Using new methods to predict economic development

When will inflation fall and when will economic growth accelerate? Luis Gruber, an early career researcher in Gregor Kastner’s research team at the Department of Statistics, is developing new statistical methods to help predict socially relevant topics such as economic development. It is important to note that statistics are not a crystal ball. We will not be able to predict the future with complete accuracy, which makes it all the more important to use new methods in order to demonstrate the degree of uncertainty associated with predictions.

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Using innovative methods to improve our understanding of the interplay between monetary policy and the economy

How can we improve the prediction of systemic risks in financial and economic crises? A new research project is developing innovative Bayesian methods to model dynamic covariances – with the aim of improving forecasts and supporting political decisions.

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Celebrating ‘50 years of maths’ in Klagenfurt

The 50th anniversary of the scientific discipline of mathematics at the University of Klagenfurt will be celebrated this summer.  Since the establishment of the first two chairs in 1974 with a focus on the didactics of mathematics, three departments have been formed, which jointly invite you to the anniversary celebrations on the 25th of June 2024 with a Gauss Lecture, a competition, and an interactive exhibition.

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How do subsidies affect land use?

The European Union has set ambitious targets for the agricultural sector with the Green Deal until 2030. To achieve these, land use and land management need to be regulated in a finely tuned way. Alexander Mozdzen, PhD student at the Department of Statistics at the University of Klagenfurt, in collaboration with Tamás Kristin (IIASA) and Gregor Kastner (University of Klagenfurt), has developed an innovative Bayesian space-time model to analyse the impact of agricultural subsidies on land use in Europe. The model aims to provide a clearer assessment of which policies have been effective in regulating land use.

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