DIW Seminar on Macroeconomics and Financial Markets

The seminar intends to provide a platform for discussing current research in the field of macroeconomics, financial markets, and applied econometrics. The public is invited to attend. Please contact the coordinators if you want to be put on
the mailing list.

Wednesday, 12.00-13.15 (Brown Bag)

DIW Berlin, Mohrenstr. 58
Joan Robinson Room (3.3.002A) 
(Note that the room can be subject to change.)

Alexander Kriwoluzky, Kerstin Bernoth, Claus Michelsen, Lukas Menkhoff


Geraldine Dany-Knedlik

Jan Philipp Fritsche

Jacob Miethe

Winter 2017/18

DatumVortragender/ InstitutTitel

Barbara Rossi, Universitat Pompeu Fabra

The Effects of Conventional and Unconventional Monetary Policy: Results from a New Identification Procedure

Gary KoopUniversity of Strathclyde

Composite Likelihood Methods for Large Bayesian VARs with Stochastic Volatility

Lutz Kilian, University of Michigan

Lower Oil Prices and the U.S. Economy: Is This Time Different?
Paper | PDF, 318.36 KB

Rafael Wouters, National Bank of Belgium

Estimation of Operational Macromodels at the Zero Lower Bound
Programm | PDF, 1.56 MB

Matteo Iacoviello, Federal Reserve System

Measuring Geopolitical Risk
Programm | PDF, 1.21 MB

Gert Peersman, Ghent University

Macroeconomic Effects of Disruptions in Global Food Commodity Markets

Thomas Gehrig, University of Vienna

Did the Basel Process of Capital Regulation Enhance the Resiliency of European Banks?
Programm | PDF, 3.77 MB

Michael Berlemann, Helmut Schmidt Universität

Institutional Reform and Depositors’ Portfolio Choice - Evidence from Bank Account Data

Werner Roeger, European Comission

Growth with a Digital Sector

Arne Gieseck, European Central Bank

Measuring uncertainty and its impact on the euro area economy
Programm | PDF, 321.52 KB

John Rogers, Federal Reserve System

Monetary Policy Uncertainty
Programm | PDF, 1.29 MB

Michael McMahon, University of Oxford

The Long-Run Information Effect of Central Bank Narrative

Peter Tillmann, Universität Giessen

Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks
Programm | PDF, 0.51 MB

Volker Wieland, Goethe-Universität Frankfurt

New Methods for Macro-Financial Model Comparison and Policy Analysis & Recent Applications

Claudia Foroni, Deutsche Bundesbank

Mixed frequency models with MA components

Sebastian Schmidt, European Central Bank

Conservatism and Liquidity Traps
Programm | PDF, 487.89 KB

Michael Krause, University of Cologne

International Capital Flows, External Assets and Output Volatility
Programm | PDF, 340.06 KB

Johannes Wiegand, IMF

The Re-Emerging Privilege of Euro Area Membership
Presentation Johannes Wiegand | PPTX, 368.97 KB
Programm | PDF, 1.12 MB

Marek Jarocinski, European Central Bank


Summer 2017

DatumVortragender/ InstitutTitel

Rainer Haselmann, Goethe Uni-Frankfurt

The Political Economy of Bank Bail-outs

Lars Winkelmann, FU Berlin

Estimation of the discontinuous leverage effect: evidence from the NASDAQ order book

Vincent Glode, Wharton School

Voluntary Disclosure in Bilateral Transactions

John Muellbauer , Oxford Nuffield College

What's wrong with macro: why central bank models failed and how to repair them

Moritz Kuhn, Universität Bonn

Income and Wealth Inequality in America, 1949-2013

Tomasso Monacelli, Bocconi University

The Inherent Benefit of Monetary Unions

Christiane Baumeister, University of Notre Dame

Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks

Juan Rubio-Ramirez, Emory University

Narrative Sign Restrictions

Tanseli Savaser, Bilkent University Türkei

Shrouding and the Foreign Exchange Trades of Global Custody Banks

Harald Hau, Geneva School of Economics and Management 

Discriminatory Pricing of Over-The-Counter FX Derivatives

Kai Carstensen, Universität Kiel

Predicting Ordinary and Severe Recessions with a Three-State Markov-Switching Dynamic Factor Model: An Application to the German Business Cycle

Peter Karadi, ECB

Central Bank Information Shocks

Christian Proano, Universität Bamberg

Cross-Border Banking and Macroprudential Policies in Asymmetric Monetary Unions

Barbara Rossi, Universitat Pompeu Fabra

The Effects of Conventional and Unconventional Monetary Policy: Results from a New Identification Procedure

Marek Jarocinski, European Central Bank


Winter 2016/17

DatumVortragender/ InstitutTitel

Boris Hofmann, Bank for International Settlements

Monetary facts revisited

Roland Winkler, TU Dortmund

Man-cessions, Fiscal Policy, and the Gender Composition of Employment
| PDF, 465.93 KB

Johannes Boehm, Sciences Po

Misallocation in the Market for Intermediate Inputs

Gabor Uhrin, Universität Göttingen

Monetary Policy Shocks, Sign Restrictions, and Asset Prices: A Novel Approach for Analyzing Sign Restricted Models

Andreas Schrimpf, Bank for International Settlements

Monetary shocks at high-frequency and their changing FX transmission around the globe
| PDF, 1.62 MB

Dario CaldaraFederal Reserve

Monetary Policy, Real activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs
Paper | PDF, 0.58 MB

Stefania Albanesi, University of Pittsburgh

Credit Growth and the Financial Crisis: A New Narrative.

Gregor Schweinitz, Leibniz-Institut für Wirtschaftsforschung Halle

Did the Swiss exchange rate shock shock the market?

Klaus Masuch, European Central Bank

Institutions, public debt and growth in Europe

Timo Baas, University Duisburg-Essen

Labor market reforms and current account imbalances - beggar-thy-neighbor policies in a currency union?
| PDF, 0.81 MB

Martin Oehmke, London School of Economics

Bank Resolution and the Structure of Global Banks

Michael Frömmel, Ghent University

Daily Currency Interventions in Emerging Markets: Incorporating Reserve Accumulation to the Reaction Function
Paper | PDF, 0.66 MB

Falko Fecht, Frankfurt School of Finance and Management

Strains on money market makers and money market liquidity

Carlo Favero, Bocconi University

Is it the "How" or the "When" that Matters in Fiscal Adjustments?
Paper | PDF, 430.38 KB

Marek Jarocinski, European Central Bank


Summer 2016

DatumVortragender/ InstitutTitel

Michael Wolf, Universität Zürich

Bootstrap Joint Prediction Regions

Renatas Kizys, University of Portsmouth

Nominal and Real Stochastic Convergence of the BRICS Economies

Alfred Guender, University of Canterbury

An Appraisal of Taylor Rules in an Open Economy
Paper | PDF, 1.07 MB

Florian Heider, European Central Bank

Optimal Margins and Equilibrium Prices

Roy Kouwenberg, Mahidol University

Currency Wars: Who Gains from the Battle?

Till van Treeck, Universität Duisburg-Essen

Income inequality and macroeconomic instability

Lawrence Christiano, Northwestern University

Does the New Keynesian Model Have a Uniqueness Problem?
Paper | PDF, 487.93 KB



Leo Kaas, Universität Konstanz

Firm dynamics with frictional product and labor markets

Refet Gürkaynak, Bilkent University

Forward Guidance and Asset Prices

No Seminar: GC Summer Workshop


Nauro Campos, Brunel University London

Estimating the Benefits of European Integration

Christina Gathmann, Universität Heidelberg

Spillover Effects from Mass Layoffs

Minxian Yang, University of New South Wales

The risk-return relationship: evidence from index return and realised variance series
Paper | PDF, 0.79 MB

Christoffer Koch, Federal Reserve Bank of Dallas

Why Are Big Banks Getting Bigger?
Paper | PDF, 0.67 MB

Winter 2015/16

DatumVortragender/ InstitutTitel

Luca Fornaro, CREI/Pompeu Fabra

Stagnation Traps
28.10.2015Michael Funke, University of HamburgAssessing the CNH-CNY Pricing Differential: Role of Fundamentals, Contagion and Policy

Hans-Martin Krolzig, University of Kent

The Macroeconomic Effects of US Monetary and Fiscal Policy: A Parsimonious Structural Vector Equilibrium Correction Approach
Papers | PDF, 0.7 MB

Pablo Winant, Bank of England

Optimal FX Intervention in the Face of Capital Outflows

Felix Noth, Halle Institute for Economic Research/University of Magdeburg

Banking Globalization, Local Lending and Labor Market Outcomes: Micro-level Evidence from Brazil
Pigou (1.2.027)

Emanuel Gasteiger, Free University of Berlin

(Un-)Conventional Monetary Policy and Macroeconomic Performance around the World

Morten Ravn, University College London

(S)Cars and the Great Recession
09.12.2015Klaus Adam, University of MannheimCan a Financial Transaction Tax Prevent Stock Price Booms?
Paper | PDF, 349.83 KB

Raffaella Giacomini, University College London

Models, Inattention and Expectation Updates

Michele Lenza, European Central Bank

How Big is the Output Gap in the Euro Area? Inflation Will Tell!
Paper | PDF, 0.64 MB

Johannes Pfeifer, University of Mannheim

Does Austerity Pay Off?



Ulrich Bindseil, European Central Bank

Asset Liquidity, Central Bank Collateral, and Stable Bank Funding

Hélène Rey, London Business School

World Asset Markets and the Global Financial Cycle

Summer 2015

Date Time Room Speaker Affiliation Title
15th Apr 12-13.15 Schmoller Christian Bayer University of Bonn Dynamics of Factor Productivity Dispersions
22nd Apr 12-13.15 Dulles Alexander Guembel Toulouse School of Economics A Welfare Analysis of Fragmented Liquidity Markets
29th Apr 12-13.15 Friedensburg Roland Straub European Central Bank Capital-Flow Management Measures: What Are They Good For? | PDF, 0.59 MB
6th May 12-13.15 Schumpeter Fabio Canova European University Institute The  Domestic and  International  Effects of Financial Disturbances | PDF, 1.09 MB
13th May 12-13.15 Schmoller Tom Krebs University of Mannheim  Labor Market Institutions and the Cost of Recessions | PDF, 299.11 KB
20th May 12-13.15 Schmoller Eva Schliephake University of Bonn Subsidizing Banking Instability | PDF, 431.45 KB
27th May 12-13.15 Schmoller Andreas Schabert University of Cologne Can Central Bank Asset Purchases Alleviate Credit Frictions? | PDF, 0.62 MB
3rd Jun 12-13.15 Friedensburg Luca Sala Bocconi University Noisy News in Business Cycles | PDF, 0.62 MB
10th Jun 12-13.15 Schmoller Igor Livshits Western University Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy | PDF, 0.8 MB
17th Jun 12-13.15 Schmoller George Milunovich Macquarie University Testing for Identification in SVAR-GARCH Models – Reconsidering the Impact of Monetary Shocks on Exchange Rates | PDF, 420.72 KB
24th Jun 12-13.15 Schmoller Michael Koetter Frankfurt School of Finance & Management Monetary Policy Under the Microscope: Intra-bank Transmission of ECB Asset Purchase Programs | PDF, 0.85 MB
8th Jul 12-13.15 Schmoller Esteban Prieto Deutsche Bundesbank Monetary Policy Propagation and Uncertainty
15th Jul 12-13.15 Schmoller Ralf Brüggemann University of Constance Inference in VARs with Conditional Heteroskedasticity of Unknown Form

Winter 2014/15

Date Time Room Speaker Affiliation Title
15th Oct 12-13.30 Schmoller Mathias Hoffman University of Zurich By a Silken Thread: regional banking integration and pathways to financial development in Japan's Great Recession | PDF, 375.98 KB
22nd Oct 12-13.30 Schmoller Oscar Pavlov Queensland University of Technology Product Scope and Economic Fluctuations
29th Oct 12-13.30 Schmoller John Lewis Bank of England Tailwinds from the East: How has the rising share of imports from emerging markets affected import prices?
5th Nov 12-13.30 Schmoller Co-Pierre Georg University of Cape Town Graduate School of Business, Deutsche Bundesbank A Network View on Money Market Freezes
12th Nov 12-13.30 Schmoller Wolfgang Kuhle Max Planck Institute Information Aggregation Through Stock Prices and the Cost of Capital
19th Nov 12-13.30 Schmoller Stefan Niemann University of Essex Fiscal policy, creditor composition and sovereign default
26th Nov 12-13.30 Schmoller Markku Lanne University of Helsinki Nonlinear dynamic interrelationships between real activity and stock returns
3rd Dec 12-13.30 Schmoller Christoph Bertsch Sveriges Riksbank A wake-up call theory of contagion
10th Dec 12-13.30 Schmoller Emanuele Bacchiocchi University of Milan Identification in Structural Vector
Autoregressive models with structural changes, with an application to
U.S. monetary policy
| PDF, 391.15 KB
17th Dec 12-13.30 Schmoller Wouter den Haan London School of Economics Unemployment (fears), precautionary savings and aggregate demand
7th Jan 12-13.30 Schmoller Hendrik Hakenes University of Bonn Separating trading and banking: consequences for financial stability
14th Jan 12-13.30 Schmoller Ludger Linnemann TU Dortmund University Productivity, markups, and the aggregate gross output production function
21th Jan 12-13.30 Schmoller Niels Haldrup Aarhus University

Discriminating between fractional integration and spurious long memory

28th Jan 12-13.30 Friedensburg Philipp Engler Free University Berlin Progressive Taxation and Monetary Policy in a Currency Union
4th Feb 12-13.30 Schmoller Massimiliano Marcellino Bocconi University Structural Analysis with Classical and Bayesian Large Reduced Rank VARs
11th Feb 12-13.30 Schmoller Helmut Herwartz University of Göttingen Structural modelling with independent innovations

Summer 2014

Date Time Room Speaker Affiliation Title
24th Mar 15-16.00  Schmoller Mathias Trabandt Federal Reserve Bank Understanding the Great Recession | PDF, 1.02 MB
16th Apr 12-13.30 Schmoller  Giovanni Ricco London Business School A New Identification Of Fiscal Shocks Based On The Information Flow | PDF, 0.82 MB (preliminary version)
23th Apr 12-13.30 Pigou Gerhard Illing LMU Munich Forward Guidance in a Simple Model with a Zero Lower Bound
30th Apr 12-13.30 Pigou Michael Ehrmann Bank of Canada Consumer Attitudes and the Epidemiology of Inflation Expectations | PDF, 0.62 MB
7th May 12-13.30 Pigou Neeltje van Horen De Nederlandsche Bank When arm's lenght is too far. Relationship banking over the business cycle | PDF, 1.13 MB
14th May 12-13.30 Schmoller Paulo Rodrigues Banco de Portugal Persistence in the Banking Industry: Fractional integration and breaks in memory | PDF, 0.73 MB
21th May 12-13.30 Schmoller Jean-Marie Dufour McGill University Practical methods for modelling weak VARMA processes: identification, estimation and specification with a macroeconomic application | PDF, 308.33 KB
28th May 12-13.30 Schmoller Boriss Siliverstovs KOF Swiss Economic Institute, ETH Zurich The KOF Economic Barometer, Version 2014: A Composite Leading Indicator for the Swiss Business Cycle
4th Jun 12-13.30 Schmoller Tommaso Proietti University of Rome

Generalised Linear Cepstral Models for the Spectrum of a Time Series | PDF, 226.09 KB

11th Jun 12-13.30 Schmoller Fabian Eser European Central Bank Assessing asset purchases within the ECB's Securities Markets Programme
18th Jun 12-13.30 Schmoller Andreas Pick Erasmus University of Rotterdam  

Optimal forecasts from Markov switching models and the effect of uncertain break dates | PDF, 0.82 MB

25th Jun 12-13.30 Pigou Lutz Kilian University of Michigan Do Oil Price Increases Cause Higher Food Prices?
1st Jul 15-16.30 Pigou

Robert Kollmann

and Werner Roeger

Université Libre de Bruxelles What Drives the German Current Account? And How Does it Affect Other EU Member States?
9th Jul 12-13.30 Schmoller  Makram El-Shagi IWH / California State University A Counterfactual Analysis of Real Effective Exchange Rates During the Euro Era
16th Jul 12-13.30 Schmoller Almuth Scholl University of Konstanz Sovereign Debt Crises and Political Turnovers

Winter 2013/14


Sept  25th 12-13.30 Schmoller Katheryn Russ University of California, Davis Understanding Markups in the Open Economy
Oct 2nd 13.30-15 Dulles Kartik Anand (cancelled) Bank of Canada The Safety of Government Bonds
Oct      9th 12-13.30 Pigou Alexander Meyer-Gohde Humboldt-Universität zu Berlin Generalized Model Uncertainty and Production-Based Asset Pricing
12-13.30 Schmoller Juan J. Dolado Universidad Carlos III de Madrid The Effects of Global Shocks on Small Commodity-Exporting Economies: Lessons from Canada
12-13.30 Dulles --- --- ---
12-13.30  Schmoller Tijmen R. Dani¸ls De Nederlandsche Bank Funding Risk and the Increase in Collateralized Lending
12-13.30  Schmoller  Reto Föllmi Universität St. Gallen Globalization and Productivity in the Developing World
12-13.30  Schmoller Rolf Scheufele Schweizerische Nationalbank Business Tendency Surveys and Macroeconomic Fluctuations
12-13.30  Pigou Philipp Engler Freie Universität Berlin Fiscal Devaluation in a Monetary Union
12-13.30  Schmoller Luca Fanelli University of Bologna Frequentist evaluation of small DSGE models
12-13.30  Schmoller Tomasz Wozniak University of Melbourne Variational Bayes Methods for Large Vector Autoregressions
12-13.30  Schmoller Beatriz de Blas Universidad Autónoma de Madrid Optimal state-contingent public-sector prices in a currency union
12-13.30  Schmoller Vladimir Kuzin Deutsche Bundesbank The Mittelstand Miracle: A Decade of Growth without Credit?
 -- Christmas break --
12-13.30 Schmoller Timo Teräsvirta CREATES Aarhus Specification, Estimation and Evaluation of Vector Smooth Transition Autoregressive Models with Applications
12-13.30  Schmoller Gebhard Kirchgässner Universität St. Gallen Information and/or Ideology?
On the Political Economy of Scientific Policy Advice
12-13.30  Schmoller Ulrike Neyer Universität Düsseldorf Monetary Policy, Frictions in the Interbank Market and Aggregate Loan Supply
12-13.30  Schmoller Cédric Tille The Graduate Institute Geneva Currency Crises in Reverse: Do Large Real Exchange Rate Appreciations Matter for Growth?
12-13.30  Schmoller Christoph Trebesch LMU München ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds
12-13.30  Schmoller  Sören Radde European Central Bank (ECB) Government bond liquidity and sovereign-bank interlinkages

Summer 2013

Date Time Room Speaker Affiliation Title
10th Apr 12-13.30  Pigou Michael Evers Universität Bonn Solving nonlinear rational expectations models by approximating the stochastic equilibrium system
17th Apr 12-13.30 Schmoller  Sandra Eickmeier Deutsche Bundesbank Time variation in macro-financial linkages
24th Apr 12-13.30 Schmoller Wei Cui Princeton University Search-based endogenous liquidity
1st May  --  --  --  --  --
8th May 12-13.30 Schmoller Beatrice Farkas DIW Berlin Appropriate technology, human capital, and development accounting
15th May 12-13.30 Schmoller Lutz Kilian University of Michigan Inference on impulse response functions in structural VAR models
22th May 12-13.30 Schmoller Lukas Menkhoff Universität Hannover Currency risk premia and macro fundamentals
29th May 12-13.30 Friedensburg Katarina Juselius University of Copenhagen Balance sheet recessions and time-varying coefficients in a Phillips curve relationship: An application to Finnish data
5th June 12-13.30 Pigou Christian von Weizsäcker MPI for Research on Collective Goods The end of capital scarcity: macro-economic consequences
12th Jun Begrüßungsvortrag für Bundesbank-Gastprofessor Dirk Krüger (University of Pennsylvania) 12-14h an der FU Berlin (Link)
19th Jun Gastvortrag des neuen DIW Präsidenten Marcel Fratzscher um 17:15 Uhr an der FU Berlin (Link)
26th Jun No presentation due to the GC-Workshop
3rd Jul 12-13.30 Schmoller Harald Uhlig University of Chicago Measuring the dynamic effects of monetary policy shocks: a bayesian FAVAR approach with sign restriction | PDF, 2.18 MB
       Gastbeitrag von Harald Uhlig in der FAZ: Eine Lektion zur Europäischen Zentralbank
10th Jul 12-13.30 Schmoller Christoph Görtz University of Birmingham Sector Specific News Shocks in Aggregate and Sectoral Fluctuations

Winter 2012/13

 Date Time Room Speaker Institute Title

Oct 17th  12-13.30  Schmoller Søren Johansen University of Copenhagen Likelihood inference for a fractionally cointegrated vector autoregressive model
Oct 31st  12-13.30  Schmoller Anna Staszewska-Bystrova Universität Lodz A simple method for constructing joint confidence bands for impulse response functions
Nov 7th  12-13.30  Friedensburg Florian Buck LMU München The regulator's trade-off: Bank supervision vs. minimum capital
Nov 21st  12-13.30  Schmoller Pentti Saikkonen University of Helsinki A Gaussian mixture autoregressive model for univariate time series
Nov 28th  12-13.30  Schmoller Wilko Bolt De Nederlandsche Bank A frontier measure of US banking competition
Dec 5th  12-13.30  Schmoller Jin Cao Norges Bank Central banking and financial stability
 -- Christmas break --
Jan 9th  13.30-15.00  Schmoller Katharina Pijnenburg DIW Berlin The spatial dimension of U.S. house price developments
Jan 16th  12-13.30  Schmoller Jörg Breitung Universität Bonn Forecasting inflation rates using daily data: A nonparametric MIDAS approach
Jan 23rd  12-13.30  Schmoller Peter Tillmann Universität Giessen The changing dynamics of US inflation persistence: A quantile regression approach
Jan 30th  12-13.30  Schmoller Gernot Müller Universität Bonn Can fiscal austerity be self-defeating?
Feb 6th  12-13.30  Schmoller Adam Gulan Bank of Finland Interest rates and business cycles in emerging economies: The role of financial frictions
Feb 13th  12-13.30  Schmoller Markku Lanne University of Helsinki Testing for linear and nonlinear predictability of stock returns

Summer 2012

Date Time RoomSpeaker                InstituteTitle

April 12th  10.15-11.45 Dulles Oscar Jorda UC Davis When credit bites back: Leverage, business cycles, and crises
April 26th  12.15-13.45 4.3.014 Kerstin Bernoth DIW Berlin Futures premium regressions and a latent factor day by day
May  3rd  12.15-13.45 Friedensburg Philipp König TU Berlin Target2 and the European sovereign debt crisis
June 7th  12.15-13.45 Pigou Imke Brüggemann-Borck DIW Berlin IMM - Internationales Makroökonomisches Modell
June 14th  12.15-13.45 Friedensburg Boriss Siliverstovs KOF ETH Keeping a finger on the pulse of the economy: Nowcasting Swiss GDP in real-time squared
June 22nd  12.15-13.45 Pigou Christoph Thoenissen Victoria University of Wellington Financial frictions and the role of investment specific technology shocks in the business cycle
July 5th  13.15-14.45 Friedensburg Hendrik Hagedorn DIW Berlin An agent-based model of Austrian economics
July 19th  12.15-13.45 Friedensburg Christoffer Koch Federal Reserve Bank of Dallas Quantifying the effects of deposit deregulation on monetary policy transmission on credit: Bank level evidence from half a century

Winter 2011/12

Date Time RoomSpeaker                InstituteTitle

18.10  15.00-16.30 Friedensburg Paul Viefers DIW Berlin Bayesian Inference for the Mixed-Frequency VAR Model
02.11  12.15-13.45 Friedensburg Julian Schumacher Hertie School of Governance Sovereign Risk and Secondary Market Liquidity
16.11  12.15-13.45 Friedensburg Marlene Karl DIW Berlin The Risk-Taking Channel of Monetary Policy: Evidence from US Commercial Banks
23.11  12.15-13.45 Friedensburg Christoph Große Steffen DIW Berlin Business Cycles and Financial Intermediation in Emerging Economies
30.11  12.15-13.45 Friedensburg Sören Radde DIW Berlin Liquidity, Banking, and Macroeconomic Fluctuations
14.12  13.15-14.45 Friedensburg Hendrik Hagedorn DIW Berlin An Agent-Based and Accounting-Based Approach to Austrian Macroeconomics
-----------------------------------------      Christmas holidays      -----------------------------------------------
19.01  13.00-14.30 Schumpeter John Lewis Bank of England How have market views on the sustainability of fiscal burdens influenced monetary authorities' credibility?
01.03  12.15-13.45 Friedensburg Svetlana Ledyaeva Aalto University School of Economics Round-trip versus genuine foreign investment in Russia