Welcome to my website. I am an economist based at the Luxembourg Institute of Socio-Economic Research (LISER) and a consultant to the European Central Bank.
My research focuses on economic measurement and macro-economic implications. I am particularly interested in the distributional and spatial dimension of economic phenomena. Eventually, my research aims to provide people with accurately measured, meaningful and comprehensive numbers to facilitate public discourse and evidence-based policy-making.
I have worked on measurement issues related to real estate economics, the dynamics in housing prices and rents, the CPI, as well as the distribution of wealth and Distributional National Accounts. Currently, I am interested in measuring (housing) wealth and its distribution, peoples’ knowledge about and perception of their own wealth, differences and potentials of macro-economic indicators based on objective and subjective data, and the improvement of econometric techniques to construct contemporary and historic housing price and cost-of-living indices. I am also exploring new, alternative data sources for economic measurement purposes.
- “Estimating Quantile-Specific Rental Yields for Residential Housing in Sydney”, Regional Science and Urban Economics 68, 2018, 204 – 225.
- Presentations: [OeNB, Vienna, October 2016] [Lincoln Institute of Land Policy, Cambridge (MA), May 2016]
- “Variation across price segments and locations: A comprehensive quantile regression analysis of the Sydney housing market”, forthcoming in Real Estate Economics, doi: 10.1111/1540-6229.12177.
- Presentations: [LISER, Luxembourg, January 2017] [ARUEA-ASSA meeting in Chicago, January 2017] [Regional Studies Association Annual Conference, U Graz, April 2016] [ISW Workshop on Empirical Economics, WIFO, Vienna, January 2016] [SEM conference at OECD, July 2015] [Workshop on Improvements in Price Index Methodology and Practice: The International Comparisons Program (ICP) and the Measurement of Movements in House Prices, U Graz, December 2014]
- “A hedonic house price index in continuous time”, International Journal of Housing Markets and Analysis 9(4), 2016, 648 – 670.
- Presentations: [Austrian Economic Association conference at U Klagenfurt, June 2015] [SEM conference at U Chicago Booth, August 2014]
- Owner Occupied Housing in the CPI and Its Impact On Monetary Policy During Housing Booms and Busts (with Robert J. Hill and Miriam Steurer)
- Working Paper: [LISER Working Paper]
- Presentations: [ESCoE Conference on Economic Measurement, Bank of England, May 2018] [STATEC, Luxembourg, April 2018] [NBER Conference on International Comparisons of Income, Prices and Production, MIT, Cambridge (MA), May 2016] [OeNB, Vienna, June 2016] [Oxford U, February 2017] [Institute of Fiscal Studies, London, May 2017] [GGDC 25th Anniversary Conference, Groningen, June 2017] [SEM conference at MIT, Cambridge (MA), July 2017]
- Media Coverage: Die Presse (AT), Central Banking (UK), D’Lëtzeburger Land (LU), Lëtzebuerger Journal (LU)
- Missing the wealthy in the HFCS: Micro problems with macro implications (with Robin Chakraborty)
- Working Paper: [ECB Working Paper]
- Presentations: [“The legacy of Tony Atkinson in inequality analysis”, LIS, Luxembourg, May 2018] [OeNB, March 2018] [Vienna University of Economics and Business, March 2018] [WID.world conference, Paris School of Economics, December 2017] [ECB HFCN User workshop, Frankfurt, November 2017] [U Graz, September 2017] [Deutsche Bundesbank, Frankfurt, August 2017] [5th Luxembourg Workshop on Household Finance and Consumption, Banque Centrale du Luxembourg, June 2017] [Expert Group on Linking Macro and Micro Statistics for the Household Sector, ECB, Frankfurt, June 2017]
- Housing Rent Dynamics, Rent Regulation and Consumer Prices in St.
Petersburg (1880–1917) (with Konstantin Kholodilin and Leonid E. Limonov)
- Presentations: [LISER, May 2018] [XVIII World Economic History Congress, MIT, Cambridge, USA, August 2018]
- A Hybrid Approach toward Distributional National Accounts for Wealth in Europe with a Special Focus on Housing Wealth
- Presentations: [DIW Berlin, July 2018] [35th General Conference of the International Association for Research in Income and Wealth (IARIW), Copenhagen, August 2018]
- Tracking Owners’ Sentiments: Subjective Macroeconomic Indicators for Owner-Occupied Housing in Europe
- Are People Aware of their Wealth? Reliability of and Consequences from Using Self-Assessed House Prices and Hypothetical Rents Based on Joint Evidence from Survey and Experimental Data (with Francesco Fallucchi and Michael Ziegelmeyer)
- Global Comparisons of Housing Boom-Bust-Cycles Using Micro Data on Prices and Rents (with Robert J. Hill, Ronan Lyons, Daniel P. McMillen, and Chihiro Shimizu)
Selected Blog Posts
- Why you should never trust a house price index (only) (Lindau Nobel Blog, 24/Aug/2017)
- Short-Selling in Immobilienmärkten: Fluch oder Segen? (Graz Economics Blog, 14/Feb/2016)
- Stammtischmythen im Faktencheck: Sind öffentliche Schulden wählbar? (Graz Economics Blog, 3/Jan/2016)
- The best age to get married if you don’t want to get divorced in Austria (Graz Economics Blog, 18/Jul/2015)
- Online payments risk personal privacy (SCOPE, an Alpbach Media Academy publication, September 2018)
- Forum Alpbach: Datenökonomie macht Menschen selbst zur Ware (Der Standard, 28/August/2018, Austria)
- Forum Alpbach – Datenökonomie macht Menschen selbst zur Ware (trend, 28/August/2018, Austria)
- Hauspreise ließen Teuerung wohl höher ausfallen (Die Presse, 26/March/2018, Austria)
- Solving the owner-occupied housing puzzle (Central Banking, 27/Feb/2018, UK)
- Mehr Inflation (D’Lëtzeburger Land, 16/Feb/2018, Luxembourg)
- Immobilienpreise in der Inflationsrate abbilden (Lëtzebuerger Journal, 7/Feb/2018, Luxembourg)
- So wollen Top-Ökonomen die Welt verbessern (Die Welt, 23/Aug/2017, Germany)
- 96.000 Euro für Grazer Jungforscher (Der Standard, 19/Nov/2014, Austria)
- Mit vielen Zahlen zum Erfolg in Teheran (Kleine Zeitung, 2/Aug/2010, Austria)
- Dissertation: Modelling housing markets: Issues in economic measurement
- Master’s thesis: Standardfehler in Negativ Binomialmodellen mit zufälligen Effekten (Standard Errors in Negative Binomial Models with Random Effects)
- Bachelor’s thesis: Modellierung eines Erdwärmesystems zur Bestimmung des geeigneten Abstandes zwischen Erdkollektoren (Modeling a Heat Pump System to Determine the Appropriate Separation between Collectors in the Earth)