DIW Berlin examined the preconditions and probable effects of the quantitative easing in the euro area, and compared it to similar programs in other countries. The bottom line: Although there is heavy pressure on the ECB to take action, monetary policy should not remain isolated.According to the German Institute for Economic Research (DIW Berlin), the European Central Bank’s (ECB) asset purchase ...
The Interview with Prof. Dr. Kerstin Bernoth and Dr. Philipp König is published in DIW Economic Bulletin 13/2015. It is available for Download as pdf document. More issues of DIW Economic Bulletin
Many people are afraid of falling prey to crime. The present report investigates the extent to which this fear is in line with the actual regional crime rates. This analysis is based on data from a comprehensive database on the fear of crime, combined with police crime statistics (specifically, adjusted crime statistics which factor in the "dark figure" of unreported crime). No evidence was found to ...
The most common method of measuring subjective fear of crime in the general population has traditionally been through surveys. With the spread of digital technologies, however, data from social media and search engines could now help researchers learn more about people’s subjective perceptions of certain types of crime. The present article will show that although the analysis of data from social ...
Die drei Aufsätze dieser Dissertation liefern einen Beitrag zur empirischen Literatur bezüglich der Lohnbildung mit besonderem Fokus auf die Rolle von Arbeitsinhalten. Der erste Aufsatz analysiert das Lohngefälle zwischen Männern und Frauen in Hinblick auf die geschlechtspezifischen Tätigkeitsinhalte. Mit Hilfe eines neu zusammengestellten Datensatzes, der deutsche administrative Paneldaten mit individuellen ...
Tomaso Duso (DIW Berlin and DICE), Annika Herr (DICE), and Moritz Suppliet (DICE) were awarded the 2015 Research Award of the German Association for Health Economics (dggö) for the best publication in health economic during 2014 for their paper "The Welfare Impact of Parallel Imports: A Structural Approach applied to the German Market for Oral Antidiabetics" published in Health Economics. The ...
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
The scapegoat theory of exchange rates (2 and 5) suggests that market participants may attach excessive weight to individual economic fundamentals, which are picked as “scapegoats” to rationalize observed currency fluctuations at times when exchange rates are driven by unobservable shocks. Using novel survey data that directly measure foreign exchange scapegoats for 12 exchange rates, we find empirical ...
