I am interested in macro, international economics, macro-finance. Given i get admitted to both, with full funding, which one should i choose? I know Frankfurt is very big in macro, but how about DIW/BDFEMS? I prefer Berlin (city-wise) over Frankfurt 1923838 times but as someone who isn't so interested in academia but rather at policy institutes / central banks, this is a tough decision for me. Phd is a grueling process so i think where i live matter in terms of my quality of life but also i understand some location advantage of Frankfurt cannot be ignored and their job placement history is quite impressive and pretty much what i want after graduating... help will be much appreciated.