Faculty

Philippe Bacchetta is professor of macroeconomics at the University of Lausanne and a research fellow of the Centre for Economic Policy Research (CEPR, London). He was director of the Study Center Gerzensee from 1998 to 2007. He received his Ph.D. and M.A. in economics from Harvard University and his B.A. and M.S. in economics from the University of Lausanne. Philippe Bacchetta has been an assistant professor at Brandeis University, USA, at ESADE and the Instituto de Análisis Económico, both in Barcelona. He has also taught at the University of Geneva, the Universitat Pompeu Fabra, the University of Freiburg (Germany), the Universitat Autonoma of Barcelona, and CEMFI in Madrid. He has been visiting scholar at Harvard University, the IMF and the NBER and an academic consultant at various central banks. In 2010 he was Duisenberg Research Fellow at the European Central Bank. He is a fellow of the European Economic Association. His research interests include open economy macroeconomics, international finance, and monetary economics.

Filippo Brutti is lecturer at the Study Center Gerzensee. He holds a Post-Doc position at the Institute for Empirical Research in Economics, University of Zurich and received his Ph.D. at the Universitat Pompeu Fabra. Prior to his graduate studies, he obtained a B.A. in economics from Bocconi University. He also spent a semester at the European Central Bank, where his main task was the analysis of global current account unbalances. His research focuses on international macroeconomics and trade, with major interest in the analysis of sovereign defaults and liquidity crises in emerging markets and of cross-country growth volatility differences.

Lawrence J. Christiano is the Alfred W. Chase Professor of Business Institutions in the Department of Economics at Northwestern University. He is a consultant at several Federal Reserve Banks and has been a regular visitor to the European Central Bank and the International Monetary Fund. He is a fellow of the Econometric Society and has been associate editor of several journals. He has published widely in the areas of macroeconomics and applied time series analysis.

David N. DeJong earned his Bachelor of Arts degree, summa cum laude, from Central College in Iowa in 1985, and his doctorate from the University of Iowa in 1989, both in economics. He joined the University of Pittsburgh as an Assistant Professor in Arts and Sciences Department of Economics in 1989. He was promoted to Professor in 2001 and he served as Department Chair from 2006-2010. Currently he serves as Vice Provost for Academic Planning and Resources Management. He has also served as a Visiting Professor at the Institute for Advanced Studies in Vienna, DiTella University in Buenos Aires, and the Kiel Institute for the World Economy in Kiel, Germany. DeJong’s research focuses on macroeconomics, econometrics, and transition economics. He specifically focuses on the formal statistical implementation of theoretical models for the purpose of analyzing and forecasting aggregate economic activity. His research has been supported by grants from the National Science Foundation and the National Council for Eurasian and East European Research, and has been published in top general-interest and field journals. In addition to publishing more than 40 published refereed journal articles, he is the coauthor of the textbook Structural Macroeconomics (Princeton University Press, 2007). He also served as Associate Editor of the Journal of Business and Economic Statistics from 2000 to 2006.

Juan J. Dolado is professor of economics at the Universidad Carlos III de Madrid, Spain. He has been chief-economist in the research department of the Banco de España until 1997. He received a M.Sc. in mathematical economics from the London School of Economics and a D.Phil. in Economics from the University of Oxford. During 1998-2004 he was co-director of the "Labour Economics Programme" at the Centre for Economic Policy Research (CEPR) in London. He is currently co-editor of Labour Economics (Elsevier), and has served in the past as managing editor of the Spanish Economic Review, co-editor of Econometric Theory, and associate editor of Economic Policy and European Economic Review. He is Fellow of European of Economic Association where he served in its Executive Council from 2005 to 2008. During 2005-2009 he belonged to the Group of the Economic Policy Advisors of the President of the European Commission. His fields of research are econometric theory (time series) and labour economics.

Sebastian Edwards is the Henry Ford II Professor of International Business Economics at the Anderson Graduate School of Management at the University of California, Los Angeles (UCLA). From 1993 until April 1996, he was the Chief Economist for the Latin America and Caribbean Region of the World Bank. He is also a research associate of the National Bureau of Economic Research (NBER), a member of the advisory board of Transnational Research Corporation and co-chairman of the Inter American Seminar on Economics (IASE). He has been president of the Latin American and Caribbean Economic Association (LACEA). He is a member of the Scientific Advisory Council of the Kiel Institute of World Economics, Kiel-Germany, and a member of the former California Governor Arnold Schwarzenegger’s Council of Economic Advisors.

Stefan Gerlach is professor of monetary economics at, and Director of, the Institute for Monetary and Financial Stability at the Johann Wolfgang Goethe University in Frankfurt, a research fellow of the CEPR and a fellow of the CFS. He is furthermore an External Member of the Monetary Policy Committee of the Bank of Mauritius. Before joining the university in September 2007, he was secretary to the Committee of the Global Financial System at the BIS. Between 2001 and 2004 he served as executive director (research) at the Hong Kong Monetary Authority and Director of the Hong Kong Institute for Monetary Research, and worked in the research area of the BIS between 1992 and 2001. Between 1986 and 1992 he was on the faculty at Brandeis University, USA, leaving as a tenured associate professor of economics. He has been a visiting assistant professor at Brown University, USA, and at INSEAD in France. His research interests are in the areas of monetary policy and empirical macroeconomics.

Amit Goyal is a professor of finance at HEC Lausanne. Formerly on the faculty of Emory University (Atlanta, USA), he holds a Ph.D. in Finance from University of California at Los Angeles. He has research interests in empirical asset pricing, predictability of stock returns, portfolio optimization, and pension funds. His papers have been published in a variety of academic journals including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.

Michel A. Habib is professor of finance at the Swiss Banking Institute of the University of Zurich and holds a Senior Chair at the Swiss Finance Institute. His research interests are corporate finance and the theory of the firm. His research has appeared in a number of academic and practitioner publications, such as the Journal of Business, the Journal of Finance, the Review of Financial Studies, and the Journal of Applied Corporate Finance. He directs the NCCR FINRISK. He is a graduate of McGill University and the Wharton School of the University of Pennsylvania and was associate professor of finance at the London Business School prior to joining the University of Zurich.

Philipp Harms is professor of economics at the University of Johannes Gutenberg University Mainz (Germany) and joined the Study Center Gerzensee in September 2002. Before receiving his doctorate in economics from the University of St. Gallen in 1999, he attended the Program for Doctoral Students at Gerzensee and spent a year as a visiting graduate student at the University of Maryland. Upon graduation, he joined the faculty of the University of Konstanz (Germany) where he worked as an assistant professor from 1999 through 2004. He also taught classes in macroeconomics and monetary economics at the Universities of St. Gallen and Lausanne, and from 2004 through 2010 he was professor of macroeconomics at RWTH Aachen University (Germany). His main research areas are international economics, macroeconomics and political economy.

Nils Herger is lecturer at the Study Centre Gerzensee, lecturer at the University of Berne, and research affiliate to the national competence centre in research (NCCR) for trade regulation. He studied for a B.A. in economics at the Universities of Bern and Neuchâtel and received an M.Sc. and Ph.D. in economics from the University of Exeter (United Kingdom). Before taking up his current position at the Study Centre, he has worked as an economic advisor for the Swiss Competition Commission and the Swiss Business Federation. Research interests include empirical aspects of international trade and finance, international investment, the economics of corruption, and industrial organization.

Erwan Morellec is Swiss Finance Institute professor and professor of finance at EPFL (Swiss Federal Institute of Technology), Switzerland. Formerly on the faculties of the University of Rochester (USA) and of the University of Lausanne (Switzerland), he holds a Ph.D. in finance from HEC Paris. He is project director for the Swiss National Science Foundation, the head of the Swiss Finance Institute (SFI) Doctoral Program, and a CEPR research fellow. He has research interests in corporate finance and asset pricing. His papers have been published in a variety of academic journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Business, and the Journal of Economic Theory.

Michael Rockinger is professor of finance at HEC Lausanne and a member of the Swiss Finance Institute. He is a former scientific consultant of the Banque de France. He earned a Ph.D. in economics at Harvard University after graduating in mathematics from the Swiss Federal Institute of Technology. Recently he published a 540 pages book on how to model “Non-Gaussian Finance” with Springer. He has extensively published in international journals. Michael Rockinger has also been a visiting professor at the New Economic School in Moscow, the London Business School, Amos Tuck Business School at Dartmouth College, as well as at the University of California San Diego. His research interests are split in three strands: the information content of financial derivative instruments, finance in emerging markets, as well as empirical aspects of market microstructure.

Ernst-Ludwig von Thadden has recently moved to the University of Mannheim. He was previously professor of economics at the Département d'Econométrie et Economie Politique at the University of Lausanne. He obtained his Ph.D. in economics at the University of Bonn within the "European Doctoral Program in Economics" in 1991, after an undergraduate degree in mathematics and economics at the university of Heidelberg and M.Phil. studies at the London School of Economics. He is research fellow at the Center for Economic Policy Research (London), former resident fellow of the Center for Advanced Studies in the Behavioral Sciences in Stanford, and director of the doctoral program of the International Center FAME at the Universities of Lausanne and Geneva; co-organiser of the European Summer Symposium in Financial Markets, board member of several journals and former consultant to the World Bank and other international institutions. His research covers corporate finance, banking, international finance, political economy, and contract theory.

Carl E. Walsh is Distinguished Professor of Economics at the University of California, Santa Cruz. He has taught at the University of Auckland, New Zealand and at Princeton University and has held visiting appointments at UC Berkeley and Stanford. He is a visiting scholar at the Federal Reserve Bank of San Francisco. His research is in the areas of monetary economics and monetary policy. In addition to numerous journal articles, he is the author of Monetary Theory and Policy, a graduate level text on monetary economics. He has taught intensive courses in monetary economics at the IMF, the Bank of England, the Hong Kong Monetary Authority, the Bank of Spain, the Bank of Portugal, the Central Bank of Brazil, the Finnish Post-Doctorate Program in Economics, and the University of Oslo. He is a past member of the board of editors of the American Economic Review, a co-editor of the International Journal of Central Banking, an associate editor of the Journal of Money, Credit, and Banking, and a member of the editorial board of the Journal of Macroeconomics.

Volker Wieland is Professor of Monetary Theory and Policy at Goethe University of Frankfurt and a Founding Professor of the Institute for Monetary and Financial Stability. In 1995 he received a Ph.D. in Economics from Stanford University. Before joining the Frankfurt faculty in November 2000, he was a senior economist at the Board of Governors of the Federal Reserve System in Washington, DC. Volker Wieland was awarded the Wim Duisenberg Research Fellowship by the European Central Bank for the academic year of 2008/09. He is also a Research Fellow of the Center for Economic Policy Research in London and a member of the CEPR's Euro Area Business Cycle Dating Committee. From 2003 until 2009 he served as Director of the Frankfurt Center for Financial Studies. He has been organizing the annual conference "The ECB and its Watchers since 2004. He has also been a Visiting Professor at the Stanford Center for International Development, a visiting researcher at the Institute for International Economic Studies at Stockholm University and the Center for European Integration at the University of Bonn, a consultant at the European Central Bank and an Adjunct Professor at the University of Maryland Business School. Volker Wieland's research interests include monetary and fiscal policy, inflation, business cycles and macroeconomic models, numerical methods and learning in macroeconomics and finance. His research has been published in leading economic journals such as the American Economic Review, the Journal of Monetary Economics, the Journal of the European Economic Association, the European Economic Review and the Journal of Economic Dynamics and Control. Some of these findings have also been discussed in the international press, for example in the Wall Street Journal, the Economist, Frankfurter Allgemeine, Zeit, Neue Zürcher Zeitung and other media.