(together with Tobias Knedlik and Axel Lindner), Intereconomics 53(6), 2018, 316-319. Abstract: The intention for the Italian government to stimulate business activity via large increases in government spending is not in line with the stabilisation of the public debt ratio. …

On the Risk of a Sovereign Debt Crisis in Italy Read more »

Macroeconomic Dynamics 24(6), 2020, 1315-1345 and IWH Discussion Paper 34/2017 (together with Andrej Drygalla and Konstantin Kiesel). Abstract: In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ …

The Effects of Fiscal Policy in an Estimated DSGE Model – The Case of the German Stimulus Packages During the Great Recession Read more »

(with Reint Gropp), IWH Online 8/2015, 1-14 Abstract: In a recent IWH online note, the IWH suggested that due to “flight to safety” effects, Germany was able to issue government debt at lower rates than otherwise would have been possible. …

Interest Benefits from the Debt Crisis to the German Budget Read more »