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Dennis WesselbaumDiploma (University of Kiel), Doctorate (University of Hamburg)

Tel: 64 3 479 8643
Room 622, 6th Floor, Otago Business School

I am a macroeconomist with both theoretical and empirical interests. My research activity is split between macroeconomic topics and the impacts of climate change. Precisely, my research interests are Macroeconomics (esp. Monetary and Fiscal Policy), Quantitative Economics, Economic Growth, Migration, and, more generally, the interaction between climate, environment, and society.

I am the Editor-in-Chief of the New Zealand Economic Papers (NZEP), the journal of the New Zealand Association of Economists Inc. (NZAE).

Dennis's CV

For a current CV, please see my personal webpage:

Selected publications

For the full list, please see my CV.

"Revisiting the Climate Driver and Inhibitor Mechanisms of International Migration". Climate and Development, forthcoming.

"Gone with the Wind: International Migration", joint with Amelia Aburn. Global and Planetary Change, 178: 96-109, 2019.

"Jobless Recoveries: Interaction between Financial and Search Frictions". Journal of Macroeconomics, 61, 2019.

"Moving Towards Happiness?", joint with Arthur Grimes. International Migration, 57(3): 20-40, 2019.

"Time-Varying Volatility in the U.S. Labor Market", Journal of Applied Economics, 21(1): 197-213, 2018.

"Catastrophe Theory and the Financial Crisis", Scottish Journal of Political Economy, 64(4): 376-391, 2017.

"The Intensive Margin Puzzle and Labor Market Adjustment Costs", Macroeconomic Dynamics, 20(6): 1458-1476, 2016.

"Sectoral Labor Market Effects of Fiscal Spending", Structural Change and Economic Dynamics, 34: 19-35, 2015.

"What drives Endogenous Growth in the United States?", The B.E. Journal of Macroeconomics (Contributions), 15(1): 183-221, 2015.

"Bubbles over the U. S. Business Cycle - A Macroeconometric Approach" (with Marc Luik), Journal of Macroeconomics, 40: 27-41, 2014.

"Evaluating Labor Market Reforms: A Normative Analysis(with Céline Poilly), Journal of Macroeconomics, 39: 156-170, 2014.

Teaching responsibilities

Preferred areas of research supervision

Dennis is especially interested in supervising research students in the following areas

  • Macroeconomics, esp. monetary and fiscal policy
  • Climate change
  • Drivers and impacts of migration
  • Financial mathematics, esp. models of conditional correlations and chaos


Pacheco, G., & Wesselbaum, D. (2024). Partisanship, elections and lockdowns: Evidence from US states. Scottish Journal of Political Economy. Advance online publication. doi: 10.1111/sjpe.12392 Journal - Research Article

Patman, R. G., Grace, P., Kiglics, B., & Wesselbaum, D. (Eds.). (2024). New Zealand's foreign policy under the Jacinda Ardern Government: Facing the challenge of a disrupted world. Singapore: World Scientific, 285p. doi: 10.1142/13646 Edited Book - Research

Wesselbaum, D. (2024). Reflections of a former editor. New Zealand Economic Papers, 2333797. Advance online publication. doi: 10.1080/00779954.2024.2333797 Journal - Research Other

Kumar, S., & Wesselbaum, D. (2024). Contracts and firms' inflation expectations. Review of Economics & Statistics, 106(1), 246-255. doi: 10.1162/rest_a_01115 Journal - Research Article

Smith, M. D., Kassa, W., & Wesselbaum, D. (2024). Food insecurity erodes trust. Global Food Security, 40, 100742. doi: 10.1016/j.gfs.2024.100742 Journal - Research Article

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