Noisy News in Business Cycles
n Monday, April 20, DIW Berlin and its president, Marcel Fratzscher, proudly hosted Jason Furman, Chairman of the Council of Economic Advisers and President Obama’s Chief Economist, to discuss trade and free-trade agreements in a talk attended by about one hundred participants. The talk focused on both old and new theories of the positive effects of trade on growth and middle-class incomes,...
Before the World War I, the urban rental housing market in Germany could be described as a free and competitive market. The government hardly interfered in the relationships between the landlords and ten- ants. The rents were set freely. During the World War I, the market was hit by several violent shocks. The outbreak of the war led initially to a huge outflow of men from cities to the fronts. Towards ...
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in spillovers) and flight-to-quality patterns, exploiting the heteroskedasticity of intraday changes in bond yields for identification. The paper finds that euro ...
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
More than ever, Greece is in dire straits. Even after the Greek government underwent its fifth change since the start of the crisis, the Greek economy did not arrive at a path of sustainable growth. It has become clear that the economy will not achieve prosperity solely through the recommendations of the so-called Troika—now being renamed “the institutions”—which include cutting ...
Biochar is a carbon-rich solid obtained from the heating of biomass in the (near) absence of oxygen in a process called pyrolysis. Its soil incorporation is increasingly discussed as a means to sequester carbon in soils and, thus, to help mitigate climate change. When deployed in agricultural soils in Germany, it has been found by Teichmann (2014a, b) that slowpyrolysis biochar from a wide variety ...
This paper analyses the impact of the introduction of electromobility in Austria, focusing specifically on the potential demand for electric vehicles in the automotive market. We estimate discrete choice behavioral mixture models considering latent variables; these allows us to deal with this potential demand as well as to analyze the effect of different attributes of the alternatives over the potential ...
