Details about Bernd Hayo

Access statistics for papers by Bernd Hayo.

Last updated 2026-07-13. Update your information in the RePEc Author Service.

Short-id: pha49

Working Papers

2026

1. Economic Causality in Light of Philosophical Concepts: Distinctly Idiosyncratic
   MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
2. Estimating the Demand for a Digital Euro: A Survey Approach for France, Germany and Italy
   Research Papers in Economics, University of Trier, Department of Economics
   Also in CESifo Working Paper Series, CESifo (2026)

2025

3. Documentation Paper — Attitude Towards and Demand for a Digital Euro: A Representative Survey in France, Germany, and Italy
   Research Papers in Economics, University of Trier, Department of Economics View citations (1)
4. Documentation Paper: Representative Survey on Inflation Expectations and Knowledge about Monetary and Financial Topics in Germany Conducted in 2025
   MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
5. Drawbacks of Household Panel Data on Inflation Perceptions and Expectations: Non-Representativeness and Selectivity
   MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
6. Drawbacks of Household Panel Data on Inflation Perceptions and Expectations: Representativeness and Selectivity Issues
   VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy, Verein für Socialpolitik / German Economic Association
7. Fiscal talks: Parliamentary debates and government expenditure
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)
8. Inflation Expectations of the General Public under Supply Constraints: Evidence from a Survey Experiment
   MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

2024

9. The Effect of Immigration on the German Housing Market
   VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges, Verein für Socialpolitik / German Economic Association
   Also in MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2022) View citations (1)
   Working Papers CEB, ULB -- Universite Libre de Bruxelles (2024)
10. The Marginal Propensity to Consume and Household Savings During the COVID-19 Pandemic: Evidence from Thailand and Vietnam
    Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
11. The Perceived Impact of Immigration on Native Workers' Labour Market Outcomes
    IZA Discussion Papers, IZA Network @ LISER
    Also in MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2024)
    See also Journal Article The perceived impact of immigration on native workers’ labour market outcomes, European Journal of Political Economy, Elsevier (2024) View citations (1) (2024)
12. The Relationship between Inflation Expectations and Consumption in Exceptional Times: Evidence from Thailand and Vietnam during the COVID-19 Pandemic
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

2023

13. A Storm Between Two Waves: Recovery Processes, Social Dynamics, and Heterogeneous Effects of Typhoon Haiyan on Social Preferences
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
14. Documentation Paper: Representative Survey on Attitudes and Knowledge About Inflation and Monetary Policy in Germany Conducted in December 2022
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
15. Does the ECB’s Monetary Policy Affect Personal Finances and Economic Inequality? A Household Perspective from Germany
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (2)
16. Fiscal Reform in Spanish Municipalities: Gender Differences in Budgetary Adjustment
    CESifo Working Paper Series, CESifo
    Also in MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2023)
17. Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions
    Working Papers CEB, ULB -- Universite Libre de Bruxelles View citations (7)
    Also in MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2021) View citations (5)
    CESifo Working Paper Series, CESifo (2023) View citations (7)
    See also Journal Article Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions, Journal of Macroeconomics, Elsevier (2023) View citations (7) (2023)
18. Preaching to the Agnostic: Inflation Reporting Can Increase Trust in the Central Bank but Only among People with Weak Priors
    CESifo Working Paper Series, CESifo
    Also in Working Papers CEB, ULB -- Universite Libre de Bruxelles (2023)
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2022) View citations (2)
    See also Journal Article Preaching to the agnostic: Inflation reporting can increase trust in the central bank but only among people with weak priors, Journal of International Money and Finance, Elsevier (2024) View citations (16) (2024)

2022

19. Documentation Paper: Representative Survey on Attitudes and Knowledge About Inflation and Monetary Policy in Germany Conducted in December 2021
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
20. Housing Market Convergence: Evidence from Germany
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
    See also Journal Article Housing market convergence: evidence from Germany, Applied Economics, Taylor & Francis Journals (2025) (2025)
21. The Influence of Politicians’ Sex on Political Budget Cycles: An Empirical Analysis of Spanish Municipalities
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (3)
22. The Marginal Propensity to Consume During the COVID-19 Pandemic: Evidence from Thailand and Vietnam
    Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
    Also in MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2022)
23. What’s that noise? Analysing sentiment-based variation in central bank communication
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

2021

24. Consumer Sentiment During the COVID-19 Pandemic
    VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association
25. Consumer Sentiment During the COVID-19 Pandemic: The Role of Others‘ Beliefs
    Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät View citations (5)
    Also in CESifo Working Paper Series, CESifo (2021) View citations (5)
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2020)
26. Does Quantitative Easing Affect People’s Personal Financial Situation and Economic Inequality? The View of the German Population
    VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association
27. Estimating Policy-Corrected Long-Term and Short-Term Tax Elasticities for the United States, Germany, and the United Kingdom
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (1)
28. Judicial Independence: Why Does De Facto Diverge from De Jure?
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
    See also Journal Article Judicial independence: Why does de facto diverge from de jure?, European Journal of Political Economy, Elsevier (2023) View citations (4) (2023)
29. Legislative Tax Announcements and GDP: Evidence from the United States, Germany, and the United Kingdom
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (1)
    See also Journal Article Legislative tax announcements and GDP: Evidence from the United States, Germany, and the United Kingdom, Economics Letters, Elsevier (2022) View citations (3) (2022)
30. State-Dependent Effects of Tax Changes in Germany and the United Kingdom
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (4)
31. The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (4)
    See also Journal Article The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom, Journal of Macroeconomics, Elsevier (2023) View citations (3) (2023)
32. The Effects of Fiscal Policy on Households during the COVID-19 Pandemic
    VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association
33. The Effects of Fiscal Policy on Households during the COVID-19 Pandemic: Evidence from Emerging Economies
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
    Also in Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät (2021) View citations (1)
    MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2021)