Latest

Working Paper: Economic Growth and Climate Change: Many Trajectories, Many Destinations, CESifo Working Paper No. 11053, April 2024 (with Timo Trimborn)

Publication:  Das House Kapital: A Long-Run Theory of House Prices and Housing Wealth  (with Volker Grossmann & Benjamin Larin)  //  conditionally accepted at the Journal of the European Economic Association
former versions: Das House Kapital: A Long Term Housing & Macro Model, IMF Working Paper No. 17/80 | CESifo WP No. 5844 | Summary on VoxEU

Relaxation: Check out the relaxation algorithm, a powerful technique to numerically solve a large class of economic growth models.

Selected Publications

Distributional Consequences of Surging Housing Rents, Journal of Economic Theory, 2021, Vol. 196.  (with Volker Grossmann, Benjamin Larin & Hans Torben Loefflad)  Working Paper

Reversal of Migration Flows: A Fresh Look at the German Reunification, Journal of International Economics, 2017, Vol. 109, 1-15. (with Benjamin Fuchs, Volker Grossmann & Andreas Schäfer)  Working Paper

No Price Like Home: Global House Prices, 1870–2012, American Economic Review, 2017, Vol. 105 (2), 331-353.  (with Katharina Knoll & Moritz Schularick)  Working Paper
Summary on VoxEU

Does Expansion of Higher Education Lead to Trickle-Down Growth?, Journal of Public Economics, 2015, Vol. 132, 79–94.  (with Sebastian Böhm & Volker Grossmann)  Working Paper

Financial Integration, Investment, and Economic Growth: Evidence From Two Eras of Financial Globalization, Review of Economics and Statistics, 2010, Vol. 92, No. 4, 756-768.  (with Moritz Schularick)

Anti-Competitive Conduct, In-House R&D, and Growth, European Economic Review, 2008, Vol. 52, No. 6, 987-1008.  (with Volker Grossmann)

Economic Growth with Subsistence Consumption, Journal of Development Economics, 2000, Vol. 62, No. 2, 343-361.