Latest

Paper:  Das House Kapital  (with Volker Grossmann & Benjamin Larin)  --  R&R at the Journal of the European Economic Association
former versions: Das House Kapital: A Long Term Housing & Macro Model, IMF Working Paper No. 17/80 | CESifo WP No. 5844 | Summary on VoxEU

Relaxation: Check out the website on the powerful relaxation algorithm that can easily solve macroeconomic models.

Selected Publications

Distributional Consequences of Surging Housing Rents, Journal of Economic Theory, 2021, Vol. 196.  (with Volker Grossmann, Benjamin Larin & Hans Torben Loefflad)  WP

Reversal of Migration Flows: A Fresh Look at the German Reunification, Journal of International Economics, 2017, Vol. 109, 1-15. (with Benjamin Fuchs, Volker Grossmann & Andreas Schäfer)  Working Paper

No Price Like Home: Global House Prices, 1870–2012, American Economic Review, 2017, Vol. 105 (2), 331-353.  (with Katharina Knoll & Moritz Schularick)  Working Paper
Summary on VoxEU

Does Expansion of Higher Education Lead to Trickle-Down Growth?, Journal of Public Economics, 2015, Vol. 132, 79–94.  (with Sebastian Böhm & Volker Grossmann)  Working Paper

Financial Integration, Investment, and Economic Growth: Evidence From Two Eras of Financial Globalization, Review of Economics and Statistics, 2010, Vol. 92, No. 4, 756-768.  (with Moritz Schularick)

Anti-Competitive Conduct, In-House R&D, and Growth, European Economic Review, 2008, Vol. 52, No. 6, 987-1008.  (with Volker Grossmann)

Economic Growth with Subsistence Consumption, Journal of Development Economics, 2000, Vol. 62, No. 2, 343-361.