- NOeG-l - Wirtschaftsuniversität Wien

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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Invitation, Lecture Robert Hahn, Friday April 17 2015
by wolfgang.weigel＠univie.ac.at 25 Mar '15

25 Mar '15

Peter Lewisch Chair, CEAL Wolfgang Weigel, Chair, Joseph von Sonnenfels Center 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 The following section of this message contains a file attachment prepared for transmission using the Internet MIME message format. If you are using Pegasus Mail, or any other MIME-compliant system, you should be able to save it or view it from within your mailer. If you cannot, please ask your system administrator for assistance. ---- File information ----------- File: hts_1.JPG Date: 25 Mar 2015, 12:07 Size: 200723 bytes. Type: Unknown

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Invitation: Econometrics Research Seminar (April 9): Michele Lenza
by Economics Department 24 Mar '15

24 Mar '15

[cid:image002.png@01D06642.289C48F0] ECONOMETRICS RESEARCH SEMINAR INVITATION 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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REMINDER: Invitation: Vienna Joint Economics Seminar (March 26): Fabiano Schivardi and Hervé Crès
by Economics Department 23 Mar '15

23 Mar '15

[cid:image002.png@01CEBF6B.D0B28790] VIENNA JOINT ECONOMICS SEMINAR INVITATION R E M I N D E R The University of Vienna and the Department of Economics and Finance at the Institute for Advanced Studies cordially invite you to the following Vienna Joint Economics Seminar <http://www.ihs.ac.at/vienna/resources/Economics/Papers/20130226_Paper_Zimme…> Thursday, March 26, 2015 University of Vienna, Oskar-Morgenstern-Platz 1, 1090 Vienna, HS 5, ground floor 4:00 pm Fabiano Schivardi<didattica.unibocconi.eu/docenti/cv.php?rif=176146i> and Hervé Crès<https://nyuad.nyu.edu/en/academics/faculty/herv-crs.html> Università Bocconi NYU Abu Dhabi The Impact of Female Leadership on Gender Gaps and Firm Performance (Fabiano Schivardi) We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This evidence is consistent with a model where female executives are better equipped at interpreting signals of productivity from female workers. This suggests substantial costs of under-representation of women at the top: for example, if women became CEOs of firms with at least 20% female employment, sales per worker would increase 6.7%.<http://didattica.unibocconi.eu/docenti/cv.php?rif=176146i> paper jointly with Luca Flabbi, Mario Macis and Andrea Moro Economic Correctness: Why Incomplete Markets Might<http://didattica.unibocconi.eu/docenti/cv.php?rif=176146i> Never Fail. (Hervé Crès<https://nyuad.nyu.edu/en/academics/faculty/herv-crs.html>) Incomplete markets fail to promote allocative efficiency because at equilibrium shareholders typically use different present values to discount future income flows. Moreover, since shareholders disagree on how to run the firms, an aggregation mechanism needs to be designed, and it is not granted that resulting collective choices are productively efficient. We challenge this conventional wisdom in a setup where agents have heterogenous beliefs by proposing a general equilibrium notion of reciprocal aggregation: Firms aggregate the preferences of shareholders, and reciprocally shareholders update their beliefs by aggregation of perceived firms' (virtual) beliefs. We show how a mere unanimity condition for both aggregation mechanisms restores the first welfare theorem. paper jointly with Mich Tvede 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 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 ECONOMICS SEMINARS <https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> IN VIENNA<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> on Google calendar<https://www.google.com/calendar/embed?src=o7e40khrmr1vn2lo20mhbe539g%40grou…> [cid:image003.jpg@01CEBF6B.D0B28790]<http://economics.ihs.ac.at/> [cid:image004.jpg@01CEBF6B.D0B28790]<http://econ.univie.ac.at/home/> [http://www.ihs.ac.at/vienna/resources/Economics/Others/FB-f-Logo__blue_512.…]<https://www.facebook.com/IHS.Economics.and.Finance> [http://www.ihs.ac.at/vienna/resources/Economics/Others/twitter-bird-white-o…] <https://twitter.com/IHS_Eco_Fin> [http://www.ihs.ac.at/vienna/resources/Economics/Others/feed-icon-28x28.png] <http://www.facebook.com/feeds/page.php?id=177236688990366&format=atom10> Diese Zusendung erfolgt entsprechend den Bestimmungen des TKG 247107 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)lists.univie.ac.at<mailto:noeg-l@lists.univie.ac.at> (https://lists.univie.ac.at/mailman/listinfo/noeg-l)

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