March 2015 - NOeG-l - Wirtschaftsuniversität Wien

wiiw-FIW-Seminar in International Economics, 16 April 2015
by wiiw WIENER INSTITUT 31 Mar '15

31 Mar '15

Dear Colleague, We cordially invite you to the wiiw-FIW-Seminar in International Economics on Thursday, April 16th, 4 pm wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (ground floor) Macroeconomic Stability and the Single European Labor Market Timo Baas University of Duisburg-Essen Abstract The Single European Labor Market is more and more seen as an instrument to face short-term challenges like diverging unemployment rates and asymmetric business cycles. Most labor economists, however, agree that the common labor market is far from completion even though migration increased strongly after EU-enlargement. It is, therefore, an open question to which extend this unfinished common market performs its function. In this paper, we analyze the impact of economic conditions on bilateral migration from Poland to Germany by estimating a two-country DSGE model using Bayesian methods. Our findings imply that migration, indeed, follows cyclical patterns and that it fosters economic stability. This, however, only holds true for the country of origin, as macroeconomic shocks of the destination country have a minor impact on migration. Keywords: DSGE model, migration, open economy macroeconomics, Bayesian econometrics JEL Classification: F22, F41, E32 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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Extended Deadline - NOeg 2015 - Annual Meeting of the Austrian Economic Association
by noeg2015 30 Mar '15

30 Mar '15

Dear colleagues, please note that the deadline for submitting abstracts/papers to the Annual Meeting of the Austrian Economic Association NOeG 2015 has been extended to April 15, 2015. Kind regards Reinhard Neck Program Chair ____________________________________________________________________________________ Jahrestagung der Nationalökonomischen Gesellschaft 2015 Annual Meeting of the Austrian Economic Association 2015 Institut für Volkswirtschaftslehre - Department of Economics (Prof. Neck) Alpen-Adria-Universität Klagenfurt Universitaetsstrasse 65-67, A-9020 Klagenfurt Tel. +43 463 2700 4102 - Fax +43 463 2700 994102 E-Mail: noeg2015(a)aau.at<mailto:noeg2015@aau.at> - http://www.uni-klu.ac.at/vwl/inhalt/833.htm

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EINLADUNG / New Approaches to Economic Challenges / 22.4.2015
by Gehringer-Wasserbauer, Eva 30 Mar '15

30 Mar '15

Sehr geehrte Damen und Herren, bitte um Veröffentlichung der beigefügten Einladung über den NoeG Verteiler. Vielen herzlichen Dank! Mit freundlichen Grüßen, Eva Gehringer-Wasserbauer Eva Gehringer-Wasserbauer Oesterreichische Nationalbank Abteilung für die Analyse wirtschaftlicher Entwicklungen im Ausland Otto Wagner Platz 3 1090 Wien Tel: 0043/1/404205205 www.oenb.at<http://www.oenb.at> Sehr geehrte Damen und Herren, In der Anlage übermitteln wir Ihnen die Einladung zu folgender Veranstaltung: "New Approaches to Economic Challenges" Neue Denkansätze in der OECD - Was kann Österreich davon lernen? am 22. April 2015, 9.00 - 13.00 Uhr im Bundeskanzleramt, Hohenstaufengasse 3, 1010 Wien, Kassensaal u.A.w.g. per Mail an: iv7(a)bka.gv.at<mailto:iv7@bka.gv.at> Mit freundlichen Grüßen, Oesterreichische Nationalbank

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Einladung zu zwei Vorträgen von Herrn Prof. Dr. Holger Strulik im Mai
by Brigitte Schneider 30 Mar '15

30 Mar '15

Sehr geehrte Damen und Herren, Herr Prof. Dr. Holger Strulik hält im Rahmen der öffentlichen Vortragsreihe "Economic Theory and Policy" am 19.05.2015 um 17.00 Uhr einen Vortrag mit dem Titel "Desire and Development" und am 21.05.2015 um 16.00 Uhr einen Vortrag mit dem Titel "The Physiological Foundations of Comparative Economic Development" Wir freuen uns, Ihnen anbei die Einladungen übermitteln zu dürfen. Mit freundlichen Grüßen Brigitte Schneider Brigitte Schneider Forschungsgruppe Ökonomie Institut für Stochastik und Wirtschaftsmathematik (E 105-3) Technische Universität Wien Wiedner Hauptstraße 8 - 10 A-1040 Wien Tel.: +43-1-58801-10531 Fax: +43-1-58801-105399 E-Mail: brigitte.schneider(a)econ.tuwien.ac.at<mailto:brigitte.schneider@econ.tuwien.ac.at> DVR: 0005886 UID: ATU 37675002

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OeNB - Invitation 77th East Jour Fixe, May 29, Oesterreichische Nationalbank
by Event-Management 27 Mar '15

27 Mar '15

Dear Madams and Sirs, We have the pleasure of inviting you to the 77th East Jour Fixe of the Oesterreichische Nationalbank (OeNB) on the topic of “Russia – economic turmoil and policy options,” which will take place on May 29, 2015. The East Jour Fixe was initiated by the OeNB in 1991. It is a discussion forum on economic reforms and developments in Central, Eastern and Southeastern Europe (CESEE). The 77th East Jour Fixe will focus on Russia’s economic policy challenges and options against the background of the country’s current and likely longer lasting economic turmoil, which has laid bare the vulnerabilities of the Russian economy. In session 1, we will therefore discuss structural reform needs and how to use FDI more efficiently. In session 2, we will then explore ways to safeguard banking sector stability and buttress monetary policy. Finally, session 3 will deal with Russia’s recent recalibration of its external economic policy orientation and the options ahead. Please find the program attached to this e-mail. We kindly ask you to register not later than May 20, 2015 either by e-mail (event-management(a)oenb.at<mailto:event-management@oenb.at>) or phone to (+43-1) 40420-6616. We have also attached a separate hotel reservation form: Please return it directly to the indicated fax number of Hotel Mercure Josefshof Wien by April 27, 2015 at the latest. After this date, room availability cannot be guaranteed. If you are unable to attend the 77th East Jour Fixe, we would kindly ask you to forward the invitation to another representative or colleague whom you may want to nominate. Should you have any organizational questions, please do not hesitate to contact us by e-mail (event-management(a)oenb.at<mailto:event-management@oenb.at>) or phone (+43-1-40420-6616). Yours sincerely, 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>

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OeNB - Einladung zum VOSTA-Freitagsseminar - 10. April 2015, 11:00 Uhr
by Event-Management 27 Mar '15

27 Mar '15

Sehr geehrte Damen und Herren, anbei übermitteln wir Ihnen die Einladung zu einem VOSTA-Freitagsseminar von Nikolaus Hautsch, Universität Wien, mit dem Titel "Systemic Risk Spillovers in the European Banking and Sovereign Network". Termin Freitag, 10. April 2015, 11:00 Uhr Ort Geldzentrum der OeNB (OeNB II) Veranstaltungssaal, 3. Stock Garnisongasse 15, 1090 Wien Abstract We propose a framework for estimating network-driven time-varying systemic risk contributions that is applicable to a high-dimensional financial system. Tail risk dependencies and contributions are estimated based on a penalized two-stage fixed-effects quantile approach, which explicitly links bank interconnectedness to systemic risk contributions. The framework is applied to a system of 51 large European banks and 17 sovereigns through the period 2006 to 2013, utilizing both equity and CDS prices. We provide new evidence on how banking sector fragmentation and sovereign-bank linkages evolved over the European sovereign debt crisis and how it is reflected in network statistics and systemic risk measures. Illustrating the usefulness of the framework as a monitoring tool, we provide indication for the fragmentation of the European financial system having peaked and that recovery has started. Um Ihre Rückmeldung ersuchen wir bis spätestens Mittwoch, 8. April 2015. Wir freuen uns auf Ihre Teilnahme und stehen für Fragen gerne zur Verfügung. Mit freundlichen Grüßen, Julia Palatin ---------------------------------------------- Oesterreichische Nationalbank Abteilung für Öffentlichkeitsarbeit und Finanzbildung Communications and Financial Literacy Division Phone: +43-1-404 20-6620 Fax: +43-1-404 20-6697 E-Mail: event-management(a)oenb.at<mailto:event-management@oenb.at> P Before printing, think about the environment

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Special Issue on “Economics of Inequality”
by Altzinger, Wilfried 26 Mar '15

26 Mar '15

This time with operating links: Anthony B. Atkinson Can we reduce income inequality in OECD countries?<http://link.springer.com/article/10.1007/s10663-015-9288-0> Giacomo Corneo Income Inequality from a Lifetime Perspective<http://link.springer.com/article/10.1007/s10663-015-9283-5> Eva Schlenker, Kai D. Schmid Capital Income Shares and Income Inequality in 16 EU Member Countries<http://link.springer.com/article/10.1007/s10663-015-9282-6> Stefan Humer, Mathias Moser, Matthias Schnetzer Socioeconomic structures of the Austrian wealth distribution<http://link.springer.com/article/10.1007/s10663-015-9293-3> Peter Lindner Factor Decomposition of the Wealth Distribution in the Euro Area<http://link.springer.com/article/10.1007/s10663-015-9290-6> Jun Chao Zhan Who Holds Risky Assets And How Much?-An empirical study based on the HFCS data<http://link.springer.com/article/10.1007/s10663-015-9295-1> Markus M. Grabka Income and wealth inequality after the financial crisis: the case of Germany<http://link.springer.com/article/10.1007/s10663-015-9280-8> Mathias Klein Inequality and household debt: a panel cointegration analysis<http://link.springer.com/article/10.1007/s10663-015-9281-7> Alyssa Schneebaum, Bernhard Rumplmaier, Wilfried Altzinger Gender in Intergenerational Educational Persistence Across Time and Place<http://link.springer.com/article/10.1007/s10663-015-9291-5> Lorenzo Cicatiello, Salvatore Ercolano, Giuseppe Lucio Gaeta Income distribution and political participation: a multilevel analysis<http://link.springer.com/article/10.1007/s10663-015-9292-4> ********************************************* Altzinger Wilfried Vienna University of Economics and Business Department of Economics Welthandelsplatz 1 / D4, Level 2 (2.032) A-1020 Vienna http://www.wu.ac.at/vw1/m/altzing ++ 43 676 8213 4511 ********************************************* [Campusplan]

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EMPIRICA. Special Issue on “Economics of Inequality” is available online
by Altzinger, Wilfried 26 Mar '15

26 Mar '15

Dear All, It’s a big pleasure to let you know that the Special Issue on “Economics of Inequality” has been finalized. The issue includes a selection of papers which have been presented at the Annual conference 2014 of the Austrian Economic Association (NOeG). All papers are online available (see below). The in print version will be published on 15 May 2015. With best regards, Wilfried Altzinger (on behalf of the editors) EMPIRICA - Special Issue: The Economics of Inequality Wilfried Altzinger,Giacomo Corneo,Agnes Kügler EditorialSpecial Issue: The Economics of Inequality Anthony B. Atkinson Can we reduce income inequality in OECD countries? Giacomo Corneo Income Inequality from a Lifetime Perspective Eva Schlenker,Kai D. Schmid Capital Income Shares and Income Inequality in 16 EU Member Countries Stefan Humer,Mathias Moser,Matthias Schnetzer Socioeconomic structures of the Austrian wealth distribution Peter Lindner Factor Decomposition of the Wealth Distribution in the Euro Area Jun Chao Zhan Who Holds Risky Assets And How Much?-An empirical study based on the HFCS data Markus M. Grabka Income and wealth inequality after the financial crisis: the case of Germany Mathias Klein Inequality and household debt: a panel cointegration analysis Alyssa Schneebaum,Bernhard Rumplmaier,Wilfried Altzinger Gender in Intergenerational Educational Persistence Across Time and Place Lorenzo Cicatiello,Salvatore Ercolano,Giuseppe Lucio Gaeta Income distribution and political participation: a multilevel analysis ********************************************* Altzinger Wilfried Vienna University of Economics and Business Department of Economics Welthandelsplatz 1 / D4, Level 2 (2.032) A-1020 Vienna http://www.wu.ac.at/vw1/m/altzing ++ 43 676 8213 4511 ********************************************* [Campusplan]

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Stellenausschreibung Institut für Institutionelle und Heterodoxe Ökonomie
by Katharina Mader 26 Mar '15

26 Mar '15

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Reminder: wiiw lunchtime seminar, 27 March 2015
by wiiw WIENER INSTITUT 26 Mar '15

26 Mar '15

Dear Colleague, We cordially invite you to a lunchtime seminar on Friday, 27 March 2015, 11 am wiiw, Vienna 6, Rahlgasse 3, library 2nd floor Building conditional quantitative foresight: the MASST3 model Roberta Capello Full professor of Regional and Urban Economics, Politecnico di Milano Abstract The MASST 3 model (MAcroeconomic - Sectoral - Social - Territorial - Model) is a regional growth forecasting model, at present in its third version, has already been applied in different international projects (ESPON, DGRegio, FP7). The MASST model explains regional growth through two intertwined blocks of equations, a national block and a regional one, giving to both a role on local economic trajectories. National growth depends on the dynamics of the macroeconomic national elements: private consumption growth, private investment growth, public expenditure growth and export and import growth. This part of the model is able to capture macroeconomic effects on regional growth generated by interest rates and public expenditure policies, trends in inflation rates and wages. These policies and trends differ radically among European Countries (between Eastern and Western, Northern and Southern members). In turn, the regional differential component (i.e. the relative regional growth), is dependent on the competitiveness of the local system, based on the efficiency of local resources: the increase in the quality and quantity of production factors in infrastructure endowment, in energy resources, as well as the sectoral and territorial structure of the regions and the interregional spatial linkages. As output, MASST is able to produce regional and national GDP (growth rates and per capita), as well as employment (also divided by manufacturing and services) growth rates and levels. The MASST model has been estimated for 27 EU countries, in a period of time between 1995 and 2011; its regional sub-model has been applied to all NUTS 2 areas of the 27 countries. Roberta Capello is Full Professor of Regional and Urban Economics at Politecnico di Milano (POLIMI), and previously at the University of Molise. In the past, Roberta Capello was President of the Regional Science Association International (RSAI, 2009-2010) and member of the European Regional Science International (1999-2004), of which she was also Treasurer. She was Member of the Coordination Committee of NECTAR, an International Research Network on Transport, Communication and Regional Development (1987-1992). Between 1988 and 1989, she was Visiting Research Fellow by the Centre for Urban and Regional Development Studies of the University of Newcastle (1988-1989). She obtained her Ph.D. in Economics at the Free University in Amsterdam, in 1993. Her first degree in Economic was awarded at Bocconi University in Milan (1986). Prof. Capello has a rich international publications record in the field of regional development and regional economics and has coordinated and/or taken part in many international research projects, several of them funded by the EU (FP, ESPON, DG Regio). Her (and Roberto Camani´s) MASST model has been widely recognised as one of the most powerful tools for regional forecasting. Best regards Univ.Prof.Dr. Michael Landesmann Mag. Roman Römisch 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

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