Dear Colleague, We cordially invite you to the wiiw-FIW-Seminar in International Economics on Thursday, April 16th, 4 pm wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (ground floor) Macroeconomic Stability and the Single European Labor Market Timo Baas University of Duisburg-Essen Abstract The Single European Labor Market is more and more seen as an instrument to face short-term challenges like diverging unemployment rates and asymmetric business cycles. Most labor economists, however, agree that the common labor market is far from completion even though migration increased strongly after EU-enlargement. It is, therefore, an open question to which extend this unfinished common market performs its function. In this paper, we analyze the impact of economic conditions on bilateral migration from Poland to Germany by estimating a two-country DSGE model using Bayesian methods. Our findings imply that migration, indeed, follows cyclical patterns and that it fosters economic stability. This, however, only holds true for the country of origin, as macroeconomic shocks of the destination country have a minor impact on migration. Keywords: DSGE model, migration, open economy macroeconomics, Bayesian econometrics JEL Classification: F22, F41, E32 After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks. This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a center of excellence in research on International Economics, funded by the Austrian Ministry of Science, Research and Economy (BMWFW). The seminar programme is regularly updated. Please visit our website for the current version of the programme at: http://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html http://www.fiw.ac.at/index.php?id=748 (Papers and presentation slides, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.) Best regards Julia Grübler Organizer -- Michaela Bönisch Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) The Vienna Institute for International Economic Studies Rahlgasse 3, A-1060 Wien T: +43 1 533 66 10 - 40 F: +43 1 533 66 10 - 50 boenisch@wiiw.ac.at http://www.wiiw.ac.at/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you do not want to receive further mailings please send an e-mail to boenisch@wiiw.ac.at Falls Sie keine weiteren Zusendungen des wiiw wünschen senden Sie bitte ein E-Mail an boenisch@wiiw.ac.at