The objective of the project is to analyze the effects of long enduring low interest rates on household investment behavior, setting a special focus on the stock market participation of German and US households. In particular, we address four questions within the project. Did the low interest rate environment induced more households to enter the stock market? How do low interest rates affect the...
Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments on the latest ECB council meeting as follows:
According to DIW Berlin estimations, the German economy will continue to grow noticeably over the next two years. However, the economic boom is over as economic momentum is likely to cool off. DIW Berlin thus confirms its estimations from the late summer that the growth rate of the German economy is gradually returning to normal, overlaid by non-recurring effects. However, DIW Berlin is lowering its ...
Die Forschung in den Sozial- und Wirtschaftswissenschaften ist immer öfter auf einen abgesicherten Zugang zu Forschungsdaten angewiesen, da ansonsten die Anforderungen des Datenschutzes nicht erfüllt werden können. Remote-Access-Lösungen bieten hier einen komfortablen Datenzugang und ermöglichen gleichzeitig einen hohen Sicherheitsstandard. Der Text klärt kurz Begrifflichkeiten und Rahmenbedingungen ...
A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to manufacturing. This paper analyzes whether the three aspects involving innovative activity - R&D; innovative output; and productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015), allows for causal interpretation of ...
EU finance ministers have struck a euro area reform deal. Marcel Fratzscher, President of the German Institute for Economic Research (DIW Berlin), comments:
This paper explores the extent to which emissions limits on stack concentrations under the Large Combustion Plant (LCP) Directive succeeded in mitigating local air pollutants from thermal power stations in the European Union. We take advantage of the discontinuities in regulation status to show that the emission performance standards led to sizeable declines in concentrations of SO2 , NOx, and particulate ...
