Friday Seminars

2013

1021.6.2013Stefano Battiston (ETH Zürich)DebtRank: Too Central to Fail
912.6.2013Athanasios Orphanides (MIT)The politics of the euro area crisis and the ECB
87.6.2013Johannes Boehm (LSE)Contract Enforcement Costs, Productivity, and Industry Structure Across Countries
724.5.2013Josef Falkinger (Universität Zürich)In search of economic reality under the veil of financial markets
626.4.2013Jürgen Huber (Universität Innsbruck)Experimental Study of Tobin Taxes
512.4.2013Joel Shapiro (University of Oxford)A Mechanism for LIBOR
420.3.2013Richard H. Clarida (Columbia University)Nominal Exchange Rates and Inflation Indexed Bond Yields
315.3.2013Tarun Ramadorai (University of Oxford)How do Regulators influence Mortgage Risk? Evidence from an emerging Market
225.1.2013Jochen Mankart (Universität St. Gallen)Bank defaults and credit supply over the business cycle
118.1.2013Stefano Battiston (ETH Zürich)DebtRank: Too Central to Fail?

2012

1421.12.2012Gael Giraud (Paris I)Financial Crashes versus Liquidity Trap: The Dilemma of Monetary Policy
137.12.2012Ernesto Villanueva (Banco de España)Consumption and Initial Mortgage Conditions: Evidence from survey data
1223.11.2012Julian Kolm (Universität Wien)Securitization, Shadow Banking, and Bank Regulation
1116.11.2012Linda Goldberg (Fed New York)Liquidity management of US global banks: Internal capital markets in the great recession
1013.7.2012Marek Jarocinski (European Central Bank)Choice of Variables in Vector Autoregressions
91.6.2012Cars Hommes (Universität Amsterdam)The heterogeneous expectations hypothesis: evidence from laboratory experiments
820.4.2012Johannes Brumm (Universität Zürich)Collateral Constraints, Idiosyncratic Risk, and Aggregate Fluctuations
730.3.2012Ralph de Haas (EBRD)Running for the Exit? International Bank Lending during a Financial Crisis
616.3.2012Mariya Teteryatnikova (Universität Wien)Resilience of the Interbank Network to Shocks and Optimal Bail-Out Strategy: Advantages of “Tiered” Banking Systems
59.3.2012Piergiorgio Allessandri (Bank of England)Simple Banking: Profitability and The Yield Curve
420.2.2012Giovanni Calice (University of Southampton)Liquidity Interactions in Credit Markets: An Empirical Analysis of the Eurozone Sovereign Crisis
327.1.2012Campbell Leith (University of Glasgow)Cancelled
220.1.2012Branko Urosevic (National Bank of Serbia)Globalization, Exchange Rate Regimes, and Financial Contagion
113.1.2012Gyöngyi Lóránth (Universität Wien)Bank Bailouts: Guarantees versus Bank Recapitalization

2011

159.12.2011Uros Herman (Banka Slovenije)Have the Firms with High (Foreign) Debt Been Hit More by the Crisis? A Micro-Financial Evidence from Slovenia.
1418.11.2011Alberto Martin (Pompeu Fabra)Sovereign Default, Domestic Banks and Financial Institutions
134.11.2011Sascha Becker (University of Warwick)The Empire Is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy
1228.10.2011Yves Zenou (Stockholm University)Systemic Risk and Network Formation in the Interbank Market
1121.10.2011Peter Egger (ETH)The Role of Absorptive Capacity for Growth
107.10.2011Thomas Hintermaier (Universität Bonn)Debt Portfolios
91.7.2011Sudipto Bhattacharya (London School of Economics)Securitized Lending: Adverse Selection and Exuberance
810.6.2011Franz Seitz (Fachhochschule Amberg Waiden)Der Auslandsumlauf deutscher Euro-Banknoten
713.5.2011Krisztina Molnar (University of Bergen)Economic Stability and the Responsiveness of Inflation Expectations
629.4.2011Guntram Wolff (European Commission)Rules and risk in the euro area: does rules-based national fiscal governance contain sovereign bond spreads?
515.4.2011Michael Grill (Universität Mannheim)Collateral Requirements and Asset Prices
41.4.2011Thomas Gehrig (Universität Wien)Short-Sale Constraints and Informational Efficiency
311.3.2011Alejandro Cunat (Universität Wien)Relative Factor Endowments and International Portfolio Choice
228.1.2011Richhild Moessner (BIS)Central bank co-operation and international liquidity in the financial crisis of 2008-9
114. 1. 2011Aurélien Eyquem (ENS Lyon)Ramsey Policies in a Small Open Economy with Sticky Prices and Capital

2010

1517.12.2010Stefan Nieman (University of Essex)Inflation, investment composition and total factor productivity
1426.11.2010Steven Ongena (CentER – Tilburg University)Foreign Currency Loans – Demand or Supply Driven?
135.11.2010Hendrik Hakenes (Uni Hannover)The Birth and Burst of Asset Price Bubbles
1222.10.2010Nalan Basturk (Erasmus University Rotterdam)Financial Development and Convergence Clubs
118.10.2010Gernot Müller (Uni Bonn)Debt consolidation, spending reversals, and the transmission of fiscal policy
1025.6.2010Christian Ewerhart (Universität Zürich)Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis
921.5.2010David Lando (Copenhagen Business School)Corporate bond liquidity before and after the onset of the subprime crisis
87.5.2010Martin Halla (Universität Linz)Marriage Subsidies and Divorce: An Analysis of Marginal Marriages
723.4.2010Gerhard Illing (LMU München)Endogenous Systemic Liquidity Risk
69.4.2010Herbert GintisModeling the market economy as a complex dynamical system: implications for financial regulation
526.3.2010Alex Stomper (MIT and IHS)Forgiving vs. Financing a Debt Overhang
412.3.2010Tiziana Assenza (Catholic University of Milan)Asset Prices and Monetary Policy: A New View of the Cost Channel
329.1.2010Joseph Francois and Clint Shiells (JKU Linz, WIIW Wien and CEPR London, JVI)Dynamic factor price equalization & international convergence
215.1.2010David Lando (Copenhagen Business School)cancelled
113.1.2010Maria Demertzis (Dutch National Bank)Inflation Targeting: A Framework for Communication

2009

1411.12.2009Felix Kübler (Universität Zürich)Regulating Collateral-Requirements When Markets Are Incomplete
1327.11.2009Volker Nitsch (TU Darmstadt)Pasta, Pets and Prostitution: The Euro’s Effect on Prices
1213.11.2009Domenico Giannone (ECB, Universite Libre de Bruxelles)Money, Credit, Monetary Policy and the Business Cycle in the Euro Area
1130.10.2009Liam Graham (University College London)Information, heterogeneity and market incompleteness
10*16.10.2009Herbert Gintis (University of Massachusets, Central European University, University of Siena)
9*19.6.2009Stephan Danninger (IMF)How Linkages Fuel the Fire: The Transmission of Financial Stress from Advanced to Emerging Economies
85.6.2009Stefan Thurner (Medizin Universität Wien)Anatomy of financial crashes: an agent based model of the leverage cycle
722.5.2009Urs Birchler (Swiss National Bank)Information and Bubbles: Results from a Beauty Contest Experiment
68.5.2009Alfred Lehar (University of Calgary)Systemic Risk as Renegotiation Breakdown
517.4.2009Kevin Sheedy (London School of Economics)Sales and Monetary Policy
4*3.4.2009Christine Zulehner (WIFO)Does Female Employment Influence Firm Survival? Evidence from Start-ups
3*27.3.2009Stefano Neri (Bank of Italy)Optimal Monetary Policy in the Euro Area: the Role of Imperfect Information and Real Time Data
2*20.3.2009Paul Schneider (University of Warwick)Expectations Hypothesis and the FX Risk Premium: Getting the Measure Right
1*23. 1. 2009Silvana Tenreyro (LSE)Wage Setting Patterns and Monetary Policy: International Evidence

2008

17*12. 12. 2008Jose-Luis Peydro-Alcalde (ECB)Banking Integration, Synchronization and Volatility.
16*28. 11. 2008Javier Mencia (Banco de Espana)Assessing the Risk, Return and Efficiency of Banks’ Loans Portfolios.
15*14. 11. 2008Rajkamal Iyer (University of Amsterdam)Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks.
1431. 10. 2008Paolo Mistrulli (Banca d’Italia)Distance, Lending Technologies and Interest Rates.
1317. 10. 2008Mike Wickens (University of York)EMU: Tensions and Diagnosis.
1215. 10. 2008Anton Korinek (University of Maryland)Systemic Risk-Taking: Accelerator Effects, Externalities, and Regulatory Responses.
113. 10. 2008Christian Merkl (University of Kiel)Monetary Persistence and the Labor Market: A New Perspective.
1020. 6. 2008Jan Libich (La Trobe University)Fiscal Rigidity in a Monetary Union: The Calvo Timing and Beyond.
930. 5. 2008Giovanna Nicodano (University of Torino)Leverage and Firm Scope.
816. 5. 2008Tommaso Proietti (University of Rome)Estimation of Common Factors under Cross-Sectional and Temporal Aggregation Constraints: Nowcasting Monthly GDP and its Main Components.
725. 4. 2008Beata Bierut (De Nederlandsche Bank)Effects of Central Bank Communication on Financial Markets.
611. 4. 2008Isabel Schnabel (Max Planck Institute Bonn)Competition, Risk-Shifting, and Public Bail-out Policies.
54. 4. 2008Raphael Auer (Swiss National Bank)The Effects of Trade with Low Income Countries on U.S. Industry and Inflation.
414. 3. 2008Goette Lorenz (Federal Reserve of Boston)Incentives and Pro-Social Behavior: Evidence from a Field Experiment on Blood Donations.
37. 3. 2008Richhild Moessner (Bank for International Settlements)Policy Rate Guidance.
225. 1. 2008Francesco Lippi (University of Sassari)Financial Innovation and the Transactions Demand for Cash.
118. 1. 2008Rodney W. Strachan (University of Queensland)Bayesian Inference in the Time Varying Cointegration Model.

2007

1514.12.2007Svetlana Borovkova (Frije University of Amsterdam)Modeling Commodity Forward Curves
1423.11.2007Carlo Favero (Università Bocconi)Debt and the Effects of Fiscal Policy
139.11.2007Andrey Launov (Universität Würzburg)Hartz IV – Analyse
1219.10.2007Wilko Bolt (De Nederlandsche Bank)Retail Payments in the Netherlands: Facts and Theory
115. 10. 2007Johannes Binswanger (CentER, Tilburg University)Life-Cycle Decision Making
109. 7. 2007Friedrich Heinemann (ZEW Mannheim)Is the Welfare State Self-destructive? A Study of Government Benefit Morale
929. 6. 2007Cecilia Garcia-Penalosa (GREQAM Marseilles)Labour Market Institutions and the Personal Distribution of Income in the OECD
815. 6. 2007Raphael Auer (Schweizerische Nationalbank)Quality Pricing and Endogenous Entry: A Model of Exchange Rate Pass-Through
725. 5. 2007Michael Scharnagl (Deutsche Bundesbank)Reconsidering the Role of Monetary Indicators for Euro Area Inflation from a Bayesian Perspective using Group Inclusion Probabilities
611. 5. 2007Giacomo Corneo (Freie Universität Berlin)What’s the Monetary Value of Distributive Justice?
527. 4. 2007M. Hashem Pesaran (University of Cambridge)Global Modelling and Credit Risk Analysis  
416. 4. 2007Til Schuermann (Federal Reserve Bank of New York)Firm Heterogeneity and Credit Risk Diversification
323. 3. 2007Viktor Várpalotai (Magyar Nemzeti Bank)Time-Varying Lag Operator: Theory and an Application to Measure Business Cycle Synchronization among EU members
216. 3. 2007Kurt Bayer (Bundesministerium für Finanzen)How to Run the Global Economy?
19. 3. 2007Piet Sercu (KU Leuven)Estimating the Costs of International Equity Investments

2006

1110.11.2006Gernot Doppelhofer (University of Cambridge)Determinants of Relative Productivity Performance among OECD Countries
1013.10.2006Xavier Freixas (Universitat Pompeu Fabra Barcelona)How can Emerging Market Economies Benefit from Corporate Bond Market?
915.9.2006Franz Seitz (FH Amberg-Weiden)Money-Based Interest Rate Rules: Lessons from German Data
824.5.2006Robert H. Rasche (Federal Reserve Bank of St. Louis)Inflation: Do Expectations Trump the Gap?
712.5.2006Josef Falkinger (University of Zurich)International Capital Market Integration, Educational Choice and Economic Growth
67.4.2006Ivo Maes (Banque Nationale de Belgique)The National Bank of Belgium: A Retrospective after 155 Years
531.3.2006Marco Stringa (Bank of England)Integrating Credit and Interest Rate Risk in the Banking Book
10.3.2006Thorvaldur Gylfason (University of Iceland)Growing Together: India and China
33.3.2006Sheila Dow (University of Stirling)Monetary Policy by Signal
23.2.2006Susanne Lohmann (UCLA)The American System of Higher Education: Model for Europe, or the Devil?
113.1.2006Harald Uhlig (Humboldt-Universität Berlin)Industrial Cores, Wastelands and Consequences for Macro Policies the Case of German Unification

2005

34.3.2005Martin Wagner (Uni Bern, EUI)What’s Really the Story with this Balassa-Samuelson Effect in the CEECs?
225.2.2005Peter McAdam (ECB)The Performance and Robustness of Interest-Rate Rules in Model of the Euro Area
128.1.2005Peter Kugler (Uni Basel)Some Empirical Evidence on the Role of Money in the Euro Area

2004

611.6.2004Katrin WescheMonetary Policy in Europe: Evidence from Time-Varying Taylor Rules
530.4.2004David AndrewsAutonomy and influence in international monetary affairs
416.4.2004Matthias HoffmannThe Home Bias and Income Flows between Countries and Regions
322.3.2004Holger WolfCurrency Boards
212.3.2004Fabio CanovaPrice Differencial in Monetary Unions: The Role of Fiscal Shocks
118.2.2004Pierre SiklosAsset Prices in Taylor Rules: Specification, Estimation and Policy Implications for Europe

2003

1212.12.2003Alfred v.GuenderStabilizing Properties of Discre-tionary Monetary Policies in a Small Open Economy: Domestic vs CPI Inflation Targets
119.12.2003James DeanExchange Rate Regimes for the 21st Century Asia, Europe and the Americas
1014.11.2003Kirsten LommatschThe Inflation Target of the ECB:Does the Balassa-Samuelson Effect Matter?
912.9.2003Franz SeitzNarrow money and the business cycle: Theoretical aspects and euro area evidence
810.7.2003Dale HendersonMonetary Policy Options at the Zero Lower Bound
76.6.2003Jan WenzelburgerKapitaladäquanz und Zinsregulierung in Bankenkrisen
623.5.2003Guglielmo CaporaleTesting for changes in the long-run casual structure of cointegrated vector autoregression – the case of bilateral interest rate linkages
525.4.2003Leo KaasEndogenous Financial Development and Multiple Growth Regimes
44.2.2003Pierre SiklosDid the Bundesbank React to Asset Prices?
329.1.2003Adam PosenCentral Bank Independenceand Managed Floating
224.1.2003Leo de HaanCorporate Governance, Relationship Lending and Monetary Policy: Firm-Level Evidence for the Euro Area
110.1.2003Friedrich RoithmayerVirtuelle Unternehmen- Virtuelle Staaten

2002

1720.12.2002Benedikt BraumannA Financial Decelerator in Europe? Evidence from Austria
1613.12.2002Paulde GrauweComplexity in the foreign exchange market
1522.11.2002Hans Peter GrünerShould Central Banks Really be Flexible?
148.11.2002Andreas PfingstenMarktorientierung oder Spezialisierung?- Eine empirische Analyse der Branchenstruktur der Kreditportfolios deutscher Bankengruppen
1325.10.2002Bill DewaldMonetary Growth, Inflation, and Bond Markets. Inflation Expectations in Industrial Countries, 1880-1995
124.10.2002Roger FarmerIdentifying the Monetary Transmission Mechanism using Structural Breaks
1118.9.2002Stephen CecchettiThe New Economy and the Challenges for Monetary Policy
107.6.2002Urs BirchlerWhat does the spread on subordinated debt measure?
924.5.2002Robert CoenThe Productivity Surge and Future Growth in the U.S.
817.5.2002Francisco Rivera-BatizThe Argentinean Financial Crisis: Causes and Consequences
713.5.2002Michael BordoCore, Periphery, Exchange rate Regimes and Globalization
612.4.2002Gernot DoppelhoferBayesian Averaging of Classical Estimates (BACE)
522.3.2002Rudolf Winter-EbmerThe effects of markets, politics, and society on the gender wage differential: A meta-analysis
422.2.2002Paul RedingCurrency Substitution and Network Externalities
38.2.2002Isabel GoeddeThe German Twin Crisis of 1931
26.2.2002Klaus Schmidt-HebbelMonetary Policy in Inflation Targeting Countries Around the World
111.1.2002Dale HendersonInflation Targeting and Nominal Income Growth Targeting: When and Why Are They Suboptimal

2001

1220.12.2001Ansgar BelkeReal Options Effects on Employment: Does Exchange Rate Uncertainty Matter for Aggregation?
1113.12.2001Susanne LohmannWhy Do Institutions Matter An Audience Cost Theory of Institutional Commitment
1016.11.2001Jürgen von HagenThe choice of foreign exchange regimes of transition countries
99. 11.2001Pierre SiklosOptimal Reaction Functions, Taylor’s Rule and Inflation Targets: How Strict are the Dollar Bloc Countries?
819.10.2001Klaus NeusserA Large Deviation Approach to the Measurement of Mobility 
712.10.2001Johann BrunnerAdverse selection in the annuity market when payoffs vary over the time of retirement 
613.7.2001Ben CraigRisk neutral densities as predictors in the FX market 
511.5.2001Oliver KirchkampWhy monetary policy matters – An experimental study of saving, inflation and monetary policies in an overlapping generations model
44.5.2001Steve Ambler International Business Cycles: What are the Facts?
313.3.2001David AndrewsNational Monetary Power and the Structure of Foreign Trade: Forging a European Currency Coalition
29.3.2001Edgar FeigeWhere is America’s Currency? Examining the World Dollarization Hypothesis
12.3.2001Friedrich SchneiderEuroeinführung und Schattenwirtschaft

2000

515.12.2000Jürgen EichbergerUncertainty and Liquidity: Banks or Financial Markets?
416.11.2000Richard PorterOverseas Dollar Holdings: What Do We Know?
313.10.2000Matthias SutterAn Experimental Analysis of the Stability and Growth Pact in EMU
209.06.2000Michael GoldbergExchange Rate Determination
110.05.2000Marc FlandreauAustro-Hungarian Lessons for Euroland, 1867-1914

1999

1317.12.1999Franz SeitzInterest Rates Spreads as Predictors of German Inflation and the Business Cycle
1204.11.1999Richard ClaridaThe Empirics of Monetary Policy Rules
1125.10.1999Susanne LohmannThe Dark Side of EMU
1022.10.1999Markus KnellSocial Comparisons, Inequality and Growth
917.09.1999Thomas LaubachForecast-based Objectives for Monetary Policy
825.06.1999Bas Van AaarleMacroeconomic Policy Interaction under EMU: A Dynamic Game Approach
718.06.1999Katrin WescheDer Einfluß der Geldpolitik auf die Finanzierungsbedingungen österreichischer Unternehmen
621.05.1999Sven ArndtFinancial Crises of the Asian and Latin Varieties: Some Lessons for EU Enlargements
519.05.1999Katrin WescheKonjunkturzyklen in Europa: Ein neuer Index zur Analyse ihrer Synchronisierung
423.04.1999Pierre SiklosInflation Targets and the Yield Curve: Some Country Results
319.03.1999David CroninThe Market for Base Money and the Monetary Policy Problem in the 21st Century
226.02.1999Kieran P. DonaghyHow to Catch a Representative Agent: Empirical Confrontations of New Macro-Policy Models
115.01.1999Carlo A. FaveroThe credit channel and (a)symmetries in the monetary transmission mechanism in the European Union: evidence from banks´ balance sheets

1998

1118.12.1998Axel Weber“Predicting Death and Survival: Why Target Zone Models Help Understanding the ERM”
1023.11.1998Paul de Grauwe”The ECB: Safe at Any Speed?”
920.11.1998Ronald MacDonald“Exchange Rate and Fundamentals, a methodological comparison”
819.10.1998Thomas Mayer“Using Governments Documents to assess the influence of Academic Research on Macroeconomic Policy”
702.10.1998Jean Robert Tyran“Does Money Illusion Matter?”
629.05.1998Henriette M.Prast”Inflation, Distortionary Taxation and the Design of Monetary Policy: The Role of Social Cohesion”
505.05.1998Robert M. Coen“A Stochastic Model of Potential Output”
424.04.1998K.Neusser“Financial Market Developments and Economic Growth”
326.03.1998Robert Hetzel“The Conduct of Monetary Policy”
213.03.1998Peter Vlaar“Monetary Transmission in Europe– the Role of Money”
123.01.1998Johnny Akerholm“How to balance the budget in the long term”

1997

919.12.1997Axel WeberSources of currency crises: an empirical analysis
805.12.1997José VinalsA cost-benefit analysis of going from low inflation to price stability in Spain
703.10.1997Andreas FischerInterventions versus costumer transactions: an alternative test of the signaling channel
620.06.1997Jeffrey M.LackerClearing, Settlement and Monetary Policy
513.06.1997Richard PortesCoasts and Benefits of the EU Enlargement to the East
406.06.1997Barry EichengreenFiscal Policy and EMU
302.06.1997Allan MeltzerMonetary, Credit and (other) Transmission Processes: A Monetarist Perspective
221.04.1997Colin MayerCorporate Governance, Competition and Performance
131.01.1997Manfred J.M. NeumannEuropäische Währungsunion und EWS II

1996

1017.12.1996Thomas JordanCentral Bank Independence and the Sacrifice Ratio
911.12.1996P.L.SiklosThe Connection Between Exchange Rate Regimes and Credibility: An International Perspective
806.12.1996A. WeberSources of Purchasing Power Disparities: „Europe versus the United States and Japan
706.09.1996P.J. DhrymesEconometrics from the Cowles Foundation Days to the Present
608.07.1996D. HendersonA Comparison of Some Basic Monetary Policy Regimes for Open Economies
519.06.1996M. GoodfriendForeign Exchange Operations and the Federal Reserve
414.06.1996Thomas MayerMonetarists and Keynesians on Central Banking
324.05.1996B. DibaTrends in European Productivity and Real Exchange Rates
226.04.1996Prof. RovelliSeigniorage in Economies in Transition – a Comparison with Industrial Countries
102.02.1996Jürgen von HagenFiscal and Monetary Policy on the Way to EMU