News

  • New CESA Working paper
    • CESA Working Paper No. 15 | 2025
      Mario Lackner and Hendrik Sonnabend
      Positive Feedback Shapes Gender Gaps in Adolescent Risk-Taking – Causal Evidence from Real-Risk Competitions [PDF]
  • New CESA Working paper
    • CESA Working Paper No. 14 | 2025
      Rainer Baule, Sebastian Schlie and Xiaozhou Zhou
      The Term Structure of Intraday Return Autocorrelations [PDF]
  • New CESA Working paper
    • CESA Working Paper No. 13 | 2025
      Sarah Rezaei, Hendrik Sonnabend and Bastian Westbrock
      Overconfidence and Goal-Setting [PDF]
  • CESA Working Papers published

    The CESA Working Papers Nr. 02, 04 and 05 are recently published in Journal of Economic Dynamics and Control [Link], Health Economics [Link] and Journal of Behavioral and Experimental Economics [Link]

  • New CESA Working papers
    • CESA Working Paper No. 12 | 2025
      Robinson Kruse-Becher and Philip Letixerant
      Oil price expectations in explosive phases [PDF]
    • CESA Working Paper No. 11 | 2025
      Anna Krumme and Matthias Westphal
      Monetary returns to upper secondary schooling, the evolution of unobserved heterogeneity, and implications for employer learning [PDF]
  • 1st CESA Working Paper published in China Economic Review
    The first CESA Working Paper No. 1 | 2023 authored by our CESA members Benjamin Schwanebeck and Hans-Jörg Schmerer (and co-authored by Andreas Hauptmann), tilted "Plant-level adjustments to imports and exports at the extensive margin" is published in China Economic Review, Volume 87, October 2024, Article 102212. [Link]
  • New CESA members
    CESA is growing and we are very happy to announce that Professor Rainer Baule (Chair of Banking and Finance) is joining the center. We are looking forward to a fruitful collaboration!
  • New CESA Working paper
    • CESA Working Paper No. 10 | 2024
      Christoph Wegener, Robinson Kruse-Becher and Tony Klein
      EU ETS Market Expectations and Rational Bubbles [PDF]
  • Hans-Jörg Schmerer invited to present at the ETH Zurich research seminar

    We are pleased to announce that Hans-Jörg Schmerer has been invited by ETH Zurich to present a joint research project with Benjamin Schwanebeck on “The role of labor market and financial frictions for firm responses to globalization: Short-term pain or long-term gain?”.The presentation will be on the 12th of December. Further information on the event can be found on the ETH Zurich website: Link.

  • Recent publications
    CESA members have recently published the following research articles in 2024. [Link]
  • New CESA Working papers
    • CESA Working Paper No. 9 | 2024
      Marco Kerkemeier
      (Co-)Explosiveness of corporate credit spreads [PDF]
    • CESA Working Paper No. 8 | 2024
      Kamila Cygan-Rehm and Matthias Westphal
      School Starting Age and the Gender Pay Gap over the Life Cycle [PDF]
    • CESA Working Paper No. 7 | 2024
      Johannes Hollenbach, Hendrik Schmitz and Matthias Westphal
      Gene-environment interactions with essential heterogeneity [PDF]
    • CESA Working Paper No. 6 | 2024
      Mario Lackner and Hendrik Sonnabend
      When performance melts away: Heat causes mental errors in high-stakes competitions [PDF]
  • New CESA Working Paper

    Our CESA member Hendrik Sonnabend contributes to the Working Paper Series with the research paper entitled "The Napoleon complex revisited: New evidence from professional soccer" (co-authored with Giulio Callegaro and Mario Lackner) [PDF]

  • New CESA Working Paper

    Our new CESA member Matthias Westphal contributes to the Working Paper Series with the research paper entitled "Disruptions in Primary Care: Can Resigning GPs Cause Persistently Negative Health Effects?" (co-authored with Daniel Monsees) [PDF]

  • New CESA members

    CESA is growing and we are very happy to announce that the newly appointed Professor Matthias Westphal (Chair of Economic Policy) and his team (Anna Krumme and Dr. Hendrik Sonnabend) are joining the center. They mainly work on applied microeconometrics, empirical health and labor economics. We are looking forward to a fruitful collaboration!

  • CESA working paper series launched

    We are happy to announce the start of our CESA working paper series! The first three contributions are

    CESA Working Paper No. 1 | 2023
    Andreas Hauptmann, Benjamin Schwanebeck and Hans-Jörg Schmerer
    Plant-level adjustments to imports and exports at the extensive margin [PDF]

    CESA Working Paper No. 2 | 2023
    Joscha Beckmann, Marco Kerkemeier and Robinson Kruse-Becher
    Regime-specific exchange rate predictability [PDF]

    CESA Working Paper No. 3 | 2023
    Joscha Beckmann, Timo Heinrich and Jennifer Rogmann
    Inflation expectations and cognitive uncertainty [PDF]

  • Third-party funding from Energy Economics

    Data and methods for understanding the link between oil prices and exchange rates

CESA | 10.07.2025