Biography

Welcome! I am an Associate Professor in Economics at Corvinus University since September 2024. I am also affiliated with the Halle Institute for Economic Research (IWH) as a research professor.

Previously, I have been working as an Assistant Professor for Quantitative Macroeconomics at Leipzig University and as head of the research group “Volatility, Growth and Financial Crises” at the Halle Institute for Economic Research (IWH). For shorter periods of time, I was also an interim professor for Applied Macroeconomics at the University of Rostock, a guest researcher at the Deutsche Bundesbank and a lecturer at the Martin Luther University Halle-Wittenberg.

My research interest lie on macroeconomic consequences of financial crises. My research spans three broader topics. First, my work concerns the empirical interaction between financial markets and macroeconomic outcomes. In particular, I investigate the importance of credit demand and supply fluctuations for aggregate fluctuations, and the role of sovereign debt limitations (in the form of sovereign ratings or sovereign bond demand) on fiscal policy and macroeconomic outcomes. The second strand of my research concerns the implementation of models to produce timely warnings of impending crises. The third strand focuses on the combination of macroeconomic and microeconomic datasets for structural macroeconomic analysis.

Interests

  • Empirical Macroeconomics
  • Macroeconometrics
  • Business Cycle Fluctuations
  • Crédit Markets
  • Financial Crises
  • Monetary Polcy
  • Open Economy Macroeconomics

Education

  • Ph.D. Economics, 2013

    University of Halle-Wittenberg

  • Diploma, Mathematics, 2010

    Technical University of Munich

Ongoing work

Publications

(2022). Why they keep missing: An empirical investigation of sovereign bond ratings and their timing. Scottish Journal of Political Economy, 69(2), 186-224; Adam Smith Price for the Best Paper of the Year.

DOI Accepted version IWH DP 1/2017 Code and Data github

(2021). Fiscal policy and fiscal fragility: Empirical evidence from the OECD. Journal of International Money and Finance, 115, 102292.

DOI Most recent version IWH DP 13/2019 CFDS DP 5/2019

(2020). Monetary policy through exchange rate pegs: The removal of the Swiss franc-Euro floor and stock price reactions. International Review of Finance, 21(4), 1382-1406.

DOI Most recent version IWH DP 9/2018

(2019). Does machine learning help us predict banking crises?. Journal of Financial Stability, 45, 100693.

DOI Most recent version IWH DP 2/2019 Bundesbank DP 48/2018 Code github

(2019). On the empirics of reserve requirements and economic growth. Journal of Macroeconomics, 60, 253-274.

DOI Most recent version IWH DP 8/2018

(2016). Qual VAR Revisited: Good Forecast, Bad Story. Journal of Applied Economics, 19(2), 293-321.

DOI IWH DP 12/2012 Code and Data github

(2016). Real Effective Exchange Rate Misalignment in the Euro Area: A Counterfactual Analysis. Review of International Economics, 24(1), 37-66.

DOI IWH DP 6/2014 Code github

(2016). The Diablo 3 Economy: An Agent Based Approach. Computational Economics, 47, 193-217.

DOI

(2015). Risk and Return - Is there an Unholy Cycle of Ratings and Yields?. Economics Letters, 129, 49-51.

DOI Most recent version

(2013). Predicting financial crises: The (statistical) significance of the signals approach. Journal of International Money and Finance, 35 (2013), 76-103.

DOI IWH DP 3/2012

(2012). Macroeconomic Imbalances as Indicators for Debt Crises in Europe. Journal of Common Market Studies, 50(5), 726-745.

DOI IWH DP 12/2011

Working Papers

Teaching

Leipzig University

  • Growth and Development: Empirics (Master). Course taught in Fall 2019, 2021, 2023.

  • Advanced Business Cycles (Master). Course taught in Fall 2017 and 2018.

  • Macroeconomics (Bachelor). Course taught in Fall 2020.

  • Regular seminars on business cycle dynamics and financial stability (Bachelor).

University of Rostock

  • Advanced Macroeconomics (Master). Course taught in Fall 2022.

  • Labor Economics (Master). Course taught in Fall 2022.

  • Quantitative Macroeconomics (Master). Course taught in Spring 2023.

  • Macroeconomics (Bachelor). Course taught in Spring 2023.

  • Applied Macroeconomics (Bachelor). Course taught in Fall 2022.

  • Analysis and Forecasting of Macroeconomic Time Series (BA). Course taught in Spring 2023.

  • Seminars on business cycle dynamics and financial stability (Bachelor and Master).

Martin Luther University of Halle-Wittenberg

  • Advanced Macroeconomic Theory (Master). Course taught in Spring 2012 (teaching assistant) and 2016.

  • Regular seminars on business cycle dynamics and financial stability (Bachelor).