International Monetary Fund, since 2017

Financial Counsellor and Director of the Monetary and Capital Markets Department

Federal Reserve Bank of New York, 2003-2016

Associate Director of Research (2015-16), Head of Capital Markets Research (2012-15)

Centre for European Policy Studies, 1995-96

Research Analyst



Massachusetts Institute of Technology, PhD Economics, 2003

London School of Economics, MSc Econometrics and Mathematical Economics, 1998

Goethe University Frankfurt, Diplom Economics, 1995

Dauphine University Paris, Deug 1993, License 1994, Maîtrise Applied Economics,1995

Humboldtschule Bad Homburg, Abitur Mathematics and Literature, 1991


New York University, Stern School of Business, 2013, 2014, 2015  

Princeton University, Bendheim Center for Finance, 2006, 2011   

Seoul National University, Graduate School of Business, 2007

Massachusetts Institute of Technology, 2000 - 2003



Best Paper Award, Financial Management, 2019

American Finance Association’s Distinguished Amundi Smith Breeden Best Paper Prize, 2016

Best Referee Award, Review of Asset Pricing Studies, 2015

President’s Award for Excellence of the Federal Reserve Bank of New York, 2013

Research Fellow of the Institute for Monetary and Financial Stability, Goethe University, 2012

Research Fellow of the Centre for Economic Policy Research (CEPR), since 2011

Research Affiliate of the Volatility Institute (NYU), 2008

Institute for Quantitative Investment Research Award, 2007 – 2008

WFA/CRA International Award for the Best Paper in Corporate Finance, 2007

President’s Award for Excellence of the Federal Reserve Bank of New York, 2005

Robert Solow Foundation Graduate Fellow, Massachusetts Institute of Technology, 1998 - 2000

Fellow of the German Foreign Academic Exchange Service, 1997 - 1998

Chevening Fellow of the British Foreign and Commonwealth Office, 1996 - 1997

Fellow of the Franco-German College of Higher Education, 1994 - 1995



Annual Review of Financial Economics, 2012 - 2024

International Journal of Central Banking, 2016 - 2024



Foundation for the Advancement of Research in Financial Economics (FARFE)

Society for Financial Econometrics (SoFiE)















Germany and United States, born July 23, 1971, Kronberg, Taunus