Authors of the Report on the European Economy 2009

Giancarlo Corsetti

Gilles Saint-Paul

Hans-Werner Sinn

Jan-Egbert Sturm

John Hassler

Michael P. Devereux

Tim Jenkinson

Xavier Vives

English

Research Papers in Economics

EEAG Report 2009 165
Authors
Giancarlo Corsetti 
(Ph.D. Yale, 1992) is Pierre
Werner Chair and Profes-
sor of Economics at the
European University Insti-
tute of Florence, on leave
from the University of
Rome III. He has taught at
the Universities of Rome,
Yale and Bologna. He is
co-director of the Pierre Werner Chair Programme on
Monetary Unions at the Robert Schuman Center. He
is a fellow of CESifo and CEPR, and has been a reg-
ular visiting professor at the Bank of Italy, the
European Central Bank, the Federal Reserve Bank of
New York and the International Monetary Fund. His
main field of interest is international economics and
policy analysis. His articles have appeared in the
Brookings Papers on Economic Activity, Economic
Policy, European Economic Review, Journal of
International Economics, Journal of Monetary
Economics, Quarterly Journal of Economics and the
Review of Economic Studies, among others. His con-
tributions include general equilibrium models of the
international transmission for the analysis of optimal
monetary policy; studies of the European currency
turmoil in 1992–93, and the currency and financial
crises in South East Asia; and models of the fiscal and
financial roots of exchange rate instability. On EMU-
related issues, he has contributed a critique of the
Treaty of Maastricht and an analysis of the launch of
the euro. He is currently co-editor of the Journal of
International Economics. 
Robert Schumann Centre for Advanced Studies 
Via dei Rocettini 9 
50016 San Domenico di Fiesole 
Italy 
giancarlo.corsetti@iue.it 
Michael P. Devereux 
(Ph.D. University College
London, 1990) is a profes-
sor of the University of
Oxford, and Director of
the Oxford University
Centre for Business Taxa-
tion. He is a Research Fel-
low of CESifo, the Institute
for Fiscal Studies and the
Centre for Economic Policy Research. Before Oxford,
he was Professor and Chair of Economics Depart-
ments at the Universities of Warwick and Keele. He is
Editor-in-Chief of International Tax and Public
Finance, Research Director of the European Tax
Policy Forum and a member of the Board of Mana-
gement of the International Institute for Public
Finance. He has been closely involved in internation-
al tax policy issues in Europe and elsewhere, working
with the OECD’s Committee of Fiscal Affairs, the
European Commission and the IMF. His current
research interests are mainly concerned with the
impact of different forms of taxation on the behav-
iour of business – for example, the impact of taxation
on corporate investment and financial policy and the
location decisions of multinationals – and the impact
of such behaviour on economic welfare. He has pub-
lished widely in a range of academic journals.
Centre for Business Taxation 
Saïd Business School University of Oxford 
Park End Street 
Oxford OX1 1HP 
United Kingdom 
michael.devereux@sbs.ox.ac.uk 
THE MEMBERS OF THE EUROPEAN ECONOMIC
ADVISORY GROUP AT CESIFOJohn Hassler 
(Ph.D. Massachusetts Insti-
tute of Technology, 1994) is
Professor of Economics at
the Institute for Internation-
al Economic Studies, Stock-
holm University. His re-
search covers areas in
macroeconomics, political
economy, economic growth
and public economics. He has published extensively in
leading international journals like the American
Economic Review, Journal of Economic Theory,
Journal of Economic Growth, Journal of Monetary
Economics and Journal of Public Economics. John
Hassler is a fellow of the networks CESIfo, IZA and
CEPR and was a member of the Economic Council of
Sweden between 1997 and 2005. He is associate editor
of Review of Economic Studies, European Economic
Review and Scandinavian Economic Review and is a
member of the Economic Policy Panel. 
IIES, Stockholm University 
SE-106 91 Stockholm 
Sweden 
John@hassler.se 
Tim Jenkinson 
(Ph.D. Oxford) is Professor
of Finance at Oxford Uni-
versity’s Saïd Business
School, and is Director of
the Oxford Finance Re-
search Centre. He joined
the Saïd Business School in
2000, having previously
been in the economics
department at Oxford University, which he joined in
1987. He is a Research Fellow of the Centre for
Economic Policy Research, a Research Associate of
the European Corporate Governance Institute and
Managing Editor of the Oxford Review of Economic
Policy. He is also a director of various companies
including economic consulting firm Oxford Economic
Research Associates (Oxera), the leading German
utility switching company Verivox Group, and the
UK-listed investment fund PSource Structured Debt
(LSE: PSD). He has consulted for a large number of
companies, regulators, government agencies and
industry associations. His current research is on pri-
vate equity, initial public offerings (in particular the
analysis of bookbuilding), corporate governance and
securitisation. His previous research has spanned
macroeconomic and microeconomic issues, in partic-
ular unemployment, wage setting, investment, and the
regulation of utilities. He has written widely on
finance and economics and his work has been pub-
lished in leading journals including the Journal of
Finance, Review of Financial Studies, Journal of
Financial Economics, Journal of Corporate Finance,
Economic Journal and the European Economic
Review. He has also published five books, Going
Public (with Alexander Ljungqvist, 2nd edition, OUP,
2001), Readings in Microeconomics (2nd edition,
OUP, 2000), Readings in Microeconomics (2nd edi-
tion, OUP, 2000), Competition in Regulated
Industries (with Dieter Helm, OUP, 1998) and Hostile
Takeovers (with Colin Mayer, McGraw-Hill, 1994). 
Said Business School 
University of Oxford 
Park End Street 
Oxford OX1 1HP 
United Kingdom 
Tim.jenkinson@sbs.ox.ac.uk 
EEAG Report 2009 166
AuthorsEEAG Report 2009 167
Authors
Gilles Saint-Paul 
(Ph.D. Massachusetts Insti-
tute of Technology, 1990) is
Professor of Economics at
the University of Toulouse,
GREMAQ-IDEI. He was
researcher at DELTA and
CERAS, Paris, 1990–1997,
and professor at Universitat
Pompeu Fabra, Barcelona,
1997–2000. He has held visiting professorships at
CEMFI, Madrid, IIES, Stockholm, UCLA and MIT.
He has been a consultant for the IMF, the World
Bank, the European Commission, and the British,
Portuguese, Spanish and Swedish governments. He is
a fellow of CESifo and IZA and a Programme
Director of the Centre for Economic Policy Research
in London. He is also a fellow of the European
Economic Association, and a member of the Conseil
d’Analyse Economique, the main economic advisory
board to the French prime minister. In 2007, he was
awarded the Yrjö Jahnsson medal to the best
European economist below 45 years of age by the
European Economic Association. His research inter-
ests are economic growth, income distribution, politi-
cal economy, labour markets, unemployment, and fis-
cal policy. Selected publications include “Knowledge
hierarchies in the labor market”, forthcoming,
Journal of Economic Theory (2007), “Some evolu-
tionary foundations for price level rigidity”, American
Economic Review (2005); “The Political Economy of
Employment Protection”, Journal of Political
Economy (2002); The Political Economy of Labour
Market Institutions (Oxford University Press, 2000);
Dual Labor Markets. A Macroeconomic Perspective
(MIT Press, 1996); Innovation and Inequality
(Princeton University Press, 2008). 
MF 206 
GREMAQ-IDEI 
Manufacture des Tabacs 
Allée de Brienne 
31000 Toulouse 
France 
gilles.saint-paul@univ-tlse1.fr 
Hans-Werner Sinn 
Hans-Werner Sinn is Pro-
fessor of Economics and
Public Finance at the Uni-
versity of Munich (LMU),
President of the CESifo
Group and President of the
International Institute of
Public Finance (IIPF).
Sinn has been a member of
the Council of Economic
Advisors to the German Ministry of Economics since
1989. From 1997 to 2000 he was president of the
German Economic Association (Verein für
Socialpolitik). He holds an honorary doctorate from
the University of Magdeburg (1999) and an honorary
professorship from the University of Vienna (1989).
He taught at the University of Western Ontario,
Canada, and held visiting fellowships at the Uni-
versity of Bergen, the London School of Economics,
Stanford University, Princeton University, Hebrew
University and Oslo University. He received the first
prizes of Mannheim University for his dissertation
and habilitation theses as well a number of other
prices and awards from various institutions including
the international Corinne Award for his book “Can
Germany be Saved”, which has sold more copies than
any other scholarly monograph on economic policy in
Germany in the last 100 years.. In 2005 he was award-
ed the Officer’s Cross of the Order of Merit of the
Federal Republic of Germany. In 1999 he gave the
Yrjö Jahnsson Lectures, in 2000 the Stevenson
Lectures, in 2004 the Tinbergen Lectures, in 2005 the
World Economy Annual Lecture at the University of
Nottingham and in 2007 the Thünen Lecture. Sinn
has published in the American Economic Review, the
Quarterly Journal of Economics, the European
Economic Review, the Journal of Public Economics
and many other international journals, covering a
wide range of fields and topics. He has published
18 monographs with 32 editions in six languages.
They include titles such as Economic Decisions under
Uncertainty, Capital Income Taxation and Resource
Allocation, Jumpstart – The Economic Unification of
Germany, The New Systems Competition and Can
Germany be Saved? The Malaise of the World’s First
Welfare State. His latest book, Das grüne Paradoxon,
which came out in 2008, developed a supply-side
approach to policies against global warming. 
Ifo Institute for Economic Research 
Poschingerstr. 5 
81679 Munich 
Germany 
sinn@ifo.de Jan-Egbert Sturm
(Ph.D. University of Gro-
ningen, 1997) is Professor
of Applied Macroeco-
nomics as well as Director
of the KOF Swiss Eco-
nomic Institute at the ETH
Zurich. He was researcher
at the University of Gro-
ningen, The Netherlands,
until 2001, and taught as
Visiting Professor at the School of Business, Bond
University, Gold Coast, Australia, 2000 and 2005. As
Head of the Department for Economic Forecasting
and Financial Markets at the Ifo Institute for
Economic Research, he was also Professor of
Economics at the University of Munich (LMU) at the
Center for Economic Studies (CES), 2001–2003. He
held the Chair of Monetary Economics in Open
Economies at the University of Konstanz, Germany,
which was coupled with the position of Director of
the Thurgau Institute of Economics (TWI) in
Kreuzlingen, Switzerland, 2003–2005. In his research,
Jan-Egbert Sturm relies heavily on empirical methods
and statistics, concentrating on monetary economics,
macroeconomics as well as political economy. His
applied studies have focused on, for example, eco-
nomic growth and central bank policy. He has pub-
lished several books, contributed articles to various
anthologies and international journals like Applied
Economics, Economics & Politics, Empirica,
Empirical Economics, European Journal of Political
Economy, German Economic Review, Journal of
Banking and Finance, Journal of Development
Economics, Journal of Economic Surveys, Journal of
Macroeconomics, Kredit und Kapital, Kyklos, Public
Choice, and Scandinavian Journal of Economics. Jan-
Egbert Sturm headed the Ifo research team at the
Joint Analysis of the Six Leading German Economic
Research Institutes, 2001–2003. Since 2001 he has
been member of the CESifo Research Network and
since 2003 Research Professor at the Ifo Institute. In
2006 he was appointed member of the User Advisory
Council of the Ifo Institute. At the beginning of 2007,
he became President of the Centre for International
Research on Economic Tendency Surveys (CIRET). 
ETH Zurich 
KOF Swiss Economic Institute 
WEH D 4 
Weinbergstr. 35 
8092 Zurich 
Switzerland 
sturm@kof.ethz.ch 
Xavier Vives 
(Ph.D. in Economics, UC
Berkeley) is Professor of
Economics and Finance at
IESE Business School and
at UPF in Barcelona. He is
a member of the Economic
Advisory Group on Com-
petition Policy at the Euro-
pean Commission; Vice-
president of the Asociación Española de Economía
Energética; Research Fellow of the Center for
Economic Policy Research, where he served as
Director of the Industrial Organization Program in
1991–1997, and of CESifo. He is also a member of the
European Academy of Sciences and Arts and Fellow
of the Econometric Society since 1992 and member of
its Council since 2006, and President-elect of the
Spanish Economic Association for 2008. From
2001–2005 he was Professor of Economics and
Finance and Chaired Professor of European Studies
at INSEAD, Research Professor at ICREA-UPF in
2004–2006, and from 1991–2001 Director of the
Institut d'Anàlisi Econòmica, CSIC. He has taught at
Harvard University, Universitat Autònoma de
Barcelona, Universitat Pompeu Fabra, the University
of California at Berkeley, the University of Pennsyl-
vania, and New York University (King Juan Carlos I
Chair). His fields of interest are industrial organiza-
tion and regulation, the economics of information,
and banking and financial economics. He has pub-
lished in the main international journals and is the
author of Oligopoly Pricing: Old Ideas and New
Tools (MIT Press, 1999), editor of Corporate
Governance: Theoretical and Empirical Perspectives
(CUP, 2000), and co-editor of Capital Markets and
Financial Intermediation (CUP, 1993). He has been
editor of main international academic journals and
currently he is the Editor of the Journal of the
European Economic Association, and Co-editor of
the Journal of Economics and Management Strategy. 
He has been a consultant on competition, regulation,
and corporate governance issues for the World Bank,
the Inter-American Development Bank, the
European Commission as well as for major interna-
tional corporations.
IESE Business School
Avda. Pearson 21
08034 Barcelona
Spain
XVives@iese.edu 
EEAG Report 2009 168
Authors

Authors: The members of the European Economic Advisory Group at CESifo 2009

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Authors: The members of the European Economic Advisory Group at CESifo 2009

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