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“Information Frictions, Monetary Policy, and the Paradox of Price Flexibility”
Shengliang Ou, Donghai Zhang and Renbin Zhang, March 2021. 


“Long-Run Inequality in Communist Countries: Before, During and After”

Filip Novokmet, February 2021.


“Why hasn’t Social Security changed since 1977?”, 

Pavel Brendler, April 2020.


“Political movement and trust formation: Evidence from the Cultural Revolution”, 

Lingwei Wu and Liang Bai, February 2020. 


“Wealth and Income Inequality In America, 1949-2016”, 

Moritz KuhnMoritz Schularick and Ulrike I. Stein, December 2019. 


"The Costs of Economic Nationalism: Evidence from the Brexit Experiment",

B. Born, G. J. Müller, M. Schularick, October 2019.


"The Rate of Return on Everything: 1870-2015", 

Ò. Jordà, K. Knoll, D. Krushinov, M. Schularick and A. Taylor, August 2019



Working papers

“Capital Tax Reforms With Policy Uncertainty”

Pavel Brendler, Arpad Abraham and Eva Carceles, March 2021. 


“Rising Earnings Inequality And Optimal Social Security”

Pavel Brendler, March 2021. 


“A Structural Investigation of Quantitative Easing”

Gregor Boehl, Gavin Goy and Felix Strobel, February 2021.


“Term Structure, Forecast Revision and the Signaling Channel of Monetary Policy”, 

Donghai Zhang, February 2021.


“The Hockey Stick Phillips Curve and the Zero Lower Bound”, 

Gregor Boehl, February 2021. 


“Efficient Solution and Computation of Models with Occasionally Binding Constraints”, 

Gregor Boehl, January 2021. 


“Monetary policy and racial inequality”, 

Moritz Kuhn, Alina Bartscher, Moritz Schularick and Paul Wachtel, January 2021.


“Job stability, earnings dynamics, and life-cycle savings”, 

Moritz Kuhn and Gasper Ploj, November 2020.


“Assessing Macroeconomic Tail Risk,” 

Donghai Zhang, Francesca Loria and Christian Matthes, November 2020.


“Political conflict, social inequality and electoral cleavages in Central-Eastern Europe, 1990-2018”, 

Attila Lindner, Filip Novokmet, Thomas Piketty and Tomasz Zawisza, November 2020.


“Monetary Policy and Speculative Asset Markets”, 

Gregor Boehl, October 2020. 


“What hides behind the German labor market miracle? Unemployment insurance reforms and labor market dynamics”, 

Moritz Kuhn, Benjamin Hartung and Philip Jung, September 2020.


“Optimal Debt Maturity and Firm Investment”, 

Joachim Jungherr and Immo Schott, September 2020.


“The Short-Run Macro Implications of School and Child-Care Closures”,

Moritz Kuhn, Nicola Fuchs-Schündeln and Michèle Tertilt, June 2020.


"The Liquidity Channel of Fiscal Policy", 

Christian Bayer, Benjamin Born and Ralph Luetticke, June 2020.


“Global Land Inequality”, 

Luis Bauluz, Yajna Govind and Filip Novokmet, June 2020. 


“Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016”,

Moritz Kuhn, Alina Bartscher, Moritz Schularick and Ulrike I. Steins, April 2020. 


"The Coronavirus Stimulus Package: How large is the transfer multiplier?",

Christian Bayer, Benjamin Born, Ralph Luetticke, and G. Müller, April 2020.


“Slow Debt, Deep Recessions”, 

Joachim Jungherr and Immo Schott, March 2020.


“Political Conflict and Development Dynamics: Economic Legacies of the Cultural Revolution”, 

Lingwei Wu and Liang Bai, March 2020. 


“Solving heterogeneous agent models in discrete time with many Idiosyncratic states by perturbation methods”, 

Christian Bayer and Ralph Luetticke, January 2020. 


"Shocks, Frictions, and Inequality in US Business Cycles", 

Christian Bayer, Benjamin Born and Ralph Luetticke, January 2020. 


"Which Ladder to Climb? Wages of workers by job, plant, and education",

Christian Bayer and Moritz Kuhn, June 2019.

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