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2025 results, from 101
  • Diskussionspapiere 1922 / 2020

    Gender Differences in Face-to-Face Deceptive Behavior

    We study the role of face-to-face interaction for gender differences in deceptive behavior and perceived honesty. In the first part, we compare women to men’s deceptive behavior using data from an incentivized income-reporting experiment with three treatments. Reporting is fully computerized in a baseline treatment but occurs face-to-face in the second and third treatment. Lies can be detected in the ...

    2020| Tim Lohse, Salmai Qari
  • Diskussionspapiere 1921 / 2020

    A Green COVID-19 Recovery of the EU Basic Materials Sector: Identifying Potentials, Barriers and Policy Solutions

    This paper explores which climate-friendly projects could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production and enhanced sorting and recycling of steel, cement, aluminium and plastics are combined with insights from interviews ...

    2020| Olga Chiappinelli, Timo Gerres, Karsten Neuhoff, Frederik Lettow, Heleen de Coninck, Balázs Felsmann, Eugénie Joltreau, Gauri Khandekar, Pedro Linares, Jörn Richstein, Aleksander Śniegocki, Jan Stede, Tomas Wyns, Cornelis Zandt, Lars Zetterberg
  • Diskussionspapiere 1920 / 2020

    Subgroup Analysis of Investment Constraints: Evidence from Ugandan Microenterprises

    This study examines the effect of a soft commitment device in the form of a savings goal calendar on savings for small business owners in Kampala, Uganda. We run a randomized controlled trial (RCT) under which the treatment group receives a calendar designed to set savings goals and to make a plan to reach this goal. The control group is given a plain calendar. We find no average effect on savings, ...

    2020| Helke Seitz
  • Diskussionspapiere 1919 / 2020

    Savings Goal Calendars as Soft Commitment Devices: Evidence from Small Business Owners in Uganda

    This study examines the effect of a soft commitment device in the form of a savings goal calendar on savings for small business owners in Kampala, Uganda. We run a randomized controlled trial (RCT) under which the treatment group receives a calendar designed to set savings goals and to make a plan to reach this goal. The control group is given a plain calendar. We find no average effect on savings, ...

    2020| Antonia Grohmann, Tabea Lakemann, Helke Seitz
  • Diskussionspapiere 1918 / 2020

    Common Ownership in the US Pharmaceutical Industry: A Network Analysis

    We investigate patterns in common ownership networks between firms that are active in the US pharmaceutical industry for the period 2004-2014. Our main findings are that “brand firms” — i.e. firms that have R&D capabilities and launch new drugs — exhibit relatively dense common ownership networks with each other that further increase significantly in density over time, whereas the network of “generic ...

    2020| Albert Banal-Estanol, Melissa Newham, Jo Seldeslachts
  • Diskussionspapiere 1917 / 2020

    Corruption and Cheating: Evidence from Rural Thailand

    This study tests the prediction that perceived corruption reduces ethical behavior. Integrating a standard “cheating” experiment into a broad household survey in rural Thailand, we find clear support for this prediction: respondents who perceive corruption in state affairs are more likely to cheat and, thus, to fortify the negative consequences of corruption. Interestingly, there is a small group of ...

    2020| Olaf Hübler, Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
  • Diskussionspapiere 1916 / 2020

    Pipes, Taps and Vendors: An Integrated Water Management Approach

    This paper applies a microeconomic-based stylized model to identify the optimal modal split of water supply infrastructure in regions of the Global South against the background of the Sustainable Development Goal (SDG) No. 6. We assume a linear city, with some plausible assumptions on income and willingness-to-pay, and then calculate the optimal tap density, leading in turn to an optimal modal split ...

    2020| Georg Meran, Markus Siehlow, Christian von Hirschhausen
  • Diskussionspapiere 1915 / 2020

    Foreign Exchange Intervention: A New Database

    We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that ...

    2020| Marcel Fratzscher, Tobias Heidland, Lukas Menkhoff, Lucio Sarno, Maik Schmeling
  • Diskussionspapiere 1914 / 2020

    The Relationship between Financial Literacy and Financial Inclusion

    About two billion people in the world do not own a financial account and there are many more who use financial services only occasionally. In the past, initiatives which address these problems of financial exclusion focused on the supply side of financial markets, in particular by increasing the branch network of banks and by offering cheap bank products. While this had the desired effect, recent ...

    2020| Antonia Grohmann, Lukas Menkhoff
  • Diskussionspapiere 1913 / 2020

    An Alternative Bootstrap for Proxy Vector Autoregressions

    We propose a new bootstrap for inference for impulse responses in structural vector autoregressive models identified with an external proxy variable. Simulations show that the new bootstrap provides confidence intervals for impulse responses which often have more precise coverage than and similar length as the competing moving-block bootstrap intervals. An empirical example shows how the new bootstrap ...

    2020| Martin Bruns, Helmut Lütkepohl
  • Diskussionspapiere 1912 / 2020

    Financial Literacy and Intertemporal Arbitrage

    We study the role of financial literacy for inter-temporal decision-making using an adapted version of the Convex Time Budget Protocol (Andreoni and Sprenger 2012). While we find no evidence of dynamically inconsistent preferences in the aggregate, we document substantial heterogeneity in choice-patterns and estimated parameters at the individual-level: We find that subjects with higher levels of financial ...

    2020| Luis Oberrauch, Tim Kaiser
  • Diskussionspapiere 1911 / 2020

    Machine Predictions and Human Decisions with Variation in Payoffs and Skills

    Human decision-making differs due to variation in both incentives and available information. This generates substantial challenges for the evaluation of whether and how machine learning predictions can improve decision outcomes. We propose a framework that incorporates machine learning on large-scale administrative data into a choice model featuring heterogeneity in decision maker payoff functions ...

    2020| Michael Allan Ribers, Hannes Ullrich
  • Diskussionspapiere 1910 / 2020

    Transition Risks and Opportunities in Residential Mortgages

    A range of studies has analysed how climate-related risks can impact financial markets, focusing on equity and corporate bond holdings. This article takes a closer look at transition risks and opportunities in residential mortgages. Mortgage loans are important from a financial perspective due to their large share in banks’ assets and their long credit lifetime, and from a climate perspective due to ...

    2020| Franziska Schütze
  • Diskussionspapiere 1909 / 2020

    Kurzarbeit and Natural Disasters: How Effective Are Short-Time Working Allowances in Avoiding Unemployment?

    There is substantial evidence on the effectiveness of short-time work on reducing unemployment. However, no study looks at its role during natural disasters. This article exploits the exogenous nature of the 2013 European floods to assess if the impact depends on the quality of the short-time work mechanism across affected counties. We use regression discontinuity designs to show that unemployment ...

    2020| Julio G. Fournier Gabela, Luis Sarmiento
  • Diskussionspapiere 1908 / 2020

    Firm Financing and the Relative Demand for Labor and Capital

    During both the 2008 and the COVID crises, aggregate employment in Europe and the US fell despite continuing growth in the aggregate capital stock. Using more than one million firm-year observations of small and medium European firms between 2003 and 2018, this paper introduces new stylized facts on how firms’ relative demand for labor and capital evolved as their capital structure adjusted to the ...

    2020| Khalid ElFayoumi
  • Diskussionspapiere 1907 / 2020

    Better off without the Euro? A Structural VAR Assessment of European Monetary Policy

    Modern OCA theory has developed different conclusions on when forming a currency union is beneficial. An important pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger. The synthetic doppelganger is composed ...

    2020| Jan Philipp Fritsche, Patrick Christian Harms
  • Diskussionspapiere 1906 / 2020

    Exchange Rates and the Information Channel of Monetary Policy

    We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock component and a central bank information shock component. We identify both components using changes in interest rate futures and in exchange rates around monetary policy announcements. While the volatility of interest rate surprises declines around the Great Recession, the volatility of ...

    2020| Oliver Holtemöller, Alexander Kriwoluzky, Boreum Kwak
  • Diskussionspapiere 1905 / 2020

    A Simple Instrument for Proxy Vector Autoregressive Analysis

    A major challenge for proxy vector autoregressive analysis is the construction of a suitable instrument variable for identifying a shock of interest. We propose a simple proxy that can be constructed whenever the dating and sign of particular shocks are known. It is shown that the proxy can lead to impulse response estimates of the impact effects of the shock of interest that are nearly as efficient ...

    2020| Lukas Boer, Helmut Lütkepohl
  • Diskussionspapiere 1904 / 2020

    Local Power Markets

    In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local power markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local power markets. We show that local power markets with peer-to-peer trading are competitive and ...

    2020| Pio Baake, Sebastian Schwenen, Christian von Hirschhausen
  • Diskussionspapiere 1903 / 2020

    COVID-19: A Crisis of the Female Self-Employed

    We investigate how the economic consequences of the pandemic, and of the government-mandated measures to contain its spread, affected the self-employed relative to employed individuals in Germany and, secondly, to what extent the female self-employed were more strongly hit than their male counterparts. For our analysis, we use representative, real-time survey data where respondents are asked about ...

    2020| Daniel Graeber, Alexander S. Kritikos, Johannes Seebauer
2025 results, from 101
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