Welcome to the Chair of Macroeconomics
Subject and Research Objectives
Macroeconomics is concerned with topics of aggregate economies like unemployment, inflation, inequality, business cycles, growth and development, as well as their causes and consequences. Research and teaching at the chair of macroeconomics at Chemnitz University of Technology particularly focuses on the role of public institutions, like fiscal and monetary policy, as well as private consumption and investment decisions on employment, distribution, growth and sustainability.
News
04.12.2025 - Visiting Professorship of Sebastian Gechert at University of Salerno
| During his visiting professorship at the Department of Economics and Statistics (DISES) of the University of Salerno in fall 2025, Prof. Sebastian Gechert actively contributed to the department?s research environment and academic exchange. He presented his recent work on public finances, offered insightful feedback in seminars, and engaged with faculty and students alike. A highlight of his stay was his participation in the international workshop Macroeconometrics in Salerno, where his presentation on the effects of monetary policy sparked lively discussion among renowned scholars. Prof. Gechert also delivered a full-day PhD course on meta-analysis, giving young researchers hands-on methodological tools and introducing them to cutting-edge developments in the field. Beyond teaching and workshops, he took time to meet individually with doctoral students and early-career researchers, providing constructive advice on their projects. His stay culminated in fruitful meetings exploring future collaborations between DISES and Chemnitz University of Technology, laying the groundwork for a strengthened academic partnership in the years ahead. |  |
photo: Sebastian Gechert
01.12.2025 - Teaching award for Dr. Bianka Mey
On November 27, 2025, TUC presented several awards in recognition of outstanding achievements in the fields of study, teaching, research, and transfer, as well as social engagement.
Dr. Bianka Mey was awarded this year's teaching prize for young academics.
photo: Steve Conrad
27.11.2025 - SaxFDM Open Data Award
First place in the Open Data Award for meta-study on monetary policy (research project "MORPEP - Monetary Policy and Energy Prices")
Dr. Franz Prante, Prof. Gechert, and their international colleagues were jointly awarded first place in the SaxFDM Open Data Awards 2025. The jury praised the exemplary implementation of open science practices and FAIR principles. Particular mention was made of the meticulous documentation of the process, which can serve as a guide for other research groups conducting their own meta-analyses in accordance with open science standards. The study examines the effects of monetary policy on prices, economic activity, and employment.
Laudatory speech by the jury
First place in this year's Open Data Awards goes to the submission "META-CMP: meta study on the macroeconomic effects of conventional monetary policy" by Franz Prante and Sebastian Gechert from Chemnitz University of Technology, Matthias Enzinger and Philipp Heimberger from the Vienna Institute for International Economic Studies, and Daniel Romero from the Autonomous University of Madrid. In their comprehensive meta-analysis, the team examines the impact of conventional monetary policy on prices, economic activity, and employment. This study is exemplary in its implementation of open science practices and FAIR principles. In addition to the consistent use of persistent identifiers, open file formats, and open licenses, the entire procedure and every version of the data set and R scripts were made available and linked to each other via freely accessible repositories. The data and metadata are thus highly discoverable, accessible, and traceable. However, the core of this submission is the meticulous documentation of the procedure in GitHub. In addition to describing the working group's approach, the documentation also provides information to other research groups and clarifies processes or terms that may be unfamiliar to newcomers to the field of meta-analysis. With the help of the documentation and additional openly accessible learning materials, the working group provides background knowledge, instructions, tools, and best practice solutions to enable others to conduct meta-analyses themselves in accordance with open science standards. The entire process is relevant to many disciplines and can be easily adapted. This makes it incredibly easy to reuse! The project has rightly attracted the attention not only of the European Central Bank, but also of ours, and is our deserving winner of the Open Data Award. Congratulations!
18.11.2025 - Keynes Spring School 2026, March 10?11, 2026 | University of Duisburg-Essen
We would like to draw your attention to the following event at the University of Duisburg-Essen:
What's it about? John Maynard Keynes is considered the most important economist of the 20th century. Among other things, he examined the causes of unemployment in a monetary economy, traced the ?animal instincts? of entrepreneurs, designed a global economic order for the post-war period, and predicted a coming ?age of leisure and abundance.? In the 1970s, the saying went: ?We are all Keynesians now.? This was followed by a phase in which Keynes was considered outdated. But his theories are anything but outdated. They are also extremely relevant to our times. At least, that is what we at the Institute for Socioeconomics (ifso) believe. That is why we are organizing a Spring School on March 10 and 11, 2026, where we want to explore Keynes' central ideas in depth. This Spring School is primarily aimed at students in economics-related degree programs at the beginning of their university careers who have heard of Keynes and want to deepen their knowledge before taking the next step in their education.
17.11.2025 - Call for applications: 10th International FMM Summer School on Keynesian Macroeconomics and European Economic Policies, 24 to 29 August 2026, Berlin (Germany)
We would like to draw your attention to the next FMM Summer School organized by the Hans Böckler Foundation./p>
25.06.05.2025 - Review 29th FMM Conference
This year we were once again well positioned with our Master Economics delegation for the 29th FMM Conference in Berlin. We are very proud that we had our students with us and were able to all engage in an exciting exchange on “Gendering Macroeconomics”.
25.06.05.2025 - In the economy - The podcast about diversity in economics - ...and how fiscal policy can lead to economic growth (Interview with Prof. Gechert)
On 28.05.2025 Prof. Gechert was a guest on the podcast - In der Wirtschaft and was interviewed by Rudolf Faininger and Felix Roll. They talked about the effects of various fiscal policy measures and discussed whether it makes more sense for the state to cut taxes or invest more in the current situation. They also discussed the growth effects that greater redistribution can have and why investments in upgrading are less beneficial. Prof. Gechert also explained what is behind the idea of meta-analyses.
Listen in!
12.05.2025 - The Finnish equivalent of ARD (Yle) in an interview with Prof. Gechert - Prof. Gechert doubts high self-financing effects of corporate tax cuts
The Gechert and Heimberger (2022) study was cited in a memo from the Finnish Ministry of Finance to prove that a planned corporate tax cut would bring major growth and thus be largely self-financing. However, the memo quotes the uncorrected value in the study. If one takes the central result of the study, then the growth effects of corporate tax cuts are not noticeably different from zero. The self-financing effects would then also be correspondingly small.
30.04.2025 - Interview with the Finnish daily newspaper Kauppalehti - Prof. Gechert
Prof. Gechert was interviewed by the Finnish business newspaper Kauppalehti on the growth effects of the planned corporate tax cut in Finland. His conclusion based on his overview study on the subject: The growth hopes associated with the tax cut are overestimated. The funds would probably be better invested in targeted investment incentives for companies or education spending.
06.03.2025 - Guest lecture by Prof. Gechert on 12.03.2025, 11.00 a.m.
Prof. Gechert will give a guest lecture on "GERMAN TAX SYSTEM:STRUCTURE, REVENUES AND DISTRIBUTION" on 12.03.2025, 11.00 a.m., as part of the Chemnitz - Lviv Learning Bridge
The guest lecture will take place digitally. All further information can be found on the flyer.
10.02.2025 - Finland Veroareena Tax Conference on 07.02.2025 - Lecture Prof. Gechert
Prof. Gechert gave a presentation on the relationship between taxation and growth at the conference in Helsinki.
Here you can find the link to his lecture.
Here you can find the link to all lectures.
Further information on the conference can be found under the following link Tax Konferenz.
18.10.2024 - Blog post by Prof. Gechert
Blog post by Prof. Dr. Sebastian Gechert in “MAKRONOM” based on his recently published article “Debt Sustainability Analysis in Reformed EU Fiscal Rules The Effect of Fiscal Consolidation on Growth and Public Debt Ratios” in the journal Intereconomics
Article Intereconomics - Review of European Economic Policy
06.02.2024 - Podcast "The Day"; - Topic: Corporate taxation in Germany
Prof. Sebastian Gechert speaks on the topic: Corporate taxation in Germany. The article starts at minute 14:55.
15.01.2024 - What is the distribution of wealth in Germany?
In the science podcast "TUCscicast" Sebastian Gechert, Professor of Economics and Macroeconomics at Chemnitz University of Technology, and Christian Neuhäuser, Professor of Political Philosophy at Dortmund University of Technology, talk about various aspects relating to the topic of wealth
Press release from December 14, 2023
