This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. ...
This paper aims to verify results of the innovative study on gender identity for the USA by Bertrand et al. (2015) for Germany. They found that women who would earn more than their husbands distort their labor market outcome in order not to violate traditional gender identity norms. Using data from the German Socio-economic Panel Study (SOEP) we also find that the distribution of the share of income ...
The case of German reunification has been subject to extensive research on earnings inequality and labor market integration. however, little is known about the development of equality of opportunity (EOp) in East and West Germany after 1990.Using German micro data, we empirically analyze how circumstances beyond the sphere of individual control explain inequality in East and West Germany. Our results ...
Existing literature on inequality of opportunity (IOp) has failed to address the question as to how the circumstances and choices of spouses in a couple should be treated. By omitting information relevant to the spouse in IOp estimations, the implicit assumption was full responsibility for the partner's income, effort and circumstance variables. In this paper, we discuss whether or not the partner's ...
The DIW Berlin organizes its annual workshop on macroeconometricmodelling. The workshop will be held at the German Institute for Economic Research, in the center of Berlin.The aim of the workshop is to bring together academic researchers and practitioners to promote and exchange ideas in the field of macroeconometric modelling.
The Netherlands have been a pivotal supplier in Western European natural gas markets in the last decades. Recent analyses show that the Netherlands would play an important role in replacing Russian supplies in Germany and France in case of Russian export disruption (Richter & Holz, 2015). However, the Netherlands have suffered from regular earthquakes in recent years that are related to the natural ...
This paper investigates the impact of indemnity payments from index insurance on the asset recovery of households after a catastrophic weather disaster occurs. Our focus is on the Index-Based Livestock Insurance (IBLI) in Mongolia. We analyze the effect of IBLI indemnity payments after a once-in-50-year winter disaster struck Mongolia over 2009/10. The database for our analysis is three waves of a ...
How does xenophobic behavior and radical right-wing activity affect ethnic and immigrant minorities' political behavior? The extant literature on radical right-wing and xenophobic politics focuses exclusively on what drives these anti-immigrant political attitudes and behaviors, but does not account for how the targets of this animosity and threat react. Alternatively, the literature on immigrant...
