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Wirtschaftspodium Schweiz - 21.04.2016
Park Hyatt, Zürich


Fabrizio Zilibotti has been invited to give the “Walras-Bowley Lecture” at the 2016 North American Meeting of the Econometric Society. The Meeting is hosted by the Wharton School and the Department of Economics at the University of Pennsylvania and will take place from June 16 to 19, 2016. Conference website
The economists Hans-Joachim Voth (University of Zurich), and Nico Voigtländer (University of California) show that Germans who grew up under the Nazi regime are much more anti-Semitic than those born before or after that period. The share of committed anti-Semites, who answer a host of questions about attitudes toward Jews in an extreme fashion, is 2–3 times higher than in the population as a whole. Results also hold for average beliefs, and not just the share of extremists; average views of Jews are much more negative among those born in the 1920s and 1930s. Movie (German) Interview with Hans-Joachim Voth (German) Paper
Decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal—at least partly—from an assumed positive intrinsic value of decision rights. Providing clean evidence for the existence of this intrinsic value and measuring its size, however, is intricate. Björn Bartling, Ernst Fehr, and Holger Herz from Zurich University developed a method capable of achieving these goals. The data reveal that the large majority of the subjects intrinsically value decision rights beyond their instrumental benefit. NZZ Article (in German) Download Workingpaper
Jaume Ventura (Universitat Pompeu Fabra) and Joachim Voth (Zurich University) say that when the dangers of debt in today’s world are considered, the potential benefits should not be forgotten. Looking at the conditions under which the Industrial Revolution in Britain took place, the researchers ask why the country that borrowed the most industrialised first. Article VOX Article FuW (in German)
Read about recent and current highlights of the UBS Center. Download PDF
Within the scope of the academic conference on "The Economics of Sovereign Dept", Harald Uhlig (University of Chicago) was interviewed by the Swiss Television SRF. Watch his view on the Greek debt crisis: Video (in German)
Kenneth Rogoff (Harvard University) spoke about "Dealing with debt" at the University of Zurich. He regards the elimination of the zero bound as a major turn in monetary policy, after the ending of the gold standard and the fixed exchange rates. Article NZZ (in German) Article FuW (in German) Article Handelszeitung (in German)
After a golden decade, economic growth in China has slowed down since 2012. In the year 2014, a growth of 7.4% of the GDP was reported for China. Forecasts for 2015 set the GDP growth rate below 7%, with no rebound in sight for 2016. Fabrizio Zilibotti says China’s institutions have been successful in promoting investment-led growth. However, the transition towards innovation-led growth necessitates economic reforms that raise the opposition of vested interests. FuW-Comment
In an interview with NZZ am Sonntag, Economist Kenneth Rogoff asks for drastic measures to keep Greece in the Eurozone. Also, he defends the Swiss National Bank’s measure to abadon the minimum price for a euro. Read more (in German)