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Environmental Policy and Firm Selection in the Open Economy

In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country through reallocation of labour towards exporting firms. Domestic aggregate emissions fall, due to both a scale and a technique effect, but we show that the ...

Martin Bruns has successfully defended his dissertation

Martin Bruns, who works at the Forecasting and Economic Policy department, has successfully defended his dissertation at the Freie Universität Berlin.The dissertation with the title "Essays in Empirical Macroeconomics: Identification in Vector Autoregressive Models and Robust Inference in Early Warning Systems" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin, Freie Universität ...

Tatsiana Kliatskova has successfully defended her dissertation

Tatsiana Kliatskova, who works at the Macroeconomics department, has successfully defended her dissertation at the Freie Universität Berlin. The dissertation with the title "Essays in International Finance" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin, Freie Universität Berlin) and Prof. Marcel Fratzscher, Ph.D. (DIW Berlin, Humboldt-Universität zu Berlin). We congratulate ...

Khalid ElFayoumi has successfully defended his dissertation

Khalid ElFayoumi, who works at the Macroeconomics department, has successfully defended his dissertation at the Freie Universität Berlin.The dissertation with the title "Heterogeneity in Macro-Finance: The Role of Disaggregate Dynamics in Aggregate Fluctuations" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin, Freie Universität Berlin) and Prof. Marcel Fratzscher, Ph.D. ...

Gender Quotas in the Boardroom: New Evidence from Germany

We examine the introduction of a gender quota law in Germany, mandating a minimum 30% of the underrepresented gender on the supervisory boards of a particular type of firms. We exploit the fact that Germany has a two-tier corporate system consisting of the affected supervisory boards and unaffected management boards within the same firm. We find a positive effect on the female share on supervisory ...

Germany's Economic Model Is not the Problem

Nuclear Power, Democracy, Development, and Nuclear Warheads: Determinants for Introducing Nuclear Power

This paper analyzes the nature of democratic development in a nation on the process of introducing nuclear power over the period 1960 - 2017 for an unbalanced panel of 171 countries. Given the involved political process of introducing nuclear power and its political importance, as well as the current tendency of about 30 countries to “go nuclear”, this question is both of historic and current interest. ...

The Impact of Population, Affluence, Technology, and Urbanization on CO2 Emissions across Income Groups

This paper analyzes the impact of urbanization on CO2 emissions within the STIRPAT framework over the period 1971 to 2014 for a panel of 76 countries clustered into income groups. Using dynamic panel estimations techniques, the empirical results robustly show an inverted N-shaped relationship between urbanization and CO2 emissions in the long-term associated with the ecological modernization theory ...

Minimum Wage: Many Entitled Employees in Germany Still Do Not Receive It

There has been a universal statutory minimum wage in Germany for a good four years, but many employees still do not receive it. This is the finding of new calculations based on the Socio-Economic Panel (SOEP), which have updated noncompliance with the minimum wage for 2017. Even conservative calculations indicate that around 1.3 million people who are entitled to the minimum wage receive a lower wage ...

Capital Markets Union and Cross-Border Risk Sharing