Research
Research Interests
Monetary and fiscal policy interactions
Sovereign debt
State Aid
Central Bank Digital Currency
Financial stability
Climate policy
Journal Publications
‘Financial Stability Regulation Under Borrowing and Liquidity Externalities’, with Flora Lutz (Vienna Graduate School of Economics). Journal of the European Economic Association, Volume 19, Issue 2, April 2021, Pages 1000–1040,
‘Optimal fiscal policy and sovereign debt crises’, with Stefan Niemann (University of Essex). Review of Economic Dynamics (2020), Volume 37, p. 234-254.
‘Fiscal policy and the output costs of sovereign default’, with Leyre Gomez-Oliveros Duran (European Commission) and Stefan Niemann (University of Essex), The B.E. Journal of Macroeconomics (2019); DOI:https://doi.org/10.1515/bejm-2017-0236.
‘Delegating climate policy to a supranational authority: a theoretical assessment’, with Gerhard Sorger (University of Vienna), European Economic Review (2018), Volume 101, p. 418-440
‘Collateral, liquidity and debt sustainability’, with Stefan Niemann (University of Essex), The Economic Journal (2017), Volume 127, p. 2093-2126
‘Central bank independence and the monetary instrument problem’, with Stefan Niemann (University of Essex) and Gerhard Sorger (University of Vienna), International Economic Review (2013), Volume 54 (3), p. 1033-1056.
‘Public debt, discretionary policy, and inflation persistence’, with Stefan Niemann (University of Essex) and Gerhard Sorger (University of Vienna), Journal of Economic Dynamics and Control (2013), Volume 37 (6), p. 1097-1109.
‘Oligopolistic Markets with Sequential Search and Production Cost Uncertainty’, with Maarten Janssen (University of Vienna) and Simon Weidenholzer (University of Vienna), RAND Journal of Economics (2011), Volume 42(3), p. 444-470.
‘Optimal fiscal and monetary policies in the face of rare disasters’, with Stefan Niemann (University of Essex), European Economic Review (2011), Volume 55(1), p. 75-92.
‘Solving the multi-country Real Business Cycle model using a monomial rule Galerkin method’, Journal of Economic Dynamics and Control (2011), Volume 35(2), p. 240- 251.
‘Comparison of solutions to the multi-country Real Business Cycle model’, with Robert Kollmann (Universite Libre de Bruxelles), Serguei Maliar (Hoover Institution, Standford University), and Benjamin Malin (Federal Reserve Board), Journal of Economic Dynamics and Control (2011), Volume 35(2), p. 186-202.
‘Forecasting with DSGE Models: The Role of Nonlinearities’, The B.E. Journal of Macroeconomics (2008), Vol. 8, Issue 1, Article 20.
‘Wealth distribution and aggregate time-preference: Markov-perfect equilibria in a Ramsey economy’, with Gerhard Sorger (University of Vienna), Journal of Economic Dynamics and Control (2009), Volume 33 (1), p. 1-14.
‘On the accuracy of low-order projection methods’, Economics Bulletin (2007), Vol. 3 (50), pp. 1-8.
Policy Publications
‘Digital Money’, with Martin Summer (Oesterreichische Nationalbank) and Alexander Schierlinger-Brandmeier (Vienna Graduate School of Economics), Monetary Policy and the Economy, Issue Q3/18, p. 23-35.
‘Digital Money, Cryptocurrencies and Central Banks’, with Martin Summer (Oesterreichische Nationalbank), in Do we need Central Bank Digital Currencies - Economics, Technology and Institutions, edited by Ernest Gnan and Donato Masciandaro, 2018.
‘Does digitalization require Central Bank Digital Currencies for the general public?’, with Martin Summer (Oesterreichische Nationalbank) and Beat Weber (Oesterreichische Nationalbank), Monetary Policy and the Economy.
Work in progress
‘Fiscal delay and sovereign risk’, with Stefan Niemann (University of Essex). Revision requested by the Journal of Money, Credit and Banking.
‘Too little too late? The political (in)feasibility of supranational climate policy arrangements’, with Daniel Croner (University of Vienna), Stefan Niemann (University of Essex), and Gerhard Sorger (University of Vienna).
'CBDC and the demand side', with Philipp Ulbing (Vienna Graduate School of Economics)