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Press Release
Joint press release of the German Institute for Economic Research (DIW Berlin) and ifo Institute – Leibniz Institute for Economic Research at the University of Munich
Fourteen economists from France and Germany, including Marcel Fratzscher (DIW Berlin) and Clemens Fuest (ifo), are presenting a reform package aimed at making the euro area more robust and more resilient to crises as well as allow ...
17.01.2018
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Refereed essays Web of Science
We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI outstocks of OECD reporting countries. Applying a Poisson panel estimator to 2004–11 data, we find robust evidence for a positive effect of bilateral immigrants on bilateral FDI-provided that residents of the two countries have few language skills in common. We find a similar effect for immigrants from ...
In:
The World Economy
41 (2018), 6, S. 1529-1548
| Matthias Lücke, Tobias Stöhr
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Refereed essays Web of Science
This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. ...
In:
American Economic Journal: Macroeconomics
11 (2019), 1, S. 132-156
| Marcel Fratzscher, Oliver Gloede, Lukas Menkhoff, Lucio Sarno, Tobias Stöhr
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Refereed essays Web of Science
We examine intergenerational mobility differences between Germany, Norway, Sweden, and the US. Using ranks, we find that the US is substantially less intergenerationally mobile than the three European countries and that the most mobile region of the US is less mobile than the least mobile regions of Norway and Sweden. Using a linear estimator of income share mobility, we find that the four countries ...
In:
The Scandinavian Journal of Economics
119 (2017), 1, S. 72-101
| Espen Bratberg, Jonathan Davis, Bhashkar Mazumder, Martin Nybom, Daniel D. Schnitzlein, Kjell Vaage
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Refereed essays Web of Science
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of more ...
In:
Pacific-Basin Finance Journal
48 (2018), S. 129-143
| Antonia Grohmann
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Sustainable Finance
The final report by the EU high-level expert group on sustainable finance (HLEG) was delivered on 31 January, the Commission, in the meantime, “responded” with an action plan on 8 March and the March European Council will need to take a stance on it as well. More than 2 years after the “Paris Climate Deal” and the entry into force of the “Sustainable Development Goals...
22.02.2018| Richard N. Kühnel, Valdis Dombrovskis, Michael Meister, Christian Thimann, Christian Thimann, Joachim Wuermeling, Kristina Jeromin, Bernhard Goeke, Gerhard Schick, Karsten Loeffler, Alexander Bassen, Mirjam Wolfrum, Steffen Schwartz-Höfler, Silvia Kreibiehl, Katharina Latif, Gerald Podobnik, Matthias Kopp, Olivier Guersent, Levin Holle, Chris Barrett, Christoph Bals , Marcel Fratzscher, Karsten Neuhoff
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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
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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
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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
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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