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Referierte Aufsätze Web of Science
This study documents empirically that contractionary US monetary policy may generate short-term expansionary spillover effects. In individual Euro Area (EA) member countries, economic activity increases, mainly via the trade channel. Also, domestic credit and stock markets expand, highlighting the importance of the financial channel. However, the international repercussions are transitory and distributed ...
In:
Journal of Banking & Finance
100 (2019), S. 77-96
| Max Hanisch
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Referierte Aufsätze Web of Science
Using panel data of 17 OECD countries for 1980–2011, we find that the distributional consequences of fiscal consolidations depend significantly on the level of private indebtedness. Austerity leads to a strong and persistent increase in income inequality during periods of private debt overhang. In contrast, there are no discernible distributional effects when private debt is low. This result is robust ...
In:
European Journal of Political Economy
57 (2019), S. 89-106
| Mathias Klein, Roland Winkler
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Referierte Aufsätze Web of Science
We analyze whether mothers’ parental leave decisions depend on their coworkers’ decisions. The identification of peer effects bears various challenges due to correlated characteristics within social groups. We therefore exploit quasi-random variation in the costs of parental leave induced by a policy reform in Germany. The reform encourages mothers to remain at home during the first year following ...
In:
Labour Economics
57 (2019), S. 146-163
| Clara Welteke, Katharina Wrohlich
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Referierte Aufsätze Web of Science
The heating sector accounts for a major part of Germanys energy consumption and carbon emissions. Both, renewable energy and power-to-heat, could help decarbonizing it. To analyse the impacts of power-to-heat and heat storage on power system development, a dynamic long-term power sector investment and dispatch model for Europe is extended to also include German individual and district heating. Findings ...
In:
Applied Energy
239 (2019), S. 560-580
| Andreas Bloess
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Referierte Aufsätze Web of Science
Does birth order shape people’s propensity to take risks? Evidence is mixed. We used a three-pronged approach to investigate birth-order effects on risk taking. First, we examined the propensity to take risks as measured by a self-report questionnaire administered in the German Socio-Economic Panel, one of the largest and most comprehensive household surveys. Second, we drew on data from the Basel–Berlin ...
In:
Proceedings of the National Academy of Sciences of the United States of America
116 (2019), 13, S. 6019-6024
| Tomas Lejarraga, Renato Frey, Daniel D. Schnitzlein, Ralph Hertwig
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Referierte Aufsätze Web of Science
The goal of this study was to identify and empirically test variables that indicate how well partners in relationships know each other's food preferences. Participants (n = 2,854) lived in the same household and were part of a large, nationally representative panel study in Germany. Each partner independently predicted the other's preferences for several common food items. Results show that predictive ...
In:
Appetite
133 (2019), S. 344-352
| Benjamin Scheibehenne, Jutta Mata, David Richter
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Referierte Aufsätze Web of Science
Carbon leakage is of interest in both academic and policy debates about the effectiveness of unilateral climate policy, especially in Europe, where the EU Emissions Trading System (EU ETS) affects many traded sectors. We review how the literature identifies leakage and the pollution haven effect. We then evaluate whether EU ETS emission costs caused carbon leakage in European manufacturing, using trade ...
In:
Journal of Environmental Economics and Management
93 (2019), S. 125-147
| Helene Naegele, Aleksandar Zaklan
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Referierte Aufsätze Web of Science
This paper studies the experience of Europe's three most liberalised railways - Sweden, Germany and Britain - in opening-up rail passenger services to competition by means of competitive tendering, and seeks to draw lessons for countries that are just starting the process, such as France. It also comments on experience of competition in the market in these and other countries (this form of competition ...
In:
Transport Policy
79 (2019), S. 11-20
| Chris Nash, Andrew Smith, Yves Crozet, Heike Link, Jan-Eric Nilsson
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Referierte Aufsätze Web of Science
Different bootstrap methods and estimation techniques for inference for structural vector autoregressive (SVAR) models identified by generalized autoregressive conditional heteroskedasticity (GARCH) are reviewed and compared in a Monte Carlo study. The bootstrap methods considered are a wild bootstrap, a moving blocks bootstrap and a GARCH residual based bootstrap. Estimation is done by Gaussian maximum ...
In:
Journal of Economic Dynamics & Control
101 (2019), S. 41-61
| Helmut Lütkepohl, Thore Schlaak
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Referierte Aufsätze Web of Science
Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks, productivity and preferences, and the financial incentives of the German public insurance schemes. The estimation uses data on male employees and an extended expectation-maximization ...
In:
Journal of Health Economics
65 (2019), S. 227-245
| Daniel Kemptner