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Nuclear Power as a System Good: Organizational Models for Production along the Value-Added Chain

Due to its technical complexity, the co-production of electricity generation and nuclear weapons, and its high fixed costs, nuclear power is a particularly complex commodity, which poses unusual challenges for state economic (or industrial, defense, innovation etc.) policy. As in other sectors, the question arises here, too, of an adequate division of private and public responsibilities, in other words ...

How Important Are Local Knowledge Spillovers of Public R&D and What Drives Them?

This paper analyzes the magnitude of local knowledge spillovers of public R&D in Germany and its determinants using patent application data. We identify three distinct transmission channels. First, firms file more patent applications when collaborating with (local) public institutions. Second, firms file more patent applications when citing a public patent. Third, local public R&D seems to increase ...

Local Fiscal Policies and Their Impact on the Number and Spatial Distribution of New Firms

We examine the effect of local business taxation and local public good and service (PIGS) provision on the number and spatial distribution of new firms. Testing ground is Germany and we rely on the universe of firm foundations between 1998 and 2006. Methodologically, we estimate fixed effects poisson models coupled with a control function approach. The results suggest that a 1%-decrease in the business ...

The Implications of Removing Repo Assets from the Leverage Ratio

This article summarises the key findings from a counterfactual exercise where the effect of removing repo assets from the leverage ratio on banks’ default probabilities is considered. The findings suggest that granting such an exemption may have adverse effects on the stability of the financial system, even when measures are introduced to compensate for the decline in capital required by the leverage ...

Thore Schlaak has successfully defended his dissertation

Thore Schlaak, 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 on Structural Vector Autoregressions Identified Through Time-Varying Volatility" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin) and Prof. Dr. Lars Winkelmann (FU Berlin). We congratulate Thore ...

The dynamic response of municipal budgets to revenue shocks

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Correlation neglect and belief formation

The Role of Labor Demand in the Labor Market Effects of a Pension Reform

This paper shows that labor demand plays an important role in the labor market reactions of older women affected by pension deductions for early retirement. Based on a large representative sample of the German workforce (SIAB), we calculate the consequences of individual financial incentive changes caused by a pension reform in Germany on employment, unemployment, and partial retirement. The reform ...

DIW GC graduate receives Ernst Reuter award

Dr. Annika Schnücker, who graduated in 2018, is receiving this year's Ernst-Reuter-Preis for Outstanding Young Scientists at Freie Universität, Berlin.She is being honored for her dissertation "Model Selection Methods for Panel Vector Autoregressive Models," which is selected as one of the 5 most outstanding dissertations of 2018 at Freie Universität, Berlin.Georg Weizsäcker, Dean ...

SOEP-Core v34 – MIGSPELL and REFUGSPELL: The Migration-Biographies