SFB 373:  Quantification and Simulation of Economic Processes

• Subject Area: Social and Behavioural Sciences
• Term: from 1994 to 2003
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 5479123

One of the basic requirements to understanding economic processes is a strong relationship between empirically oriented data analysis and economic modelling. Economic theory provides ideas and measurable hypotheses, quantitative analysis is used to develop tools for empirical verification, and applied mathematics helps in theevaluation of the results and development of new methods.Many economic problems have already been extensively investigatedempirically under constant conditions. On the other hand, it isrelatively little known about the mechanisms for changing economicstructures. The study of economic processes over time necessitates being both specific and planning long-term models. Therefore, more and more simulated and artificial economic situations which can be experimentally checked, are needed. Using computers we can use methods such as bootstrapping to gain more precise information on current economic dynamics or to simulate future economic situations. Mathematical methods help to bridge the gap to real economic situations. The main aim of the collaborative research centre is to investigate the dynamics of economic processes in connection with economic theory development using a quantitative-empirical approach.

• DFG Programme: Collaborative Research Centres
• International Connection: Italy

Completed projects

• A1 - Semiparametrische Modelle (Project Head Härdle, Wolfgang Karl )
• A2 - Nichtparametrische Zeitreihenanalyse (Project Heads Herwartz, Helmut ;  Lütkepohl, Helmut )
• A3 - Wissenschaftliches Rechnen in globalen Netzen (Eine Methodenbank zur interoperablen Modellierung ökonomischer Prozesse (Project Head Günther, Ph.D., Oliver )
• A4 - Marketing-Mix-Modelle und die Analyse von Wettbewerbsbeziehungen (Project Head Hildebrandt, Lutz )
• B1 - Kurvenschätzung und Resampling (Project Head Spokoinyi, Vladimir )
• B2 - Statistik stochastischer Prozesse und Zinsstrukturen (Project Head Küchler, Uwe )
• B3 - Nichtlineare Modelle und Verfahren (Project Head Läuter, Henning )
• B4 - Stochastische Analysis von Derivaten (Project Heads Föllmer, Hans ;  Imkeller, Peter )
• C1 - Wertpapierrenditen (Project Head Stehle, Richard )
• C2 - Wandel und Zyklus auf dem Arbeitsmarkt (Project Head Burda, Ph.D., Michael Christopher )
• C3 - Stabilität der Geldnachfrage (Project Heads Lütkepohl, Helmut ;  Wolters, Jürgen )
• C4 - Dynamik des Wettbewerbs (Project Heads Schwalbach, Joachim ;  Wolfstetter, Elmar )
• C5 - Experimentelle Untersuchungen ökonomischer, interaktiver und kognitiver Prozesse (Project Head Güth, Werner )
• C6 - Quantitative, dynamische Modelle der Makroökonomie (Project Head Uhlig, Harald )
• Z - Zentrales Verwaltungsprojekt (Project Head Härdle, Wolfgang Karl )

• Applicant Institution: Humboldt-Universität zu Berlin
• Spokesperson: Professor Dr. Wolfgang Karl Härdle