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 ...
6. Februar 2025 – Migration ist eines der zentralen Themen im Bundestagswahlkampf und wird für die nächste Bundesregierung hohe Priorität haben. Dabei geht es nicht nur grundsätzlich darum, eine offene Gesellschaft zu sein und zu bewahren, sondern auch um die Integration von ausländischen Mitmenschen und Fachkräften. Ohne deutlich mehr Arbeitskräfte wird die wirtschaftliche Transformation...
