IHS - People

People at IHS in alphabetical order:

  • Mag. Dr. Michael Miess

    • Macroeconomics and Business Cycles
    +43 1 59991 138
  • 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 received his PhD in economics at the Vienna University of Economics and Business (WU Wien) in 2019.

    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.

    In March 2021, Michael joined the Environment Agency Austria (Umweltbundesamt) as a senior ecological macroeconomist. His work is focused on the further development and use of the integrated energy-economy input-output model MIO-ES, and on the participation in the evaluation of national environmental, climate and energy policy measures and scenarios

    Another stream of Michael's work regards the development and methodology of empirical agent based models (ABMs), conducted in cooperation 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.

    As part of the project WINDOW financed by the Austrian Central Bank (Jubiläumsfonds) at WU Vienna, Institute for Ecological Econonomics, Michael was involved in in the development a novel stock-flow consistent (SFC) methodology suitable to depict scenarios of smooth transitions to a low-carbon economy in the electricity sector. In this framework, the potential stranding of physical and financial assets and its repercussions on the overall financial system for disruptive low-carbon transitions were assessed.


    Selection of Publications and Projects:

    Miess, M., Schmelzer, S., Kopecna, V. and Scasny, M. (forthcoming, 2022). Abatement technologies and their social costs in a hybrid general equilibrium framework. Forthcoming in the Energy Journal, Vol 43. No. 2, International Association for Energy Economics, https://doi.org/10.5547/01956574.43.2.mmie

    Poledna, S., Miess, M., and Hommes, C. (2020). Economic forecasting with an agent-based model. Under review. For the working paper version, please see SSRN: http://dx.doi.org/10.2139/ssrn.3484768.

    Cahen-Fourot, L., Campiglio, E., Daumas, L. Miess, M., Yardley, A. (2021). Waiting for the transition: The role of expectations in the decarbonisation of the electricity sector. In preparation.

    Cahen-Fourot, L., Campiglio, E., Daumas, L. Miess, M., Yardley, A. (2021). Heterogeneous transition expectations and capital investment choices. In preparation.

    Poledna, S., Rovenskaya, E., Crespo Cuaresma, J., Kaniovski, S., Miess, M., 2020. Recovery of the Austrian economy following the COVID-19 crisis can take up to three years. IIASA Policy Brief #26, https://iiasa.ac.at/web/home/resources/publications/IIASAPolicyBriefs/pb26.pdf.

    Miess, M. (2019). Expanding the technological frontier of macroeconomic modelling. An empirical comparison of an estimated agent-based model to standard modeling techniques. Dissertation, Vienna University of Economics and Business (WU Wien), November 2019.

    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.

    Miess, M. (2019). Unconditional and conditional forecasting for a small open economy in a two-country DSGE model. In preparation.

    Campiglio, E., Cahen-Fourot, L. Miess, M. (2019 - current). WINDOW: Smoothing the low-carbon transition. Project Funded by the Jubiläumsfonds of the Austrian National Bank.

    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. Materialien zu Wirtschaft und Gesellschaft 163, Austrian Chamber of Labour, 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).