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ECB Asset Purchase Programs Raise Inflation Expectations in the Euro Area

Facing deflationary threats, the ECB has engaged in several forms of asset purchase programs to fulfill its mandate of maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant of actual inflation. This study empirically evaluates the effectiveness of these ECB policies in raisinginflation expectations. The results suggest that ...

ECB Announcements Lift Inflation Expectations by Overall 20–30 Basis Points: Seven Questions to Malte Rieth

ECB asset purchase programs raise inflation expectations in the Euro area

Facing deflationary threats, the ECB has engaged in several forms of asset purchase programs to fulfill its mandate of maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant of actual inflation. This study empirically evaluates the effectiveness of these ECB policies in raisinginflation expectations. The results suggest that ...

Securities Fraud and Corporate Board Turnover: New Evidence from Lawsuit Outcomes

We examine the relationship between outcomes of securities fraud class action lawsuits (SFCAs) and corporate board turnover rates. Our results indicate that turnover rates for board members are higher when a firm settles a lawsuit than when a suit is dismissed. Outside director turnover is most sensitive to SFCA outcomes, perhaps reflecting reputational effects. Results demonstrate that involvement ...

Re-vitalizing Money Demand in the Euro Area: Still Valid at the Zero Lower Bound

The analysis of monetary developments have always been a cornerstone of the ECB’s monetaryanalysis and, thus, of its overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments and assessing price stabilityover the medium term. It is a well-documented fact in the literature that, when interestrates are at the zero lower bound, the analysis ...

Losing Work, Moving away? Regional Mobility after Job Loss

Using German survey data, we investigate the relationship between involuntary job loss and regional mobility. Our results show that job loss has a strong positive effect on the propensity to relocate. We also analyze whether the high and persistent earnings losses of displaced workers can in part be explained by limited regional mobility. Applying an event study approach, which controls for worker ...

Children and adolescents with refugee background less likely to participate in voluntary educational programs - with exception of extracurricular school activities

Non-compulsory educational programs including extracurricular school activities, child day care centers, and non-formal educational programs, such as sports or music activities outside of school, make an important contribution to social integration. But to what extent do children and their families actually make use of these voluntary programs? On the basis of the Socio-Economic Panel (SOEP) and the ...

Refugees entered the labor market later than other migrants

It has taken longer for refugees who have been living in Germany for some time, particularly those who arrived between 1990 and 2010, to take up gainful employment than other migrants. These findings are based on data from the Socio-Economic Panel (SOEP) and the IAB-SOEP Migration Sample. In addition, these refugees show a higher rate of unemployment and earn lower incomes by comparison even years ...

Half of the refugees in Germany found their Ffirst job through social contacts

In Germany, the majority of people tend to find work through friends, acquaintances, and relatives when they first enter the labor market or switch jobs. The same applies to immigrants and their offspring. Integrating refugees into the labor market is considered crucial to their overall integration into society, yet little is known about how they land their first jobs. The present paper attempts to ...

Estimating Risky Behavior with Multiple-Item Risk Measures

We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is heterogeneous and, therefore, difficult to assess ex ante. To close this knowledge gap, greater diversification across risk measures is helpful. We do, indeed, ...