Selected working papers

2020 (updated, December 2020)

Price setting frequency and the Phillips curve
(with Alex Grimaud)

Firms' time-varying price setting frequency explains Phillips curve shifts and improves the New Keynesian model's fit to macro and micro data.

2018 (updated, August 2020)

Endogenously (Non-)Ricardian Beliefs
(with William Branch)

A paper on multiple equilibria featuring both Ricardian and non-Ricardian outcomes that impact inflation dynamics.

News

July 10th, 2021 Publication My paper that shows how incorporating heterogeneous expectations in both the design and implementation of optimal monetary policy reduces central bank losses has been accepted for publication in the Journal of Economic Behavior and Organization.
May 21st, 2021 Workshop Some colleagues and me are organizing the (virtual) 3rd edition of the Behavioral Macroeconomics Workshop (cancelled in 2020 b/c of COVID-19) at the University of Bamberg. The program is now online.
April 21st, 2021 Revision There is an update on the paper that shows that incorporating heterogeneous expectations in both the design and implementation of optimal monetary policy reduces central bank losses.
February 1st, 2021 Job opening We are looking for a doctoral student/research assistant for our OeNB Anniversary Fund project (ID: 18646) "On the optimal design of tax-transfer policies for low-income households".
January 4th, 2021 Project The OeNB Anniversary Fund has kindly decided to fund our project (ID: 18611) "Should central banks modify their inflation targeting framework when agents are boundedly rational?".
December 7th, 2020 Revision There is an update on the paper (joint work with Alex Grimaud) that shows how firms' time-varying price setting frequency explains Phillips curve shifts and improves the New Keynesian model's fit to macro and micro data.
November 17th, 2020 Project Preliminary results of my AU-MEI project (a Monthly Economic Index for Measuring Real Activity in Austria) are available.
August 11th, 2020 Revision There is an update on the paper (joint work with William Branch) on multiple equilibria featuring both Ricardian and non-Ricardian outcomes that impact inflation dynamics.
August 7th, 2020 Revision There is an update on the paper (joint work with Sergio Destefanis and Matteo Fragetta) on the macroeconomic performance of the Euro Area.
May 4th, 2020 Publication The paper Mario Di Serio, Matteo Fragetta and me wrote on the government spending multiplier at the zero lower bound has been accepted for publication in the Oxford Bulletin of Economics and Statistics.
March 26th, 2020 New paper There is a new paper (joint work with Alex Grimaud) on time-varying price setting frequency and the implications for the Phillips curve.
March 1st, 2020 Publication The paper Klaus Prettner and me wrote on the possibility of automation-induced stagnation and the implications of a robot tax has been accepted for publication in Macroeconomic Dynamics.
January 14th, 2020 Workshop Some colleagues and me are organizing the 3rd edition of the Behavioral Macroeconomics Workshop: Heterogeneity and Expectations in Macroeconomics and Finance at the University of Bamberg. More information can be found here.
January 7th, 2019 New Job Starting in January, I am Assistant Professor in Economics at the Institute of Statistics and Mathematical Methods in Economics at TU Wien.
January 7th, 2019 Workshop Some colleagues and me are organizing the 2nd edition of the Behavioral Macroeconomics Workshop: Heterogeneity and Expectations in Macroeconomics and Finance at the University of Bamberg. More information can be found here.
April 27th, 2018 New paper There is a new paper (joint work with William Branch) on multiple equilibria featuring both Ricardian and non-Ricardian outcomes that impact inflation dynamics.
April 26th, 2018 New paper There is a new paper (joint work with Sergio Destefanis and Matteo Fragetta) on the macroeconomic performance of the Euro Area, which is also part of the EABCN conference on `Measuring the Effects of Unconventional Monetary Policy in the Data: What Have We Learned?'.
February 15th, 2018 Visiting Scholar I'll be again a visiting scholar at the Department of Economics of the University of California, Irvine this spring.
January 31st, 2018 Workshop Some colleagues and me are organizing a workshop on behavioral macroeconomics at the University of Bamberg. More information can be found here.
July 26th, 2017 New paper There is a new paper on optimal monetary policy in a New Keynesian model with heterogeneous expectations and aggregate uncertainty.
June 16th, 2017 Revision There is an update on the paper on the possibility of automation-induced stagnation.
February 24th, 2017 New paper A new paper (joint work with Klaus Prettner) on the possibility of automation-induced stagnation is available.
February 13th, 2017 Visiting Scholar I'll be visiting scholar at the Department of Economics of the University of California, Irvine this spring and summer.
October 12th, 2016 New procedure From now on the recognition of credits for outgoing Erasmus students will be exclusively handled via this form and the process described therein. See also the menu of this website.
August 9th, 2016 Publication The paper I wrote on monetary and fiscal policy interaction under heterogeneous expectations has been accepted for publication in Macroeconomic Dynamics.
May 28th, 2016 Revised version There is a revised version of the paper I wrote on monetary and fiscal policy interaction under heterogeneous expectations.
October 20th, 2015 Course overview The macroeconomists now prowide an overview on the courses offered in current and the following two terms, which can be found here.
October 15th, 2015 New Job Starting in fall, I am Juniorprofessor of Macroeconomics at the School of Business & Economics at Freie Universität Berlin.
August 18th, 2015 Revised version There is a revised version of the paper I wrote on monetary and fiscal policy interaction under heterogeneous expectations.
May 15th, 2014 Publication The paper I wrote on optimal monetary policy under heterogeneous expectations has been accepted for publication in the Journal of Money, Credit and Banking.
March 19th, 2014 Visiting position I'll be visiting Narodowy Bank Polski this summer.
January 23rd, 2014 Job opening We are hiring a postdoc for our research project.
November 19th, 2013 Funding Fundação para a Ciência e a Tecnologia's Social Sciences and the Humanities Evaluation Panel has kindly recommended funding for the exploratory research project proposal on currency competition by Alexandra Ferreira Lopes and me.
November 8th, 2013 Publication The paper Shoujian and me wrote on the effects of anticipated fiscal policy changes has been accepted for publication in the Journal of Economic Dynamics and Control.
September 18th, 2013 New affiliation I have recently been invited to join the Centre for Dynamic Macroeconomic Analysis (CDMA) at the University of St Andrews as a Research Affiliate.
September 18th, 2013 New paper A new paper on optimal monetary policy under heterogeneous expectations is available.