Macroeconomics and Monetary Economics, Labor Economics.

Curriculum vitae

Working papers and work in progress

• Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016), with Nils Gornemann and Makoto Nakajima.
  supersedes earlier Philadelphia Fed Working Paper 12-21.
  Abstract.   Download.

• The fiscal mix in the euro-area crisis -- dimensions and a model-based assessment of effects (2016), with Giovanni Callegari and Francesco Drudi.
  prepared for April 2016 Economic Policy Panel.
  Abstract.  

• The Case for Flexible Exchange Rates in a Great Recession (2016), with Giancarlo Corsetti and Gernot Müller.
  Abstract.   Download.

Publications

• Fiscal Volatility Shocks and Economic Activity (forthcoming), with Jesús Fernández-Villaverde, Pablo A. Guerrón-Quintana, and Juan Rubio-Ramírez. American Economic Review.
  Abstract.   Download.

• Optimal Labor-Market Policy in Recessions (2015), with Philip Jung.
  American Economic Journal: Macroeconomics, 7(2): 124-56.
  Abstract.   Download.

• Sovereign Risk and Macroeconomic Stability in the Euro Area (2014), Giancarlo Corsetti, André Meier, and Gernot Mueller,
  Journal of Monetary Economics, 61(Jan), pp. 53-73.
  Abstract.   Download.

• Sovereign Risk, Fiscal Policy, and Macroeconomic Stability (2013) , with Giancarlo Corsetti, André Meier, and Gernot Mueller,
  Economic Journal, 123(566), pp. F99-F132.
  Abstract.   Download.

• Floats, Pegs and the Transmission of Fiscal Policy (2013) , with Giancarlo Corsetti and Gernot Mueller,
  in Luis Felipe Céspedes and Jordi Galí (eds) "Series on Central Banking, Analysis, and Economic Policies, Volume 17: Fiscal Policy and Macroeconomic Performance," p. 235-281, , Santiago: Central Bank of Chile.
  Abstract.   Download.

• The (Un)Importance of Unemployment Fluctuations for the Welfare Cost of Business Cycles (2011), with P. Jung.
  Journal of Economic Dynamics and Control, 35(10), p. 1744-1768. Abstract.   Published version.

• Real Price and Wage Rigidities with Matching Frictions (2010).
  Journal of Monetary Economics, 57(4), p. 466-477. Abstract, Published Version. 

• Debt Consolidation and Fiscal Stabilization of Deep Recessions (2010), with G. Corsetti, A. Meier and G. Mueller.
  American Economic Review, Papers and Proceedings, 100(2), p. 41-45. Abstract,   Published Version,  Earlier version.

• Insurance Policies for Monetary Policy for the Euro Area (2010), with V. Wieland.
  Journal of the European Economic Association, 8(4), p. 872-912. Abstract,   Published Version,   Philadelphia Fed Working Paper 08-29.

• The Role of Labor Markets for Euro Area Monetary Policy (2009), with K. Christoffel and T. Linzert.
  European Economic Review, 53(8), p. 908-936. Abstract,   Published Version,   Philadelphia Fed Working Paper 09-01.

• The Elasticity of the Unemployment Rate with respect to Benefits (2009), with K. Christoffel.
  Economics Letters, 102(2), p. 102-105. Abstract,   Published Version,   Philadelphia Fed Working Paper 08-15.

• Is the New Keynesian Phillips Curve Flat? (2009), with G. Mueller and S. Stoelting.
  Economics Letters, 103(1), p. 39-41. Abstract,   Published Version,   Earlier Version.

• Resuscitating the Wage Channel in Models with Unemployment Fluctuations (2008), with K. Christoffel.
  Journal of Monetary Economics, 2008, 55(5), p. 865-887. Abstract,   Published Version,  Working Paper.

• Value-at-Risk Prediction: A Comparison of Alternative Strategies (2006), with S. Mittnik and M. Paolella.
  Journal of Financial Econometrics, 2006, 4(1), p. 53-89. Abstract,   Published Version,   Older Working paper.

• Optimal Monetary Policy Rules for the Euro Area (2005), with A. Dieppe and P. McAdam.
  Journal of Common Market Studies, 2005, 43(3), p. 507 - 537. Abstract,   Published Version,  Working paper.

Older papers

• Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications (2009), with Kai Christoffel, James Costain, Gregory de Walque, Tobias Linzert, Stephen Millard, and Olivier Pierrard,
  Philadelphia Fed Working Paper 09-6.
  Download.

Teaching

• Summer term 16: Monetary Economics (Master), Topics in Macroeconomics (PhD)
  
• Previous terms: PhD Macro I, Monetary Economics (Master), Geldtheorie und -politik (Bachelor)