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BCCP Conference and Policy Forum 2016: Policy Roundtable: Privacy in Competition and Consumer Policy

Privacy regulation in digital markets has been at the forefront of the policy debate on both sides of the Atlantic in the past years. This panel will discuss such issues as the EU-US Privacy Shield following the Safe Harbor ruling of the ECJ, the conditions for voluntary consumer consent to the processing of personal data, efforts to ensure individuals’ control over personal data collected by data...

Global Growth Still Subdued

The world economy has yet to regain momentum: after the already weak final quarter of 2015, the pace of expansion slowed down again in the first quarter of 2016. In the emerging countries’ economies, growth is expected to remain subdued, especially in China, where the gradual slowdown continues as overcapacities are reduced. Russia and Brazil are likely to remain in recession: apart from the still-low ...

German Economy on a Stable Growth Path

Supported by dynamic domestic demand, the German economy is expected to grow by 1.7 percent this year. As consumption and investment in construction are likely to weaken in the coming year, is hardly contributing to growth 2017 should amount to roughly 1.4 percent. Foreign trade is contributing relatively little to growth. In both years of the forecast period, capacities will be at more or less normal ...

A Brexit Would Significantly Dampen Germany’s Economic Growth: Seven Questions to Ferdinand Fichtner

Using Person-Fit Measures to Assess the Impact of Panel Conditioning on Reliability

Panel conditioning has posed one of the main challenges to panel studies since their inception in the social sciences. Aside from the risk of reactivity to previous interviews, there is reason to expect that cumulative survey experience increases the reliability of data emanating from panel studies relative to cross-sectional surveys. This positive aspect of recurrent interviewing for data quality ...

Is There a Doctor on Board? Collecting Generalizable Data on Doctoral Candidates in Germany

Despite of its relevance for science policy and the scientific community, empirical research on doctoral education in Germany is sparse. The few papers available face challenges in the sampling approach: simple random sampling is not possible, because a universal register of PhD candidates in Germany does not exist yet. This article focuses on the issues related to possible data collections for the ...

Currency Value

We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...

Bereitstellung von Regelleistung durch Elektrofahrzeuge: Modellrechnungen für Deutschland im Jahr 2035

Sowohl beim Ausbau erneuerbarer Energien als auch im Bereich der Elektromobilität hat sich die Bundesregierung ambitionierte Ziele gesetzt. Im Kontext der Energiewende soll der Anteil fluktuierender erneuerbarer Energien an der Stromerzeugung weiter deutlich steigen. Dies erfordert tendenziell eine erhöhte Vorhaltung von Regelleistung. Gleichzeitig sinkt die Stromerzeugung aus thermischen Kraftwerken, ...

Graduate Center Summer Workshop 2016

For the fifth time Graduate Center students will meet at Griebnitzsee for the annual Summer Workshop from June 27th to June 29th 2016. During the three-day workshop, GC13 and GC14 doctoral students present their current research.  

Monetary Policy Rules in Emerging Countries: Is There an Augmented Nonlinear Taylor Rule?

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel, South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in these countries can be more accurately described by (i) an augmented rule including the exchange rate, as well as (ii) a nonlinear threshold specification (estimated using GMM), instead of a baseline linear rule. The results ...