November 2015 - NOeG-l - Wirtschaftsuniversität Wien

Reminder: wiiw seminar "Policy Perspectives for European Integration", 30 November 2015
by wiiw WIENER INSTITUT 30 Nov '15

30 Nov '15

Dear Colleague, We cordially invite you to the next wiiw seminar 'Policy Perspectives for European Integration' on Monday, 30 November 2015, 5 pm wiiw, Vienna 6, Rahlgasse 3, lecture hall (entrance from the ground floor) The Triple Challenge for Europe: The Economy, Climate Change and Governance Jan Fagerberg Center for Technology, Innovation and Culture (TIK), University of Oslo; IKE Research Group (Department of Business and Management), Ålborg University; Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE), Lund University Abstract Europe is confronted by an intimidating triple challenge - economic stagnation, climate change, and a governance crisis. The presentation demonstrates how the three challenges are closely inter-related, and discusses how they can be dealt with more effectively in order to arrive at a more economically secure, environmentally sustainable and well-governed Europe. In particular, a return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a fundamental transformation of the economy to a new 'green' trajectory based on rapidly diminishing emission of greenhouse gases. This entails much greater emphasis on innovation in all its forms (not just technological). Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially. (Papers and Powerpoint presentations, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.) Best regards Univ.Prof.Dr. Michael Landesmann Dr. Sándor Richter Scientific Director wiiw 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

1 0

Einladung zur Vortragsreihe WIFO-Extern am 14. Dezember 2015, 13:15
by WIFO-Veranstaltungen 27 Nov '15

27 Nov '15

Um die graphische Version (HTML) dieses E-Mails zu sehen, klicken Sie auf den folgenden Link, oder kopieren Sie ihn in Ihren Browser: < http://newsletter.wifo.ac.at/sys/w.aspx?sub=iB4Cm_3lF0ZW&mid=b6e53da8 > Einladung: WIFO-Extern zum Thema "Dynamics of Access to Credit" ------------------------------------------------------------- ------------------------------------------------------------- Sehr geehrte Damen und Herren, das WIFO lädt Sie herzlich zum nächsten Termin der Vortragsreihe WIFO-Extern ein: Montag, 14. Dezember 2015, 13:15 Uhr WIFO, Kleiner Sitzungssaal Jarko Fidrmuc (Universität Friedrichshafen, CESifo), Christa Hainz (ifo Institute, CESifo) Titel: "Dynamics of Access to Credit" Kommentar: tba Abstract: We analyse the behavioural aspects of access to credit using unique firm evaluations of the lending policy in the WIFO Business Cycle Survey for the period 2011-2013. The survey data show high dynamics in credit access behind relatively stable macroeconomic trends. In particular, nearly all firms with loans had at least one period when they did not receive a loan despite they tried so. Similarly, nearly all firms with demand but no loans in a particular period had loans in a different period. Moreover, our results show that firms have a better perception of the lending policy only if they received a loan for which amount and interest rate were as expected and vice versa. Thus, access to credit in a particular period may have a relatively long-term impact on the firms' behaviour. As a result, even transitory effects, such as a liquidity shortage, may have a long-lasting impact on firms' decisions on, for example, investment or employment. Bei Interesse am Besuch dieses Vortrages schicken Sie bitte (bis einen Tag vor der Veranstaltung) eine formlose Anmeldung an veranstaltungen(a)wifo.ac.at < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&link=54Mv > , um uns die Abschätzung des Raumbedarfs zu erleichtern. Um diesen Vortrag in Ihren Kalender zu importieren, klicken Sie bitte hier < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&link=54Mt&mid=b6e5… > . Wir würden uns freuen, Sie zu diesem Vortrag am WIFO begrüßen zu dürfen! Fabian Unterlass WIFO - Österreichisches Institut für Wirtschaftsforschung Arsenal, Objekt 20 1030 Wien Tel.: +43 (1) 798 26 01-477 Fax: +43 (1) 798 93 86 Web: http://www.wifo.ac.at E-Mail: fabian.unterlass(a)wifo.ac.at © 2015 Österreichisches Institut für Wirtschaftsforschung 1030 Wien, Arsenal, Objekt 20 Impressum < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&link=54Mw > | AGB < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&link=54My > | Datenschutzerklärung < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&link=54Mx > Tel.: +43 (0) 1 798 26 01-0 Fax: + 43 (0) 1 798 93 86 E-Mail: veranstaltungen(a)wifo.ac.at ------------------------------------------------------------- Persönliche Daten ändern: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&sl=1ng&mid=b6e53da8 > ------------------------------------------------------------- Weiterleiten: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&sl=1nh&mid=b6e53da8 > ------------------------------------------------------------- Newsletter abbestellen: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=iB4Cm_3lF0ZW&sl=1nf&mid=b6e53da8 > -------------------------------------------------------------

1 0

Invitation: Vienna Joint Economics Seminar (Dec 3): Esther Hauk and Stefan Ruenzi
by Economics Department 26 Nov '15

26 Nov '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, December 3, 2015 Attention - New Address Institute for Advanced Studies Josefstädter Straße 39, 1080 Vienna Lecture Room E02, ground floor 4:00 pm Esther Hauk<http://www.iae.csic.es/investigadorPersonalAbout.php?idinvestigador=15> and Stefan Ruenzi<http://intfin.bwl.uni-mannheim.de/en/team/stefan_ruenzi/> IAE University of Mannheim Optimal Policy with Endogenous Signal Extraction (Esther Hauk) Abstract: This paper studies optimal policy in a setup with hidden information and observed signals that are endogenous to policy chosen in the same period. In this case the signal extraction problem about the state of the economy cannot be separated from the determination of the optimal policy. We derive a nonstandard first order condition of optimality from first principles and we use it to find numerical solutions. We show how available results where separation obtains arise as special cases. We use as an example an optimal fiscal policy problem. We find that the policy response can be quite non-linear, calling for tax smoothing in normal times, but for a strong fiscal adjustment during a slump that protracts the downturn. This can provide a rationale for the austerity programs followed by some European countries in the Great Recession. Applying the separation principle and a linear approximation would miss this potential non-linearity and could thus be a poor approximation to the correct solution. paper jointly with Andrea Lanteri and Albert Marcet and A Friendly Turn: Advertising Bias in the News Media<https://www.ihs.ac.at/fileadmin/public/ecofin_teaching/Seminars/20151203_Ru…> (Stefan Ruenzi) Abstract: This paper investigates whether newspapers report more favorably about advertising corporate clients than about other firms. Our identification strategy based on highdimensional fixed effects and high frequency advertising data shows that advertising leads to more positive press coverage. This advertising bias in reporting is found to be mitigated but not eliminated by newspapers' reputational concerns. Advertising bias manifests particularly in less negative reporting of a newspaper about bad news events of its advertising clients as compared to firms not advertising in this newspaper. Our findings cast doubt on the independence of the press from corporate pressure. paper jointly with with Florens Focke and Alexandra Niessen-Ruenzi 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/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)

1 0

Reminder: wiiw seminar "Policy Perspectives for European Integration", 30 November 2015
by wiiw WIENER INSTITUT 26 Nov '15

26 Nov '15

Dear Colleague, We cordially invite you to the next wiiw seminar 'Policy Perspectives for European Integration' on Monday, 30 November 2015, 5 pm wiiw, Vienna 6, Rahlgasse 3, lecture hall (entrance from the ground floor) The Triple Challenge for Europe: The Economy, Climate Change and Governance Jan Fagerberg Center for Technology, Innovation and Culture (TIK), University of Oslo; IKE Research Group (Department of Business and Management), Ålborg University; Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE), Lund University Abstract Europe is confronted by an intimidating triple challenge - economic stagnation, climate change, and a governance crisis. The presentation demonstrates how the three challenges are closely inter-related, and discusses how they can be dealt with more effectively in order to arrive at a more economically secure, environmentally sustainable and well-governed Europe. In particular, a return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a fundamental transformation of the economy to a new 'green' trajectory based on rapidly diminishing emission of greenhouse gases. This entails much greater emphasis on innovation in all its forms (not just technological). Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially. (Papers and Powerpoint presentations, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.) Best regards Univ.Prof.Dr. Michael Landesmann Dr. Sándor Richter Scientific Director wiiw 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

1 0

Stellenausschreibung an der Universität Salzburg
by Altzinger, Wilfried 26 Nov '15

26 Nov '15

Diesmal mit Ausschreibungstext! Sehr geehrte Kolleginnen und Kollegen, ab 1. März 2016 ist an der Universität Salzburg eine volkswirtschaftliche Doktorand/innenstelle zu besetzen. Ich wäre Ihnen sehr dankbar, wenn Sie beiliegenden Ausschreibungstext (Mitteilungsblatt der Universität Salzburg vom 18.11.2015) an interessierte Bewerberinnen und Bewerber weiterleiten könnten. Die Ausschreibungsfrist endet am 9. Dezember 2015. Anfragen richten Sie bitte per E-Mail an Herrn Univ.-Prof. Dr. Christoph Moser: christoph.moser(a)sbg.ac.at<mailto:christoph.moser@sbg.ac.at> Mit besten Grüßen Hannes Winner -- Hannes Winner Professor of Economics University of Salzburg Residenzplatz 9 5010 Salzburg (Austria) T +43 (0)662 8044-3703 F +43 (0)662 8044-623 E hannes.winner(a)sbg.ac.at<mailto:hannes.winner@sbg.ac.at> H www.uni-salzburg.at/sowi/winner<http://www.uni-salzburg.at/sowi/winner>

1 0

Lehrstuhl für Ökonometrie an der Uni Graz zu besetzen
by Kleinert, Joern (joern.kleinert＠uni-graz.at) 26 Nov '15

26 Nov '15

Liebe Kolleginnen und Kollegen, Ich möchte Sie auf eine offene Stelle am Institut für Volkswirtschaftslehre in Graz aufmerksam machen. Wir freuen uns, eine Professur in Ökonometrie und empirischer Wirtschaftsforschung an unserem Institut besetzen zu können. Bitte reichen Sie die Ausschreibung auch an potentielle Kandidaten weiter. Zusätzliche Informationen finden Sie noch unter: http://jobs.uni-graz.at/de/PR/17/99/2593 Mit freundlichen Grüßen, Jörn Kleinert [joern]

1 0

Stellenausschreibung an der Universität Salzburg
by Hannes Winner 26 Nov '15

26 Nov '15

Sehr geehrte Kolleginnen und Kollegen, ab 1. März 2016 ist an der Universität Salzburg eine volkswirtschaftliche Doktorand/innenstelle zu besetzen. Ich wäre Ihnen sehr dankbar, wenn Sie beiliegenden Ausschreibungstext (Mitteilungsblatt der Universität Salzburg vom 18.11.2015) an interessierte Bewerberinnen und Bewerber weiterleiten könnten. Die Ausschreibungsfrist endet am 9. Dezember 2015. Anfragen richten Sie bitte per E-Mail an Herrn Univ.-Prof. Dr. Christoph Moser: christoph.moser(a)sbg.ac.at Mit besten Grüßen Hannes Winner -- Hannes Winner Professor of Economics University of Salzburg Residenzplatz 9 5010 Salzburg (Austria) T +43 (0)662 8044-3703 F +43 (0)662 8044-623 E hannes.winner(a)sbg.ac.at H www.uni-salzburg.at/sowi/winner

1 0

FIW News: SIE with Julia Wörz; 8th FIW Research Conference 'International Economics'
by fiw-pb 25 Nov '15

25 Nov '15

[FIW_Logo_de_en] Please scroll down for the English version Sehr geehrte Damen und Herren, wir freuen uns, Sie per Newsletter über die neuesten Entwicklungen des FIW-Projekts informieren zu dürfen. Dieses Mal mit folgendem Inhalt: · Last-Minute Reminder: FIW-Seminar in International Economics mit Julia Wörz · Einladung zur 8. FIW Forschungskonferenz 'International Economics · Absage: Seminar "Open Markets Matter" FIW-Seminar in International Economics Das FIW bietet regelmäßig Vorlesungen in Form eines Seminars in "International Economics" an. Ort: wiiw Wiener Institut für Internationale Wirtschaftsvergleiche, Rahlgasse 3, 1060 Wien Thursday, November 26th, 4 pm wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (ground floor) Trade and Import Demand Nexus - any Change through Global Value Chains? Julia Wörz (with Al-Haschimi A., Skudelny F., and Vaccharino E.) Österreichische Nationalbank Abstract We assess the impact of global value chains (GVCs) on global import demand and hence trade dynamics. Unexpectedly weak dynamics in global trade flows in 2012 and 2013 caused a renewed discussion of a potential structural change in global trade drivers which has become visible since the Great Recession in 2009 in addition to the cyclical weakness caused by subdued investment. Using an econometric model for import demand we analyse the role of international fragmentation of production in the trade-to-income relationship. Our measure of GVC participation is based on the decomposition of trade flows proposed in Koopman et al. (2014). We combine trade data from UN Comtrade and national accounts data from the IMF's World Economic Outlook with information on global linkages from WIOD for a sample emerging and advanced economies over the period from 1996-2011. We find a higher demand elasticity for emerging economies and a reinforcing effect of GVC participation, both in advanced and emerging economies. Recursive estimates suggest a decline in the demand elasticity already before the Global Crisis, suggesting that the process of GVC integration may have reached its peak. Such non-linearities have to be taken into account when designing export strategies and in particular export-oriented growth policies. Our result is further important for re-designing existing forecasting models of trade and GDP growth. Keywords: global value chains, income and price elasticity, trade JEL Codes: E30, F15, F41 Reminder: Einladung zur 8. FIW Forschungskonferenz Das FIW freut sich, Sie auch im Namen aller Kooperationspartner zur 8. FIW Forschungskonferenz von 3.-4. Dezember 2016 am WIFO einladen zu dürfen. Neben der Präsentation von aktuellen Forschungsarbeiten aus dem Forschungsgebiet 'International Economics' möchten wir besonders auf folgende Highlights aufmerksam machen: · Donnerstag 3.12., 16:30 Uhr: Keynote Lecture von Prof. Franz Hubert (Humboldt Universität zu Berlin): Gas-Pipelines & Power · Freitag 4.12., 12:30 Uhr: Policy Panel "The Juncker Plan" Wir bitten um Anmeldung bis morgen, 26. November 2015 per E-Mail oder auf http://www.fiw.ac.at/index.php?id=847. Im Anhang finden Sie die aktuelle Konfererenz_Programm, das ebenfalls auf der FIW-Website als Download im pdf-Format zur Verfügung steht http://www.fiw.ac.at/index.php?id=826&L=0. Veranstaltungsort: WIFO - Österreichisches Institut für Wirtschaftsforschung Arsenal, Objekt 20 1030 Wien Die Teilnahme an der Konferenz ist kostenlos. Konferenzsprache ist Englisch. Bei weiteren Fragen wenden Sie sich bitte an das FIW-Projektbüro: fiw-pb(a)fiw.at Absage: Seminar "Open Markets Matter" am 1.12. 2015 Aufgrund einer Erkrankung des Referenten muss das Seminar "Open Markets Matter" am 1.12.2015 leider abgesagt werden. Die Veranstaltung wird Anfang des nächsten Jahres nachgeholt. Seminar 4: Open Markets Matter Termin: tba Vortragender: Dr. Manfred SCHEKULIN, Leiter der Abteilung Export- und Investitionspolitik und stellvertretender Leiter des Centers Außenwirtschaftspolitik und Europäische Integration im BMWFW Inhalt: In diesem Seminar werden Wechselwirkungen zwischen Außenhandel und anderen Politikbereichen besprochen: i) Wie hängen Handelspolitik und Sozialpolitik zusammen? ii) Welche Rolle spielt die Handelspolitik in der Außenpolitik? iii) Welche in der Entwicklungszusammenarbeit? iii) Was steckt hinter den häufig geäußerten kultur- und demokratiepolitischen Bedenken gegen Marktliberalisierung bzw. die Institutionen, die sie betreiben? 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 Ladies and Gentlemen! We are glad to inform you about the latest news on the FIW project. In this issue: · Last-Minute-Reminder: FIW-Seminar in International Economics · Invitation: 8th FIW Research Conference 'International Economics' · Cancellation: Seminar "Open Markets Matter" Last-Minute-Reminder: FIW-Seminar in International Economics We cordially invite you to the wiiw-FIW-Seminar in International Economics on Thursday, November 26th, 4 pm The seminar is part of the activities of FIW, the Centre of Competence in International Economics. Regular lecture series on current issues in international economics. Location: wiiw Wiener Institut für Internationale Wirtschaftsvergleiche, Rahlgasse 3, 1060 Wien Trade and Import Demand Nexus - any Change through Global Value Chains? Julia Wörz (with Al-Haschimi A., Skudelny F., and Vaccarino E.) Österreichische Nationalbank Abstract We assess the impact of global value chains (GVCs) on global import demand and hence trade dynamics. Unexpectedly weak dynamics in global trade flows in 2012 and 2013 caused a renewed discussion of a potential structural change in global trade drivers which has become visible since the Great Recession in 2009 in addition to the cyclical weakness caused by subdued investment. Using an econometric model for import demand we analyse the role of international fragmentation of production in the trade-to-income relationship. Our measure of GVC participation is based on the decomposition of trade flows proposed in Koopman et al. (2014). We combine trade data from UN Comtrade and national accounts data from the IMF's World Economic Outlook with information on global linkages from WIOD for a sample emerging and advanced economies over the period from 1996-2011. We find a higher demand elasticity for emerging economies and a reinforcing effect of GVC participation, both in advanced and emerging economies. Recursive estimates suggest a decline in the demand elasticity already before the Global Crisis, suggesting that the process of GVC integration may have reached its peak. Such non-linearities have to be taken into account when designing export strategies and in particular export-oriented growth policies. Our result is further important for re-designing existing forecasting models of trade and GDP growth. Keywords: global value chains, income and price elasticity, trade JEL Classification: E30, F15, F41 After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks. Invitation: 8th FIW Research Conference 'International Economics' The FIW is glad to invite you, also on behalf of all cooperation-partners, to the 8th FIW Research Conference 'International Economics' taking place on December 3-4 at the Austrian Institute of Economic Research. Besides the presentation of current research in the field of 'International Economics' we would like to announce the following 'highlights': · December 3, 4:30 p.m.: Keynote Lecture by Prof. Franz Hubert (Humboldt Universität zu Berlin): Gas-Pipelines & Power · December 4, 12:30 p.m.: Policy Panel "The Juncker Plan" We kindly ask for registration until tomorrow, November 26, 2015 via E-Mail or at http://www.fiw.ac.at/index.php?id=847&L=3. Please find attached the complete programme which is alos available online at our FIW-Website: http://www.fiw.ac.at/index.php?id=781&L=1 ) Venue: WIFO - Austrian Institute of Economic Research Arsenal, Object 20 A-1030 Vienna Attendance of the FIW Research Conference is free. The conference language is English. Please contact the FIW Project office in case of further questions: fiw-pb(a)fiw.at Cancellation: Seminar "Open Markets Matter" on December 1 Due to sickness of a speakter, the Seminar "Open Markets Matter" on December 1, 2015 had to be cancelled. The event will be re-scheduled to the beginning of next year. Seminar 4: Open Markets Matter Termin: 1.12.2015 Vortragender: Dr. Manfred SCHEKULIN, Leiter der Abteilung Export- und Investitionspolitik und stellvertretender Leiter des Centers Außenwirtschaftspolitik und Europäische Integration im BMWFW Inhalt: In diesem Seminar werden Wechselwirkungen zwischen Außenhandel und anderen Politikbereichen besprochen: i) Wie hängen Handelspolitik und Sozialpolitik zusammen? ii) Welche Rolle spielt die Handelspolitik in der Außenpolitik? iii) Welche in der Entwicklungszusammenarbeit? iii) Was steckt hinter den häufig geäußerten kultur- und demokratiepolitischen Bedenken gegen Marktliberalisierung bzw. die Institutionen, die sie betreiben? 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).

1 0

Einladung zum VOSTA-Freitagsseminar - 4. Dezember 2015
by Event-Management 25 Nov '15

25 Nov '15

Sehr geehrte Damen und Herren! Anbei übermitteln wir Ihnen die Einladung zu einem VOSTA-Freitagsseminar von Tim Eisert, Erasmus University, mit dem Titel "Whatever it takes: The Real Effects of Unconventional Monetary Policy" Termin Freitag, 4. Dezember 2015, 11.00 Uhr Ort Oesterreichische Nationalbank Garnisongasse 15, 1090 Wien Veranstaltungssaal Geldzentrum, 3. Stock, OeNB II Abstract On July 26, 2012 Mario Draghi announced to do "whatever it takes" to preserve the Euro. The resulting Outright Monetary Transactions (OMT) Program led to a significant reduction in the sovereign yields of periphery countries. Due to their significant holdings of GIIPS sovereign debt, the OMT announcement indirectly recapitalized periphery country banks by increasing the value of their sovereign bonds. This led to an increased supply of loans to private borrowers in Europe. We show that firms that receive new loans from periphery banks use the newly available funding to build up cash reserves, but there is no impact on real economic activity like employment or investment. Um Ihre Rückmeldung ersuchen wir bis Mittwoch, 2.12.2015. Wir freuen uns auf Ihre Teilnahme und stehen für Fragen gerne zur Verfügung. Mit freundlichen Grüßen Event-Management --------------------------- Oesterreichische Nationalbank Abteilung für Öffentlichkeitsarbeit und Finanzbildung Communications and Financial Literacy Division Phone: +43-1-404 20-6620 Fax: +43-1-404 20-04 6697 E-mail: Event-Management(a)oenb.at<mailto:Event-Management@oenb.at>

1 0

REMINDER Invitation: Vienna Joint Economics Seminar (Nov 26): Steffen Huck and Diego Moreno
by Economics Department 25 Nov '15

25 Nov '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, November 26, 2015 Attention - New Address Institute for Advanced Studies Josefstädter Straße 39, 1080 Vienna Seminar Room 101 (first floor) 4:00 pm Steffen Huck<http://www.wzb.eu/de/personen/steffen-huck> and Diego Moreno<http://www.eco.uc3m.es/~dmoreno/index_en.html> WZB Berlin U. Carlos III de Madrid Games played through agents in the laboratory: A test of Prat and Rustichini (2003) (Steffen Huck) Abstract: From the regulation of sport competitions to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of another group of people ("principals"). The principals have a stake in the agents' decisions and therefore may offer bribes to agents. \citet{Prat2003} characterize pure-strategy equilibria of such games, in which principals can make action-contigent offers to agents. Specifically, they predict the equilibrium outcome in pure strategies to be efficient under some conditions. With field data hard to come by, we test the theory in a series of experimental treatments with human principals and comptuerized agents. The theory does amazingly well in explaining the data. Subjects predominantly offer bribes that implement efficient outcomes. In some treatments offers fall short of equilibrium preditions though. These minor deviations from equilibrium predictions are explored in a quantal response equilibrium framework. and The Value of Public Information in Common-Value Tullock Contests<https://www.ihs.ac.at/fileadmin/public/ecofin_teaching/Seminars/20151126_Di…> (Diego Moreno) Abstract: Consider a symmetric common-value Tullock contest with incomplete information in which the players' cost of effort is the product of a random variable and a deterministic real function of effort, d. We show that the Arrow-Pratt curvature of d; Rd; determines the effect on equilibrium efforts and payoffs of the increased flexibility/reduced commitment that more information introduces into the contest: If Rd is increasing, then effort decreases (increases) with the level of information when the cost of effort (value) is independent of the state of nature. Moreover, if Rd is increasing (decreasing), then the value of public information is non-negative (non-positive). paper jointly with E. Einy, D. Moreno, and B. Shitovitz 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)

1 0