Chair of Macroeconomics

and International Economics

About us

In 1993, the Chair of Macroeconomics and International Economics was founded with Professor Dr. Michael Frenkel as Chairholder. Under his direction, the Chair’s focus is not only research, but also the integration of such research into the economic education at WHU. These research areas include International Financial Markets, Macroeconomics of Open Economies, European Integration, and Development Economics. In 2004, the Center for EUropean Studies (CEUS) was founded at WHU, with the aim to expand the academic activity in the field of European Integration.

Our team

Professor Dr. Michael Frenkel

+49 (0)261 6509 280

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Dörthe Barlach

Personal Assistant
+49 (0)261 6509 456

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Maximilian Ambros

Research Assistant
+49 (0)261 6509 282

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Leoni Mendler

Research Assistant
+49 (0)261 6509 283

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Tuyet Ngo

Research Assistant
+49 (0)261 6509 286

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Haiko Stefan

External Doctoral Student

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Daniel Bembennek

External Doctoral Student

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Franziska Collingro

External Docotral Student

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An economic education at WHU –
Our teaching and courses.

The Chair of Macroeconomics and International Economics offers courses within the different study programs offered at WHU: the Bachelor of Science Program, the Master of Science Program, the MBA Program, the Kellogg-WHU Executive MBA Program, and courses in the fields of the Doctoral Program. The language of instruction is mostly English.

Professor Dr. Michael Frenkel, adjunct professors and doctoral students teach these lectures. Generally, individual courses are concluded with written examinations, and case studies may be examined or essays produced.

The Chair is happy to supervise internship projects and theses alongside its normal teaching activities.

Bachelor and Master Theses

You can receive information regarding the placing of Bachelor or Master Theses from Franziska Collingro  or Maximilian Ambros.


Our publications –
Articles, books, and contributions.

Professor Dr. Michael Frenkel has more than 100 publications in the fields of macroeconomics and international finance. He is co-author of German textbooks on growth theory and national income accounting. He is published in a number of international journals and has contributed to numerous books as both editor and author. He serves on the editorial board of the Global Finance Journal and the International Journal of Business.

Research papers of the Economics Group are available at our Working Paper Series.

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Our Alumni

Beyond academic studies –
Our alumni from the field.

Following their studies at WHU, our alumni often take high-level, high-impact roles within international organizations and corporations. Find out more about our alumni, along with their dissertation titles during their time at WHU:

Name Current Position Dissertation Title
Dr. Stefan Bergheim Center for Social Progress, Frankfurt Long-run growth forecasting
Dr. Dirk Bleich Deutsche Bundesbank, Frankfurt Monetary Policy Rules: Empirical Applications based on Survey Data
Dr. Frank Engels Union Investment, Frankfurt Newer anti-inflationary theories and relevance for Latin America
Professor Dr. Ralf Fendel WHU - Otto Beisheim School of Management, Vallendar The development of the international per capita income distribution -Theoretical explanations and their empirical relevance
Dr. Katja Funke International Monetary Fund, Washington Balance of Payments Issues in Central and Eastern European Countries Run-Up to Euro Area Accession
Professor Dr. Wolf-Heimo Grieben Martin-Luther-Universität Halle-Wittenberg, Halle Trade and Technology as Competing Explanations for Rising Inequality An Endogenous Growth Perspective
Dr. Jin-Kyu Jung Wirtschaftsministerium, Berlin On Recent Advances in Economic Forecasting Topics
Dr. Christian Kopp Ganske Verlagsgruppe GmbH, Hamburg Zur Bedeutung der internationalen Kapitalmobilität in neoklassischen und endogenen Wachstumsmodellen
Dr. Isabell Koske OECD, Paris Equilibrium Exchange Rates Models, the Euro and the 2004 Expansion of the EU
Dr. Eliza Lis European Central Bank, Frankfurt Testing Traditional Macroeconomic Building Blocks and New Dimensions in Fiscal Policy
Dr. Matthias Mauch Gerandu GmbH, Berlin Forecasting Behavior in foreign Exchange Markets
Dr. Holger Michaelis Kapitalbilanzliberalisierung in der Volksrepublik China und ihre Einbettung in den volkswirtschaftlichen Reformprozess GIC Special Investments Pte Ltd, Singapore
Dr. Christiane Nickel European Central Bank, Frankfurt Insider und Outsider bei der Osterweiterung der Europäischen Währungsunion
Dr. Karin Radeck Deutsche Bundesbank, Frankfurt Wechselkurszielzonen und Geldpolitik Voraussetzungen für die Tragfähigkeit eines Zielzonensystems
Professor Dr. Jan-Christoph Rülke EBS Universität, Oestrich-Winkel Expectations in Financial Markets - A Survey Data Approach
Dr. Günter Schmidt   Die nichtlinearen endogenen Konjunkturmodelle von Goodwin und Kaldor: Darstellung, Erweiterungen und empirische Relevanz
Dr. Marco Semmelmann Bundesministerium der Finanzen, Berlin Economic Aspects of European Union Trade Policy
Professor Dr. Georg Stadtmann Europa-Universität Viadrina, Frankfurt/Oder Noise-Trader auf Devisenmärkten Viel Lärm um Nichts?
Dr. Yiqiao Sun   Essays in Empirical Macroeconomics
Dr. Christoph Swonke DZ Bank, Frankfurt The New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment
Dr. Andreas Tudyka International Monetary Fund, Washington Accounting for Time-Varying and Nonlinear Relationships in Macroeconometric Models
Dr. Benedikt Walter Wirtschaftsministerium, Bonn The Effects of International Investment Agreements on Foreign Direct Investment
Dr. Torsten Wezel International Monetary Fund, Washington Determinants of Foreign Direct Investment in Emerging Markets - An Empirical Study of Outward FDI Flows of Germany and its Banking Sector
Professor Dr. Lilli Zimmermann Hochschule der Deutschen Bundesbank, Hachenburg Trade Determinants and Current Account Forecasts
Get in touch

Get in touch with us –
We look forward to hearing from you.

Professor Dr. Michael Frenkel


+49 (0)261 6509 280


Dörthe Barlach

Personal Assistant
+49 (0)261 6509 456