-
Referierte Aufsätze Web of Science
Credit reporting systems are an important ingredient for financial markets. These systems are based upon the unique identification of borrowers, which is enabled if a compulsory national identification system exists in a country. We present evidence derived from difference-in-difference analyses on the impact of credit reporting and identification systems on financial intermediation in 172 countries ...
In:
Journal of International Money and Finance
33 (2013), S. 60-80
| Caterina Giannetti, Nicola Jentzsch
-
Referierte Aufsätze Web of Science
This article presents a quantitative assessment of the need for electricity transmission capacity investments in Germany for 2030. Congestion is analyzed and its possible relief through appropriate grid reinforcements as those described in the Ten Year Network Development Plan (TYNDP) of the European Commission. Congestion is investigated in three scenarios which differ in the location of power resources ...
In:
Energy Policy
61 (2013), S. 140-150
| Andreas Schröder, Pao-Yu Oei, Aram Sander, Lisa Hankel, Lilian Charlotte Laurisch
-
Referierte Aufsätze Web of Science
The North and Baltic Seas Grid is one of the largest pan-European infrastructure projects, increasing the potential of harnessing large amounts of renewable energy. This paper addresses the economic implications of different development scenarios of the North and Baltic Seas Grid on individual countries and stakeholders which may raise concerns about the implementation in largely nationally dominated ...
In:
Utilities Policy
27 (2013), S. 123-134
| Jonas Egerer, Friedrich Kunz, Christian von Hirschhausen
-
Referierte Aufsätze Web of Science
The paper analyses the drivers of sovereign risk for 31 advanced and emerging economies during the European sovereign debt crisis. It shows that a deterioration in countries' fundamentals and fundamentals contagion - a sharp rise in the sensitivity of financial markets to fundamentals - are the main explanations for the rise in sovereign yield spreads and CDS spreads during the crisis, not only for ...
In:
Journal of International Money and Finance
34 (2013), S. 60-82
| John Beirne, Marcel Fratzscher
-
Referierte Aufsätze Web of Science
This paper explores the causal relationship between vote outcomes in different elections. We ask: (1) Does the partisan identity of the mayor influence the voter's decision in subsequent town council elections? (2) Do voters condition their vote for the mayor on the result of the last council election? The analysis mainProd. Type: FLPly relies on a regression discontinuity design focusing on close ...
In:
European Economic Review
64 (2013), S. 1-20
| Florian Ade, Ronny Freier
-
Referierte Aufsätze Web of Science
A large literature documents that migrants are attracted to destinations that already host migrants of their same nationality (co-national pull). Drawing on aggregate migration data from Spain, detailed by country of origin and province of destination for the period 1996-2006, we find that migrants are also attracted to destinations that already host migrants from nationalities that are adjacent to ...
In:
International Review of Economics and Finance
28 (2013), S. 51-61
| Nina Neubecker, Marcel Smolka
-
Referierte Aufsätze Web of Science
This paper shows that long-term sick employees are unlikely to be very responsive to moderate monetary labor supply incentives. The paper, theoretically and empirically, evaluates the labor supply effects of cuts in statutory sick pay levels on long-term absenteeism in Germany. Cutting sick pay did not significantly reduce the average incidence and duration of sick leave periods longer than six weeks. ...
In:
Labour Economics
24 (2013), S. 277-292
| Nicolas R. Ziebarth
-
Referierte Aufsätze Web of Science
We analyse the relationship between the debt-to-GDP ratio and real per capita GDP growth for euro area members and a broader set of industrial countries by distinguishing periods of sustainable and non-sustainable debt. Thresholds for debt are theory-driven and depend on macroeconomic conditions. If the nominal interest rate exceeds nominal output growth, primary budget surpluses are required to achieve ...
In:
Journal of Macroeconomics
38 (2013), Part B, S. 481-486
| Christian Dreger, Hans-Eggert Reimers
-
Referierte Aufsätze Web of Science
The paper asks whether members of central bank decision-making committees should communicate with the public in a collegial manner, by conveying the consensus or majority view of the committee, or in an individualistic way, by providing the diversity of views among the committee members. It finds that more active as well as more consistent communication by committee members improves the predictability ...
In:
Public Choice
157 (2013), 1/2, S. 223-244
| Michael Ehrmann, Marcel Fratzscher
-
Referierte Aufsätze Web of Science
We present new cross-country evidence that reveals that during 1995-2007, government ownership of banks has been robustly associated with higher long-run growth rates. We also show that previous results suggesting that government ownership of banks is associated with lower long-run growth rates are not robust to conditioning on more "fundamental" determinants of economic growth.
In:
Economica
79 (2012), 315, S. 449-469
| Svetlana Andrianova, Panicos Demetriades, Anja Shortland