To what extent do firms pass-through cost increases to their customers? What are the drivers? In a new WP, I investigate this question based on a novel survey approach together with Isabel Gödl-Hanisch.

How much do firms pass through cost hikes to customers? Using a novel survey approach, Isabel Gödl-Hanisch and coauthors document that firms directly elicit pass-through at the firm level to study heterogeneity & nominal + real rigidities x nature of shock. Discussant: Jenny Chan

I'm very excited to be selected as a finalist for the ECB Young Economist Prize! Looking forward to the #ECBForum, where I'll present my joint work with Isabel Gödl-Hanisch.

. Manuel Menkhoff finds that firms adjust prices slowly after cost increases to avoid diverging from competitors. This is amplified when the cost increase is expected to be temporary. The sluggish pass-through implies a persistent impact of monetary policy ecb.europa.eu/pub/conference…

Research Seminar- Isabel Gödl-Hanisch (LMU Munich) Isabel Gödl-Hanisch - Firms’ Pass-Through Dynamics: A Survey Approach. Register here: suomenpankki.fi/fi/media-ja-ju…

Thank you for a fantastic 2-week visit, very insightful feedback, and a great time in Helsinki! Suomen Pankki Michaela Elfsbacka Schmöller Martin Wolf and many more.

New CEPR Discussion Paper - DP19403 Wage Setting in Times of High and Low #Inflation Maximilian Gödl UniBw M, Isabel Gödl-Hanisch Isabel Gödl-Hanisch Universität München Economics LMU Munich ow.ly/PBZ950T8Iqw #CEPR_MEF #economics

My paper with Isabel Gödl-Hanisch is now out as CEPR discussion paper. We use firm-level survey data from ifo Institut as well as collective bargaining data from Germany to show that wages are reset more frequently and by larger increments during times of high inflation …

If you are currently looking to fill a position - check out Manuel Menkhoff's profile - a fantastic colleague and co-author.

Wage Setting in Times of High and Low Inflation |Max Goedl Isabel Gödl-Hanisch #econtwitter cesifo.org/en/publication…

Happy to see my third dissertation chapter published in the EER! Thanks for all the support along the way! Notre Dame Economics

📢 Call for Papers! Join us in Munich for the 15th ifo Conference on Macroeconomics & Survey Data 🗓️ Oct 17–18, 2025. Keynotes: Olivier Coibion & Sarah Lein Hosted by ifo Institut – see you this fall! 🔗 ifo.de/en/event/2025-… #Macro #SurveyData

New CEPR Discussion Paper - DP20180 Monetary Policy Transmission, Bank Market Power, and Income Source Isabel Gödl-Hanisch Isabel Gödl-Hanisch Universität München Economics LMU Munich, Jordan Pandolfo Kansas City Fed ow.ly/CtE050VKAwJ #CEPR_MEF #CEPR_BCF #EconTwitter

Starting Sept 2025: CEPR & Federal Reserve Bank of San Francisco launch a monthly Virtual Seminar on Monetary Economics. Focus: central bank goals, policy design, transmission, & international dimensions. 🗓 First session: 4 Sept | 5PM CET Details 👉 cepr.org/events/event-s… Organisers: Michael Bauer