Research |https://mathiashoffmann.net/publications/ResearchHugoBlox Kit (https://hugoblox.com)en-usSat, 01 Nov 2025 00:00:00 +0000https://mathiashoffmann.net/media/icon_hu_d8f5438274d91232.pngResearchhttps://mathiashoffmann.net/publications/Global Tides on Local Shores: How Do International Capital Flows Affect House Prices?https://mathiashoffmann.net/publications/wp-global-tides/Sat, 01 Nov 2025 00:00:00 +0000https://mathiashoffmann.net/publications/wp-global-tides/Branch Banking and Regional Financial Markets: Evidence from Prewar Japanhttps://mathiashoffmann.net/publications/hoffmann-2025-branch-banking/Wed, 01 Oct 2025 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2025-branch-banking/Dollar Funding and Housing Markets: The Role of non-US Global Bankshttps://mathiashoffmann.net/publications/wp-dollar-funding/Wed, 01 Oct 2025 00:00:00 +0000https://mathiashoffmann.net/publications/wp-dollar-funding/The Granular Origins of the Global Financial Cyclehttps://mathiashoffmann.net/publications/wp-granular-origins/Wed, 01 Jan 2025 00:00:00 +0000https://mathiashoffmann.net/publications/wp-granular-origins/Growing Green: How State-Level Banking Deregulation Helped Reduce Industrial Emissionshttps://mathiashoffmann.net/publications/wp-growing-green/Sat, 01 Jun 2024 00:00:00 +0000https://mathiashoffmann.net/publications/wp-growing-green/Softening the Blow: U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shockhttps://mathiashoffmann.net/publications/hoffmann-2024-softening/Mon, 01 Jan 2024 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2024-softening/Growing Like Germany: Local Public Debt, Local Banks, Low Private Investmenthttps://mathiashoffmann.net/publications/wp-growing-like-germany/Wed, 01 Feb 2023 00:00:00 +0000https://mathiashoffmann.net/publications/wp-growing-like-germany/`By a Silken Thread': Regional Banking Integration and Credit Reallocation during Japan's Lost Decadehttps://mathiashoffmann.net/publications/hoffmann-2022-silkenthread/Sat, 01 Jan 2022 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2022-silkenthread/Small Firms and Domestic Bank Dependence in Europe's Great Recessionhttps://mathiashoffmann.net/publications/hoffmann-2022-smallfirms/Sat, 01 Jan 2022 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2022-smallfirms/Holes in the Dike: The Global Savings Glut, U.S. House Prices, and the Long Shadow of Banking Deregulationhttps://mathiashoffmann.net/publications/hoffmann-2020-holes/Wed, 01 Jan 2020 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2020-holes/Channels of Risk Sharing in the Eurozone: What Can Banking and Capital Market Union Achieve?https://mathiashoffmann.net/publications/hoffmann-2019-channels/Tue, 01 Jan 2019 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2019-channels/Shocks and Risk Sharing in the EMU: Lessons for Banking and Capital Market Unionhttps://mathiashoffmann.net/publications/hoffmann-2018-shocks/Mon, 01 Jan 2018 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2018-shocks/A Provincial View of Global Imbalances: Regional Capital Flows in Chinahttps://mathiashoffmann.net/publications/cudre-2017-provincial/Sun, 01 Jan 2017 00:00:00 +0000https://mathiashoffmann.net/publications/cudre-2017-provincial/Systematic Consumption Risk in Currency Returnshttps://mathiashoffmann.net/publications/hoffmann-2017-systematic/Sun, 01 Jan 2017 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2017-systematic/The Consumption--Income Ratio, Entrepreneurial Risk, and the U.S. Stock Markethttps://mathiashoffmann.net/publications/hoffmann-2014-consumption/Wed, 01 Jan 2014 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2014-consumption/What Drives China's Current Account?https://mathiashoffmann.net/publications/hoffmann-2013-china/Tue, 01 Jan 2013 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2013-china/Securitization of Mortgage Debt, Domestic Lending, and International Risk Sharinghttps://mathiashoffmann.net/publications/hoffmann-2012-securitization/Sun, 01 Jan 2012 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2012-securitization/Consumption Risk Sharing over the Business Cycle: The Role of Small Firms' Access to Credit Marketshttps://mathiashoffmann.net/publications/hoffmann-2011-consumption/Sat, 01 Jan 2011 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2011-consumption/Has Risk Sharing Increased in Asia (and Elsewhere)?https://mathiashoffmann.net/publications/hoffmann-2011-asia/Sat, 01 Jan 2011 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2011-asia/The Home Bias, Capital Income Flows and Improved Long-Term Consumption Risk Sharing between Industrialized Countrieshttps://mathiashoffmann.net/publications/hoffmann-2011-homebias/Sat, 01 Jan 2011 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2011-homebias/Equity Fund Ownership and the Cross-Regional Diversification of Household Riskhttps://mathiashoffmann.net/publications/becker-2010-equity/Fri, 01 Jan 2010 00:00:00 +0000https://mathiashoffmann.net/publications/becker-2010-equity/The Impact of the Euro on International Stability and Volatilityhttps://mathiashoffmann.net/publications/gerlach-2010-impact/Fri, 01 Jan 2010 00:00:00 +0000https://mathiashoffmann.net/publications/gerlach-2010-impact/The Swiss Franc Exchange Rate and Deviations from Uncovered Interest Parity: Global vs Domestic Factorshttps://mathiashoffmann.net/publications/hoffmann-2010-swissfranc/Fri, 01 Jan 2010 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2010-swissfranc/Real Exchange Rates and Real Interest Rate Differentials: A Present Value Interpretationhttps://mathiashoffmann.net/publications/hoffmann-2009-realexchange/Thu, 01 Jan 2009 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2009-realexchange/Consumption, Wealth and Business Cycles in Germanyhttps://mathiashoffmann.net/publications/hamburg-2008-consumption/Tue, 01 Jan 2008 00:00:00 +0000https://mathiashoffmann.net/publications/hamburg-2008-consumption/Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integrationhttps://mathiashoffmann.net/publications/artis-2008-declining/Tue, 01 Jan 2008 00:00:00 +0000https://mathiashoffmann.net/publications/artis-2008-declining/Financial Globalization, International Business Cycles and Consumption Risk Sharinghttps://mathiashoffmann.net/publications/artis-2008-financial/Tue, 01 Jan 2008 00:00:00 +0000https://mathiashoffmann.net/publications/artis-2008-financial/The Lack of International Consumption Risk Sharing: Can Inflation Differentials and Trading Costs Help Explain the Puzzle?https://mathiashoffmann.net/publications/hoffmann-2008-lack/Tue, 01 Jan 2008 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2008-lack/Intra- and International Risk-Sharing in the Short Run and the Long Runhttps://mathiashoffmann.net/publications/becker-2006-intra/Sun, 01 Jan 2006 00:00:00 +0000https://mathiashoffmann.net/publications/becker-2006-intra/Comment on Michael D. Bordo and Thomas F. Helbling `Have National Business Cycles become more synchronized?'https://mathiashoffmann.net/publications/hoffmann-2004-comment/Thu, 01 Jan 2004 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2004-comment/International Capital Mobility in the Long Run and the Short Run: Can We Still Learn from Saving-Investment Data?https://mathiashoffmann.net/publications/hoffmann-2004-capital/Thu, 01 Jan 2004 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2004-capital/International Macroeconomic Fluctuations and the Current Accounthttps://mathiashoffmann.net/publications/hoffmann-2003-international/Wed, 01 Jan 2003 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2003-international/Long Run Recursive VAR Models and QR Decompositionshttps://mathiashoffmann.net/publications/hoffmann-2001-longrun/Mon, 01 Oct 2001 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2001-longrun/The Relative Dynamics of Investment and the Current Account in the G7 Economieshttps://mathiashoffmann.net/publications/hoffmann-2001-relative/Tue, 01 May 2001 00:00:00 +0000https://mathiashoffmann.net/publications/hoffmann-2001-relative/