We develop a structural vector autoregressive framework that combines external instruments and heteroskedasticity for identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing the relevance and exogeneity condition for instruments separately using likelihood ratio tests, and facilitates the economic interpretation of the ...
Julia Rechlitz has successfully defended her dissertation on "Air Pollution Impacts and Energy Infrastructure Efficiency - Empirical Evidence with Official Micro Data". She was supervised by Prof. Dr. Christian von Hirschhausen. Congratulations!
The 2022 natural gas price spikes across Europe raised concerns regarding their distributional consequences. This paper investigates the distributional effect of price increases between and, in particular, within different income groups in Germany, accounting for different determinants of gas expenditures. The study finds that low-income households are affected the most by the gas price increase. Low-income ...
The DIW Graduate Center is pleased to offer a workshop on best practices of time management in doctoral research, taught by Dr. Simon Golin on May 4th, 2023, from 9am to 4pm. It is designed for all doctoral students and researchers at DIW who would like to improve their time management skills. The workshop can host at most 16 participants. Please register with the GC (gradcenter@diw.de) by April 2...
The DIW Graduate Center is pleased to offer a workshop on writing good texts for academic journals, taught by Tim Korver. It is designed for all doctoral students and researchers at DIW who would like to improve their English writing skills. We offer a 1.5-day course on May 8 and 9 and we can host up to 12 persons. Please register with the Graduate Center (gradcenter@diw.de) by April 28, 2023....
