Welcome to my website!

I am an Assistant Professor of Financial Economics at the Halle Institute for Economic Research (IWH) and Martin Luther University Halle-Wittenberg.

Research Group and Interests

At the institute, I head the research group Data Science in Financial Economics, where we focus on developing and applying novel data science and AI methods in the field of financial economics. These methods are used to generate economic indicators from unstructured data, such as textual data, satellite imagery, or web scraping. These indicators are then utilized in econometric analysis to address pertinent questions in financial economics.

Current projects of the group deploy such indicators to study, for instance:

• Information frictions in financial markets, such as asymmetric information, market efficiency and the quality of firm disclosures and governance.
• Bank lending behavior and risk-shifting in real estate markets as a response to macroprudential regulation.
• Markets’ adaptation to climate change and the limits thereof.

The research group also develops and maintains IWH’s European Real Estate Index (EREI), which systematically tracks European real estate markets. EREI provides data on quoted prices, supply-side depth (number of listings), and liquidity (dwell time). Harmonized at the NUTS-3 regional level, the index supports consistent cross-country comparisons and spatial analyses for researchers, policymakers, and the public.

Publications

Peer-Reviewed

• “Let Me Get Back to You” — A Machine Learning Approach to Measuring NonAnswers Permalink
  Andreas Barth, Sasan Mansouri, and Fabian Woebbeking (2023). "Let Me Get Back to You" — A Machine Learning Approach to Measuring NonAnswers. Management Science, 69(10).
• Correlation Scenarios and Correlation Stress Testing Permalink
  Natalie Packham and Fabian Woebbeking (2023). "Correlation Scenarios and Correlation Stress Testing." Journal of Economic Behavior and Organization, 205 (January).
• Cryptocurrency Volatility Markets Permalink
  Fabian Woebbeking (2021). "Cryptocurrency Volatility Markets." Digital Finance, 3(3).
• A Factor-model Approach for Correlation Scenarios and Correlation Stress Testing Permalink
  Natalie Packham and Fabian Woebbeking (2019). "A Factor-model Approach for Correlation Scenarios and Correlation Stress Testing." Journal of Banking and Finance, 101 (April). DOI: 10.1016/j.jbankfin.2019.01.020.
• Tail-risk Protection Trading Strategies Permalink
  Natalie Packham, Jochen Papenbrock, Peter Schwendner, and Fabian Woebbeking (2017). "Tail-risk Protection Trading Strategies." Quantitative Finance, 17(5). DOI: 10.1080/14697688.2016.1249512.

Working Papers

• The Price of Beauty: Biodiversity Effects on Residential Housing Markets Permalink
  Michael Koetter, Birte Winter, and Fabian Woebbeking (2025). "The Price of Beauty: Biodiversity Effects on Residential Housing Markets." IWH Discussion Papers, No. 21. DOI: 10.18717/dpb9v0-zk76.
• The Limits of Local Laws in Global Supply Chains: Extending Governance or Cutting Ties? Permalink
  Michael Koetter, Melina Ludolph, Hendrik Keilbach, and Fabian Woebbeking (2025). "The Limits of Local Laws in Global Supply Chains: Extending Governance or Cutting Ties?" IWH Discussion Papers, No. 14. DOI: 10.18717/dph80a-7k35.
• Information Flow and Market Efficiency - The Economic Impact of Precise Language Permalink
  Andreas Barth, Sasan Mansouri, and Fabian Woebbeking (2025). "Information Flow and Market Efficiency - The Economic Impact of Precise Language." IWH Discussion Papers, No. 13. DOI: 10.18717/dpds-2j29.
• Contractionary Macroprudential Policy, Collateral Valuation, and Risk-shifting in EU Banking Permalink
  Michael Koetter, Felix Noth, and Fabian Woebbeking (2025). "Contractionary Macroprudential Policy, Collateral Valuation, and Risk-shifting in EU Banking." IWH Discussion Papers, No. 4. DOI: 10.18717/dp8vbg-3v09.