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Crowding of international mutual funds

On the cyclicity of the income distribution

Disentangling the effects of multidimensional monetary policy on inflation and inflation expectations in the euro area

Disentangling Covid-19, containment and mobility shocks

Fatal austerity: the economic consequences of Heinrich Brüning

Optimism gone bad? Persistent effects of traumatic economic experiences on households' investment decisions

Technological Change and Labor Market Opportunities

The role of skill-biased technological change for increasing wage inequality is well documented. Interestingly, we find that even though in Germany from 1986 to 2012 wage inequality rose, the wage penalty of a disadvantaged family background declined. Our analysis shows that this development is consistently linked to technological progress. The introduction and the use of...

Scarcity and Reuse of Collateral in the European Repo Market

Firm heterogeneity and capital markets

Mythos Atomkraft: Bill Gates irrt gleich fünffach

Dieser Gastbeitrag von Claudia Kemfert und Christian von Hirschhausen ist am 16.02.2021 im Handelsblatt erschienen. Bill Gates ist es gewohnt, recht zu haben. Doch diesmal irrt er sich gleich fünffach: Es ist keine geniale Idee, Atomenergie aus der Mottenkiste zu holen. Sie ist für den Kampf gegen den Klimawandel ungeeignet. Irrtum 1: Atomenergie ist zwar CO2-ärmer als fossile Energien, ...