Search

Managing Public Debt and Economic Challenges

Join us for an insightful presentation on the global impact of COVID-19 on public debt and the challenges it poses for policymakers. This lecture explore the effectiveness of different approaches to reducing debt-to-GDP ratios, considering econometric analyses and historical experiences. Followed by a discussion. Key findings include: Fiscal consolidations: Timely and well-designed fiscal...

Selective Bond Purchases – May the ECB Chose Winners and Losers?

The European Central Bank (ECB) is currently facing major challenges. Fragmentation of government bond yields across Member States of the European Economic and Monetary Union, based on different economic and fiscal policies, hampers a uniform transmission of monetary policy. At the same time, climate-related financial risks need to be addressed. In recent years, the ECB is meeting these challenges ...

Viral Shocks to the World Economy

We construct a global index of epidemic news based on text analysis of newspapers from 17 countries. We apply the index to study the economic consequences of epidemics on the world economy in structural vector autoregressions. Epidemic shocks exert significantly and persistently negative effects on output and prices that last for up to two years. There is no quick recovery and no overshooting. The ...

In Reply: Letters to the Editor Attitudes Toward Mandatory COVID-19 Vaccination in Germany: A Representative Analysis of Data from the Socio-economic Panel for the Year 2021

Subjective Well-being as a Complex System: A Psychometric Network Analysis Perspective

Subjective well-being (SWB) is a complex multidimensional construct with manifold positive implications. However, research on the structure of SWB faces some challenges, as empirical results regarding the popular tripartite model of SWB are inconclusive, and domain satisfaction is often not sufficiently considered when analyzing the structure of SWB. Furthermore, since the different SWB components...

DIW Economic Outlook: German Economy Fighting Its Way out of Winter Recession

The German economy has returned to a recovery course following a slight recession over the winter. Although the war in Ukraine, record inflation, and feared gas shortages have taken their toll on the German economy, a drastic slump failed to materialize. The German economy remained relatively unscathed, only experiencing a slight recession over the past six months; in the final quarter of 2022 and ...

Workshop Series in August: Learn to use SOEP over lunch

In August the SOEP organizes another online SOEPcampus workshop "Learn to use SOEP over lunch". On four Wednesdays in August (2nd, 9th, 16th, 23rd, 2023) this online workshop series offers a short online introduction to the data of the Socio-economic panel study. Participants will be introduced to the content of the study, its data-structure, sample selection and weighting strategy and they will be ...

Workshop Series in August: Learn to use SOEP over lunch

In August the SOEP organizes another online SOEPcampus workshop "Learn to use SOEP over lunch". On four Wednesdays in August (2nd, 9th, 16th, 23rd, 2023) this online workshop series offers a short online introduction to the data of the Socio-economic panel study. Participants will be introduced to the content of the study, its data-structure, sample selection and weighting strategy and they will be ...

The renewable energy pool – answers to 13 concerns raised

1. The number of beneficiaries would be small due to the initially limited sacle of RE pool, this could discriminating against others. 2. Consumers outside the RE pool must expect higher prices if electricity supply to RE pool is removed from the market. 3. If the state simultaneously acts as the sole buyer and seller of long-term contracts for new wind and solar energy, liquidity could be drained ...

De-Fueling Externalities: How Tax Salience and Fuel Substitution Mediate Climate and Health Benefits

This paper provides a comprehensive evaluation of the world’s largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average re- ductions in external damages of around 80 billion Euros. We further show that the eco-tax induced low-carbon innovation and document much stronger ...