Universität Bonn

Department of Economics

Institute for Macroeconomics & Econometrics

Institute for Macroeconomics and Econometrics

Macroeconomists seek to understand how individual economic activities and economic policies affect society as a whole. Doing so, research at the Institute for Macroeconomics and Econometrics follows two approaches. On the one hand, we access and analyze microeconomic and historical data with a view toward understanding questions of current macro-economic concern. On the other hand, we develop models of the economy that take into account the heterogeneity among economic agents, such as within the household sector or the firm sector. The institute brings together leading international experts on the labor market, financial stability, business cycles and monetary policy, inequality, and economic history. The institute's mission is to contribute to academia and the wider society through excellent research on questions of social relevance.

Bonn is excellent, in teaching and research. Researchers of the institute are part of the excellence clusters ECONtribute and the Hausdorff Center for Mathematics, have been awarded research prizes and generous third-party funding, and have won multiple teaching awards. The institute collaborates with BGSE and CEPR.

Media

Eine Wissenschaftlerin und ein Wissenschaftler arbeiten hinter einer Glasfassade und mischen Chemikalien mit Großgeräten.
© ECONtribute

ECONtribute: Der Wirtschaftspodcast  #51: "Geldpolitik: Fördern hohe Zinsen Ungleichheit?"

What effects does central bank monetary policy have on local labour markets? Why do interest rate changes not affect all sections of the population equally? And who benefits most when interest rates fall?

Discussion with Economist Benjamin Born

03.11.2025

Eine Wissenschaftlerin und ein Wissenschaftler arbeiten hinter einer Glasfassade und mischen Chemikalien mit Großgeräten.
© colourbox.de

WDR 5 Tagesgespräch: "Bürgergeld wird Grundsicherung: Mehr Arbeit durch mehr Druck?"

The guaranteed minimum pension is going to replace the basic income scheme: Those who skip job center appointments lose benefits. Necessary hardship or unfair? Discussion with Economist Christian Bayer und Host Marija Bakker 

14.10.2025

Eine Wissenschaftlerin und ein Wissenschaftler arbeiten hinter einer Glasfassade und mischen Chemikalien mit Großgeräten.
© colourbox.de

WRINT Wirtschaftskunde: "Innovationen, Unsicherheiten, Elastizitäten"

A new episode of WRINT: Wirtschaftskunde (with Christian Bayer and Rüdiger Bachmann) has been published. 

28.10.2025

Publications
“On FIRE, News, and Expectations”
The article “On FIRE, News, and Expectations” by Benjamin Born, Zeno Enders, and Gernot J. Müller was published in The Routledge Handbook of Economic Expectations in Historical Perspective.
"How much do norms matter for quantity and quality of children?"
The article “How much do norms matter for quantity and quality of children?” by Zainab Iftikhar was published in World Development, Volume 195, November 2025, 107079.
"Innovation Union: Costs and Benefits of Innovation Policy Coordination"
The article “Innovation Union: Costs and Benefits of Innovation Policy Coordination” by Teodora Borota Milicevic, Fabrice Defever, Giammario Impullitti, and Adam Spencer was accepted by the Journal of the European Economic Association.
"Shaping inequality and intergenerational persistence of poverty: Free college or better schools?"
The article “Shaping inequality and intergenerational persistence of poverty: Free college or better schools?” by Irina Popova, Dirk Krueger, and Alexander Ludwig was published in the Journal of Monetary Economic.

Seminars

The Insitute conducts two weekly research seminars (one internal and one for external guests, respectively) that are also attended by BGSE students.

Teaching

Find a list of all offered courses for Bachelor, Master, and PhD-students at the Institute of Macroeconomics and Econometrics as well as information on degree theses.

Team

The Institute currently gathers a diverse, international group consisting of 8 senior/junior professors and 4 post-docs.

Conferences

The institute organizes conferences attended by guests from all over the world. The covered research topics include most areas of modern macroeconomics - such as monetary economics, macro-labor, heterogeneous agents, household finance, macro-finance - approached from both a theoretical and empirical perspective

Centre of Advanced Studies Finance and Inequality 

The Center for Advanced Studies "Finance and Inequality" (CASFI) at the University of Bonn aims to study the nexus between finance and inequality in a long-term historical and internationally comparative perspective. By integrating insights from financial history, business history, finance and macroeconomics the center seeks to understand how shifts in income and wealth distribution influence financial activities and vice versa. CASFI ist funded by  the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) to the tune of several million euros over the next four years.

Contact Information

Avatar Schneider

Kim Schneider

Avatar Roters

Beate Roters

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