Suche

Did Automatic Exchange of Information End Bank Secrecy? Evidence from Aggregate Administrative Data

This paper evaluates the scope and coverage of the Common Reporting Standard (CRS), an international automatic exchange of information regime intended to eliminate bank secrecy and reduce cross-border tax evasion. We obtain new, aggregated CRS data from 26 countries, covering roughly 30% of the global amount reported by the OECD for the year 2022. We first show that cross-border financial wealth continues ...

Government-Made House Price Bubbles? Austerity, Homeownership, Rental and Credit Liberalization Policies, and "Irrational Exuberance" on Housing Markets

Housing bubbles and crashes are catastrophic events for economies, implying the enormous destruction of housing wealth, the risk of financial defaults, construction unemployment, and business cycle downturns. This chapter investigates whether governmental housing policies can affect the propensity of economies to build up speculative house price bubbles. Specifically, we focus on rent and credit deregulation ...

Zeit für Europa beim IWF umzudenken

Assessing the Coverage of the Automatic Exchange of Information under the CRS

The introduction of the automatic exchange of bank information under the Common Reporting Standard (CRS) marked a breakthrough in the fight against global financial secrecy. In this report, we evaluate the scope and coverage of the CRS—in a context marked by limited evidence, primarily due to restricted access to CRS data. For this purpose, we have compiled newly aggregated CRS data from 16 countries, ...

Aktivrente: Steuerentlastungen für Silver Worker

Deutschlands Bedeutung in der Weltwirtschaft: Geschichte, Gegenwart und Ausblick

Deutschland ist zurzeit die drittgrößte Volkswirtschaft der Welt. Doch die Vorstellung damit verbundener Größe ist falsch. Der deutsche Anteil an der Weltwirtschaft beträgt lediglich 4,3 %, in Kaufkraft gerechnet sogar nur 3,2 %, und er wird weiter sinken. Wirtschaftlich bedeutend sind heute allein die USA und China, Deutschland war einmal groß – vor mehr als 100 Jahren. Heute kann Deutschland nur ...

Heterogeneity in Gender Differences in Self-Reported Political Preferences, Trust, and Well-Being across 39 European Countries

Previous research suggests that women tend to self-report higher life satisfaction and happiness, lower health status and trust, and more left-leaning political preferences than men. We revisit the gender gap in these outcome variables using random-effects meta-analysis, aggregating data across 39 countries surveyed in the European Social Survey (n ≈ 500,000). Measured in Cohen’s d units, women, on ...

Worst First: Thermal Retrofits, Carbon Prices, and Inequality

The energy price crisis following Russia’s invasion of Ukraine exposed the heightened vulnerability of low-income households to rising heating costs, particularly those in energy-inefficient buildings. Using data from the German Socio-Economic Panel (SOEP), this study examines the distributional impact of heating costs across income deciles and evaluates the effectiveness of policy interventions. We ...

From Low Emission Zone to Academic Track: Environmental Policy Effects on Educational Achievement in Elementary School

Do long-term improvements in air quality influence children’s educational outcomes? This paper investigates the impact of Low Emission Zones (LEZs), which restrict access to designated areas for emission-intensive vehicles, on the educational achievement of elementary school students in Germany. Using school-level data from North Rhine-Westphalia, Germany’s most populous state, we exploit the staggered ...

From innovation to impact: How policy can support AI diffusion

Industrial strategies are not only about the development of new technologies. They also need to ensure conducive conditions for technology diffusion across the economy to unlock productivity potential. This panel draws on recent OECD research on conditions and policy levers that enable AI technology uptake and diffusion across firms. Building on this evidence, the panel will discuss key elements...