ECONtribute Special Talk – Glen Weyl (Microsoft Research)

“RadicalxChange: Next Generation Political Economy”

Glen Weyl (Microsoft Office of the Chief Technology Officer Political Economist and Social Technologist (OCTOPEST); Founder and Chair, RadicalxChange Foundation)

Date: November 13, 2019

Time: 6:00 – 7:00 pm

Location: University of Bonn, Juridicum, Lecture Hall G

Poster ECONtribute Special Talk

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Nobel Prize in Economics 2019

The Reinhard Selten Institute (RSI) and the Cluster of Excellence ECONtribute congratulate Abhijit Banerjee, Esther Duflo (both Massachusetts Institute of Technology) and Michael Kremer (Harvard University) for being awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 “for their experimental approach to alleviating global poverty”.

The Nobel Laureate’s research focuses on the pressing question on how to fight global poverty. “They changed the way economists think about measures to reduce global poverty by introducing rigorous field experiments to development economics”, states Bettina Rockenbach (RSI Director). For example, their experimental approach showed that reforms that match teaching to children’s learning levels are of great value, improving education for over 60 million pupils in India and Africa. “By identifying causal effects for poverty and testing and evaluating the impact of possible interventions, e.g. in the fields of health, education, or resource conservation, the laureates not only significantly contributed to economic research, but also to global poverty reduction”, Bettina Rockenbach concludes.

Current research insights on the topic were also presented during the recent Selten Lecture by Matthew O. Jackson (Stanford University). Jackson’s joint research with Banerjee, Duflo and Arun G. Chandrasekhar (Stanford University) explores how the introduction of microfinance changes the networks of interactions among households in Indian villages.

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Picture: © Johan Jarnestad/The Royal Swedish Academy of Sciences

Selten Lecture 2019 – Matthew O. Jackson (Stanford University)

Selten Lecture 2019: “Applications of Networks in Economics” by Matthew O. Jackson (Stanford University).

Date: October 9 , 2019.

Time: 4:30 – 5:45 pm

Location: University of Bonn, Juridicum, Lecture Hall C.

Poster Selten Lecture

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Young ECONtribute Program Fellow receives IIPF best paper award

Congratulations to our Young ECONtribute Program (YEP) Fellow Jonas Löbbing! Jonas has been awarded the Peggy and Richard Musgrave Prize 2019 of the International Institute of Public Finance (IIPF) for his paper “Redistributive Income Taxation with Directed Technical Change”.

The prestigious IIPF Peggy and Richard Musgrave Prize is awarded annually since 2003 to honor and encourage younger scholars whose work meets the high standards of scientific quality, creativity and relevance that has been a mark of the Musgraves’ contribution to public finance.

Isabel Schnabel becomes member of the Franco-German Council of Economic Experts

Isabel Schnabel becomes member of the newly founded Franco-German Council of Economic Experts

Paris, September 19, 2019

Isabel Schnabel, Spokesperson of the Cluster of Excellence ECONtribute and Professor of Financial Economics at the University of Bonn, has been appointed as member of the newly launched Franco-German Council of Economic Experts.

On September 19, 2019 during the 50th meeting of the Franco-German Economic and Financial Council, the Franco-German Council of Economic Experts was launched. It comprises five French and five German leading economic experts.

German members of the Council are, besides Isabel Schnabel, member of the German Council of Economic Experts, the chairman of the German Council of Economic Experts and president of RWI Essen, Christoph M. Schmidt, Nicola Fuchs-Schündeln, Professor of Economics at the University of Frankfurt, and the presidents of two leading research institutes in Economics, DIW and ifo, Marcel Fratzscher and Clemens Fuest. Among the French members is the current chairman of the French Conseil d’analyse économique (CAE), Philippe Martin.

Picture Source: Philipp Steinberg, Twitter

Selten Salon 2019 – Matthias Doepke (Northwestern University)

Selten Salon 2019: Kindererziehung aus ökonomischer Sicht: Von Ungleichheit, Helikoptereltern und Tiger-Mamas

Matthias Doepke, Ökonom und Autor von “Love, Money, and Parenting: How Economics Explains the Way We Raise Our Kids” belegt in seiner Forschung, dass die wirtschaftlichen Rahmenbedingungen unterschiedliche Erziehungsstile fördern. Doepke ist überzeugt: „Die zunehmende wirtschaftliche Ungleichheit seit den 70er Jahren hat das Phänomen der ‚Helikoptereltern‘ erst geschaffen.“ Diskutieren Sie mit Professor Doepke, wie man mit familien-, bildungs- und wirtschaftspolitischen Maßnahmen wirksam gegensteuern kann.

Datum: 23. September 2019

Ort: Universitätsclub Bonn e.V., Konviktstr. 9, 53113 Bonn

Beginn: 18:00 Uhr (Einlass und Registrierung ab 17:30 Uhr)

Snacks und Drinks im Anschluss an den Vortrag ab ca. 19:30 Uhr

Ihre Anmeldung erbitten wir bis zum 9. September 2019 unter

Wir freuen uns auf Ihr Kommen!

Einladung Selten Salon 2019 – Kindererziehung aus ökonomischer Sicht



Setting Out for a New Climate Policy

On July 12, ECONtribute spokesperson Isabel Schnabel and the German Council of Economic Experts handed their special report on climate policy to Chancellor Angela Merkel. “The current debate offers a historic opportunity to change Germany’s fragmented, expensive and inefficient climate policy” says Christoph M. Schmidt, chairman of the German Council of Economic Experts. The Council calls for CO2 pricing to become the central instrument of a progressive climate strategy.

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Isabel Schnabel elected as Vice Chair of the Advisory Scientific Committee of the European Systemic Risk Board

We are happy to announce that ECONtribute spokesperson Prof. Isabel Schnabel has been elected as Vice Chair of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board.

The ASC Board consists of 15 experts representing a wide range of skills, experience and expertise. It contributes to the public debate on macroprudential policy by publishing reports. Past contributions include calls for: credible bank resolution; a European capital markets union; and enhanced disclosure of carbon-intensive assets.

The ASC Board meets quarterly in Frankfurt and publishes reports on a regular basis. Isabel Schnabel had already been a board member before and was now elected as Vice Chair. She is also a member of the German Council of Economic Experts, research affiliate at the Centre for Economic Policy (CEPR) and at the Max-Planck Institute for Research on Collective Goods. Prof. Schnabel lectures Financial Economics at the University of Bonn, her main fields of research are financial stability, systemic risk and banking regulation.

ECONtribute Special Lecture by Andreas Dombret

“Minus times minus equals plus doesn’t hold for bank consolidations.” On Tuesday, 28th of May 2019, Andreas Dombret, former member of the Executive Board of the Deutsche Bundesbank and former Vice-Chairman of the Bank of America , delivered an ECONtribute Special Lecture on “Mergers and Acquisitions in Banking”. Faculty members, graduate and undergraduate students attented this special lecture. Dombret stated that there will be further shrinking, higher concentration and disruptive structural changes in the banking sector. Also, it is uncertain whether there will still be any banks in the future and what role they will play. It was a pleasure to welcome him in the Cluster of Excellence ECONtribute!

The event was jointly organized by the Exzellenzcluster ECONtribute EXC-2126 and the CRC TRR-224.

(From left to right:) Prof. Dr. Isabel Schnabel and Andreas Dombret

Denkfabrik Europa 2030

Europe 2030 –What are our young generation´s visons for the next decade?

The “Denkfabrik Europa 2030” brought student together to discuss and develop their ideas and visions for Europe in 2030.

The event, jointly organized by ECONtribute, Deutsche Post DHL Group and “Denkraum Soziale Marktwirtschaft, took place on 13th May 2019 in Bonn.

Participants came up with mesmerizing projects and future visions on the European Union in 2030. How can we foster a European sense of identity? How can we ensure safety for our citizens and provide them with a good infrastructure? How can we improve our parliamentary system? Shall we aim for “a European Republic”? And what about the economy and social security?

Students presented their projects to an audience of 120 people and four judges: Professor Isabel Schnabel (Spokesperson ECONtribute), Cem Özdemir (Alliance ’90/The Greens), Dr. Thomas Ogilvie (CEO Corporate Incubations at Deutsche Post DHL Group) and Dr. Dirk Aßmann (Director General of GIZ, German Association for International Cooperation). The winning team´s project “Europaexpress” aims to improve Europe’s infrastructure by introducing a “European ministry of transportation”.

(From left to right:) Dr. Thomas Ogilvie, Dr. Dirk Aßmann, Cem Özdemir & Prof. Dr. Isabel Schnabel
© Jörn Wolter / Denkraum

Partner: ECONtribute, Deutsche Post DHL Group