Working papers:

Measuring What Is Top of Mind, with Ingar Haaland, Chris Roth, and Stefanie Stantcheva, April 2024. NEW METHODS REVIEW

Home Price Expectations and Spending: Evidence from a Field Experiment, with Felix Chopra and Chris Roth, January 2024, revision requested at the American Economic Review. [CESifo Working Paper No. 10450] [SSRN]

Narratives About the Macroeconomy, with Peter Andre, Ingar Haaland and Chris Roth, July 2022, revision requested at the Review of Economic Studies. [CEPR Discussion Paper DP17305] Coverage: FASZ, Spiegel Online [1}, Spiegel Online [2}, VOXEU

Mental Models of the Stock Market, with Peter Andre and Philipp Schirmer, March 2024. [SSRN] [CESifo Working Paper 10691] NEW VERSION

Attention to the Macroeconomy, with Sebastian Link, Andreas Peichl and Chris Roth, December 2023.

The Effects of Monetary Policy: Theory with Measured Expectations, with Chris Roth and Mirko Wiederholt, July 2023. [CESifo Working Paper No. 10216] [CEPR Discussion Paper DP16710]

Recent Advances in Studies of News Consumption, with Francesco Capozza, Ingar Haaland and Chris Roth, October 2022, superceding earlier draft titled "Studying Information Acquisition in the Field: A Practical Guide and Review". METHODS REVIEW

Information Experiments, with Ingar Haaland, Julian König and Chris Roth, January 2024, prepared for the Encyclopedia of Experimental Social Science.

Main publications:

Beliefs About the Stock Market and Investment Choices: Evidence from a Survey and a Field Experiment, with Christine Laudenbach, Rüdiger Weber and Annika Weber, January 2024, accepted at the Review of Financial Studies. [CESifo Working Paper No. 9427] Vernon L. Smith Young Talent Award in Experimental Finance, Society for Experimental Finance.

Uncertainty and Information Acquisition: Evidence from Firms and Households, with Heiner Mikosch, Chris Roth and Samad Sarferaz, American Economic Journal: Macroeconomics, Vol. 16(2), April 2024, p. 374-405. [Ungated] 

Information Frictions Among Firms and Households, with Sebastian Link, Andreas Peichl and Chris Roth, Journal of Monetary Economics, Vol. 135, April 2023, p. 99-115. [SSRN] [CESifo Working Paper 8969]

Designing Information Provision Experiments, with Ingar Haaland and Chris Roth, Journal of Economic Literature, Vol. 61(1), March 2023, p. 3-40. [Ungated] [CESifo Working Paper No. 8406] Coverage: World Bank Blog

Subjective Models of the Macroeconomy: Evidence from Experts and Representative Samples, with Peter Andre, Carlo Pizzinelli and Chris Roth, Review of Economic Studies, Vol. 89(6), November 2022, p. 2958-2991, featured article. [Ungated] [SSRN] [CESifo Working Paper No. 7850] [Experimental Instructions] Coverage: IMF Finance & Development, NY Times

Beliefs About Public Debt and the Demand for Government Spending, with Chris Roth and Sonja Settele, Journal of Econometrics, Vol. 231(1), November 2022, p. 165-187. [SSRN] [CESifo Working Paper No. 8087] [Experimental Instructions]

Risk Exposure and Acquisition of Macroeconomic Information, with Chris Roth and Sonja Settele, American Economic Review: Insights, Vol. 4(1), March 2022, p. 34-53. [SSRN] [CESifo Working Paper No. 8634]

The Trading Response of Individual Investors to Local Bankruptcies, with Christine Laudenbach, Benjamin Loos and Jenny Pirschel, Journal of Financial Economics, Vol. 142(2), November 2021, p. 928-953. [SSRN ] [CESifo Working Paper No. 8191]

Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations, with Tobin Hanspal and Annika Weber, Review of Economics and Statistics, Vol 103(5), November 2021, p. 994-1010. Previously circulated as "Income and Wealth Shocks and Expectations during the COVID-19 Pandemic". [SSRN] [CESifo Working Paper No. 8244] [CEPR Covid Economics Issue 23]

Expectation Formation in a New Environment: Evidence from the German Reunification, with Olga Goldfayn-Frank, Journal of Monetary Economics, Vol. 115, November 2020, p. 301-320. [SSRN] [IMFS Working Paper No. 129] [Online Appendix]

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?, with Chris Roth, Review of Economics and Statistics, Vol. 102(4), October 2020, p.731-748. [SSRN] [CESifo Working Paper No. 7154] [Online Appendix] [Experimental Instructions] Reinhard Selten Award, German Economic Association. Coverage: FAZIT

Experienced Inequality and Preferences for Redistribution, with Chris Roth, Journal of Public Economics, Vol. 167, November 2018, p. 251-262. [SSRN] [CESifo Working Paper No. 6251] Coverage: NY Times

Relative Concerns for Consumption at the Top: An Intertemporal Analysis for the UK, with Climent Quintana-Domeque, Journal of Economic Behavior and Organization, Vol. 129, September 2016, p. 172-194.

Other publications:

Makroökonomische Erwartungen und ihre Rolle in wirtschaftlichen Entscheidungen von Haushalten, with Chris Roth, Perspektiven der Wirtschaftspolitik, Vol. 20 (2), June 2019, pp. 159-166.

Resources:

Course materials for the PhD course on Subjective Beliefs, Attention and Economic Behavior that Felix Chopra, Ingar Haaland, Chris Roth, Sonja Settele  and I organized in March 2023.

Course materials for the PhD course on Subjective Beliefs in Macroeconomics and Household Finance that Chris Roth  and I organized in April 2021, including lectures by Yueran Ma, Michael McMahon, Florian Zimmermann and us.