Diskussionspapiere

1854 Ergebnisse, ab 81
Diskussionspapiere 1771 / 2018

Politicians' Promotion Incentives and Bank Risk Exposure

This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt ...

2018| Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu
Diskussionspapiere 1770 / 2018

Informing Students about College: An Efficient Way to Decrease the Socio-Economic Gap in Enrollment: Evidence from a Randomized Field Experiment

Although the proportion of students enrolled in college increased in the last decades, students from non-college family backgrounds remain underrepresented in higher education around the world. This study sheds light on whether the provision of ...

2018| Frauke H. Peter, C. Katharina Spieß, Vaishali Zambre
Diskussionspapiere 1769 / 2018

Flexible Electricity Use for Heating in Markets with Renewable Energy

Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable renewable energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-source electricity sector model. ...

2018| Wolf-Peter Schill, Alexander Zerrahn
Diskussionspapiere 1768 / 2018

Legal Harmonization, Institutional Quality, and Countries' External Positions: A Sectoral Analysis

This paper analyzes links between institutional harmonization and bilateral portfolio debt and equity holdings at the sectoral level. Motivated by the action plan for the European Capital Markets Union, we examine the potential for legal ...

2018| Franziska Bremus, Tatsiana Kliatskova
Diskussionspapiere 1767 / 2018

100 Jahre deutsches Steuersystem: Revolution und Evolution

Die „Erzbergerschen Steuer- und Finanzreformen“ 1919/20 haben das deutsche Steuer- und Finanzsystem nahezu vollständig umgestaltet, modernisiert und stark ausgebaut. Wesentliche Elemente dieser Reformen haben bis heute Bestand– die Grundstrukturen ..

2018| Stefan Bach
Diskussionspapiere 1766 / 2018

Modeling Coordination between Renewables and Grid: Policies to Mitigate Distribution Grid Constraints Using Residential PV-Battery Systems

Distributed photo-voltaic (PV) generation is one of the pillars of energy transitions around the world, but its deployment in the distribution grid requires costly reinforcements and expansions. Prosumage - consisting of a household-level PV unit ...

2018| Paul Neetzow, Roman Mendelevitch, Sauleh Siddiqui
Diskussionspapiere 1765 / 2018

An Auction Story: How Simple Bids Struggle with Uncertainty

Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators ...

2018| Jörn C. Richstein, Casimir Lorenz, Karsten Neuhoff
Diskussionspapiere 1764 / 2018

Testing Identification via Heteroskedasticity in Structural Vector Autoregressive Models

Tests for identification through heteroskedasticity in structural vector autoregressive analysis are developed for models with two volatility states where the time point of volatility change is known. The tests are Wald type tests for which only the

2018| Helmut Lütkepohl, Mika Meitz, Aleksei NetŠunajev, Pentti Saikkonen
Diskussionspapiere 1763 / 2018

Prediction Based on Entrepreneurship-Prone Personality Profiles: Sometimes Worse Than the Toss of a Coin

The human personality predicts a wide range of activities and occupational choices—from musical sophistication to entrepreneurial careers. However, which method should be applied if information on personality traits is used for prediction and advice?

2018| Alexander Konon, Alexander Kritikos
Diskussionspapiere 1762 / 2018

Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models: A Review

Methods for constructing joint confidence bands for impulse response functions which are commonly used in vector autoregressive analysis are reviewed. While considering separate intervals for each horizon individually still seems to be the most ...

2018| Helmut Lütkepohl, Anna Staszewska-Bystrova, Peter Winker
Diskussionspapiere 1761 / 2018

Class Rank and Long-Run Outcomes

This paper considers a fundamental question about the school environment – what are the long run effects of a student’s ordinal rank in elementary school? Using administrative data from all public school students in Texas, we show that students with

2018| Jeffrey T. Denning, Richard Murphy, Felix Weinhardt
Diskussionspapiere 1760 / 2018

Intra-Household Risk Sharing and Job Search over the Business Cycle

This paper studies the extent to which working couples can insure one another against cyclical fluctuations in the labor market and examines the implications of joint household decision-making for cyclical fluctuations in the unemployment rate. For .

2018| Haomin Wang
Diskussionspapiere 1759 / 2018

When Shocks Become Persistent: Household-Level Asset Growth in the Aftermath of an Extreme Weather Event

With the increasing frequency and intensity of extreme weather events due to climate change, assessing the potential long-term effects of these events for affected households is critically important. This study analyzes to what extent a one-off ...

2018| Katharina Lehmann-Uschner, Kati Krähnert
Diskussionspapiere 1758 / 2018

Labor Supply under Participation and Hours Constraints

The paper extends a static discrete-choice labor supply model by adding participation and hours constraints. We identify restrictions by survey information on the eligibility and search activities of individuals as well as actual and desired hours. .

2018| Kai-Uwe Müller, Michael Neumann, Katharina Wrohlich
Diskussionspapiere 1757 / 2018

Interactions between Regulatory and Corporate Taxes: How Is Bank Leverage Affected?

Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on ..

2018| Franziska Bremus, Kirsten Schmidt, Lena Tonzer
Diskussionspapiere 1756 / 2018

The Entitlement Effect in the Ultimatum Game - Does It Even Exist?

Since the seminal paper of Hoffman et al. (1994), an entitlement effect is believed to exist in the Ultimatum Game, in the sense that proposers who have earned their role (as opposed to having it randomly allocated) offer a smaller share of the pie .

2018| Elif E. Demiral, Johanna Mollerstrom
Diskussionspapiere 1755 / 2018

Monetary Policy and Inflation Dynamics in ASEAN Economies

This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country .

2018| Geraldine Dany-Knedlik, Juan Angel Garcia
Diskussionspapiere 1754 / 2018

Macroeconomic Effects of Government Spending: The Great Recession Was (Really) Different

We estimate the effect of government spending shocks on the US economy with a time-varying parameter vector autoregression. The recent Great Recession period appears to be characterized by uniquely large impulse responses of output to fiscal shocks.

2018| Mathias Klein, Ludger Linnemann
Diskussionspapiere 1753 / 2018

Who Teaches the Teacher? A RCT of Peer-to-Peer Observation and Feedback in 181 Schools

It is well established that teachers are the most important in-school factorin determining student outcomes. However, to date there is scant robustquantitative research demonstrating that teacher training programs can havelasting impacts on student .

2018| Richard Murphy, Felix Weinhardt, Gill Wyness
Diskussionspapiere 1752 / 2018

Social Image Concerns and Welfare Take-Up

Using a laboratory experiment, we present first evidence that social image concerns causally reduce the take-up of an individually beneficial transfer. Our design manipulates the informativeness of the take-up decision by varying whether transfer ...

2018| Jana Friedrichsen, Tobias König, Renke Schmacker
1854 Ergebnisse, ab 81