Working Papers & Work in Progress

Working Papers

Shaping Inequality and Intergenerational Persistence of Poverty: Free College or Better Schools (with Dirk Krueger and Irina Popova), 2024, CEPR DP19051 

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 

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

On Sandwiches and Club-Sandwiches: Institutions, Longevity and Fertility (with Lidia Cruces, Nicola Fuchs-Schündeln and Teresa Schildmann).

Heterogeneity in Expectations and House Price Dynamics (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).

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

A New Utility Function for Macroeconomists.