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Prof. Dr. Florian Gerth

Prof. Dr. Florian Gerth

Professor

Florian.Gerth@ism.ltGoogle Scholar

Florian Gerth is Professor of Economics at ISM University of Management and Economics. He is an applied macroeconomist whose research focuses on quantitative macroeconomics, monetary and financial economics, business-cycle fluctuations, firm dynamics, productivity, and resource misallocation.

Before joining ISM, Professor Gerth held academic positions at the Asian Institute of Management in the Philippines, the University of Wollongong in Dubai, and the University of Kent. Beyond academia, he worked as an economist in the Financial Stability Division of the Central Bank of Ireland and has experience in economic and business consulting. His international career has spanned Europe, the Middle East, and Asia.

Professor Gerth holds a PhD in Economics and an MSc in Economics and Econometrics from the University of Kent, as well as an MA in International Relations from the University of Wollongong. His research has been published in journals including Journal of International Financial Markets, Institutions and Money, International Review of Financial Analysis, European Journal of Finance, The B.E. Journal of Macroeconomics, International Review of Economics & Finance, Journal of Futures Markets, Journal of Portfolio Management, Applied Economics, among others. He has also contributed several chapters to Elsevier’s Encyclopedia of Monetary Policy, Financial Markets and Banking and Springer’s Financial Inclusion: In Pursuit of UN SDG 8.10.

His teaching experience spans more than a decade and covers undergraduate, postgraduate, MBA, and doctoral education, with particular emphasis on macroeconomics, international economics, econometrics, quantitative economics, business analytics, and statistics. Professor Gerth has received awards for both research and teaching, including the UOWD Excellence in Research Award and the University of Kent’s Best Graduate Teaching Assistant award.

Awards

  • 2026 – FINEX Research and Development Foundation Award, Manila, Philippines
  • 2024 – Best Paper Award – 2nd Place, 5th Asia Pacific IEOM Conference, Tokyo, Japan
  • 2023 – Top Graduating Student in MA in International Relations, University of Wollongong, Australia
  • 2022 – UOWD Excellence in Research Award, University of Wollongong in Dubai, UAE
  • 2015-2017 – Best Graduate Teaching Assistant, University of Kent, UK
  • 2014 – Outstanding Performance Award – MSc Economics, University of Kent, UK

Research areas

  • Quantitative Macroeconomics
  • Monetary Economics and Monetary Policy
  • Financial Economics and Financial Stability
  • Business Cycles
  • International Macroeconomics and Finance
  • Firm Dynamics
  • Productivity and Allocative Efficiency
  • Resource Misallocation
  • Applied Macroeconometrics

Teaching areas

  • Macroeconomics
  • International Economics
  • Monetary Economics
  • Financial Economics
  • Econometrics
  • Time-Series Econometrics
  • Quantitative Economics
  • Business Analytics
  • Statistics

Courses

Macroeconomics (ECO102)
Intermediate Macroeconomics (ECO129)
International Economics and Trade (ECO121)

Publications

Ahelegbey, D. F., Gerth, F., & Ibhagui, O. W. (2026). A network anatomy of cross-currency basis swap spreads: Evidence from 25 currencies. The European Journal of Finance, 1-27. doi:10.1080/1351847X.2026.2723814
Ahelegbey, D. F., Gerth, F., & Ibhagui, O. W. (2026). Dollar funding stress and the long-run structure of exchange rates. International Review of Financial Analysis, 118, 1-21. doi:10.1016/j.irfa.2026.105338
Ahelegbey, D. F., Gerth, F., Ibhagui, O. W., & Shu, M. (2026). Correlated Asset Returns Under Distinct Inflation Regimes. Journal of Portfolio Management, 52(9), 214-238.
Ibhagui, O. W., Evans, J., Fadina, T., Gerth, F., & Han, C. (2026). Crisis-Dependent Linkages in Major Exchange Rates. Journal of International Financial Markets, Institutions and Money, 109, 1-30. https://doi.org/10.1016/j.intfin.2026.102333
Ahelegbey, D. F., Ibhagui, O. W., & Gerth, F. (2026). The Dollar’s Double Life: Not all Dollar Appreciations are Born Equal for the Cross-Currency Basis. The Journal of Futures Markets, 46(4), 754-772.
Gerth, F., Briggs, C. M., & Diaz, J. F. (2026). Exit and Entry Dynamics of UK Firms Following the Global Financial Crisis. Bulletin of Economic Research, 78(1), 174-188.
Gerth, F., O’Brien, M., & Briggs, C. M. (2026). Allocative Efficiency of UK firms during the Great Recession. Applied Economics Letters, 33(11), 1765-1770.
Diaz, J. F., Chua, R., & Gerth, F. (2026). Kleptocratic Circuits and Networks: How Officials, Contractors, and Cohorts Divert Public Funds Worldwide. Public Governance, Regulation and Law, 2(2), 58-69.
Tan, A., Wahab, S. N., Roche, O., & Gerth, F. (2026). Transforming Humanitarian Efforts in the Philippines through Hybrid Project Management. Journal of Humanitarian Logistics and Supply Chain Management, 1-17. https://doi.org/10.1108/JHLSCM-06-2025-0092
Diaz, J. F., Gerth, F., & Young, M. N. (2026). Long-memory Modeling and Forecasting of High-Carbon Intensity Rating Exchange-traded Funds (ETFs). FinTech and Sustainable Innovation, 2, 1-13.
Tan, A., & Gerth, F. (2026). Generational Innovation Evolution in Family Businesses: An Empirical Examination of Innovation Priorities Across Successive Generations. Journal of Family Business and Management Studies, 18(2), 35-58.
Gholipour, H. F., Yam, S., Farzanegan, M. R., Arjomandi, A., & Gerth, F. (2025). Farmland Prices and the Farming Industry’s Profitability in Australia. Applied Economics, 1-12. https://doi.org/10.1080/00036846.2025.2547112
Broby, D., & Gerth, F. (2025). Artificial Intelligence and the Limits of the Measurement of Productivity. Annals of Social Sciences & Management Studies, 12(2), 1-9.
Gerth, F., O’Brien, M., & Sikora, K. (2025). Socio-Economic Determinants of Construction Sector Development. SocioEconomic Challenges, 9(2), 78-91.
Gerth, F., Tan, A., Kwa, P., & Roche, O. (2025). Cybersecurity Job Requirements in Asian countries: An Analysis of Workforce Trends and Future Implications. Journal of Applied Economic Sciences, 20 (2, 88), 192-206.
O’Brien, M., Gollan, P., & Gerth, F. (2025). Who’s the Boss? Exploring Public and Private Wage Growth Leadership in State Level Education and Health Industries in Australia. Applied Economics Letters, 32(17), 2485-2489.
Tan, A., Wahab, S. W., & Gerth, F. (2025). Cost-Effectiveness of Implementing Sustainable Practices and Technologies in Warehousing Operations. Asian Business Research Journal, 10(11), 14-24.
Gholipour H. F., Arjomandi, A., & Gerth, F. (2024). What Drives Firms’ Intention to Prioritize Public Spending in the Energy Sector?: Evidence from Eastern Europe and Central Asia. Post-Communist Economies, 36(8), 993-1013.
Wilkinson, S., & Gerth, F. (2024). A Review of the Sustainability of Helium: An Assessment of Its Past, Present and a Zero-Carbon Future. Regional Science and Environmental Economics, 1(1), 78-103.
Yang, M., Gerth, F., Ramiah, V., & Muschert, G. (2023). The Impact of the 2019 Australian Bushfire: Financial Markets, Air Pollution, and Economic Effects. Review of Pacific Basin Financial Markets and Policies, 26(3), 1-21.
Gerth, F., & Bian, Y. (2023). The Fed’s Strategy on a Targets-based Monetary Policy Framework. Financial Economics Letters, 2(1), 22-29.
Gerth, F., & Sikora, K. (2023). The role of economic development in improvements of Cambodian housing conditions. Journal of Regional Economics, 2(1), 1-13.
Gerth, F., & Temnov, G. (2021). New Ways of Modeling Loan-to-Income Distributions and their Evolution in Time – A Probability Copula Approach. International Review of Economics and Finance, 71, 217-236.
Gerth, F., Ramiah, V., Toufaily, E., & Muschert, G. (2021). Assessing the effectiveness of Covid-19 financial product innovations in supporting financially distressed firms and households in the UAE. Journal of Financial Services Marketing, 26, 215-225.
Gerth, F., Lopez, K., Reddy, K., Ramiah, V., Wallace, D., Muschert, G., Frino, A., & Jooste, L. (2021). The Behavioural Aspects of Financial Literacy. Journal of Risk and Financial Management, 14(9), 1-16.
Madhou, A., Sewak, T., Moosa, I., Ramiah, V., & Gerth, F. (2021). Towards Full-Fledged Inflation Targeting Monetary Policy Regime in Mauritius. Journal of Risk and Financial Management, 14(3), 1-18.
Gerth, F., & Otsu, K. (2018). The Post-Crisis Slump in Europe: A Business Cycle Accounting Analysis. The B.E. Journal of Macroeconomics, De Gruyter, 18(1), 1-25.
Otsu, K., & Gerth, F. (2015). A neoclassical analysis of the Great Recession: a historical comparison. Economics Bulletin, 35(4), 2363-2373.
Gerth, F. (2025). An anatomy of interest rates: How do interest rates really work? In N. Apergis (Eds.), Encyclopedia of Monetary Policy, Financial Markets and Banking. San Diego: Elsevier.
Al-Helo, S., & Gerth, F. (2025). About the coexistence of cryptocurrency and monetary policy – A beginner’s guide to central bank digital currencies. In N. Apergis (Eds.), Encyclopedia of Monetary Policy, Financial Markets and Banking. San Diego: Elsevier.
Gerth, F. (2024). Nexus between Financial Inclusion and Economic Activity: A Study about Traditional and Non-Traditional Financial Service Indicators Determining Financial Outreach. Financial Inclusion: In Pursuit of UN SDG 8.10, G. Muschert, V. Pereira, V. Ramiah, & A. C. Doker (Eds.). Berlin: Springer.
Savagar, A., & Gerth, F. (2017). Productivity Puzzles Across Europe, Askenazy, Bellmann, Bryson, & Moreno Galbis (Eds.). Reviewed in: Economic Affairs, 37(2), 336-337.
Gerth, F., & Ramiah, V. (2021). The Future Prospect of Targets-based Monetary Policy Framework: The Case of the Fed. Centre for the Study of Global Economic Future (CSGEF).

Publications

Ahelegbey, D. F., Gerth, F., & Ibhagui, O. W. (2026). A network anatomy of cross-currency basis swap spreads: Evidence from 25 currencies. The European Journal of Finance, 1-27. doi:10.1080/1351847X.2026.2723814
Ahelegbey, D. F., Gerth, F., & Ibhagui, O. W. (2026). Dollar funding stress and the long-run structure of exchange rates. International Review of Financial Analysis, 118, 1-21. doi:10.1016/j.irfa.2026.105338
Ahelegbey, D. F., Gerth, F., Ibhagui, O. W., & Shu, M. (2026). Correlated Asset Returns Under Distinct Inflation Regimes. Journal of Portfolio Management, 52(9), 214-238.
Ibhagui, O. W., Evans, J., Fadina, T., Gerth, F., & Han, C. (2026). Crisis-Dependent Linkages in Major Exchange Rates. Journal of International Financial Markets, Institutions and Money, 109, 1-30. https://doi.org/10.1016/j.intfin.2026.102333
Ahelegbey, D. F., Ibhagui, O. W., & Gerth, F. (2026). The Dollar’s Double Life: Not all Dollar Appreciations are Born Equal for the Cross-Currency Basis. The Journal of Futures Markets, 46(4), 754-772.
Gerth, F., Briggs, C. M., & Diaz, J. F. (2026). Exit and Entry Dynamics of UK Firms Following the Global Financial Crisis. Bulletin of Economic Research, 78(1), 174-188.
Gerth, F., O’Brien, M., & Briggs, C. M. (2026). Allocative Efficiency of UK firms during the Great Recession. Applied Economics Letters, 33(11), 1765-1770.
Diaz, J. F., Chua, R., & Gerth, F. (2026). Kleptocratic Circuits and Networks: How Officials, Contractors, and Cohorts Divert Public Funds Worldwide. Public Governance, Regulation and Law, 2(2), 58-69.
Tan, A., Wahab, S. N., Roche, O., & Gerth, F. (2026). Transforming Humanitarian Efforts in the Philippines through Hybrid Project Management. Journal of Humanitarian Logistics and Supply Chain Management, 1-17. https://doi.org/10.1108/JHLSCM-06-2025-0092
Diaz, J. F., Gerth, F., & Young, M. N. (2026). Long-memory Modeling and Forecasting of High-Carbon Intensity Rating Exchange-traded Funds (ETFs). FinTech and Sustainable Innovation, 2, 1-13.
Tan, A., & Gerth, F. (2026). Generational Innovation Evolution in Family Businesses: An Empirical Examination of Innovation Priorities Across Successive Generations. Journal of Family Business and Management Studies, 18(2), 35-58.
Gholipour, H. F., Yam, S., Farzanegan, M. R., Arjomandi, A., & Gerth, F. (2025). Farmland Prices and the Farming Industry’s Profitability in Australia. Applied Economics, 1-12. https://doi.org/10.1080/00036846.2025.2547112
Broby, D., & Gerth, F. (2025). Artificial Intelligence and the Limits of the Measurement of Productivity. Annals of Social Sciences & Management Studies, 12(2), 1-9.
Gerth, F., O’Brien, M., & Sikora, K. (2025). Socio-Economic Determinants of Construction Sector Development. SocioEconomic Challenges, 9(2), 78-91.
Gerth, F., Tan, A., Kwa, P., & Roche, O. (2025). Cybersecurity Job Requirements in Asian countries: An Analysis of Workforce Trends and Future Implications. Journal of Applied Economic Sciences, 20 (2, 88), 192-206.
O’Brien, M., Gollan, P., & Gerth, F. (2025). Who’s the Boss? Exploring Public and Private Wage Growth Leadership in State Level Education and Health Industries in Australia. Applied Economics Letters, 32(17), 2485-2489.
Tan, A., Wahab, S. W., & Gerth, F. (2025). Cost-Effectiveness of Implementing Sustainable Practices and Technologies in Warehousing Operations. Asian Business Research Journal, 10(11), 14-24.
Gholipour H. F., Arjomandi, A., & Gerth, F. (2024). What Drives Firms’ Intention to Prioritize Public Spending in the Energy Sector?: Evidence from Eastern Europe and Central Asia. Post-Communist Economies, 36(8), 993-1013.
Wilkinson, S., & Gerth, F. (2024). A Review of the Sustainability of Helium: An Assessment of Its Past, Present and a Zero-Carbon Future. Regional Science and Environmental Economics, 1(1), 78-103.
Yang, M., Gerth, F., Ramiah, V., & Muschert, G. (2023). The Impact of the 2019 Australian Bushfire: Financial Markets, Air Pollution, and Economic Effects. Review of Pacific Basin Financial Markets and Policies, 26(3), 1-21.
Gerth, F., & Bian, Y. (2023). The Fed’s Strategy on a Targets-based Monetary Policy Framework. Financial Economics Letters, 2(1), 22-29.
Gerth, F., & Sikora, K. (2023). The role of economic development in improvements of Cambodian housing conditions. Journal of Regional Economics, 2(1), 1-13.
Gerth, F., & Temnov, G. (2021). New Ways of Modeling Loan-to-Income Distributions and their Evolution in Time – A Probability Copula Approach. International Review of Economics and Finance, 71, 217-236.
Gerth, F., Ramiah, V., Toufaily, E., & Muschert, G. (2021). Assessing the effectiveness of Covid-19 financial product innovations in supporting financially distressed firms and households in the UAE. Journal of Financial Services Marketing, 26, 215-225.
Gerth, F., Lopez, K., Reddy, K., Ramiah, V., Wallace, D., Muschert, G., Frino, A., & Jooste, L. (2021). The Behavioural Aspects of Financial Literacy. Journal of Risk and Financial Management, 14(9), 1-16.
Madhou, A., Sewak, T., Moosa, I., Ramiah, V., & Gerth, F. (2021). Towards Full-Fledged Inflation Targeting Monetary Policy Regime in Mauritius. Journal of Risk and Financial Management, 14(3), 1-18.
Gerth, F., & Otsu, K. (2018). The Post-Crisis Slump in Europe: A Business Cycle Accounting Analysis. The B.E. Journal of Macroeconomics, De Gruyter, 18(1), 1-25.
Otsu, K., & Gerth, F. (2015). A neoclassical analysis of the Great Recession: a historical comparison. Economics Bulletin, 35(4), 2363-2373.
Gerth, F. (2025). An anatomy of interest rates: How do interest rates really work? In N. Apergis (Eds.), Encyclopedia of Monetary Policy, Financial Markets and Banking. San Diego: Elsevier.
Al-Helo, S., & Gerth, F. (2025). About the coexistence of cryptocurrency and monetary policy – A beginner’s guide to central bank digital currencies. In N. Apergis (Eds.), Encyclopedia of Monetary Policy, Financial Markets and Banking. San Diego: Elsevier.
Gerth, F. (2024). Nexus between Financial Inclusion and Economic Activity: A Study about Traditional and Non-Traditional Financial Service Indicators Determining Financial Outreach. Financial Inclusion: In Pursuit of UN SDG 8.10, G. Muschert, V. Pereira, V. Ramiah, & A. C. Doker (Eds.). Berlin: Springer.
Savagar, A., & Gerth, F. (2017). Productivity Puzzles Across Europe, Askenazy, Bellmann, Bryson, & Moreno Galbis (Eds.). Reviewed in: Economic Affairs, 37(2), 336-337.
Gerth, F., & Ramiah, V. (2021). The Future Prospect of Targets-based Monetary Policy Framework: The Case of the Fed. Centre for the Study of Global Economic Future (CSGEF).