Monetary Macroeconomics

The Research Group on Monetary Macroeconomics addresses research questions related to the transmission of monetary policy. Using theoretical models, aggregate data, or individual microdata, the group examines how monetary policy affects the economic decisions of households and firms. A particular focus is placed on the role of inflation expectations and other macroeconomic expectations. This includes investigating how factors such as central bank communication influence the formation of inflation expectations, the interdependencies with individual characteristics and preferences, and how variance in macroeconomic expectations impacts consumption and saving decisions. Experimental methods are employed to analyze causal relationships.