We provide evidence for a causal link between the US economy and the global financial cycle. Using a unique intraday dataset, we show that US macroeconomic news releases have large and significant effects on global risky asset prices. Stock price indexes of 27 countries, the VIX, and commodity...

This paper studies how banks compete amid digital disruption and the resulting distributional effect across consumers. Digital disruption increases the geographic coverage of banking services, bringing new entrants to local markets. However, as digital customers shift from branches to digital...

The workshop provides a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aims at bringing together academic researchers and practitioners. We invite applied and theoretical papers in the field of environmental macroeconomics. Papers using...

All PhD students and Post-Docs in the network are encouraged to submit their papers. Seniorresearchers are also cordially invited to participate. Papers that have been accepted for the cancelled workshop in 2020 will receive a preferential treatment in the revision process.

Im Rahmen der gemeinsamen Veranstaltungsreihe der Nationalen Akademie der Wissenschaften Leopoldina und des Leibniz-Instituts für Wirtschaftsforschung Halle (IWH) zu brennenden europapolitischen Themen diskutieren Lars Feld und Reint Gropp über die Stabilität der Finanzmärkte. Steigende...

The workshop provides a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aims at bringing together academic researchers and practitioners. We invite applied and theoretical papers dealing with time series, forecasting, economic uncertainty...