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DIW Discussion Papers 1956 / 2021
We study the multifaceted effects and persistence of trade policy shocks on financial markets in a structural vector autoregression. The model is identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously, but generally negatively, increasing market uncertainty, lowering interest rates, and leading to an appreciation ...
2021| Lukas Boer, Lukas Menkhoff, Malte Rieth
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Report
How can international public climate finance effectively support climate policy of partner countries? The four-year project of the Climate Policy Department sheds light on effective steps to achieve the Paris climate goals in cooperation with four other research institutes in Brazil, India, Indonesia, and South Africa.
DIW Berlin examines in a new study how international public climate finance (ICF) ...
13.07.2021| Karsten Neuhoff
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SOEPpapers 1140 / 2021
This paper investigates the role of work experience in migrant mothers’ current employment in Germany. Unlike previous papers, we focus on actual experience and add the motherhood aspect. To this end, we use data from the German Socio-Economic Panel 2013-2018 including the IAB-SOEP Migration Sample. Having immigrated to Germany and female sex are the two treatments of our sample of 491 migrant mothers, ...
2021| Christina Boll, Andreas Lagemann
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DIW Discussion Papers 1955 / 2021
The analysis of local environmental policies is essential when evaluating the consistency of national public policies vis-à-vis the compliance of global agreements to reduce climate change. This study explores one of these policies; the 2021 Mexican reform to change electric power dispatch from a marginal-cost-based to a command and control physical system prioritizing power generation from the state ...
2021| Raúl Gutiérrez-Meave, Juan Rosellón, Luis Sarmiento
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Berlin Lunchtime Meeting
In Germany, 200 to 400 billion euros are inherited or donated every year. Inheritances are unevenly distributed, with wealthy households receiving far greater inheritances than poor households, and inheritances and gifts are taxed only lightly compared with earned income. As inequalities are increasing, particularly since the onset of the COVID crisis, and governments are under pressure to find...
06.07.2021| Bethany Millar-Powell, Sarah Perret, Roland Franke, Matthias Rumpf, Stefan Bach
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DIW Discussion Papers 1954 / 2021
We study the dynamic impact of Covid-19, economic mobility, and containment policy shocks. We use Bayesian panel structural vector autoregressions with daily data for 44 countries, identified through sign and zero restrictions. Incidence and mobility shocks raise cases and deaths significantly for two months. Restrictive policy shocks lower mobility immediately, cases after one week, and deaths after ...
2021| Annika Camehl, Malte Rieth
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Externe Working Papers
The job polarization hypothesis suggests a U-shaped pattern of employment growth along the earnings/skill distribution, which is driven by simultaneous growth in the employment of high-skill/high-earnings and low-skill/low-earnings occupations due to Routine-Biased Technological Change (RBTC) [Acemoglu and Autor, 2011]. An aspect of both high social and political relevance is the implications of job ...
Luxembourg:
LIS Data Center,
2020,
ca. 112 S.
(LIS Working Paper Series ; 796)
| Maximilian Longmuir, Carsten Schröder, Matteo Targa
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Refereed essays Web of Science
We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) and conditional on data from 10/2004 through 12/2016. We apply a novel data-based identification approach of the structural shocks that allows to account for the complex interrelations within the triad of exchange rates, ...
In:
Journal of International Money and Finance
117 (2021), 102454
| Kerstin Bernoth, Helmut Herwatz
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Personnel news
Jan Berkes has successfully defended his dissertation "Causes and Consequences of Educational Attainment and Household Decisions - Six Essays in Applied Microeconomics" supervised by Katharina Spieß (1st supervisor) and Lukas Menkhoff (2nd supervisor) at Free University Berlin. Congratulations!
28.06.2021
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Personnel news
Daniel Graeber has successfully (with summa cum laude!) defended his dissertation "Socio-Economic Causes and Consequences of Individual Health as well as Public Health Crises" supervised by Professor Dr. Marco Caliendo (1st supervisor) and Professor Dr. Daniel D. Schnitzlein (2nd supervisor) at University of Potsdam. Congratulations!
28.06.2021