I was a research associate at the chair of macroeconomics at the University of Heidelberg. I work on the interaction between the real economy and financial markets. In particular I am interested how beliefs affect financial markets and the real economy, both empirically and theoretically.
In my thesis at the University of Essex I studied the implications of heterogeneous beliefs for monetary economics and which whether nominal or indexed bonds provide better insurance against inflation.
As a research associate in Heidelberg I studied how transaction costs affect speculative trading on financial markets and why financial liberalization may not always reduce consumption volatility. In recent projects I explored the role of expectations in determining volatility on real estate markets as well as the importance of uncertainty about economic policy for financial markets.