Andreas Kuchler


Senior ​Economist
Economics and Monetary Policy
Fields of Interest: Household and Firms Behaviour, Banking, Applied Econometrics
aku@nationalbanken.dk

Education
Ph.D. Economics, University of Southern Denmark, 2011
M.Sc. Economics, University of Southern Denmark, 2008

Professional Experience
Senior Economist, Macroeconomic Analysis, Danmarks Nationalbank, 2018-
Senior Economist, Monetary Policy and International Relations Division, Danmarks Nationalbank, 2016-2018
Economist , Economic Research Division, Danmarks Nationalbank, 2014-2016
Economist, Money and Banking Statistics Division, Danmarks Nationalbank, 2011-2014
Part-time Lecturer, Department of Business and Economics, University of Southern Denmark, 2012-  

Refereed Publications
'Leverage, investment, and recovery from a financial crises: The role of debt overhang', Studies in Economics and Finance, forthcoming

‘Over optimism and house price bubbles’ with Kim Abildgren and Niels Lynggård Hansen, Journal of Macroeconomics, Vol. 56, pp. 1-14, (2018)

‘Banks’ loan rejection rates and the creditworthiness of the banks’ corporate customers’ with Kim Abildgren and Peter Askjær Drejer, Danish Journal of Economics 151 (2), pp. 207-224, (2013)

‘Do Microfinance Programs Change Fertility? Evidence Using Panel Data from Bangladesh’, Journal of Developing Areas 46 (2), pp. 297-313, (2012)

'Mikrokredit: Bistand eller Business? (in Danish Only)‘, Økonomi & Politik 82 (3), pp. 66-78, (2009)

Working papers
'Revisiting the inflation perception conundrum', with Kim Abildgren, Danmarks Nationalbank Working Paper, no. 144, (2019)

'Consistency between household-level consumption data from registers and surveys', with Kim Abildgren, America Solange Lohmann Rasmussen and Henrik Sejerbo Sørensen, Danmarks Nationalbank Working Paper, no. 131, (2018).

'Consumption Heterogeneity: Micro drivers and macro implications', with Edmund Crawley, Danmarks Nationalbank Working Paper, no. 129, (2018)

‘Consumption and savings in a low interest-rate environment‘ with Simon Juul Hviid, Danmarks Nationalbank Working Paper, no. 116, (2017).

‘Non-parametric estimation of marginal propensities to consume: the case of regression splines‘ with Casper Nordal Jørgensen, Danmarks Nationalbank Working Paper, no. 112, (2017)

‘Credit standards and capital allocation in a low interest rate environment’ with Svend Greniman Andersen, Danmarks Nationalbank Working Paper, no. 107, (2016). 

‘Loan types, leverage, and savings behaviour of Danish households’, Danmarks Nationalbank Working Paper no. 97, (2015).

‘Firm leverage and investment during the crisis’ , Danmarks Nationalbank Working Paper no. 96, (2015).

‘The efficiency of Danish banks before and during the crisis: A comparison of DEA and SFA’, Danmarks Nationalbank Working Paper no. 87, (2013).

‘Credit squeeze or low credit score? A micro-econometric analysis of SME's access to credit’ , with Kim Abildgren and Peter Askjær Drejer,  Danmarks Nationalbank Working Paper no. 81, (2012).

‘The Interplay between Credit Standards and Credit Demand: Microeconometric Evidence from Denmark’, Danmarks Nationalbank Working Paper no. 82, (2012).

‘Shocks and Risk Coping Strategies among Poor Rural Households in Mozambique’, with Jonas Helth Lønborg and Øystein Juul Nielsen, University of Southern Denmark Working paper (2012)

‘Exploring the Links Between Framework Conditions and Microfinance Institutions’,  University of Southern Denmark Working paper (2011)

Work in progress
Heterogeneity in consumer behavior

Pension savings and debt

Wealth effects on consumption

Impacts of negative deposit rates on firm behavior

Inflation expectations

Selected Danmarks Nationalbank Publications
‘Once again labour shortage in construction‘ with Svend Greniman Andersen, Danmarks Nationalbank Analysis, no. 15/2017

‘Lending in a low interest rate environment’, with Svend Greniman Andersen, Danmarks Nationalbanks Kvartalsoversigt, 2nd quarter 2016, pp. 83-93.

‘Firms’ Leverage and Investment’, Danmarks Nationalbank Monetary Review, 3rd quarter 2015, pp.63-71.  
 
‘Corporate capital structure, productivity and access to finance’, with Kim Abildgren, Mark Niels Strøger Hansen, Carina Moselund Jensen, Mark Strøm Kristoffersen and Oxana Skakoun, Danmarks Nationalbank Monetary Review, , 4th quarter 2014, pp. 61-77.

‘New and more detailed MFI statistics’, with Jens Uhrskov Hjarsbech, Danmarks Nationalbank Monetary Review, 1st quarter 2014, pp. 91-98.

‘Productivity and Cost-Efficiency in the Danish Financial Sector - Part 2’, with Kim Abildgren, Nicolai Møller Andersen and Mark Strøm Kristoffersen,  Danmarks Nationalbank Monetary Review, 4th quarter 2013, Part 2, pp. 52-62 .

‘Banks, Credit and Business Cycles’, with Kim Abildgren, Danmarks Nationalbank Monetary Review, 2nd quarter 2013,  pp. 1-49.

‘The Banks' Interest Rates‘, with Brian Liltoft Andreasen and Paul Lassenius Kramp, Monetary Review, 4th quarter 2012, pp. 71-84.

Other Works
'Improving the quality of banking statistics: A conceptual view and the implications for a new reporting system for Dansih banks', paper presented at the World Statistics Congress, Hong Kong, 2013

'Synthesis of Impact Evaluations of Microcredit', with Thomas Barnebeck Andersen and Jens Kovsted, Danish Ministry of Foreign Affairs Evaluation Study 4/2009
https://www.oecd.org/derec/denmark/43963252.pdf