CV - Job Market Paper  
 

Höynck, Christian  

Contact Information

Tel. +34 93 542 1942

[email protected]

 

Personal web page

 

Available for Interviews at

European Job Market for Economists (EEA), December 18-19, Rotterdam, The Netherlands

 

Allied Social Science Associations (ASSA), January 3-5, San Diego, US

 

 

Research interests

Macroeconomics. Monetary Economics. Applied Econometrics.

 

Placement officer

Filippo Ippolito
[email protected]
 

References

Jordi Galí (Advisor)
[email protected]

Barbara Rossi (Advisor)
[email protected]

Edouard Schaal
[email protected]


 

Research

"Production Networks and the Flattening of the Phillips Curve" (Job Market Paper)
This paper analyses the role of structural transformation in production networks on the flattening of the Phillips curve over the last decades. To this purpose, I build a multi-sector model with production networks, and heterogeneity in the network structures, degree of nominal rigidities and market power. In the production network model, inflation sensitivity to the output gap becomes dependent on the network structure of the economy. Two characteristics of the network matter for inflation dynamics: the network multiplier and output shares. In particular, the slope of the Phillips curve depends negatively on characteristics that are more prevalent in the service sector. Analyzing the input-output structure from 1963 to 2017, I document not only a structural transformation in value added output but also an increase in the centrality of the service sector (service deepening). Calibrating the model to this sectoral transformation can account for a decrease in the slope of up to 15% percent.

 

“Network Effects of Oil Price Shocks"

 

Research Papers in Progress

“How large are Strategic Complementarities? Evidence from VAT Changes in the U.K.”

“On the Sources of Heterogenous Frequency of Price Adjustment” (with Donghai Zhang)