Research
Research
My interests are in macroeconomics, monetary economics, fiscal policy, and macro-finance, with a particular interest in how policy shocks shape expectations, asset prices, and household outcomes.
Current Project
Fiscal Policy and Household Inflation Expectations during Germany's Energy Crisis (Master's Thesis)
Abstract
This project studies how Germany's 2022-23 energy-crisis fiscal measures affected household inflation expectations using monthly BOP-HH panel data. I combine a detailed policy timeline with heterogeneity in heating source, housing status, and policy knowledge to ask whether support measures anchored expectations by lowering perceived cost pressure or instead raised inflation concerns. Empirically, I estimate an event study around the 29 September 2022 announcement of the 200 billion euro Abwehrschirm, comparing households more exposed to the gas and heat price brakes with oil-heated households while controlling for heating-source-specific fuel-price paths. I complement this with the Wave 37 randomized information experiment to test whether correcting misunderstanding of the price-brake incentives changes intended energy use, helping identify policy comprehension as a mechanism behind heterogeneous expectation responses.
Replication Project
Replication of Comunale & Nguyen (2025): MacroEconomic Uncertainty for the Euro Area
This project replicates the euro-area macroeconomic uncertainty measure in Comunale and Nguyen (2025). I assembled and cleaned a large monthly macro-financial panel for 19 euro-area countries and reproduced the main uncertainty series using factor extraction, forecast-error estimation, and stochastic-volatility methods in R.