This course provides an ideal complement for the BSE short course from Prof. Christian Bayer on "Business Cycle Models with Heterogeneous Agents".

Please register with Juliane at jmetzner@diw.de, if you are interested.

Financial systems have developed rapidly in many developing countries. These changes increase the need for research into their effects. To this end DIW Berlin will host a workshop in the field of “Finance and Development” to be held in Berlin on April 25 in the afternoon and full day April 26, 2019.

Attendance by invitation!

Using an incentivized survey and a representative sample of investors, we elicit ambiguity attitudes toward a familiar company stock, a local stock index, a foreign stock index, and a crypto currency. We separately estimate ambiguity aversion (ambiguity preferences) and perceived ambiguity levels (perceptions about ambiguity), while controlling for unknown likelihood beliefs. We show that ambiguity aversion is highly correlated across different assets and can be summarized by a single underlying factor. By contrast, individuals’ perceived ambiguity levels differ depending on the type of asset and cannot be summarized by a single underlying factor. Perceived ambiguity is mitigated by financial literacy and education, while the preference component is correlated with risk aversion. Perceived ambiguity proves to be related to actual investment choices, validating our measure. Finally, our results imply that policies enhancing financial literacy and knowledge of financial markets can help stimulate equity market participation and reduce inequality, as these reduce peoples’ perceived levels of ambiguity about financial assets.

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

with  Paul Tucker

The 1st annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the DIW Berlin. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the field of Macroeconomics, Finance, and Economic History. We invite both empirical and theoretical contributions, including, but not limited to macroeconomic and financial stability, interactions between monetary policy and financial regulation, institutional change and capital market integration, and studies dealing with expectations and experience. The conference will facilitate and support the formation of professional networks among female economists across academia and policy institutions.
Each conference day will be opened with an invited speaker followed by contributed pa-pers, discussions, and poster sessions. Additionally, invited speakers will share experiences and insights of pursuing a career in the field of Macroeconomics and Finance.

Keynote lectures will be given by:

Claudia M. Buch (Deutsche Bundesbank),
Nicola Fuchs-Schündeln (Goethe University Frankfurt), and
Raffaela Giacomini (University College London)

There is no registration or participation fee. Accommodation, lunch buffets and a dinner will be hosted by DIW Berlin. However, travel expenses are not covered. 

Please submit your paper or an extended abstract until March 31, 2019 in PDF format along with information on the paper title, name(s) of author(s), and contact details to wimfeh@diw.de. Authors will be informed latest by April 30, 2019. By submitting your paper and personal data, you agree that this information will be used exclusively for conference planning. After the conference, this data will be deleted. 

This year’s conference focusses on the rise of corporate power with an emphasis on digital markets. A remarkable body of economic research has recently reported the global rise of markups across many markets and industries. The measurement of market power, the role of competition policy, and the potential need for regulatory intervention are core issues of the academic and policy discussion. These issues are particularly challenging in multi-sided digital platform industries with large players such as Amazon, Facebook, and Google, which are also under suspicion of increasing political power and influence. This conference brings together leading academics and policy makers to discuss the road ahead for improving institutions and markets to curb corporate power for the good of society.

Presentations and discussions with
Jonathan Baker (American University, Washington, D.C.)
Tomaso Duso (DIW Berlin and Technische Universität Berlin)
Jan Eeckhout (Universitat Pompeu Fabra, Barcelona)
Hans W. Friederiszick (E.CA Economics)
Matthew Gentzkow (Stanford University)
Stefan Hunt (UK Competition & Markets Authority, Chief Data and Digital Insights Officer)
Helen Margetts (University of Oxford)
Fiona Scott Morton (Yale University)
Paul Nemitz (Principal Advisor in Directorate-General Justice and Consumers of the European Commission)
Daniela Stockmann (Hertie School of Governance)

Online registration is now open at this link. Updated information about the event is available at the BCCP Conference website. We look forward to welcoming you to the 4th BCCP Conference.

This year's SOEPcampus@University of Mannheim Workshop "Längsschnittdatenanalyse mit dem Sozio-oekonomischen Panel (SOEP)" will take place from June 24-26 (the workshop is held in German).

Registration:
Please use the registration form and/or contact Deborah Gottinger-Würtz soeporga@mail.uni-mannheim.de

Further details regarding time, place and registration will be announced.