Research Interests

Primary: International Finance and International Macroeconomics, Political Economy
Secondary: Financial Economics, Economic History, Law and Economics, Development, International Migration

Current Positions and Affiliations

since 2017 - Kiel Institute for the World Economy, Director of Research Area "International Finance and Macroeconomics"
since 2017 - Professor at the Department of Economics, Kiel University
since 2019 - Academic Advisory Board, German Ministry of Finance, Member
since 2015 - CEPR Research Affiliate
since 2011 - CESifo Research Fellow (Affiliate until 2019)


2011 - Ph.D. in Economics, Free University Berlin (Dr. rer. pol.). Advisors: Helge Berger and Henrik Enderlein
Thesis on "Sovereign Default and Crisis Resolution" - Awarded the Ernst-Reuter dissertation prize of Free University Berlin

2009 - 2010 - Yale University - Visiting Ph.D. student (Fox Fellow)
2005 - 2006 - Kiel Institute (IfW) - Advanced Studies Program
2005 - Free University Berlin - Master (Diplom) in Economics

Research Visits

2016 (February-April): Berkeley University, Visiting Researcher (Department of Econonomics)
2014 (Jan. & Oct.), Harvard University (Kennedy School)
2013 (Sept.), Federal Reserve Bank of Chicago, Visiting Researcher (Research Department)
2013 (May), International Monetary Fund, Visiting Scholar (Research Department)
2013 (April), Columbia University, Visiting Researcher (SIPA)
2010 (Nov.-Dec.), International Monetary Fund, Visiting Scholar (MCM)

Previous Experience

2011 - 2017 Assistant Professor, Department of Economics, University of Munich
2013 - 2014 Expert Member of the UNCTAD Working Group on a Debt Workout Mechanism for Sovereigns
2006 - 2011 Free University Berlin / Hertie School of Governance, Research Associate in Economics
2009 (Sept.-Oct), World Bank, Consultancy/Research Project on Migration (with Toman Omar-Mahmoud)
2008 (June-Sept.), International Monetary Fund, Research Internship
2006 - 2009 Berlin Economics and the German Advisory Group on Economic Reform, part-time consultant for projects on capital market development in Ukraine (Ministries, Central Bank) and Russia (State Duma)

Honors, Awards and Fellowships

  • Named "Top 40 under 40" in science and society by the magazine Capital, 2017

  • KfW Development Bank Prize for Scientific Excellence for the paper “The Effect of Labor Migration on the Diffusion of Democracy”, 2017 (with Toman Barsbai, Hillel Rapoport and Andreas Steinmayr)

  • Washington Post Albert Hirschman Award, for best writing on political economy 2016

  • Postbank Finance Award 2013 (student project under my supervision), 3rd place (15,000 Euro)

  • Grant by the Junior Researcher Fund of the Univerity of Munich, project on "Sovereign Default and Debt Relief, 1860-2012" (89,650 Euro)

  • Postbank Finance Award 2013 (3rd place, 15,000 Euro), won by a student group under my supervision

  • Ernst Reuter Prize 2011 - Price for outstanding dissertation at Free University Berlin

  • Yale University, Fox International Fellowship, Full Scholarship and Tuition Waiver, 2009 – 2010

  • BMW Foundation (Herbert Quandt), Selected as Young European Leader, 2009

  • Kiel Institute for the World Economy, Full Tuition Waiver, 2005 – 2006

Conference and Seminar Organization

Kiel Institute Summer School on “Big Data in Macroeconomics and Finance”, June 2018, Co-Organizer (with Olivier Godart)
DFG-SPP Conference on “Great Slumps, Policy Responses, and Populism”, May 2017, Co-Organizer (with Kriwoluzky and Schularick)
CESifo Conference on "Rethinking Sovereign Debt", July 2015, Co-Organizer
ASSA/AEA Session on "New Challenges in Sovereign Debt Restructuring", Jan. 2014, Organizer
European Central Bank, Sovereign Debt Workshop, June 2012, Co-Organizer, [Programme]
Berlin Conference on Sovereign Debt and Default, Hertie School, Dec. 2010, Co-Organizer, [Programme]
Kiel Institute Policy Lunch at the Hertie School of Governance, 2010-2011, Co-Organizer


2021: LSE, Duke, Pompeu Fabra/CREI, Fed Minneapolis, University of Bayreuth, GATE Lyon, University of Trier, University of Mainz, IMF, ZEW, European Association for Banking and Financial History

2020: Stanford OIFM, Bundesbank, World Bank, IMF, Fed Board, Wisconsin-Maddison, Cologne

2019: University of Zurich, HSU Hamburg, German Ministry of Finance
2018: Harvard University (joint Macro & International Seminar), University of Geneva
2017: Humboldt University, Enaudi Institute, University of Cologne, LUISS Rome, Hamburg University
2016: UC Berkeley, University of Oxford, ESM Luxemburg, IMF, University of Frankfurt
2015: University of Freiburg. German Council of Economic Advisors, University of Dresden
2014: ECB, Bank of Italy, Goethe University Frankfurt, University of Zurich, University of Heidelberg, University of Regensburg
2013: IMF, Columbia University, Bonn University, Bank of Spain, Santa Clara University, Fed Chicago, Fed San Francisco
2012: ECB, Bank of Portugal, Humboldt University, Giessen University, Darmstadt University
2011: Central Bank of Ireland, Central Bank of Austria
2010: Yale University, College of William and Mary, Tufts University
2009: Universidad Torcuato Di Tella, Mannheim University
2008: International Monetary Fund, Bank of Spain, Center for Global Development

Conference Presentations

2021: ASSA/AEA Meetings, CEPR ESSIM, Oslo Macro Conference (Keynote), Bonn/Cologne ECONTribute History Conference, DebtCon

2020: NBER Summer Institute (IFM), Chicago MacroFinance Conference, Banque de France conference, Fed Richmond conference
2019: IMF Annual Research Conference, Washington D.C.
2018: ASSA Philadelphia, NBER Summer Institute (IFM), LSE Systemic Risk Conference, CESifo Populism Conference, VfS Committee Macro, VfS Committee Development
2017: IMF Annual Research Conference, Washington D.C., NBER ISOM meetings, Bretton Woods Conference on G20 in Hamburg, DebtCon2 Conference, Geneva, SPP Conference Mannheim
2016: University of Chicago Conference on Econ. Uncertainty, D.C., Conference on Lending Institutions at Cambridge University, Conference on Sovereign Debt, Glasgow University
2015: University of Zurich – Conference on Sovereign Debt; Conference on “The Post-Crisis Slump”, Brussels; Conference on Financial Market Imperfections, Univ. of Frankfurt, IDB/UN Conference on “Sovereign Debt””, Washington DC, German Econ. Association, Münster
2014: ASSA/AEA Meetings Philadelphia. CEPR ESSET (Gerzensee)
2013: NBER Summer Institute (IFM group), NBER Conference on Sovereign Debt and Financial Crisis (discussant)
2012: NBER Summer Institute (IFM group), Swedish Riksbank Annual Conference, ECB Sovereign Debt Workshop, CEPR Debt Conference, Banque de France (discussant), CESIfo Macro and International Finance Conference, Sovereign Debt Conference at the Graduate Institute Geneva
2011: Royal Economic Society Conference, London, CEPR Financial Crisis Conference, Paris, Debt Crisis Conference at Reykjavik University
2010: IPES Conference, Harvard, Boston, IZA Workshop on Legal and Illicit Immigration, Bonn, Berlin Workshop on Sovereign Debt & Default
2008: Workshop on Sovereign Debt and Default at University of Warwick, LACEA Annual Conference, Rio de Janeiro, APSA Conference, Boston, IZA/World Bank Conference on Employment and Development, Rabat, PEIF Conference, Los Angeles.
2007: ECPR General Conference in Pisa, EEA Meeting in Budapest, ESPE Conference, Chicago


American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, AEJ Macro, AER: Insights, American Political Science Review, Canadian Journal of Economics, CESifo Economic Studies, Economic Policy, Economic Journal, Economics of Transition, European Economic Review, European Review of Economic History, European Journal of Political Economy, International Economic Review, International Organization, International Finance, Journal of Development Economics, Journal of Finance, Journal of Monetary Economics, Journal of Money Credit and Banking, Journal of International Economics, Journal of International Money and Finance, Journal of the European Economic Association (JEEA), Journal of Politics, Oxford Economic Papers, Kredit & Kapital, Public Choice, Quantitative Economics, Review of Financial Studies, RESTAT, Scandinavian Journal of Economics, Scientific Data (Nature)

Other: National Science Foundation (USA), Swiss Science Foundation, German Science Foundation (DFG), EEA Programme Committee 2016, Columbia University Press, Princeton University Press, VfS Jahrestagung Committee 2016 (“Gutachter”) and 2019 (“Hauptgutachter”)