-
DIW Discussion Papers 1728 / 2018
This study analyses how liquidity risk affects bonds’ yield spreads after controlling for credit risk, bond-specific characteristics and macroeconomic variables. Using two liquidity estimates, LOT liquidity and the bid-ask spread, we find that, in particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of LOT decreases over time, implying ...
2018| Febi Wulandari, Dorothea Schäfer, Andreas Stephan, Chen Sun
-
Video
To accompany the economic upturn in the U.S., the Federal Reserve Bank has been raising its benchmark interest rate incrementally. In an increasingly globalized world in which the American economy plays a key role, an action like this has spillover effects on the international level. Max Hanisch's study shows that the member states of the euro area—Germany in particular—can temporarily...
21.03.2018| Nachgeforscht
-
Refereed essays Web of Science
We investigate how indicators of dissatisfaction—worries about a variety of life domains such as health, the state of the economy, and immigration—change across time and age in Germany based on Socio-Economic Panel (SOEP) data. As expected, contemporary world events influenced respondents’ worries. For example, worries about peace peaked in 2003, the year of the Iraq War; worries about both immigration ...
In:
Journal of Economic Behavior & Organization
181 (2021), S. 332-343
| Julia M. Rohrer, Martin Bruemmer, Jürgen Schupp, Gert G. Wagner
-
Refereed essays Web of Science
The global energy system is undergoing a major transition, and in energy planning and decision-making across governments, industry and academia, models play a crucial role. Because of their policy relevance and contested nature, the transparency and open availability of energy models and data are of particular importance. Here we provide a practical how-to guide based on the collective experience of ...
In:
Energy Strategy Reviews
19 (2018), S. 63-71
| Stefan Pfenninger, Lion Hirth, Ingmar Schlecht, Eva Schmid, Frauke Wiese, Tom Brown, Chris Davis, Matthew Gidden, Heidi Heinrichs, Clara Heuberger, Simon Hilpert, Uwe Krien, Carsten Matke, Arjuna Nebel, Robbie Morrison, Berit Müller, Guido Pleßmann, Matthias Reeg, Jörn Richstein, Abhishek Shivakumar, Iain Staffell, Tim Tröndle, Clemens Wingenbach
-
Refereed essays Web of Science
The central limit theorem says that, provided an estimator fulfills certain weak conditions, then, for reasonable sample sizes, the sampling distribution of the estimator converges to normality. We propose a procedure to find out what a “reasonably large sample size” is. The procedure is based on the properties of Gini's mean difference decomposition. We show the results of implementations of the procedure ...
In:
Communications in Statistics : Simulation and Computation
46 (2017), 9, S. 7074-7087
| Carsten Schröder, Shlomo Yitzhaki
-
Press Release
DIW Berlin study analyzes the correlation between the AfD's vote performance and different economic and sociodemographic variables at an electoral district level – The AfD performed well in western German electoral districts where there are many employees in the manufacturing industry and where incomes are low – In the eastern districts they performed better where there is a large share ...
21.02.2018
-
Conference
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...
08.06.2018| Juhan Lepassaar, Michael Luca, Steve Tadelis, Ari Ezra Waldmann, Glen Weyl
-
Report
The Joachim Herz Foundation awards Prof. Dr. Jan Marcus with 25.000 Euro as this year's best junior researcher. Jan Marcus is a GC alumnus, a research fellow at the DIW Education and Family Department and a Junior Professor at the University of Hamburg. As such, the Graduate Center congratulates him and wishes him further success in his future work!
We also congratulate Prof. Dr. Joachim Winter and ...
13.03.2018
-
DIW Discussion Papers 1726 / 2018
The transition towards low-carbon economies requires massive investments into renewable energies, which are commonly supported through regulatory frameworks. Yet, governments can have incentives - and the ability - to deviate from previously-announced support once those investments have been made, which can deter investments. We analyze a renewable energy regulation game, apply a model of time-inconsistency ...
2018| Nils May, Olga Chiappinelli
-
Report
DIW Berlin, Humboldt University and WZB are jointly organizing a workshop on Gender Economics. The aim of this workshop is to bring together an international group of labor and experimental economists. Topics of interest include, but are not limited to:
Dynamics of gender gaps in education and labor market outcomes
Interactions between gender norms, institutions and economic outcomes
The role ...
13.03.2018