Ralf Kronberger

English Content

Curriculum Vitae


 

Tertiary Education


  1989-1996 Studies of International Economic Sciences (Master), University of Innsbruck
    Participation at Erasums-Exchange Programme with Sevilla/Spain and Leuven/Belgium
Dissertation submitted for a Diploma Diplomarbeit on contract for the Informatics Department of the Tyrolean Power Supplier (TIWAG)
  1995-1997 Studies of Political Sciences with Selected Courses, University of Innsbruck
    Pre-Diploma (equal to Bachelor) passed with Distinction
    Studies of International Economic Sciences (Ph.D.), University of Innsbruck
  1996 - 2001 Topic: Do the MERCOSUR Countries Form an Optimum Currency Area?
Research semester in Argentina and Uruguay (1997)

Passed with Distinction
 

Work Experience


  2/1998 - 3/1999 Siemens AG Österreich (Organization and Information), Vienna
    Main activities: Project Management (IT)
  6/1999 – 3/2000 Merrill Lynch International Bank Limited, Vienna
    Main activities: Project Management (Backoffice IT)
  from 4/2000 on Federal Austrian Economic Chamber, Vienna
    Financial, Fiscal and Trade Policy Department
Main activities: Fiscal Policy, GATS/WTO, Economic Research with Focus on Economic Policy
Since 07/2005 Head of Department Financial, Fiscal and Trade Policy
  from 2/2002 on University of Applied Sciences, Wiener Neustadt
    Part time lecturer for Economic Policy
  from 9/2003 on University of Applied Sciences (FH des bfi), Vienna
    Part time lecturer for Economic Policy
 

Internships


  8/1993 - 9/1993 Austrian Delegation of Commerce, Caracas
  3/1996 - 7/1996 European Commission/DG 1B External Relations/ Brussels
  7/1997 - 8/1997 Inter-American Development Bank/INTAL, Buenos Aires
 

Languages


    Reading Writing Verbals Skills
  English Excellent Excellent (Toefl 657/660) Excellent
  Spanish Excellent (3 semesters at Universities with Spanish Language)
Excellent Excellent
  French Excellent (DELF A1, A2, A3, Université Libre de Bruxelles - Niveau Supérieur) Good Fluent
  Polish Good Advanced Good

Publications


 

Publications in English


  Kronberger, R. (2002), A Cost-Benefit Analysis of a Monetary Union for Mercosur with particular emphasis on the Optimum Currency Area Theory, Integration & Trade N° 16, INTAL - Inter-American Development Bank, Buenos Aires

Potential costs and benefits of a monetary union for the four MERCOSUR countries Argentina, Brazil, Paraguay and Uruguay are compared.. Particular emphasis was put on the traditional and new approaches to optimum currency area theory which were reviewed and analyzed with respect to their validity for less developed economies. Based on these insights 6 theses have been developed and thereafter were tested empirically, as far as empirical material was available. Evidently MERCOSUR will not start negotiating a treaty on a MERCOSUR monetary union à la Maastricht tomorrow. The necessary institutional framework is de facto non-existent. Further the member countries have shown little willingness of monetary cooperation in the past. Nonetheless, the creation of a single MERCOSUR currency could serve as political lubricant for deepening integration. Such a deepening of the integration process could go hand in hand with sound and coordinated macroeconomic management which in turn could lead to more stability and increased credibility in the region.
   
  Mahlberg, B./Kronberger, R. (2002), Eastern Enlargement of the European Monetary Union Seen from an Optimal Currency Area Theory, in: Breuss, F./Fink, G./Griller, Economic and Monetary Union – Economic, Legal and Institutional Framework, Schriftenreihe des Institutes für Europafragen, Springer, Wien/New York

In this paper we have discussed whether the CEEC could be part of a European Optimal Currency Area (OCA) with the current member states of the European Union (EU). This would mean increased economic benefits from joining the European Monetary Union (EMU). Criteria derived from OCA theory can be used to determine whether a group of countries may benefit from forming a monetary union. One of the OCA criteria is the similarity of business cycles among the participating countries. Therefore this paper extracted business cycles for the CEEC from Gross Domestic Eastern Enlargement of the European Monetary Union 273 Product (GDP) and Industrial Production (IP) time series data and computed the respective cross correlation coefficients with that of the EU member states. The results have been interpreted in the light of the OCA-theory. 
   
  Kronberger, R. (2006), Some Insights on the Link between the Public Sector and Economic Growth and International Trade and Economic Growth in: Beer, C./ Janger, J./ Stiglbauer, A. (Hrsg.) Strategies for Employment and Growth, March 3, 2006, Proceedings of Workshop Nr. 10, Vienna.

This comment will focus on some public sector issues such as fiscal federal relations, budgeting procedures and taxes affecting the supply side. The link between trade and growth has not been mentioned at all. This link will be discussed shortly which will provide the basis for the identification of further necessary applied research in this field. 
 

Publications with English Abstract


  Kronberger, R./Wörz, J. (2004), Dienstleistungen: Export ist mehr als Warenverkehr, in: BMWA, Jahrbuch der österreichischen Außenwirtschaft 2003/2004

International Trade: Not Merely Goods But Services

Also Services have long been considered as being non-tradables, which seemed natural when defining them by two main characteristics: simultaneous production and consumption in the same place and intangibility. However, modern developments have overthrown this definition and nowadays services play an important role in the global economy. This resulted from three related developments: First, structural change in modern economies resulted in an increased demand for business related services. Second, technological progress - especially in the information and communication sector - led to a substantial increase in the scope for trade in services. Modern information and communication technologies do not only represent an important service category by themselves, they also support the exchange of other services by building up an appropriate infrastructure and facilitating transport services. Thirdly, national governments responded to these developments by de-regulating their national service sectors and liberalising trade in services. Growth in service trade has also been enabled by the conclusion of multilateral trade agreements, such as the GATS, and a growing body of bilateral agreements.
   
  Kronberger, R./Wörz, J. (2004), Die österreichische Außenwirtschaft mit den MOEL im Vorfeld der Erweiterung, Wirtschaftspolitische Blätter 1/04, Wirtschaftsverlag, Wien

A Snapshot of Austria’s Foreign Trade in the Forefront of EU Enlargement

With EU enlargement 4 Austrian neighbour countries will participate in the Single Market of the European Union. A significant share of Austria’s external trade will be converted into intra-EU trade. Already during the last years the trade structure with the acceding countries has shown some convergence with the trade structure with respect to the old member countries. The accession of the new members will bring about the elimination of tariff barriers in the agricultural and food sector and the elimination of non tariff barriers for all sectors of merchandise trade. The single market will also lead to further integration of the service sectors. A further increase in merchandise and services trade can be expected. Therefore, further potential for enhancing Austrian exports to the new member countries exists. The level of outward flows of foreign direct investment to the new member countries will probably be lower than in the recent past.
   
  Kronberger, R. (2003), Internationaler Dienstleistungshandel und temporäre Migration, Wirtschaftspolitische Blätter 4/03, Wirtschaftsverlag, Wien

Commentary: Globalisation and Labour Markets – Effects on Distribution and Employment - International Trade in Services and Temporary Migration

The mainstream on international trade and factor movements concentrates on trade in goods and permanent migration. The comment deals with trade in services and temporary migration. This trade form is also covered by the General Agreement on Trade in Services within the multilateral framework of WTO under mode 4. Accurate and concise economic models on mode 4 are not yet available, since – inter alia – markets are too segmented. Therefore, the policy advice of such models has to be interpreted cautiously. Politicians should focus on the closing of an adequate transitional regulation of the movement of persons between Austria and the new EU members before taking further steps of mode-4 liberalization.
   
  Kronberger, R. (2003), Zur Diskussion: Budgetpolitik und irtschaftswachstum, Wirtschaftspolitische Blätter 2/03, Wirtschaftsverlag, Wien

Budgetary Policy and Economic Growth

The discussion article covers topics like the Stability and Growth Pact (SGP), the optimal size of the public sector and fiscal consolidation. (1) The SGP has undergone considerable adjustment, overcoming many criticised drawbacks. A weakening of the SGP will lead to a further loss of credibility in the euro area. (2) A reduction of the size of the Austrian public sector has likely a positive effect on economic growth, although expenditure cuts need to be accompanied by structural reforms. (3) A certain level in public investments has to be maintained, even in periods of fiscal consolidation, since endogenous growth theory confirms a positive link between public investment and economic growth.
   
  Kronberger, R. (2002), Zur Diskussion: E-Money statt Bargeld – eine Utopie?, Wirtschaftspolitische Blätter 2/02, Wien

Will E-Money Replace Cash?


Currency substitution and e-money substitution do not compare exactly. Although the framework for analysis is similar a separate consideration of both phenomena is essential. Currently the demand for e-money is low. Two possible reasons are: The benefits of e-money over currency have not yet unfold due to technological reasons. The hysteresis of currency which cannot be fully explained so far hinders e-money demand.
   
  Kronberger, R. (2001), Finanzierung von Pensionssystemen, Wirtschaftpolitische Blätter 4/01, Wirtschaftsverlag, Wien

Financing of Pension Systems

This article discusses effects of the (partial) introduction of an investment-based pension system. The pros and cons, and possible macroeconomic effects as well as microeconomic effects, as for instance, the issue of administrative costs are presented. Benefits of the investment-based system which arise from an expected increased return have to be weighted against risk on return and transition cost. Transition costs may arise from undesired intergenerational distributional effects or from possibly increased administrative and regulatory cost.
   
  Kronberger, R. (2000), Zur Diskussion: Die New Economy, Emerging Markets und der Finanzplatz Österreich, Wirtschaftspolitische Blätter 4/00, Wirtschaftsverlag, Wien

The New Economy, Emerging Markets and the Austrian Financial Markets

Three broad topics, New Economy, Emerging markets, and the Austrian financial markets, are covered in the article. (1) Two relationships between the New Economy and the financial markets will be shown. First, information and communication technology will change the nature of financial services considerably. Second, it cannot be said whether the valuation of New Economy enterprises after the recent adjustments is now correct or not. (2) Recently frequent financial crises in the emerging markets were caused by imbalances in the fundamentals that were easily recognizable. However, it is more difficult to avoid future crises since their causes are often structural. (3) The Austrian financial markets will see a consolidation within its banking sector. Further, it is unclear whether the Vienna Stock exchange can develop its role as a regional financial center for the CEECs.


Last updated on 09 February 2005