GEORG DUERNECKER

Position:

Associate Professor of Economics

Goethe University Frankfurt

Memberships:

CEPR Research affiliate

ifo Munich - Research professor

Durant's Porterhouse Club

Curriculum Vitae

Contact:

duernecker [at] econ [dot] uni [minus] frankfurt [dot] de

+49 (0) 69 798-34785

Office address:

Goethe-University Frankfurt

Faculty of Economics and Business

RuW, Room 4.213

Theodor-W.-Adorno-Platz 4

D-60323 Frankfurt am Main

Germany

[Pronunciation]

The correct way to pronounce my first name - Georg - is:

/geh-org/ (with a pronounced 'r' )

My last name - Dürnecker - is hard for English-speakers to pronounce because of the umlaut „ü“ (written as „ue“). A reasonable approximation would be: „dur-neh-ker"

Here is a useful tutorial on how to pronounce the "ü"
Important detail: The Austrian "r" tends to have a softer, less harsh sound compared to standard German "r"

Research statement

I have worked and published in several areas of macroeconomics, including economic growth, structural change, subjective expectations, and labor economics. My current research agenda on economic growth revolves around the question of the origins of long-run shifts in the sectoral composition of economies (structural change) and how these sectoral reallocations affect both individual-level and aggregate outcomes such as productivity, growth, and employment. A central theme of my research program on expectations is to analyze micro-survey data to measure subjective expectations of households, workers, and firms, and to study how these expectations shape individual behavior and thereby influence outcomes at both the individual and macroeconomic levels, such as unemployment, wages, wealth inequality, and productivity growth. A common methodological approach in my work is the use of micro data to inform (through calibration or estimation) computable general equilibrium models with heterogeneous agents, and to use these models for quantitative analysis.

Current research

The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare (with Almut Balleer, Susanne Forstner, and Johannes Goensch), American Economic Journal: Macroeconomics, Conditionally accepted. (Slides)

Biased Expectations and Labor Market Outcomes: Evidence from German Survey Data and Implications for the East-West Wage Gap (with Almut Balleer, Susanne Forstner, and Johannes Goensch). Journal of Monetary Economics, R&R. (Slides)

Selected publications

Structural Change within the Services Sector and the Future of Cost Disease (with Berthold Herrendorf and Akos Valentinyi), Journal of the European Economic Association, 2024, 22(1), 428–473. (Working paper), (Slides)
Structural Change and Productivity Growth in the EU - Past, Present and Future, (with Miguel Sanchez-Martinez), European Economic Review, 2023, Volume 151. (Working paper).
Structural Transformation of Occupation Employment (with Berthold Herrendorf), Economica, 2022, 89, 789-814. (Working paper), (Slides)
Trade Openness and Growth: A Network-Based Approach (with Moritz Meyer and Fernando Vega-Redondo). Journal of Applied Econometrics, 2022, 37( 6), 1182– 1203. Replication Files / Globalization Index Data
The Productivity Growth Slowdown and Kaldor's Growth Facts (with Berthold Herrendorf and Akos Valentinyi), Journal of Economic Dynamics and Control, 2021, Volume 130. (Working paper).
Social Networks and the Process of Globalization (with Fernando Vega-Redondo). Review of Economic Studies, 2018, 85(3), 1716-1751
Structural Transformation, Marketization, and Household Production around the World (with Benjamin Bridgman and Berthold Herrendorf). Journal of Development Economics, 2018, 133, 102-126.
On the Allocation of Time – A Quantitative Analysis of the Role of Taxes and Productivities (with Berthold Herrendorf). European Economic Review, 102, 2018, 169-187.
Technology Adoption, Turbulence and the Dynamics of Unemployment. Journal of the European Economic Association 12, June 2014, 724 - 754.

Work in progress

Wage Bargaining and Labor Market Policy with Biased Expectations (with Almut Balleer, Susanne Forstner, and Johannes Goensch). CEPR Discussion Paper No. 18019. (Slides)
Firm Expectations, Innovation and Growth (with Marek Ignaszak, Jisu Jeun and Leo Kaas) (Slides)
Causal Effects of Interest Rate Expectations on Firm Decisions and their Macroeconomic Implications (with Alina K. Bartscher, Johannes Goensch, Nils Wehrhöfer)
Structural Transformation, Firm Dynamics and Labor Market Policies
Informational Frictions and the Life-Cycle Dynamics of Job Mobility. Journal of Labor Economics, R&R

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