Welcome to my website!
I am an Economist Graduate Programme Participant in the Monetary Policy Research Division of the Directorate General Research at the European Central Bank.
My research lies at the intersection of macroeconomics, monetary economics, fiscal policy, macro-finance, and international macroeconomics. In particular, I study:
the distributional effects of sectoral shocks in economies with heterogeneous households and interconnected production networks;
the role of micro-level distortions in shaping aggregate outcomes and business cycle dynamics;
the impact of asymmetric information in equity markets on firms’ investment decisions;
the role of incomplete information in firms’ price-setting behavior;
the interaction between monetary policy and expectation formation.
My recent work focuses on household heterogeneity, production networks, fiscal policy transmission, inflation dynamics, and firm financing.
You can find my CV here.
06/2026: ECB Working Paper published: “Fiscal Policy Transmission through Production Networks with Heterogeneous Households” (ECB Working Paper No. 3244).
06/2026: New working paper available: “Import Prices, Production Networks and Inflation.”
03/2026: Joined the Monetary Policy Research Division of the European Central Bank as Economist Graduate Programme Participant.
2025–2026: Participating in the ESCB Research Network on Challenges for Monetary Policy Transmission in a Changing World (ChaMP) with research on household heterogeneity and production networks.
Email: tobias.mueller@ecb.europa.eu
Github: https://github.com/topmueller
All views expressed on this site are my own and do not necessarily reflect the views of the ECB or the Eurosystem.