Awards

On the occasion of the 65^th birthday of former OeNB-Governor Klaus Liebscher, and in recognition of his commitment to Austria’s participation in Economic and Monetary Union (EMU) and to the cause of European integration, the Oesterreichische Nationalbank (OeNB) established the Klaus Liebscher Award in 2005. This award is offered every year for two outstanding (policy-oriented) scientific papers on Economic and Monetary Union and European integration issues written by young economists (up to 35 years) from EU Member States or EU candidate countries. All authors of coauthored papers must fulfill all conditions for participation. The award grants EUR 10,000 per paper, and is announced at the OeNB’s annual Economic Conference. The winners are expected to present their main findings at this conference.

To qualify for competition, papers must be written in English or German and must be submitted to the Oesterreichische Nationalbank by January 31, 2012, at the latest. The chair of the panel of reviewers is Ewald Nowotny, Governor of the OeNB. Papers shall be e-mailed to the Head of Economic Studies of the Oesterreichische Nationalbank, Martin Summer, cc: Beate Hofbauer, and shall be identified as applications with the reference “Klaus Liebscher Award 2012” in the subject line.

For further information, please contact the Head of Economic Studies of the Oesterreichische National Bank, Martin Summer.

The following young economists have received a Klaus Liebscher Award since the Award’s inception:

• Steffen Osterloh for his paper „Can Regional Transfers Buy Public Support? Evidence from EU Structural Policy"

• Friederike Niepmann and Tim Schmidt-Eisenlohr for their paper „Bank Bailouts, International Linkages and Cooperation"

• Zeno Enders, PhilipJung and Gernot J.Müller for their study „Has the Euro changed the Business Cycle?”

• Tarek Alexander Hassanfor his paper “Country Size, Currency Unions, and International Asset Returns”

• Anton Korinekfor his paper “Systemic Risk: Amplification Effects, Externalities, and Policy Responses”

• Kerstin Gerling for her paper “The Real Consequences of Financial Market Integration when Countries Are Heterogeneous”

• Silvia Rocha AkisandAleksandra Riedlfor their paper “Testing the Tax Competition Theory: How Elastic are National Tax Bases in Western Europe?”

• Harald Badingerfor his paper “Has the EU’s Single Market Programme Fostered Competition? Testing for a Decrease in Markup Ratios in EU Industries”

• Gert Peersmanfor his paper “The Relative Importance of Symmetric and Asymmetric Shocks: The Case of United Kingdom and Euro Area”

• Petra Geraats for her paper “The Mystique of Central Bank Speak”

• Marek Jarocinskifor his paper “Responses to Monetary Policy Shocks in the East and the West of Europe: A Comparison”

• Ester Faiafor her paper “Financial Differences and Business Cycle, Co-Movements in a Currency Area”

• Federico Ravennafor his paper “The European Monetary Union as a Commitment Device for New EU Member States”