By Dominik Meyland and Dorothea Schäfer The current banking regulatory framework assigns EU government bonds a risk weight of zero. Since the European debt crisis, there has been increasing controversy over eliminating this equity capital privilege, which is viewed as contributing to the close relationship between state and bank risks. This report analyses the development of home bias—the ...
Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine ...
We investigate the importance of firm-bank relationships for the international transmission of bank distress to the real economy. Using a large panel of matched financial statements of firms of all sizes and their relationship banks in Germany, we find that banks with losses from proprietary trading activities during the 2007/8 financial crisis decreased their lending, and that their firm customers ...
Minimum prices above the competitive level can lead to allocative inefficiencies. We investigate whether this effect is more pronounced when decision makers are influenced by their social environment. Using data of minimum prices for renewable energy production in Germany, we test if individual decisions to install photovoltaic systems are affected by the investment decisions of others in the area. ...
This study investigates how the durations of childcare leaves taken by mothers and fathers in Germany relate to the gender division of housework and childcare after labour market return. It examines to what extent changes in economic resources because of leave take-up may account for adaptations in the division of domestic work of dual-earner couples. Using data from the German Socio-Economic Panel ...
A time-varying parameters Bayesian structural vector autoregression (TVP-BVAR) model with stochastic volatility is employed to characterize the monetary policy stance of the Bank of Canada (BoC) in terms of an interest rate rule linking the policy rate to the output gap, inflation and the exchange rate. Using quarterly bilateral Canadian–US data, we find such an interest rate rule to have little explanatory ...
Marie Le Mouel, who worked at the Firms and Markets department, has successfully defended her dissertation at the Technische Universität Berlin. The dissertation with the title "Knowledge-Based Capital and Firm Productivity" was supervised by Prof. Dr. Tomaso Duso (Technische Universität Berlin, DIW Berlin) and Prof. Dr. Alexandra Spitz-Oener (Humboldt-Universität zu Berlin). We congratulate ...
Last week, 12 new Ph.D. graduates received their certificates. In a festive ceremony with musical accompaniment, the new Ph.D.s were honored by the Graduate Center dean Prof. Georg Weizsäcker Ph.D. and the head of the Potsdam Institute for Climate Impact Research (PIK) Hans Joachim Schellnhuber who held the commencement speech. We wish each and every one much success in their future careers! ...
Tomaso Duso was elected as an academic member in the Stearing Committee of the Association of Competition Economics (ACE) starting on 1st January 2019. ACE was created in 2003 and brings together competition economists working in government, academia and the private sector. It provides a forum for discussion and debate on competition-related policies and specific cases. It is a not-for-profit ...
