ERC honors Christian Bayer for the second time
Christian Bayer, who is a member of the Institute for Macroeconomics and Econometrics and the excellence cluster Hausdorff Center for Mathematics, will receive 1.3 million euros for his research project "Income Risks, Asset Liquidity, and Inequality (LiquidHouseCycle) in the coming five years.
With this grant, the European Research Council (ERC) has already awarded him for the second time. In 2011, Christian Bayer received an ERC Starting Grant, and this year one of the coveted ERC Consolidator Grants. Through this funding, he can now concentrate on his research and on the question of how portfolio decisions of individual households interact with the overall economy. "My work will also help to clarify the question of who is benefiting from the current low interest rates of the European Central Bank, who is losing, who will be better off with alternative fiscal stabilization, such as low taxes or higher government spending, and who will perhaps even see the crisis as a profit," says Bayer.