We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) and conditional on data from 10/2004 through 12/2016. We apply a novel data-based identification approach of the structural shocks that allows to account for the complex interrelations within the triad of exchange rates, ...
Mit wachsendem Wohlstand steigt der Wunsch zu reisen. Daran wird sich auch künftig nichts ändern. Und das ist auch gut so – trotz Klimawandel und Pandemien. Dieser Text erschien am 28. Juni 2021 in der Zeit Online-Kolumne Fratzschers Verteilungsfragen. "Reisen ist fatal für Vorurteile, Intoleranz und Engstirnigkeit" schrieb Mark Twain. Wenn er recht hat, dann war die Pandemie keine ...
Jan Berkes has successfully defended his dissertation "Causes and Consequences of Educational Attainment and Household Decisions - Six Essays in Applied Microeconomics" supervised by Katharina Spieß (1st supervisor) and Lukas Menkhoff (2nd supervisor) at Free University Berlin. Congratulations!
Daniel Graeber has successfully (with summa cum laude!) defended his dissertation "Socio-Economic Causes and Consequences of Individual Health as well as Public Health Crises" supervised by Professor Dr. Marco Caliendo (1st supervisor) and Professor Dr. Daniel D. Schnitzlein (2nd supervisor) at University of Potsdam. Congratulations!
In Germany, 200 to 400 billion euros are inherited or donated every year. Inheritances are unevenly distributed, with wealthy households receiving far greater inheritances than poor households, and inheritances and gifts are taxed only lightly compared with earned income. As inequalities are increasing, particularly since the onset of the COVID crisis, and governments are under pressure to find...
