University President congratulates on the appointment to the national expert committee
12.05.2014
The German cabinet nominated the Mainz-based economist Isabel Schnabel to become a member of the German Council of Economic Experts. On the basis of this proposal, the German Federal President will subsequently officially install the 42-year-old economist, who is a Professor of Economics specializing in Financial Economics at Johannes Gutenberg University Mainz (JGU), following consultation with the Expert Council.
The President of Mainz University, Professor Georg Krausch, congratulated Professor Isabel Schnabel on being nominated as one of the five Council members. He stated that the appointment was an affirmation of Schnabel’s excellent work in the field of financial market research, particularly her contributions to resolving issues of financial system stability and bank regulation. "My congratulations to Professor Isabel Schnabel on becoming a member of this important and influential advisory council. I wish you all the best in your task as a member of this important committee," said Krausch. He pointed out that Schnabel’s nomination also represents an endorsement of the continuing exceptional achievements of JGU's Department of Management and Economics and can be seen in relation to the systematic emphasis on the study of evidence-based economic policy at Mainz University, something that is reflected in the establishment of the university's new research unit on Interdisciplinary Public Policy. Johannes Gutenberg University Mainz looks back on a long tradition of providing advice on economic policy. JGU professors Kurt Schmidt (1974-1984), Rolf Peffekoven (1991-2001), and Beatrice Weder di Mauro (2004-2012) have all been members of the Council.
Professor Isabel Schnabel will succeed Professor Claudia Buch in the German Council of Economic Experts, which was originally formed in 1963. It is the task of the Council to evaluate the overall economic situation and foreseeable developments and to publish its conclusions in an annual report.
Isabel Schnabel was born in Dortmund and studied Economics at the universities of Mannheim, Paris (Sorbonne), and Berkley. She was supervised by Professor Martin Hellwig while taking her doctorate at the University of Mannheim, which she received in 2003. In 2004, she took up a position at the Max Planck Institute for Research on Collective Goods in Bonn and was a visiting scholar at Harvard University in 2004/2005. Isabel Schnabel has been teaching Economics at the Faculty of Law, Management and Economics at Mainz University since 2007. Her research focuses on financial crises, bank and financial market regulation as well as international capital flows. She has already gained some experience as an economic policy advisor: she is Vice Chair of the Advisory Committee to Germany's Federal Financial Supervisory Authority (BaFin) and member of the BaFin's supervisory board. She also sits on the Scientific Advisory Councils of the Center for European Economic Research and of the Halle Institute for Economic Research (IWH).