Christian Bayer - University of Bonn

Christian Bayer is a Professor of Economics at the Institute for Macroeconomics and Econometrics, University of Bonn. He is a member of the Cluster of Excellence ECONtribute, the Hausdorff Center for Mathematics (HCM), and the Center for Advanced Studies "Finance and Inequality" (CASFI). He is a CEPR Research Fellow and an IZA Research Fellow. His research focuses on Macroeconomics, Inequality, Business Cycles, and Monetary Policy. He is actively involved in policy advising, serving as Vice-Spokesperson of the Board of Academic Advisors at the Federal Ministry for Economic Affairs and Energy, and was a member of the German Gas Crisis Commission.

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Sprechstunde / Office Hours:
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Listen to my regular podcast (in German):
"WRINT: Wirtschaftskunde"

Recent Research

"Shocks, Frictions, and Inequality in US Business Cycles" (with Benjamin Born and Ralph Luetticke),
American Economic Review, 2024, vol. 114(5), pp. 1211-47.
"Pandemic Consumption" (with R. Bachmann and M. Kornejew),
Journal of Economic Dynamics and Control, 2025, vol. 180, 105185.
"Monopsony Makes Firms not only Small but also Unproductive: Why East Germany has not Converged" (with R. Bachmann, H. Stüber, and F. Wellschmied), Dec 2024, CEPR DP No. 17302-v2.
Conditionally accepted at Review of Economic Studies.
"An Endogenous Gridpoint Method for Distributional Dynamics" (with R. Luetticke, M. Weiss and Y. Winkelmann), April 2025, CEPR Discussion Paper No. 19067-v3.
Journal of Monetary Economics, 2026, vol. 158, 103895.
"A HANK2 Model of Monetary Unions" (with A. Kriwoluzky, G. Müller, and F. Seyrich).
Journal of Monetary Economics, 2024, vol. 147, 103579.
"Hicks in HANK: Fiscal Responses to an Energy Shock" (with A. Kriwoluzky, G. Müller, and F. Seyrich), Oct 2023, CEPR DP No. 18557. Revision requested at JPE Macroeconomics.
"Job levels and Wages" (with M. Kuhn), May 2023, CEPR DP No. 18169.
Revision requested at Review of Economic Studies.
"Distribution Dynamics" (with L. Calderon and M. Kuhn), Jan 2025, CEPR DP No. 19829.
"Being and Consciousness: Fiscal Attitudes According to HANK" (with A. Kriwoluzky, G. Müller, and F. Seyrich), Jul 2025, CEPR DP No. 20473.