Peter Tillmann

Current research

"Debating the Bundeswehr", with Albina Latifi, Viktoriia Naboka-Krell and Peter Winker, February 2025, [paper].

"The Emotions of Monetary Policy", with Mamadou-Lamine Barry, Brenton Joey Bruns, Sinem Kandemir, Jens Klose and Victor Smirnov, March 2025 [paper] [covered by Financial Times (FT alphaville), Reuters, Central Banking, PYMNTS].

"Gains from Gunboats: U.S. Aircraft Carriers and Financial Markets in East Asia", with Jinyeong Yun, January 2025 [paper].

"Disagreement about Fiscal Policy", with Albina Latifi, Viktoriia Naboka-Krell and Peter Winker, November 2024, [paper] [covered by FAZ, Süddeutsche Zeitung].

"Geopolitics in the Boardroom: How German Managers Respond to the War in Ukraine", with Moritz Grebe and Sinem Kandemir, October 2024 [paper][data] [covered by FAZ].

"Inflation Disagreement and Monetary Transmission in Korea", with Boreum Kwak and Seri Shim, June 2024 [paper].

"The FOMC Attention Cycle", with David Finck, March 2024 [paper].

"The Inflationary Effects of Global Supply Chain Shocks: Evidence from Swedish Microdata", with David Finck and Mathias Klein, October 2024 [paper].

"The Macroeconomic Effects of Global Supply Chain Disruptions", with David Finck, April 2023 [paper].

"The Impact of Monetary Policy on Non-Bank Financial Institutions: New Evidence", with Anisa Tiza Mimun, July 2023. Featured in [Börsenzeitung].

"Not all ECB Meetings are Created Equal", with Sinem Kandemir, August 2024 [paper].

Other writings

"Digital, nachhaltig, drittmittelstark: Die Ausschreibungen von VWL-Professuren in Deutschland", with Kathrin Stock and Andreas Walter, forthcoming, Perspektiven der Wirtschaftspolitik.

"Die Fed und die Schwellenländer: Was diesmal anders ist", Frankfurter Allgemeine Zeitung, March 06, 2024 [article].

"Ukrainekrieg: Was sagen mehr als 8 Mio. Tweets?", with Moritz Grebe and Sinem Kandemir, Wirtschaftsdienst, July 2023  [article].

"Europäische Zentralbank: Transmission Protection Instrument", Wirtschaftsdienst, August 2022 [article].

Selected publications since 2019 (see Google Scholar for more)

"Monetary Policy Spillovers: Is This Time Different?", with Hongyi Chen, Journal of International Money and Finance, forthcoming.

"Household Expectations and Dissent Among Policymakers", with Moritz Grebe, European Journal of Political Economy, 2025 [paper].

"Fiscal Policy in the Bundestag: Textual Analysis and Macroeconomic Effects", with Albina Latifi, Viktoriia Naboka-Krell and Peter Winker, European Economic Review, 2024 [paper][appendix].

"The Asymmetric Effect of Supply Chain Pressure on Inflation", Economics Letters, 2024 [paper].

"Uncertainty about the War in Ukraine: Measurement and Effects on the German Economy", with Moritz Grebe and Sinem Kandemir, Journal of Economic Behavior and Organization, 2024 [paper] [data].

"Lockdown Spillovers", with Hongyi Chen, Journal of International Money and Finance, 2023 [paper].

"Macroeconomic Surprises and the Demand for Information about Monetary Policy", International Journal of Central Banking, 2023 [paper][appendix].

"The Role of Global and Domestic Shocks For Inflation Dynamics: Evidence from Asia", with David Finck, Oxford Bulletin of Economics and Statistics, 2022 [paper][appendix].

"Financial Markets and Dissent in the ECB's Governing Council", European Economic Review, 2021, [paper] [appendix].

"Pandemic Shocks and Household Spending", with David Finck, Oxford Bulletin of Economics and Statistics, 2022 [paper][appendix].

“Mortgage Debt and Time-Varying Monetary Policy Transmission”, with David Finck and Jörg Schmidt, Macroeconomic Dynamics, 2023 [paper][appendix].

"Monetary Policy Uncertainty in China", with Hongyi Chen, Journal of International Money and Finance, 2021.

“Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks”, Journal of Money, Credit and Banking, 2020 [paper][appendix].

“International Capital Flows, External Assets and Output Volatility”, with Mathias Hoffmann and Michael Krause, Journal of International Economics, 2019.