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Financial Repression in General Equilibrium: The Case of the United States, 1948–1974

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a New Keynesian model with financial repression. Based on U.S. data for the period 1948–1974, we find, consistent ...

Geflüchtete in Deutschland: Hürden zur Gesundheitsversorgung und zu Hilfen sehr hoch

Drei Studien auf Basis der IAB-BAMF-SOEP-Befragung von Geflüchteten – Durch Änderung des Asylbewerberleistungsgesetzes dürfte sich Wartezeit auf reguläre Gesundheitsversorgung für Geflüchtete auf zwei Jahre verdoppeln – Inanspruchnahme von Hilfen zur Integration bei Geflüchteten ungleich verteilt – Zentrale Mittelmeerroute weltweit der tödlichste Fluchtweg Ende Februar wurde das Asylbewerberleistungsgesetz ...

Fluchterfahrungen und Unterstützung nach der Ankunft: Editorial

Establishing a Probability Sample in a Crisis Context: The Example of Ukrainian Refugees in Germany in 2022

Following Russia’s invasion of Ukraine in early 2022, more than one million refugees have arrived in Germany. These Ukrainian refugees differ in many aspects from Germany’s past forced migration experiences and there exists an urgent need for sound data and information for politics, practitioners, and academics. In response, the IAB-BiB/FReDA-BAMF-SOEP study was established to provide high-quality ...

Schooling and Self-Control

While there is an established positive relationship between self-control and education, the direction of causality remains a matter of debate. We make a contribution to resolving this issue by exploiting a series of Australian and German educational reforms that increased minimum education requirements as a source of exogenous variation in education levels. Instrumental variables estimates suggest ...

Distributional Effects of Macroeconomic Policies in Europe

Political measures at the level of the European Union are intended, among other things, to ensure the stability of the economic and monetary union. This includes, for example, the establishment of the European Recovery Fund, which can be a first step towards a fiscal union in the Eurozone. The project examines how these, and other economic policy measures affect inequality between households. The...

The Cost of Fair Pay: How Child Care Work Wages Affect Formal Child Care Hours, Informal Child Care Hours, and Employment Hours

The debate on the effects of child care policies on household and individual behavior is substantial but lacks a discussion of the unintended consequences of rising wages in the child care work sector. To address this gap in the debate, the relation between rising pay and formal child care hours, informal child care hours, and employment hours is analyzed empirically with a case study on child care ...

Supplementary indicators towards climate targets

In the lead up to COP28, particularly with the global stock take underway, it becomes important to consider additional indicators and targets toward the achievement of an inclusive transition to climate neutrality. We would like to discuss, if this could deliver a set of benefits: First, many climate targets only monitor broad sectoral level emission reductions. They focus on the political...

Policy options to enhance circularity

The European Union’s Circular Economy Action Plan (2020) introduced initiatives to establish a coherent product policy framework focusing on the entire life cycle of products. This Action Plan targets regulations on product design to promote circular economy processes and reduce of waste creation. Together with the subsequent Sustainable Product Regulation and further revisions of regulations on...

Dennis Gaus has successfully defended his dissertation

Dennis Gaus, who works at the Energy, Transportation, Environment department, has successfully defended his dissertation at Technische Universität Dresden. The dissertation with the title "Highway Infrastructure and its Maintenance: Economic Effects on Regions and Firms in Germany" was supervised by Prof. Dr. Georg Hirte and Prof. Dr. Christian Leßmann. We congratulate Dennis on his success ...