MacroeconomicsResearch

Firm Expectations and News: Micro v Macro (with Benjamin Born, Gernot Müller, Manuel Menkhoff, and Knut Niemann), February 2024. CEPR Discussion Paper No. 17768, Working Papers of the PP 1859, No. 43.

The Transmission of Supply Shocks in Different Inflation Regimes (with Sarah Arndt), December 2023. CESifo Working Paper No. 10839 and Banque de France Working Paper No. 938.

Cross-country Unemployment Insurance, Transfers, and Trade-offs in International Risk Sharing (with David Vespermann), October 2023. Update of CESifo Working Paper No. 8965.

On FIRE, news, and expectations (with Benjamin Born and Gernot Müller). The Routledge Handbook of Economic Expectations in Historical Perspective, forthcoming. Also CEPR Discussion Paper No. 18259.

Expectation Dispersion, Uncertainty, and the Reaction to News (with Benjamin Born and Jonas Dovern). European Economic Review 154 (2023), 104440.

Firm Expectations and Economic Activity (with Franziska Hünnekes and Gernot Müller). Journal of the European Economic Association 20 (2022), 2396-2439.

Firm expectations about production and prices: Facts, determinants, and effects (with Benjamin Born, Gernot Müller, and Knut Niemann). Handbook of Economic Expectations (2022, Chapter 12), Elsevier, Eds: Ruediger Bachmann, Giorgio Topa, and Wilbert van der Klaauw.

The Role of Information and Experience for Households' Inflation Expectations (with Christian Conrad and Alexander Glas). European Economic Review 143 (2022), 104015.

Growth Expectations, undue Optimism, and short-run Fluctuations (with Michael Kleemann and Gernot Müller). The Review of Economics and Statistics 103 (2021), 905-921.

Market Depth, Leverage, and Speculative Bubbles (with Hendrik Hakenes). Journal of the European Economic Association 19 (2021), 2577-2621.

Heterogeneous Consumers, Segmented Asset Markets, and the Effects of Monetary Policy. The Economic Journal 130 (2020), 1031-1056

Monetary Policy Announcements and Expectations: Evidence from German Firms (with Franziska Hünnekes and Gernot Müller). Journal of Monetary Economics 108 (2019), 45-63.

Global Banking, Trade, and the International Transmission of the Great Recession (with Alexandra Born). The Economic Journal 129 (2019), 2691-2721.

International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through (with Almira Enders and Mathias Hoffmann). Journal of International Economics 110 (2018), 151-175.

Second-round effects after oil price shocks: Evidence for the euro area and Germany (with Almira Enders). Economics Letters 159C (2017), 208-213.

Has the Euro changed the Business Cycle? (with Philip Jung and Gernot Müller). European Economic Review 59 (2013), 189-211.
          Winner of the Klaus-Liebscher Award 2010 of the Austrian Central Bank

How do Fiscal and Technology Shocks affect Real Exchange Rates? New Evidence for the United States (with Gernot Müller and Almuth Scholl). Journal of International Economics 83 (2011), 53-69.

Global Banking and International Business Cycles (with Robert Kollmann and Gernot Müller). European Economic Review 55 (2011), 407-426.
          3rd most cited paper in the EER in the period following 2011

On the International Transmission of Technology Shocks (with Gernot Müller). Journal of International Economics 78 (2009), 45-59.

Makrodaten: Die amtliche Statistik stärken (with Rüdiger Bachmann, Almut Balleer, Niklas Garnadt and Heiko Stüber). Wirtschaftsdienst 103 (2023), 741-745.

Die Prognosen der Europäischen Zentralbank (with Christian Conrad). Ruperto Carola (2023), 22, 24-31.

Der Staat freut sich als Schuldner. Interview in econo (2022), 3, 106-108.

Die EZB setzt ihre Glaubwürdigkeit aufs Spiel (with Christian Conrad and Gernot Müller). Frankfurter Allgemeine Zeitung (2021), 15. December.

Extending the Procedure of Engelberg et al. (2009) to Surveys with Varying Interval-Widths (with Christoph Becker, Peter Duersch, Alexander Glas). 2022.

The General Equilibrium Effects of the Shale Revolution.  Heidelberg University, Department of Economics, Discussion Paper No. 694, 2020.

Price Competition in an Inflationary Environment (with Peter Duersch). Journal of Monetary Economics 104 (2019), 48-66.

Optimal Price Setting During a Currency Changeover: Theory and Evidence from French Restaurants (with Nicoletta Berardi and Erwan Gautier). Applied Economics 46 (2014), 2766-2782.

Explaining Inflation Persistence by a Time-Varying Taylor Rule (with Christian Conrad). Journal of Macroeconomics 34 (2012), 419-428.

Explaining the Persistent Effect of the Euro-Changeover on German Restaurant Prices. October 2011.

Do Menu Costs Make Prices Sticky? October 2008.

Coping With People´s Inflation Perceptions during a Currency Changeover (with Timothy Coombs), November 2007 (revised version). Presented at the EMU Governance & Euro Changeover Conference, Malta 2007.

Price Setting Behaviour and Price Setting Regulations at the Euro Changeover.  September 2006.