Welcome to the Chair of Macroeconomics

On July 1st 2023, our team "Macromaniacs" made its debut at the 9th KIT Championship over 10km. We are proud of our total time of 3:17:04 and immediately take up the preparation for 2024!

The article discusses the current federal budget from the perspective of intergenerational fairness, with contributions from Prof. Brumm and three members of the Bundestag. (Article in German only)

In this interview, Johannes Brumm answers questions regarding government debt, the debt break and the current special assets of the German Federal Government. Additionally, he outlines concepts for a fiscal policy that takes all future generations into account. (Interview in German only)

The handbook article Sparse Grids for Dynamic Economic Models by Johannes Brumm, Christopher Krause and co-authors was published in Oxford Research Encyclopedia of Economics and Finance. It draws upon the article Using Adaptive Sparse Grids to Solve High-Dymensional Dynamic Models by Johannes Brumm and Simon Scheidegger that was published in 2017 in Econometrica.

Johannes Brumm receives a European Research Council (ERC) Starting Grant. The project advances solution methods for high-dimensional stochastic overlapping generations (SOLG) models to address applications related to public debt and pension reform.
The project ,SOLG for Policy‘ will be funded for five years with a total amount of about 1.5 million Euro. We are happy that our team will grow and that we will be able to address questions of high relevance for society.

KIT press release (German)

Prof. Brumm visits Harvard University in Spring 2021 and gives a lecture on numerical methods for solving high-dimensional dynamic models.