Working Papers


Young Firms under Pressure: Heterogeneous Investment Responses to a Trade Shock

Current Version: here
Submitted (with Katharina Erhardt)

The Effect of Exogenous Variation in Labor Market Participation on Care Work
Submitted (with Linda Ghirardello)

Business-cycle Dependent Effects of Uncertainty Shocks: The Role of Capital Irreversibility
Current Version: here, previous here, early version
Revise and Resubmit, Macroeconomic Dynamics

Fiscal Responses to Monetary Policy: Insights From a Survey Among Government Officials
Submitted (with Heiner Mikosch, Samad Sarferaz and Armin Steinbach)




Publications


Uncertainty Shocks, Adjustment Costs and Firm Beliefs: Evidence From a Representative Survey
American Economic Journal: Macroeconomics, 2025, 17(3), pp. 36-73, (with Heiner Mikosch and Samad Sarferaz)

Measuring Macroeconomic Uncertainty: A Cross-Country Analysis
European Economic Review, 2023, 153, 104383, (with Samad Sarferaz)
Download Data: here

Measuring Knightian Uncertainty
Empirical Economics, 2021, 61, pp. 2113–2141 (with David Iselin)

The Effects of Policy Uncertainty on Investment: Evidence from the Unexpected Acceptance of a Far-Reaching Referendum in Switzerland 
European Economic Review, 2018, 104, pp. 38–67 (with Klaus Abberger, Michael Siegenthaler and Jan-Egbert Sturm)

Exchange rate uncertainty and firm investment plans evidence from Swiss survey data
Journal of Macroeconomics, 2017, 51, pp. 1–27 (with Garret Binding)






Work in Progress


Fiscal Multipliers under Natural Disasters
with Céline Poilly

Announcement effects of fiscal policy: How firms update expectations in real time
with Vera Eichenauer, Remo Gurtner, and Jan-Egbert Sturm


Gender Differences in Pension Investment: The Role of Biased Advice
with Claudia Curi, Matteo Ploner, and Mirco Tonin


How do non-profit financial advisors foster autonomy in decision making under uncertainty?
with Valeria Cavotta, Claudia Curi, and Mirco Tonin