Friedrich Kunz
Berlin,
18.09.2012
| Brown Bag Seminar of the Sustainability Cluster: Integrating Intermittent Renewable Wind Generation: Insights from a Stochastic Electricity Market Model
Ansgar Belke, Christian Dreger
Berlin,
17.09.2012
- 18.09.2012| Intra-European Imbalances, Global Imbalances, International Banking, and International Financial Stability: International Conference of the DIW Berlin and IEP, University Leipzig
This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an increase in the relative size of more productive firms. We show how the relative importance of these effects,...
Philipp M. Richter, Udo Kreickemeier
Leuven, Belgien,
13.09.2012
- 15.09.2012| ETSG 2012: Fourteenth Annual Conference
Andrea Schäfer, Ingrid Tucci, Karin Gottschall
Cambridge, Großbritannien,
12.09.2012
- 14.09.2012| Stratification and Its Consequences: Social Stratification Research Seminar 2012, University of Cambridge
Markus M. Grabka, Joachim R. Frick, Anika Rasner, Marian Schmitt, Morten Schuth, Christian Westermeier
Bonn,
12.09.2012
- 15.09.2012| Alternsforschung: Transnational und translational: Gemeinsamer Gerontologie- und Geriatriekongress 2012
Given the growing dissatisfaction with exclusion and long-run restrictions in structural vector autoregressive analysis, sign restrictions are becoming increasingly popular. So far there are no techniques for validating the shocks identified via such restrictions. Although in an ideal setting the sign restrictions specify shocks of interest, sign restrictions may be invalidated by measurement...
Helmut Lütkepohl, Aleksei Netsunajev
Rom, Italien,
11.09.2012
| Workshop on "New Developments in Econometrics and Time Series"
This study examines cognitive and non-cognitive skills and their transmission from parents to children as one potential candidate to explain the intergenerational link of socio-economic status. Using representative data from the German Socio-Economic Panel Study, we contrast the impact of parental cognitive abilities (fluid intelligence, crystallized intelligence) and personality traits (Big Five,...
Silke Anger
Göttingen,
09.09.2012
- 12.09.2012| Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts: Jahrestagung des Vereins für Socialpolitik 2012
Futures instead of forwards are used to study the complete maturity spectrum of the correlations between the spot returns and premium from two days up to six months. The correlation decreases with increasing maturity. We hypothesize this maturity effect is part of a latent factor. Futures data allow us to control for the influence of an unobserved factor that can be decomposed into this time-to...
Kerstin Bernoth, Jürgen von Hagen, Casper G. de Vries
Göttingen,
09.09.2012
- 12.09.2012| Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts: Jahrestagung des Vereins für Socialpolitik 2012
In this study we investigate the impact of the thin capitalization rule (TCR), introduced in Germany in 2008, on firms' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in the regulation using a difference-in-difference approach. Our results present evidence that firms strongly react in order to avoid the limited deductibility...
Hermann Buslei, Martin Simmler
Göttingen,
09.09.2012
- 12.09.2012| Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts: Jahrestagung des Vereins für Socialpolitik 2012
This paper estimates the effect of political power on tax policies in municipal councils under a proportional election system. The main challenge in estimating the causal effect of parties on policy is to isolate the effect of power from underlying voter preferences and the selection effect of parties. We use an instrumental variable approach where close elections provide the exogenous variation...
Ronny Freier, Christian Odendahl
Göttingen,
09.09.2012
- 12.09.2012| Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts: Jahrestagung des Vereins für Socialpolitik 2012