Research

 Herzog, B. (2024). Is artificial intelligence a hazardous technology? Economic trade-off model. European Journal of Futures Research. 12, 18. https://doi.org/10.1186/s40309-024-00241-5

 Herzog, B. (2024). Lobal Versus Regional Carbon Taxation: Exploring a Natural Experiment. Green and Low-Carbon Economy. Vol. 00(00), p. 1-8. https://doi.org/10.47852/bonviewGLCE42022035

Herzog, B. (2024). Sociophysics Model of Bubbles with Neural-Stochastic Differential Equations: A Stochastic Inflation Model. In: Select Topics of Econophysics, Chapter 9, ed. by Amit Sinha. (forthcoming)

Herzog, B. (2024). "Künstliche Intelligenz" als Partner oder Konkurrent in der Wirtschaftswelt? Evidenzbasierte Einsichten. In: Handbuch über Ethische Fragen im Digitalzeitalter, Kapitel, Hrsg. Ziad Mahayni, rtwe. (forthcoming)

Herzog, B. (2023). How Credible is Average and Symmetric Inflation Targeting in an Episode of High Inflation? Economic Analysis and Policy. Vol. 80, p. 1750-1761.

Herzog, B. (2023). Fractional Stochastic Search Algorithms: Modelling Complex Systems via AI. Mathematics. Vol. 11(9): 2062. 

Herzog, B. (2023). Recension: The Crisis of Democratic Capitalism von Martin Wolf. Der Betriebswirt, Vol. 64, No. 2, p. 151-153.

Herzog, B. (2023). Nonlinear Agent-Based Dynamics: Which Metric Mitigates Polarization?. Journal of Computational and Nonlinear Dynamics, Vol. 18, p. 1-8.

Herzog, B. and Schnee, S. (2022). Exploring a Dualism of Human Rationality: Experimental Study of a Cheating Contest Game. International Journal of Environmental Research and Public Health, Vol. 19(13):7675.

Herzog, B. (2022). Wie resilient ist die Geld- und Fiskalpolitik in der Währungsunion? ifo Schnelldienst, Vol. 75, No. 5. p. 20-22.

Herzog, B. (2022). "Die wundersame Geldvermehrung" von Hans-Werner Sinn. Rezension. Der Betriebswirt, Vol. 63, No. 4/2021, p. 265-270.

Herzog, B. (2022). Do post-Corona European Economic Policies Lift Growth Prospects? Exploring an New ML-Methodology. Journal of Risk and Financial Management, Vol. 15(3), p. 1-14.

Herzog, B. (2022). Adopting Feynman-Kac formula to Stochastic Differential Equations with (sub-)fractional Brownian Motion, Mathematics, Vol. 10(3), 340, p. 1-13.

Herzog, B. (2021). Judgement of German Federal Constitutional Court (2 BvR 859/15) on the Public Sector Purchase Programme of the ECB: An Interdisciplinary Analysis. European Public Law, Vol. 27(4), p. 653-672.

Herzog, B. and Dos Santos, L. (2021). Google Search in Exchange Rate Models: Hype or Hope? Journal of Risk and Financial Management, Vol. 14(11), No. 512, p. 1-40. 

Beyer, H-M and Herzog, B. (2021). Supply Chain Finance: Cost-Benefit Differentials under Reverse Factoring with Extended Payment Terms. International Journal of Financial Studies, Vol. 9(4), No. 59, p. 1-17. 

Herzog, B. (2021). Lieferkettengesetz: Europäische Lösung nötig. Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (Review of German Economic Policy), Jg. 101, Heft 6, S. 412. 

Herzog, B. (2021). Optimal sequencing to reform the European economic and Monetary Union: a roadmap. Quantitative Finance and Economics, Vol. 5(2), p. 311-324. 

Herzog, B. (2021). Hidden Blemish in European Law: Judgements on Unconventional Monetary Programmes. Laws, Vol. 10(2), p. 1-18. 

Herzog, B. (2021). EZB-Urteil des Bundesverfassungsgerichts: Neue Hindernisse für die Europäische Wirtschafts- und Währungsunion. Zeitschrift Recht und Politik, Vol. 57(1), p. 26-38. 

Herzog, B. (2021). Sustainable Consumer Tax Evasion Theory under Information Inattention. Sustainability, Vol. 13(2), 562, p. 1-13. 

Herzog, B. (2020). Ultra-vires-Akt. Das Urteil des Bundesverfassungsgerichts zum Staatsanleihekaufprogramm der Europäischen Zentralbank als Neuanfang. Zeitschrift Die Politische Meinung, Vol. 65, No. 565, November/Dezember, S. 92-97. 

Herzog, B. (2020). Philosophie des ökonomischen Menschenbilds. Revista Portuguesa de Filosofia. Vol. 76, No. 2-3, p. 1161-1186.

Herzog, B. (2020). Resilience and Stability? Setting the course for the banking and financial system during the Corona virus pandemic. Facts & Findings. No. 409, October, p. 1-12. 

Herzog, B. (2020). Corona-Bonds und EU-Verschuldung: Zukunftsvision oder Europäische Naivität?, Journal of Economic Policy (Zeitschrift für Wirtschaftspolitik), Vol. 69, Issue2, p.148-165. 

Herzog, B. (2020). Modelling the Interaction of Liquidity to Price Dynamics. Economics Bulletin, Vol. 40(2),    p. 1420-1430. 

Herzog, B. (2020). Whither Corona-Bonds? The Past and Future of the EMU in the Corona-Pandemic. Intereconomics, Review of European Economic Policy, Vol. 55(3), p. 3-6. 

Herzog, B. and M. Ferencz (2019). Disziplinierung ohne politische Diskriminierung: Warum es Marktkräfte in   der Währungsunion bedarf!, ifo Schnelldienst, Vol. 72, No. 1, p. 20-22.

Herzog, B. (2019). Spitzenreiter mit Reformbedarf – Die Europäische Union und die Weltwirtschaft, Zeitschrift Die Politische Meinung, Vol. 64, No. 554, p. 53-60.

Herzog, B. (2019). Dynamic Expectation Theory: Insights for Market Participants. Journal of Risk and Financial Management, Vol. 12(2), No. 77, p. 1-14.

Herzog, B. (2019). Optimal policy under uncertainty and rational inattention. Research in International Business and Finance, Vol. 50, p. 444-449.

Herzog, B. and S. Osamah (2019). Reverse Engineering of Option Pricing – An AI Application. International Journal of Financial Studies, Vol. 7(4), No. 68, p. 1-12.

Herzog, B. (2018). Verschuldete Mitgliedstaaten des Euroraums abwickeln, Bankmagazin, Vol. 2-3, p. 40-45.

Herzog, B. (2018). Reforming the Eurozone: Assessment of the Reform Package By The European Commission – Treating Symptoms or Root Causes?, Journal of Economics & Sociology, Vol. 11(3), p. 59-77.

Herzog, B. (2018). Valuation of Digital Platforms: Experimental Evidence for Google and Facebook, International Journal of Financial Studies, Vol. 6(4), No. 87, p. 1-13.

Herzog, B. and M. Choi (2017). Policy Rules in the Economic and Monetary Union, Review of European Economic Policy, Intereconomics, Vol. 52, Issue 1, p. 51-56, ISSN 0020-5346.

Herzog, B. (2017). Empirical Analysis of the Status Quo of global e-Governance: What determines the level of e-Governance across countries?, Advances in Business and Management, Vol. 10, p. 1-21, March, 2017.

Herzog, B. (2017). Does Transparency Mitigate the Political Budget Cycle?, Journal of Economic Studies, Vol. 44, Issue 5, pp. 666-689.

Herzog, B. (2017). The European Economic and Monetary Union in the 21st Century, Quarterly Journal of Policy Research, Special Issue – Area Studies Europe, ISSN 2277-2464, Vol. 1, No 13, p. 66-68, 2017.

Herzog, B. (2017). Abwicklungsmechanismus für Mitgliedstaaten des Euroraums, Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (Review of German Economic Policy), Jg. 97, Heft 12, p. 881-888.

Herzog, B. (2016). Liquidity Management at the Zero Lower Bound during an Era of Activism in Central Banking, Journal of Mathematical Finance, Vol. 6, p. 48-54.

Herzog, B. (2016). A Case Study with Google Data: Parallels of Doping Regulation in Cycling and Banking Regulation in Finance, American Journal of Economics, Vol. 6(1), p. 61-71.

Herzog, B. (2016). A Review on ‘Probability and Stochastic Processes, American Journal of Theoretical and Applied Statistics, Vol. 5(1), p. 23-26.

Herzog, B. (2016). Modelling Monetary and Fiscal Governance in the Wake of the Sovereign Debt Crisis in Europe, Economies, Vol. 4(2), 9, p. 1-11.

Herzog, B. (2016). A Review of ‘Brain Computation As Hierarchical Abstraction’, Review of Economics & Business Studies, Vol. IX, Issue no. 2 (XVIII), p. 293-300.

Herzog, B. (2015). An Econophysics Model of Financial Bubbles, Natural Science, Vol. 7, No. 1, p. 55-63.

Herzog, B. (2015). Quantum Model of Decision-Making In Economics, Journal of Quantum Information Science, Vol. 5, No. 1, p. 1-5.

Herzog, B. (2015). Applied Mathematical Theory of Governance: Impact of Group Size to Governance, Journal of Theoretical Mathematics and Applications, Vol. 5, No. 2, p. 71-87.

Herzog, B. (2015). Applied Model for Financial Bubbles, Journal of Applied Finance and Banking, Vol. 5, No. 3, p. 17-26,.

Herzog, B. (2015). A Study on Google Searches in Banking, British Journal of Economics, Management & Trade, Vol. 7, No. 4, p. 236-258.

Herzog, B. (2015). Analyzing A Systemic Crisis in Finance, Journal of Game Theory, Vol. 4, No. 2, p. 19-25.

Herzog, B. (2015). Between Theory and Pragmatism, Journal of Economics and Political Economy, A Book Review on 'Stress Test’ by T. Geithner, Vol. 2(2), p. 331-335.

Adam, U., B. Herzog, C. Mast, and M. Molterer (2015). Venture Capital and the Innovative Power of a State: Econometric Study Including Google Data, Journal of Statistical and Econometric Methods, Vol. 4. No. 3, p. 47-63.

Dausch, L. and B. Herzog (2015). Public Debt Sustainability in Europe and Leading Countries, Journal of Empirical Economics, Vol. 4, No. 4, p. 207-215.

Herzog, B. (2015). Interdisciplinary Analysis of Luhmann’s Sociological Theory on the Euro-Crisis, Journal of Economics & Sociology, Vol. 8, No. 2, p. 102-114.

Herzog, B. (2015). Anchoring of Expectations: The Role of Credible Targets in a Game Experiment, Journal of Economics and Financial Studies, Vol. 3, No. 6, p. 01-15.

Herzog, B. (2014). Google’s search data and its Application in finance, International Journal of Economics, Finance and Management Sciences, Vol. 2(1), p. 1-7.

Herzog, B. (2014). Whither European Economic Governance, International Journal of Business and Management, Vol. 9, No. 2, p. 7-10.

Herzog, B. and P. George (2014), Econometric Assessment of a European and Indian Free Trade Agreement, Journal of World Economic Research, Vol. 3, No.1, p. 8-14.

Herzog, B. and G. Nufer (2014), Analyzing the Effectiveness of Ambush Marketing With Google Search Data, Journal of Advances in Management and Applied Economics, Vol. 4, No. 4, p. 43-58.

Herzog, B. (2014). A Behavioural Model of European Bond Markets, Journal of Stock & Forex Trading, Vol. 3, Issue 3, 2-4.

Herzog, B. (2014). The EMU is No One-Way-Street: Back to the Roots!, The Eurozone Crisis and the Future of Europe: The Political Economy of Further Integration and Governance, eds.: Jerome L. Stein (†), D. Daianu, C. Adda, G. Basevi and R. Kumar, Chapter 12, p. 191-212, International Political Economy Series, Palgrave  Macmillan, UK, ISBN 978 11373 56 741.

Herzog, B. (2014). Applied Mathematical Theory for Monetary-Fiscal Interaction in a Supranational Monetary Union, Journal of Applied Mathematics and Physics, Vol. 2, No. 8, p. 737-744.

Herzog, B. (2014). Whither the German Council of Economic Experts? The Past and Future of Public Economic Advice, Journal of Applied Economics and Business, Vol. 2, Issue 3, p. 21-40.

Herzog, B. (2014). A Review on ‘Capital in the 21th Century’, Journal of Psychology and Behavioral Sciences, Vol. 3, No 6, p.207-211. 

Herzog, B. and K. Hengstermann (2013), Restoring Credible Economic Governance to the Eurozone, Journal of Economic Affairs, Vol. 33, Issue 1, p. 2-17.

Herzog, B. (2013). European-Indian Trade Relationship in the Wake of the European Sovereign Debt Crisis:  A DSGE-Model Analysis, Quarterly Journal of Policy Research, ISSN 2277-2464, Vol. 1, No 13, p. 62-71, 2013.

Herzog, B. (2013). Die Zukunft Europas – Zwischen Regelbindung und Politischer Union: Ökonomische Bewertung der Maßnahmen im Hinblick auf eine „Fiskalunion“, Europäische Solidarität und nationale Identität – Überlegungen im Kontext der Krise im Euroraum, Sonderband, Hrsg. Prof. C. Calliess, Mohr Siebeck, p. 207-241, ISBN 978-3-16-152814-9.

Herzog, B. (2013). The Regulatory Trade-Off in Real & Financial Markets, Journal of Economics, Vol. 2(3), p. 17-22.

Herzog, B. (2012). Die Währungsunion ist keine Einbahnstraße, ifo Schnelldienst, Nr. 7, p. 10-13.

Herzog, B. (2012). EMU AT CROSSROADS, Quarterly Journal on European Issues, CESifo Forum, No 4/2011, p. 23 – 29.

Herzog, B. (2011). Europäische Währungsunion zukunftsfest gestalten - Reform des Stabilitäts- und Wachstumspaktes, Zeitschrift Lehren aus der Finanzmarktkrise, Band III, S. 41-46, Berlin, ISBN 978-3-924775-00-7.

Herzog, B. (2011). Die Geldpolitik der europäischen Zentralbank - Krisenbewältigung und Herausforderungen im 21. Jahrhundert, Zeitschrift Lehren aus der Finanzmarktkrise, Band III, S. 55-63, Berlin, ISBN 978-3-924775-00-7.

Herzog, B. (2011). Wohin steuert die europäische Wirtschafts- und Währungsunion?, Monatszeitschrift Die Politische Meinung, Vol. 19, S. 7-24, Berlin, ISBN 978-3-942775-40-3.

Herzog, B. and M. Weberruß (2011), Impact of Special Economic Zones to FDI in India, Journal of Indo-European Business Studies, Vol. 1, No. 1, p. 1-6.

Herzog, B. (2010). Old Wine In New Skins? Economic Policy Challenges For The Social Market Economy In A Globalized World, 60 Years of Social Market Economy, eds.: C.L. Glossner and D. Gregosz, ISBN 978-3- 941904, p. 147-169, Verlag: Konrad-Adenauer-Stiftung.

Herzog, B. (2010). Anwendung des Nachhaltigkeitsansatzes von Bohn zur Etablierung eines Frühindikators in den öffentlichen Finanzen – Beitrag zur aktuellen Debatte der Föderalismuskommission II, Journal of Credit and Capital, 2/2010, 43. Jahrgang, Heft 2, ISSN 0023-4591, S. 1-24.

Herzog, B. (2009). An Analysis of the Financial Crises 2007/08 – Systemic Risk: Causes, Lessons and Solutions, Academic and Scientific Journal, Issue 1 and Issue 2 - April 2009, State University Tetova, p. 220-226, ISSN: 1857-6079.

Herzog, B. (2009). The Scope of Economic History in New Zealand, Journal Sounds of New Zealand, Vol. 2, p. 79-98.

Schwarze, J., C. Wunder, C. Krug and B. Herzog (2009). Ist der Teuro ein Euro – Eine vergleichende Analyse    der Zufriedenheit mit dem Haushaltseinkommen in Deutschland und Großbritannien, uni.vers Forschung, Das Magazin der Otto-Friedrich Universität Bamberg, Heft 15-2009, Mai, S. 20-23, ISSN 1618-9019.

Herzog, B. (2009). La crisis del mercado financiero: Orígenes, aprendizajes y conceptos para su superación, La Crisis del Mercado Financiero Internacional Y Sus Consecuencias, No. 2, p. 5-16, ed. by Prof. Dr. Bernhard Vogel at Fundación Konrad-Adenauer, Chile.

Herzog, B. (2009). 60 anos de Economía Social de Mercado: pasado, presente y futuro, Economía Social de ercado de la serie Diálogo Politico, Ano: XXVI – No 1 – Marzo, Publicación trimestral de la Konrad-Adenauer-Stiftung A.C., p. 43-60, ISSN 1667-314, Ciudad de Buenos Aires, República Argentina. 

Wunder, C., J. Schwarze, G. Krug and B. Herzog (2008). Welfare effects of the euro cash changeover, European Journal of Political Economy, 24(3), p. 571-586.

Herzog, B. (2008). Die Finanzmarktkrise – Ursachen, Lehren und Lösungsansätze, Zeitschrift Ordnungspolitische und Sozialethische Perspektiven, Band I, p. 9-15.

Borchard, M. and B. Herzog (2008). Motor für Wachstum, Monatszeitschrift Die Politische Meinung, Nr. 467, 53. Jahrgang, Oktober, Hrsg. Bernhard Vogel, ISSN 0032-3446.

Herzog, B. (2006). Lessons from EMU: Coordination of fiscal-monetary policy in CIS countries, Research in International Business and Finance, Vol. 20, p. 256-274.

Herzog, B. (2005). Coordination of fiscal-monetary policy in CIS countries; BOFIT-Central Bank Paper, 02/05, Helsinki, Finland. 

Herzog, B. (2004). Warum verstoßen vorwiegend die großen EWU-Länder gegen den „Stabilitäts- und  Wachstumspakt“?, Quarterly Journal of Economic Research, Vol. 73, No. 3, p. 405-417.

Herzog, B. (2004). Modes of Economic Governance and Interaction Conflicts: The Stability and Growth Pact and its Institutional Inconsistencies, in: Governance and International Security: Issues and Perspectives, ed. by Prof.  Yiannis A. Stivachtis, ISBN: 960-88331-6-7.

Herzog, B. (2004). Fiscal-Monetary Interaction and the Stability and Growth Pact in Europe, The Consequences of EU Enlargement to Eastern European Countries, ed. by Prof. Dr. Ramón María-Dolores, INFER.

Herzog, B. (2004). Whither e-Governance in the European Monetary Union?, Books and Proceedings on e-Government, Trinity College Dublin, Ireland.

Herzog, B. (2021). Modeling Inflation Dynamics with Fractional Brownian Motions and Lévy Processes. In-Book: Linear and Non-Linear Financial Econometrics -Theory and Practice, Chapter 1, Intechopen, ISBN 978-1-83962-487-2, No. 92292, p. 1-13. 

Herzog, B. (2020). Informationspopulismus in der liberalen Demokratie – Digitale Echokammern und anti- pluralistische Profilierung im Medienwettbewerb. Populismus – Staat – Demokratie, Ein interdisziplinäres Streitgespräch, Hrsg. Rüdiger Voigt und Isabelle-Christine Panreck, Springer Verlag, S. 47-73. 

Herzog, B. (2018). A Monetary Union Without a Fiscal Union, Monetary Unions: Background, Advantages and Disadvantages, ed. Professor Bukowski, Vol. I, p. 99-118, ISBN 978-1-53614-250-1, Nova Science Press.

 Herzog, B. (2017). Modelling of the Political Business Cycle and Impact of Transparency, in: Economic and Social Development: Book of Proceedings, p. 197-207, ISSN1849-7535, February. 

Herzog, B. (2016). Neujustierung der Governance der Europäischen Währungsunion, p. 1-46, Konrad-Adenauer-Stiftung, Berlin, ISBN 978-3-95721-206-1, 2016. 

Herzog, B. (2014). A Theory on European Bond Market Turmoil, White Paper, No. 1/14, p. 1-24, DWS Global Financial Institute, Zürich, 2014.

Rennhak, C. and B. Herzog (2013), Der demografische Wandel als Herausforderung für die Real- und Finanzwirtschaft, in: Demografischer Wandel – Das neue Zeitalter, Euro Magazine, 04/13, p. 36-44, 2013. 

Herzog, B. and K. Hengstermann (2013), Where should the eurozone ‘club’ go from here? How a return to credible and enforceable rules will sustain the monetary union, in: The Euro – the Beginning, the Middle…and the End?, ed. by Philip Booth, iea Books, London, UK, p. 196-225, ISBN 9780255366809, 2013.

Herzog, B. and C. Rennhak (2013), Demographic Challenges to the Real & Financial Economy: An Integrated Micro and Macro Study of Germany, White Paper, No. 6, p. 1-31, DWS Global Financial Institute, Zürich, 2013.

Herzog, B. (2012). The Euro Crisis And Its Implications, White Paper, DWS Global Financial Institute, No. 4, p. 1-32, July 2012.

Herzog, B. (2012). Behavioral Game Theory and Political Economics, Book, Vol. BEEC 2/H, Publisher Euro-FH, Hamburg, 2012.

Herzog, B. (2012). Neuroeconomics – The Economics of Human Brains, Book, Vol. BEEC 3/H, Publisher Euro-FH, Hamburg, 2012.

Herzog, B. (2011). Haushaltlöcher und Steuerentlastung – Was ist zu tun?, Position Liberal 99, Book, Liberales Institut, Potsdam, 2011.

Herzog, B. (2011). From Standard Economics to Behavioral Economics, Book, Vol. BEEC 1/H, Publisher Euro-FH, Hamburg, 2011.

Herzog, B. (2011). Modes of Economic Governance, Science Report, 2011, Berlin.

Herzog, B. (2009). Die Finanzmarktkrise: Ursachen, Lehren und Lösungsansätze, in: Wirtschaft – Materialien für den Unterricht, Bundesverband der Deutschen Banken, ISBN: 978-3-88760-100-3, 2009. 

Herzog, B. (2008). 60 Jahre Soziale Marktwirtschaft – Damals, Heute und der Weg in die Zukunft, ed. by Prof. Dr. Bernhard Vogel, Konrad-Adenauer-Stiftung, 2008.

Matthes, J., C. Langhorst and B. Herzog (2008). Globalisierung in Deutschland, Buchserie Zukunftsforum Wirtschaft, Book, Konrad-Adenauer-Stiftung, 2008.

Borchard, M. and B. Herzog (2008). Deutscher Mittelstand, CDA-Book, Netherlands, 2008.

Herzog, B. (2008). Die Entstehung der Finanzmarktkrise, Hrsg. M. Borchard, Politik und Beratung, Konrad-Adenauer-Stiftung, ISBN 978-3-940955-38-8, 2008.

Herzog, B. (2005). Fiscal-Monetary Interaction and the Stability and Growth Pact in the European Monetary Union, Dissertation, 2005.