Marcel Fratzscher

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Marcel Fratzscher, 2017

Marcel Fratzscher (born January 25, 1971 in Bonn ) is a German economist. He has headed the German Institute for Economic Research (DIW) since February 1, 2013 and is Professor of Macroeconomics at the Humboldt University in Berlin . Before that, he was head of the International Policy Analysis department at the European Central Bank (ECB) in Frankfurt since 2008 .

Life

Childhood, adolescence and studies

Marcel Fratzscher's father was an agricultural economist, his mother was a chemist. In his youth Fratzscher traveled a lot, played the violin and played table tennis excessively , where he made it to the second Bundesliga. He studied at the University of Kiel Economics and laid here in 1992 his bachelor's degree from. He then continued his studies at Oxford University, where he received his BA in Philosophy, Politics, and Economics (PPE) in 1994 with his work Moral philosophy and political philosophy, intern'l economics . Marcel Fratzscher obtained his Master of Public Policy in 1996 from Harvard University , John F. Kennedy School of Government, Cambridge (USA). Marcel Fratzscher received his Ph. D. degree in economics at the European University Institute in Florence in 2002.

After completing his studies, Marcel Fratzscher worked at the World Bank in 1996 and during the Asian crisis from 1997–1998 as a macroeconomist at the Harvard Institute for International Development in Jakarta , Indonesia . As a consultant, Fratzscher and Jeffrey Sachs supported the Indonesian government in questions of economic policy during the financial crisis . This was followed by a position at the Peterson Institute for International Economics in Washington DC , USA from 2000 to 2001. Previously, he also worked for shorter periods at Mwaniki Associates in Kenya and the Asian Development Bank in the Philippines .

European Central Bank

In April 2001, Fratzscher moved to the European Central Bank in Frankfurt am Main, initially as a Senior Economist and Economist in the Directorate for Economics and then as an Adviser and Senior Adviser in the Directorate International. From 2008 he headed the 24-person International Policy Analysis department . The main task of this department is the formulation of policy positions for the European Central Bank on international issues in the three areas of global economic and financial issues, country-specific and regional issues in Asia and Latin America, and the global financial market architecture and its institutions (including issues relating to the International Monetary Fund , G20 , G7 ). In addition, Marcel Fratzscher taught "International Finance" in the Ph.D. program at the Goethe University in Frankfurt .

President of the German Institute for Economic Research and professorship

Marcel Fratzscher has been President of the German Institute for Economic Research DIW since the beginning of 2013 and holds the "DIW S Professorship " for Macroeconomics at the Humboldt University in Berlin .

Private

He speaks fluent English and good Italian, Spanish and Indonesian. In terms of sport, he has developed a preference for occasional bungee jumping . Fratzscher has lived in Berlin since 2013.

research

Marcel Fratzscher's research focuses mostly on applied questions of international macroeconomics , monetary economics and finance . In particular, he researches the question of how central banks should communicate with the markets and the public, as well as the global transmission mechanisms of the global financial crisis 2007-2010 .

The OECD study on which his book on inequality ( distribution struggle: Why Germany is becoming more and more unequal ) is based was questioned by the Cologne Institute of the German Economy.

Awards

In the Handelsblatt Economists Ranking 2011, which measures the research performance of around 1,500 economists on the quality of their publications since 2007, Fratzscher was ranked fourth. He also received the Kiel Institute Excellence Award in Global Economic Affairs in 2007 for his research on global financial links and monetary policy, and the CEPR 2007 Prize for the Best Central Bank Research Paper for his work on financial bubbles and global imbalances.

In 2016 he was placed in the top 10 of the FAZ ranking of the most influential economists in Germany .

Publications

  • Macroprudential policy and central bank communication (with B. Born and M. Ehrmann), July 2010.
  • Contagion and the global equity market collapse of the 2007-09 financial crisis (with G. Bekaert, M. Ehrmann and A. Mehl), June 2010.
  • Asset Prices, News Shocks and the Current Account (with R. Straub), June 2010.
  • IMF Surveillance and Financial Markets - A Political Economy Analysis (with J. Reynaud), mimeo , September 2009.
  • The Global Transmission of the 2007-09 Financial Crisis in a GVAR model (with A. Chudik), European Economic Review .
  • Monetary policy in the media (with H. Berger and M. Ehrmann), Journal of Money, Credit and Banking.
  • Politics and Monetary Policy (with M. Ehrmann), Review of Economics and Statistics.
  • How successful is the G7 in managing exchange rates? Journal of International Economics 79 (1): 78-88, September 2009.
  • Convergence and anchoring of yield curves in the euro area (with M. Ehrmann, R. Gürkaynak and E. Swanson), Review of Economics and Statistics.
  • What Explains Global Exchange Rate Movements During the Financial Crisis? Journal of International Money and Finance 28: 1390-1407, December 2009.
  • Risk sharing, finance and institutions in international portfolios (with J. Imbs), Journal of Financial Economics 94: 428–447, December 2009.
  • Stocks, bonds, money markets and exchange rates: Measuring international financial transmission (with Ehrmann & R. Rigobon), Journal of Applied Econometrics.
  • Do China and oil exporters influence major currency configurations? (with A. Mehl), Journal of Comparative Economics 37, 335–358, September 2009.
  • Central bank communication and monetary policy: A survey of the evidence (with Alan Blinder, M. Ehrmann, J. de Haan, D.-J. Jansen), Journal of Economic Literature XLVI (4), 910-45, December 2008.
  • The political economy under monetary union: Has the euro made a difference? (with L. Stracca), Economic Policy 58 307–348, April 2009.
  • Marcel Fratzscher: It's not the euro! Many Germans blame the euro for the crisis, a new party wants to abolish it right away. You are all wrong. In: The time . April 9, 2013 ( zeit.de ).
  • The Germany illusion: Why we overestimate our economy and need Europe. Hanser, Munich 2014, ISBN 978-3-446-44034-0 .
  • Distribution struggle. Why Germany is becoming more and more unequal. Hanser, Munich 2016, ISBN 978-3-446-44465-2 .

Web links

Commons : Marcel Fratzscher  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Diw Berlin: DIW Berlin: Marcel Fratzscher new president of the DIW Berlin. In: diw.de. January 31, 2013, accessed February 7, 2019 (press release).
  2. ↑ http://www.fratzscher.eu/
  3. ↑ Marcel Fratzscher in the Munzinger archive , accessed on February 25, 2018 ( beginning of article freely accessible)
  4. ↑ a b c one to one. The talk. Guest: Marcel Fratzscher, economist. In: BR2 . January 16, 2018, accessed February 7, 2019 .
  5. ↑ Professorships in Economics. In: wiwi.hu-berlin.de. Retrieved February 7, 2019 .
  6. ↑ Prof. Ph.D. Marcel Fratzscher. In: wiwi.hu-berlin.de. Retrieved February 7, 2019 .
  7. ↑ Dietrich Creutzburg: Income differences do not hurt. In: FAZ.net . March 22, 2016, accessed February 7, 2019 .
  8. ↑ Handelsblatt Ranking VWL 2011: Top 100 current research achievements (since 2007). In: handelsblatt.com . Retrieved February 7, 2019 .
  9. ↑ Excellence Awards in Global Economic Affairs. Excellence Award 2007. (No longer available online.) In: ifw-kiel.de. Kiel Institute for the World Economy, archived from the original on October 17, 2010 ; accessed on February 7, 2019 .
  10. ↑ FAZ economists ranking - Germany's most influential economists. Retrieved February 7, 2019 .
personal data
SURNAME Fratzscher, Marcel
BRIEF DESCRIPTION German economist
DATE OF BIRTH January 25, 1971
PLACE OF BIRTH Bonn