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House Price Expectations

This study examines short-, medium-, and long-run price expectations in housing markets. At the heart of our analysis is the combination of data from a tailored in-person household survey, past sale offerings, satellite imagery on developable land, and an information treatment (RCT). As novel finding, we show that price expectations show no evidence for momentum-effects in the long run. We also do ...

Green or Greedy: The Relationship between Perceived Benefits and Homeowners’ Intention to Adopt Residential Low-carbon Technologies

Transitioning to a net-zero economy requires a nuanced understanding of homeowners’ decision-making pathways when considering the adoption of Low Carbon Technologies (LCTs). These LCTs present both personal and collective benefits, with positive perceptions critically influencing attitudes and intentions. Our study analyses the relationship between two primary benefits: the household-level financial ...

Assessing the Measurement Quality of Justice Evaluations of Earnings in Europe

How individuals perceive the fairness of their pay carries profound implications for individuals and society. Perceptions of pay injustice are linked to a spectrum of negative outcomes, including diminished well-being, poor health, increased stress, and depressive symptoms, alongside various detrimental effects in the work domain. Despite the far-reaching impact of these justice evaluations, validity ...

(Re)Integrating Radioactive Materials and Waste into a Global Sustainable Development Context

The 17 Sustainable Development Goals (SDGs) of the United Nations, established in 2015, aim to achieve global sustainability by 2030 through the improvement of environmental, social, and economic parameters. However, unlike earlier concepts such as the Agenda 21 of 1992, the SDGs overlook radioactive waste management and related challenges of radiation itself. First, we investigate the historic consideration ...

Comparison of the Environmental Impacts of Heating Systems in Chile by Life Cycle Assessment

The present study conducts a Life Cycle Assessment (LCA) to evaluate the environmental impacts of heating technologies commonly used in Chile based on six environmental indicators: Climate Change (CC), Human Toxicity (HT), Formation of Particulate Matter (PM), Formation of Photochemical Oxidants (PO), Ozone Destruction (OD), and Water Depletion (WD). Due to the extensive length of the territory studied, ...

Rising Allowances, Rising Rates — Can Growth Arise through Business Income Tax Reform despite Government Debt Limit?

The system of business income taxation consists of two instruments, namely a statutory tax rate and a depreciation allowance on investment. We will show in this paper that by acting on both instruments simultaneously it is possible to achieve both a growth and a fiscal net revenue target even in cases when a trade-off prevails when each instrument is used individually.As will be shown in the paper, ...

Is Interest Rate Hiking a Recipe for Missing Several Goals of Monetary Policy—Beating Inflation, Preserving Financial Stability, and Keeping up Output Growth?

levelsof all goods in the US and Europe rose surprisingly quickly and persistently. TheFED began in March 2022 and the ECB in July 2022 with historically unique interestrate increases to combat the wage-price spiral that had not yet begun. In this article weshow that energy, commodities and food were the main drivers of inflation. For this reason,central banks’ goal of weakening demand for labor through ...

Airbnb and Rental Markets: Evidence from Berlin

A HANK2 Model of Monetary Unions

How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK) and show in closed form that a monetary union shifts the adjustment to a shock horizontally across countries, within the brackets of the union-wide wealth distribution, rather than vertically, that is, across the brackets of the union-wide ...

Questioning Nuclear Scale-up Propositions: Availability and Economic Prospects of Light Water, Small Modular and Advanced Reactor Technologies

This paper addresses the pressing need for rapid decarbonization of energy systems by examining the role of nuclear power in future energy scenarios collected in the IPCC database. Despite their explorative character, energy scenarios can influence decision-makers or might be used to promote certain technology developments. They are increasingly subject to the integration into real-world settings and ...