I just returned to London after 3 1/2 weeks in London. And what a return it was. I finally passed all the exams needed and I can now focus fully on my Phd. That was about the good news!
Of course, London greeted me with a Sunny morning but it would end up hitting me hard with rain later that day. And that was after bad news from our advisors and supervisors that our work ok Kiva is most likely in vain as we would never really get it published in a really good journal.
So we will see, the other projects are still up and running, but I need to get an idea for a joan Market paper sometime soon. I am down for 2013/2014 as the prospective year. Just two more years to go, exciting but a bit scary as well.
[singlepic id=689 w=320 h=240 float=left] Right after the trip along the Donau from Ulm to Vienna with Franziska, I stayed home just for a couple days, just to leave Ulm again with London as Destination. While we were on our trip to Vienna, we got the results for our LSE M.Sc. Economics Examinations. I am happy it worked out to be a Distinction for me – the PhD may come next.
The LSE graduation ceremony was quite fun – it was good to see many of the people again, knowing that some of them, we may never see again. That I guess is also LSE – the most international Universities (there are students registered at LSE from more nations than are members of the United Nations).
Continue reading Graduation and Goodbyes
I think I somewhat understood now finally theargument, how the speed of convergence in a simple Solow model is increased by access to world capital markets, if we are in a small, open-economy setup. Capital markets can be considered to be the “grease” for economies. They link savers to investors and create in a setup with risk-aversion a value-added due to their risk pooling abilities. In a simple Solow model, we can see how capital markets increase the speed of convergence.
Continue reading Speed of Convergence and Capital markets
Essentially, a fundamental result of Solow is that “history does not matter“; furthermore, it also suggests that “inequality does not matter“. The Solow model predicts convergence in levels of capital stock per capita and also in GDP per capita with no long-run growth (all growth is exogeneous, e.g. due to technological progress etc.).
Continue reading History does not matter in Solow Models
So….in ein paar Wochen geht es nach London. Ich wurde nun schon öfters in Magdeburg gefragt, wie ich es mit der Bewerbung an der LSE angestellt hatte. Nun, ich habe mich nicht nur an der London School of Economis (LSE) sondern auch an der Warwick University, der University of Edinburgh und dem University College in London beworben. Dazu habe ich mich noch für ein Jahresstipendium des DAAD’s für Graduierte beworben. Um noch eine weitere Option außerhalb Englands zu haben, habe ich mich noch für das M.Phil. Programm in Economics am Tinbergen Institute in Amsterdam / Rotterdam beworben. Zudem hatte ich noch eine Bewerbung für die Uni Utrecht, sowie die Uni St. Gallen vorbereitet. Continue reading Bewerbung für den M.Sc. Economics an der LSE