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Empirical Methods for Business-Cycle Analysis

This course aims to bring participants to the research frontier on how to estimate the causal effects of macroeconomic shocks, with a particular focus on monetary and fiscal policy. We will discuss how to: plausibly identify those shocks; best estimate their causal effects in finite samples; and finally use those shock causal effects for macroeconomic policy evaluation. The analysis throughout...

Bayesian Approaches to the Analysis of Panel Data

This course provides a self-contained introduction to Bayesian analysis of panel data models. We will start with an introduction to Bayesian inference, covering the basic building blocks, which involve inference in a heteroskedastic linear regression model and Gibbs sampling to generate draws from the posterior distribution. Moreover, we will consider nonparametric inference. We then proceed with...

Effects of Shocks in Nonlinear and Non-Gaussian Environments

What this course is about: The study of nonlinearities permeates modern macroeconomics.This course will introduce tools to estimate the possibly nonlinear effects of various (possibly non-Gaussian) economic shocks. The tools/models we will cover come in two classes: 1. Models where nonlinearities and non-Gaussianity help to identify shocks2. Models where identification assumptions (such as...

Attitudes to Income Inequality: Experimental and Survey Evidence

What this course is about: These are many ways to analyse individual well-being. We will start from the traditional approach followed in the Social Sciences based on command over economic resources and discuss the individual attitudes towards an unequal distribution of resources. We will then enrich this traditional approach with insights from Biology looking at variables related to DNA...

Empirical Industrial Organization Methodologies: Beyond IO Classical Applications

Demand estimation and binary choice econometric models have long been central to the study of Industrial Organization, helping researchers and policymakers understand consumer preferences, market power, and competitive dynamics. These models allow for the estimation of demand elasticities and price markups. However, their applications have expanded far beyond this traditional domain, finding...

tba

to be announced

Have the Effects of Shocks to Oil Price Expectations Changed? Evidence from Heteroskedastic Proxy Vector Autoregressions

Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks or they consider a time-varying model and shock transmission. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and test for time-varying impulse responses in a model for the global crude oil market that includes ...

Indikatorensystem zur technologischen Leistungsfähigkeit Deutschlands

Scaling up of SMEs

The project seeks to identify the share of productive and fast-growing firms in the economy, their characteristics such as sector, location (urban/rural, low-density, high-density, etc.), size and age since formation, and their growth performance. Furthermore, it will be analyzed - as far as the data situation allows - which factors contribute to the success.

Study on the impact of State aid rules for banks in difficulty

The study will provide a quantitative and qualitative assessment of the impact of the State aid rules for banks, which will serve as evidence for the evaluation of the State aid rules applicable to banks in difficulty since their entry into force in end-2008.