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Referierte Aufsätze Web of Science
In conventional structural vector autoregressive models it is assumed that there are at most as manystructural shocks as there are variables in the model. It is pointed out that heteroskedasticity can beused to identify more shocks than variables. Results are provided that allow a researcher to assesshow many shocks can be identified from specific forms of heteroskedasticity.
In:
Economics Letters
195 (2020), 109458, 4 S.
| Helmut Lütkepohl
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Referierte Aufsätze Web of Science
We document gaps in day care enrolment by family background in a country with a universal day care system (Germany). Research demonstrates that children of parents with lower educational attainment and children of migrant parents may benefit the most from day care, making it important to understand why such enrolment gaps exist. We use a unique data set that records both parental demand for day care ...
In:
Journal of Public Economics
190 (2020), 104252, 12 S.
| Jonas Jessen, Sophia Schmitz, Sevrin Waights
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Referierte Aufsätze Web of Science
We assess whether compliance with Basel III’s main requirements, the Net Stable Funding Ratio (NSFR) and the risk-weighted Total Capital Ratio (TCR), matters for lending and stability of African banks. Banks with an NSFR or a TCR of at least the required minimum are defined as treatment group in the endogenous treatment estimations. Our results reveal that African banks complying with the capital threshold ...
In:
Journal of International Financial Markets, Institutions & Money
67 (2020), 101201, S. 1-20
| Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
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Referierte Aufsätze Web of Science
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...
In:
Journal of International Economics
123 (2020), 103308, 16 S.
| Marcel Fratzscher, Christoph Große Steffen, Malte Rieth
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Referierte Aufsätze Web of Science
Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable re-newable energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-sourceelectricity sector model. We find that flexible electric heaters generally increase the use of generation tech-nologies with low variable costs, which are not necessarily renewables. ...
In:
Applied Energy
266 (2020), 114571, 18 S.
| Wolf-PeterSchill, AlexanderZerrahn
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Referierte Aufsätze Web of Science
This article analyzes the spatio-temporal effect of the 2013 floods on freight traffic in Germany by using automatic traffic counter data. The methodology uses a proven time-series outlier detection and identification technique to endogenously determine if a counter was affected during the flood and estimate the magnitude and duration of the change in the number of vehicles passing through it. This ...
In:
Transportation Research Part D: Transport and Environment
82 (2020), 102274, 22 S.
| Julio G. Fournier Gabela, Luis Sarmiento
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Referierte Aufsätze Web of Science
Climate-related asset stranding refers to the depreciation of assets – such as resource reserves, infrastructure, or industries – resulting from the unanticipated changes, such as the tightening of climate policies. Although developing countries – especially fossil-fuel exporters – may be most concerned by this issue, its analysis in development (economics) has so far been limited.We aim at enhancing ...
In:
World Development
130 (2020), 104947, 17 S.
| Dawud Ansari, Franziska Holz
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Referierte Aufsätze Web of Science
This paper focuses on the identification of the causal relationship between central banks' supervisory guidance and individual bank stability. We propose and test the hypothesis that this causal relationship is mediated by the degree to which banks comply with their central bank's corporate governance recommendations. Specifically, we exploit the fact that there is considerable cross-country heterogeneity ...
In:
Emerging Markets Review
43 (2020), 100694, 19 S.
| Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
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Referierte Aufsätze Web of Science
While several studies suggest that stress-related mental health problems among school children are related to specific elements of schooling, empirical evidence on this causal relationship is scarce. We examine a German schooling reform that increased weekly instruction time and study its effects on stress-related outpatient diagnoses from the universe of health claims data of the German Social Health ...
In:
Journal of Health Economics
70 (2020), 102256, 13 S.
| Jan Marcus, Simon Reif, Amelie Wuppermann, Amélie Rouche
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Referierte Aufsätze Web of Science
A regime shift toward increased inflation expectations is credited with jump-starting the recov- ery from the Great Depression in the United States. What role did inflation expectations play in Germany that experienced a similarly successful economic upturn in the 1930s? We study infla- tion expectations in the German recovery across several methods: we conduct a narrative study of media sources; we estimate ...
In:
Explorations in Economic History
75 (2020), 101305, 18 S.
| Volker Daniel, Lucas ter Steege