Working papers

and work in progress

See ideas/repec for download links

The Exchange Rate Insulation Puzzle (January 2021), with Giancarlo Corsetti, Gernot Müller, Sebastian Schmidt

Federal unemployment reinsurance and local labor-market policies (November 2020), with Marek Ignaszak and Philip Jung

News and uncertainty about COVID-19: Survey evidence and the short-run economic impact, with Alexander Dietrich, Gernot Muller, and Raphael Schoenle.

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2021), with Nils Gornemann and Makoto Nakajima.
Submitted. Latest version (online appendix), 2016 version

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