Publications
Bušs, Ginters; Grüning, Patrick; Tkačevs, Oļegs (2024): "Choosing the European Fiscal Rule". Baltic Journal of Economics, Volume 24, Issue 1, April 2024, pp. 116-144.
Bušs, Ginters; Grüning, Patrick (2023): "Fiscal DSGE Model for Latvia". Baltic Journal of Economics, Volume 23, Issue 1, February 2023, Article 2173915.
Curatola, Giuliano; Donadelli, Michael; Grüning, Patrick (2022): "Technology Trade with Asymmetric Tax Regimes and Heterogeneous Labour Markets: Implications for Macro Quantities and Asset Prices". International Journal of Finance and Economics, Volume 27, Issue 4, Special Issue: Essays in Modelling Financial Market Dynamics: An Overview, October 2022, pp. 3805-3831.
Donadelli, Michael; Grüning, Patrick; Jüppner, Marcus; Kizys, Renatas (2021): "Global temperature, R&D expenditure, and growth". Energy Economics, Vol. 104, December 2021, Article 105608.
Donadelli, Michael; Grüning, Patrick (2021): "Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare". North American Journal of Economics and Finance, Vol. 57, July 2021, Article 101430.
Grüning, Patrick (2018): "Heterogeneity in the internationalization of R&D: Implications for anomalies in finance and macroeconomics" (Link to Online Appendix). Finance Research Letters, Vol. 26, September 2018, pp. 132-138.
Grüning, Patrick (2017): "International endogenous growth, macro anomalies, and asset prices". Journal of Economic Dynamics and Control, Vol. 78, May 2017, pp. 118-148.
Donadelli, Michael; Grüning, Patrick (2016): "Labor market dynamics, endogenous growth, and asset prices" (WP). Economics Letters, Vol. 143, June 2016, pp. 32-37.
Bena, Jan; Garlappi, Lorenzo; Grüning, Patrick (2016): "Heterogeneous Innovation, Firm Creation and Destruction, and Asset Prices". Review of Asset Pricing Studies, Vol. 6, No. 1, June 2016, pp. 46-87.
Curatola, Giuliano; Donadelli, Michael; Grüning, Patrick (2015): "Matching the BRIC Equity Premium: A Structural Approach". Emerging Markets Review, Vol. 22, March 2015, pp. 65-75.
Newer Working Papers
Grüning, Patrick; Zlobins, Andrejs: "Quantitative Tightening: Lessons from the US and Potential Implications for the EA". Latvijas Banka Working Paper No. 9/2023.
Grüning, Patrick; Kantur, Zeynep: "Stranded Capital in Production Networks: Implications for the Economy of the Euro Area". Latvijas Banka Working Paper No. 6/2023.
Grüning, Patrick (2022): "Fiscal, Environmental, and Bank Regulation Policies in a Small Open Economy for the Green Transition". Latvijas Banka Working Paper No. 6/2022.
Banonienė, Justina; Dagilienė, Lina; Donadelli, Michael; Grüning, Patrick; Jüppner, Marcus; Kizys, Renatas; Lessmann, Kai (2021): "The Quadrilemma of a Small Open Circular Economy Through a Prism of the 9R Strategies". Bank of Lithuania Working Paper No. 96/2021.
Donadelli, Michael; Grüning, Patrick; Hitzemann, Steffen (2021): "Understanding Macro and Asset Price Dynamics During the Climate Transition". Bank of Lithuania Discussion Paper No. 18/2019, 2021 version available at SSRN.
Donadelli, Michael; Grüning, Patrick; Proškutė, Aurelija (2019): "Monetary Policy, Trade, and Endogenous Growth under Different International Financial Market Structures". Bank of Lithuania Working Paper No. 57/2019.
Branger, Nicole; Grüning, Patrick; Kraft, Holger; Meinerding, Christoph; Schlag, Christian (2014): "Asset Pricing under Uncertainty about Shock Propagation". SAFE Working Paper No. 34.
Policy Publications / Notes
Grüning, Patrick; Kantur, Zeynep: "Stranded Capital in Production Networks: Implications for the Economy of the Euro Area". SUERF Policy Brief No. 826, March 2024.
Bušs, Ginters; Grüning, Patrick; Tkačevs, Oļegs (2022): "Choosing the European Fiscal Rule". SUERF Policy Brief No. 262, January 2022.
ECB Strategy Review 2020-2021, Work Stream on Climate Change: "Climate change and monetary policy in the euro area". ECB Occasional Paper No. 271, September 2021.
Work in Progress
Grüning, Patrick; Mulay, Anup: "An Open Multi-Country E-DSGE Model for the Baltics and the Euro Area"
Older Working Papers
Curatola, Giuliano; Donadelli, Michael; Grüning, Patrick; Meinerding, Christoph (2017): "Investment-Specific Shocks, Business Cycles, and Asset Prices". SAFE Working Paper No. 129, Bank of Lithuania Working Paper No. 36/2016.
Branger, Nicole; Grüning, Patrick; Schlag, Christian (2016): "Commodities, Financialization, and Heterogeneous Agents". SAFE Working Paper No. 131, Bank of Lithuania Working Paper No. 25/2016.
Grüning, Patrick; Theobald, Thomas; van Treeck, Till (2015): "Income inequality and Germany's current account surplus". IMK Working Paper No. 147.
Curatola, Giuliano; Donadelli, Michael; Gioffré, Alessandro; Grüning, Patrick (2014): "Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries". SAFE Working Paper No. 56.
Ph.D. Thesis
Ph.D. Thesis / Dissertation (defended at Goethe University Frankfurt on 5 February 2015, first chapter summarizing the five individual articles and the thesis in German): "Essays on Asset Pricing with Contagion, Endogenous Growth, and Long-run Risk"