Mathias Trabandt

Home Research Curriculum Vitae Courses Contact



Understanding Post-Covid Inflation Dynamics

with M. Harding and J. Lindé



Expectations, Infections, and Economic Activity*

with M. Eichenbaum, M. Godinho de Matos, F. Lima and S. Rebelo

Revise and Resubmit at the Journal of Political Economy

*This paper replaces the paper titled ''How do People Respond to Small Probability Events with Large, Negative Consequences?''



Resolving the Missing Deflation Puzzle

with M. Harding and J. Lindé

Journal of Monetary Economics, Vol. 126, March 2022, pp. 15-34, https://doi.org/10.1016/j.jmoneco.2021.09.003



Epidemics in the New Keynesian Model*

with M. Eichenbaum and S. Rebelo

Journal of Economic Dynamics and Control, Vol. 140, July 2022, 104334, https://doi.org/10.1016/j.jedc.2022.104334

*A previous version of the paper was titled ''Epidemics in the Neoclassical and New Keynesian Models''



The Macroeconomics of Testing and Quarantining

with M. Eichenbaum and S. Rebelo

Journal of Economic Dynamics and Control, Vol. 138, May 2022, 104337, https://doi.org/10.1016/j.jedc.2022.104337

The paper has been featured by e.g. the Frankfurter Allgemeine Zeitung.



Inequality in Life and Death

with M. Eichenbaum and S. Rebelo

IMF Economic Review, March 2022, 70, pp. 68-104 (2022), https://doi.org/10.1057/s41308-021-00147-3



The Macroeconomics of Epidemics

with M. Eichenbaum and S. Rebelo

The Review of Financial Studies, Vol. 34, Issue 11, November 2021, pp. 5149-5187, https://doi.org/10.1093/rfs/hhab040

The paper has been featured by e.g. the New York Times (title page), Washington Post, Frankfurter Allgemeine Zeitung, Science, Forbes, Bloomberg, International Business Times, BBC Brazil, NZZ am Sonntag, The Academic Times among others.



Why is Unemployment so Countercyclical?

with L. Christiano and M. Eichenbaum

Review of Economic Dynamics, Vol. 41, July 2021, pp. 4-37, https://doi.org/10.1016/j.red.2021.04.008



Involuntary Unemployment and the Business Cycle

with L. Christiano and K. Walentin

Review of Economic Dynamics, Vol. 39, January 2021, pp. 26-54, https://doi.org/10.1016/j.red.2020.05.003



On DSGE Models

with L. Christiano and M. Eichenbaum

Journal of Economic Perspectives, Vol. 32, No. 3, Summer 2018, pp. 113-140, https://doi.org/10.1257/jep.32.3.113

  • MATLAB codes (zip file might not preview; click 'Download' when prompted)



Government Debt, the Zero Lower Bound, and Monetary Policy

with F. Smets

Revise and Resubmit at the Journal of Money, Credit, and Banking



Should We Use Linearized Models to Calculate Fiscal Multipliers?*

with J. Lindé

Journal of Applied Econometrics, 2018, Vol. 33, Issue 7, pp. 937-965, http://dx.doi.org/10.1002/jae.2641

*A previous version of the paper was titled ''Fiscal Multipliers in a Nonlinear World''.



Unemployment and Business Cycles

with L. Christiano and M. Eichenbaum

Econometrica, July 2016, 84(4), pp. 1523-1569, http://dx.doi.org/10.3982/ECTA11776



The Macroeconomic Risks of Undesirably Low Inflation

with J. Arias and C. Erceg

European Economic Review, Volume 88, September 2016, pp. 88-107, http://dx.doi.org/10.1016/j.euroecorev.2016.03.005



Understanding the Great Recession*

with L. Christiano and M. Eichenbaum

American Economic Journal: Macroeconomics, 7(1), January 2015, pp. 110-167, http://dx.doi.org/10.1257/mac.20140104

*2017 Best Paper Award American Economic Journal: Macroeconomics. Papers published in the preceding three years are eligible for the award. https://www.aeaweb.org/news/2017-aej-best-papers

https://www.aeaweb.org/about-aea/honors-awards/aej-best-papers



Sovereign Debt Overhang and Monetary Policy

with F. Smets

Monetary Policy, Sovereign Debt and Financial Stability: The New Trilemma, editor D. Mohanty, 2014, pp. 332-363, ISBN: 978-93-82993-20-9, Cambridge University Press India, http://www.cambridgeindia.org/books/searchedbook/Monetary-Policy-Sovereign-Debt-and-Financial-Stability/9789382993209



Gauging the Effects of Fiscal Stimulus Packages in the Euro Area

with G. Coenen and R. Straub

Journal of Economic Dynamics and Control, 37(2), February 2013, pp. 367-386, http://dx.doi.org/10.1016/j.jedc.2012.09.006

  • MATLAB codes (zip file might not preview; click 'Download' when prompted)



How Do Laffer Curves Differ Across Countries?

with H. Uhlig

NBER Chapters: Fiscal Policy After the Financial Crisis, editors A. Alesina and F. Giavazzi, 2013, pp. 211-249, ISBN: 9780226018447, University of Chicago Press, http://press.uchicago.edu/ucp/books/book/chicago/F/bo15507064.html


Fiscal Policy and the Great Recession in the Euro Area

with G. Coenen and R. Straub

American Economic Review, Papers and Proceedings, 102(3), May 2012, pp. 71-76, http://dx.doi.org/10.1257/aer.102.3.71



Effects of Fiscal Stimulus in Structural Models

with Coenen, de Resende, Erceg, Freedman, Furceri, in 't Veld, Kumhof, Lalonde,

Laxton, Lindé, Mourougane, Muir, Mursula, Roberts, Roeger and Snudden

American Economic Journal: Macroeconomics, 4(1), January 2012, pp. 22–68, http://dx.doi.org/10.1257/mac.4.1.22

  • Appendix

  • Codes (zip file might not preview; click 'Download' when prompted)


The Laffer Curve Revisited

with H. Uhlig

Journal of Monetary Economics, Volume 58, Issue 4, May 2011, pages 305–327, http://dx.doi.org/10.1016/j.jmoneco.2011.07.003


Introducing Financial Frictions and Unemployment Into a Small Open Economy Model

with L. Christiano and K. Walentin

Journal of Economic Dynamics and Control, 35(12), December 2011, pp. 1999–2041, http://dx.doi.org/10.1016/j.jedc.2011.09.005



DSGE Models for Monetary Policy Analysis

with L. Christiano and K. Walentin

Handbook of Monetary Economics, 2010, editors B. M. Friedman and M. Woodford, Volume 3a, Chapter 7, Pages 285-367, ISBN: 978-0-444-53238-1, Elsevier B.V., North-Holland, http://dx.doi.org/10.1016/B978-0-444-53238-1.00007-7



Euro Area Fiscal Policies and the Crisis

with Afonso, Attinasi, Catz, Checherita, Nickel, Leiner-Killinger, Maurer, Rother, Slavik, Valenta, Riet and Warmedinger

ECB Occasional Paper, No. 109, edited by A. van Riet, http://www.ecb.int/pub/pdf/scpops/ecbocp109.pdf



When Does Fiscal Stimulus Work?

with G. Coenen and J. Kilponen

ECB Research Bulletin, No. 10

For a related analysis see also: The Effectiveness of Euro Area Fiscal Policies, ECB Monthly Bulletin 7/2010, http://www.ecb.int/pub/pdf/other/researchbulletin10en.pdf



Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework

This version: January 29, 2009

Previous version: Sveriges Riksbank Working Paper No. 209



Optimal Pre-Announced Tax Reforms Revisited

This version: January 29, 2009

Previous version: EUI Working Paper ECO 2007/52



Essays in Macroeconomics

Dissertation, Humboldt University Berlin, December 2006, http://edoc.hu-berlin.de/docviews/abstract.php?lang=en&id=28119



Should US and European Monetary Policy be Coordinated? A Sticky Information Approach

Diploma Thesis, Humboldt University Berlin, August 2001



Predicting Inflation in Euroland - The Pstar Approach

with J. Scheide

This version: December 2000; Kiel Institute for the World Economy Working Paper No. 1019