We do research on macroeconomic issues, with a particular interest in consumption, financial markets and labor markets. For this purpose we use and develop quantitative methods to answer policy-relevant macroeconomic questions such as:
- How does household indebtedness matter for macroeconomic fluctuations? Is there a socially efficient level of household debt?
- What is the socially optimal amount of redistribution given that households invest into human capital? How does redistribution affect the intergenerational transmission of human capital?