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Empirical Advances in the Measurement and Analysis of Violent Conflict

Violent conflict is one of the most persistent challenges affecting the economic livelihoodsand food security of individuals worldwide. Despite the surge in literature studying theimpacts and drivers of armed conflict, there remains notable knowledge and methodologicalgaps, particularly regarding the quality of conflict event data. Using variousadvanced econometric and statistical techniques, this ...

Monetary Policy, External Instruments and Heteroskedasticity

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 ...

Filling Gaps in the Policy Package to Decarbonise Production and Use of Materials

Homeownership and Wealth in Switzerland and Germany

Property wealth represents the most important wealth component in nearly all OECD countries. Homeownership is linked to wealth accumulation in several ways: Wealthier households are more likely to buy a house or apartment, home owners tend to save more and rising house values typically yield higher returns than money in a bank account. Moreover, owners can borrow on a mortgage to finance, e.g., the ...

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However, regarding ...

The Greek Private Sector Remains Full of Untapped Potential

Private businesses’ nominal value added in Greece has fallen by 38 percent over the last ten years. Micro firms were hit particularly hard. Despite efforts to stabilize the macroeconomic environment, there are only weak signs of recovery. Future prospects are not much better, as—with the exception of labor market regulations—the conditions for investments and business activities have not been sufficiently ...

The Greek private sector remains full of untapped potential

Private businesses’ nominal value added in Greece has fallen by 38 percent over the last ten years. Micro firms were hit particularly hard. Despite efforts to stabilize the macroeconomic environment, there are only weak signs of recovery. Future prospects are not much better, as—with the exception of labor market regulations—the conditions for investments and business activities have ...

On the Economics of Electrical Storage for Variable Renewable Energy Sources

The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner ...

Language Barriers during the Fieldwork of the IAB-BAMF-SOEP Survey of Refugees in Germany

The IAB-BAMF-SOEP Survey of Refugees is one of the first large-scale quantitative surveys in Germany focusing on refugees exclusively. It is able to provide valuable insights on the recent cohort of refugees who arrived in Germany as of the year 2013. However, due to the fact that most respondents of the target population are not proficient in German, the research partners who conducted the survey ...

Quality of Life and Inequality