Prof. Dr. Holger Kraft

• Selected SAFE Publications

  Author/s	Title	Area	Published
  Christoph Hambel, Holger Kraft, Eduardo S. Schwartz	Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change European Economic Review	Macro Finance, Systemic Risk Lab	2020
  Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash Journal of Economic Dynamics and Control	Household Finance	2019
  Michael Brennan, Holger Kraft	Leaning Against the Wind: Debt Financing in the Face of Adversity Financial Management	Financial Markets	2018
  Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen	Life Insurance Demand under Health Shock Risk Journal of Risk and Insurance	Household Finance	2017
  Holger Kraft, Thomas Seiferling, Frank Thomas Seifried	Optimal Consumption and Investment with Epstein-Zin Recursive Utility Finance and Stochastics	Financial Markets	2017
  Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment Review of Finance	Household Finance	2018
  Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner	Consumption Habits and Humps Economic Theory	Household Finance	2017
  Marius Ascheberg, Nicole Branger, Holger Kraft, Frank Thomas Seifried	When Do Jumps Matter for Portfolio Optimization? Quantitative Finance	Financial Markets	2016
  Holger Kraft, Frank Thomas Seifried	Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility Journal of Economic Theory	Financial Markets	2014
  Nicole Branger, Holger Kraft, Christoph Meinerding	Partial Information about Contagion Risk, Self-Exciting Processes and Portfolio Optimization Journal of Economic Dynamics and Control	Financial Markets, Systemic Risk Lab, Transparency Lab	2014
  Holger Kraft, Eduardo S. Schwartz, Farina Weiss	Growth Options and Firm Valuation European Financial Management	Financial Markets	2018
  Nicole Branger, Holger Kraft, Christoph Meinerding	The Dynamics of Crises and the Equity Premium Review of Financial Studies	Financial Markets, Systemic Risk Lab	2016
  Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle Journal of Banking and Finance	Household Finance	2019

• SAFE Working Papers

  No.	Author/s	Title	Area
  11	Nicole Branger, Holger Kraft, Christoph Meinerding	The Dynamics of Crises and the Equity Premium	Financial Markets, Systemic Risk Lab
  293	Christoph Hambel, Holger Kraft, André Meyer-Wehmann	When Should Retirees Tap Their Home Equity?	Household Finance
  6	Holger Kraft, Eduardo S. Schwartz, Farina Weiss	Growth Options and Firm Valuation	Financial Markets, Transparency Lab
  16	Marius Ascheberg, Nicole Branger, Holger Kraft, Frank Thomas Seifried	When Do Jumps Matter for Portfolio Optimization?	Financial Markets
  53	Holger Kraft, Claus Munk, Frank Thomas Seifried, Mogens Steffensen	Consumption and Wage Humps in a Life-Cycle Model with Education	Household Finance
  52	Holger Kraft, Thomas Seiferling, Frank Thomas Seifried	Optimal Consumption and Investment with Epstein-Zin Recursive Utility	Financial Markets
  15	Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner	Consumption Habits and Humps	Household Finance
  92	Christoph Hambel, Holger Kraft	Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change	Macro Finance, Systemic Risk Lab
  40	Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen	Life Insurance Demand under Health Shock Risk	Household Finance
  34	Nicole Branger, Patrick Grüning, Holger Kraft, Christoph Meinerding, Christian Schlag	Asset Pricing Under Uncertainty About Shock Propagation	Financial Markets
  85	Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment	Household Finance
  26	Michael Brennan, Holger Kraft	Financing Asset Growth	Financial Markets
  25	Holger Kraft, Alexander Schmidt	Systemic Risk in the Financial Sector: What Can We Learn from Option Markets?	Financial Intermediation, Systemic Risk Lab
  28	Nicole Branger, Holger Kraft, Christoph Meinerding	Partial Information about Contagion Risk, Self-Exciting Processes and Portfolio Optimization	Financial Markets, Systemic Risk Lab, Transparency Lab
  17	Holger Kraft, Frank Thomas Seifried	Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility	Financial Markets
  139	Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle	Household Finance
  181	Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash	Household Finance
  119	Michael Brennan, Holger Kraft	Leaning Against the Wind: Debt Financing in the Face of Adversity	Financial Markets

• Completed Projects

  Researcher	Project	Funded by
  Matteo Bagnara, Nicole Branger, Mariano Massimiliano Croce, Ilya Dergunov, Robert F. Dittmar, Volker Flögel, Holger Kraft, Tatyana Marchuk, Christoph Meinerding, Alessandro Pollastri, Paulo Rodrigues, Satchit Sagade, Christian Schlag, Norman Seeger, Ivan Shaliastovich, Julian Thimme, Rüdiger Weber, Claudia Zunft	Risk Pricing & Trading	SAFE
  Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer	Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare	LOEWE
  Holger Kraft, Christoph Kühn, André Meyer-Wehmann	Get ahead of the Joneses: Social Status	LOEWE
  Christoph Hambel, Holger Kraft, André Meyer-Wehmann	Consumption-Portfolio-Housing Choice with Reverse Mortgages	LOEWE
  Christoph Hambel, Holger Kraft, Peter Schwamborn	Non-Financial Life-Cycle Decisions and their Impact on Consumption-Portfolio Choice with Unspanned Labor Income	DFG
  Holger Kraft, Farina Weiss	Bequeathing Illiquid Assets across Generations in an Aging Society	LOEWE