Professor of Economics and Management, University of Cologne

Co-Editor, Journal of the European Economic Association 

Research Fields: Psychology and Economics, Political Economy, Macro-expectations

CV   
Google Scholar Profile
Research Statement

Working Papers 

When Product Markets Become Collective Traps: The Case of Social Media (with Leonardo Bursztyn, Benjamin Handel and Rafael Jiménez-Durán) Revise and Resubmit,
American Economic Review

Home Price Expectations and Spending: Evidence From a Field Experiment (with Felix Chopra and Johannes Wohlfart) Revise and Resubmit,
American Economic Review

Stories, Statistics, and Memory (with Thomas Graeber and Florian Zimmermann) [Instructions] Revise and Resubmit, Quarterly Journal of Economics.   

Narratives about the Macroeconomy (with Peter Andre, Ingar Haaland and Johannes Wohlfart) [instructions] Revise and Resubmit, Review of Economic Studies.   

Measuring What Is Top of Mind (with Ingar Haaland, Stefanie Stantcheva and Johannes Wohlfart)

Explanations  (with Thomas Graeber and Constantin Schesch)

Lost in Transmission (with Thomas Graeber and Shakked Noy)  

Attention to the Macroeconomy (with Sebastian Link, Andreas Peichl and Johannes Wohlfart)

The Effects of Monetary Policy: Theory with Measured Expectations (with Mirko Wiederholt and Johannes Wohlfart) [Online Appendix]  

Recent Advances in Studies of News Consumption (with Francesco Capozza Ingar Haaland and Johannes Wohlfart

Main Publications in Economics

The Demand for News:  Accuracy Concerns versus Belief Confirmation Motives (with Felix Chopra and Ingar Haaland) [slides]  [instructions] Accepted, The Economic Journal

Worker Beliefs about Outside Options (with Simon Jäger, Nina Roussille and Benjamin Schoefer). Quarterly Journal of Economics, forthcoming.  

Uncertainty and Information Acquisition: Evidence from Firms and Households (with Heiner Mikosch, Samad Sarferaz and Johannes Wohlfart). American Economic Journal: Macroeconomics, forthcoming.  

Voice and Political Engagement: Evidence From a Field Experiment (with Anselm Hager, Lukas Hensel and Andreas Stegmann), Review of Economics and Statistics, forthcoming.

The Null Result Penalty  (with Felix Chopra, Ingar Haaland and Andreas Stegmann) [slides], The Economic Journal2024, Vol. 134 (657), 193-219.

Interregional Contact and the Formation of a Shared Identity (with Manuel Bagues), American Economic Journal: Economic Policy, 2023, 15 (3): 322-50. 

Justifying Dissent (with Leonardo Bursztyn, Georgy Egorov, Ingar Haaland and Aakaash Rao), Quarterly Journal of Economics, 2023, 138(3), 1403-1453.

Opinions as Facts (with Leonardo Bursztyn, Aakaash Rao, David Yanagizawa-Drott), Review of Economic Studies, 2023, 90(4), p.p. 1832–1864.

Political Activists as Free-Riders: Evidence From a Natural Field Experiment (with Anselm Hager, Lukas Hensel and Johannes Hermle), The  Economic Journal, 2023, Vol. 133 (653), 2068-2084.

Information Frictions Among Firms and Households (with Sebastian Link, Andreas Peichl and Johannes Wohlfart), Journal of Monetary Economics,  2023, 135, p.p. 99-115.

Designing Information Provision Experiments (with Ingar Haaland and Johannes Wohlfart), Journal of Economic Literature, 2023, 61(1), 3–40.

Beliefs about Racial Discrimination and Support for Pro-Black Policies (with Ingar Haaland), Review of Economics and Statistics, 2023, 105(1): p.p.  40–53.

Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples (with Peter Andre, Carlo Pizzinelli and Johannes Wohlfart), Review of Economic Studies, 2022, Vol. 89(6), pp. 2958–2991.  

Risk Exposure and Acquisition of Macroeconomic Information (with Sonja Settele and Johannes Wohlfart), American Economic Review: Insights, 2022, 4(1): 34–53.

Do People Demand Fact-Checked News? Evidence From U.S. Democrats (with Felix Chopra  and Ingar Haaland), Journal of Public Economics, 2022, Vol. 205, 104549.

Beliefs about Public Debt and the Demand for Government Spending (with Sonja Settele and Johannes Wohlfart), Journal of Econometrics, 2022. Vol. 231(1), pp. 165-187

Coronavirus Perceptions and Economic Anxiety (with Thiemo Fetzer, Lukas Hensel and Johannes Hermle), Review of Economics and Statistics, 2021, 103 (5): 968–978. 

Labor Market Concerns and Support for Immigration (with Ingar Haaland) [Instructions], Journal of Public Economics, 2020, Vol. 191, 104256

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior? (with Johannes Wohlfart), Review of Economics and Statistics, 2020, 102(4) 

Income Shocks and Suicides: Causal Evidence From Indonesia (with Cornelius Christian and Lukas Hensel), Review of Economics and Statistics, 2019, 101(5), pp. 905–920

Experienced Inequality and Preferences for Redistribution (with Johannes Wohlfart), Journal of Public Economics, 2018, Vol. 167, pp. 251-262.  

Measuring and Bounding Experimenter Demand (with Jon de Quidt and Johannes Haushofer), American Economic Review, 2018, Vol. 108 (11), pp. 3266-3302. 

Publications in Other Social Sciences

Political Activists are Not Driven by Instrumental Motives: Evidence from Two Natural Field Experiments  (with Anselm Hager, Lukas Hensel, and Johannes Hermle). 2024. Accepted. British Journal of Political Science.

Group Size and Protest Mobilization across Movements and Countermovements (with Anselm Hager, Lukas Hensel and Johannes Hermle)American Political Science Review2022, Vol. 116 (3), pp. 1051-1066

Does Information Change Attitudes Towards Immigrants? (with Alexis Grigorieff and Diego Ubfal), Demography, 2020,  57, 1117-1143.  

Does Party Competition Affect Political Activism? (with Anselm Hager, Lukas Hensel and Johannes Hermle), The Journal of Politics, 2021 , 83(4), 1681-1694.

Global Behaviors, Perceptions, and the Emergence of Social Norms at the Onset of the COVID-19 Pandemic (joint with  Lukas Hensel , Thiemo Fetzer, Marc Witte, Jon Jachimowicz, Johannes Haushofer, Andriy Ivchenko, Stefano Caria, Elena Reutskaja, Stefano Fiorin, Margarita Gómez, Gordon Kraft-Todd, Friedrich Götz, Erez Yoeli), Journal of Economic Behavior and Organization, 2022, 193, 473 - 496.

Other Publications

Information Experiments (with Ingar Haaland, Julian König and Johannes Wohlfart), Prepared for the Encyclopedia of Experimental Social Science
Scapegoating During Crises (with Leonardo Bursztyn, Georgy Egorov, Ingar Haaland and Aakaash Rao). AEA Papers & Proceedings, 2022, Vol. 112, pp. 151-55

Makroökonomische Erwartungen und ihre Rolle in wirtschaftlichen Entscheidungen von Haushalten (with Johannes Wohlfart). Perspektiven der Wirtschaftspolitik, 20 (2), 159-166

Policy Articles

Lost in Transmission  (with Thomas Graeber and Shakked Noy). VoxEU Column. March 2024.

Product Market Traps: The Case of Social Media (with Leonardo Bursztyn, Benjamin Handel and Rafael Jiménez-Durán). VoxEU Column. November 2023.

Stories, Statistics, and Memory (with Thomas Graeber and Florian Zimmermann). VoxEU Column. February 2023.

The Null Result Penalty  (with Felix Chopra, Ingar Haaland and Andreas Stegmann). VoxEU Column. July 2022.

Rationales and Social Cover  (with Leonardo Bursztyn, Georgy Egorov, Ingar Haaland and Aakaash Rao). VoxEU Column. March 2022.

Inflation Narratives (with Peter Andre, Ingar Haaland and Johannes Wohlfart). VoxEU Column. December 2021.

Interregional Contact and National Identity (with Manuel Bagues). VoxEU Column. January 2021.

Excuses for Prejudice (with Leonardo Bursztyn, Ingar Haaland and Aakaash Rao). VoxEU Column. July 2020.

Coronavirus Perceptions and Economic Anxiety   (with Thiemo Fetzer, Lukas Hensel and Johannes Hermle). VoxEU Column. March 2020.

Information changes attitudes towards immigrants (with Alexis Grigorieff and Diego Ubfal). VoxEU Column. March 2017.

Resources 

NBER Behavioral Macro Bootcamp 2024: Lecture 1; Lecture 2; Syllabus.

Experimental methods

Practical Advice on Meditation

EconGradAdvice (with David Schindler)

Slides on Advice for PhD Students (with David Schindler)

Course materials for a PhD course on  Subjective Beliefs, Attention and Economic Behavior in Copenhagen in 2023 (organized with Felix Chopra, Ingar Haaland, Sonja Settele, and Johannes Wohlfart) 

Course materials for a PhD course on Subjective Beliefs in Macroeconomics and Household Finance which took place on April 19-23 2021 (organized with Johannes Wohlfart )