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  • DIW Roundup 86 / 2015

    Climate Negotiations: What Can Be Expected from the Climate Summit in Paris?

    Shortly before the upcoming UN climate summit, Angela Merkel wrote in a German newspaper: “With good reason, it is expected from governments and politicians, that they do not longer close their eyes to the pressing scientific results that climate protection requires rapid and vigorous action.” She further calls for a clear negotiation outcome: “The greenhouse gas emissions do not only have to be stabilized, ...

    2015| Philipp M. Richter, Hanna Brauers
  • DIW Roundup 83 / 2015

    Productivity Growth, Investment, and Secular Stagnation

    In many advanced economies, the economic recovery from the financial crisis has been sluggish. In light of these developments, it has been argued by various economists that economic growth per capita has already been on a downward trend since the 1980s. Studies suggest that this is largely due to low productivity growth. While factors of production such as labor and capital are being used more productively ...

    2015| Guido Baldi, Patrick Harms
  • DIW Roundup 79 / 2015

    Increasing Father Involvement in Child Care: What Do We Know about Effects on Child Development?

    The time fathers spend and the activities they perform with children have risen continuously in most Western countries. Increasing father involvement in child care has also been an explicit policy objective with many European countries implementing individual parental leave entitlements for fathers. Whereas these policies mainly aimed at facilitating reconciliation of market work and family care and ...

    2015| Pia S. Schober
  • DIW Roundup 78 / 2015

    Population Ageing and Its Effects on the German Economy

    The latest long-term projection of Germany’s population implies a clear trend: even though slight growth is expected over the next decade, a decline in the future is almost inevitable. Furthermore, an ageing society combined with a low fertility rate will lead to massive shrinkage of the working-age population. What are the social and economic consequences of these developments? Is a decline in economic ...

    2015| Dirk Ulbricht, Dmitry Chervyakov
  • DIW Roundup 76 / 2015

    Global Food Security

    According to the current report on the Millennium Development Goals, the share of undernourished people living in the developing world has fallen from 23.3% in 1990-1992 to 12.9% in 2014-2016 (projection). Despite this progress towards global food security, about 795 million people worldwide (or 780 million people in developing regions) will remain undernourished in 2014-2016. Put differently, more ...

    2015| Isabel Teichmann
  • DIW Roundup 75 / 2015

    Monetary Policy and the Risk-Taking Channel

    Before the 2007 crisis, the trade-off between output and inflation played a leading role in the discussion of monetary policy. Instead, issues relating to financial stability played a less pronounced role in shaping the stance of monetary policy andwere limited to asset price dynamics. This Round-Up argues that the great interest that emerged after the 2007 crisis in the effects of monetary policy ...

    2015| Michele Piffer
  • DIW Roundup 72 / 2015

    Europe's Mechanism for Countering the Risk of Carbon Leakage

    The EU’s Emissions Trading System (EU ETS) is a regional cap-and-trade program in a world with no binding international climate agreement. This climate regulation may induce a relocation of production away from Europe, with potentially negative consequences for the European economy. This relocation could lead to carbon leakage, i.e. a shift of greenhouse gas emissions from Europe into regions with ...

    2015| Aleksandar Zaklan, Bente Bauer
  • DIW Roundup 71 / 2015

    Foreign Direct Investment and Economic Growth

    Various proposals are currently being suggested to encourage higher foreign direct investment in countries within the euro area, particularly between individual member states. The intended goal is to assist in stimulating economic growth in the euro area. Against this background, this article provides an overview of the large and heterogeneous academic literature on the influence of direct investment ...

    2015| Guido Baldi, Jakob Miethe
  • DIW Roundup 68 / 2015

    Peers at Work - a Brief Overview of the Literature on Peer Effects at the Workplace and the Policy Implications

    Individuals do not exist in isolation but are embedded within networks of relationships, such as families, coworkers, neighbors, friendships or socioeconomic groups. While there is a long tradition in sociology and anthropology focusing on theimportance of social structure, norms and culture, economists have long ignored social influences on individual behavior. Even though social influences may play ...

    2015| Clara Welteke
  • DIW Roundup 67 / 2015

    Maternal Labour Supply and All-Day Primary Schools in Germany

    The economic literature provides vast evidence of how public provision of day care for children below school age increases the labour force participation of mothers. The causal effect of all-day schooling in primary school on maternal supply has been examined less since morning-only schooling is less common in developed countries. The present article summarises the findings of (mostly) economic studies ...

    2015| Jan Marcus, Frauke H. Peter
  • DIW Roundup 66 / 2015

    The Debate about Financing Constraints of SMEs in Europe

    Small and medium-size enterprises (SMEs) are highly dependent on bank financing, which is why they have been particularly hit by tighter credit conditions in the aftermath of the global financial crisis. Given that SMEs account for about 60% of value added and 70% of employment in the euro area, they are crucial for economic recovery. Consequently, several policy initiatives have been launched to alleviate ...

    2015| Franziska M. Bremus
  • DIW Roundup 65 / 2015

    Health Consequences of Childhood and Adolescence Shocks: Is There a "Critical Period"?

    Individual health is not only determined by genetic factors, but also by negative or positive events during the life course. For example, children exposed to natural disasters or violent conflicts are more likely to have poor health as adults. Positiveexternal factors, such as nutritional programs, will, instead, improve individual health in the long-term. In turn, health can directly affect education ...

    2015| Valeria Groppo
  • DIW Roundup 61 / 2015

    Large-Scale Asset Purchases by Central Banks II: Empirical Evidence

    Not just since the European Central Bank announced the large-scale purchase of government bonds a few weeks ago, large-scale asset purchases have always been a controversially discussed topic. This DIW Roundup summarizes the measures that have been taken by central banks in Japan, USA and UK and the empirical evidence about the impacts of these measures on financial markets and the real economy.

    2015| Kerstin Bernoth, Philipp König, Carolin Raab
  • DIW Roundup 60 / 2015

    Central Bank Asset Puchases I: The Theory

    In the face of interest rates having hit their zero lower bound in major economies, large-scale asset purchases have become an important weapon of central banks in recent years. It is, however, not clear whether and under which circumstances such policy measures produce the desired effects. This round-up provides a selective overview of theoretical research that has been devoted to understand under ...

    2015| Carolin Raab, Philipp König, Kerstin Bernoth
  • DIW Roundup 59 / 2015

    The Market Stability Reserve: Is Europe Serious about the Energy Union?

    The European Union Emission Trading Scheme (EU ETS) has been implemented to provide a common climate policy instrument across European Union countries, to contribute to a credible investment perspective for low-carbon investors and support further European integration of energy markets. Thus the EU ETS is a key element of the European Energy Union.However, given the accumulation of a large surplus ...

    2015| William Acworth, Nils May, Karsten Neuhoff
  • DIW Roundup 58 / 2015

    What about the OPEC Cartel?

    The recent decision by the Organization of the Petroleum Exporting Countries (OPEC) not to decrease their output quota in spite of a drastic decline of crude oil prices has brought renewed attention to this supplier group dominating the crude oil market. However, the empirical evidence that OPEC truly acts as a textbook cartel is rather limited. This Roundup summarizes the theories proposed over the ...

    2015| Daniel Huppmann, Franziska Holz
  • DIW Roundup 55 / 2015

    Bubbles and Monetary Policy: To Burst or Not to Burst?

    The question of whether monetary policy should target asset prices remains a contentious issue. Prior to the 2007/08 financial crisis, central banks opted for a wait-and-see approach, remaining passive during the build-up of asset price bubbles but actively seeking to stabilize prices and output after they burst. The macroeconomic and financial turbulence that followed the subprime housing bubble has ...

    2015| Philipp König, David Pothier
  • DIW Roundup 53 / 2015

    Is There a Bubble in the German Housing Market?

    After a period of stagnation that lasted for almost two decades, German house prices began to grow at an accelerated pace since late 2010. Real house prices that even had been declining in 2000-2008 started to climb up steeply from the second half of 2010, followed by a recovery of construction activities. This development raised concerns about the formation of a speculative house price bubble among ...

    2015| Konstantin A. Kholodilin, Claus Michelsen, Dirk Ulbricht
  • DIW Roundup 51 / 2015

    Individual Insurance and Mutual Support Arrangements in Developing Countries

    Insurance coverage in the developing world is expanding rapidly. As recently as 2005, only a small number of commercial insurers offered insurance products that specifically targeted low-income people (‘microinsurance’). Seven years later, in 2012, more than half of the world’s 50 largest insurance companies were involved in microinsurance. International donor organizations, which identified the promotion ...

    2015| Friederike Lenel
  • DIW Roundup 48 / 2014

    The Health Effects of Retirement

    Retirement leads to changes in daily life that may affect health positively or negatively. Existing empirical evidence is inconclusive: While a few studies identify negative health effects, the majority of studies find no or positive effects of retirement on health. The mechanisms behind these effects remain unclear, as is the question of which parts of the population benefit most from retirement. ...

    2014| Peter Eibich
78 results, from 41
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