Longitudinal studies have documented improvements in parents’ life satisfaction due to childbearing, followed by postpartum adaptation back to baseline. However, the details underlying this process remain largely unexplored. Based on past literature, set-point theory, and results from an exploratory sample, we investigated empirically how first childbirth affected satisfaction with specific domains ...
Owner-occupied housing costs represent an important expenditure for households and should be included in the Harmonised Index of Consumer Prices. Conceptual and practical challenges must be resolved before this can be implemented. Estimates suggest that these costs would have a small impact on monetary policy. At the same time, different degrees of home ownership in the euro area mean that their inclusion ...
Given its central role in public accountability and in the formation of expectations, it is important to reflect on ways to improve the ECB’s communication policy. Communication should not generally strive for maximum transparency. The optimum degree of transparency varies between different aspects of monetary policy and banking supervision. Although the ECB already communicates very openly with the ...
Die Inflation kehrt zurück, und zwar mit Wucht. Doch wie groß ist die Inflationsgefahr wirklich? Ein Streitgespräch zwischen dem Frankfurter Wirtschaftsprofessor Volker Wieland, Mitglied im Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, und Marcel Fratzscher. Dieses Streitgespräch erschien am 23. November 2021 im Handelsblatt Herr Fratzscher, ...
We present evidence from a repeated survey on risky asset holdings carried out on a representative sample of the German population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio rebalancing in April 2020. In May, however, individual investors started buying heavily, parallel to market recovery. The cross-section shows large differences ...
