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...
The starting point of this course is a self-contained introduction to Bayesian estimation and inference. We proceed with the Bayesian estimation of reduced-form vector autoregressions, discussing popular families of prior distributions and how to sample from the resulting posterior distributions. Next, we move from reduced-form to structural VARs. We show how Bayesian inference can be implemented...
Life-course scholarship has documented the important role of educational aspirations in status attainment processes but has also revealed that parent-child mismatches in educational aspirations may negatively affect child development. However, it is unclear how parent-child mismatches in educational aspirations evolve over time. Here, we examine (1) the prevalence of mismatching aspirations across ...
Die Europäische Zentralbank (EZB) hat in ihrer heutigen Ratssitzung den Leitzins unverändert gelassen. Dazu eine Einschätzung von Marcel Fratzscher, Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin):
This paper examines the “right” geographic definition of relevant markets by analyzing how excise tax pass-through varies with local competition in the retail gasoline market of a large metropolitan city. Using a natural experiment from three unanticipated and exogenous fuel tax hikes and detailed station-level price data, we show that average pass-through is invariant to the number of nearby competitors ...
Neuzulassungen von Elektroautos in Deutschland erholen sich nach Rückgang – Neue Elektro-Pkw überwiegend in oberen Fahrzeugklassen – Ladeinfrastruktur wächst schneller als Elektroautoflotte – Fehlende politische Klarheit bremst Antriebswende – Klare Prioritätensetzung entscheidend Nach einem deutlichen Einbruch im Jahr 2024 werden in Deutschland wieder mehr Elektro-Pkw zugelassen. Dennoch entwickelt ...
