Professor Dr. Mathias Trabandt

Professor Dr. Mathias Trabandt
Aktuelle Position

seit 4/17

Research Fellow der Abteilung Makroökonomik

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

seit 8/15

Professor für Makroökonomie

Freie Universität Berlin

Forschungsschwerpunkte

  • angewandte Ökonometrie
  • Arbeitsmarktökonomik
  • internationale Makroökonomik

Mathias Trabandt ist seit April 2017 Research Fellow am IWH. Seine Forschungsschwerpunkte umfassen Makroökonomie, Monetäre Ökonomie, Finanzwissenschaft, Arbeitsmarkttheorie, Internationale Makroökonomik, Friktionen im Finanzmarkt und angewandte Ökonometrie.

Mathias Trabandt ist seit August 2015 Professor für Makroökonomie im Fachbereich Wirtschaftswissenschaften an der Freien Universität Berlin. Zuvor war er Leiter der “Global Modeling Studies Section” der International Finance Division des Federal Reserve Board of Governors in Washington D.C. Frühere Stationen seiner beruflichen Laufbahn waren die Europäische Zentralbank und die Deutsche Bundesbank in Frankfurt sowie die Sveriges Riksbank in Stockholm. Er promovierte an der Humboldt-Universität zu Berlin.

Ihr Kontakt

Professor Dr. Mathias Trabandt
Professor Dr. Mathias Trabandt
Mitglied - Abteilung Makroökonomik
Nachricht senden Persönliche Seite

Publikationen

The Macroeconomic Risks of Undesirably Low Inflation

Mathias Trabandt Jonas Arias Christopher J. Erceg

in: European Economic Review , 2016

Abstract

This paper investigates the macroeconomic risks associated with undesirably low inflation using a medium-sized New Keynesian model. We consider different causes of persistently low inflation, including a downward shift in long-run inflation expectations, a fall in nominal wage growth, and a favorable supply-side shock. We show that the macroeconomic effects of persistently low inflation depend crucially on its underlying cause, as well as on the extent to which monetary policy is constrained by the zero lower bound. Finally, we discuss policy options to mitigate these effects.

Publikation lesen

Understanding the Great Recession

Mathias Trabandt Lawrence J. Christiano Eichenbaum Martin

in: American Economic Journal: Macroeconomics , Nr. 1, 2015

Abstract

We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions. We reach this conclusion by looking through the lens of an estimated New Keynesian model in which firms face moderate degrees of price rigidities, no nominal rigidities in wages, and a binding zero lower bound constraint on the nominal interest rate. Our model does a good job of accounting for the joint behavior of labor and goods markets, as well as inflation, during the Great Recession. According to the model the observed fall in total factor productivity and the rise in the cost of working capital played critical roles in accounting for the small drop in inflation that occurred during the Great Recession.

Publikation lesen

Unemployment and Business Cycles

Mathias Trabandt Lawrence J. Christiano Eichenbaum Martin

in: Econometrica , Nr. 4, 2016

Abstract

We develop and estimate a general equilibrium search and matching model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, we do not impose wage inertia. Instead we derive wage inertia from our specification of how firms and workers negotiate wages. Our model outperforms a variant of the standard New Keynesian Calvo sticky wage model. According to our estimated model, there is a critical interaction between the degree of price stickiness, monetary policy, and the duration of an increase in unemployment benefits.

Publikation lesen
Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoWeltoffen Logo