Introduction by Marcel Fratzscher, President of DIW Berlin and Professor of Macroeconomics and Finance at Humboldt-University, Berlin Opening Remarks by Ursula Müller, German Executive Director to the Board of Directors at the World Bank Group Tuesday, April 5, 2016 | 12.00 - 1.00 pmVenue: Quadriga Forum, Werderscher Markt 13, 10117 Berlin The world faces challenges for the ages: forced...
Since the 1980s researchers are investigating the beneficial effects of pets on human health. The current state of research is characterized by heterogeneity of results, rarity of longitudinal analysis, few studies with German population and search for moderators and mediators in order to explain the possible association. The present study aims at examining the (possibly differential) impact of dogs ...
This thesis analyzes the link between alcohol consumption and labor market outcomes, such as income, employment or hazard rate of leaving unemployment. It does so by using panel data from the German Socio-Economic Panel (SOEP) forthe period 2006 until 2010. While cross-sectional methods show a positive relationship between non-abusive alcohol consumption and labor market outcomes, fixed effects methods ...
This Roundup discusses the literature on the effects of uncertainty on economic activity. Uncertainty will be generally referred to as the agents’ inability to form clear expectations about the future path of relevant economic variables. After motivating the analysis from a policy perspective, the Roundup outlines the key channels through which uncertainty exerts an impact on the economy. It then discusses ...
Dr. Grosse Steffen, since the end of 2008, the US policy interest rate was at the level it has only just reached in Europe, that is, at the zero lower bound. In December, the Federal Reserve decided to raise the interest rate in the US. What was the motivation for the ‘lift-off’? The reason to increase the federal funds rate is that the US economy has been experiencing strong growth for ...
In 2013, around 121 billion US-Dollar were spend worldwide to promote the investment into renewable energy sources. The most prominent support scheme employed is a feed-in tariff, which guarantees a fixed price for electricity produced by renewable energies sources, usually for around 15 years after the installation of the plant. We study the incidence of wind turbine subsidies, due to a feed-in tariff ...
For the first time in almost a decade, the US Federal Reserve raised interest rates at the end of 2015 - an initial step toward normalizing monetary policy which has been very expansive since the onset of the financial crisis. Ahead of the move, it was feared that the interest rate reversal might have a considerable impact on emerging markets because the hike would lead to more capital flows being ...
