Correlation vs. Causality in Stock Market Comovement

He started his studies of economics in 2001 at Freie Universität Berlin. At the same place, he was teaching and research assistant at the institute of statistics and econometrics from 2004 until 2008. The dissertation, an empirical investigation into convergence, business cycles, economic growth and financial markets in Asia-Pacific, was finished in 2007. From 2006 till 2008, Prof. Weber participated in the Collaborative Research Center 649 ?Economic Risk? at Humboldt-Universität zu Berlin. In 2007, he took a postdoctoral position at the Chair of Empirical Economics at Universität Mannheim. Furthermore, he has held several guest positions and carried out economic consultancy projects. In April 2009, he was appointed by Universität Regensburg and additionally in January 2010 by the Institute for Employment Research Nuremberg.