// CURRENT POSITIONS

• Professorship for Economics, esp. Macroeconomics and International Finance
• Spokesperson of the Doctoral Research Group “Bounded Rationality, Heterogeneity and Network Effects” (Promotionskolleg PK 45), funded by the Hans-B?ckler-Foundation and the Otto-Friedrich-Universit?t Bamberg.

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// SUPERVISION

Professor Dr. Christian R. Proa?o is particularly interested in supervising doctoral students in the areas of behavioral macroeconomics, economic inequality,  nonlinear macroeconometrics, international finance and monetary policy.

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// RESEARCH

Fields of Research

Macroeconomic theory
Behaviour-based macroeconomics and expectation formation processes
Monetary and currency theory and -policy
Non-linear macroeconometrics
Business cycle analysis and -forecasting
Distribution of income and macroeconomic stability

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// SELECTED PUBLICATIONS

Proa?o, C.R., Pe?a, J.C. & T. Saalfeld (2024), Inequality, Macroeconomic Performance and Political Polarization: An Panel Analysis of 20 Advanced Democracies. Review of Social Economy 82(3), 396-429.

Proa?o, C.R., Makarewicz, T. & Kukacka, J. (2024), Belief-Driven Dynamics in a Behavioral SEIRD Macroeconomic Model with Sceptics, Journal of Economic Behavior & Organization 217, 312-333.

Proa?o, C.R., Pe?a, J.C. & S. Schnellbacher (2023), How Does Financial Development Affect the Growth-Inequality Nexus? Evidence from a PCHVAR Analysis. Industrial and Corporate Change 32(2), 474-501.

Di Guilmi, C., Galanis, G. & C.R. Proa?o (2023), A Baseline Model of Behavioral Political Cycles and Macroeconomic Fluctuations. Journal of Economic Behavior & Organization 212, 50-67.

Proa?o, C.R., Pe?a, J.C. & S. Schnellbacher (2023), How Does Financial Development Affect the Growth-Inequality Nexus? Evidence from a PCHVAR Analysis. Industrial and Corporate Change 32(2), 474-501.

Proa?o, C.R., Pe?a, J.C. & T. Saalfeld (2022), Inequality, Macroeconomic Performance and Political Polarization: An Panel Analysis of 20 Advanced Democracies. Review of Social Economy, forthcoming.

Proa?o, C.R. & B. Lojak (2021), Monetary Policy with a State-Dependent Inflation Target in a Behavioral Two-Country Monetary Union Model, Journal of Economic Dynamics and Control, 133, 104236, Dec.

Proa?o, C.R. & B. Lojak (2020), Animal Spirits, Risk Premia and Monetary Policy at the Zero Lower Bound, Journal of Economic Behavior and Organization, 171, 221-233.

Dr?ger, L. & C.R. Proa?o (2020), Cross-Border Banking and Macroprudential Policies in Asymmetric Currency Unions. Macroeconomic Dynamics, 24(2), 255-290.

Strohsal, T., Proa?o, C.R. & J. Wolters (2019), Characterizing the Financial Cycle: Evidence from the Frequency Domain. Journal of Banking and Finance, 106, 568-591, Sep.

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Professor Proa?o's website at the Professorship for Economics, esp. Empirical Economics