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 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, Revise and resubmit: IMF Economic Review; CEPR DP16663

Higher-Order Income Risk over the Business Cycle (with Christopher Busch), Supplementary Appendix,  2020, Revise and resubmit: International Economic 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

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 Dirk Krueger), 2022, work in progress.

Climate Change Mitigation: How Effective is Green Quantitative Easing? (with Raphael Abiry, Marien Ferdinandusse and Carolin Nerlich), work in progress.

A Stage-Based Identification of Policy Effects (with Christian Alemán, Christopher Busch and Raül Santaeulàlia-Llopis), work in progress

Assortative Mating 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.

Demographic Change and Optimal Insurance Mix of Life-Cycle Risk (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, Kazushige Matsuda and Hitoshi Tsujiyama), work in progress.

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