April 2015 - NOeG-l - Wirtschaftsuniversität Wien

Joseph von Sonnenfels Center, Program for Spring and Summer 2015
by wolfgang.weigel＠univie.ac.at 08 Apr '15

08 Apr '15

Deawr Members, Madam, sir, it is my pleasure to finally be able to inform you about the scientific events in the summer-term of 2015. As has been communicated ealier, there is now a newly establshed center for the economic analysis of law at the University of Vienna, which took over some of the agenda from the Sonnenfels Center. Still there will be close cooperation, of which this mail gives evidence. Spring and Summer 2015 Lectures offered by Center for the Economic Analysis if Law (Forschungsstelle für Rechts- und Institutionenökonomie), Department for Criminal Law at the University of Vienna In cooperation with Joseph von Sonnenfels Center for the Study of Public Law and Economics And European Master for Law and Economics under ERASMUS MUNDUS and ERASMUS+ Friday April 17, 2015 11.30 - 13.30 hours Invited Lecture Can Economics Improve Regulations and Laws Speaker: Robert Hahn Professor and Director of Economics, Oxford Smith School Institute for New Economic Thinking at the Oxford Martin School The Brookings Institution Center for Business and Public Policy, Georgetown Venue: Lecture hall, Law Faculty Building at Schenkenstraße 8, 1010 Vienna Thursday April 30,2015, 16-18.30 hours Lecture Some Law and Economics of Migration Speaker: Wolfgang Weigel, Department of Economics Venue: Seminar, Schenkenstraße 4, 2nd floor, 1010 Vienna Thursday May 7,2015, 16-18.30 hours Lecture The Pension System and Convergence in Corporate Governance Speaker: Martin Gelter, Fordham University School of Law Venue: Seminar, Schenkenstraße 4, 2nd floor, 1010 Vienna Thursday May 21,2015, 16-18.30 hours Lecture Budget Constrained Injurers and the Law of Tort Speaker: Alon Klement, IDC Herzlya Venue: Seminar, Schenkenstraße 4, 2nd floor, 1010 Vienna Thursday May 28,2015, 16-18.30 hours Lecture Behavioral Law and Economics - a Revision Speaker: Christina Markowksi, EMLE, Attorney at Law Venue: Seminar, Schenkenstraße 4, 2nd floor, 1010 Vienna Friday May 29, 2015 11.30 - 13.30 hours Invited Lecture On Class Action (To be specified) Speaker: Alon Klement, IDC Herzlya Venue: Lecture hall, Law Faculty building at Schenkenstraße 8, 1010 Vienna Tuesday June 2, 2015, 16.45 - 18.15 hours Lecture Advances in "Smart Regulation" in the EU Speaker: Andrea Renda, CEPS, Brussels Venue: Seminar 5, Oskar Morgenstern Platz 1, 1090 Vienna Tuesday June 9, 2015, 16.45 - 18.15 hours Lecture Recent Advances in Applying RIA and the SCM in Austria Speaker: Gerald Reindl, Federal Ministry of Finance Venue: Seminar 5, Oskar Morgenstern Platz 1, 1090 Vienna Sincerely Yours Wolfgang Weigel We appologise for double postings due to overlapping distribution lists. In case you do not want to receive our invitations anymore, please reply to this mail with Subject: Delete Wolfgang Weigel Associate Professor and Chair Joseph von Sonnenfels Center, Department of Economics 05.502 University of Vienna Oskar Morgenstern Platz 1 1090 Vienna, Austria Mail to: wolfgang.weigel(a)univie.ac.at --- This email is free from viruses and malware because avast! Antivirus protection is active. http://www.avast.com

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Einladung: WIFO-Extern zum Thema "Steuererleichterungen für Familien", 9. April 2015, 13:15 Uhr, WIFO, Kl. Sitzungssaal
by Kathrin Hranyai 08 Apr '15

08 Apr '15

Sehr geehrte Damen und Herren, das WIFO lädt Sie herzlich zum nächsten Termin der Vortragsreihe WIFO-Extern ein: Donnerstag, 9. April 2015, 13:15 Uhr WIFO, Kleiner Sitzungssaal Norbert Neuwirth (Universität Wien) Titel: "Steuererleichterungen für Familien" Kommentar: Silvia Rocha-Akis (WIFO) Abstract: Working Paper siehe http://www.bmfj.gv.at/dam/jcr:dcb4a6d9-e886-490b-9ffd-8236ccffce06/Working%… 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 ---------------------------------------------------------------------------------------------

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wiiw seminar "Policy Perspectives for European Integration", 20 April 2015
by wiiw WIENER INSTITUT 08 Apr '15

08 Apr '15

Dear Colleague, We cordially invite you to the next wiiw seminar 'Policy Perspectives for European Integration' on Monday, 20 April 2015, 5 pm wiiw, Vienna 6, Rahlgasse 3, lecture hall (entrance from the ground floor) The European fiscal framework: can it ensure debt sustainability and adequate fiscal stabilisation? Zsolt Darvas senior fellow, Bruegel Abstract The two main objectives of a fiscal framework are to discourage the deficit bias of the government in order to ensure long-term sustainability of public debt and to leave scope for countercyclical fiscal policy. By estimating fiscal reaction functions for a large number of advanced and emerging economies, Zsolt Darvas (together with his research colleagues Gregory Claeys and Silvia Merler) conclude that while automatic stabilisers were allowed to work in euro-area countries, the slightly counter-cyclical pre-crisis discretionary fiscal policy has disappeared during the crisis. Some euro-area countries implemented pro-cyclical fiscal tightening. By reviewing the characteristics of alternative fiscal frameworks and their effectiveness from theoretical and empirical perspectives, Zsolt Darvas et. al. assess the relevance of the current European fiscal framework to achieve the two main objectives. They make recommendations on how the European framework (including its specific provisions for the euro area) should evolve in the coming years. (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

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REMINDER: Invitation: Econometrics Research Seminar (April 9): Michele Lenza
by Economics Department 08 Apr '15

08 Apr '15

[cid:image002.png@01D071F2.02B2C900] ECONOMETRICS RESEARCH SEMINAR INVITATION R E M I N D E R 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, April 9, 2015 IHS, Stumpergasse 56, 1060 Vienna, HS II 9:00 am (Please note that the seminar will start at 9 am sharp!) Michele Lenza<https://www.ecb.europa.eu/pub/research/authors/profiles/michele-lenza.en.ht…> European Central Bank Priors for the long run Abstract: We propose a class of prior distributions that discipline the long-run behavior of Vector Autoregressions (VARs). These priors can be naturally elicited using economic theory, which provides guidance on the joint dynamics of macroeconomic time series in the long run. Our priors for the long run are conjugate, and can thus be trivially implemented using dummy observations and combined with other popular priors. In VARs with standard macroeconomic variables, a prior based on the long-run predictions of a wide class of dynamic stochastic general equilibrium models yields substantial improvements in the forecasting performance. . paper jointly with: Domenico Giannone and Giogio E. Primiceri We are looking forward to seeing you! Institute for Advanced Studies Department of Economics and Finance Stumpergasse 56, 1060 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<https://maps.google.com/maps/ms?msid=214450950836633541616.0004d7e346945a52…> on Google maps<https://maps.google.com/maps/ms?msid=214450950836633541616.0004d7e346945a52…> ECONOMETRICS RESEARCH<https://www.google.com/calendar/embed?src=k0lv6keqn60t40jeuhtjfebrl0%40grou…> SEMINAR<https://www.google.com/calendar/embed?src=k0lv6keqn60t40jeuhtjfebrl0%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=k0lv6keqn60t40jeuhtjfebrl0%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: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> [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 Abs. 4. 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 (April 16): Marco Bassetto and Stefania Albanesi
by Economics Department 08 Apr '15

08 Apr '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, April 16, 2015 University of Vienna, Oskar-Morgenstern-Platz 1, 1090 Vienna, HS 9, 1st floor 4:00 pm Marco Bassetto<http://users.nber.org/~bassetto/> and Stefania Albanesi<http://www.newyorkfed.org/research/economists/albanesi/> University College London Federal Reserve Bank of New York Speculative Runs on Interest Rate Pegs (Marco Bassetto) Abstract: We analyze a new class of equilibria that emerges when a central bank conducts monetary policy by setting an interest rate (as an arbitrary function of its available information) and letting the private sector set the quantity traded. These equilibria involve a run on the central bank's interest target, whereby money grows fast, private agents borrow as much as possible against the central bank, and the shadow interest rate is different from the policy target. We argue that these equilibria represent a particular danger when banks hold large excess reserves, such as is the case following periods of quantitative easing. Our analysis suggests that successfully managing the exit strategy requires additional tools beyond setting interest-rate targets and paying interest on reserves; in particular, freezing excess reserves or fiscal-policy intervention may be needed to fend off adverse expectations. paper jointly with Christopher Phelan Insolvency After the 2005 Bankruptcy Reform<https://www.ihs.ac.at/fileadmin/public/ecofin_teaching/Seminars/20150416_Pa…> (Stefania Albanesi) Abstract:<http://users.nber.org/~bassetto/> Using a comprehensive panel data set on U.S. households, we study the effects of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), the most substantive reform of personal bankruptcy in the United States since the Bankruptcy Reform Act of 1978. The 2005 legislation introduced a means test based on income to establish eligibility for Chapter 7 bankruptcy and increased the administrative requirements to file, leading to a rise in the opportunity cost and, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and foreclosure. We find that the reform caused a permanent drop in the Chapter 7 bankruptcy rate relative to pre-reform levels, due to the rise in filing costs associated with the reform, which can be interpreted as resulting from liquidity constraints. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an increase in the rate of foreclosure. We find no evidence of a link between the decline in bankruptcy and a rise in the number of individuals who are current on their debt. We document that these effects are concentrated at the bottom of the income distribution, suggesting that the income means tests introduced by BAPCPA did not serve as an effective screening device. We show that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to new lines of credit and display lower credit scores than individuals who file for bankruptcy. Since bankruptcy filings declined much more for low-income individuals, our findings suggest that, for this group, BAPCPA may have removed an important form of relief from financial distress. paper jointly with Jaromir Nosal We are looking forward to seeing you! Institute for Advanced Studies Department of Economics and Finance Stumpergasse 56, 1060 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 LINKS<https://nyuad.nyu.edu/en/academics/faculty/herv-crs.html> DIRECTIONS TO UNIVERSITY OF VIENNA on Google maps<https://maps.google.at/maps?q=Oskar-Morgenstern-Platz+1,+1090+Wien+%28SR+14…> 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.…] [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…] [http://www.ihs.ac.at/vienna/resources/Economics/Others/feed-icon-28x28.png] <http://econ.univie.ac.at/home/> Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107 Abs. 4. Sollten Sie keine weiteren Zusendungen wünschen, 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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Wissenschaftliche ProjektmitarbeiterInnen gesucht
by Trukeschitz, Birgit 07 Apr '15

07 Apr '15

Sehr geehrte Damen und Herren, am Forschungsinstitut für Altersökonomie der Wirtschaftsuniversität Wien sind 2 Stellen für wissenschaftliche ProjektmitarbeiterInnen vakant. Befristung: 15.5.2015-31.3.2018. Die Tätigkeiten findet im Rahmen eines internationalen Forschungsprojektes statt, das sich mit der Messung der Effekte von Betreuungs- und Pflegedienstleistungen auf die Lebensqualität pflegebedürftiger Personen und deren Angehörigen befasst. Genaue Details zu den vakanten Stellen finden Sie hier: http://www.wu.ac.at/altersoekonomie/aktuelles/freiestellen/ Mit freundlichen Grüßen Birgit Trukeschitz **************************************** Dr Birgit Trukeschitz WU Wirtschaftsuniversität Wien / Vienna University of Economics and Business Forschungsinstitut für Altersökonomie / Research Institute for Economics of Aging Welthandelsplatz 1, D4.1.173 1020 Wien Austria Tel: +43 (1) 31336 / 5877 Fax: +43 (1) 31336 / 905877 mailto:birgit.trukeschitz@wu.ac.at http://www.wu.ac.at/altersoekonomie/team/wimi/dr-birgit-trukeschitz/ http://www.wu.ac.at/altersoekonomie/team/research-staff/dr-birgit-trukeschi… (in English) ****************************************

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