- NOeG-l - Wirtschaftsuniversität Wien

Webinar Otmar Issing: "Central Banks in Times of Covid-19", May 17
by gschaef 07 May '21

07 May '21

You are cordially invited to the following Webinar: “Central Banks in Times of Covid-19” Otmar Issing President of the Center for Financial Studies, Frankfurt Former Member of the Executive Board of the European Central Bank (1998-2006) Monday, May 17, 2021 10:30-12:00 via MS Teams After registering by email (Cornelia.Berger(a)wu.ac.at) you will receive the MS Teams link for the Webinar which can be opened directly from your web browser without having to install MS Teams. Prof. Issing has been President of the Center for Financial Studies since 2006. From 1998 to 2006, he was a Member of the Executive Board of the European Central Bank, responsible for Economics and Research, so to speak the Chief Economist and chief architect of the current ECB monetary policy strategy. This strategy is currently under review. Before his spell at the ECB, Professor Issing was a Member of the Board of Deutsche Bundesbank, a Member of the German Council of Economic Experts and Professor of Economics at the University of Wuerzburg and at the University of Erlangen-Nuernberg. The webinar is jointly organized by Aurel Schubert, former Director General Statistics, ECB and by the Institute for Analytical Economics at WU Vienna. Sincerely, Guido Schäfer Institute for Analytical Economics, Department of Economics, WU Vienna Welthandelsplatz 1, 1020 Vienna, Austria Tel.: + 431 31336 4579 Email: Guido.Schaefer(a)wu.ac.at

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Lunch Seminar: "Policies to support vulnerable groups during the pandemic: Lessons learnt in Austria and the EU"
by Andrea Schmidt 06 May '21

06 May '21

Sehr geehrte Kolleginnen und Kollegen, ich erlaube mir, Sie/euch zu einer Online-Veranstaltung unter Mitwirkung der EU-Ratspräsidentschaft Portugal zum Thema *"**Policies to support vulnerable groups during the pandemic: Lessons learnt in Austria and the EU"* einzuladen. Sie findet am 20. Mai von 12h-13h (CET) statt. Die Informationen zur Anmeldung entnehmen Sie bitte untenstehend oder der Veranstaltungs-Website: https://goeg.at/vulnerable_groups Freundliche Grüße, Andrea Schmidt -- Mag.a Dr.in Andrea Schmidt, MSc phone: +43 650 911 9053 mail: andrea.e.schmidt(a)gmail.com -------------- European Public Health Week | Lunch Seminar: Policies to support vulnerable groups during the pandemic: Lessons learnt in Austria and the EU 20.05.2021 12:00-13:00 Uhr Round Table via Zoom [image: Foto Paula Reid] [image: Foto Ana Sofia Antunes] [image: Foto Ines Stilling] [image: Logo EUPH-Week] We cordially invite you to a lunchtime seminar on Thursday, May 20 2021 on the topic: policies to support vulnerable groups during the pandemic. *We are honoured that the event may count on the participation of an honourable member of the cabinet of the Portuguese government, currently hosting the EU presidency with the motto “Time to deliver: a fair, green and digital recovery”. In addition, the General Secretary of the Austrian Federal Ministry of Social Affairs, Health, Care and Consumer Protection will be commenting on the situation in Austria.* The COVID-19 pandemic has shown differences in vulnerability, with the most disadvantaged groups bearing the greatest health, social, and economic burden. This round table event provides insights into the situation of specific vulnerable groups and aims to identify policy lessons for European health care systems. Paula Reid, neunerhaus: “How did homeless people experience the pandemic in Austria and what can health care systems do to protect them?” This key note will outline the health and social impacts of the pandemic on people experiencing homelessness and other forms of social exclusion in Austria, using insights gained from the neunerhaus health centre and other neunerhaus services over the past year. It will identify gaps in existing policy and provision for vulnerable groups and reflect on what changes are needed going forward. Paula Reid is the health lead in the research and innovation department at neunerhaus. She previously worked at the Essl Foundation in Vienna, researching international innovations in the field of disability. Before moving to Austria from the UK in 2018, she was Policy Manager at Homeless Link, the national membership charity for homelessness organisations in England, where she focused on health inequalities and the interface between health and housing, and also worked at national mental health charity Rethink Mental Illness. She has a MRes in Public Policy and Management from the University of London. Policy Flashlights: - Portugal – Dr. Ana Sofia Antunes, Secretary of State for the Inclusion of Persons with Disabilities - Austria – Dr. Ines Stilling, General Secretary at the Federal Ministry of Health, Social Affairs and Consumer Protection Welcoming, hosting and moderation Andrea E. Schmidt Deputy Head of Health Economics and Health Systems Analysis Gesundheit Österreich GmbH Please register at alexandra.mayerhofer(a)goeg.at by 19 May 2021. Dial-in details will be emailed shortly before the event. *** Die Veranstaltung findet im Rahmen der European Public Health Week <https://eupha.org/euphw> - *Joining forces for healthier populations *- statt. ***

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JKU economics research seminar 12.5.21
by René Böheim 06 May '21

06 May '21

Dear colleagues, in the name of the Department of Economics, I cordially invite you to our research seminar 12th of May, 2021, 4pm: Boris Maciejovsky (University of California, Riverside) https://profiles.ucr.edu/boris.maciejovsky <https://profiles.ucr.edu/boris.maciejovsky> Too Much Trust in Group Decisions: Uncovering Hidden Profiles by Groups and Markets Abstract: A crucial challenge for organizations is to pool and aggregate information ef- fectively. Traditionally, organizations have relied on committees and teams, but recently many organizations have explored the use of information markets. In this paper, the authors compared groups and markets in their ability to pool and aggregate information in a hidden-profiles task. In Study 1, groups outperformed markets when there were no conflicts of interest among participants, whereas markets outperformed groups when conflicts of interest were present. Also, participants had more trust in groups to uncover hidden profiles than in markets. Study 2 generalized these findings to a simple prediction task, confirming that people had more trust in groups than in markets. These results were not qualified by conflicts of interest. Drawing on experienced forecasters from Good Judgment Open, Study 3 found that familiarity and experience with markets increased the endorsement and use of markets relative to traditional committees. Boris Maciejovsky is an award winning researcher, teacher, and an Associate Professor of Managment. His research interests are in the area of decision-making in economic, social, and organizational contexts. You may want to watch him giving a TED talk on how to become the person you want to be, https://youtu.be/avTD-NyCSUI <https://youtu.be/avTD-NyCSUI> . He received his Ph.D. in marketing from the Sloan School of Management at the Massachusetts Institute of Technology (MIT) and his doctoral degree in psychology from the University of Vienna. Before joining UCR, he was a faculty member at Imperial College London, the London School of Economics, the Max Planck Institute of Economics, and the Humboldt University of Berlin. He is also on the editorial board of the Journal of Economic Psychology. Selected publications: * Corporate Hierarchy and Vertical Communication Flow Inside the Firm: A Behavioral View, Reitzig, Markus, & Maciejovsky, Boris (2015), Strategic Management Journal, 36, 1979-1999. * Teams Make You Smarter: How Exposure to Teams Improves Individual Decisions in Probability and Reasoning Tasks, Maciejovsky, Boris, Sutter, Matthias, Budescu, David V., & Bernau, Patrick (2013), Management Science, 59(6), 1255-1270. * Costs of Implementation: Bargaining Costs versus Allocative Efficiency, Maciejovsky, Boris, & Wernerfelt, Birger (2011), Journal of Economic Behavior and Organization, 77(3), 318-325. * Risk Attitude and Market Behavior: Evidence from Experimental Asset Markets. Fellner, Gerlinde, & Maciejovsky, Boris (2007), Journal of Economic Psychology, 28(3), 338-350 Please register at https://www.jku.at/en/department-of-economics/research/research-events/onli… <https://www.jku.at/en/department-of-economics/research/research-events/onli…> for the zoom link. With best regards, René Böheim -- PD René Böheim, PhD Department of Economics JOHANNES KEPLER UNIVERSITÄT LINZ Altenberger Straße 69 4040 Linz, Österreich P +43-732-2468-7369 www.econ.jku.at/boeheim <http://www.econ.jku.at/boeheim> Research: http://ideas.repec.org/e/pbh15.html <http://ideas.repec.org/e/pbh15.html>

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PostDoc in Microeconomics at the JKU Linz
by Matthias Fahn 05 May '21

05 May '21

Dear all, The JKU Linz has an open position for a PostDoc in Microeconomics (6 years). We are interested in someone with a background in Organizational, Behavioral or Personnel Economics. A theoretical or empirical focus is possible, however knowledge of theoretical methods is necessary because of teaching obligations (4 hours per week). We have a great and cooperative research environment at JKU with accomplished and young colleagues (https://www.jku.at/en/department-of-economics/) If you have any question, do not hesitate to ask Matthias Fahn (matthias.fahn(a)jku.at) The application deadline is May 31, the official call can be found here: https://www.jku.at/fileadmin/gruppen/80/Stellenausschreibungen_E/4500_Homep…

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Ökonomin/Ökonomen (m/w/x, 100%) für den Forschungsbereich Arbeitsmarkt, Einkommen und soziale Sicherheit
by WIFO-Personal 04 May '21

04 May '21

Sehr geehrte Damen und Herren! Anbei die Links zu unserer aktuellen Stellenausschreibung. https://www.wifo.ac.at/jart/prj3/wifo/data/uploads/downloads/formulare/WIFO… https://www.wifo.ac.at/jart/prj3/wifo/data/uploads/downloads/formulare/WIFO… Mit freundlichen Grüßen Birgit Novotny Ing. Birgit Novotny T +43 1 798 26 01 - 277 E Birgit.Novotny(a)wifo.ac.at [cid:image002.png@01D740FB.41F42FD0] WIFO Österreichisches Institut für Wirtschaftsforschung Austrian Institute of Economic Research A-1030 Wien, Arsenal, Objekt 20 www.wifo.ac.at<http://www.wifo.ac.at/>

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Invitation I "Negative Interest Rates: Effectiveness and Side Effects – Taking Stock", 6 May 2021, 15:00-16:15 CET - SUERF – BAFFI Bocconi webinar
by Gnan, Ernest 04 May '21

04 May '21

Sehr geehrter Kolleginnen und Kollegen Ich darf Sie herzlich zu einer Präsentation und Diskussion einer aktuellen IWF-Studie zum Thema „Negative Interest Rates: Effectiveness and Side Effects“ am Donnerstag, 6.5., 15:00-16:15 einladen. Sie können diese Einladung gerne auch an interessierte Kolleginnen und Kollegen weiterleiten. Anmeldung<https://www.suerf.org/webinars/1549/negative-interest-rates-effectiveness-a…> online bitte hier<https://www.suerf.org/webinars/1549/negative-interest-rates-effectiveness-a…>. Mit freundlichen Grüßen Ernest Gnan Prof Dr Ernest Gnan Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan(a)oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org> [Suerf]<https://www.suerf.org/> Invitation www.suerf.org<http://www.suerf.org/> SUERF BAFFI BOCCONI E-Lectures Thursday, 6 May 2021 15:00-16:15 CET Cisco WebEx [cid:image002.jpg@01D740F6.DEFCF050] Negative Interest Rates: Effectiveness and Side Effects – Taking Stock<https://www.suerf.org/webinars/1549/negative-interest-rates-effectiveness-a…> With Gaston Gelos, IMF, Florian Heider, ECB and Jesper Berg, Danish Financial Stability Authority. Moderated by Jakob de Haan, SUERF President About the webinar: Over past years, several central banks around the world have lowered policy rates below zero. Also, bond yields have entered negative territory as a result of central banks’ asset purchase programmes. How effective has negative interest rate policy been in stimulating aggregate demand and in bringing inflation up back to target? What were the effects on banks’ profitability and on the monetary transmission mechanism? What other side effects emerged? Speakers [cid:image007.jpg@01D73522.70749E10] [cid:image010.jpg@01D740F6.DEFCF050] [cid:image011.jpg@01D740F6.DEFCF050] [cid:image012.jpg@01D740F6.DEFCF050] Gaston Gelos Assistant Director, Chief of the Monetary and Macroprudential Policies Division, IMF Florian Heider Head, Financial Research ECB Jesper Berg Director General, Danish Financial Stability Authority Jakob de Haan SUERF President, Professor, University of Groningen After the presentations there will be time for questions and an interactive discussion. ________________________________ Registration<https://www.suerf.org/webinars>: To participate in the workshop please sign up here<https://www.suerf.org/webinars>. Feel free to share this invitation with colleagues in your institution who might be interested to attend! ________________________________ With friendly support of the Intesa Sanpaolo Chair in Economics of Financial Regulation, Bocconi University. SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&s…> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf(a)oenb.at<mailto:suerf@oenb.at>. Privacy Policy<https://www.suerf.org/privacy-policy> I Terms and Conditions<https://www.suerf.org/terms-and-conditions>. [Suerf On Twitter] <https://twitter.com/suerf_org> [Suerf On LinkedIn] <https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum> Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.

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FIW-News: Präsentation der Studie: Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen (Online event)
by fiw-pb 04 May '21

04 May '21

[FIW_Logo_de_en] English version Sehr geehrte Damen und Herren, wir möchten Sie über kommende Veranstaltungen ianformieren, zu denen wir Sie herzlich einladen. Folgende Veranstaltungen finden in Kürze statt: * Präsentation der Studie: Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen (Online event) * Reminder: Bilateral Trade Imbalances (Online Event) * Reminder: Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online Event) Präsentation der Studie: Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen (Online event) Das Bundeministerium für Digitalisierung und Wirtschaftsstandort (BMDW) lädt Sie und interessierte Kolleginnen und Kollegen am 17. 05. 2021 in der Zeit von 11:30 bis 12:30 Uhr zur Präsentation der Studie "Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen" ein. Diese wurde von einem Team des Kieler Instituts für Weltwirtschaft unter der Leitung von Univ.-Prof. Dr. Gabriel Felbermayr im Auftrag des BMDW verfasst. Im Anschluss an die Studienpräsentation wird ein hochkarätiges Panel die Ergebnisse und die Implikationen für die neue EU-Handelsstrategie diskutieren: * Margarete Schramböck (Bundesministerin für Digitalisierung und Wirtschaftsstandort) * Sabine Weyand (Leiterin der Generaldirektion Handel der Europäischen Kommission) * Gabriel Felbermayr (Präsident des Kieler Instituts für Weltwirtschaft) * Moderation: Hanna Kordik (Leiterin des Economist-Ressorts Die Presse) Die Veranstaltung findet als Zoom-Webinar statt, Teilnehmende können im Wege der Chat-Funktion mitdiskutieren. Nach Registrierung unter dem nachstehenden Link erhalten Sie Ihren persönlichen Zugangslink für die Veranstaltung: https://zoom.us/webinar/register/WN_m-nhwC2mSoGfIL5NdHyOkw Reminder: Einladung zum Seminar in International Economics: Bilateral Trade Imbalances (Online event) Bilateral Trade Imbalances (Online event) Vortragender: Alejandro Cuñat, University of Vienna Zeit: Donnerstag, 6. Mai 2021, 16:00 Uhr Registrierungslink: https://wiiw.ac.at/bilateral-trade-imbalances-online-event-e-516.html Dies ist eine Online-Veranstaltung über Zoom. Bitte registrieren Sie sich für den Einwahllink. Dieser wird Ihnen kurz vor der Veranstaltung zugesandt. Sprache: Englisch Description: This presentation is based on a paper<http://www.zymek.eu/papers.html> co-authored with Robert Zymek. Bilateral trade imbalances are determined by aggregate trade imbalances, production and expenditure patterns, and trade barriers. We calibrate a dynamic many-sector trade model to match the recent sectoral trade and production shares of 40 economies and the rest of the world. Through a variance decomposition and counterfactuals, the model allows us to assess the relative importance of these determinants for the observed variation in bilateral imbalances. Large pairwise asymmetries in residual trade "wedges" are needed for the model to match the data. These account for roughly 60% of the variation, with most of the rest due to differences in production and expenditure patterns. Aggregate trade imbalances play a minor role. A counterfactual trade policy which eliminates trade-wedge asymmetries would have sizeable effects on bilateral trade patterns and welfare. However, it would leave aggregate trade balances virtually unchanged. Reminder: Einladung zum Seminar in International Economics: Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online event) Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online event) Vortragender: Matt Burke, Bennett Institute for Public Policy and University of East Anglia Zeit: Donnerstag, 10. Juni 2021, 15:00 Uhr Registrierungslink: https://wiiw.ac.at/rising-temperatures-falling-ratings-the-effect-of-climat… Dies ist eine Online-Veranstaltung über Zoom. Bitte registrieren Sie sich für den Einwahllink. Dieser wird Ihnen kurz vor der Veranstaltung zugesandt. Sprache: Englisch Description: The presentation is based on a paper<https://ideas.repec.org/p/cam/camdae/2127.html> co-authored with Klusak, P., Agarwala, M., Kraemer, M. and Mohaddes, K. Enthusiasm for 'greening the financial system' is welcome, but a fundamental challenge remains: financial decision makers lack the necessary information. It is not enough to know that climate change is bad. Markets need credible, digestible information on how climate change translates into material risks. To bridge the gap between climate science and real-world financial indicators, we simulate the effect of climate change on sovereign credit ratings for 108 countries, creating the world's first climate-adjusted sovereign credit rating. Under various warming scenarios, we find evidence of climate-induced sovereign downgrades as early as 2030, increasing in intensity and across more countries over the century. We find strong evidence that stringent climate policy consistent with limiting warming to below 2oC, honouring the Paris Climate Agreement, and following RCP 2.6 could nearly eliminate the effect of climate change on ratings. In contrast, under higher emissions scenarios (i.e., RCP 8.5), 63 sovereigns experience climate-induced downgrades by 2030, with an average reduction of 1.02 notches, rising to 80 sovereigns facing an average downgrade of 2.48 notches by 2100. We calculate the effect of climate-induced sovereign downgrades on the cost of corporate and sovereign debt. Across the sample, climate change could increase the annual interest payments on sovereign debt by US$ 22-33 billion under RCP 2.6, rising to US$ 137-205 billion under RCP 8.5. The additional cost to corporates is US$ 7.2-12.6 billion under RCP 2.6, and US$ 35.8-62.6 billion under RCP 8.5. Wir freuen uns über Ihre Teilnahme an den Veranstaltungen. Mit freundlichen Grüßen Alexander Hudetz und Birgit Buschbom 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". __________________________________ Der Forschungsschwerpunkt Internationale Wirtschaft (FIW) (https://www.fiw.ac.at/) ist eine Kooperation zwischen der Wirtschaftsuniversität Wien (WU), der Universität Wien, der Johannes Kepler Universität Linz und der Universität Innsbruck, WIFO, wiiw und WSR. FIW wird von den Bundesministerien BMBFW und BMDW finanziert. Dear Sir or Madam, Today we would like to inform you about upcoming events to which we cordially invite you. The following events will take place soon: * Presentation of the study: Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen - in Geman (Online event) * Reminder: Bilateral Trade Imbalances (Online Event) * Reminder: Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online Event) Presentation of the study: Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen - in Geman (Online event) The Federal Ministry for Digital and Economic Affairs (BMDW) invites you and interested colleagues to the Presentation of the study "Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen" on May 17, 2021 from 11:30 to 12:30. The study was commissioned by the BMDW and written by a team from the Kiel Institute for the World Economy under the direction of Prof. Dr. Gabriel Felbermayr. Following the study presentation, a high-level panel will discuss the findings and implications for the new EU trade strategy: * Margarete Schramböck (Federal Minister for Digital and Economic Affairs) * Sabine Weyand (Director-General - Directorate-General "Trade" of the European Commission) * Gabriel Felbermayr (President of the Kiel Institute for the World Economy) * Moderation: Hanna Kordik (Head "Economist": Die Presse) The event will take place as a Zoom webinar (in German language). Participants can join in the discussion via the chat function. After registration under the link below you will receive your individual join link for the event: https://zoom.us/webinar/register/WN_m-nhwC2mSoGfIL5NdHyOkw Reminder: Invitation to Seminar in International Economics: Bilateral Trade Imbalances (Online event) Bilateral Trade Imbalances (Online event) Speaker: Alejandro Cuñat, University of Vienna Time: May 6, 2021, 4 p.m. Registration link: https://wiiw.ac.at/bilateral-trade-imbalances-online-event-e-516.html This is an online event via Zoom. Please register for the dial-in link. The link will be sent shortly before the event. Language: English Description: This presentation is based on a paper<http://www.zymek.eu/papers.html> co-authored with Robert Zymek. Bilateral trade imbalances are determined by aggregate trade imbalances, production and expenditure patterns, and trade barriers. We calibrate a dynamic many-sector trade model to match the recent sectoral trade and production shares of 40 economies and the rest of the world. Through a variance decomposition and counterfactuals, the model allows us to assess the relative importance of these determinants for the observed variation in bilateral imbalances. Large pairwise asymmetries in residual trade "wedges" are needed for the model to match the data. These account for roughly 60% of the variation, with most of the rest due to differences in production and expenditure patterns. Aggregate trade imbalances play a minor role. A counterfactual trade policy which eliminates trade-wedge asymmetries would have sizeable effects on bilateral trade patterns and welfare. However, it would leave aggregate trade balances virtually unchanged. Reminder: Invitation to Seminar in International Economics: Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online event) Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness (Online event) Speaker: Matt Burke, Bennett Institute for Public Policy and University of East Anglia Time: June 10, 2021, 3 p.m. Registrierungslink: https://wiiw.ac.at/rising-temperatures-falling-ratings-the-effect-of-climat… This is an online event via Zoom. Please register for the dial-in link. The link will be sent shortly before the event. Language: English Description: The presentation is based on a paper<https://ideas.repec.org/p/cam/camdae/2127.html> co-authored with Klusak, P., Agarwala, M., Kraemer, M. and Mohaddes, K. Enthusiasm for 'greening the financial system' is welcome, but a fundamental challenge remains: financial decision makers lack the necessary information. It is not enough to know that climate change is bad. Markets need credible, digestible information on how climate change translates into material risks. To bridge the gap between climate science and real-world financial indicators, we simulate the effect of climate change on sovereign credit ratings for 108 countries, creating the world's first climate-adjusted sovereign credit rating. Under various warming scenarios, we find evidence of climate-induced sovereign downgrades as early as 2030, increasing in intensity and across more countries over the century. We find strong evidence that stringent climate policy consistent with limiting warming to below 2oC, honouring the Paris Climate Agreement, and following RCP 2.6 could nearly eliminate the effect of climate change on ratings. In contrast, under higher emissions scenarios (i.e., RCP 8.5), 63 sovereigns experience climate-induced downgrades by 2030, with an average reduction of 1.02 notches, rising to 80 sovereigns facing an average downgrade of 2.48 notches by 2100. We calculate the effect of climate-induced sovereign downgrades on the cost of corporate and sovereign debt. Across the sample, climate change could increase the annual interest payments on sovereign debt by US$ 22-33 billion under RCP 2.6, rising to US$ 137-205 billion under RCP 8.5. The We are looking forward to your participation in the events. Kind regards Alexander Hudetz and Birgit Buschbom FIW Project Office It is not our philosophy to send you unwanted e-mails. If you do not wish to receive further e-mails from FIW, please write to the project office<mailto:fiw-pb@fiw.ac.at> with the subject "Unsubscribe". _____________________________________________________ The FIW - Research Centre International Economics (https://www.fiw.ac.at/) is a cooperation between the Vienna University of Economics and Business (WU), the University Vienna, the Johannes Kepler University Linz and the University of Innsbruck, WIFO, wiiw and WSR. FIW is funded by BMBFW and BMDW. [Titel: Logo des FIW - Beschreibung: Das ist das Logo Kompetenzzentrum Forschungsschwerpunkt Internationale Wirtschaft, das in Kooperation mit dem BMDW die AW-Vorlesungen organisiert.]

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Call for Papers Young Economists Conference 2021
by MOKRE Patrick 04 May '21

04 May '21

Liebe Kolleg*innen, Die Arbeiter*innenkammern in Wien und Oberösterreich sowie die Gesellschaft für Plurale Ökonomik Wien veranstalten auch 2021 die Young Economists Conference, diesmal unter dem Titel „Industrial Politics for Sustainable Work and a Green Transformation“. Die YEC bringt heterodoxe Forscher*innen am Beginn ihrer Karriere zusammen. Es ist auch eine gute Möglichkeit für PhD-Studierende und fortgeschrittene Masterstudierende, ihre Arbeiten und Ideen zu präsentieren. Eine ausgezeichnete Arbeit wird mit dem Eduard-März-Preis und € 1.000 prämiert. Ich wollte fragen, ob wir uns wie in den letzten Jahren auf Ihre Unterstützung in der Bewerbung der Veranstaltung verlassen dürfen? Ein Aussenden über Ihre Kanäle würde uns sehr helfen, die Konferenz unter den pandemiebedingt schwierigen Bedingungen abzuhalten. Ich erlaube mir, den Call for Papers an diese Email anzuhängen. Um eine kurze Rückmeldung wäre ich sehr dankbar. Mit freundlichen Grüßen, Patrick Mokre Dieses Mail ist ausschließlich für die Verwendung durch die/den darin genannten AdressatInnen bestimmt und kann vertrauliche bzw rechtlich geschützte Informationen enthalten, deren Verwendung ohne Genehmigung durch den/ die AbsenderIn rechtswidrig sein kann. Falls Sie dieses Mail irrtümlich erhalten haben, informieren Sie uns bitte und löschen Sie die Nachricht. UID: ATU 16209706 I https://wien.arbeiterkammer.at/datenschutz

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Herzliche Einladung: "Gender, Money and Finance" OeNB-SUERF-JVI-Konferenz | 20.-21. Mai 2021 (13:50 bzw. 14:00-17:15 CET) online
by Gnan, Ernest 30 Apr '21

30 Apr '21

Liebe Kolleginnen und Kollegen Ich darf Sie herzlich zum 1st Vienna Economic Dialogue der OeNB<https://www.oenb.at/>, von SUERF<https://www.suerf.org/> und dem JVI<https://www.jvi.org/home.html> zum Thema „Gender, Money and Finance“ einladen, der am 20. und 21. Mai jeweils nachmittags online stattfinden wird. Hochrangige Persönlichkeiten und renommierte Expertinnen aus Wirtschafts- und Geldpolitik (u.a. Christine Lagarde, EZB, und Kristalina Georgieva, IWF), der Finanzwelt und der akademischen Forschung werden ihre Analysen zum Thema mit uns teilen – siehe Programm weiter unten. Die Organisierenden würden sich sehr über Ihre Teilnahme freuen! Leiten Sie die Einladung bitte gerne auch an interessierte Kolleginnen und Kollegen weiter. Bitte registrieren Sie sich für eine Teilnahme unter diesem Link<https://www.suerf.org/registration/7247/gender-money-finance-2021?cid=04a2e…>. Mit freundlichen Grüßen im Namen des Wissenschaftlichen Komitees Ernest Gnan, SUERF und OeNB Hervé Joly, JVI Doris Ritzberger-Grünwald, OeNB Prof Dr Ernest Gnan Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan(a)oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org> If you cannot view this e-mail correctly, please click here<http://www.suerf.org/email-newsletter/12501/invitation-i-quotgender-money-a…>. [SUERF.ORG]<http://www.suerf.org/> Invitation SUERF.ORG<http://www.suerf.org> We have the pleasure of inviting you to the 1st Vienna Economic Dialogue, which will be hosted by the Oesterreichische Nationalbank (OeNB) in cooperation with SUERF and the Joint Vienna Institute (JVI). The conference will take place on May 20 and 21, 2021 and this year's topic will be: "Gender, money and finance"<http://www.suerf.org/gender-money-finance-2021?cid=04a2ecefb1d7190660f6795b…>. This conference deals with selected gender-related topics in money and finance: Does gender diversity affect economic outcomes? Would a more balanced gender mix in policy institutions such as central banks make for different or better decisions? Would a balanced gender mix in financial firms make the financial system safer? How does gender affect inflation perceptions? How does gender affect financial literacy, and what are the implications? Thursday, 20 May 2021 (Cisco Webex) 13:50 Opening by Barbara Kolm, Vice-President, OeNB 14:00 Session 1 – Gender and Economic Policy Making Moderator: Robert Holzmann, Governor, OeNB Kristalina Georgieva, Managing Director, International Monetary Fund Christine Lagarde, President, European Central Bank 15:45 Session 2 – Central Bank Decisions by Committee: Does Gender Matter? Moderator: Doris Ritzberger-Grünwald, Director, Economic Analysis and Research, OeNB Renée B. Adams, Professor, Saïd Business School, University of Oxford Sylvie Goulard, Vice Governor, Banque de France Paola Profeta, Professor, Bocconi University Jorgovanka Tabaković, Governor, National Bank of Serbia 17:15 End - Day 1 Friday, 21 May 2021 (Cisco Webex) 14:00 Session 3 – Gender and Risk Taking: Implications for Financial Firms and Regulation Moderator: Karin Turner-Hrdlicka, Director, Supervision of Significant Institutions, OeNB Khlood Aldukheil, CEO, Erteqa Financial Company Gerda Holzinger-Burgstaller, CEO, Erste Bank Österreich Becci McKinley Rowe, Managing Director, Co-Head of Fundamental Equities, Blackrock Julie A. Nelson, Professor Emerita of Economics, University of Massachusetts 15:45 Session 4 – Gender, Financial Literacy, Inflation and COVID-19 Moderator: Petia Niederländer, Director, Payment Systems, OeNB Sylvia Kritzinger, Professor, University of Vienna Annamaria Lusardi, Professor, George Washington University School of Business Andréa M. Maechler, Member of the Governing Board, SNB Angelika Sommer-Hemetsberger, Member of the Board of Executive Directors, OeKB Joanne Yoong, Program Director, University of Southern California 17:15 End - Day 2 ________________________________ REGISTER HERE<http://www.suerf.org/registration/7247/gender-money-finance-2021?cid=04a2ec…> - We kindly ask you to register in advance for the workshop under the following LINK<http://www.suerf.org/registration/7247/gender-money-finance-2021?cid=04a2ec…>. Do not hesitate to share this invitation with colleagues in your ins titution who might be interested to attend. ________________________________ We look forward to your participation! [http://www.suerf.org/images_newsletter/2021/04/t_3567f1b7d60443427ee60d2ecc…] SUERF - The European Money and Finance Forum<http://www.suerf.org/about-suerf?cid=04a2ecefb1d7190660f6795b9ea3d3ee&nid=6…> is a member-based non-profit association, designed to create an active network between professional economists, financial practitioners, central bankers and academics for the analysis and mutual understanding of monetary and financial issues. Follow us [Suerf On Twitter]<https://twitter.com/suerf_org> [Suerf On LinkedIn] <https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum> Please do not reply to this automated message. For any questions, please contact suerf(a)oenb.at<mailto:suerf@oenb.at>. Privacy Policy<https://www.suerf.org/privacy-policy> | Term and Conditions<http://www.suerf.org/terms-and-conditions> SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf(a)oenb.at<mailto:suerf@oenb.at>. Disclaimer: You are receiving this email because you are on our mailing list ‘Friends of SUERF’ for events and publications or because you previously attended the events organised by SUERF. If you no longer want to receive emails from us, please click here<http://www.suerf.org/email-newsletter/e5fc253b516e9f667591a666f74e3c47/67a9…>. _________________ Diese Nachricht wurde vom OeNB Mailserver TLS verschlüsselt empfangen Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.

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JKU economics research seminar 5.5.21
by René Böheim 29 Apr '21

29 Apr '21

Dear colleagues, we cordially invite you to our online research seminar Wednesday, 5th of May, 2021, 4pm: Daphné Skandalis (University of Copenhagen) "The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation" https://www.nber.org/papers/w28567 <https://www.nber.org/papers/w28567> Abstract: During the COVID-19 pandemic, the Federal Pandemic Unemployment Compensation (FPUC) increased US unemployment benefits by $600 a week. Theory predicts that FPUC will decrease job applications, and could decrease vacancy creation. We estimate the effect of FPUC on job applications and vacancy creation week by week, from March to July 2020, using granular data from the online jobs platform Glassdoor. We exploit variation in the proportional increase in benefits across local labor markets. To isolate the effect of FPUC, we flexibly allow for different trends in local labor markets differentially exposed to the COVID-19 crisis. We verify that trends in outcomes prior to the FPUC do not correlate with future increases in benefits, which supports our identification assumption. First, we find that a 10% increase in unemployment benefits caused a 3.6% decline in applications, but did not decrease vacancy creation; hence, FPUC increased tightness (vacancies/applications). Second, we document that tightness was unusually depressed during the FPUC period. Altogether, our results imply that the positive effect of FPUC on tightness was welfare improving: FPUC decreased competition among applicants at a time when jobs were unusually scarce. Our results also help explain prior findings that FPUC did not decrease employment. Daphné is Assistant Professor at the University of Copenhagen and received the Ph.D. from CREST in 2018. Her research is in labor economics, applied econometrics, and policy evaluation. She is especially interested in the determinants of workers’ expectations, job search behavior, and labor market outcomes. Recent publication: * Unemployment Insurance and Job Search Behavior, with Ioana Marinescu, Quarterly Journal of Economics (Forthcoming). Please register at https://www.jku.at/en/department-of-economics/research/research-events/onli… <https://www.jku.at/en/department-of-economics/research/research-events/onli…> for the zoom link. With best regards, René Böheim -- PD René Böheim, PhD Department of Economics JOHANNES KEPLER UNIVERSITÄT LINZ Altenberger Straße 69 4040 Linz, Österreich P +43-732-2468-7369 www.econ.jku.at/boeheim <http://www.econ.jku.at/boeheim> Research: http://ideas.repec.org/e/pbh15.html <http://ideas.repec.org/e/pbh15.html>

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