I am an economist who is mostly interested in macroeconomics and financial markets. My work centers around two themes:
- The role of expectations for economic decisions
- The interaction between financial markets and the real economy
Most economic decisions are forward-looking, e.g. price-setting by firms or investing in the stock market. Hence, expectations how the future will evolve are important for such decisions. And despite being challenged by behavioral economist, rational expectations has been the dominant paradigm in macroeconomic research. In my work I try to understand what happens to economic decisions and aggregate outcomes when the rational expectations assumption is relaxed.
Macroeconomic and financial research used to be two separate fields in economics with little overlap in methodology and research questions. The Great Financial Crisis of 2007-2009, however, has changed this and macroeconomists now study how financial markets affect macroeconomic outcome. At the same time finance researchers have turned their attention to how macroeconomic conditions affect financial markets. In this area I study how macroeconomic conditions affect financial markets when market conditions are less than perfect, e.g. because of incomplete markets.
When I’m not doing research I enjoy sports, reading a good book or watching movies.