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12th RGS Doctoral Conference in Economics


The 12th RGS Doctoral Conference in Economics took place from 19–20 February 2019 at the University of Bochum. More than 80 doctoral students from 12 countries met to present and discuss their ongoing research. The topics of the presentations covered various fields of economics, e.g. Applied Econometrics, Macroeconomics, Financial Markets, Energy Economics, Migration & Integration and others.

The social program of this year's conference led participants to „Deutsche Bergbaumuseum“. The tour gave an insight into an environment that would otherwise remain inaccessible to the general public: the underground world of mining.

The next day, keynote speaker Professor Dr. Christian Bayer from the chair of macroeconomics at the University of Bonn discussed recent advances in modeling economies with incomplete financial markets, nominal frictions, and aggregate and idiosyncratic risks. Apart from technical aspects of state-of the art models, Prof. Bayer talked about the economic implications that arise from the asset demand implications of the financial frictions. As households seek to insure against the economic risks, they face with a limited set of available assets, financial frictions alter substantially the transmission of aggregate economic shocks and changes in income risk find their repercussions in aggregate fluctuations.

The last day of the conference ended with the best paper award ceremony. Four papers were nominated for this prize, worth 500 Euro. Jonas Löbbing from the University of Cologne was the deserved winner for his paper “An Elementary Theory of Directed Technical Change an Wage Inequality“, in which he extends the existing endogenous growth theory by automization and digitalization to study their impact on the labor market.

The RGS Doctoral Conference was a great possibility to meet with fellow doctoral students. The constructive scientific atmosphere resulted in fruitful discussions with colleagues from all over the world.

The Ruhr Graduate School in Economics gratefully thanks all participants and those who helped organize this year’s conference.