Klaus Wälde

Klaus Wälde (born 1966) is a German economist and Professor of Economics at the Johannes-Gutenberg University Mainz. He is also an extramural fellow at the Université catholique de Louvain and a fellow of the CESifo network. Previously, he was Professor of Economics at the Universities of Dresden, Würzburg and Glasgow. He also worked for the World Bank and for the European Commission.

He published on macroeconomics and economic theory, on labour market research and the analysis of the role of emotions in decision making. His evaluations (with Andey Launov) of Hartz III and Hartz IV received quite some interest from the public. He is also supportive of the role of trade unions in society. He teaches in the "Dynamic Aspects of Stress at Work" graduate school at the Johannes-Gutenberg University Mainz. This is an interdisciplinary graduate school of psychologists and economists.

As of March 2020 he contributed to the analysis of COVID-19 dynamics in Germany. Applying methods from labour market theory (continuous time Markov chains) to epidemiology, he developed new versions of the SIR model to predict the evolution of COVID-19 in Germany ([https://www.degruyter.com/view/journals/ger/21/2/article-p181.xml GER], [https://www.cesifo.org/en/publikationen/2020/working-paper/projecting-spread-covid-19-germany CESifo Econ Studies]). This received a lot of attention in the [https://www.focus.de/gesundheit/news/deutsche-forscher-entwickeln-szenarien-hoehepunkt-anfang-juni-was-es-mit-der-studie-auf-sich-hat_id_11833555.html media]. Earlier analyses also discussed in his [https://www.macro.economics.uni-mainz.de/category/corona/ Corona-Blog] focused on [https://idw-online.de/de/simplesearch?words=%22Klaus+W%C3%A4lde%22+mainz&_form_=InputForm&scope=press_release&scope=event flattening the curve] or on the [https://www.zdf.de/nachrichten/panorama/coronavirus-massnahmen-wirkung-100.html effects of public health measures].

Media responses were strongest for the [https://www.cesifo.org/en/publikationen/2020/working-paper/face-masks-considerably-reduce-covid-19-cases-germany-synthetic mask-study]. Examples include [https://www.tagesschau.de/inland/corona-masken-schutz-studie-101.html Tagesschau], [https://www.facebook.com/ardmoma/videos/bringt-das-%C3%BCberhaupt-was-die-frage-nach-der-wirksamkeit-von-mund-nasen-schutzmas/193870378573742 ARD Morgenmagazin]  ([https://www.ardmediathek.de/daserste/video/morgenmagazin/corona-aktuell-masken-schuetzen/das-erste/Y3JpZDovL2Rhc2Vyc3RlLmRlL21vcmdlbm1hZ2F6aW4vZTUwMTMyZGMtYzExNS00ZmMzLWI1NGMtOWU0Yjg4ZmZlMDky/ ARD Mediathek]), [https://www.zeit.de/2020/30/maskenpflicht-jena-corona-krisenmanagement Die Zeit], a page 1 news on [https://www.thetimes.co.uk/article/facemasks-shown-to-cut-spread-of-covid-19-9r92zfpb8 The Times] or De Volkskrant.

His most known textbook is titled ''Applied Intertemporal Optimization'', and is a frequently downloaded economics textbook.

Klaus Wälde held a research professorship at the Gutenberg Research College from 2009 to 2014. Provided by Wikipedia