Publications & Research

Philipp Maier

Assistant Chief

Mail:

Bank of Canada
234 Wellington Street
Ottawa, Ontario K1A 0G9
Canada

Email:

pmaier@bankofcanada.ca

Phone:

613 782-7679

Other:

Curriculum vitae (.PDF format)

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Education:

• Ph.D., in Economics, University of Groningen, The Netherlands (2001)
• M.A., in Economics, University of Göttingen, Germany (1997)
• B.A., in Economics, University of Saarebruck, Germany (1994)

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Research Interests:

• International macroeconomics
• Decision-making in committees

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Publications:

Refereed journals:

"Hedge Funds and Financial Stability: Regulating Prime Brokers Will Mitigate Systemic Risks"
(with Michael King), Journal of Financial Stability, 2009, forthcoming.

"Renewing IMF Surveillance: Transparency, Accountability and Independence"
(with Eric Santor and Robert Lavigne, Review of International Organizations, March 2009, 4: 1

"A wave of protectionism? An analysis of economic and political considerations"
World Economy 2009, 9:2

"EMU enlargement: Why flexibility matters"
(with Maarten Hendrikx), Beyond Transition 2007, January-March, 3.

Kakes, J., Maier, P. and Sturm, J.-E.: 2001, Monetary transmission and bank lending in Germany, Kredit und Kapital 31 (4), 505-525.

Leertouwer, E. and Maier, P.: 2001, Who creates political business cycles?, European Journal of Political Economy 17 (3), 445-463.

Leertouwer, E. and Maier, P.: 2002, International and domestic constraints on political business cycles in OECD economies: A comment, International Organization 56 (1), 209-221.

Maier, P.: 2000, Pressure on the Bundesbank?, Kredit und Kapital 33 (4), 1-30.

Maier, P.: 2002b, Rhetoric and action, Public Choice 112 (3-4), 235-258.

Maier, P. and Bezoen, S.: 2004, Supporting and bashing central banks: The Bundesbank and the European Central Bank, European Journal of Political Economy 20 (4), 923-939.

Maier, P. and Cavelaars, P.: 2004, Convergence of price levels: Lessons from the German reunification, Journal of Comparative Economics 32 n^o3, 467-481.

Maier, P. and Hendrikx, M.: 2003, Implications of EMU enlargement for European monetary policy: A political economy view, Kredit und Kapital 36 (2), 137-166.

Maier, P. and Knaap, T.: 2002, Who supported the Deutsche Bundesbank?, Journal of Policy Modeling 24 (9), 831-851.

Maier, P., Sturm, J.-E. and de Haan, J.: 2002, Political pressure on the Bundesbank: An empirical investigation using the Havrilesky approach, Journal of Macroeconomics 24 (1), 103-123.

Books:

Maier, P.: 2002a, Political Pressure, Rhetoric and Monetary Policy: Lessons for the European Central Bank, Edward Elgar, Cheltenham.

Maier, P. and de Haan, J.: 2000, How independent is the Bundesbank really? A survey, in J. de Haan (ed.), History of the Bundesbank: Lessons for the ECB, Routledge, London, pp. 6-42.

Bank of Canada Publications:

"On the Advantages of Disaggregated Data: Insights from Forecasting the U.S. Economy in a Data-Rich Environment"
(with Nikita Perevalov), Bank of Canada Working Paper No. 2010-10.

"What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates"
(with Jean-Philippe Cayen, Donald Coletti, and René Lalonde), Bank of Canada Working Paper No. 2010-5.

"How Changes in Oil Prices Affect the Macroeconomy."
(with Brian DePratto and Carlos de Resende), Bank of Canada Working Paper No. 2009-33.

"Conference Summary: International Experience with the Conduct of Monetary Policy under Inflation Targeting,"
Bank of Canada Review, Winter 2008-2009.

"Emerging Asia's Impact on Food and Oil Prices: A Model-Based Analysis"
(with René Lalonde, and Dirk Muir), Bank of Canada Discussion Paper No. 2009-3.

"The Canadian Dollar and Commodity Prices: Has the Relationship Changed over Time?,"
(with Brian DePratto), Discussion Paper, No. 2008-15.

"Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?,"
(with Garima Vasishtha), Bank of Canada Working Paper, No. 2008-25.

"Reforming the IMF: Lessons from Modern Central Banking,"
(with Eric Santor), Discussion Paper, No. 2008-6.

"A Wave of Protectionism? An Analysis of Economic and Political Considerations,"
Bank of Canada Working Paper, No. 2008-2.

"Hedge Funds and Financial Stability: The State of the Debate"
(with Michael R. King) Bank of Canada Discussion Paper No. 2007-9.

"A Vision for IMF Surveillance,"
(with Robert Lavigne and Eric Santor), Bank of Canada Working Paper, No. 2007-37.

"Do We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring,"
Bank of Canada Working Paper, No. 2007-10.

"Monetary Policy Committees in Action: Is There Room for Improvements?,"
Bank of Canada Working Paper, No. 2007-6.

Other Publications:

King, M. R. and Maier, P.: 2009b, Would greater regulation of hedge funds reduce systemic risk?, in R. W. Kolb (ed.), Lessons from the Financial Crisis: Insights and Analysis from Today's Leading Minds, John Wiley

Bosman, R., Maier, P., Sadiraj, V. and van Winden, F.: 2004, Let Me Vote! An experimental study of the effects of vote rotation in committees, De Nederlandsche Bank Working Paper Series 23.

Maier, P.: 2004, EMU enlargement, inflation, and adjustment of tradable goods prices: What to expect?, De Nederlandsche Bank Working Paper Series 10.

Maier, P.: 2005a, A Global Village without borders? International price differentials at eBay, De Nederlandsche Bank Working Paper Series 44.

Maier, P.: 2006, International reserve accumulation: Main drivers, The Accumulation of Foreign Reserves, ECB Occasional Studies, Vol. 43, European Central Bank.

Maier, P., Bierut, B. and Berben, R.-P.: 2003, Information accuracy and the optimal representation of regions in a currency union, De Nederlandsche Bank Working Paper Series 2003-08.

Wellink, A., Chapple, B. and Maier, P.: 2002, The role of national central banks within the European System of Central Banks: The example of De Nederlandsche Bank, Bank of Austria, 30th Economics Conference, Conference Volume pp. 169-189.

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List of members of our economics research staff and executive in alphabetical order.