Worldwide research highlight: Michael Weber receives Humboldt professorship!

Worldwide research highlight: Michael Weber receives Humboldt professorship!

The Alexander von Humboldt Foundation has announced that Michael Weber, a leading economist at the University of Chicago Booth School of Business, was awarded the first Humboldt professorship for a business school. This professorship is one of the highest awards in Germany for top international researchers and is endowed with up to 5 million euros. Jörg Rocholl, President of the ESMT, emphasizes that Weber's appointment strengthens research in business and politics and that ESMT will position as a center for evidence -based knowledge in Europe. ESMT Berlin reports that the Humboldt professorship is awarded to up to ten international researchers from all disciplines every year, long-term, effective, effective To promote research at German universities.

Weber is known for his innovative research, which combines behavioral economics with macroeconomic theory. His work examines how inflation expectations influence consumer behavior, savings decisions and trust in economic institutions. A central result of his research is that the clear and accessible communication of central banks can significantly increase their credibility and effectiveness. As part of his professorship, Weber plans to found the European Expectation Center on the ESMT, which will deal with the development of inflation expectations in households and companies. The book by Tobias Rötheli On the behavioral economy underpins this topic and suggests that expectations can be better explained by human pattern recognition.

The context of the Humboldt professorship

The Humboldt professorship is financed by the Federal Ministry of Research, Technology and Space Travel and awarded by the Alexander von Humboldt Foundation. The purpose of this award is to bring the world's leading scientists to Germany. The nominations can be carried out at any time through universities in Germany, with special criteria for the scientific quality of the nominees and the persuasiveness of the concept for integrating into the strategic goals of the institutions. The Humboldt Foundation also describes the importance of full support from the university management, which is crucial for the success of the nominations.

Weber's planned foundation of the European Expectation Center underlines the relevance of his research by performing a global annual survey and publishing academic and politics -oriented work. This initiative makes a bridge between research and practice that is important for political decision -makers and companies. In the coming months, scientists and students can expect the long -term effects and new knowledge that Weber and his team will produce with their work.