Working papers

and work in progress

Limited energy supply, sunspots, and monetary policy (2022), with Nils Gornemann and Sebastian Hildebrand, Latest version (May 2023), earlier version: ECONtribute Discussion Paper No. 215 (Dec 2022)

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2022), with Nils Gornemann and Makoto Nakajima, Revise and resubmit at Review of Economic Studies. Submitted version (with appendix)

The Exchange Rate Insulation Puzzle (2021), with Giancarlo Corsetti, Gernot Müller, Sebastian Schmidt, ECB Working Paper No 2630 (Dec. 2021)

Federal unemployment reinsurance and local labor-market policies (2020), with Marek Ignaszak and Philip Jung, IZA Discussion Paper 13886

Low nominal rates and the saver: The dark side of lower(ing) interest rates, with Pablo Guerrón-Quintana. slides