Working Papers & Work in Progress

Working Papers

The Medical Expansion, Life-Expectancy and Endogenous Directed Technical Change (with Leon Huetsch and Dirk Krueger)

Stage-Based Identification of Policy Effects (with Christian Alemán, Christopher Busch and Raül Santaeulàlia-Llopis). Appendix.

Climate Change Mitigation: How Effective is Green Quantitative Easing? (with Raphael Abiry, Marien Ferdinandusse and Carolin Nerlich), 2022, CEPR DP17324 

Who Saves More, the Naïve or the Sophisticated Agent (with Max Groneck and Alex Zimper), 2021, Revise and resubmit: Journal of Economic Theory. Earlier version: CEPR DP16412.

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

Finance and Inequality: A Tale of Two Tails (with Ctirad Slavik, Alexander Monge-Naranjo, Faisal Sohail), 2019, Working Paper 2020-044A,

Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results (with Raphael Abiry and Christian Geppert), 2016. SAFE Working Paper No. 145

Work in Progress

Heterogeneity in Expectations and the Level of House Prices (with Jochen Mankart, Jorge Quintana and Mirko Wiederholt).

Demographic Change and Optimal Insurance Mix of Life-Cycle Risk (with Peter Haan, Osman Küçüksen and Matthias Schön).

On the Optimal Interplay of Early and Late Education Subsidies and Taxation (with Dirk Krueger and Irina Popova).

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

A New Utility Function for Macroeconomists.