Prof. Markus Kondziella

Markus Kondziella is Assistant Professor of Quantitative Economics at the University of St. Gallen. He obtained his Ph.D. at the Institute for International Economic Studies (IIES), Stockholm University, in 2023.

Professor Kondziella’s research covers macroeconomics broadly, with a particular focus on firm dynamics, economic growth and wealth inequality. In his research, he exploits structural models to study the implications of household and firm heterogeneity at the aggregate level. As one such example, he quantifies the importance of heterogeneity in households’ portfolio choices to explain cross-sectional wealth inequality. In other work, he assesses how heterogeneous firm growth induces the reallocation of market shares in the cross-section of firms and its impact on aggregate productivity in the short and long run. In both examples, he disciplines structural models with data covering millions of households and firms to address policy-relevant questions quantitatively.

• Financial Markets
  • Financial Crises
• Portfolio Management and Asset Classes
  • Personal Finance and Household Choices
• Frontier Topics
  • Big Data and Fintech