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Referierte Aufsätze Web of Science
In 2020, Berlin introduced a rigorous rent-control policy responding to soaring prices by capping rents: the Mietendeckel (rent freeze). The German Constitutional Court revoked the policy only one year later. Although successful in lowering rents during its duration, the consequences for Berlin’s rental market and close-by markets are per se not clear. This article evaluates the short-term causal supply-side ...
In:
Management Science
70 (2024), 3, S. 1901-1923
| Anja M. Hahn, Konstantin A. Kholodilin, Sofie R. Waltl, Marco Fongoni
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Referierte Aufsätze Web of Science
This paper examines how wealth and income inequality dynamics are related to fluctuations in the functional income distribution over the business cycle. In a panel estimation for OECD countries between 1970 and 2016, although inequality is, on average countercyclical and significantly associated with the capital share, one-third of the countries display a pro- or noncyclical relationship. To analyze ...
In:
Macroeconomic Dynamics
27 (2023), 3, S. 571-600
| Marius Clemens, Ulrich Eydam, Maik Heinemann
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Referierte Aufsätze Web of Science
We use machine learning techniques to quantify trade tensions between the United States and China. Our measure matches well-known events in the US-China trade dispute and is exogenous to the developments on global financial markets. Local projections show that rising trade tensions leave US markets largely unaffected, except for firms that are more exposed to China, while negatively impacting stock ...
In:
Journal of Applied Econometrics
37 (2022), 6, S. 1138-1159
| Massimo Ferrari Minesso, Frederik Kurcz, Maria Sole Pagliari
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Referierte Aufsätze Web of Science
Research background: We are guided by concepts linking political trust with the perceived rank of people in the wealth hierarchy, their confidence in other people, and the means they use to learn about events at home and abroad.Purpose of the article: The aim of the article is to assess and analyse at the micro level the impact of subjective welfare, interpersonal trust and the intensity of usage of ...
In:
Oeconomia Copernicana
12 (2021), 1, S. 77-98
| Marina Yu. Malkina, Vyacheslav N. Ovchinnikov, Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
The European Commission’s Scoreboard of Macroeconomic Imbalances is a rare case of a publicly released early warning system. It was published first time in 2012 by the European Commission as a reaction to public debt crises in Europe. So far, the Macroeconomic Imbalance Procedure takes a one-size-fits-all approach with regard to the identification of thresholds. The experience of Central and Eastern ...
In:
Empirica
48 (2021), 1, S. 123–139
| Geraldine Dany-Knedlik, Martina Kämpfe, Tobias Knedlik
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Referierte Aufsätze Web of Science
This article studies housing rents in St. Petersburg from 1880 to 1917, covering an eventful period of Russian and world history. Digitizing over 5000 rental advertisements, we construct a state-of-the-art index – the first pre-war and pre-Soviet market data index for any Russian city. In 1915, a rent control and tenant protection policy was introduced in response to soaring prices following the outbreak ...
In:
Explorations in Economic History
81 (2021), 101398, 30 S.
| Konstantin A. Kholodilin, Leonid E. Limonov, Sofie R. Waltl
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Referierte Aufsätze Web of Science
A relative uniformity of population distribution on the territory of the country is of importance from socio-economic and strategic perspectives. It is especially important in the case of Russia with its densely populated West and underpopulated East. This paper considers changes in population density in Russian regions, which occurred between 1897 and 2017. It explores whether there was convergence ...
In:
Voprosy ėkonomiki : ežemesjačnyj žurnal
(2020), 11, S. 133-158
| Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
This paper studies the impact of financial investments on agricultural futures prices, using structural vector autoregressions. We identify exogenous variation in net long positions of speculators through heteroskedasticity. We first show that demand shocks of both index investors and noncommercial traders lead to a statistically significant contemporaneous increase in futures prices. We then quantify ...
In:
American Journal of Agricultural Economics
102 (2020), 3, S. 759-785
| Michael Hachula, Malte Rieth
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Referierte Aufsätze Web of Science
This article analyses how the presence of a dominant group of voters within the electorate affects voter turnout. Theoretically, we argue that its absolute size affects turnout via increased free-riding incentives and reduced social pressure to vote within a larger dominant group. Its relative size compared to other groups within the electorate influences turnout through instrumental and expressive ...
In:
Local Government Studies
45 (2019), 5, S. 724-747
| Peter Bönisch, Benny Geys, Claus Michelsen
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Referierte Aufsätze Web of Science
The article analyses the empirical relationship between bank credit risk and sovereign credit risk in the euro area, using a system of simultaneous equations identified through heteroskedasticity. We first confirm a two-way causality between both risks, which amplifies initial credit risk shocks. We also document significant credit risk spillovers between sovereigns and banks in the periphery and the ...
In:
Review of Finance
23 (2019), 4, S. 745-775
| Marcel Fratzscher, Malte Rieth