The Center for Financial Studies
conducts independent and internationally oriented research in important areas of Finance. It serves as a forum for dialogue between academia, policy-making institutions and the financial industry. It offers a platform for top-level fundamental research as well as applied research relevant for the financial sector in Europe.
"Good policy needs rigorous, state-of-the-art economic analysis, combined with sound judgement. It is necessary to critically mirror the "new" against the "old" – both in theory and with regard to political circumstances. Economic research conducted in such a way remains theory, but a theory that does not solely rely on a model."
Nikolaus Hautsch, Akos Horvath
Giulio Fella, Serafin Frache, Winfried Koeniger
Employing novel and very comprehensive (“big data”) sets of micro prices (at the retail product level) the research network MIGGROPRICES aims at contributing to this literature by providing new insights into the nature of price setting. Moreover, research conducted in the context of MIGGROPRICES addresses questions related to (inter-)national goods market integration, the pass-through of costs to prices and issues of competitiveness.