Rosinen berechnen die Ökonomen des DIW zwar nicht für die Flieger während der Berlin-Blockade, aber sonst alles, was die Berliner zum Leben brauchen. Die Menschen in Berliner verlieren während der fast einjährigen Blockade ihren Humor nicht und nennen die Flugzeuge der westalliierten Luftbrücke „Rosinenbomber“. Sie versorgen die Stadt vom 26. Juni 1948 bis zum 12. Mai 1949 mit allen lebenswichtigen ...
The new US administration has a clear agenda of reducing imports to the US and attract FDI by reducing tariffs and using the proceeds for supporting investment in the US. This paper uses a dynamic two country US vs RoW model where monopolistically competitive firms make export and FDI decisions. We study how this additional FDI channel affects the impact of import tariffs on the US and RoW economy. ...
The Annual Macro Meeting of the German Economic Association (VfS) will take place on May 15-16, 2025, at DIW Berlin, providing an interdisciplinary platform for discussing current topics in macroeconomics. Leading researchers will present innovative approaches and challenges in macroeconomic theory, including topics such as the impact of expectations in heterogeneous agent models, the...
In conventional proxy VAR analysis, the shocks of interest are identified by external instruments. This is typically accomplished by considering the covariance of the instruments and the reduced-form residuals. Alternatively, the instruments may be internalized by augmenting the VAR process by the instruments or proxies. These alternative identification methods are compared and it is shown that the ...
This paper explores the effect of COVID-19 infection rates on individuals’ risk preferences using the Socio-Economic Panel (SOEP). Findings show that the spread of COVID-19 does not significantly alter risk preferences. While we do find that individuals with prior cardiovascular diseases reduce their preference for risk-taking, this zero effect is remarkably stable across subgroups of the population. ...
Aligned with the war in Ukraine, Russia has significantly withheld natural gas exports to Europe since 2021. As there are no EU-wide sanctions on imports of Russian natural gas, the Ukraine transit as well as imports via Turkey and LNG have remained active during 2022–24. However, the Russian-Ukrainian transit agreement expires at the end of 2024 and discussions about new sanctions on natural gas as ...
