Macro Finance

Research in the Macro Finance department focuses on the interaction between financial markets, credit institutions, and the macroeconomy. Changes in credit conditions can shape the allocation of capital in the economy and thus affect investment, consumption, and economic growth. These interactions can amplify economic fluctuations and, in times of stress, contribute to financial crises with far-reaching consequences for firms, households, and governments. The key question is: What should a financial system look like that can help achieve societal goals, such as an increase in living standards, while avoiding financial crises? The department’s work combines macroeconomic and microeconomic perspectives, often constructing novel datasets that also benefit the public at large. The goal is to ultimately better understand how financial markets interact with the real economy and to inform policy decisions.


Publications

Author/s Title Area Type Published
Linlin Niu Sparse-Group Independent Component Analysis with Application to Yield Curve Prediction
Computational Statistics & Data Analysis
Macro Finance Other Publications 2019
Puriya Abbassi, Michael Schmidt Financial Stability Effect of Yield-Oriented Investment Behaviour
Financial Markets, Macro Finance Other Publications 2019
Stine Louise Daetz, Marti Subrahmanyam, Dragon Yongjun Tang, Sarah Qian Wang Can Central Banks Boost Corporate Investment? Evidence from the ECB Liquidity Injections
Financial Markets, Macro Finance Other Publications 2019
Margherita Borella, Mariacristina De Nardi, Fang Yang The Lost Ones: The Opportunities and Outcomes of Non-College-Educated Americans born in the 1960s
Macro Finance Other Publications 2019
Allan Davids, Co-Pierre Georg The Cape of Good Homes: Exchange Rate Depreciations, Foreign Demand and House Prices
Financial Markets, Macro Finance Other Publications 2019
Zhiwu Hong, Linlin Niu An Arbitrage-Free Yield Net Model with Application to the Euro Debt Crisis
Financial Markets, Macro Finance Other Publications 2019
Johannes Kasinger, Lukas Nöh, Alfons J. Weichenrieder Zinsänderungsrisiken und langfristige Zinsbindung vor dem Hintergrund der hessischen Zinsswaps
Perspektiven der Wirtschaftspolitik
Macro Finance Published Paper 2019
Kunka Petkova, Alfons J. Weichenrieder Grunderwerbsteuer: Eine Steuer für das 21. Jahrhundert?
White Paper No. 58
Macro Finance Policy Paper 2019
Ester Faia, Vincenzo Pezone The Heterogeneous Cost of Wage Rigidity: Evidence and Theory
SAFE Working Paper No. 242
Macro Finance SAFE Working Paper 2019
Tina Koziol, Jesper Riedler, Joeri Schasfoort Euro Area Quantitative Easing in a Portfolio Balance Model with Heterogeneous Agents and Assets
Financial Markets, Macro Finance Other Publications 2019

Current Research Team

Researcher Position
Kaas, Leo SAFE Fellow
Ludwig, Alexander SAFE Fellow
Müller, Karsten Professor
Nölke, Andreas SAFE Fellow
Weichenrieder, Alfons J. SAFE Fellow