IHS - People

People at IHS in alphabetical order:

  • Mag. Michael Miess

    • Macroeconomics and Economic Policy
    +43 1 59991 138
    miess(at)ihs.ac.at
  • Macroeconomic modelling (agent-based, stock-flow consistent, and general equilibrium models)

    National accounting data

    Linking financial and real economy in formal economic modelling

    Financialization and its relation to sustainable economic development and distributional issues

    Macroeconomic sustainability

    Ecological economics

  • Bild Michael Miess
  • Michael Gregor Miess (* 1983 in Innsbruck, Austria) has been actively researching in the fields of macroeconomics, macroeconomic modelling (agent-based, stock flow consistent, and computable general equilibrium models), financial markets and their link to the real economy, as well as ecological economics at IHS and other research institutions for several years. He is a graduate in economics from the University of Vienna, and is expected to formally finish his PhD in economics at the Vienna University of Economics and Business (WU Wien) in the coming months.

    At IHS, Michael has participated in a leading role in the development of an innovative hybrid top-down bottom-up computable general equilibrium (CGE) model with focus on energy provision and environmental effects. This model has repeatedly been used for studies for Austrian ministries. He also coordinated and researched for a trans-national project (DEFINE) co-funded by the European Commission that featured the extension and application of this CGE ModeI to analyse a large-scale shift to electromobility in Austria, Germany and Poland.

    Currently, at the Institute for Ecological Economics at WU Wien, Michael is involved in a project financed by the Austrian Central Bank. The focus here lies on setting up of a new stock-flow consistent (SFC) model that is able to depict credit-fuelled financial cycles due to credit creation by the financial sector, causing asset price inflation and influencing investment behaviour by firms (financial vs. real investment).

    Another stream of Michael's work regards the development and methodology of empirical agent based models (ABMs), conducted in cooperation with the Complexity Science Hub (CSH) Vienna and the International Institute for Applied Systems Analysis (IIASA). He has participated in building an ABM for the Austrian economy incorporating a wide range of macroeconomic data sources (national accounts, input-output tables, government statistics, census data and business surveys). This model is able to outperform standard time series models (ARMA, VAR models) and a standard DSGE model in short- to medium-term forecasting of major macroeconomic variables and has a large potential for scenario and policy analysis.

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    Selection of Publications and Projects:

    Poledna, S., Hochrainer-Stigler, S., Miess, M., Klimek, K., Schmelzer, S., Shchekinova, E., Rovenskaya, E., Linnerooth-Bayer, J., Dieckmann, U., Pflug, G., Thurner, S. (2018). When does a disaster become a systemic event? Estimating indirect economic losses from natural disasters. For the working paper see https://arxiv.org/pdf/1801.09740.pdf; for technical the model appendix see http://www.complex-systems.meduniwien.ac.at/people/spoledna/supporting_information_poledna_et_al_2018.pdf.

    Schmelzer, S., Miess, M., Kopecna, V. and Scasny, M. (2018a). Modelling Electric Vehicles as an Abatement Technology in a Hybrid CGE Model. Under review. For the working paper version, please see https://ideas.repec.org/p/fau/wpaper/wp2018_16.html.

    Poledna, S., Miess, M. and Thurner, S. (2018). Economic Forecasting with an Agent-based Model. In preparation.

    Miess, M. (2018). Unconditional and conditional forecasting for a small open economy in a two-country DSGE model. In preparation.

    Klimek, P., Poledna, S., Miess, M., Thurner, S. (2018). Linear Response Theory of Economic Resilience. In preparation.

    Schmelzer, S., Miess, M., Kopecna, V. and Scasny, M. (2018b). Assessing Impacts of Electromobility Supporting Policies: A Hybrid Model Approach. In preparation.

    Rezai, A., Miess, M., Schmelzer, S., Ederer, S. (2017 - 2019). Options for Sustainable Growth in the Presence of Complex Financial Markets. Project Funded by the Jubiläumsfonds of the Austrian National Bank.

    Miess, M. and Schmelzer, S. (2016b). Extension of the Empirical Stock-Flow Consistent (SFC) Model for Austria. Study commissioned by the Austrian Chamber of Labour, Vienna (Arbeiterkammer Wien). See https://emedien.arbeiterkammer.at/viewer/resolver?urn=urn:nbn:at:at-akw:g-1522902.

    Miess, M., Raza, W., Reiner, C., Schmelzer, S., Tröster, B. (2016). Auswirkungen von TTIP auf die österreichische Landwirtschaft und Nahrungsmittelproduktion - Beschäftigungs- und Struktureffekte (Effects of TTIP on the Austrian Agriculture and Food Production Sectors – Employment and Structural Effects). Study commissioned by SPAR, BioAustria, NÖM and Greenpeace. See http://irihs.ihs.ac.at/id/eprint/3912.

    Miess, M., Schmelzer, S (2016a). A Stock-flow consistent model of financialisation and shadow banking: Financial fragility in a modern capitalist economy. Working Paper. See http://www.boeckler.de/pdf/v_2015_10_23_miess.pdf .

    Stagl, S., Rezai, A., Miess, M., Schmelzer, S., Zwickl, K. (2014 - 2015) Financialization, economic growth and biophysical limits. Project Funded by the Jubiläumsfonds of the Austrian National Bank.

    Miess, M. and Schmelzer, S. (coordinators). ERA NET Transport electromobility+ project DEFINE (Development of an Evaluation Framework for the Introduction of Electromobility, 2012 - 2014). Project funded by BMVIT (Austria) and Co-funded by the European Commission. Project Homepage: https://www.ihs.ac.at/projects/define/

    Schmelzer, S. Miess, M. (2015a). The Economic Costs of Electric Vehicles. DEFINE Working Paper, see https://www.ihs.ac.at/projects/define/files/11_1_IHS_WorkingPaper_EconomicCostsEVs.pdf .

    Hofer, H., Davoine, T., Hyee, R., Miess, M., Müllbacher, S. and Poyntner, P. (2015). Ex Ante Evaluation der Steuerreform 2015/2016 (Ex Ante Evaluation of the Austrian Tax Reform 2015/2016). Study commissioned by the Austrian Ministry of Finance.

    Schmelzer, Stefan and Miess, Michael (2015b) Report Work Package 6 - Report on the Calibrated and Validated CGE Model with Implemented Scenarios Ready for Use; A Set of Simulation Results and Case Studies. DEFINE Project report. See http://www.ihs.ac.at/projects/define/files/Deliverable_6_1_and_6_2.pdf

    Janke, J., Grussmann, S., Miess, M., Schmelzer, S. (2015). Volkswirtschaftliche Kosten des Klimawandels in Österreich durch Klimawandeleffekte in Landwirtschaft, Wintertourismus und der Energiewirtschaft (Economic Costs of Climate Change caused by Climate Change Effects in Agriculture, Winter Tourism and the Energy Economy). Study commissioned by the Austrian Ministry of Finance.

    Bliem, M., Aigner-Walder, B., Brandl, B., Grussman, S., Klinglmair, A., Miess, M., Paterson, I., Rodiga-Laßnig, P., Schmelzer, S. (2014). Das Potenzial von Öko-Innovationen für den Standort Österreich (The Potential of Eco-Innovation for Austria). Studie im Auftrag des Bundesministeriums für Wirtschaft, Familie und Jugend (study commissioned by the Austrian Ministry of Economy, Family and Youth).

    Friedl, B., Bliem, M., Miess, M., Schmelzer, S., Aigner, M., Haber, A.,  Schmautzer, E. (2013). Wertschöpfungs- und Beschäftigungseffekte von Smart-Grids-Lösungen (Value added and employment effects of smart grid solutions). Presented at: International Energy Economics Conference at Vienna University of Technology (IEWT), 2013.

    Bliem, M., Friedl, B., Miess, M., Rauter, B. und Schmelzer, S. (2012). Erneuerbare Energie in Oberösterreich: Förderung, Beschäftigung, Wertschöpfung (Renewable Energy in Upper Austria: Subsidies, Employment, Value Added). Klagenfurt, November 2012.

    Miess, M., Schmelzer, S. und Schnabl, A. (2011). Evaluierung der regionalen Beschäftigungs- und Wachstumsoffensive 2005/2006 (Evaluation of the Regional Employment and Growth Offensive). Studie im Auftrag des Bundesministeriums für Wirtschaft, Familie und Jugend (Study commissioned by the Austrian Ministry of Economy, Family and Youth).

    Berger, J., Gstrein, M., Keuschnigg, C., Miess, M., Müllbacher, S., Strohner, L., Winter-Ebmer, R. (2011). Development/Maintenance of the Labour Market Model. Project on behalf of DG EMPL of the European Commission, Contract No. VC/2010/0068.

    Berger, J., Hofer, H., Miess, M., Schuh, U., Strohner, L., Biffl, G. (2011). Auswirkungen der Arbeitsmarktöffnung am 1. Mai auf den Wirtschafts- und Arbeitsstandort Österreich (Effects of Opening the Austrian Labour Market on the 1st of May on business and employment location Austria). IHS, DUK. Studie im Auftrag des Bundesministeriums für Wirtschaft, Familie und Jugend (Study commissioned by the Austrian Ministry of Economy, Family and Youth).

    Balabanov, T., Friedl, B., Miess, M., and Schmelzer, S. (2010). Mehr und qualitätsvollere Green Jobs (Green Jobs for a Sustainable, Low-carbon Austrian Economy). Studie im Auftrag des Bundesministeriums für Arbeit, Soziales und Konsumentenschutz (Study Commissioned by the Austrian Ministry for Labour, Social Affairs and Consumer Protection). 

    Berger, J., Keuschnigg, C., Keuschnigg, M., Miess, M., Strohner, L., Winter-Ebmer, R. (2009). Modelling of Labour Markets in the European Union. Final Report. Project Report for the European Commission as part of the European Community Programme for Employment and Social Solidarity (2007 - 2013), DG for Employment, Social Affairs and Equal Opportunities, Ref. No. VC/2007/0344.

    Bock-Schappelwein, J., Bremberger, C., Hierländer, R., Huber, P., Knittler, K., Berger, J., Hofer, H., Miess, M., Strohner , L. (2009). Die ökonomischen Wirkungen der Immigration in Österreich 1989 – 2007. WIFO, IHS. Studie im Auftrag des Bundesministeriums für Wirtschaft und Arbeit (Study Commissioned by Austrian Federal Ministry of Economics and Labour).