I am a PhD Candidate in Economics at the University of Mannheim. I will be on the job market this fall and available for interviews at the European Job Market in Rotterdam and the ASSA meetings in San Diego.
Fields: Macroeconomics with heterogenous agents, housing and financial markets, Macro-Finance, Household finance
Topics: Housing and mortgage markets, income inequality, financial stability, financial crises
Technical: Numerical methods, quantitative modelling, free open source software (mostly in Julia and R, see my minor contributions to Julia packages)
2019: Mannheim-Frankfurt Macro Workshop (March) · Stockholm University (May) · Nordic Macro Symposium in Smögen (August*, Discussant) · Econometric Society European Meeting in Manchester (August*) · New Approaches for Understanding Business Cycles (CEPR Conference* in Mannheim, August, Poster)
2018: Financial Markets and Macroeconomic Performance (CEPR Conference in Frankfurt, May, Poster) · SED Annual Meeting in Mexico City (June**) · CEPR European Summer Symposium in Financial Markets in Gerzensee (July, evening sessions) · Econometric Society European Meeting in Cologne (August) · Annual Meeting of the German Economic Association (VfS) in Freiburg (September**) · Winter Meeting of the Austrian Economic Association in Vienna (December)
(*) scheduled (**) my JMP presented by my co-author Moritz
Falling Behind: Has Rising Inequality Fueled the American Debt Boom 1980–2007? – Job market paper (joint with Moritz Drechsel-Grau)
Abstract: The household debt boom since 1980 is considered one of the main drivers of the Great Recession of 2007–9. In lockstep with household debt, income inequality has risen to new extremes. We build a model that links rising inequality to the mortgage debt boom. It builds on the old idea that people care about their social rank. When the middle class is falling behind ever richer rich, they take out credit in an attempt to keep up. Our mechanism is consistent with the following stylized facts: (i) Real mortgage debt, (ii) debt-service-to-income ratios and (iii) house sizes (in sqft) have increased since the 1980 across all income quintiles. This happened despite (iv) stagnating real incomes for the bottom 50% since the 1980s.
We build a tractable dynamic network model with housing to illustrate how our mechanism generates these facts. We extend it to a quantitative model with heterogenous income profiles to show that the partial equilibrium results go through in general equilibrium. As a by-product, our quantitative model generates falling interest rates and a house price boom.
Draft is coming soon.
Presented at CEPR Frankfurt · SED Mexico · ESSFM Gerzensee · ESEM Cologne · VfS Freiburg · NOeG Winter Meeting Vienna · Frankfurt-Mannheim Macro · Stockholm University · CEPR Mannheim · (details above)
Understanding Housing Wealth Effects: Debt, Homeownership and the Lifecycle (joint with Frederick Zadow)
Presented at ESEM Manchester (details above)
University of Mannheim
Department of Economics
L7 3-5, Room 204