally, but less so for international capital flows than for GDP. This pattern is consistent with shocks in the Interwar period becoming more persistent and more global.-- Current Accounts ; Capital Flows ; Business Cycles ; Great Depression ; Gold Standard ; Emerging Markets ; Present-Value models
Historical development of sovereign wealth funds and their asset allocation by Philipp Zollinger( Book )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

Hexen zählen : Möglichkeiten und Grenzen quantitativer Ansätze in der Hexenforschung by Maurizi Gaffuri( Book )

1 edition published in 2011 in German and held by 1 WorldCat member library worldwide

A small open economy in the Great Depression : the case of Switzerland( Book )

2 editions published in 2014 in English and held by 1 WorldCat member library worldwide

Die Wirtschaft der Schweiz während des Ersten und Zweiten Weltkrieges by Thomas Studer( Book )

1 edition published in 2013 in German and held by 1 WorldCat member library worldwide

Charter cities as a tool for development policy by O Hoff( Book )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Die Geldpolitik der Deutschen Bundesbank 1973 bis 1982 by Matthias Wettstein( Book )

1 edition published in 2005 in German and held by 1 WorldCat member library worldwide

Economic development and the business cycle : applications to emerging markets and the Great Depression by Peter Rosenkranz( Book )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

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English (34)

German (3)