Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally, we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and that this impact ...
The share of women on executive boards of large companies in Germany has increased somewhat more strongly than in previous years. The top 200 companies reached the ten percent mark for the first time: women held 14 more board positions than in the previous year, 94 out of 907. Growth was also somewhat more dynamic on the executive boards of the largest listed companies and companies with government- ...
The statutory gender quota for supervisory boards is effective: the proportion of women on supervisory boards has increased over the past years, especially in the companies subject to the quota. But is the quota creating trickle-down effects for executive boards? As the second part of the DIW Berlin Women Executives Barometer, this report analyzes whether a relationship between the growth of the proportion ...
Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...
Paid parental leave schemes have been shown to increase women's employment rates but decrease their wages in case of extended leave durations. In view of these potential trade-offs, many countries are discussing the optimal design of parental leave policies. We analyze the impact of a major parental leave reform on mothers' long-term earnings. The 2007 German parental leave reform replaced a means-tested ...
The original goal of the Finnish experiment of 2017 and 2018 was to try to get some evidence on how a new social policy instrument mimicking a basic income would work and what kind of behavioral consequences it would have. The realized experiment was restricted to people aged 25–58 already receiving a labor market subsidy or unemployment allowance and a total of 2,000 participants were...
The purpose of the project is to measure the digitalisation of the German economy and to track its development over time. The results will serve as an evidence-based framework for decision makers in policy and business. The project comprises several topics. DIW Berlin focuses on the analysis of the productivity effects of digitization.
