DIW Roundup

74 results, from 41
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
DIW Roundup 46 / 2014

Daddy Leave: Does It Change the Gender Division of Domestic Work?

How to best provide incentives for a more gender-equal division of domestic work has entered policy debates in many Western countries. Growing evidence suggests that a gender-traditional division of household labor may result in lower fertility rates and greater risk of relationship breakdown and correlates with gender employment and wage gaps. Partly in response, many European countries have implemented ...

2014| Pia S. Schober
DIW Roundup 44 / 2014

Modelling the Impact of Energy and Climate Policies

Climate change mitigation and the transformation to a global low-carbon economy is a pressing issue in policy discussions and international negotiations. The political debate is supported by the scientific community with a large number of projections, pathway simulations and scenario analyses of the global energy system and its development over the next decades. These studies are often based on numerical ...

2014| Daniel Huppmann, Franziska Holz
DIW Roundup 42 / 2014

The Controversy over the Free-Trade Agreement TTIP

A short name is causing a lasting debate: TTIP [tiːt|p]. Ever since the beginning of the negotiations in the summer of 2013, media coverage of the planned Transatlantic Trade and Investment Partnership between the EU and the US has contributed to a critical debate on the topic. In doing so, difficulties have arisen in differentiating factually substantiated arguments from one-sided statements. TTIP ...

2014| Philipp M. Richter, Greta F. Schäffer
DIW Roundup 37 / 2014

Skills Training for Entrepreneurs in Developing Countries

For most of the developing world, microenterprises are a key source of income and employment creation. For many countries the informal sector, where most of the small enterprises exist, represents over 80% of employment (ILO 2012). These businesses often have a difficult time growing. There are a number of reasons that have been put forward by policy makers and researchers for this lack of growth, ...

2014| Nathan Fiala
74 results, from 41