Rünstler, Gerhard

Fields of interest:

  • Macroeconometrics
  • Macroeconomics


  • MSc Mathematics, Technical University Graz
  • PhD Social Sciences, University of Graz
  • Postgraduate Studies in Econometrics, Institute for Advanced Studies, Vienna

Professional experience:

  • Assistant Professor at Institute for Advanced Studies, Vienna, 1992-1998
  • Economist, Austrian National Bank, 1998-1999
  • Economist, European Central Bank, 1999-2003
  • Principal Economist, European Central Bank, since 2003
  • Austrian Institute for Economic Research, 2009-2012


  • Isaac Kerstenetzky Award, CIRET conference 2009, New York

Teaching experience:

  • Econometrics I @ Institute for Advanced Studies 1995-1998
  • Tutorials in time series analysis @ Vienna Business School 1996-1998
  • International Economics @ University of Applied Sciences Vienna 2009
Title Authors Where
Business, housing, and credit cycles G. Rünstler and M. Vlekke Journal of Applied Econometrics 33(2), 212-226
On the design of data set for forecasting with dynamic factor models G. Rünstler Hillebrand and Koopman, Advances in Econometrics, Vol 20, Emerald Publishing
Short-term forecasts of euro area GDP growth Angelini, E., G. Camba-Mendez, D. Giannone, L. Reichlin, G. Rünstler Econometrics Journal 14(1), C25-C44.
A look into the factor model black box: Publication lags and the role of hard and soft data in forecasting GDP M. Banbura and G. Rünstler International Journal of Forecasting 27(2), 333-46.
Short-term forecasting of GDP using large data sets: a pseudo real-time forecast evaluation exercise G. Rünstler et al. Journal of Forecasting 28(7), 595-611
Modelling phase shifts among stochastic cycles G. Rünstler Econometrics Journal 7, 232-48.