Prof. Christopher Baum from the Boston College will hold a two-day course for DIW doctoral students. He is a distinguished Stata expert and has written many influential textbooks. He is affiliated to DIW as a Research Professor. The lecture will take place on June 24, 9-13 o'clock at Friedensburg room and on June 25, 9-13 o'clock at Schumpeter Hall. Please bring your laptops. In the afternoons,...
Many banks are now too big, complex, and closely interconnected to be liquidated. When they run into difficulties, they threaten the entire financial system of their economic area. Five years of financial crisis have not alleviated but exacerbated this problem. The cost of stabilizing banks is enormous, posing serious challenges to the states affected. In addition, such state guarantees create dangerously ...
When speculative price bubbles on real estate markets burst, the effects for the real economy are often devastating taking the form of substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from emerging and expanding. Comparing experiences in different countries indicates that, in Germany, institutional regulations ...
The project aims to assess the impacts of public support to the introduction of electromobility. Several political instruments will be analyzed with respect to their costs, benefits and in particular their impacts on the electricity market and grid. One objective of the project is to derive the optimal timing of the political instruments such as taxes or subsidies. The project is carried out...
In social science literature there is a wide range of effectiveness studies for early education and care programmes for young children. But these studies usually distinguish the effects of these programmes without considering their costs. This is where efficiency analysis studies in Economics begin. This article presents three fundamental approaches to efficiency analysis before looking in more detail ...
Maintained Individual Data Distributed Likelihood Estimation (MIDDLE) is a new paradigm for the design and analysis of research in the behavioral, social, and health sciences. The MIDDLE approach is based on the seemingly-impossible idea that data can be privately maintained by participants and never revealed to researchers, while still enabling statistical models to be fit and scientific...
This paper provides new evidence on migrant networks as determinants of the total size (scale) and skill structure of migration, using aggregate data from a recent migration boom to Spain. We draw upon McFadden (1984, 1422-1428) in order to develop and apply a three-level nested multinomial logit migration model. Our model accommodates varying degrees of similarity of destinations located in the same ...
