- NOeG-l - Wirtschaftsuniversität Wien

Call for Submissions: 2nd Vienna Workshop on Economic Forecasting 2020: June 4-5, 2020
by IHS Event 16 Jan '20

16 Jan '20

[Logo IHS - Institut für Höhere Studien Institute for Advanced Studies] 2nd Vienna Workshop on<https://www.ihs.ac.at/events/conference-series/forecasting-workshop/vienna-…> Economic Forecasting 2020<https://www.ihs.ac.at/events/conference-series/forecasting-workshop/vienna-…> Conference Call for Submissions Date: June 4-5, 2020 Venue: Institut für Höhere Studien (IHS), Josefstädterstraße 39, 1080 Vienna, Austria We invite you to submit a paper or an abstract to our 2nd Vienna Workshop on Economic Forecasting 2020. The 2nd Vienna Workshop on Economic Forecasting 2020<https://www.ihs.ac.at/events/conference-series/forecasting-workshop/vienna-…>, hosted by the Institute for Advanced Studies (IHS), will take place from June 4-5, 2020. The conference welcomes contributions from different approaches to economic forecasting, including forecasts based on time series models (VAR, SVAR, Factor Models,...), DSGE models, large scale structural models or forecasting using microeconomic data (big data). Another topic of interest is forecast evaluation. The goal of this conference is to exchange ideas and to discuss recent results and developments in economic forecasting. Authors working in applications or theory of economic forecasting are invited to submit their work. Invited Speakers Gerhard Arminger (University of Wuppertal) Matteo Ciccarelli (European Central Bank) Philip Hans Franses (Erasmus University Rotterdam) Michael W McCracken (Federal Reserve Bank of St. Louis) Scientific Committee Manfred Deistler (TU Wien and IHS) Domenico Giannone (Federal Reserve Bank of New York) Sylvia Kaufmann (Study Center Gerzensee and Swiss National Bank) Robert Kunst (University of Vienna and IHS) Helmut Lütkepohl (German Institute for Economic Research (DIW Berlin) and FU Berlin) Hashem Pesaran (University of Southern California and Cambridge University) Dick van Dijk (Erasmus University Rotterdam) Martin Wagner (University of Klagenfurt, Bank of Slovenia, and IHS) Registration and Submission Registration and online submission of an abstract will open soon through the conference management system Conftool. Submissions must be received by February 29, 2020. Acceptance for presentation (oral or poster) will be communicated by March 22, 2020. Conference Website https://www.ihs.ac.at/events/conference-series/forecasting-workshop/vienna-… Key dates Submission deadline: February 29, 2020 Date of notification: March 22, 2020 Early fee registration until: April 5, 2020 Final program: April 6, 2020 Late registration: April 6, 2020-June 3, 2020 Date of event: June 4, 2020-June 5, 2020 Registration fees Registration fees include workshop participation and workshop dinners. Early Registration (until April 5, 2020): EUR 140,00 Late Registration (April 6, 2020 - June 3, 2020): EUR 180,00 Local Organizers Robert Kunst (University of Vienna and IHS) Martin Wagner (University of Klagenfurt, Bank of Slovenia, and IHS) Contact Institut für Höhere Studien - Institute for Advanced Studies (IHS) Josefstädter Straße 39, 1080 Vienna, Austria E-Mail: office.forecasting(a)ihs.ac.at<mailto:office.forecasting@ihs.ac.at> Imprint Institut für Höhere Studien - Institute for Advanced Studies (IHS) Josefstädter Straße 39, 1080 Vienna How to get to the IHS<https://www.ihs.ac.at/about/contact/how-to-get-to-the-ihs/> Tel: +43-1-59991-0 Fax: +43-1-59991-555 Email: office(at)ihs.ac.at<mailto:office@ihs.ac.at> Web: www.ihs.ac.at<http://www.ihs.ac.at> ZVR-Zahl: 066207973 Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107. Sollten Sie keine weiteren Zusendungen wünschen, senden Sie uns bitte eine kurze Mitteilung: event(a)ihs.ac.at<mailto:event@ihs.ac.at>. Diese Zusendung wurde auch an noeg-l(a)wu.ac.at<mailto:noeg-l@wu.ac.at> (https://mailman.wu.ac.at/mailman/listinfo/noeg-l) gesendet Unsere Datenschutzerklärung finden Sie hier<https://ihs.ac.at/de/datenschutzerklaerung>. If you no longer wish to receive our mailings please send an e-mail to: event(a)ihs.ac.at<mailto:event@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) You can find our privacy policy here<https://ihs.ac.at/privacy-policy>.

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INVITATION: FIW-wiiw Seminars in International Economics, 30 January 2020
by wiiw Events (noeg) 16 Jan '20

16 Jan '20

View this email in your browser [https://wiiw.ac.at/files/mailings/event-202001160908-en.html] _in cooperation with _ [Research Centre International Economics (FIW)] [http://fiw.ac.at/index.php?id=1&L=3] Dear colleague, we cordially invite you to the following event: STRUCTURAL CHANGE IN THE CHINESE ECONOMY AND CHANGING TRADE RELATIONS WITH THE WORLD EDDY BEKKERS World Trade Organisation THURSDAY, 30 JANUARY 2020, 3:00 PM (15:00 CET) wiiw, Rahlgasse 3, 1060 Vienna FIW-wiiw Seminars in International Economics [https://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html] _The presentation is based on a paper_ _co-authored with Robert Koopman and Carolina lemos Rego._ This paper examines the impact of structural change in China, in particular a reduction in the savings rate, an increase in the share of skilled workers, and an increase in productivity in technologically advanced manufacturing sectors targeted by Made in China 2025. Baseline projections until 2040 are generated with the WTO Global Trade Model, a dynamic computable general equilibrium model. With the modelled structural changes the Chinese economy is projected to reorient its focus increasingly onto the domestic economy, raising the share of private household and government consumption in GDP, turning China’s trade surplus into a trade deﬁcit, reducing China’s share in global exports, raising the share of services in both production and exports, shifting the destination markets of Chinese exports from developed to developing countries, and changing its pattern of comparative advantage away from sectors like light and heavy manufacturing to electronic and machinery equipment. The large bilateral trade surplus vis-a-vis the United States is projected to fall to almost zero. _Paper and presentation, when available, are posted online after the seminar._ WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/bc-e-er-454.html] for the event. Participation is free of charge. Best regards, Olga Pindyuk [https://wiiw.ac.at/olga-pindyuk-s-21.html] _Organiser_ Robert Stehrer [https://wiiw.ac.at/robert-stehrer-s-16.html] _Scientific Director_ wiiw The Vienna Institute for International Economic Studies Rahlgasse 3, 1060 Vienna, Austria wiiw(a)wiiw.ac.at, wiiw.ac.at [https://wiiw.ac.at] T: +43 1 533 66 10 [tel:+4315336610] [http://www.facebook.com/wiiw.economic.studies] [http://www.twitter.com/wiiw_news] [http://www.linkedin.com/company/vienna-institute-for-international-economic…] [http://www.youtube.com/channel/UCyNuSfsgzgBsIf7AaH8Vk-Q] [https://wiiw.ac.at/rss.php] Copyright ©2020 wiiw, all rights reserved.

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Kurt Rothschild Preis 2020
by peter mooslechner 15 Jan '20

15 Jan '20

Liebe NOeG-Kolleginnen und Kollegen! Anbei darf ich Euch die Unterlagen zur Ausschreibung des Kurt Rothschild Preises 2020 mit der Einladung zur Bewerbung bzw. der Bitte um Weiterleitung/Weitergabe an interessierte Kolleginnen und Kollegen übermitteln. Nähere Details und Hinweise zur Einreichung in den Attachments! Wichtig: Ende der Einreichfrist ist der 27. April 2020!!! Mit besten Grüßen, Peter Mooslechner

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Stellenausschreibung Gesundheit Österreich GmbH
by Florian Bachner 15 Jan '20

15 Jan '20

Sehr geehrte Damen und Herren, die Gesundheit Österreich GmbH sucht zum ehestmöglichen Eintritt eine/n wissenschaftliche/n Mitarbeiter/in im Bereich "Gesundheitsökonomie und -systemanalyse". Details zur Bewerbung entnehmen Sie bitte dem Anhang. Mit freundlichen Grüßen Mag. Florian Bachner Abteilungsleiter Gesundheitsökonomie und -systemanalyse Gesundheit Österreich GmbH Stubenring 6 1010 Wien T: +43 1 515 61-288 F: +43 1 513 84 72 florian.bachner(a)goeg.at<mailto:florian.bachner@goeg.at> www.goeg.at<http://www.goeg.at/> Diese Nachricht und allfällige angehängte Dokumente sind vertraulich und nur für den/die Adressaten bestimmt. Sollten Sie nicht der beabsichtigte Adressat sein, ist jede Offenlegung, Weiterleitung oder sonstige Verwendung dieser Information nicht gestattet. In diesem Fall bitten wir, den Absender zu verständigen und die Information zu vernichten. Für Übermittlungsfehler oder sonstige Irrtümer bei Übermittlung besteht keine Haftung. This message and any attached files are confidential and intended solely for the addressee(s). Any publication, transmission or other use of the information by a person or entity other than the intended addressee is prohibited. If you receive this in error please contact the sender and delete the material. The sender does not accept liability for any errors or omissions as a result of the transmission.

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Conference "Understanding the migration - vocational education nexus", 21 January 2020, Vienna
by Raza Werner 15 Jan '20

15 Jan '20

Conference "Understanding the migration - vocational education nexus. Constraints and potentials." Tuesday, January 21, 2020, 09.00-16.00 C3 - Centre for International Development, Sensengasse 3, 1090 Vienna Speakers: Stefan Wolf (TU Berlin), Volker Wedekind (University of Nottingham), Gudrun Biffl (Donau-Universität Krems), Bettina Fellmer (GIZ, Bereich Flucht, Migration, Rückkehr), Edith Vasilyev (IOM Austria), Ali Safi (Donau Universität Krems & VIDC), Matthias Themal (ADA). Migration has become a controversially debated issue and a policy priority, and this is also true for the field of international development. Recent years have seen the booming of 'tackling the root causes' policy approaches in an effort to deter emigration with foreign aid. Education and technical and vocational education (TVET) have been identified as part of the policy toolkit. In fact, policy discourse assumes that TVET in developing countries contributes to employment and growth as the basis for improved livelihoods and decreased motivation to emigrate. By contrast, existing research identifies higher levels of education as one of the major push factors for emigration. In short, the underlying relation between education/TVET and migration is highly complex and far from being straightforward. The conference aims at bringing together researchers and practitioners in the realm of TVET, migration and development in order to facilitate an in-depth discussion on the potential role of TVET in mitigating migration pressure. It will seek to analyse the economic, social, political and cultural conditions that shape the relationship between TVET and migration. In addition, it will also discuss lessons of experience and draw conclusions for the policy level. Please register at: registration(a)oefse.at<mailto:registration@oefse.at>

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Call for Papers // Third Behavioral Macroeconomics Workshop
by Gasteiger, Emanuel 14 Jan '20

14 Jan '20

Dear colleagues, I would like to draw your attention to our Call for Papers for the Third Behavioral Macroeconomics Workshop: ``Heterogeneity and Expectations in Macroeconomics and Finance'' Date: May 28th-30th, 2020 Location: University of Bamberg Key Note Speakers: - Jasmina Arifovic, Simon Fraser University - Cars Hommes, University of Amsterdam More information: https://www.uni-bamberg.de/en/bamberg-graduate-schools-promotionsprogramme/… Call for Papers as PDF: https://www.uni-bamberg.de/fileadmin/060322/Promotionskolleg_Makrooekonomik… We look forward to your submissions. Kind regards, Emanuel Gasteiger TU Wien - Institute of Statistics and Mathematical Methods in Economics Wiedner Hauptstraße 8/E105-3 1040 Wien, Austria Office Phone: +43 1 58801 10533 Email: emanuel.gasteiger(a)tuwien.ac.at Web: http://www.urleiwand.com

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Hugh Pill, Aurel Schubert: "Monetary Policy Strategy Review of the ECB", Public Lecture, Jan 22
by Schäfer, Guido 13 Jan '20

13 Jan '20

You are cordially invited to the following public lectures at WU Wien: *Workshop „The Monetary Policy Strategy Review of the ECB”* *Wednesday 22, January 2020* 9.00 – 10.00h: *Aurel Schubert: „A new monetary policy strategy for the ECB – Elements and issues”* Honorary Professor, Department of Economics, WU Vienna; former Director General Statistics, European Central Bank 10.00 – 11.00h: *Huw Pill: „Whatever it took, whatever it takes – Helicopter money at the ECB?“* Senior Lecturer, Harvard University; former Partner and Chief European Economist, Goldman Sachs; former Deputy Director General Research, European Central Bank 11.00 – 11.30h: *Hanns Abele Prize 2019* Wednesday, January 22, 2020 9:00 a.m. - 11:30 a.m. Location: Galerie, Building LC (Learning Center), Ground Floor (behind the WU Shop) Wirtschaftsuniversität Wien Welthandelsplatz 1, 1020 Wien The event is jointly organized by Aurel Schubert, former Director General Statistics, ECB and the Institute for Analytical Economics at WU Wien. See our website for previous events: https://www.wu.ac.at/vw5/europa-mitgestalten 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 <mailto:Guido.Schaefer@wu.ac.at>

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Einladung zur Vortragsreihe "WIFO Research Seminar" am 28. Jänner 2020, 13:30 Uhr
by WIFO-Veranstaltungen 13 Jan '20

13 Jan '20

Um die graphische Version (HTML) dieses E-Mails zu sehen, klicken Sie auf den folgenden Link, oder kopieren Sie ihn in Ihren Browser: < https://newsletter.wifo.ac.at/sys/w.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > Einladung: WIFO Research Seminar zum Thema "Inequality and the Marriage Gap" ------------------------------------------------------------- ------------------------------------------------------------- Sehr geehrte Damen und Herren, das WIFO lädt Sie herzlich zum nächsten Termin der Vortragsreihe WIFO Research Seminar ein: Dienstsag, 28. Jänner 2020, 13:30 Uhr WIFO, Kleiner Sitzungssaal Nawid Siassi (TU Wien) "Inequality and the Marriage Gap" Kommentar: Walter Hyll (WIFO) Abstract: Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the distributions of earnings and wealth are highly concentrated, even when disaggregated into single and married households. At the same time, there is a large marriage gap: married people earn on average 26 percent more income, and they hold 35 percent more net worth. To account for these facts, I develop a general equilibrium model where females and males face uninsurable income risk and make decisions on consumption-savings, labor supply and marriage formation. In a calibrated version of the model, I show that selection into marriage based on productive characteristics, an effective tax bonus for married couples, and stronger bequest motives for households with descendants are key to accounting for the marriage gap in earnings and wealth. A policy experiment of moving from joint tax filing for married couples to separate filing yields output gains and more marital sorting. Bei Interesse am Besuch dieses Vortrages schicken Sie bitte (bis einen Tag vor der Veranstaltung) eine formlose Anmeldung an veranstaltungen(a)wifo.ac.at, um uns die Abschätzung des Raumbedarfs zu erleichtern. Um diesen Vortrag in Ihren Kalender zu importieren, klicken Sie bitte hier < https://newsletter.wifo.ac.at/sys/r.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > . Wir freuen uns, Sie zu diesem Vortrag am WIFO begrüßen zu dürfen! _____________________________________________ Agnes Kügler WIFO - Österreichisches Institut für Wirtschaftsforschung Arsenal, Objekt 20 1030 Wien Tel.: +43 (1) 798 26 01-303 Fax: +43 (1) 798 93 86 Web: http://www.wifo.ac.at E-Mail: Agnes.Kuegler(a)wifo.ac.at © 2019 Österreichisches Institut für Wirtschaftsforschung 1030 Wien, Arsenal, Objekt 20 Impressum < https://newsletter.wifo.ac.at/sys/r.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > | AGB < https://newsletter.wifo.ac.at/sys/r.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > | Datenschutzerklärung < https://newsletter.wifo.ac.at/sys/r.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > Tel.: +43 (0) 1 798 26 01-0 Fax: + 43 (0) 1 798 93 86 E-Mail: publikationen(a)wifo.ac.at < https://newsletter.wifo.ac.at/sys/r.aspx?sub=UKvft_2C3JXw&tid=1-19aP2z-2ftq… > ------------------------------------------------------------- Persönliche Daten ändern: < https://newsletter.wifo.ac.at/sys/r.aspx?sl=1vB&mid=8ebb9526&sub=UKvft_2C3J… > ------------------------------------------------------------- Weiterleiten: < https://newsletter.wifo.ac.at/sys/r.aspx?sl=1nh&mid=8ebb9526&sub=UKvft_2C3J… > ------------------------------------------------------------- Newsletter abbestellen: < https://newsletter.wifo.ac.at/sys/r.aspx?sl=1vC&mid=8ebb9526&sub=UKvft_2C3J… > -------------------------------------------------------------

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INVITATION: Expanding the Technological Frontier of Macroeconomic Modeling, 20 January 2020
by wiiw Events (noeg) 13 Jan '20

13 Jan '20

View this email in your browser [https://wiiw.ac.at/files/mailings/event-202001130851-en.html] Dear colleague, we cordially invite you to the following event: EXPANDING THE TECHNOLOGICAL FRONTIER OF MACROECONOMIC MODELING MICHAEL MIESS Vienna University of Economics and Business (WU Wien) MONDAY, 20 JANUARY 2020, 5:00 PM (17:00 CET) wiiw, Rahlgasse 3, 1060 Vienna, library (2nd floor) The potential of agent-based models (ABMs) to complement or even gradually replace existing economic models has been pointed out for more than three decades. However, the success of ABMs in entering the heartland of the economic profession so far has been limited. In this context, it might be useful to view ABMs as a disruptive innovation (or methodology) that still has to assert itself against existing technologies, i.e. the methods and models used by the majority of economists. I will present a novel macroeconomic ABM that surpasses the state of the art in AB modelling along several dimensions, showing that ABMs have matured and are ready to enter the toolbox of economic models for policy analysis and forecasting. This ABM is validated by comparing its forecasting performance to that of more conventional techniques for economic modelling, i.e. simple time series models and a standard DSGE model. The macroeconomic ABM introduces several innovations to the field of AB modelling. Firstly, it achieves a realistic depiction of an actual economy (Austria) by estimation to detailed data from national accounts, input-output tables, government statistics, census data, and business demography data. Furthermore, and also unique in comparable literature, this model incorporates all economic entities of a national economy, i.e. all households (more than 8 million) and firms (more than 600,000) of the Austrian economy are represented by agents within the model. Moreover, several open issues in ABM literature are addressed by adhering closely to these data sources, respecting identities of the system of national accounts, and by adopting simple formulations to structure agents' behavior. In particular, the model proposes solutions to several long-standing and well-known problems of ABMs, including ad-hoc and arbitrary assumptions, comparability between different models, transparency and reproducibility, over-parameterization, estimation and calibration, empirical validation, as well as interpretation and generalization of results. Especially, our ABM approach allows reducing the number of free parameters - i.e. parameters that cannot directly be set according to empirical data and have to be calibrated using techniques that focus on replicating 'stylized facts' of actual economies - to zero. Therefore, this ABM is not subject to the parameter identification problem, which relates to multiple sets of admissible parameters that produce the same model result. Additionally, this ABM is able to abstract from what is known as a transient or 'burn-in' phase in ABM literature, i.e. possibly long periods of time where these models usually exhibit volatile and irregular behavior and which usually are discarded for analysis of model results. Contrary to such a burn-in phase, this ABM offers a stable and clearly interpretable depiction of an actual economy starting from the first quarter of the simulation period. These features turn this ABM into a viable tool for economic forecasting and policy analysis. MICHAEL GREGOR MIESS (*1983 in Innsbruck, Austria) is actively researching in the fields of macroeconomics, macroeconomic modelling (agent-based, stock flow consistent, and computable general equilibrium models), financial markets and their link to the real economy, as well as ecological economics. He is currently affiliated with the Institute for Ecological Economics at the Vienna University of Economics and Business (WU Wien), and with the Institute for Advanced Studies (IHS) Vienna. Michael is a graduate in economics from the University of Vienna, and has obtained his PhD in economics at WU Wien in November 2019. Michael's work for his PhD thesis focused on the development and methodology of empirical agent based models (ABMs), conducted in cooperation the International Institute for Applied Systems Analysis (IIASA) in Laxenburg. He has participated in building an ABM for the Austrian economy incorporating a wide range of macroeconomic data sources (national accounts, input-output tables, government statistics, census data and business surveys). This model is able to outperform standard time series models (ARMA, VAR models) and a standard DSGE model in short- to medium-term forecasting of major macroeconomic variables, and has a large potential for scenario and policy analysis. Currently, at the Institute for Ecological Economics at WU Wien, Michael is involved in projects funded by the Austrian Central Bank. His focus here is on the development of stock-flow consistent (SFC) macroeconomic models. One aspect of his work with SFC models is to explore harmonized policy responses to mitigate financial-risks related to climate change and thus to smoothing the low-carbon transition. Moreover, Michael co-developed an SFC model that is able to depict credit-fueled financial cycles due to credit creation by the financial sector, causing asset price inflation and influencing investment behavior by firms (financial vs. real investment). At IHS, Michael has co-developed an innovative hybrid top-down bottom-up computable general equilibrium (CGE) model with focus on energy provision and environmental effects. This model has repeatedly been used for policy-related studies for Austrian ministries. Michael has coordinated and researched for a trans-national project (DEFINE) co-funded by the European Commission that featured the extension and application of this CGE model to analyze a large-scale shift to electromobility in Austria, Germany and Poland. _Powerpoint presentation, as far as available, will be posted on this page after the seminar._ WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/bc-e-er-455.html] for the event. Participation is free of charge. Best regards, Philipp Heimberger [https://wiiw.ac.at/philipp-heimberger-s-1138.html] _Organiser_ Robert Stehrer [https://wiiw.ac.at/robert-stehrer-s-16.html] _Scientific Director_ wiiw The Vienna Institute for International Economic Studies Rahlgasse 3, 1060 Vienna, Austria wiiw(a)wiiw.ac.at, wiiw.ac.at [https://wiiw.ac.at] T: +43 1 533 66 10 [tel:+4315336610] [http://www.facebook.com/wiiw.economic.studies] [http://www.twitter.com/wiiw_news] [http://www.linkedin.com/company/vienna-institute-for-international-economic…] [http://www.youtube.com/channel/UCyNuSfsgzgBsIf7AaH8Vk-Q] [https://wiiw.ac.at/rss.php] Copyright ©2020 wiiw, all rights reserved.

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REMINDER - deadline approaching for 31 January 2020: Lamfalussy Research Fellowships 2020 - Call for proposals
by Ritzberger-Gruenwald, Doris 10 Jan '20

10 Jan '20

Mit der Bitte um Weiterleitung an mögliche Interessenten und Interessentinnen. Doris Ritzberger-Grünwald Director Economic Analysis and Research Department Oesterreichische Nationalbank Von: Lamfalussy.fellowships(a)ecb.europa.eu <Lamfalussy.fellowships(a)ecb.europa.eu> Gesendet: Freitag, 10. Januar 2020 10:07 An: Lamfalussy.fellowships(a)ecb.europa.eu Betreff: REMINDER - deadline approaching for 31 January 2020: Lamfalussy Research Fellowships 2020 - Call for proposals REMINDER PLEASE FORWARD TO YOUNG RESEARCHERS AND SENIOR PH.D. STUDENTS Lamfalussy Research Fellowship Call for proposals The European Central Bank (ECB) is seeking applications from promising young researchers for up to five Lamfalussy Fellowships in 2020. The Lamfalussy Fellowship programme<https://www.ecb.europa.eu/pub/economic-research/programmes/lamfalussy/html/…> was launched in 2003 and aims to promote high-quality research on the structure, integration and performance of the European financial system. The programme is named after the late Baron Alexandre Lamfalussy, the first President of the European Monetary Institute. Each fellowship is endowed with an honorarium of €10,000. The selection committee will be composed of Elena Carletti (Università Bocconi), Victoria Ivashina (Harvard Business School), Agnese Leonello (ECB), Simone Manganelli (ECB) and Rafael Repullo (CEMFI). Research projects Successful candidates will be required to write a research paper over the course of 2020 in one of the following areas. (i) The interaction between monetary policy and prudential policies in a low interest rate environment, with a particular focus on the implications of negative rates for: * bank profitability and resilience; * the monetary policy transmission mechanism. (ii) Future challenges for banks: * the substitutability and complementarity of financial services offered by fintech and other non-bank intermediaries; * central bank digital currency; * climate change and the transition to a low-carbon economy. (iii) Completing Economic and Monetary Union: * the impact of liquidity regulation, the EU resolution framework and other banking union reforms on financial integration and stability; * key factors and policies for achieving a genuine capital markets union. Lamfalussy Fellows are expected to present their papers at relevant ECB conferences and, ultimately, to have them published in the ECB Working Paper Series and in leading peer‑reviewed journals. Candidate profile Applicants should be no more than 36 years old by the deadline for submission. Researchers at the assistant professor level and PhD students whose research is at a very advanced stage are particularly encouraged to apply. None of the authors involved in the paper may be in an employment relationship with the ECB. Applications Applications should be submitted in English and include the following: * a cover letter; * a curriculum vitae; * two letters of recommendation; * a two-page research proposal falling under one of the topics mentioned above; * a statement indicating the candidate’s current sources of funding and date of birth. Applications should be sent by email to lamfalussy.fellowships(a)ecb.europa.eu<mailto:lamfalussy.fellowships@ecb.europa.eu> no later than 31 January 2020 (before 24:00 CET). To further enhance diversity, the ECB particularly encourages applications from female candidates. The selection committee aims to award five fellowships by April 2020. About Baron Lamfalussy Alexandre Lamfalussy was one of the leading central bankers of his time and also one of the main supporters of a single capital market within the European Union. He was a member of the Delors Committee for the Study of European Economic and Monetary Union (EMU), the General Manager of the Bank for International Settlements and the first President of the European Monetary Institute (in charge of preparing the third stage of EMU). Furthermore, he was an Executive Director of Banque Bruxelles Lambert and the Chairman of EuroMTS. He also chaired the “Committee of Wise Men on the Regulation of European Securities Markets”, whose reform proposals were adopted by the European Council in Stockholm in March 2001. Baron Lamfalussy was born in Hungary in 1929 and studied at the Catholic University of Louvain in Belgium. He obtained a doctorate (D.Phil.) in economics from Oxford University (Nuffield College) and taught at the University of Louvain and Yale University. He was the author of numerous research articles and books on economic policy. He passed away on 9 May 2015. 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