BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
Mythos #1: Die EZB ist alleine verantwortlich für die niedrigen Zinsen.Fakt: Die Zinsen sind vor allem das Resultat geringer Investitionen und zu hoher Ersparnisse. Die Regierungen bestimmen den Zins mit – mehr Investitionen und Wachstum sind essentiell für einen Anstieg der Zinsen. Mythos #2: Die EZB-Geldpolitik ist eine Enteignung der deutschen Sparer.Fakt: Der Mensch ist nicht nur ...
Häufig wird behauptet, Klimaschutz koste Wirtschaftswachstum, da Jobs verloren gehen und Unternehmensgewinne sinken. Aber diese Kritik ist nicht gerechtfertigt. Kolumne Dieser Beitrag ist am 22. November 2019 der ZEIT ONLINE–Kolumne Fratzschers Verteilungsfragen erschienen. Hier finden Sie alle Beiträge von Marcel Fratzscher. Ist das Klimaschutzpaket der Bundesregierung tatsächlich ...
Occupational positions can explain an important part of the differences in pay between men and women. However, a considerable Gender Pay Gap exists even within the same occupational position. In this paper, we aim at understanding the reason for the gap within occupational positions and, therefore, investigate whether promotions lead to the same effect on earnings growth for men and women....
Structural VAR models require two ingredients: (i) Informational sufficiency, and (ii) a valid identification strategy. These conditions are unlikely to be met by small-scale recursively identified VAR models. I propose a Bayesian Proxy Factor-Augmented VAR (BP-FAVAR) to combine a large information set with an identification scheme based on an external instrument. In an application to monetary policy ...
Providing equal opportunities to all members of society independent of an individual’s socio-economic background is a major objective of German policy makers. However, evidence on the access to education suggests that opportunities of children with a non-academic family background are still unequally obstructed. When analysing the labour market implications of this social disadvantage in human capital, ...
As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to better understand which variables influence the first hiring decision and which ones influence the subsequent survival as an employer. Using the German Socio-economic Panel (SOEP), we analyze what role individual characteristics of entrepreneurs play in sustainable job creation. ...
This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism empirically. ...
