1. Refereed Journal // 2023

    Short and Long-Run Distributional Impacts of COVID-19 in Latin America

    We simulate the short- and long-term distributional consequences of COVID-19 in the four largest Latin American economies: Argentina, Brazil, Colombia and Mexico. We show that the short-term impact on income…

  2. Refereed Journal // 2022

    Innovation, competition, and incomplete adoption of a superior technology

    This article shows that competition exerts a feedback effect on market structure via the process of innovation. First, downstream competition increases the willingness to pay for a more efficient technology (the…

  3. Refereed Journal // 2022

    Measuring the effects of COVID-19-related night curfews: Empirical evidence from Germany

    We estimate the impact of local night curfews in Hesse, the fifth most populous federal state in Germany, on the growth of incidences of COVID-19 cases residing within the “second wave” of the pandemic. Thereby,…

  4. Refereed Journal // 2022

    Would households understand average inflation targeting?

    Yes, they would. In a randomized control trial, we provide groups of respondents from the Bundesbank Online Panel Households with information about a hypothetical alternative ECB monetary policy regime akin to…

  5. Refereed Journal // 2022

    The role of information and experience for households’ inflation expectations

    Based on a new survey of German households, we investigate the role that information channels and lifetime experience play in households’ inflation expectations. We show that the types of information channels…

  6. Refereed Journal // 2022

    Uncertainty measures from partially rounded probabilistic forecast surveys

    Although survey‐based point predictions have been found to outperform successful forecasting models, corresponding variance forecasts are frequently diagnosed as heavily distorted. Professional forecasters who…

  7. Refereed Journal // 2022

    Understanding the Unwritten Rules of the Game: Government Work Experience and Salary Premiums in Foreign MNC Subsidiaries

    Understanding government institutions in a host country is crucial for MNC subsidiaries. This is challenging, as host-country institutions not only relate to formal institutions, such as laws and regulations,…