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Prof. Dr. Michael Graff

Professor of Development Economics
School of Humanities & Social Sciences - SHSS
Mailing Address:

Campus Ring 1
28759 Bremen

Telephone: +49 421 200-3461
Fax: +49 421 200-3303
Office: Research IV, Room 62
Research Interests:
  • Economic growth and development
  • Institutions and economic performance
  • The international economy
  • Applied business cycle analysis and forecasting
University Education:
  • Habilitation in Economics, Dresden University of Technology, 2000
  • PhD in Economics, Hamburg University, 1994
  • MA in Sociology, Hamburg University, 1989
Research and Teaching Positions:
  • Head of Division Business Cycle Research, KOF Swiss Economic Institute, ETH Zurich, Switzerland, since 2007.
  • Senior Lecturer in Economics, University of Queensland, Australia, 2005-2007
  • Economic Adviser, Reserve Bank of New Zealand, Wellington, 2003-2004.
  • Senior Economist and Lecturer in Economics at the Institute for Business Cycle Research (KOF), ETH Zurich, Switzerland, 2001-2005.
Other Professional Activities:
Editorial functions for academic journals
  • Editorial Board Member, Journal of Pro Poor Growth (since January 2013)
  • Editor-in-Chief, Journal of Business Cycle Measurement and Analysis (since January 2008)
Referee for academic journals
  • Asia Pacific Education Review
  • Berkeley Electronic Journals in Macroeconomics
  • CESifo Economic Studies
  • Economic Change and Restructuring
  • Economic Development and Cultural Change
  • Economic Inquiry
  • Emerging Markets Finance & Trade
  • Empirical Economics
  • Journal of Banking and Finance
  • Journal of Business Cycle Measurement and Analysis
  • Journal of Economic Growth
  • Journal of Pro Poor Growth
  • Malaysian Journal of Economic Studies
  • Review of International Economics
  • Review of International Organizations
  • South African Journal of Economics
  • Southern Economic Journal
Committee memberships
  • Member of Judging Committee, Issac Kerstenetzky Award (€4000) for best papers in "Business Cy-cle Measurement and Analysis" at CIRET Conference Vienna 2012.
  • Head of Judging Committee, Issac Kerstenetzky Award (€4000) for best papers in "Business Cycle Measurement and Analysis" at CIRET Conference New York 2010.
  • Member of Judging Committee, Issac Kerstenetzky Award (€4000) for best papers in "Business Cy-cle Measurement and Analysis" at CIRET Conference Santiago de Chile 2008.
  • Research Committee on the Economics of Education, German Economic Association
    (since 04/2003).
  • Research Committee on Developing Countries, German Economic Association (since 07/2003).
  • Monetary Policy Committee, Reserve Bank of New Zealand (08/2003–07/2004).
Funded Projects:
Recent funded projects
  • 10/2010–09/2013: Die Schweizerische Lohnentwicklung in langfristiger Perspektive (The evolution of Swiss wages in long term perspective), Swiss National Science Foundation.
  • 07/2009–07/2010: Central Bank of Peru: Computing Economic Indicators.
  • 09/2009–04/2010: Besondere Aspekte der Lohnentwicklung im Bereich der Haushaltsarbeit in der Schweiz (Aspects of the growth of wages for demostic services in Switzerland), Axa Winterthur Versicherungen.
M. Graff, A. G. Kenwood and A. L. Lougheed (2013), Growth of the International Economy, 1820-2015, 5th revised edition, Routledge, London.
M. Graff (2000), Finanzielle Entwicklung und reales Wirtschaftswachstum, Mohr Siebeck, Tübingen (381 pages).
M. Graff (1995), Bildung und technischer Fortschritt als Determinanten wirtschaftlicher Entwicklung. Eine theoretische und empirische Untersuchung, Physica-Verlag, Heidelberg (231 pages).
Papers for refereed academic journals
M. Graff (2013), Legal Origin and Financial Development: New Evidence for Old Claims? The Creditor Index Revisited, in: International Journal of Trade and Global Markets, Vol. 6, No. 4, pp. 326-344.
M. Graff, K. K. Tang and J. Zhang (2012), Does Demographic Change Affect the Current Account? A Reconsideration, in: Global Economy Journal, Vol. 12, Issue 4, Article 4, DOI: 10.1515/1524-5861.1885.
M. Graff and J.-E. Sturm (2012), The Information Content of Capacity Utilisation Rates for Output Gap Estimates, in: CESifo Economic Studies, Vol. 58, No. 1, pp. 220-251.
A. Frick, M. Graff, J. Hartwig and B. Siliverstovs (2012), Are There Free Rides out of a Recession? The Case of Switzerland, in: International Review of Applied Economics, Vol. 26, No. 1, pp. 27-45.
M. Graff (2010), Does a Multi-sectoral Design Improve Indicator-based Forecasts of the GDP Growth Rate? Evidence from Switzerland, in: Applied Economics, Vol. 42, No. 21, pp. 2579-2781.
M. Graff (2008), Law and Finance: Common-law and Civil-law Countries Compared. An Empirical Critique, in: Economica, Vol. 75, pp. 60-83.
M. Graff (2006), Ein multisektoraler Sammelindikator für die Schweizer Konjunktur, in: Swiss Journal of Economics and Statistics, Vol. 142, No. 4, pp. 529-577.
M. Graff (2006), Internationale Konjunkturverbunde, in: Journal of Economics and Statistics, Vol. 226, No. 4, pp. 385-517.
M. Graff (2006), Myths and Truths: The "Law and Finance" Theory Revisited, in: Review of Economics, Vol. 57. No. 1, pp. 51-76.
M. Graff and A. Karmann (2006), What Determines the Finance-Growth Nexus? Empirical Evidence for Threshold Models, in: Journal of Economics, Vol. 87, No. 2, pp. 127-157.
M. Graff and C. Müller (2006), Die Quantitätstheorie des Geldes vom Mittelalter bis zur Gegenwart, in: Schmollers Jahrbuch (Journal of Applied Social Science Studies), Vol. 126, No. 4, pp. 565-603.
M. Graff (2005), Socio-Economic Factors and the Finance-Growth Nexus, in: European Journal of Finance, Vol. 11, No. 3, pp. 183-205.
Y. Abrahamsen, R. Aeppli, E. Atukeren, M. Graff, C. Müller and B. Schips (2005), The Swiss Disease: Facts and Artefacts. A Reply to Kehoe and Prescott, in: Review of Economic Dynamics, Vol. 8, No. 3, pp. 749-758.
M. Graff and R. Etter (2004), Coincident and Leading Indicators of Manufacturing Industry: Sales, Production, Orders and Inventories in Switzerland, in: Journal of Business Cycle Measurement and Analysis, Vol. 1, No. 1, pp. 109-131.
M. Graff (2003), Financial Development and Economic Growth in Corporatist and Liberal Market Economies, in: Emerging Markets Finance & Trade, Vol. 39, No. 2, pp. 47-69.
R. Etter and M. Graff (2003), Estimating and Forecasting Production and Orders in Manufacturing Industry from Business Survey Data: Evidence from Switzerland, 1990-2003, in: Swiss Journal of Economics and Statistics, Vol. 139, No. 4, pp. 507-553.
M. Graff (2002), Causal Links between Financial Activity and Economic Growth: Empirical Evidence from a Cross-Country Analysis, 1970-1990, in: Bulletin of Economic Research, Vol. 54, No. 2, pp. 119-133.
M. Graff (2001), Financial Activity and Economic Growth - New Data and Empirical Evidence, in: METU Studies in Development, Vol. 28, No. 1-2, pp. 83-110.
T. Plümper and M. Graff (2001), Export Specialization and Economic Growth, in: Review of International Political Economy Vol. 8, No. 4, pp. 661-688.
M. Graff (1999), Educational Imbalance, Socio-Economic Inequality, Political Freedom, and Economic Development, in: Journal of Economic Development, Vol. 24, No. 2, pp. 1-18.
M. Graff (1998), Meinungen von Studenten der Wirtschaftswissenschaften zur Europäischen Währungsunion - Ergebnisse einer Dresdner Befragung, in: Kredit und Kapital, Beihefte, Vol. 14, pp. 411-426.
M. Graff (1996), Zur Bedeutung der Bildung im Prozeß der wirtschaftlichen Entwicklung, in: Kölner Zeitschrift für Sozio-logie und Sozialpsychologie, Vol. 48, pp. 274-295.