Research Interests

Dynamic General Equilibrium Theory
"Bubbly Markov Equilibria"
(with Martin Barbie), published in: Economic Theory, 2018, Volume 66, Issue 3, pages 627-679
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"Uniqueness of Markov Equilibrium in Stochastic OLG Models with Nonclassical Production"
published in: Economics Letters, 2014, Volume 123, Issue 2, Pages 171–176
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"Existence of Bubbly Equilibria in Overlapping Generations Models with Stochastic Production"
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Macroeconomic Models of Climate Change
"Optimal Climate Policies in a Dynamic Multi-Country Equilibrium Model"
(with Elmar Hillebrand), published in:Journal of Economic Theory, 2019, Volume 179 (1), Pages 200-239
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>>Download final version<<    (updated November 2018)
>>Download simulation data<<
A previous version was discussed on Chris Zimmermann's NEP-DGE blog
"Who Pays the Bill? Climate Damages, Taxes, and Optimal Transfers in a Multi-Region Growth Model"
(with Elmar Hillebrand)
>>Download paper<<    (updated June 2018)
>>Download simulation data<<

Financial Markets and the Macroeconomy
"Bubbles and Crowding-in of Capital via a Savings Glut"
(with Tomoo Kikuchi and Masaya Sakuragawa), published in: Macroeconomic Dynamics, 2018, Vol.22, Pages 1238-1266 >>Access online<<
"A Mechanism for Booms and Busts in Housing Prices"
(with Tomoo Kikuchi), published in: Journal of Economic Dynamics and Control, 2015, Vol.51, Pages 204–217
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"Governmental Debt, Sustainability, and Optimality"
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The Impact of Multiperiod Planning Horizons on Portfolios and Asset Prices in a Dynamic CAPM
(with Jan Wenzelburger), published in: Journal of Mathematical Economics, 2006, Volume 42, Pages 565-593
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"On the Dynamics of Asset Prices and Portfolios in a Multiperiod CAPM
(with Jan Wenzelburger), published in: Chaos, Solitons & Fractals, 2006, Volume 29, Issue 3, Pages 578-594
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Multiperiod Consumption and Investment Decisions Revisited
(with Jan Wenzelburger)
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Social Security and Demographic Change
On the Optimal Size of Social Security in the Presence of a Stock Market
published in: Journal of Mathematical Economics, 2012, Volume 48, Pages 26-38
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Elsevier Top 25 Hottest Articles: >>01-03/2012 (Rank 8)<< >>04-06/2012 (Rank 20)<<
On the Role of Labor Supply for the Optimal Size of Social Security
published in: Journal of Economic Dynamics and Control, 2011, Volume 35, Pages 1091-1105
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On the Inefficiency of Pay-As-You-Go Pension Systems in Stochastic Economies with Assets
(with Volker Böhm)
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The Role of Pension Systems and Demographic Change for Asset Prices and Capital Formation
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"Pension Systems, Demographic Change, and the Stock Market
Lecture Notes in Economics and Mathematical Systems, Volume 610, Springer Verlag, 2008, Berlin a.o.
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 A review that appeared in Canadian Studies in Population can be found
>>here<<

Further Publications
Book review of "Economic dynamics in discrete time" by Jianjun Miao, in: zbMATH, August 2017
>>View online<<
“Erwartungen und Plannungshorizont bestimmen Portefeuilles“, Artikel in der Börsen-Zeitung, Rubrik „Aus der Kapitalmarktforschung“, 07.06.2005
>>Download<<

Refereeing
Journal of Economic Dynamics and Control, Journal of Economic Growth, Journal of Mathematical Economics, Macroeconomic Dynamics, Economic Modelling, Journal of Economics, Journal of Economics and Statistics

 

 

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