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Eur opean Universit y Institute
Prof. Courty was awarded the H. Gregg Lewis Prize ($2,500) for the best article published in the Journal of Labor Economics in 2004/5. and was winner of the June Pallot Award (prize $1,000) for the best article published in the International Public Management Journal in 2005.
Salvador Ortigueira
Morten Ravn
Karl Schlag
Omar Licandro works mainly in growth theory, human capital formation, technological progress and monetary theory. In 2006 he published in the Palgrave Dictionary, the BE Journals in Macroeconomics, and Investigaciones Economicas. He visited the Federal Reserve Bank of New York (March), organised or co-organised the Integration and Trade in the Americas conference (Sao Paolo, April), the Dynamic General Equilibrium Macro Workshop (Santiago de Compostela, April), the XI Workshop on Dynamic Macroeconomics (Vigo, July), an invited session of the European Economic Association annual congress (Vienna, August), the workshop on Demographic Change and Secular Transitions in the Labor Market (Bonn, Sept.), and the 4th Conference of the Euro-Latin Network on Integration and Trade (ELSNIT, Paris, Oct.). Omar Licandro is member of the Executive Committee of the Spanish Economic Association, the Editorial Board of Annales d’Economie et Statistique and the Steering Committee of the ELSNIT. He is a fellow of the CEPR and the IRES, Université Catholique de Louvain, and scientific advisor to the Royal Swedish Academy of Sciences and the Spanish Ministry of Education. Helmut Lütkepohl has worked on econometric methodology which is useful, for example, for empirical work on monetary policy. In particular, he has continued his work on statistical tests for unit roots and cointegration and has studied structural vector autoregressive models. Together with colleagues from Berlin and Helsinki he developed and investigated a class of cointegration tests for systems with deterministic trends and a structural break in the trend slop. With Paulo Rodrigues from Faro (Portugal) he edited a special issue of the journal Econometric Theory on unit root and cointegration testing. THE PRESIDENT ’S ANNUAL REPORT - SPRING 2007
In structural VAR analysis a major problem is to identify shocks of interest which are traced through the system and which help to understand the interactions between the variables of interest. In the literature typically uncertain and potentially controversial economic knowledge is used to identify the shocks. Helmut has explored the possibility to use distributional properties of the variables under investigation and thereby substitute statistical information for economic or institutional knowledge. This work has been done largely in cooperation with the Jean Monnet Fellow, Markku Lanne, from Finland. Prof. Lütkepohl has published several articles and served on the editorial boards of a number of journals (Econometric Theory, Macroeconomic Dynamics, Journal of Applied Econometrics, Empirical Economics, CESifo Economic Studies). Massimo Motta has been working on several issues related to competition policy, in particular, with Liliane Karlinger (University of Vienna) on the possible anti-competitive use of rebates, and with Gregor Langus (EUI) on an empirical assessment of the effects of antitrust investigations on the share prices of the firms investigated and fined for antitrust violations. Together with Thomas Rønde (University of Copenhagen) he has been studying the interplay between anti- and pro-competitive effects of exclusive contracts, and with Michele Ruta (EUI) is working on the ‘national champion’ dimension of mergers (why national governments are often hostile to foreign firms taking over national ones, and why they often promote mergers among domestic firms). Prof. Motta is a member of the Academic Advisory Panel of Ofcom (Office of Communication, London), the Economic Advisory Group on Competition Policy, Directorate General for Competition, European Commission and the Executive Committee of the Association of Competition Economists, ACE. Salvador Ortigueira continued research in several areas, such as asset prices, optimal fiscal policy and labour markets. More recently, he has started working on the macroeconomic