Public debt has reached historically high levels in many advanced economies and continues to grow at an unprecedented pace. This development has brought questions of fiscal sustainability, macroeconomic stability, and the appropriate conduct of monetary and fiscal policy to the forefront of policy debates worldwide. This five-lecture course investigates the mechanisms and conditions under which...
Homeownership has declined among younger generations in most European countries. A common assumption is that this trend is increasingly stratified by parental homeownership, due to worsening affordability and the growing importance of parental financial support. In this study, we show that this assumption does not hold for the average European. Using data from EU-SILC 2011 and 2019 across 27 European ...
Young job seekers commonly misperceive training returns; we test whether these beliefs misalign choices between two widely offered tracks—job-skills and business-skills training for young women in Liberia. We reassign 30 percent of the applicants from an oversubscribed job-skills program to business-skills and compare them to applicants who remain in their preferred track. In the short run, reassigned ...
A rapid transition from combustion engines to electric vehicles is essential for climate protection in road transport. This report highlights current trends in electric mobility in Germany based on data from the Open Energy Tracker platform. Although new registrations of electric passenger cars and commercial vehicles have recently increased, overall, electric mobility is still developing slowly. Newly ...
