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Structural Estimation of Limited Attention on eBay Germany

Capturing Affective Well-Being in Daily Life with the Day Reconstruction Method: A Refined View on Positive and Negative Affect

In the last years, there has been a shift from traditional measurements of affective well-being to approaches such as the day reconstruction method (DRM). While the traditional approaches often assess trait level differences in well-being, the DRM allows examining affective dynamics in everyday contexts. The latter may ultimately explain why some people feel more happy than others (e.g., because they ...

Roundtable on the design of symmetrical market premiums (Contracts for Difference)

Background paper for the round table:Ausgestaltungsoptionen für Symmetrische Marktprämie. Karsten Neuhoff, Nils May, Jörn Richstein Summary of the results as part of a DIW weekly report:DIW Wochenbericht 28 / 2018. Kostengünstige Stromversorgung durch Differenzverträge für erneuerbare Energien. Nils May, Karsten Neuhoff, Jörn Richstein. S. 625-635

Beyond Coal, Gas and Oil

Doctoral colloquium of the Leibniz Research Alliance on Energy Transitions April 23rd - 24th, 2018at the German Institute for Economic Research, DIW-Berlin The Leibniz Research Alliance on Energy Transitions regularly hosts doctoral colloquiums on specific topics relevant to energy transitions with one or more of its member institutes. The colloquium provides an opportunity for doctoral...

The Impact of Complex Family Structure on Child Well‐Being: Evidence from Siblings

Evidence from the United Kingdom Millennium Cohort on children at ages 3 and 5 with older siblings addresses the questions of whether those living with both biological parents and only full siblings have better emotional and behavior outcomes than other children, and whether nonfull siblings affect children's outcomes independently of parents' partnership status. Adjusting for measured family circumstances ...

The Dynamic Impact of Macroeconomic News on Long-Term Inflation Expectations

Well-anchored inflation expectations should not react to macroeconomic news. This paper analyzes the dynamics of inflation expectations in a proxy SVAR model, where macro news shocks are identified by their correlation with surprises from macroeconomic news announcements. Our results confirm that macro news shocks have no impact on U.S. long-term inflation expectations in the long run. In the short ...

Estimation of Structural Impulse Responses: Short-Run versus Long-Run Identifying Restrictions

There is evidence that estimates of long-run impulse responses of structural vector autoregressive (VAR) models based on long-run identifying restrictions may not be very accurate. This finding suggests that using short-run identifying restrictions may be preferable. We compare structural VAR impulse response estimates based on long-run and short-run identifying restrictions and find that long-run ...

Germany’s Economic Experts Raise Forecast Slightly

Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH), ifo Institute, Kiel Institute for the World Economy (IfW), RWI - Leibniz Institute for Economic Research

SBBS – De-risking Europe’s Financial Markets

Europe’s sovereign debt crisis has proven particularly pernicious. A key reason for that was the strong link between banks and states. Banks’ fate was inextricably mingled with their respective sovereign, what was alluded to as the doom-loop. From a euro area perspective, banks were under-diversified, exposed to too much concentration risk. One interesting answer to this issue could be...

BCCP Conference and Policy Forum 2018

The tremendous growth of digital transactions has profoundly affected the way we interact, opening vast opportunities to improve our lives. Consumers have benefited from an unprecedented proliferation of new services and products. At the same time, consumers often must process large amounts of imperfect information regarding the products they purchase and services they use. Even more, for many...