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Refereed essays Web of Science
Exploiting the heteroskedasticity of the changes in short-term and long-term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and macro variables. The first shock resembles a conventional monetary policy shock, and the second resembles an ...
In:
Oxford Bulletin of Economics and Statistics
(2026), im Ersch. [online first: 2026-04-20]
| Oliver Holtemöller, Alexander Kriwoluzky, Boreum Kwak
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Refereed essays Web of Science
Arrivals of crises often trigger public appeals from policy leaders, attempting to encourage crisis-mitigating behaviors. We ask whether the tone of an appeal changes its effectiveness, and to what extent policymakers know what tone to use. Using a controlled experiment in a large, general-population sample, we first study the impact of appeals and of their emotional tone on contributions to a well-defined ...
In:
Journal of Economic Behavior & Organization
246 (2026), 107578, 16 S.
| Peter Haan, Lea Heursen, Jule Specht, Bruno Veltri, Georg Weizsäcker
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DIW Discussion Papers 2161 / 2026
I study optimal implementation of climate targets in a model with distortionary fiscal policy, learning-by-doing, and directed technical change. The key mechanism is that fiscal constraints link innovation policy to labor allocation, creating a tension between directing research and directing learning-by-doing. Analytically, I show that learning-by-doing shapes the effectiveness of carbon taxation ...
2026| Sonja Dobkowitz
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DIW Weekly Report 16/17 / 2026
Municipalities play a key role in providing public services, but despite rising gross investment, there is a significant erosion of assets: real investment growth remains insufficient and net investment continues to be negative. The Special Fund for Infrastructure and Climate Neutrality (SVIK) can help strengthen local government investment activity and reduce regional disparities. Based on a scenario ...
2026| Geraldine Dany-Knedlik, Martin Gornig, Angelina Hackmann, Teresa Schildmann
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DIW-OECD Industrial Strategy Dialogue
As part of the DIW-OECD Industrial Strategy Dialogues, this event will explore how strategic international partnerships can accelerate the decarbonisation of industry. Industry is the cornerstone of modern economies but also one of the most emissions intensive sectors - an issue made even more urgent by the current energy crisis, which has exposed the vulnerability of carbon intensive production...
12.05.2026| Tobias Aldenhoff, Nicola Brandt, Abdurrahim Durmus, Lutz Morgenstern, Deger Saygin, Franziska Holz
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Externe Working Papers
The European Carbon Border Adjustment Mechanism (CBAM) has the dual objective of preventing carbon leakage and promoting global carbon pricing. Yet pursuing both objectives at the same time might result in incomplete carbon leakage protection unless global carbon prices converge. As the current geopolitical situation makes such convergence seem unlikely in the near future, an extension of free allowance ...
SSRN,
2026,
11 S.
(SSRN Papers)
| Karsten Neuhoff, Misato Sato, Fernanda Ballesteros, Christoph Böhringer, Simone Borghesi, Aaron Cosbey, Thibault Deletombe, Balázs Felsmann, Roland Ismer, Angus Johnston, Petro Linares, Sini Matikainen, Stefan Pauliuk, Alice Pirlot, Philippe Quirion, Knut Einar Rosendahl, Aleksander Sniegocki, Harro van Asselt, Lars Zetterberg
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Video
As part of the DIW-OECD Industrial Strategy Dialogues, this event will explore how strategic international partnerships can accelerate the decarbonisation of the steel sector. Steel is a cornerstone of modern economies but also one of the most emissions intensive industries — an issue made even more urgent by the current energy crisis, which has exposed the vulnerability of carbon intensive...
04.05.2026
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Refereed essays Web of Science
Young people with disability face significant barriers to stable employment. Yet, little is known about how early labor market experiences shape their long-term mental health. This study examines associations between early career insecurity and subsequent mental health trajectories, focusing on disability status as a key axis of inequality. We use nationally representative longitudinal data from the ...
In:
SSM - Population Health
34 (2026), 101912, 14 S.
| Sophia Fauser, Irma Mooi-Recic, Marissa Shields, Zoe Aitken, Anne Kavanagh
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Refereed essays Web of Science
International climate finance (ICF) is a critical mechanism for reducing deforestation and supporting global climate cooperation, yet its effectiveness is often questioned on account of scale and implementation challenges. This paper addresses the question whether ICF, implemented through Official Development Assistance (ODA), is catalysing policy adoption in the land use, land use change, and forestry ...
In:
Forest Policy and Economics
174 (2025), 103480, 12 S.
| Heiner von Lüpke, Bence Mármarosi, Charlotte Aebischer, Egor Trushin, Martha Bolaños, Thomas Webb, Eros Nascimento, Djoko Suroso, Gustavo Breviglieri
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DIW Discussion Papers 2163 / 2026
Several recent studies consider a set of proxies to identify different monetary policy shocks for different regions in the world. We show that the way the proxies are used to identify the monetary policy shocks may lead to correlated shocks and dubious structural analysis and we demonstrate how to overcome the problem of correlated shocks. We illustrate that, if correlated shocks are used in applied ...
2026| Martin Bruns, Helmut Lütkepohl, James McNeil