Veranstaltungen

Die Veranstaltungen der Abteilung Makroökonomie.
10. April 2019

DIW Seminar on Macroeconomics and Financial Markets Reforms and the Real Exchange Rate: The Role of Pricing-to-Market

The paper investigates how endogenous markups affect the extent to which policy reforms can inuence international competitiveness. In a two-country model where trade costs allow for international market segmentation, we show that endogenous pricing-to-market behavior offirms acts as an important transmission channel of the policies. By strengthening the degree of competition between rms, product market deregulation at home leads to a reduction in domestic markups, which generally leads to an improvement in the international competitiveness of the Home country. Conversely, the power of competitive tax policy to depreciate the real exchange rate is dampened, as domestic firms take the opportunity of the labor tax cut to increase their markups. The variability of markups also affects the normative implications of the reforms. This indicates the importance of taking into account endogenous pricing-to-market behavior when intending to correctly evaluate the overall effects of the reforms.

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Referent/-in
  • Celine Poilly, University of Aix-Marseille, France

  • Zeit
    12:00-13:15
    Ort
    Joan Robinson Room DIW Berlin Raum 3.3.002a Mohrenstraße 58 10117 Berlin
    Ansprechpartner/-in
    im DIW Berlin
    Tel.: +49 30 89789 486
    15. Mai 2019

    DIW Seminar on Macroeconomics and Financial Markets Ambiguity Attitudes about investments: Evidence from the field

    Using an incentivized survey and a representative sample of investors, we elicit ambiguity attitudes toward a familiar company stock, a local stock index, a foreign stock index, and a crypto currency. We separately estimate ambiguity aversion (ambiguity preferences) and perceived ambiguity levels (perceptions about ambiguity), while controlling for unknown likelihood beliefs. We show that ambiguity aversion is highly correlated across different assets and can be summarized by a single underlying factor. By contrast, individuals’ perceived ambiguity levels differ depending on the type of asset and cannot be summarized by a single underlying factor. Perceived ambiguity is mitigated by financial literacy and education, while the preference component is correlated with risk aversion. Perceived ambiguity proves to be related to actual investment choices, validating our measure. Finally, our results imply that policies enhancing financial literacy and knowledge of financial markets can help stimulate equity market participation and reduce inequality, as these reduce peoples’ perceived levels of ambiguity about financial assets.

    Mehr Informationen
    Referent/-in
  • Roy Kouwenberg, Mahidol University, Bangkok

  • Zeit
    12:00-13:15
    Ort
    Joan Robinson Room DIW Berlin Raum 3.3.002a Mohrenstraße 58 10117 Berlin
    Ansprechpartner/-in
    im DIW Berlin
    Tel.: +49 30 89789 486
    6. Juni 2019

    DIW Lecture on Money and Finance Unelected Power: Technocrats and legitimacy

    with  Paul Tucker

    Referent/-in
  • Paul Tucker

  • Zeit
    12:15 bis 13:45 Uhr
    Ort
    DIW Berlin im Quartier 110 Mohrenstraße 58 10117 Berlin
    Ansprechpartner/-in
    im DIW Berlin
    Tel.: +49 30 89789 435
    Tel.: +49 30 89789 162
    Tel.: +49 30 89789 181
    17. - 18. Juni 2019

    Workshop Workshop for Women in Macroeconomics, Finance, and Economic History

    The 1st annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the DIW Berlin. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the field of Macroeconomics, Finance, and Economic History. We invite both empirical and theoretical contributions, including, but not limited to macroeconomic and financial stability, interactions between monetary policy and financial regulation, institutional change and capital market integration, and studies dealing with expectations and experience. The conference will facilitate and support the formation of professional networks among female economists across academia and policy institutions.
    Each conference day will be opened with an invited speaker followed by contributed pa-pers, discussions, and poster sessions. Additionally, invited speakers will share experiences and insights of pursuing a career in the field of Macroeconomics and Finance.

    The Keynote lectures will be given by two renowned speakers, including Raffaela Giacomini (University College London).

    There is no registration or participation fee. Accommodation, lunch buffets and a dinner will be hosted by DIW Berlin. However, travel expenses are not covered. 

    Please submit your paper or an extended abstract until March 31, 2019 in PDF format along with information on the paper title, name(s) of author(s), and contact details to wimfeh@diw.de. Authors will be informed latest by April 30, 2019. By submitting your paper and personal data, you agree that this information will be used exclusively for conference planning. After the conference, this data will be deleted. 

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    Zeit
    17. Juni 09:00 - 18:00 Uhr
    18. Juni 09:00 - 15:30 Uhr
    Ort
    DIW Berlin im Quartier 110 Mohrenstraße 58 10117 Berlin
    Ansprechpartner/-in
    im DIW Berlin
    Tel.: +49 30 89789 333
    Tel.: +49 30 89789 590
    25. Juni 2019

    Workshop European banking landscape between diversity, competition and concentration

    Organisation: Hans-Helmut Kotz und Dorothea Schäfer

    in Zusammenarbeit mit Horst Gischer, Forschungszentrums für Sparkassenentwicklung e.V.,  Lehrstuhl für Monetäre Ökonomie und öffentlich-rechtliche Finanzwirtschaft, Universität Magdeburg.

    Der Workhop findet im Rahmen des Forschungsprojekts Banking Sector Diversity: Does it matter for sector stability and SME financing? statt.

    Mehr Informationen
    Zeit
    9.30 - 17.00
    Ort
    DIW Berlin im Quartier 110 Mohrenstraße 58 10117 Berlin
    Ansprechpartner/-in
    im DIW Berlin
    Tel.: +49 30 89789 162