This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Charlotte will summarize the methodology of textmining for information retrieval, different techniques, advantages and disadvantages. Primarily, she will be discussing the textmining procedure she undertook to develop and verify a database about the merger level characteristics and Commission...
In this study, Bayesian inference is developed for structural vector autoregressive models in which the structural parameters are identified via Markov-switching heteroskedasticity. In such a model, restrictions that are just-identifying in the homoskedastic case, become over-identifying and can be tested. A set of parametric restrictions is derived under which the structural matrix is globally or ...
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 common approach, a substantial number of methods have been proposed for making joint inferences about the complete impulse response paths up to a given horizon. ...
Recent proposals for a still missing European deposit insurance scheme (EDIS) argue in favor of a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank default to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more effective in stabilizing real activity, credit, and welfare than a national fiscal backstop. We demonstrate ...
Dieser Gastbeitrag ist am 19. Mai 2020 in der WELT erschienen. Die Corona-Krise schürt die tief sitzenden Urängste vieler Deutscher vor einer Explosion der Staatsverschuldung und einer Hyperinflation. Nicht wenige warnen in Angesicht der riesigen Wirtschaftshilfen der Bundesregierung vor Schulden, die uns ruinieren könnten. Dies sollte jedoch unsere geringste Sorge sein. Auch wenn es ...
Studie auf Basis des Berliner-Studienberechtigten-Panels (Best Up) – Bachelorstudierende wurden über Nutzen und Finanzierung eines Masterstudiums informiert – Männer schätzen im Anschluss Perspektiven mit Bachelorabschluss allein höher ein als zuvor, kein Effekt bei Frauen – Informationsangebote sollten ausgebaut werden Online-Informationen zum Masterstudium verändern ...
Currently, the European Commission intends to increase the EU’s 2030 climate target. Instead of a 40 percent target, greenhouse gas emissions would be reduced by 50 to 55 percent compared to 1990 levels; the European Parliament is even considering a 65-percent reduction. The European Emissions Trading System (EU ETS) sectors should make an appropriate contribution to this reduction. However, decisive ...
