Scientific publications

1. Refereed Journals

von Kalckreuth, Ulf, Tobias Schmidt, Helmut Stix (2014), Using cash to monitor liquidity – implications for payments, currency demand and withdrawal behavior, Journal of Money, Credit and Banking, Vol 46(8), 1753-1786.

von Kalckreuth, Ulf, Tobias Schmidt, Helmut Stix (2014), Choosing and using payment instruments: evidence from German microdata, Empirical Economics, Vol 46(3), 1019-1055.

von Kalckreuth, Ulf and Guntram Wolff (2011), Identifying discretionary fiscal policy with real-time data, Journal of Money, Credit and Banking, Vol. 43(6), 1271-1285.

von Kalckreuth, Ulf  (2011), Panel estimation of state dependent adjustment when the target is unobserved, Empirical Economics, Vol. 40(1), 205-235.

von Fürstenberg, George and Ulf von Kalckreuth, Dependence on external finance by manufacturing sector: Examining the measure and its properties. Économie internationale, Vol. 111(1), 2007, p. 55-80, accepted version, pdf 188 kB

von Kalckreuth, Ulf and Gerhard Ziebarth, Globalisation, accumulation and inequality – the case of Germany. Zeitschrift für Wirtschaftspolitik, Vol. 56(2), 2007, 231-251, accepted version, pdf 416 kB

von Kalckreuth, Ulf, Financial constraints and capacity adjustment – Evidence from a large panel of survey data. Economica, Vol. 73, issue 292, 2006, 691-724, accepted version pdf, 217 KB

von Fürstenberg, George and Ulf von Kalckreuth – Dependence on external finance – an inherent industry characteristic? Open Economies Review Vol. 17(4), 2006, 541-559 

von Kalckreuth, Ulf and Manfred Krtscha, Stable solutions to homogeneous difference-differential equations with constant coefficients: Analytical instruments and an application to monetary policy. Applications of Mathematics, Vol. 49(4), 2004, 373-386.

von Kalckreuth, UlfExploring the role of uncertainty for corporate investment decisions in Germany. Swiss Journal of Economics, Vol. 139(2), 2003, 173-206. 

Jean-Bernard Chatelain, Ignacio Hernando, Andrea Generale, Ulf von Kalckreuth and Philip Vermeulen, New findings on firm investment and monetary transmission in the Euro area. Oxford Review of Economic Policy, Vol. 19(1), 2003, 1-11. 

von Kalckreuth, Ulf and Juergen Schroeder, Monetary transmission in the New Economy: Service life of capital, transmission channels and the speed of adjustment. Jahrbuch für Wirtschaftswissenschaften (Review of Economics) 53, December 2002, 125-141. 

2. Books

von Kalckreuth, Ulf, Financing Constraints and the Adjustment Dynamics of Enterprises. Habilitationsschrift zur Erlangung der Lehrbefugnis an der Universität Mannheim, unpublished, May 2008. Habilitation webpage

von Kalckreuth, Ulf, Wachstum und soziale Integration in dualistischen Volkswirtschaften. (Growth and social integration in dualistic economies), Berlin et al, Peter Lang, 1998, ISBN 3-631-34323-X Link

3. Book Chapters

von Kalckreuth, Ulf, and Gerhard Ziebarth, Wachstum tut not! Selbstalimentation und funktionale Einkommensverteilung im Wachstumsgleichgewicht einer offenen Volkswirtschaft. In: Makram El-Shagi and Gerhard Rübel (eds.): Aspekte der internationalen Ökonomie. Festschrift für Jürgen Schröder zum 65. Geburtstag. Deutscher Universitäts-Verlag, Wiesbaden, 2005

von Kalckreuth, Ulf, Financial constraints and real activity. A non-structural approach using UK survey data, BIS Papers No. 20, „Investigating the relationship between the financial and the real economy“, Bank for International Settlements, April 2005, 64-81

Chatelain, Jean-Bernard, Ignacio Hernando, Andrea Generale, Philip Vermeulen, and Ulf von Kalckreuth, Firm investment and monetary policy transmission in the euro area. In: Ignazio Angeloni, Anil Kashyap, Benoit Mojon (eds.), Monetary Policy Transmission in the Euro Area, Cambridge, Cambridge University Press, 2003, 133-161. 

von Kalckreuth, Ulf, Investment and monetay transmission in Germany: A microeconometric approach. In: Ignazio Angeloni, Anil Kashyap, Benoit Mojon (eds.), Monetary policy transmission in the Euro Area, Cambridge, Cambridge University Press, 2003, 173-186. 

von Kalckreuth, Ulf, Discussion of ‘The impact of uncertainty on investment plans’, by Paul Butzen, Catherine Fuss and Philip Vermeulen. In: Jan Smets, Catherine Fuss, Paul Butzen (eds.), Firms’ investment and finance decisions: Theory and empirical methodology, Cheltenham, Edward Elgar, 2003, 245-252

4. Not Refereed Journals

von Kalckreuth, U., Squaring the circle – providing annual account information for research in Germany. The annual accounts scientific database and its dissemination in the Deutsche Bundesbank, IFC-Bulletin No 45, Irving-Fisher Committee on Central Bank Statistics, Oct 2017

von Kalckreuth, Ulf (2014), A Research Data and Service Centre (RDSC) at the Deutsche Bundesbank:  a draft concept. IFC-Bulletin No 37, Irving-Fisher Committee on Central Bank Statistics, 2014; also published in Banco de Portugal, Supplement to the Statistical Bulletin 3/2013 – Papers presented at the Workshop on integrated management of micro databases.

von Kalckreuth, Ulf, Der finanzielle Akzelerator in der monetären Transmission (The financial accelerator in monetary transmission). Wirtschaftsdienst, Vol. 82 (9), September 2002, 555-560. 

5. Selected Working Papers

von Kalckreuth, U., Statistical governance and FDI in emerging economies. Deutsche Bundesbank Discussion Paper No 37/2019. pdf

von Kalckreuth, Ulf, Martin Eisele, Julia Le Blanc, Tobias Schmidt, Junyi Zhu: The PHF: a comprehensive panel survey on household finances and wealth in Germany. Deutsche Bundesbank Discussion Paper No. 13/2012. pdf

von Kalckreuth, Ulf and Leonid Silbermann (2010), Bubbles and incentives: A post-mortem Examination of the Neuer Markt in Germany, Deutsche Bundesbank Discussion Paper Series 1, No. 15/2010. pdf

von Kalckreuth, Ulf, Financing constraints, firm level adjustment of capital and aggregate implications. Deutsche Bundesbank Discussion Paper Series 1, No. 11/2008. pdf

von Kalckreuth, Ulf, Panel estimation of state dependent adjustment when the target is unobserved. Deutsche Bundesbank Discussion Paper Series 1, No. 09/2008. pdf

von Kalckreuth, Ulf and Guntram B. Wolff, Testing the contemporary fiscal policy discretion with real time data. Deutsche Bundesbank Discussion Paper Series 1, No. 24/2007. pdf

von Kalckreuth, Ulf, A wreckers theory of financial distress, Deutsche Bundesbank Discussion Paper Series 1 No 40/2005. pdf

von Kalckreuth, Ulf, and Emma Murphy, Financial constraints and capacity adjustment in the United Kingdom: Are small firms really different? Evidence from a large panel of survey data. Discussion paper 01/05, Economic Research Centre of the Deutsche Bundesbank,  also published as Bank of England Working Paper 260, May 2005. pdf

von Kalckreuth, Ulf, Financial constraints for investors and the speed of adaptation: Are innovators special? Discussion Paper No. 20/04, Economic Research Centre of the Deutsche Bundesbank, pdf

Breitung, Jörg, Robert S. Chirinko and Ulf von Kalckreuth, A vectorautoregressive investment model (VIM) and monetary policy transmission: Panel evidence from German firms. Discussion Paper No. 6/03, Economic Research Centre of the Deutsche Bundesbank, March 2003. pdf

Chirinko, Robert S. and Ulf von Kalckreuth, On the German monetary transmission mechanism: Interest rate and credit channels for investment spending. CESifo Working Paper No. 838, January 2003. pdf

Chirinko, Robert S. and Ulf von Kalckreuth, Further evidence on the relationship between firm investment and financial status, Discussion Paper of the Economic Research Centre of the Deutsche Bundesbank, No. 28/02, November 2002. pdf

von Kalckreuth, Ulf and Juergen Schroeder, Monetary transmission in the New Economy: Service life of capital, transmission channels and the speed of adjustment. Discussion Paper No. 16/02, Economic Research Centre of the Deutsche Bundesbank, July 2002. pdf

von Kalckreuth, Ulf, and Manfred Krtscha, Stable solutions to homogeneous difference-differential equations with constant coefficients: Analytical instruments and an application to monetary policy. Institut für Volkswirtschaftslehre und Statistik, Discussion Paper 608-2002, April 2002. pdf

Chatelain, Jean-Bernard, Ignacio Hernando, Andrea Generale, Philip Vermeulen, and Ulf von Kalckreuth, Firm investment and monetary transmission in the Euro area. Discussion Paper 20/01, Economic Research Centre of the Deutsche Bundesbank (also as ECB Working Paper 112, December 2001). pdf

von Kalckreuth, Ulf, Monetary transmission in Germany: New perspectives on financial constraints and investment spending. Discussion Paper 19/01, Economic Research Centre of the Deutsche Bundesbank (also as ECB Working Paper 109, December 2001). pdf

von Kalckreuth, Ulf, Ethnic dualism and communication costs – Explaining segmentation and wage inertia. Institut für Volkswirtschaftslehre und Statistik. Universität Mannheim, Discussion Paper No. 593-2000, November 2000. pdf

von Kalckreuth, Ulf, Exploring the role of uncertainty for corporate investment decisions in Germany. Discussion Paper 5/00, September 2000, Economic Research Centre of the Deutsche Bundesbank. pdf

von Kalckreuth, Ulf, Social learning in dualistic societies: Segregation, growth and distribution. Institut für Volkswirtschaftslehre und Statistik. Universität Mannheim, Discussion Paper No. 571-99, January 2000. pdf

von Kalckreuth, Ulf, Social interactions – Is there really an identification problem? Institut für Volkswirtschaftslehre und Statistik Universität Mannheim, Discussion Paper No. 567-99, November 1999. pdf