6 CREATES ANNUAL REPORT 2016 6. External Funding For the funding period 2007-2017, the Board of the Danish National Research Foundation has granted CREATES approximately DKK 80m CREATES members have been very active in attracting additional funding from various private, public, and international sources and to date approximately 83m DKK have been granted, that is double up on the grant from the Danish National Research Foundation. A full review of external funding is given in Section D of the Appendix. Figure 4. External funding of CREATES activities accruing to each year. 3 9000 External funding by spending year, 1000 DKK 8000 7000 6000 5000 4000 3000 2000 1000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Figure 4 displays the external funding accruing to each year 2007-2016. As seen there has been a steady trend in the attraction of and spending of external funds over the lifetime of CREATES. This is very promising for the future prospects of CREATES funding opportunities after embedment in the department. 7. Recruitment Strategy and Gender Strategy Recruitment Strategy The recruitment policy and gender strategy in connection with openings at CREATES follow the general policy of the host institution, Department of Economics and Business Economics. Competitive openings at all levels from postdocs and assistant professorships to full professor positions are called internationally. To the extent that it is possible, calls are made with fields being as broad as possible in order to ensure the strongest possible pool of applicants. All positions with tenure and tenure-track are called at the departmental level and the final selection is a departmental management decision. For non-tenured and fixed-term positions, primarily postdoc positions, the center director in collaboration with tenured faculty of the center makes the recruitment decision. At the postdoc and assistant professor level, international calls are coordinated with the annual North American job market conference (AEA-ASSA), which takes place in the first week of January each year. Following the call, interviews of selected candidates are made during the 3-4 days of the conference. Amongst the interviewed candidates a limited number of candidates are invited for fly-out and campus visit with the purpose of further interviews and presentation of the jobmarket paper of the candidates. Based on the interviews, which may also include local applicants, job offers are being given. Often postdocs bring their own funding from external sources such as the Council for Independent Research (FSE). Gender Strategy 3 The grant from the Danish National Research Foundation, and the 14m DKK grant to support data infrastructure are excluded in the figure. CREATES Annual Report 2016 The Danish National Research Foundations Center for Research in Econometric Analysis of Time Series, CREATES 1 CREATES ANNUAL REPORT 2016 1. The Final Year as a DG Center of Excellence This report is the final full year annual report of CREATES Center for Research in Econometric Analysis of Time Series. CREATES started its activities as a DG Center of Excellence in April 2007. Following a peer-reviewed 2 CREATES ANNUAL REPORT 2016 Table 1. Prioritized list of the most prestigious publication sources within CREATES' research area # Journal 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Forth.** Total General Econometrics 1 Econometrica Journal of American Statistical Association 2 3 CREATES ANNUAL REPORT 2016 A new field on the research agenda is concerned with the analysis of climate data by use of econometrics tools. Traditionally, statistical methods have played a relatively minor role in climate research and it seems natural to combine econometric time series methods in 4 CREATES ANNUAL REPORT 2016 Table 2. CREATES affiliates and funding sources, man-years (årsværk), 2016 DG/CREATES Host institution External funding 1 Other sources 2 Total Domestic Research Fellows 1,0 13.6 3.5 0.2 18,3 International Research Fellows 0.2 0.0 0.0 0.0 0.2 Visiting 5 CREATES ANNUAL REPORT 2016 Figure 1. The development in total number of man-years (årsværk), 2008-2016 40 35 30 25 DG/CREATES 20 Host Institution 15 External Funding 10 5 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 Figure 2. The development in man-years (årsværk) for postdoctor 6 CREATES ANNUAL REPORT 2016 6. External Funding For the funding period 2007-2017, the Board of the Danish National Research Foundation has granted CREATES approximately DKK 80m CREATES members have been very active in attracting additional funding from various private, public, and international s 7 CREATES ANNUAL REPORT 2016 The host institution Department of Economics and Business Economics does not have a gender strategy as such. In connection with job openings, the best candidates, regardless of gender, will be chosen amongst the qualified candidates. Generally, the fields of economics 8 CREATES ANNUAL REPORT 2016 9. Directors Signature (Ved underskriften bekræftes det, at beretning og regnskab med tilhørende noter og oversigter indeholder alle relevante oplysninger, som vedrører årets primære aktiviteter i Danmarks Grundforskningsfonds Center for Tidsrækkeøkonometri.) To my kno