Proaño, Christian

Christian Proaño
Doctorate in Economics (Dr. rer. pol) 2008, Bielefeld University, Germany
Assistant Professor of Economics

Concentration: Applied Macroeconometrics, Monetary Policy and International Finance
Courses Taught:
Advanced Econometrics II
Recent Publications:
Articles in Peer-Reviewed Journals:
Proaño, C.R., Flaschel, P., Krolzig, H.M. & Diallo, M.B. (2010), Monetary Policy and Macroeconomic Stability under Alternative Demand Regimes, Cambridge Journal of Economics, forthcoming.
Asada, T., Chiarella, C., Flaschel, P., Mouakil, T., Proaño, C.R. & W. Semmler (2010), Stabilizing an Unstable Economy: On the Choice of Proper Policy Measures, Economics: The Open-Access, Open-Assessment E-Journal, Special Issue on \Managing Financial Instability in Capitalistic Economies" (Eds: Lux, T. & M. Raberto), 3(2010-21), July 16:
Charpe, M., Flaschel, P., Proaño, C.R. & W. Semmler (2009), Overconsumption, Credit Rationing and Bail-Out-Based Monetary Policy, Intervention. European Journal of Economics and Economic Policy 6(2), 247-270.
Proaño, C.R. (2009), (De-)Stabilizing International Macroeconomic Interactions in an Estimated Model of the U.S. and the Euro Area, International Economics and Economic Policy, 6(4), 421-443.
Flaschel, P. & C.R. Proaño (2009), The J2 Status of "Chaos" in Period Macroeconomic Models, Studies in Nonlinear Dynamics and Econometrics 13(2), Article 2.
Flaschel, P., Franke, R. & C.R. Proaño (2008), On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting, The B.E. Journal of Macroeconomics, 8(1), Article 31 (Topics).
Proaño, C.R., Flaschel, P. & W. Semmler (2008), Currency Crises and Monetary Policy in Economies with Partial Dollarization of Liabilities, ICFAI Journal of Monetary Economics VI(3), pp. 14-39.
Flaschel, P., Franke, R. & C.R. Proaño (2006), Wage-Price Dynamics and Income Distribution in a Semi-Structural Keynes-Goodwin Model, Structural Change and Economic Dynamics, 17, 452-465.
Topics in Applied Macrodynamic Theory (2008), Berlin: Springer (with P. Flaschel, G. Groh & W. Semmler).
Essays on Gradual Wage-Price Adjustments, Monetary Unions and Open Economy Macrodynamics (2008), Doctoral dissertation, Bielefeld University.
Keynesianische Makroökonomie (2007), 2nd edition. Berlin: Springer (with P. Flaschel & G. Groh).   
Contributions in Edited Volumes
Franke, R.  Flaschel, P. & C. Proaño (2008), Semi-structural Keynes-Goodwin modeling: Elaboration and calibration of a baseline theoretical framework, in Flaschel P. & M. Landesmann, (eds): Mathematical Economics and the Dynamics of Capitalism. Goodwin's Legacy Continued, Routledge Frontiers of Political Economy. New York: Routledge. 
Flaschel, P. & C. Proaño (2007), AS-AD Disequilibrium Dynamics and Taylor Interest Rate Policy Rule: Euro Area-Based Estimation and Simulation, in Arestis, P., Hein, E. & E. Le Heron (eds): Aspects of Modern Monetary and Macroeconomic Policies, New York: MacMillan.
Other Publications
Von der Finanzkrise zur Weltwirtschaftskrise: Wie die Krise entstand und wie sie überwunden werden kann (2009), IMK Report 29, Macroeconomic Policy Institute (IMK), Düsseldorf, Germany (with G.A. Horn, T. Niechoj, H. Joebges, A. Truger, S. Sturn, & T. van Treeck)
Es la economía intrínsicamente estable? Lecciones de la actual crisis financiera mundial para el diseño de nuevos modelos macroeconómicos (2009), POLÉMIKA, 1(1), 110- 119.
Stellungnahme zum Entwurf eines Begleitgesetzes zur zweiten Föderalismusreform BT Drucksache 16/12400 und Entwurf eines Gesetzes zur Änderung des Grundgesetzes BT Drucksache 16/12410 (2009), IMK Policy Brief, Macroeconomic Policy Institute (IMK), Düsseldorf, Germany (with G.A. Horn and A. Truger).
Die Schuldenbremse - eine Wachstumsbremse (The Debt Brake - a Growth Break)? (2008), IMK Report 29, Macroeconomic Policy Institute (IMK), Düsseldorf, Germany (with Horn, G.A., Niechoj, T., Truger, A., Vesper, D. & R. Zwiener).
Modelling European Business Cycles (EBC Model): A Macroeconometric Model of France (2005), DIW Berlin, Data Documentation 2, Berlin, Germany (with C. Logeay, J. Schwenkenberg, S. Stephan & S. Yahnych).
Modelling European Business Cycles (EBC Model): A Macroeconometric Model of the Netherlands (2005), DIW Berlin, Data Documentation 3, Berlin, Germany (with C. Logeay, S. Stephan, S. Yahnych & R. Zwiener).
Working Papers 
Proaño, C.R. (2010), Recession Forecasting with Dynamic Probit Models under Real Time Conditions, Macroeconomic Policy Institute IMK Working Paper 10/2010.
Flaschel, P,  Greiner, A. & C. Logeay (2010), Employment Cycles, Low Income Work and the Dynamic Impact of Minimum Wages. A Macro Perspective, Macroeconomic Policy Institute (IMK) Working Paper 4/2010, revise and resubmit at Journal of Evolutionary Economics.
Flaschel, P. & C.R. Proaño (2009), Determinacy and Stability Analysis in New Keynesian and Keynesian (Disequilibrium) Macrodynamics, Working Paper 146, Center for Empirical Micro- and Macroeconomics, Bielefeld University.
Kato, M.,  Semmler,W. & Proaño, C.R. (2009), Currency Runs, International Reserves Management and Optimal Monetary Policy Rules (2009), Macroeconomic Policy Institute (IMK) Working Paper 8/2009, under revision.
Proaño, C.R. (2008), Gradual Wage-Price Adjustments and Keynesian Macrodynamics: Evidence from the U.S. and Major European Countries, Working Paper 142, Center for Empirical Micro- and Macroeconomics, Bielefeld University.
Proaño, C.R. (2007), Gradual Wage-Price Adjustments, Labor Market Frictions and Monetary Policy Rules, Macroeconomic Policy Institute (IMK) Working Paper 09/2007, revise and resubmit at Journal of Economic Behavior and Organization.
Proaño, C.R. (2007), Inflation Differentials and Business Cycles Fluctuations in the European Monetary Union, Macroeconomic Policy Institute (IMK) Working Paper 05/2007.
Office Location:
Room 1113, 6 East 16th Street
Office Hours:
Monday 2:00 – 3:00 pm
Phone Number/Extension:
212 229-5717 x3046

Fax Number:
212 229-5724


Research Interests:
International Finance, Currency and Financial Crises, Monetary Policy, Income Distribution,Nonlinear Macroeconometrics, Behavioral Macroeconomics and Learning
Awards and Honors:
Research Scholarship by the DAAD (German Academic Exchange Service) 2007
Fellow, Euro Area Business Cycle Network (EABCN) 2006- present
Doctoral Scholarship by the Hans-Böckler Foundation 2006-2008

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