Chapter 1: In this paper, I analyze the interplay between (European) monetary policy and energy prices. Employing a Bayesian proxy structural vector autoregressive model, I establish that the ECB’s decisions have material effects on global and local energy prices. This starkly contrasts the public communication and internal assumptions of the ECB. Through Lucas-critique robust counterfactuals, I demonstrate ...
Research shows that concurrent and sequential self-administered mixed-mode designs both have advantages and disadvantages in terms of panel survey recruitment and maintenance. Since concurrent mixed-mode designs usually achieve higher initial response rates at lower bias than sequential mixed-mode designs, the former may be ideal for panel recruitment. However, concurrent designs producea high share ...
The article documents the construction of a narrative instrument for government investment, used in the paper ‘An Estimation and Decomposition of the Government Investment Multiplier’.
Health investments are vital for maintaining physical and mental well-being throughout working life, and their importance is amplified with rising retirement ages due to demographic aging. This is the first study to examine if a longer working life causally increases institutionalized health investments. We explore the impact of a German pension reform that raised the retirement age by three years...
Elke Holst ist Pionierin der Genderforschung am DIW Berlin. In einer neuen Folge des DIW-Podcasts Wirtschaft bewegt – 100 Jahre DIW Berlin spricht Holst, die 32 Jahre am Deutschen Institut für Wirtschaftsforschung (DIW) Berlin tätig war und maßgeblich den Forschungsbereich Gender Studies etablierte, über Geschlechterungleichheiten in Wirtschaft und Wissenschaft, über das von ihr mitentwickelten Mangerinnen-Barometer ...
We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general equilibrium model to the empirical responses, and we decompose the multiplier into three channels. Public investment ...
SOEP/DIW Berlin (together with ZBW, WZB, and RWI) is pleased to announce that registration is now open for the "2nd Leibniz Open Science Day 2025: Better Science for Better Policies", taking place on 27 October 2025 at the Leibniz-Association, Berlin. This year’s keynote will be delivered by Prof. Johanna Rickne (Stockholm University). The program is now available and highlights the growing role of ...
Die Regierung kann sich weder darauf einigen, Steuern zu erhöhen, noch will sie am Sozialstaat kürzen. Doch es gibt andere Möglichkeiten, um viele Milliarden zu sparen. Es herrscht ein breiter Konsens, der deutsche Staat könne sein enormes finanzielles Defizit in den kommenden Jahren nur durch eine Kombination aus höheren Steuern und weniger Ausgaben schließen. Doch das greift zu kurz. Denn es gibt ...
