At the Institute of Macroeconomics, the following colleagues are working in research and teaching: Prof. Martin Gassebner (nicht im Bild), Dr. Tobias Korn (nicht im Bild), from left to right: Joao Oliveira, Prof. Arevik Gnutzmann-Mkrtchyan, Julian Wichert, Bente Jessen-Thiesen, Ulrike Danneberg, Thomas Schiller and Stefanie Pizzella.