PhD, University of Oxford, 2018

Professor of Economics and Management, University of Cologne

Member, ECONtribute Cluster of Excellence: Markets & Public Policy

Senior Research Fellow, Max Planck Institute for Collective Goods

Research Affiliate, Institute on Behavior and Inequality (briq)

Research Affiliate, Centre for Economic Policy Research (CEPR)

Affiliate Member, CESifo Research Network

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

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Research Statement

Selected Publications

Justifying Dissent (with Leonardo Bursztyn and Georgy Egorov and Ingar Haaland and Aakaash Rao), Quarterly Journal of Economics, forthcoming

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

Opinions as Facts (with Leonardo Bursztyn and Aakaash Rao, and David Yanagizawa-Drott), Review of Economic Studies , forthcoming

Designing Information Provision Experiments (with Ingar Haaland and Johannes Wohlfart), Journal of Economic Literature, forthcoming.

Interregional Contact and the Formation of a Shared Identity (with Manuel Bagues), American Economic Journal: Economic Policy, forthcoming

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.

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

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)

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

Working Papers

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

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

The Null Result Penalty (with Felix Chopra and Ingar Haaland and Andreas Stegmann) [slides] Revise and Resubmit, The Economic Journal

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

Information Frictions Among Firms and Households (with Sebastian Link, Andreas Peichl and Johannes Wohlfart) Conditionally accepted, Journal of Monetary Economics

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

Political Activists as Free-Riders: Evidence From a Natural Field Experiment (with Anselm Hager and Lukas Hensel and Johannes Hermle) Conditionally accepted, The Economic Journal

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

Stories, Statistics, and Memory (with Thomas Graeber and Florian Zimmermann) [Instructions] New

The Demand for News: Accuracy Concerns versus Belief Confirmation Motives (with Felix Chopra and Ingar Haaland) [slides] New version

Home Price Expectations and Spending: Evidence From a Field Experiment (with Felix Chopra and Johannes Wohlfart) Coming soon
Recent Advances in Studies of News Consumption (with Francesco Capozza and Ingar Haaland and Johannes Wohlfart)

Other Publications

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.

Scapegoating During Crises (with Leonardo Bursztyn and Georgy Egorov and Ingar Haaland and Aakaash Rao). AEA Papers & Proceedings, 2022, Vol. 112, pp. 151-55

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 and Lukas Hensel and Johannes Hermle), Review of Economics and Statistics, 2021, 103 (5): 968–978. Coverage: VoxEU.

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.

Group Size and Protest Mobilization across Movements and Countermovements (with Anselm Hager and Lukas Hensel and Johannes Hermle), American Political Science Review, 2021, 1-16.

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

Does Party Competition Affect Political Activism? (with Anselm Hager and 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.

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

Policy Articles

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

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

Inflation Narratives (with Peter Andre and 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 and Ingar Haaland and Aakaash Rao). VoxEU Column. July 2020.

Coronavirus Perceptions and Economic Anxiety (with Thiemo Fetzer and 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 for PhD students

Announcement of PhD course on "Subjective Beliefs, Attention and Economic Behavior" with Felix Chopra, Ingar Haaland, Sonja Settele, and Johannes Wohlfart. March 15th-17th 2023 in Copenhagen.

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 in Macroeconomics and Household Finance which took place on April 19-23 2021 (with Johannes Wohlfart )