KIT - Institute for Macroeconomics - Startseite
Institute for Macroeconomics
Prof. Dr.
Johannes
Brumm
Institute of Economics (ECON)
nach Vereinbarung per E-Mail
CS
johannes brumm
does-not-exist.
kit edu
johannesbrumm.com
CV
Welcome to the Chair of Macroeconomics
Courses SS 2026
Economics II: Macroeconomics
(BA)
Computational Macroeconomics
(BA)
The Digital Economy: Micro and Macro Perspective
(BA)
Seminar in Macroeconomics: Inheritance and Wealth Inequality
(BA/MA)
Seminar in Macroeconomics: Inheritance and Wealth Inequality
Do households save more in order to be able to leave bequests to their children? Do bequests matter for the wealth distribution? How should we optimally tax insurances? These and further questions we will focus on in our next seminar (BSc/ MSc).
Registration open until March 20 (Wiwi Portal)
Christopher Schang
Christopher Schang joins the team
We welcome Christopher Schang (Ph.D. in Economics, European University Institute) who joins our team as a postdoctoral researcher. Christopher's thesis in the field of quantitative macroeconomics focuses on demographic change, alongside monetary, fiscal, and macroprudential policy.
Courses WS 2024/25
Macroeconomic Theory (BA)
Dynamic Macroeconomics (MA)
Seminar in Macroeconomics I (BA/ MA): Healthy Economy? Health Inequality and Insurance Policy
iStock.com/Spotmatik
Seminar in Macroeconomics: Healthy Economy? Health Inequality and Insurance Policy
In the seminar, we will explore the economic dimensions of health, focusing on three key aspects: (1) Conceptualizing and measuring health, (2) the relationship between health heterogeneity and economic outcomes like income and wealth, and (3) the role of (public) health insurance and policy.
Register until Oct 12 (Wiwi Portal)
Conference on Machine Learning for Economics and Finance
Two of us presented at the "Deep Learning for Dynamic Stochastic Models Conference 2025": Johannes Brumm, with the keynote address, "Tensor-Train Decomposition for High-Dimensional Economic Models", and Lukas Frank ("Mastering Stochastic OLG Models in Continuous Time").
Conference Program
Macromaniacs at the 11th KIT Championship
At the 11th KIT Championship on July 5, 2025 (upper photo), the "Macromaniacs" improved their 4x10km team time from 2023 (lower photo) by 8 minutes, finishing in 3:09:21. In 2026, we're aiming to break the 3-hour mark!
stuttgarter-zeitung.de
Seminar in Macroeconomics: Climate Policy - Who Gains and Who Loses?
In this seminar, we will employ macroeconomic models to evaluate and compare some of the most common political approaches to mitigate and adapt to climate change. In particular, we focus on the effects of carbon taxation and the use of the resulting tax revenue.
Publication in AEJ: Macroeconomics
The Paper "When Interest Rates Go Low, Should Public Debt go High?" by Johannes Brumm and co-authors was published in the American Economic Journal: Macroeconomics in October, 2024.
Link to Paper
Prof. Brumm at ECB/IMF Conference
Prof. Brumm discussed the paper "Taxing Sudden Capital Income Surges" by Wei Cui and Jianjun Miao at the conference
Global Challenges and Channels for Fiscal and Monetary Policy
hosted by the ECB and the IMF in July 2024.
Videos of all talks and discussions
First KIT Quant Macro Day
On July 20th 2024, the Chair of Macroeconomics is hosting the first KIT Quant Macro Day! We will cover topics in the range of Heterogeneous Agent Models, Quantitative Modeling in Labor Economics and Deep Learning in Economics at the TRIANGLE SPACE (
Schedule
).
tagesschau.de article on federal budget and intergenerational fairness
The article discusses the current federal budget from the perspective of intergenerational fairness, with contributions from Prof. Brumm and three members of the Bundestag. (Article in German only)
tagesschau.de article 11-22-2022
Radio interview on public debt and debt brake
In this interview, Johannes Brumm answers questions regarding government debt, the debt break and the current special assets of the German Federal Government. Additionally, he outlines concepts for a fiscal policy that takes all future generations into account. (Interview in German only)
Interview egoFM Reflex 10-28-2022
ERC Starting Grant awarded
Johannes Brumm receives a European Research Council (ERC) Starting Grant. The project advances solution methods for high-dimensional stochastic overlapping generations (SOLG) models to address applications related to public debt and pension reform.
The project
SOLG for Policy
will be funded for five years with a total amount of about 1.5 million Euro. We are happy that our team will grow and that we will be able to address questions of high relevance for society.
KIT Press Release (German)