*Update*: "Wage Setting in Times of High and Low Inflation"
Core empirical finding: when inflation is high, German firms and unions reset wages more often and by larger amounts.
Joint work with @GoedlHanischIsa & Simon Velten;
Link: https://t.co/sGpKmYXMOS
📢 Call for Papers!
Join us in Munich for the 15th ifo Conference on Macroeconomics & Survey Data 🗓️ Oct 17–18, 2025.
Keynotes: Olivier Coibion & @LeinSarahMarit
Hosted by @ifo_Institut – see you this fall!
🔗 https://t.co/8966p1wj49
#Macro#SurveyData
📢 I am on the academic job market
🌐 https://t.co/wGj8LNIemV
In my JMP, I study firms’ beliefs about macroeconomic tail risk and their role in investment decisions.
JMP thread below👇
My paper with @GoedlHanischIsa is now out as @cepr_org discussion paper.
We use firm-level survey data from @ifo_Institut as well as collective bargaining data from Germany to show that wages are reset more frequently and by larger increments during times of high inflation …
. @ManuelMenkhoff finds that firms adjust prices slowly after cost increases to avoid diverging from competitors. This is amplified when the cost increase is expected to be temporary. The sluggish pass-through implies a persistent impact of monetary policy https://t.co/KsXmjRjx2b
I'm very excited to be selected as a finalist for the ECB Young Economist Prize!
Looking forward to the #ECBForum, where I'll present my joint work with @GoedlHanischIsa.
Check out the new version of our WP: "Firms' Pass-Through Dynamics: A Survey Approach" (w/ @ManuelMenkhoff)
📊We use a new survey approach to empirically characterize pass-through dynamics ➕explore them in a price-setting model.
For more: https://t.co/FggJYjq21h via @cepr_org
How much do firms pass through cost hikes to customers? Using a novel survey approach, @GoedlHanischIsa and coauthors document that firms directly elicit pass-through at the firm level to study heterogeneity & nominal + real rigidities x nature of shock. Discussant: @CJenGo88