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Sanctions against Russia having little economic impact in the short term

Russian economy suffering due to weaker local currency – depreciation of the ruble primarily due to the drop in oil prices, not to sanctions Since 2014, the ruble has fallen by more than 50 percent against the U.S. dollar—and this devaluation is putting the Russian economy under pressure. A study conducted by the German Institute for Economic Research (DIW Berlin) has concluded that the ...

The Ruble between the Hammer and the Anvil: The Impact of Oil Prices and Economic Sanctions

The Russian economy is tightly woven into the global economy, and is therefore highly dependent on the development of exchange rates. Since 2014, the ruble has fallen by more than 50 percent against the US dollar. The de¬valuation goes hand in hand with the Western sanctions that were imposed due to the political tensions between Russia and Ukraine. At the same time, the decline in oil prices may also ...

The Price of Oil Is Having a Stronger Impact on the Ruble's Exchange Rate Than Are the Sanctions: Seven Questions to Konstantin Kholodilin

"The Price of Oil Is Having a Stronger Impact on the Ruble's Exchange Rate Than Are the Sanctions": Seven Questions to Konstantin Kholodilin

Mr. Kholodilin, how has the value of the ruble changed over the past few years? The exchange rate of Russian ruble has dropped considerably. In 2013, one euro was worth roughly 40 rubles; now, one euro is worth around 70 rubles. This devaluation is much stronger than it was during the Great Recession of 2008–2009. This interview with Konstantin Kholodilin is published in DIW ...

Market Structure and Competition in Airline Markets

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Overlapping Political Budget Cycles in the Legislative and the Executive

We advance the literature on political budget cycles by testing separately for cycles in expenditures for elections in the legislative and the executive. Using municipal data, we can separately identify these cycles and account for general year effects. For the executive branch, we show that it is important whether the incumbent re-runs. To account for the potential endogeneity associated with this ...

All-Day Schools and Maternal Labour Supply: The Case of Primary Education in Germany

(together with Ludovica Gambaro and Frauke Peter)This study investigates whether the link between family dissolution and children’s educational attainment is contingent on the broader social and institutional context. The comparison of former capitalist West Germany and socialist East Germany presents an excellent case study as these countries differed considerably with regard to ideology...

Free Allocation and the Endowment Effect in Cap-and-Trade Systems: Evidence from the European Electricity Sector

The Research Seminar on Environment, Resource and Climate Economics (RSERC) is jointly organized by DIW Berlin, TU Berlin, PIK and MCC Berlin. It brings together environmental and resource economists from the Berlin and Potsdam universities and research institutions that discuss latest research by distinguished external scholars or by members of the group.

Combining Price and Quantity Controls Under Partitioned Environmental Regulation

The Research Seminar on Environment, Resource and Climate Economics (RSERC) is jointly organized by DIW Berlin, TU Berlin, PIK and MCC Berlin. It brings together environmental and resource economists from the Berlin and Potsdam universities and research institutions that discuss latest research by distinguished external scholars or by members of the group.

Group Size and the (In)Efficiency of Pure Public Good Provision

The Research Seminar on Environment, Resource and Climate Economics (RSERC) is jointly organized by DIW Berlin, TU Berlin, PIK and MCC Berlin. It brings together environmental and resource economists from the Berlin and Potsdam universities and research institutions that discuss latest research by distinguished external scholars or by members of the group.