PD Dr. Stephen Sacht
Professional Career
Stephen Sacht joined the Hamburg Institute of International Economics (HWWI) in March 2023. He is deputy head of the institute’s Methodology Center. Sacht studied economics with emphasis on macroeconomics at Kiel University, where he also received his doctorate and completed his habilitation. He currently holds the position of adjunct professor at Kiel University. Since 2020 Stephen Sacht has also been a visiting professor at the University of Rwanda. In the academic year 2015/16 he acted as deputy director of the institute of regional research and deputy chair of international and regional economics at Kiel University. From 2012 until 2015 he was a member of the research area “Macroeconomic Policy under Market Imperfections” at the Kiel Institute.
Research Interests
Theoretical & Applied Macroeconomics, Business Cycle Analysis & Growth, Monetary & Fiscal Policy, Computational General Equilibrium Modeling
Representative Publications
- Jiri Kukacka, Stephen Sacht (2023): Estimation of Heuristic Switching in Behavioral Macroeconomic Models, in: Journal of Economic Dynamics & Control 146, 104585.
- Tae-Seok Jang, Stephen Sacht (2021): Forecast Heuristics, Consumer Expectations, and New-Keynesian Macroeconomics: A Horse Race, in: Journal of Economics Behavior and Organization 182, 493-511.
- Steffen Ahrens, Stephen Sacht (2014): Estimating a high-frequency New-Keynesian Phillips curve, in: Empirical Economics 46, 607-628.
All publications
Refereed Articles
- Reiner Franke, Jiri Kukacka, Stephen Sacht (2024): Is the Hamilton regression filter really superior to Hodrick–Prescott detrending?, in: Macroeconomic Dynamics , 1-14.
- Jiri Kukacka, Stephen Sacht (2023): Estimation of Heuristic Switching in Behavioral Macroeconomic Models, in: Journal of Economic Dynamics & Control 146, 104585.
- Stephen Sacht (2022): The Tale of the Donkey and the Elephant: An Estimated Optimal Fiscal Policy Rule for the US, in: Applied Economics Letters 29, 4.
- Tae-Seok Jang, Stephen Sacht (2022): Macroeconomic Dynamics under Bounded Rationality: On the Impact of Consumers' Forecast Heuristics, in: Journal of Economic Interaction and Coordination 17(3), 849-873.
- Tae-Seok Jang, Stephen Sacht (2021): Forecast Heuristics, Consumer Expectations, and New-Keynesian Macroeconomics: A Horse Race, in: Journal of Economics Behavior and Organization 182, 493-511.
- Tae-Seok Jang, Stephen Sacht (2016): Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching, in: Metroeconomica 67(1), 76-113.
- Stephen Sacht (2015): On the Efficiency of Labor Market Reforms: How to Solve the Spanish Puzzle?, in: Economics: The Open-Access, Open-Assessment E-Journal 9, 1-29.
- Tae-Seok Jang, Stephen Sacht (2015): Entrepreneurship, Youth Unemployment and Macroeconomic Policy: Lessons from Korea and Spain, in: Korean Journal of Economics 33(2), 1-22.
- Reiner Franke, Tae-Seok Jang, Stephen Sacht (2015): Moment matching versus Bayesian estimation: Backward-looking behaviour in a New-Keynesian baseline model, in: North American Journal of Economics and Finance 31, 126-154.
- Steffen Ahrens, Stephen Sacht (2014): Estimating a high-frequency New-Keynesian Phillips curve, in: Empirical Economics 46, 607-628.
- Reiner Franke, Stephen Sacht (2014): Some Observations in the High-Frequency Versions of a Standard New-Keynesian Model, in: Bulletin of Economic Research 66, 72-94.
Contact
PhoneEmailsacht@hwwi.org
Personal Websitehttps://www.makro-vwl.uni-kiel.de/de/team/dipl.-vw.-stephen-sacht