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Head of the Chair

Jun.-Prof. Dr. Kaan Celebi






Office hours:


Thüringer Weg 7, Room 307

+49 371 531-39172

+49 371 531-839172

by appointment via e-mail




2008 – 2014

Studies of economics (Justus Liebig University Giessen)


2014 – 2022

Lecturer at the Frankfurt University of Applied Sciences


2020  2021

2020 – 2023

Top 100 Young Economists (RePEc Ranking, worldwide, 5 years or less)

Non-Resident Research Fellow, European Institute for International Economic Relations,
University of Wuppertal


2021 –

Lecturer at the CBS International Business School Mainz


2022 –

Junior Professor for "International Economics, espacially Europe", Chemnitz University
of Technology



2008 – 2012

Bachelor of Arts in Economics, Justus Liebig University Giessen


2012 – 2014

Master of Arts in Economics, Justus Liebig University Giessen


2016 – 2020

PhD in economics (Dr. rer. oec.), University of Wuppertal

Research interests


General interests:

  • International economics
  • Financial economics
  • Applied econometrics
  • Environmental & sustainable economics


Specific interests:
  • Foreign direct investments (FDI) & sustainable economics
  • Climate change, capital markets and monetary policy
  • Inflation, unemployment & FDI
  • European economic convergence


  • Verein für Socialpolitik
  • European Economic Association
  • International Joseph A. Schumpeter Society
  • Western Economic Association International
  • American Society of Health Economists
  • Royal Economic Society
  • Scottish Economic Society



Peer-reviewed articles

  • “OECD countries’ twin long-run challenge: The impact of aging dynamics and increasing natural disasters on savings ratios” (with Tian Xiong and Paul J.J. Welfens), 2022, International Economics and Economic Policy, Vol. 19, pp. 741-759.
  • “Quo Vadis, Britain? – Implications of the Brexit process on the UK’s real economy”, 2021, International Economics and Economic Policy, Vol. 18, Issue 2, pp. 267-307.
    Best Paper Award Finalist at INFER 2020

  • “The Impact of Macroeconomic Factors on the German Stock Market: Evidence for the Crisis, Pre- and Post-Crisis Periods” (with Michaela Hönig), 2019, International Journal of Financial Studies, Vol. 7, Issue 2.
  • “The impact of Brexit news on British pound exchange rates” (with Arthur Korus), 2019, International Economics and Economic Policy, Vol. 16, Issue 1, pp. 161-192.
    Research Paper within the Deutsche Bundesbank-sponsored EIIW project: Institutional changes and economic dynamics of international capital markets in the context of BREXIT.


Recent discussion papers & research reports

  • “The impact of trade and FDI on EU convergence: evidence from an FDI-DSGE approach”, 2024 (with Werner Roeger) (forthcoming).
  • “Persistent US Current Account Deficit: The Role of Foreign Direct Investment”, (with Werner Roeger & Paul J.J. Welfens), 2024, DIW Discussion Papers, No. 2074, Deutsches Institut für Wirtschaftsforschung (DIW), Berlin.
    DIW Discussion Papers 2074
  • “Baumol’s Cost Disease in Acute vs. Long-term Care – Do the Differences Loom Large?” (with Jochen Hartwig and Anna Pauliina Sandqvist, 2024, Chemnitz Economic Papers No 62, Department of Economics, Chemnitz University of Technology.
  • “FDI and Sustainability: Empirical Findings and Policy Implications” (with Jens Perret & Tian Xiong), 2024 (forthcoming).
  • “The Regional Dynamics of Inward FDI in Ukraine” (with Jochen Hartwig and Serhiy Moroz), 2024 (forthcoming).
  •  “FDI Globalization and the New Phillips Curve: Role of Multinational Companies and Institutional Changes” (with Paul J.J. Welfens), 2021, EIIW Discussion Paper No. 301.
  • “The Stock Market and the Labor-Income Risk in the US: Empirical Findings and Policy Implications” (with Paul J.J. Welfens), 2021, EIIW Discussion Paper No. 291.
  • “The Economic Impact of Trump: Conclusions from an Impact Evaluation Analysis” (with Paul J.J. Welfens), 2020, EIIW Discussion Paper No. 281.
  • “CO2 Allowance Price Dynamics and Stock Markets in EU Countries: Empirical Findings and Global CO2-Perspectives” (with Paul J.J. Welfens), 2020, EIIW Discussion Paper No. 267.
    aper submitted for International Joseph A. Schumpeter Society Meeting, Rome 2021.
  • “The Impact of Macroeconomic Factors and Policy Events on the Financial and Real Economy”, 2020, Bergische Universität Wuppertal, Doctoral Thesis. https://doi.org/10.25926/QGEP-MD31
  • “ParkenDigital – Entwicklung von übertragbaren Erhebungsmethoden unter Berücksichtigung innovative Technologien zur Parkraumdatengenerierung und Digitalisierung des Parkraums” (with Petra Schäfer, Tobias Hagen, Katharina Lux and Marco Wolf), 2019, Final report of a research project funded by the mFUND of the Federal Ministry of Transport and Digital Infrastructure (BMVI) about data generation and digitization of parking space.

Conference & Workshop Presentations

  • 99th Annual Conference of the Western Economic Association, June 2024, Seattle, Washington, USA

  • 16. dggö Annual Conference 2024, March 2024, Halle (Saale), Germany

  • XVI. International Conference on Economics (EconWorld 2024), World Economic Reseach Institute, February 2024, Madrid, Spain

  • 18th Conference of the International Joseph A. Schumpeter Society, July 2021, Luiss University, Rome, Italy

  • International Conference on Economic Modeling and Data Science (ECOMOD 2021), July 2021 at the University of Milano-Bicocca, Italy

  • Royal Economic Society Symposium of Junior Researchers 2021, June 2021 at Queen’s University Belfast, UK

  • International Conference on European Studies (CefES2021), June 2021, University of Milano-Bicocca, Italy

  • Scottish Economic Society Annual Conference 2021, April 2021, Glasgow University, UK

  • 13th FIW Research Conference in International Economics, February 2021, Research Centre International Economics FIW, Vienna University of Economics and Business, Austria

  • 9th Workshop on Industrial and Public Economics (WIPE), Research Centre on Economics and Sustainability (ECO-SOS), February 2021 at the Universitat Rovira i Virgili, Reus, Spain

  • 34th EBES Conference Athens, January 2021, University of Piraeus, Athens, Greece

  • 22nd INFER Annual Conference, December 2020, Université Sorbonne Paris Nord, Paris, France (Best Paper Award Finalist with: “Quo Vadis, Britain? – Implications of the Brexit process on the UK’s real economy”)

  • XIV World Conference of the Spatial Econometrics Association 2020, November 2020, Jönköping University, Sweden (cancelled due to the Corona pandemic)

  • 8th International Conference on Business, Economics, Management and Marketing (ICBEMM), March 2019, University of Oxford, St Anne's College, Oxford, UK

  • 27th International Conference on Money, Banking and Finance, December 2018, LUISS University, Rome, Italy

  • 1st and 2nd EIIW/Bundesbank workshop: The Influence of Brexit on the EU28, March 2018 and October 2018, Wuppertal and Frankfurt am Main, Germany

  • 57th Southwestern Finance Association Annual Conference, March 2018, Albuquerque, NM, USA

  • 4th Research Symposium of the Faculty of Business and Law (Frankfurt UAS), May 2017, Frankfurt am Main, Germany 


Previous teaching activities