Research
Publications
"Monetary Policy, Firms' Extensive Margin and Productivity" (with Benny Hartwig)
Forthcoming at International Journal of Central Banking. Online Appendix. Earlier version available as Bundesbank Discussion Paper 61/2020."Saving at the top and the long-run relationship between wealth and income inequality" (with Philip Vermeulen)
Applied Economics, Volume 55, 2023 - Issue 45. Earlier version available as ECB Working Paper No 2204."Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions" (with Michael Binder, Jorge Quintana and Volker Wieland)
Chapter in Mayes D., Siklos P. and J.E. Sturm (eds.), "The Oxford Handbook of the Economics of Central Banking", 2019, Oxford University Press. Also available as CEPR Discussion Paper 12013Working Papers
Monetary Policy
"Financial Frictions, the Phillips Curve and Monetary Policy"
Bundesbank Discussion Paper 47/2019."The Hockey Stick Phillips Curve and the Zero Lower Bound" (with Gregor Boehl)
Bundesbank Discussion Paper 55/2021."Coordinating Monetary and Macroprudential Policy under Model Uncertainty" (with Michael Binder, Jorge Quintana and Volker Wieland)
Fiscal Policy
"A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance" (with Jean-Marc Fournier)
IMF Working Paper No. 20/33."On the Macroeconomic and Fiscal Effects of the Tax Cuts and Jobs Act" (with Volker Wieland)
Staff of the German Council of Economic Experts Working Paper 10/2018."Fiscal Multipliers in Policy-Focused Models with Financial Sector Risk (with Michael Binder and Volker Wieland)
MACFINROBODS Working Paper 6.4.