Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Center for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University. Dirk Niepelt received his Ph.D. in economics from the Massachusetts Institute of Technology (MIT) and holds a licentiate and doctorate from the University of St. Gallen. Previous to joining the Study Center, he was assistant professor at IIES. Before completing his Ph.D., he worked at applied research institutes in St. Gallen and Zurich (FEW, KOF). His research interests include macroeconomics, international finance, political economy, and public finance.