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UNIVERSITY OF COLOGNE

Faculty of Management, Economics and Social Sciences

"Financial Market Imperfections and Macroeconomic Performance"

Professor Dr. Andreas Schabert from the Center for Macroeconomic Research (CMR) at the University of Cologne hosted in cooperation with the FiFo Institute for Public Economics at the University of Cologne the 5th workshop of the DFG-priority programme 1578 "Financial Market Imperfections and Macroeconomic Performance". At the two-day session in the conference rooms of the Fritz Thyssen Foundation, lectures on the current research findings of the priority programme were the centre of attention.

The German Research Foundation (DFG) as the main organization for the support of research projects at German universities and public research institutes promotes national inter-university collaborative research projects with its priority programmes.

The main objective of the priority programme 1578 "Financial Market Imperfections and Macroeconomic Performance" is to drive forward the German research in the border region between macroeconomics and finance. The individual research projects deal with influences from frictions in the financial market, macroeconomic volatility, and long-term growth.

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WiSo Faculty of the University of Cologne

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Developing knowledge and people for a better world
We conduct rigorous and relevant scientific research in Management, Economics, and Social Sciences and support people to grow and reach their full potential. We actively engage external stakeholders in our research and teaching to make a positive difference in the world.

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We are among the leading academic institutions in Management, Economics, and Social Sciences in Europe, measured in terms of
• quality and visibility of our research in selected fields,
• education and preparation of open-minded students for future careers, and
• the impact that our activities have on people, organisations, society, and the planet.

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We address current challenges in Management, Economics, and Social Sciences with outstanding scientific research and provide a unique multi-disciplinary platform where excellent researchers and capable students work together with organisations to generate and share relevant knowledge.

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WiSo was founded in 1901 as a School of Commerce. Since then, it has extended its scope to Economics, Sociology, and Politics. Now, we have over a century of experience in the education of new generations of business professionals, economists, sociologists, and political experts. During this time, we have developed a tradition of close dialogue with our stakeholders and have focused on scientific research that is relevant to the corporate world, to economic policy, and to society at large. We are located in the heart of Europe, in a city that has been a centre of international trade and commerce for over two thousand years.

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