According to the German Institute for Economic Research (DIW Berlin), the uncertainty introduced by the results of the Brexit referendum could noticeably negatively impact on the German economy, resulting in a growth number for next year significantly lower than expected. In particular, the uncertainty about the UK’s economic prospects increased after the referendum, as mirrored in a flight to ...
This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages between the ASEAN currencies and a regional currency unit. A long-memory (fractional integration) model allowing for endogenously determined structural breaks is estimated for these purposes (Gil-Alana, 2008). The results suggest that the ASEAN currencies ...
On June 23, 2016, at the 12th International SOEP User Conference at the WZB in Berlin, the sixth Felix Büchel Award was awarded to Rainer Winkelmann. More on this prize and Felix Büchel More on the 2016 award ceremony
Jakob Miethe has been granted a scholarship from the Friedrich-Ebert-Stiftung (FES). The Dean of the GC, Prof. Lütkepohl, congratulates him on his success!
Marlene Karl, department of Macroeconomics, has successfully defended her dissertation at Freie Universität Berlin. The dissertation with the title “Essays in Banking Risk, Regulation and Monetary Policy" was supervised by Dieter Nautz (Freie Universität Berlin) and Claudia Buch (Universität Tübingen). The Dean Prof. Dr. Helmut Lütkepohl congratulates her on her su ...
Despite increasing access to university education, students from disadvantaged or non-academic family backgrounds are still underrepresented at universities. In this regard, the economic literature mainly studies the effect of financial constraints on post-secondary educational decisions. Our knowledge on potential effects of other constraints regarding university education is more limited. We investigate ...
This article by Marcel Fratzscher was originally published in Handelsblatt Global Edition on June 28, 2016. The Frenchman Jean Monnet, one of the founding fathers of today’s Europe, wrote that the process of European unity will “be accomplished in crises.”? The Brexit decision is a catastrophe for all Europeans. It is coming at a high price in political, social and economic terms. But ...
Kapitel 1: Um dem übermäßigen Gebrauch von Instrumenten wie Bürgerbegehren vorzubeugen, werden oftmals sogenannte Unterschriftenhürden vorgeschrieben. Wir evaluieren den kausalen Effekt einer Senkung der Unterschriftenhürde auf die beobachtete Anzahl an Bürgerinitiativen. Basierend auf deutschen Gemeindedaten nutzen wir diskrete Sprünge in der Unterschriftenhürde an bestimmten Bevölkerungsgrenzen, ...
