We extend the optimal taxation framework by Saez (2002) to allow for alternative concepts of justness. We calculate weights of a social planner's function as implied by the current German tax and transfer system based on the concepts of Minimum Sacrifice and subjective just incomes from survey questions and compare them to the welfarist case. We use new questions from the German Socioeconomic...
Stefan Seifert, who joined the DIW Graduate Center in October 2011 and worked at the Firms and Markets department, has successfully defended his dissertation at Technische Universität Berlin.His dissertation entitled “Productivity and Efficiency in Electricity Generation and Distribution", was supervised by Prof. Dr. Christian von Hirschhausen (DIW, TU Berlin) and Dr. Astrid Cullmann ...
Martin Johannes Bruns has been granted a scholarship from the Studienstiftung des deutschen Volkes (SddV) from November 2016 on. The Dean of the GC, Prof. Lütkepohl, congratulates him on his success!
This paper uses a cross-country database covering 46 economies over the post-war period to revisit two key monetary facts: (i) the long-run link between money growth and inflation and (ii) the link between credit growth and financial crises. The analysis reveals that the former has weakened over time, while the latter has become stronger. Moreover, the money-inflation nexus has been stronger in...
The DIW Europe Lecture is a lecture series by leading policy-makers and academics on the future of Europe. The series aims at fostering and informing the debate on key European policy issues, and at bringing this debate to the heart of Germany's policy-making in Berlin. The President of the European Central Bank, Mario Draghi, will look at Europe’s economic and financial future: which...
In recessions, predominantly men lose their jobs, which has been described by the term ”mancessions”. Against this background, we analyze whether fiscal expansions foster job creation predominantly for men. Yet, we find empirically that fiscal shocks lead to employment growth that is larger for women than for men. We show that the gender-specific employment effects of fiscal policy are...
On October 4, the DIW Graduate Center welcomed its new cohort through various events. In the morning, a detailed introduction to the doctoral program structure was organized to get newcomers familiar with the challenges and prospects in the coming years. Then the library, IT Department, Communications Department and Englisch editor presented their service fields in the afternoon. At the welcome reception ...
