Upcoming Events

Public lecture – 22.09.2016
Paul Krugman: „Can Europe Be Saved?"
University of Zurich, Aula, 6.30 p.m. more

Forum for Economic Dialogue – 07.11.2016
"The Rise of the Machines"
Zurich, Kaufleuten more

News

Fabrizio Zilibotti held this year’s "Walras-Bowley Lecture" during the 2016 North American Meeting of the Econometric Society. The Meeting was hosted by the Wharton School and the Department of Economics at the University of Pennsylvania and took place from June 16 to 19, 2016. The "Walras-Bowley Lecture" is an annual lecture given by a non-North-American member at the North American meeting. Former lecturers include, among others, Philippe Aghion, Per Krusell, Andreu Mas-Colell, Nobel Laureate Christopher Pissarides, and Nobel Laureate Jean Tirole.

Conference website

In this edition of the Swiss newspaper Finanz und Wirtschaft Professor Voth discusses how index funds are becoming increasingly powerful market forces undermining antitrust regulations. He argues that, given the structure of their portfolios and their influence on multiple companies within an industry, a monopolistic situation is created.

FuW online article (in German)

Ernst Fehr and Roberto Weber from the Department of Economics at the University of Zurich together with Alexander Wagner (Department of Banking and Finance) organized a Workshop on Behavioral Economics of Financial Markets. The two-day workshop brought together leading specialists in the field of behavioral finance to share and debate their latest insights in terms of methodologies and content.

Event website

Nobel Laureate Prof. Robert J. Shiller (Yale University) spoke about "Phishing for Phools: The Economics of Manipulation and Deception" in his lecture at the University of Zurich. This is also the title of his latest book in which George Akerlof and Robert Shiller argue that "competitive markets by their very nature spawn deception and trickery." In a recent interview with the Swiss newspaper Tages-Anzeiger, Shiller talks about how companies manipulate their customers and why McDonalds has comparatively high standards thanks to regulations.

Video on YouTube Article Tages-Anzeiger (in German) Article NZZ (in German)

David Dorn discusses changes in the national and international labor market with Brigitta Bernet, an economic historian, in the current edition of the UZH Magazin. There is a long history of people fearing that new technologies would lead to massive unemployment, says Dorn. Surprisingly, despite the fact that computers, the internet and robot-driven machines have been used for decades, many people still have jobs today. In Switzerland, there have never been so many people employed like in the past few years.

UZH Magazin interview (in German)

"Cheap imports from China led to an immense job loss in the US economy," says David Dorn in an interview with the Swiss newspaper NZZ am Sonntag. His research shows that the U.S. regions which were hardest hit by Chinese import competition became much more likely to elect politicians from the far right or far left, thus contributing to the strong ideological polarization of U.S. Congress.

NZZ am Sonntag Interview (in German)

In an interview with the Swiss newspaper Tages-Anzeiger, Ernst Fehr talks about his research, the future of the Department of Economics at Zurich, the arrogance of the American elite, and about fairness and influence.

Tagesanzeiger online article (in German)

The relationship between inequality and economic growth is complex. Yet, an evergrowing income inequality risks harming future growth by creating support for bad policies. A column by Fabrizio Zilibotti in the current issue of the Swiss newspaper Finanz und Wirtschaft.

FuW online article

The New York Times features David Dorn's research on trade and political polarization on its front page. The new research shows that the U.S. regions which were hardest hit by Chinese import competition became much more likely to elect politicians from the far right or far left, thus contributing to the strong ideological polarization of U.S. Congress. While trade-exposed regions with white population majority move to right, non-white voters move to the left, thus eroding support for moderate candidates in both the Republican and Democratic parties.

NYT online article

Can directed technical change be used to combat climate change? David Hémous (University of Zurich) together with his colleagues Philippe Aghion (Harvard University), Antoine Dechezleprêtre (LSE), Ralf Martin (LSE), and John Van Reenen (LSE) answer this question in their recently published article in the Journal of Political Economy. They show that firms tend to innovate more in clean (and less in dirty) technologies when they face higher tax-inclusive fuel prices.

Journal of Political Economy article

Often, it is hard to understand why people behave the way they do, because their true motives remain hidden. A team around Grit Hein and Ernst Fehr have now shown how peoples’ motives are characterized by a specific interplay between different brain regions and how this interplay allows precise classification of the motives underlying a shown behavior.

Article in Science, Press Release UZH

Six scientists from UZH are among the most influential researchers in their field. Thomson Reuters recently published the ranking for 2015.

Thomson Reuters, UZH News (In German)

A new study by labor economists David Autor, David Dorn, and Gordon Hanson shows that increased trade with China caused severe and permanent harm to many American workers. Exposed workers experience greater job churning and reduced lifetime income.

The Economist, Chicago Tribune, New York Times, Bloomberg News, Washington Post, The Atlantic

Joachim Voth has been invited to deliver the 2016 Hicks Lecture at All Souls College, Oxford. Named after Sir John Hicks, Nobel Laureate in Economics (1972), the lectures bring prominent economic historians to Oxford to give a keynote. Speakers in recent years have included Claudia Goldin, Joel Mokyr, Jeffrey Williamson, Christina Romer, Peter Temin, and Robert Allen. The lecture will take place on April 26.
Fabrizio Zilibotti delivered the "Keio Economic Society Lecture 2016" with the title "Do Unequal Societies Have More Pushy Parents? The Economics of Parenting Styles" on December 24. 2015. Following the event, Nikkei Shinbun Nikkei's flagship publication and the world's largest financial newspaper published a full-page interview with Zilibotti on January 11, 2016.