Job Market Candidates 2024/25
Ph.D. Program in Economics

Education

Ph.D., Economics, Goethe University Frankfurt, GSEFM
M.Sc., Economics, University of Bern, 2018
B.Sc., Economics,University of Bern, 2016

Fields of Specialization

Macroeconomics with focus on information frictions, heterogeneous agents, monetary policy

Teaching Experience

Goethe University Frankfurt
Summer 2022, 2023: Advanced Macroeconomics II.I (Ph.D. first year)
Winter 2021, 2022: Macroeconomics 2 (Bachelor)
Summer 2023: Macroeconomics 2 (Bachelor)
Summer 2022: Monetary Theory and Policy (Master)
Winter 2022: Business Cycle Theory and Policy (Bachelor)

Curriculum Vitae

Click here to download the CV.

References

Papers

Job Market Paper:

Heterogeneous Attention to Inflation and Monetary Policy

with Ekaterina Shabalina

Abstract:  We study how heterogeneous attention to inflation affects monetary policy transmission. Using household-level surveys for the US and Australia we first show that households’ attention to inflation varies with the income level. In particular, we find that high-income households pay more attention to inflation compared to other income groups. To quantify the effects for the aggregate economy, we build a heterogeneous agent New Keynesian model with permanent income inequality obtained through an endogenous occupational choice and where the level of attention varies along the permanent income distribution. We find that compared to fully rational inflation expectations, monetary policy faces a better inflation-output trade-off when expectations are anchored due to large indirect effects which manifest through a larger perceived fall in labor income after a monetary policy tightening. However, the better trade-off is achieved amid a larger decrease in welfare among low-earners.

Other Papers:

Inattentiveness and the Taylor Principle

with Alexander Meyer-Gohde

Revise and Resubmit, Journal of Economic Theory

Abstract: We present determinacy bounds on monetary policy in three models of inattentiveness - sticky information, imperfect common knowledge, and arbitrary finite inattentiveness. We find that these bounds are identical across these models as they all share a common vertical long run Phillips curve. The resulting bounds are more conservative than in the standard Calvo sticky price New Keynesian model. Specifically, the Taylor principle is now necessary directly - no amount of output targeting can substitute for the monetary authority’s concern for inflation. These determinacy bounds are obtained by appealing to frequency domain and forecasting/prediction innovation techniques that themselves provide novel interpretations of the Phillips curves.

Work in Progress:

Estimating Inattention in Models with Information Frictions