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Faculty of Social Sciences, Economics, and Business Administration

Macroeconomics and International Finance

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  10. Prof. Dr. Christian R. Proa?o
Tim Kipphan/Uni Bamberg

Prof. Dr. Christian R. Proa?o

Macroeconomics and International Finance

Otto-Friedrich-Universit?t Bamberg
Fakult?t für Sozial- und Wirtschaftswisssenschaften
Feldkirchenstr. 21, Room F21/02.49
96045 Bamberg

Email: christian.proano(at)uni-bamberg.de

Curriculum Vitae(217.3 KB)

Ph. +49-951-863-1576

Office hours: Monday 2 - 3 p.m. (during the lecture-free time only by appointment)

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

Brief biography:

Born in 1980 in Quito, Ecuador. Study of Economics at the Catholic University Ecuador (PUCE) and at Bielefeld University, subsequent promotion in 2008. From 2008 until 2010 research economist at the Institute for Macroeconomics and Economic Research (IMK). From 2010 until 2015 Assistant Professor of Economics at the New School for Social Research in New York, NY. Since May 2015 he holds the Professorship for Economics, especially Macroeconomics and International Finance at the Otto-Friedrich-University Bamberg.

Prof. Dr. Proa?o is Co-Author of more than 30 articles in peer-reviewed academic journals, three books on macroeconomic theory and numerous additional publications. You will find a complete list of Prof. Dr. Proa?os publications, detailed info on his professional career, his research and teaching experience as well as info on additional activities here!(74.7 KB)

Selected Publications

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.

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.

Strohsal, T., Proa?o, C.R. & J.Wolters (2018), Assessing the Cross-Country Interaction of Financial Cycles: Evidence from a Multivariate Spectral Analysis of the US and the UK. Empirical Economics, 57(2), 385-398.

Proa?o C.R. & A. Tarassow (2018), Evaluating the predicting power of ordered probit models for multiple business cycle phases in the U.S. and Japan. Journal of the Japanese and International Economies, DOI:org/10.1016/j.jjie.2018.08.002 d

Dr?ger, L. & C.R. Proa?o (2018), Cross-Border Banking and Macroprudential Policies in Asymmetric Currency Unions. Macroeconomic Dynamics, DOI: 10.1017/S1365100518000214.

Flaschel, P., Charpe, M., Galanis, G., C.R. Proa?o & R. Veneziani (2017), Macroeconomic and Stock
Market Interactions with Endogenous Aggregate Sentiment Dynamics. Journal of Economic Dynamics and Control. DOI: 10.1016/j.jedc.2017.10.002.

Menden, C. & C.R. Proa?o (2017), Dissecting the Financial Cycle with Dynamic Factor Models. Quantitative Finance, doi: 10.1080/14697688.2017.1357971

Bask, M. & C.R. Proa?o (2016), Optimal monetary policy under learning and structural uncertainty in a New Keynesian model with a cost channel and inflation inertia. Journal of Economic Dynamics and Control 69,112-126. link

Proa?o, C.R. (2016), Detecting and Predicting Economic Accelerations, Recessions, and Normal Growth Periods in Real-Time. Journal of Forecasting, DOI:10.1002/for.2412.

Proa?o, C.R., Schoder, C.& W. Semmler (2014), Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions. Journal of International Money and Finance 45, 17-37.

Proa?o, C.R. & T. Theobald (2014), Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator. International Journal of Forecasting 30, 898-917.

Schoder, C., Proa?o, C.R. & Semmler, W. (2013), Are the current account imbalances in EMU countries sustainable? Evidence from parametric and non-parametric tests. Journal of Applied Econometrics 28(7), 1179-1204, Nov.-Dec.

Proa?o, C.R. (2013), Monetary Policy Rules and Macroeconomic Stabilization in Small Open Economies under Behavioral FX Trading: Insights from Numerical Simulations. The Manchester School 81(6), 992-1011, Dec.

Proa?o, C.R. (2012), Gradual Wage-Price Adjustments, Labor Market Frictions and Monetary Policy Rules. Journal of Economic Behavior and Organization 82(1), 220-235, April.

Proa?o, C.R., Flaschel, P., Krolzig, H.M. & Diallo, M.B. (2011), Monetary Policy and Macroeconomic Stability under Alternative Demand Regimes. Cambridge Journal of Economics 35(3), 569-585.

Proa?o, C.R. (2011), Exchange Rate Determination, Macroeconomic Dynamics and Stability under Heterogeneous Behavioral FX Expectations.  Journal of Economic Behavior and Organization 77(2), 177-188, Feb.

Flaschel, P., Franke, R. & C.R. Proa?o (2008), On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting. The B.E. Journal of Macroeconomic 8(1), Article 31 (Topics).

Flaschel, P., Franke, R. & C.R. Proa?o (2006), Wage-Price Dynamics and Income Distribution in a Semi-Structural Keynes-Goodwin Model. Structural Change and Economic Dynamics 17, 452-465.

Review Activity

Journal of Economic Behavior and Organization (3x), Journal of Economic Dynamics and Control (3x), Macroeconomic Dynamics (2x), Empirica. Journal of European Economics, Structural Change and Economic Dynamics (2x), Energy Economics, Australian Economic Papers, European Journal of Economics and Economic Policy: Intervention (2x), Economics Bulletin, Metroeconomica (4x), Journal of Human Development and Capabilities, Review of Keynesian Economics, International Review of Economics and Finance, Journal of Economic Studies, E-conomics. The Open-Access, Open-Assessment Journal, Quarterly Journal of Economics and Finance, Review of Political Economy, Routledge, Taylor & Francis Group, International Economic Journal, Jahrbücher für National?konomie und Statistik.

Membership in Academic Associations

Verein für Socialpolitik
European Economic Association
Eastern Economic Association
Computational and Financial Econometrics (CFE) Network

Additional Features

Research Fellow, Universidad San Francisco de Quito (USFQ)
Research Fellow, Centre for Applied Macroeconomic Analysis (CAMA)
Board Member, German Network for New Economic Dynamics (GENED)
Research Fellow, DIW Berlin - German Institute for Economic Research
Member, Computational and Financial Econometrics (CFE) Network
Fellow, Euro Area Business Cycle Network (EABCN)
Vertrauensdozent der Hans-B?ckler Stiftung