Working Papers & Work in Progress

Working Papers

Who Saves More, the Naïve or the Sophisticated Agent (with Max Groneck and Alex Zimper), 2021, CEPR DP16412.

Evaluating the Effectiveness of Policies Against a Pandemic (with Christian Alemán, Christopher Busch and Raul Santaeulàlia-Llopis), 2020. Earlier version: CEPR DP15390

The Long-Term Distributional and Welfare Effects of Covid-19 School Closures (with Nicola Fuchs-Schündeln, Dirk Krueger and Irina Popova), 2020, revise and resubmit at: Economic Journal. Earlier version: CEPR DP15227

Higher-Order Income Risk over the Business Cycle (with Christopher Busch), Appendix, 2020, under review. Earlier version: CEPR DP14538

Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results (with Raphael Abiry and Christian Geppert), 2016.

Work in Progress

The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures (with Nicola Fuchs-Schündeln, Dirk Krueger, Andre Kurmann, Etienne Lalé, Irina Popova), 2021, work in progress.

Finance and Inequality: A Tale of Two Tails (with Ctirad Slavik, Alexander Monge-Naranjo, Faisal Sohail), 2019, work in progress.

The Medical Expansion, Life-Expactancy and Endogenous Directed Technical Change (with Jesus Fernandez-Villaverde, Dirk Krueger and Matthias Schön), 2019, work in progress.

Optimal Climate Change Mitigation through Green Quantitative Easing and Fiscal Policy (with Raphael Abiry, Marien Ferdinandusse and Carolin Nerlich), work in progress.

Assortative Matching and Social Mobility: The Education Channel (with Nicola Fuchs-Schündeln, Zhao Jin and Irina Popova), work in progress.

House Price Expectations and Housing Choice (with Jochen Mankart, Jorge Quintana, Nate Vellekoop and Mirko Wiederholt), work in progress.

Optimal Social Insurance: Avoid Old-Age Poverty? (with Peter Haan, Osman Küçükşen and Matthias Schön)

On the Optimal Interplay of Early and Late Education Subsidies and Taxation (with Fabian Becker and Dirk Krueger), work in progress.

The Optimal Joint Design of Unemployment and Pension Insurance (with Nils Grevenbrock), work in progress.

A New Utility Function for Macroeconomists (with Raphael Abiry), 2015, work in progress