Guntram Wolff is as a German economist. He is the deputy director of Bruegel, the European think tank contributing to the quality of European economic policy making.

Previously, he worked for the European Commission's DG for Economic and Financial Affairs (DG ECFIN) where his work focused on the macroeconomics of the euro area and the reform of euro area governance. Prior to joining the Commission he was an economist in the economics and research departments of the Deutsche Bundesbank, where he coordinated the research group on fiscal policy
.

Education

He holds a PhD from the University of Bonn where he was a research fellow at the Center for European Integration Studies (ZEI).
He studied economics in Bonn, Toulouse, Pittsburgh and Passau and he taught economics at the University of Pittsburgh. He currently is also an adviser to the International Monetary Fund.

Publications

Recent Bruegel publications can be found here: http://www.bruegel.org/publications/publication-listing/author/213-guntram-b-wolff/

• Identifying discretionary fiscal policy reactions with real time data, with Ulf von Kalckreuth, Journal of Money, Credit and Banking 2011, .

• Heterogeneity in money holdings across euro area countries: the role of housing, with Ralph Setzer and Paul van den Noord, European Journal of Political Economy, older version: European Economy - Economic Paper 407, Deutsche Bundesbank DP 4/2010. see also: VoxEu.org, May 15. 2010 and European Economy Research Letter

• The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis with Kirsten H. Heppke-Falk and Jörn Tenhofen, Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 230 (3), 2010. older version Bundesbank DP 41-2006

• The German sub-national government bond market: structure, determinants of yield spreads and Berlin’s foregone bail-out with Alexander Schulz, Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 229(1), 61-83, 2009. An initial version of the article appeared as Bundesbank DP 6-2008, see also Bundesbank monthly bulletin article of June 2008.

• Fiscal institutions, fiscal policy and sovereign risk premia in EMU with Mark Hallerberg, Public Choice, 136(3-4), 379-396, 2008. (Springer online ) working paper: Bundesbank DP 35-2006.

• The effectiveness of subsidies revisited: accounting for wage and employment effects in business R&D with Volker Reinthaler, Research Policy, 37, 1403–1412, 2008.

• Moral hazard and bail-out in fiscal federations: Evidence for the German Länder with Kirsten Heppke-Falk, Kyklos – International Review for Social Sciences, 61(3), 425-46, 2008

• Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia with Kerstin Bernoth, Scottish Journal of Political Economy, 55(4), 465-87, 2008

• Fiscal Crises in U.S. Cities: Structural and Non-structural Causes, ICFAI Journal of Public Finance, VI(1), February 2008

• Foreign direct investment in the enlarged EU: do taxes matter and to what extent?, Open Economies Review 18(3), 327-46, 2007.

• What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU with Jürgen von Hagen, Journal of Banking and Finance, volume 30 (12), 3259-3279, 2006.

• Measuring tax burdens in Europe"", The Swiss Review of International Economic Relations (Aussenwirtschaft), volume 3/2006.

• A Compromise Estimate of German Net National Product 1851-1913 and its Implications for Growth and Business Cycles with Carsten Burhop, Journal of Economic History, volume 65 (3), p. 613-657, 2005.

• Data and method choice and their relevance for business cycle history; Datenwahl, Methodenwahl und ihre Bedeutung für die Konjunkturgeschichte (German with English abstract, with Carsten Burhop, Vierteljahrschrift für Sozial- und Wirtschaftsgeschichte, volume 91 (2), 2004. (abstract).