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Referierte Aufsätze Web of Science
We study a sovereign debt crisis in a small member state of a currency union. If the country exits the currency union, it may redenominate its liabilities and reduce the real value of debt through depreciation and inflation. We analyze formally how the anticipation of this possibility, “exit expectations”, impact the dynamics of the sovereign debt crisis. First, we show that public debt accumulates ...
In:
Journal of International Economics
121 (2019), 103253, 13 S.
| Alexander Kriwoluzky, Gernot J. Müller, Martin Wolf
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Referierte Aufsätze Web of Science
This paper examines the effects of substantial changes in paid parental leave on child development and socio-economic development gaps. We analyse a German reform that replaced a means-tested with an earnings-related benefit scheme. Higher-income households benefited relatively more from the reform than low-income households. The reform expanded paid leave in the first year, while it removed paid leave ...
In:
Labour Economics
61 (2019), 101754
| Mathias Hübener, Daniel Kuehnle, C. Katharina Spieß
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Referierte Aufsätze Web of Science
This study examines the causal link between individuals' occupational knowledge and educational choices as well as labor market entry. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still attending school. Exogenous variation in the establishment of JICs makes it possible to estimate intention-to-treat effects in a difference-in-differences ...
In:
Economics of Education Review
69 (2019), S. 108-124
| Nils Saniter, Daniel D. Schnitzlein, Thomas Siedler
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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
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
We are very grateful to two anonymous referees for helpful comments and suggestions on an earlier version of this article. We are also grateful to seminar participants at the Bank of Italy, Free University of Berlin, University of Naples, Humboldt University of Berlin, IAAE 2016 (Milan), 7th Ifo Conference 2016 (Munich) and EEA 2016 (Geneva), as well as to Rudi Bachmann, Christoph Große Steffen, Michael ...
In:
The Economic Journal ; 128, 616
128 (2018), 616, S. 3266-3284
| Michele Piffer, Maximilian Podstawski
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Referierte Aufsätze Web of Science
This article analyses the effects of the Federal Reserve's quantitative easing (QE) on global portfolio flows, differentiating across recipient region of the flows, type of flow and QE rounds. Furthermore, the analysis differentiates between the impact of QE expansionary announcements and the actual market operations. The analysis shows that QE1 resulted in (slight) rebalancing towards the US, while ...
In:
The Economic Journal
12, (2018), S. 330-377
| Marcel Fratzscher, Marco Lo Duca, Roland Straub
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Referierte Aufsätze Web of Science
Hedonic prices of locational attributes in urban land markets are determined by a process of spatial arbitrage that is similar to that which underpins the law of one price. If hedonic prices deviate from their spatial equilibrium values then individuals can benefit from changing locations. I examine whether the law holds for the hedonic price of rail access using a unique historical dataset for Berlin ...
In:
Urban Studies
55 (2018), 15, S. 3299-3317
| Sevrin Waights
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Referierte Aufsätze Web of Science
Early warning systems (EWSs) are widely used to assess a country’s vulnerability to fiscal distress. A fiscal distress episode is identified as a period when government experiences extreme funding difficulties. Most EWSs employ a specific set of only fiscal leading indicators predetermined by the researchers, which casts doubt on their robustness. We revisit this issue using extreme bounds analysis, ...
In:
Journal of Applied Economics
50 (2018), 13, S. 1454-1478
| Martin Bruns, Tigran Poghosyan