Christian Bayer

Professor Christian Bayer is a Professor of Economics at the University of Bonn, where he has been a full professor since 2008. He is affiliated with the Department of Economics and the Institute for Macroeconomics and Econometrics. His research focuses on macroeconomics of heterogeneous agents, fiscal friction, and monetary and fiscal policy.

• PhD from the University of Dortmund in 2004
• Positions at EUI and Bocconi before joining University of Bonn
• Member of the Academic Advisory Board of the German Federal Ministry of Economics and Technology
• Visiting professor at the German Federal Ministry of Finance
• Member of the German Gas Crisis Commission in 2022

Professor Bayer's research primarily centers on the macroeconomics of heterogeneous agents, examining both firms and households. His work investigates how financial frictions, fiscal policy, and monetary policy affect macroeconomic outcomes and inequality. He has made significant contributions to the development of heterogeneous agent new Keynesian (HANK) models, which have become influential in modern macroeconomic analysis.

His recent work has focused on the economic implications of energy shocks, particularly related to Russia's invasion of Ukraine and the resulting energy crisis in Germany. He has also conducted important research on the distributional effects of fiscal policy, the impact of pandemics on consumption patterns, and the convergence dynamics between East and West Germany.

• Hermann-Heinrich Gossen Prize of the Verein für Sozialpolitik (2022)
• ERC Advanced Grant (2017)
• ERC Starting Grant (2012)

Professor Bayer has published in leading economics journals including Econometrica and American Economic Review. He is actively involved in policy discussions, frequently contributing op-eds to major German newspapers like FAZ and serving on important policy advisory bodies. He is a member of the ECONtribute: Markets & Public Policy cluster of excellence at the University of Bonn and co-hosts a popular economics podcast called "WRINT: Wirtschaftskunde" where he discusses current economic issues with colleagues.