On Thursday 4 November, the German Institute for Economic Research (DIW Berlin) will hold an EU side event together with the World Resources Institute, Perspectives Climate Group, Frankfurt School and Climate Action Network on climate financing at the COP26. Leading European researchers will present their latest insights into aligning international financial flows with the goals of the Paris...
To reach the climate targets, the course towards a climate-neutral society must be set now. However, the current monitoring instruments in the Climate Change Act do not provide sufficient information to policymakers and society on the effectiveness of policy instruments and programs, as they focus exclusively on greenhouse gas reduction targets, which are subject to uncertainty. Moreover, they only ...
Theory suggests that large firms are more likely to engage in lobbying behaviour and are geographically more mobile compared with smaller entities. Conditional on jurisdiction size, policy choices are thus predicted to depend on the shape of a jurisdiction's firm size distribution, with more business-oriented policies being enacted if jurisdictions host large firms. The paper empirically tests this ...
Nuria Boot has successfully defended her dissertation at the KU Leuven. The dissertation with the title "Essays on Common Ownership and Financial Benchmark Rates" was supervised by Professor Dr. Jo Seldeslachts (KU Leuven and DIW Berlin). Nuria was a PhD student in the Firms and Markets Department and GC class of 2016. We congratulate Nuria on her success and wish her all the best for her future ...
Redistribution across individuals within the framework of a one-year period is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective, reducing the level of actual redistribution across individuals. In this paper, we investigate to what extent long-run redistribution diverges from annual redistribution ...
This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence ...
A major challenge for proxy vector autoregressive analysis is the construction of a suitable external instrument variable or proxy for identifying a shock of interest. Some authors construct sophisticated proxies that account for the dating and size of the shock while other authors consider simpler versions that use only the dating and signs of particular shocks. It is shown that such qualitative (sign-)proxies ...
