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The Value of a Loss: The Impact of Restricting Tax Loss Transfers

We study the economic consequences of anti-loss trafficking rules, which disallow theuse of loss carry-forwards as tax shield after a substantial ownership change. We usestaggered changes to anti-loss trafficking rules in the EU27 Member States, Norwayand United Kingdom from 1998 to 2019 and find that limiting the transfer of tax lossesreduces the number of M&As by 18%. The impairment is driven by ...

Intergenerational Transmission of Welfare Benefit Receipt: Evidence from Germany

We study the intergenerational transmission of welfare benefit receipt in Germany. We first describe the correlation between welfare receipt experienced in the parental household and subsequent own welfare receipt of young adults. In a second step, we investigate whether the observed correlations reflect causal effects of past welfare experience. We use family fixed effects estimations and Gottschalk's ...

Data Quality Control in the 6th Wave of the IAB-BAMF-SOEP Survey of Refugees, Samples M3-M6

Entrepreneurial Ecosystems in Germany: A Complexity Approach

The interplay of technology and knowledge constitutes the backbone of entrepreneurial ecosystems, crucial for fostering innovation. This study applies the economic complexity approach as a tool for quantitatively evaluating these ecosystems in German labor market regions. Our contribution to the literature involves linking comprehensive micro-datasets encompassing economic sectors and patent data...

Die Bergwirtschaft der Erde: Bodenschätze, Bergbau und Mineralienversorgung der einzelnen Länder

The Macroeconomic Consequences of Import Tariffs and Trade Policy Uncertainty

We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions on Bayesian SVARs. We find mostly adverse consequences of protectionism. Tariff shocks are more important than trade policy uncertainty shocks. Tariff shocks depress trade, investment, and output persistently, in aggregate and across ...

Buyer Power and the Effect of Vertical Integration on Innovation

Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer( s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives ...

Decline in Nominal Construction Volume Expected for the First Time since the Financial Crisis; Residential Construction Situation Worsening

High construction prices and worsened financing conditions are weighing on the construction industry, especially build-ing construction. Despite a nominal increase of six percent in construction expenses in 2023, it decreased by just over one percent in inflation-adjusted terms. In 2024, the nominal construction volume is likely to contract by around 3.5 percent, declining for the first time since ...

Energiewende in Frankreich: Ausbau Erneuerbarer stockt, Absatz von Wärmepumpen steigt deutlich

DIW Wochenbericht gibt Überblick über Stand der Energiewende in Frankreich – Treibhausgasemissionen weitgehend auf Zielpfad – Erneuerbare Energien hinken hinterher – Zahl der Wärmepumpen steigt deutlich – Atomkraft dominiert weiterhin Stromsektor – Stärkerer Fokus auf Erneuerbare wäre sinnvoll, da künftige Nutzung der Atomenergie risikobehaftet ist Ähnlich wie für Deutschland stellt die Energiewende ...

Energiewende in Frankreich: Ausbau Erneuerbarer stockt, gute Fortschritte bei Wärmepumpen

Wie für Deutschland stellt die Energiewende auch für Frankreich eine große Herausforderung dar. Dieser Bericht gibt einen Überblick über die kurz- und langfristigen Ziele sowie die derzeitigen Entwicklungen und Trends der Energie- und Klimapolitik in Frankreich. Es zeigt sich, dass die Treibhausgasemissionen derzeit weitgehend auf dem Zielpfad liegen. Auch die Installation von Wärmepumpen kommt gut ...