Welcome to my website.
I am a Professor of Macroeconomics at Goethe University Frankfurt.
I am a Research Fellow at the Halle Institute for Economic Research (IWH).
My fields of interest are macroeconomics, monetary economics, public economics, labor economics, international macroeconomics, financial frictions, applied econometrics, and epidemics.
I am serving as an Associate Editor at the Review of Economic Dynamics.
I am a member of the Epidemic Macro Model Database project (joint with Volker Wieland and team). Check out the new model comparison platform for epidemic macro models: www.epi-mmb.com.
Call for applications: Goethe Macro Training School Workshop on Heterogeneous-Agent Macroeconomics, June 24-26, 2024, in Frankfurt (Germany) with workshop instructors Adrien Auclert (Stanford University), Matthew Rognlie (Northwestern University), and Ludwig Straub (Harvard University).
News:
March 2024: new paper ''Monetary Policy and Inflation Scares'' (with C. Erceg and J. Lindé).
March 2024: new paper ''Inflation, Inequality, and the Business Cycle'' (with C. Lindemann and S. Semik).
February 2024: Call for applications: Goethe Macro Training School Workshop on Heterogeneous-Agent Macroeconomics, June 24-26, 2024, in Frankfurt (Germany).
October 2023: new paper ''Sticky Prices or Sticky Wages? An Equivalence Result'' (with F. Bilbiie).
August 2023: new publication ''Expectations, Infections, and Economic Activity'' (with M. Eichenbaum, M. Godinho de Matos, F. Lima, and S. Rebelo).
May 2023: new publication ''Understanding Post-Covid Inflation Dynamics'' (with M. Harding and J. Lindé).
April 2023: substantially revised version available of ''Understanding Post-Covid Inflation Dynamics'' (with M. Harding and J. Lindé).
March 2023: substantially revised version available of ''Expectations, Infections, and Economic Activity'' (with M. Eichenbaum, M. Godinho de Matos, F. Lima, and S. Rebelo).
May 2022: new paper ''Understanding Post-Covid Inflation Dynamics'' (with M. Harding and J. Lindé).
April 2022: new paper ''Expectations, Infections, and Economic Activity'' (with M. Eichenbaum, M. Godinho de Matos, F. Lima and S. Rebelo).
February 2022: new publication ''The Macroeconomics of Testing and Quarantining'' (with M. Eichenbaum and S. Rebelo).
January 2022: new publication ''Epidemics in the New Keynesian Model'' (with M. Eichenbaum and S. Rebelo).
December 2021: Epidemic Macro Model Database (Epi-MMB) launched (joint with Volker Wieland and team). Check out the new model comparison platform for epidemic macro models here: www.epi-mmb.com
September 2021: new publication ''Resolving the Missing Deflation Puzzle'' (with M. Harding and J. Lindé).
August 2021: new publication ''Inequality in Life and Death'' (with M. Eichenbaum and S. Rebelo).
July 2021: new version available for ''Inequality in Life and Death'' (with M. Eichenbaum and S. Rebelo).
April 2021: new position as Professor of Macroeconomics at Goethe University Frankfurt.
April 2021: new publication ''The Macroeconomics of Epidemics'' (with M. Eichenbaum and S. Rebelo).
April 2021: new publication ''Why is Unemployment so Countercyclical?'' (with L. Christiano and M. Eichenbaum).
April 2021: new version available for ''The Macroeconomics of Testing and Quarantining'' (with M. Eichenbaum and S. Rebelo).
December 2020: new paper ''Inequality in Life and Death'' (with M. Eichenbaum and S. Rebelo).
October 2020: new paper ''How do People Respond to Small Probability Events with Large, Negative Consequences?'' (with M. Eichenbaum, M. Godinho de Matos, F. Lima and S. Rebelo).
August 2020: new version and replication codes available for ''The Macroeconomics of Testing and Quarantining'' (with M. Eichenbaum and S. Rebelo).
June 2020: new paper ''Epidemics in the Neoclassical and New Keynesian Models'' (with M. Eichenbaum and S. Rebelo). Replication codes available too.
May 2020: new publication ''Involuntary Unemployment and the Business Cycle'' (with L. Christiano and K. Walentin).
April 2020: new paper ''The Macroeconomics of Testing and Quarantining'' (with M. Eichenbaum and S. Rebelo).
April 2020: new version and replication codes available for ''The Macroeconomics of Epidemics'' (with M. Eichenbaum and S. Rebelo).
March 2020: new paper ''The Macroeconomics of Epidemics'' (with M. Eichenbaum and S. Rebelo).
January 2020: new paper ''Why is Unemployment so Countercyclical?'' (with L. Christiano and M. Eichenbaum).
September 2019: new version of ''Resolving the Missing Deflation Puzzle'' (with M. Harding and J. Lindé).
July 2018: new publication ''On DSGE Models'' (with L. Christiano and M. Eichenbaum).
December 2017: new publication ''Should We Use Linearized Models To Calculate Fiscal Multipliers?'' (with J. Lindé).
April 2017: ''Understanding the Great Recession'' (with L. Christiano and M. Eichenbaum) wins 2017 Best Paper Award at the American Economic Journal: Macroeconomics. www.aeaweb.org/news/2017-aej-best-papers, www.aeaweb.org/about-aea/honors-awards/aej-best-papers.
March 2016: new publication ''Unemployment and Business Cycles'' (with L. Christiano and M. Eichenbaum).
March 2016: new publication ''The Macroeconomic Risks of Undesirably Low Inflation'' (with J. Arias and C. Erceg).