Economist | University Lecturer

Since May 2017, I have been heading the Financial Stability / Macroprudential Supervision Unit at the Liechtenstein Financial Market Authority (FMA) in Vaduz. Previously, I worked as an Economist in the External Developments Division of the European Central Bank (ECB) and in the Foreign Research Division of the Oesterreichische Nationalbank (Austrian Central Bank).

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Besides my policy work in central banking and financial market regulation, I am an academic lecturer at the University of Innsbruck, the University of Liechtenstein and the Vienna University of Economics & Business. In 2018, I successfully completed my Habilitation in Economics at the University of Innsbruck.

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Latest publications

'On the structural determinants of growth-at-risk', 2023, with M. Geiger and E. Hasler, International Journal of Central Banking, forthcoming.

'A Shot for the US Economy', 2022, with F. Huber and M. Meier, Finance Research Letters, 47, 102638.

'Success factors in ICOs: Individual firm characteristics or lucky timing?', 2021, with I. Gächter, Finance Research Letters, 40, 101715.

'Credit intermediation and the transmission of macro-financial uncertainty: International evidence', 2020, with M. Geiger and S. Stöckl, Journal of International Money and Finance, 108, 102152.

Some selected policy contributions

The FMA has published its fourth Financial Stability Report for the Liechtenstein financial market: Financial Stability Report 2022

During my time at the ECB, I worked intensively on issues related to global trade, particularly on the reasons behind the global trade slowdown following the global financial crisis.

'Understanding the weakness in global trade: What is the new normal?', 2016,

with IRC Trade Task Force, ECB Occasional Paper, No. 178, September.

The main results were also presented in a voxEU column and a box in the ECB Economic Bulletin.