25 Years IWH

Stefan Gießler

Stefan Gießler
Current Position

since 1/14

Research Assistant in the Department of Macroeconomics

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • Pricing in commodity and food markets

Stefan Gießler is a PhD candidate in the Department of Macroeconomics. He is working on speculative pricing in commodity and food markets.

Stefan Gießler studied Economics, especially Monetary Economics and International Economics, at the University of Göttingen and visited the Universidad de Alicante, Spain. He received a Master in Dynamic Macroeconomics, Monetary Economics and Statistics/Econometrics from the Humboldt University Berlin and the Universiteit van Amsterdam. In his master thesis, Stefan Gießler was occupied with multivariate GARCH models to estimate conditional correlations and spillovers between oil and stock markets.

Your contact

Stefan Gießler
Stefan Gießler
Mitglied - Department Macroeconomics
Send Message +49 345 7753-782

Publications

Business Cylce Effects of the 2014 Oil Price Slump

Andrej Drygalla Stefan Gießler Oliver Holtemöller

in: Wirtschaftskammer Österreich: Wirtschaftspolitische Blätter , No. 4, 2015

Abstract

The price for crude oil has dropped remarkably since the middle of the year 2014. Business cycle effects of oil price changes depend on whether these are caused by demand or supply side factors. In the present paper, the decrease in oil prices since the middle of the year 2014 is decomposed into demand side and oil-market specific factors. Subsequently, the contribution of the decline in oil prices to the economic development since the third quarter of 2014 and the expected effects until the end of the year 2016 are analyzed using the international business cycle model of the Halle Institute for Economic Research (IWH). The analysis considers both, oil-exporting countries (Russia) as well as oil-importing economies (G7 countries and Austria). Economic activity is stimulated strongest in the United States and Japan, whereas it is remarkably curbed in Russia.

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