NONE of the material posted on this personal website necessarily represents the views of the Deutsche Bundesbank, the Eurosystem or its staff.
Working Papers
Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks with James Cloyne and Alan M. Taylor, NBER Working Paper 30485. Also available as: Bundesbank Discussion Paper 34/2022, CEPR Working Paper 17587. Summaries: Bundesbank Research Brief No. 54: [de] / [en], VoxEU.
On the empirical relevance of the exchange rate as a shock absorber at the ZLB with David Finck and Mathias Hoffmann, Bundesbank Discussion Paper 10/2023.
Do exchange rates absorb demand shocks at the ZLB? with Mathias Hoffmann, Bundesbank Discussion Paper 13/2021.
Publications
Zero-risk weights and capital misallocation with Takuji Fueki and Todd B. Walker, forthcoming at: Journal of Financial Stability. Other: Bundesbank DP 16/2024.
Expectations formation, sticky prices, and the ZLB with Elizabeth Bersson and Matthias Paustian, Journal of Money, Credit and Banking, Volume 56, Issue 2-3, pp. 365-393, March-April 2024. Older: Bundesbank DP 34/2019. Summary: Bundesbank Research Brief No. 31: [de], [en].
Fiscal space in the COVID-19 pandemic, Applied Economics, Volume 53, Issue 39, pp. 4517-4532. Older: Bundesbank DP 35/2020.
Disagreement about inflation expectations and monetary policy transmission with Elisabeth Falck and Mathias Hoffmann, Journal of Monetary Economics, Volume 118, March 2021, pp. 15-31. Older: Bundesbank DP 29/2017. Summary: VoxEU, Bundesbank Research Brief No. 15: [de], [en].
The macroeconomic effects of monetary policy: A new measure for the United Kingdom with James Cloyne, American Economic Journal: Macroeconomics, Volume 8(4), pp. 75-102, October 2016. Older: BoE WP No. 493. Summary: VoxEU.
Inflation expectations, disagreement, and monetary policy with Mathias Hoffmann, Economics Letters, Volume 146, pp. 59-63, September 2016.
Sovereign default risk and state-dependent twin deficits with Ronald Rühmkorf, Journal of International Money and Finance, Volume 48, pp. 357-382, November 2014. Awards: ZEW Heinz König Young Scholar Award 2013.
Consumer misperceptions, uncertain fundamentals, and the business cycle, Journal of Economic Dynamics and Control, Volume 40, pp. 279–292, March 2014.
NONE of the material posted on this personal website necessarily represents the views of the Deutsche Bundesbank, the Eurosystem or its staff.
Working Papers
Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks with James Cloyne and Alan M. Taylor, NBER Working Paper 30485. Also available as: Bundesbank Discussion Paper 34/2022, CEPR Working Paper 17587. Summaries: Bundesbank Research Brief No. 54: [de] / [en], VoxEU.
On the empirical relevance of the exchange rate as a shock absorber at the ZLB with David Finck and Mathias Hoffmann, Bundesbank Discussion Paper 10/2023.
Do exchange rates absorb demand shocks at the ZLB? with Mathias Hoffmann, Bundesbank Discussion Paper 13/2021.
Publications
Zero-risk weights and capital misallocation Zero-risk weights and capital misllocation with Takuji Fueki and Todd B. Walker, forthcoming at: Journal of Financial Stability. Other: Bundesbank DP 16/2024.
Expectations formation, sticky prices, and the ZLB with Elizabeth Bersson and Matthias Paustian, Journal of Money, Credit and Banking, Volume 56, Issue 2-3, pp. 365-393, March-April 2024. Older: Bundesbank DP 34/2019. Summary: Bundesbank Research Brief No. 31: [de], [en].
Fiscal space in the COVID-19 pandemic, Applied Economics, Volume 53, Issue 39, pp. 4517-4532. Older: Bundesbank DP 35/2020.
Disagreement about inflation expectations and monetary policy transmission with Elisabeth Falck and Mathias Hoffmann, Journal of Monetary Economics, Volume 118, March 2021, pp. 15-31. Older: Bundesbank DP 29/2017. Summary: VoxEU, Bundesbank Research Brief No. 15: [de], [en].
The macroeconomic effects of monetary policy: A new measure for the United Kingdom with James Cloyne, American Economic Journal: Macroeconomics, Volume 8(4), pp. 75-102, October 2016. Older: BoE WP No. 493. Summary: VoxEU.
Inflation expectations, disagreement, and monetary policy with Mathias Hoffmann, Economics Letters, Volume 146, pp. 59-63, September 2016.
Sovereign default risk and state-dependent twin deficits with Ronald Rühmkorf, Journal of International Money and Finance, Volume 48, pp. 357-382, November 2014. Awards: ZEW Heinz König Young Scholar Award 2013.
Consumer misperceptions, uncertain fundamentals, and the business cycle, Journal of Economic Dynamics and Control, Volume 40, pp. 279–292, March 2014.