March 26, 2026: Bundesbank-IAW lecture event with panel discussion in Stuttgart

Presentation of the 2026 Norbert Kloten Prize for Applied Economic Research to:

Judith Lehner

An Empirical Counterfactual Analysis of Fiscal Policy in Germany.

Advisor: Prof. Dr. Ralph Lütticke, Chair of Macroeconomics at the Faculty of Economics and Social Sciences, Eberhard Karls University of Tübingen

Ricardo Acevedo Arias

The Welfare, Trade, and Emissions Effects of the EU-MERCOSUR Trade Agreement: A Quantitative Analysis.

Advisor: Prof. Dr. Benjamin Jung, Chair of International Relations at the Faculty of Economics and Social Sciences, University of Hohenheim

Photo: Deutsche Bundesbank

From left to right: Ricardo Acevedo Arias, Judith Lehner, Dr. Patricia Staab (President of the Baden-Württemberg Branch of the Deutsche Bundesbank), Prof. Dr. Wilhelm Rall (IAW)

Lecture

What is Europe's Response to Geopolitical Challenges?

Photo: Deutsche Bundesbank

Prof. Dr. Christoph Trebesch, Vice President of the Kiel Institute for the World Economy and Director of the International Finance and Geopolitics Research Group at the Kiel Institute for the World Economy and Professor of Macroeconomics at the University of Kiel.

Panel discussion

Photo: Deutsche Bundesbank

From left to right:

• Prof. Dr. Thomas Diez, Institute of Political Science, University of Tübingen
• Dr.-Ing. Sven Gailus, Managing Director, Strategy Office, Hapag-Lloyd AG, Hamburg
• Johannes Pennekamp, Frankfurter Allgemeine Zeitung (Moderator)
• Prof. Dr. Christoph Trebesch, Kiel Institute for the World Economy
• Johannes Jung, Department Head, Ministry of Economic Affairs, Labor, and Tourism of Baden-Württemberg