October 2015 - NOeG-l - Wirtschaftsuniversität Wien

REMINDER Invitation: Vienna Joint Economics Seminar (Oct 15): Monica Martinez-Bravo and Andriy Zapechelnyuk
by Economics Department 13 Oct '15

13 Oct '15

[cid:image002.png@01CEBF6B.D0B28790] VIENNA JOINT ECONOMICS SEMINAR INVITATION R E M I N D E R The University of Vienna and the Department of Economics and Finance at the Institute for Advanced Studies cordially invite you to the following Vienna Joint Economics Seminar <http://www.ihs.ac.at/vienna/resources/Economics/Papers/20130226_Paper_Zimme…> Thursday, October 15, 2015 Attention - New Address Institute for Advanced Studies Josefstädter Straße 39, 1080 Vienna Lecture Room E02, ground floor 4:00 pm Monica Martinez-Bravo<http://www.cemfi.es/~martinez-bravo/mmb/Home.html> and Andriy Zapechelnyuk<http://www.gla.ac.uk/schools/business/staff/andriyzapechelnyuk/> CEMFI U Glasgow An Empirical Investigation of the Legacies of Non-Democratic Regimes: The Case of Suharto's Mayors in Indonesia ( Monica Martinez-Bravo) Abstract: A large theoretical literature argues that the legacies of non-democratic regimes can affect the quality of governance in new democracies. However, the empirical evidence on the effects of these legacies is scarce. In this paper, we exploit a natural experiment that took place in the Indonesian democratic transition: the mayors of the Soeharto regime were allowed to finish their five year terms before being replaced by new leaders. Since mayors' political cycles were not synchronised, this event generated exogenous variation on how long the agents of the old regime remained in their position and, hence, on the degree of control that they exerted during the democratic transition. The results suggest that districts that had an old-regime mayor for longer exhibit worse governance outcomes and tend to vote more for Soeharto's party. These effects persist several years after the old-regime mayors are no longer in office. The results are consistent with the hypothesis that slower transitions towards democracy allow the old-regime elites to find ways to capture democracy in the medium and long run. (paper jointly with Priya Mukherjee) Persuading a Heterogeneous Audience (Andriy Zapechelnyuk) Abstract: We study Bayesian persuasion of a heterogeneous and privately informed audience. An example is a competitive market for a good with negative consumption externalities (e.g., cigarettes) in which a benevolent government can design an educational campaign about a payoff-relevant characteristic (e.g., the health risks of smoking). We allow for targeted persuasion in which the government can provide different information to different consumers and public persuasion in which all consumers are exposed to the same information. We establish equivalence of targeted and public persuasion, characterize optimal persuasion rules, and consider several applications. (paper jointly with Anton Kolotilin, Ming Li and Tymofiy Mylovanov) We are looking forward to seeing you! Institute for Advanced Studies Department of Economics and Finance Josefstädter Straße 39, 1080 Vienna, Austria Tel.: +43 1 599 91 145 e-Mail: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at> http://economics.ihs.ac.at<http://economics.ihs.ac.at/> LINKS DIRECTIONS TO IHS on Google maps<https://www.google.at/maps/place/Josefst%C3%A4dter+Str.+39,+1080+Wien/@48.2…> VIENNA JOINT ECONOMICS SEMINAR<https://www.google.com/calendar/embed?src=pjgnue7cg8r0m0up9v27riruic%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=pjgnue7cg8r0m0up9v27riruic%40grou…> ECONOMICS SEMINARS <https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> IN VIENNA<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> [cid:image003.jpg@01CEBF6B.D0B28790]<http://economics.ihs.ac.at/> [cid:image004.jpg@01CEBF6B.D0B28790]<http://econ.univie.ac.at/home/> [http://www.ihs.ac.at/vienna/resources/Economics/Others/FB-f-Logo__blue_512.…]<https://www.facebook.com/IHS.Economics.and.Finance> [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…] <https://twitter.com/IHS_Eco_Fin> [http://www.ihs.ac.at/vienna/resources/Economics/Others/feed-icon-28x28.png] <http://www.facebook.com/feeds/page.php?id=177236688990366&format=atom10> Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107. Sollten Sie keine weiteren Zusendungen wuenschen, senden Sie uns bitte eine kurze Mitteilung an: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. If you do not want to receive our mailings please send an e-mail to: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. Also sent to noeg-l(a)wu.ac.at<mailto:noeg-l@wu.ac.at> (https://mailman.wu.ac.at/mailman/listinfo/noeg-l)

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FIW News: Einladung zur 18. AW-Vorlesung ,FIW Working Papers veröffentlicht
by fiw-pb 12 Oct '15

12 Oct '15

[FIW_Logo_de_en] Please scroll down for the English version Sehr geehrte Damen und Herren wir freuen uns, Sie über die neuesten Entwicklungen des FIW-Projekts informieren zu dürfen. Dieses Mal mit folgendem Inhalt: · Einladung zur 18. AW-Vorlesung am 30.10. 2015 · Neue FIW Working Paper veröffentlicht Einladung zur 18. AW-Vorlesung am 30.10. 2015 E I N L A D U N G 18. AW-Vorlesung Freitag, 30. Oktober 2015 Prof. Gabriel Felbermayr, Ph.D. (IFO, LMU); Univ.-Prof. Dr. Harald Oberhofer (WU/WIFO) "20 Jahre Österreich in der EU − Handelseffekte, Herausforderungen und Optionen" Begrüßung: Sektionschefin Mag. Bernadette Gierlinger (BMWFW) Kommentare: Univ.-Prof. Mag. Dr. Fritz Breuss (FIW, WIFO, WU) Diskussionsleitung: Dr. Manfred Schekulin (BMWFW) Literatur: Studie "20 Jahre Österreich in der Europäischen Union – Herausforderungen und Optionen für die Zukunft"; Gabriel Felbermayr (ifo & LMU München); Wilhelm Kohler (IAW & Universität Tübingen) et al.; Wien; August 2015; FIW-Policy Brief Nr. 28 (Oktober 2015) Zeit: 9:15 Uhr (pünktlich) bis 10:30 Uhr Ort: Wirtschaftsministerium, Stubenring 1, 1010 Wien, 5. Stock, Pressezentrum AW-Vorlesungen ist eine Veranstaltungsreihe, bei der politikrelevante aktuelle Forschungsergebnisse aus dem Bereich internationale Wirtschaft praxisnah präsentiert und diskutiert werden. Für Kaffee ist gesorgt …. Anmeldung erforderlich unter: http://www.fiw.ac.at/index.php?id=833#13769 Neue FIW Working Paper veröffentlicht Die FIW Working Papers Nr. 159 & Nr. 16ß wurden veröffentlicht und stehenzum freien Download zur Verfügung: http://www.fiw.ac.at/index.php?id=797&L=0 FIW Working Paper Nr. 158, Izabela Sobiech: „Remittances, finance and growth: does financial development foster remittances and their impact on economic growth” Abstract: In this paper, I measure the importance of remittances and financial development for developing countries. I estimate an index of overall financial conditions and use it to determine the relevance of the financial sector as a transmission channel for remittances to affect economic growth. The index brings together information from existing measures, reflecting size, depth and efficiency of the financial sector. It is created by means of an unobserved components model. I show that the more financial development in a country, the smaller becomes the impact of remittances on economic growth and it can even turn negative. For countries with weaker financial markets there is a positive effect, but significant only at the earliest stages of financial development. The effect becomes negative in the third quartile of financial development. These results hold irrespective of the measure of financial development included, but are most profound in case of the created index. This means that estimates based on proxies might be slightly biased. I also show that countries with both low levels of remittances and financial development should first focus on developing the latter, while migrants' transfers become important for growth if the country has a moderate level of financial development. JEL: F24, O11, O15 and O16 Keywords: remittances, economic growth, financial development, unobserved components model, dynamic panel data analysis FIW Working Paper Nr. 159, Veronika Hecht: „Location choice of German multinationals in the Czech Republic. The importance of agglomeration economies” Abstract: This paper analyses the location choice of German investors in the Czech Republic based on a unique dataset covering all Czech companies with a German equity holder in 2010. The identification of the regional determinants of foreign direct investment (FDI) location is an important regional policy issue as FDI is supposed to improve the labour market conditions of the host region. Using a nested logit approach the impact of agglomeration economies, labour market conditions and distance on the location choice decision is investigated. The main result of the paper is that apart from a low distance to the location of the parent company the attractiveness of a Czech district for German investors is mainly driven by agglomeration economies. Besides localisation economies the agglomeration of German companies in a region plays a decisive role. The importance of labour market characteristics differs between investment sectors, sizes and periods. JEL: F24, R12, R30 Keywords: Location choice, FDI, Multinational enterprises, Germany, Czech Republic, Agglomeration Economies Mit freundlichen Grüßen Alexander Hudetz (FIW – Projektbüro) Es entspricht nicht unserer Philosophie Ihnen unerwünschte E-Mails zukommen zu lassen. Falls Sie keine weiteren E-Mails vom FIW erhalten möchten, schreiben Sie bitte an das Projektbüro<mailto:fiw-pb@fiw.at> mit dem Betreff "Abmelden". __________________________________ Das Kompetenzzentrum FIW (http://www.fiw.ac.at/) ist ein Projekt von WIFO, wiiw und WSR im Auftrag des BMWFW. Die Kooperationsvereinbarungen des FIW mit der Wirtschaftsuniversität Wien, der Universität Wien und der Johannes Kepler Universität Linz werden aus Hochschulraumstrukturmitteln gefördert. Dear Sir or Madam, we are pleased to inform you about the latest news of the FIW project. In this issue: · Invitation: 18th AW-Lecture on October 30th, 2015 · New FIW Working Papers published Invitation: 18th AW-Lecture on October 30th, 2015 E I N L A D U N G 18. AW-Vorlesung Freitag, 30. Oktober 2015 Prof. Gabriel Felbermayr, Ph.D. (IFO, LMU); Univ.-Prof. Dr. Harald Oberhofer (WU/WIFO) "20 Jahre Österreich in der EU − Handelseffekte, Herausforderungen und Optionen" Begrüßung: Sektionschefin Mag. Bernadette Gierlinger (BMWFW) Kommentare: Univ.-Prof. Mag. Dr. Fritz Breuss (FIW, WIFO, WU) Diskussionsleitung: Dr. Manfred Schekulin (BMWFW) Literatur: Studie "20 Jahre Österreich in der Europäischen Union – Herausforderungen und Optionen für die Zukunft"; Gabriel Felbermayr (ifo & LMU München); Wilhelm Kohler (IAW & Universität Tübingen) et al.; Wien; August 2015; FIW-Policy Brief Nr. 28 (Oktober 2015) Zeit: 9:15 Uhr (pünktlich) bis 10:30 Uhr Ort: Wirtschaftsministerium, Stubenring 1, 1010 Wien, 5. Stock, Pressezentrum AW-Vorlesungen ist eine Veranstaltungsreihe, bei der politikrelevante aktuelle Forschungsergebnisse aus dem Bereich internationale Wirtschaft praxisnah präsentiert und diskutiert werden. Für Kaffee ist gesorgt …. Anmeldung erforderlich unter: http://www.fiw.ac.at/index.php?id=833#13769 New FIW Working Papers published The FIW Working Papers No. 158 & No. 159 wurden veröffentlicht und stehenzum freien Download zur Verfügung: http://www.fiw.ac.at/index.php?id=797&L=3 FIW Working Paper Nr. 158, Izabela Sobiech: „Remittances, finance and growth: does financial development foster remittances and their impact on economic growth” Abstract: In this paper, I measure the importance of remittances and financial development for developing countries. I estimate an index of overall financial conditions and use it to determine the relevance of the financial sector as a transmission channel for remittances to affect economic growth. The index brings together information from existing measures, reflecting size, depth and efficiency of the financial sector. It is created by means of an unobserved components model. I show that the more financial development in a country, the smaller becomes the impact of remittances on economic growth and it can even turn negative. For countries with weaker financial markets there is a positive effect, but significant only at the earliest stages of financial development. The effect becomes negative in the third quartile of financial development. These results hold irrespective of the measure of financial development included, but are most profound in case of the created index. This means that estimates based on proxies might be slightly biased. I also show that countries with both low levels of remittances and financial development should first focus on developing the latter, while migrants' transfers become important for growth if the country has a moderate level of financial development. JEL: F24, O11, O15 and O16 Keywords: remittances, economic growth, financial development, unobserved components model, dynamic panel data analysis FIW Working Paper Nr. 159, Veronika Hecht: „Location choice of German multinationals in the Czech Republic. The importance of agglomeration economies” Abstract: This paper analyses the location choice of German investors in the Czech Republic based on a unique dataset covering all Czech companies with a German equity holder in 2010. The identification of the regional determinants of foreign direct investment (FDI) location is an important regional policy issue as FDI is supposed to improve the labour market conditions of the host region. Using a nested logit approach the impact of agglomeration economies, labour market conditions and distance on the location choice decision is investigated. The main result of the paper is that apart from a low distance to the location of the parent company the attractiveness of a Czech district for German investors is mainly driven by agglomeration economies. Besides localisation economies the agglomeration of German companies in a region plays a decisive role. The importance of labour market characteristics differs between investment sectors, sizes and periods. JEL: F24, R12, R30 Keywords: Location choice, FDI, Multinational enterprises, Germany, Czech Republic, Agglomeration Economies Kind regards, Alexander Hudetz (FIW Project Office) _____________________________________________________ The ‘center of excellence’ FIW (http://www.fiw.ac.at/) is a project of WIFO, wiiw and WSR on behalf of the BMWFW. The FIW cooperation with the Vienna University of Economics and Business (WU), the University Vienna and the Johannes Kepler University Linz is supported by the former Federal Ministry of Science and Research (now integrated in the Federal Ministry of Science, Research and Economy).

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WU Economic Research Seminar, 14.10.2015, Ralph Bayer (University of Adelaide)
by Tondl, Gabriele 09 Oct '15

09 Oct '15

Dear colleagues, The Department of Economics cordially invites you to the Economic Research Seminar (Department Seminar) on Wednesday, October 14, with Ralph Bayer (University of Adelaide) on "Does the double dividend of relative auditing exist? Experiments on corporate-tax enforcement" Place and time: Wednesday, October 14, 4.30 - 6 p.m., Campus WU, Welthandelsplatz 1, 1020 Vienna, building D4, 2nd floor, Department meeting room 2.008. With best regards, Gabriele Tondl a.o. Univ.Prof.Dr. Gabriele Tondl Institute for International Economics Department of Economics WU Vienna University of Economics and Business Welthandelsplatz 1 A-1020 Vienna, Austria

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Stellenausschreibung - Senior Researcher/Social Policy Analyst
by Katrin Gasior 09 Oct '15

09 Oct '15

Sehr geehrte Damen und Herren, Das Europäische Zentrum für Wohlfahrtspolitik und Sozialforschung hat die Stelle eines „Senior Researcher/Social Policy Analyst with specialisation in labour market“ ausgeschrieben. Nähere Informationen finden Sie hier: http://www.euro.centre.org/data/1444220329_25688.pdf <http://www.euro.centre.org/data/1444220329_25688.pdf> Herzliche Grüße Katrin Gasior *-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-* MMag.ª Katrin Gasior European Centre for Social Welfare Policy and Research Berggasse 17, 1090 Vienna (Austria) Tel. +43-1-319 45 05-18 eMail: gasior(a)euro.centre.org http://www.euro.centre.org !!! Please consider the environment before printing this email !!!

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Invitation: SUERF Conference on "Banking Reform" hosted by EY, 3 December 2015 London
by Gnan, Ernest 08 Oct '15

08 Oct '15

[Suerf]<http://www.suerf.org/> Conference Invitation www.suerf.org<http://www.suerf.org> SUERF Conference / hosted by EY Banking Reform 3 December 2015 Venue: EY, 1 More London Place, London SE1 2AF Dear SUERF Member, We have the pleasure of inviting you to participate in the upcoming SUERF Conference on Banking Reform<http://www.suerf.org/london2015>, which will be held in London on 3 December 2015. The conference will be hosted by EY (Ernst & Young). Confirmed speakers and panellists: Sir Howard Davies, Dame Colette Bowe, Harald Benink, Andrew Bailey, Anthony Thompson, Richard Portes, Thorsten Beck, Charles Goodhart, Michael Power, Roger Steare. The 2015 SUERF Annual Lecture<http://www.suerf.org/annual-lectures> will be delivered by Professor David Miles, Imperial College London and former Member of the Monetary Policy Committee at the Bank of England. Conference registration: Participation is free of charge, but advanced online registration is required at http://www.suerf.org/london2015. We recommend early registration, since only a limited number of places will be available. If you have any questions, please contact suerf(a)oenb.at<mailto:suerf@oenb.at>, Tel +43 1 40420 7206. We look forward to welcoming you in London, and to sharing inspiring discussions and networking opportunities. Yours sincerely, SUERF Secretariat SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna Tel: +43 1 40420 7216 - Fax to PDF: +43 1 40420 04 7298 e-mail: suerf(a)oenb.at<mailto:suerf@oenb.at> - www: www.suerf.org <http://www.suerf.org/> You are receiving this e-mail, because your e-mail address is registered to SUERF for information, or you already are a Member of SUERF. If you do not want to receive our mailings please send an e-mail to: suerf(a)oenb.at<mailto:suerf@oenb.at>.

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Invitation: Econometrics Research Seminar (October 15): Giovanni Mellace
by Economics Department 08 Oct '15

08 Oct '15

[cid:image002.png@01D101D4.10119FA0] ECONOMETRICS RESEARCH SEMINAR INVITATION The Department of Economics and Finance at the Institute for Advanced Studies cordially invites you to the following Econometrics Research Seminar <http://www.ihs.ac.at/vienna/resources/Economics/Papers/20130226_Paper_Zimme…> Thursday, October 15, 2015 Attention - New Address Institute for Advanced Studies Josefstädter Straße 39, 1080 Vienna Lecture Room E02, ground floor 9:00 am (Please note that the seminar will start at 9 am sharp!) Giovanni Mellace<https://sites.google.com/site/giovannimellace/> University of Southern Denmark Title: tba We are looking forward to seeing you! Institute for Advanced Studies Department of Economics and Finance Josefstädter Straße 39, 1080 Vienna, Austria Tel.: +43 1 599 91 145 e-Mail: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at> http://economics.ihs.ac.at<http://economics.ihs.ac.at/> LINKS DIRECTIONS TO IHS on Google maps<https://www.google.at/maps/place/Institut+f%C3%BCr+H%C3%B6here+Studien/@48.…> ECONOMICS SEMINARS <https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> IN VIENNA<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> [cid:image004.jpg@01CEBF6B.00DB9700]<http://economics.ihs.ac.at/> [http://www.ihs.ac.at/vienna/resources/Economics/Others/FB-f-Logo__blue_512.…]<https://www.facebook.com/IHS.Economics.and.Finance>IHS Department of Economics and Finance<https://www.facebook.com/IHS.Economics.and.Finance> [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…]<https://twitter.com/IHS_Eco_Fin>Dept of Economics and Finance @IHS_Eco_Fin<https://twitter.com/IHS_Eco_Fin> [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…]<https://twitter.com/IHS_Vienna>Institute for Advanced Studies @IHS_Vienna<https://twitter.com/IHS_Vienna> Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107. Sollten Sie keine weiteren Zusendungen wuenschen, senden Sie uns bitte eine kurze Mitteilung an: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. If you do not want to receive our mailings please send an e-mail to: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. Also sent to noeg-l(a)wu.ac.at<mailto:noeg-l@wu.ac.at> (https://mailman.wu.ac.at/mailman/listinfo/noeg-l)

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Invitation: Vienna Joint Economics Seminar (Oct 15): Monica Martinez-Bravo and Andriy Zapechelnyuk
by Economics Department 08 Oct '15

08 Oct '15

[cid:image002.png@01CEBF6B.D0B28790] VIENNA JOINT ECONOMICS SEMINAR INVITATION The University of Vienna and the Department of Economics and Finance at the Institute for Advanced Studies cordially invite you to the following Vienna Joint Economics Seminar <http://www.ihs.ac.at/vienna/resources/Economics/Papers/20130226_Paper_Zimme…> Thursday, October 15, 2015 Attention - New Address Institute for Advanced Studies Josefstädter Straße 39, 1080 Vienna Lecture Room E02, ground floor 4:00 pm Monica Martinez-Bravo<http://www.cemfi.es/~martinez-bravo/mmb/Home.html> and Andriy Zapechelnyuk<http://www.gla.ac.uk/schools/business/staff/andriyzapechelnyuk/> CEMFI U Glasgow An Empirical Investigation of the Legacies of Non-Democratic Regimes: The Case of Suharto's Mayors in Indonesia ( Monica Martinez-Bravo) Abstract: A large theoretical literature argues that the legacies of non-democratic regimes can affect the quality of governance in new democracies. However, the empirical evidence on the effects of these legacies is scarce. In this paper, we exploit a natural experiment that took place in the Indonesian democratic transition: the mayors of the Soeharto regime were allowed to finish their five year terms before being replaced by new leaders. Since mayors' political cycles were not synchronised, this event generated exogenous variation on how long the agents of the old regime remained in their position and, hence, on the degree of control that they exerted during the democratic transition. The results suggest that districts that had an old-regime mayor for longer exhibit worse governance outcomes and tend to vote more for Soeharto's party. These effects persist several years after the old-regime mayors are no longer in office. The results are consistent with the hypothesis that slower transitions towards democracy allow the old-regime elites to find ways to capture democracy in the medium and long run. (paper jointly with Priya Mukherjee) Persuading a Heterogeneous Audience (Andriy Zapechelnyuk) Abstract: We study Bayesian persuasion of a heterogeneous and privately informed audience. An example is a competitive market for a good with negative consumption externalities (e.g., cigarettes) in which a benevolent government can design an educational campaign about a payoff-relevant characteristic (e.g., the health risks of smoking). We allow for targeted persuasion in which the government can provide different information to different consumers and public persuasion in which all consumers are exposed to the same information. We establish equivalence of targeted and public persuasion, characterize optimal persuasion rules, and consider several applications. (paper jointly with Anton Kolotilin, Ming Li and Tymofiy Mylovanov) We are looking forward to seeing you! Institute for Advanced Studies Department of Economics and Finance Josefstädter Straße 39, 1080 Vienna, Austria Tel.: +43 1 599 91 145 e-Mail: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at> http://economics.ihs.ac.at<http://economics.ihs.ac.at/> LINKS DIRECTIONS TO IHS on Google maps<https://www.google.at/maps/place/Josefst%C3%A4dter+Str.+39,+1080+Wien/@48.2…> VIENNA JOINT ECONOMICS SEMINAR<https://www.google.com/calendar/embed?src=pjgnue7cg8r0m0up9v27riruic%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=pjgnue7cg8r0m0up9v27riruic%40grou…> ECONOMICS SEMINARS <https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> IN VIENNA<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> [cid:image003.jpg@01CEBF6B.D0B28790]<http://economics.ihs.ac.at/> [cid:image004.jpg@01CEBF6B.D0B28790]<http://econ.univie.ac.at/home/> [http://www.ihs.ac.at/vienna/resources/Economics/Others/FB-f-Logo__blue_512.…]<https://www.facebook.com/IHS.Economics.and.Finance> [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…] <https://twitter.com/IHS_Eco_Fin> [http://www.ihs.ac.at/vienna/resources/Economics/Others/feed-icon-28x28.png] <http://www.facebook.com/feeds/page.php?id=177236688990366&format=atom10> Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107. Sollten Sie keine weiteren Zusendungen wuenschen, senden Sie uns bitte eine kurze Mitteilung an: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. If you do not want to receive our mailings please send an e-mail to: economics(a)ihs.ac.at<mailto:economics@ihs.ac.at>. Also sent to noeg-l(a)wu.ac.at<mailto:noeg-l@wu.ac.at> (https://mailman.wu.ac.at/mailman/listinfo/noeg-l)

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wiiw-FIW-Seminar in International Economics, 29 October 2015
by wiiw WIENER INSTITUT 08 Oct '15

08 Oct '15

Dear Colleague, We cordially invite you to the wiiw-FIW-Seminar in International Economics on Thursday, October 29th, 4 pm wiiw, Rahlgasse 3, 1060 Vienna, Library (2nd floor) Where does the surplus go? Disentangling the capital-labor distributive conflict Dario Guarascio (with V. Cirillo and F. Bogliacino) Sapienza University of Rome Abstract The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification strategy relies on the sequential nature of wage setting and profits realization, in line with theoretical insights from the range theory of wages (postulating rents sharing at the shop floor level) and the principle of effective demand. In particular we focus on the role of technology and offshoring as instruments to create surplus and to shape the bargaining power of the parties involved in wage setting, and on different sources of demand as heterogeneous determinants of profits realization. The empirical analysis is performed on a panel of 38 manufacturing and service sectors over four time periods from 1995 to 2010, covering Germany, France, Italy, Spain, and United Kingdom. The contrasting effects of R&D and offshoring emerge as determinants of wages. Investment and internal demands are key variables in the realization of profits. When we look at the heterogeneity of the effects we see three main stylized facts. First of all, distinguishing for technological domain using Pavitt classes we can see that rents are effectively related with upgraded industries. Secondly, when we distinguish for the degree of openness we can see that, again, rents are mainly shared in open industries. Finally, when we disentangle the effect on wages per skill level, it is possible to confirm the intuition that offshoring hits the medium-low skill categories. Keywords: rent; surplus; distribution; inequality; offshoring; R&D JEL Classification: O33, F15, J31 After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks. This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a center of excellence in research on International Economics, funded by the Austrian Ministry of Science, Research and Economy (BMWFW). The seminar programme is regularly updated. Please visit our website for the current version of the programme at: http://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html http://www.fiw.ac.at/index.php?id=748 (Papers and presentation slides, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.) Best regards Julia Grübler Organizer -- Michaela Bönisch Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) The Vienna Institute for International Economic Studies Rahlgasse 3, A-1060 Wien T: +43 1 533 66 10 - 40 F: +43 1 533 66 10 - 50 boenisch(a)wiiw.ac.at http://www.wiiw.ac.at/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you do not want to receive further mailings please send an e-mail to boenisch(a)wiiw.ac.at Falls Sie keine weiteren Zusendungen des wiiw wünschen senden Sie bitte ein E-Mail an boenisch(a)wiiw.ac.at

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SUERF Conference Invitation: - "Cash on Trial" - 5 November 2015, Zurich
by Gnan, Ernest 07 Oct '15

07 Oct '15

Dear Colleagues, SUERF - The European Money and Finance Forum - has the pleasure of inviting you to the "Cash on Trial" Conference, on Thursday, 5 November 2015 in Zurich, Switzerland. Motivation: Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states' power to tax (explicitly or via negative interest rates) or to survey and potentially control their citizens. Several states have enacted restrictions to the use of hard cash. Above all, a strong new competitor to cash has arisen in the form of various electronic means of payment. Are we heading towards a society in which "coined freedom" (Dostojewski) will cease to exist? Confirmed Speakers: Peter Sloterdijk, William H. Buiter, Friedrich Schneider, Jean-Charles Rochet, Aleksander Berentsen, David Llewellyn, Harry Leinonen, Malte Krüger, Nicole Jonker, Nikos Passas, Paolo Tasca. Online conference registration - is available at www.suerf.org/zurich 2015<http://www.suerf.org/zurich%202015>. Best regards, Ernest Gnan ---------------------------------------------------- SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna Tel: +43 1 40420 7216 - Fax to PDF: +43 1 40420 04 7298 e-mail: suerf(a)oenb.at<mailto:suerf@oenb.at> - www: www.suerf.org<http://www.suerf.org/>

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CGNI Workshop
by Bremberger, Francisca 07 Oct '15

07 Oct '15

Sehr geehrte Damen und Herren, im Namen des Instituts für Corporate Governance der WU möchten wir Sie zum Workshop on Corporate Governance in Network Industries einladen. Dieser wird am 29. Oktober 2015 am Campus WU stattfinden und sich thematisch an der Schnittstelle von Regulierung und Corporate Governance orientieren. Die Teilnahme an dem Workshop ist kostenlos; bei Interesse bitten wir Sie sich bis zum 15. Oktober 2015 per Email an CGNI(a)wu.ac.at<mailto:CGNI@wu.ac.at> anzumelden. Nähere Informationen finden Sie in dem beigefügten Programm und auf der Workshophomepage http://www.wu.ac.at/icg/cgni. Mit freundlichen Grüßen, Anne d'Arcy Francisca Bremberger -------------------------------------------------------- Corporate Governance in Network Industries Institute for Corporate Governance WU Vienna Welthandelsplatz 1 A-1020 Wien Tel.: ++43 1 31336 4982 Email: CGNI(a)wu.ac.at Dear Colleagues, We have the pleasure of inviting you to the Workshop on Corporate Governance in Network Industries that will take place on the 29th of October 2015 at the Campus WU. Participation is free of charge; we ask you to register via email to CGNI(a)wu.ac.at<mailto:CGNI@wu.ac.at> until the 15th of October 2015. Further details can be found in the attached program and on the workshop homepage http://www.wu.ac.at/icg/cgni. Kind regards, Anne d'Arcy Francisca Bremberger -------------------------------------------------------- Corporate Governance in Network Industries Institute for Corporate Governance WU Vienna Welthandelsplatz1 A-1020 Vienna Tel.: ++43 1 31336 4982 Email: CGNI(a)wu.ac.at

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