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Unemployment Persistence: How Important Are Non-cognitive Skills?

Using a random effects dynamic panel data model and the 2000-2008 waves of the German SOEP this paper shows that non-cognitive skills have a predictive power on unemployment transitions.

Graduation Ceremony of DIW Berlin Graduate Center

What is a better measure for the accomplishment of a doctoral program than its graduates? In this spirit, the DIW Graduate Center doctoral program truly is a success story!As many as seven participants of the GC’s structured training and research program successfully defended their doctoral theses in 2012. Five of them attended this year’s celebratory graduation ceremony on Friday, 14 December ...

Last Call: SOEP Innovation Sample applications until Dec. 31

The SOEP team would like to draw your attention once more to the possibilities of the SOEP Innovation Sample (SOEP-IS) (see also SOEPnewsletter 95 / January 2012) and encourage you to also consider using this instrument when developing new empirical research questions. The SOEP-IS is suitable for short-term experiments, but primarily also for long-term surveys which are not possible in the core ...

Die Nachfrage nach Energie, Mobilität und Freizeit und Auswirkungen der EEG-Umlage

Ein Nachfragesystem, dass Mobilität, Energiegüter und Freizeit (respektive Arbeitsangebot) einschließt, wird mit den Einkommens- und Verbrauchsstichproben (EVS) der Jahre 1998, 2003 und 2008 geschätzt. Getrennt für Single- und Paarhaushalte werden Eigen- und Kreuzpreiselastizitäten berechnet, mit denen die Auswirkungen der EEG-Umlage simuliert werden. Die EEG-Umlage...

Econometric Analyses of Carbon Resource Markets: Dissertation

Carbon resources, mainly the fossil fuels coal, crude oil and natural gas, have been key drivers of global economic development since the industrial revolution, constituting important inputs in the production processes of several sectors, such as power generation, transportation and industry. However, the use of carbon resources has also been a cause of man-made global warming, which is projected to ...

The East German Economy

Liquidity and Asset Prices: How Strong Are the Linkages?

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

Optimal Monetary Policy in a Monetary Union with Housing and Credit Market Heterogeneity

This paper develops a two-country DSGE model for a monetary union in which each country is populated by two types of households - savers and borrowers - and two types of production sectors - a consumption goods sector and a housing sector. Households trade nominal private debt in equilibrium, with the borrowers being subject to a collateral constraint, which is tied to the value of the stock of housing. ...

Foreign Bank Presence and Its Effect on Firm Entry and Exit in Transition Economies

This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries compared to transparent ones. At the same time, the entry of greenfield foreign banks spurred firm creation ...

Foreign Currency Borrowing: The Case of Hungary

We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not find evidence that Hungarian FX borrowers are better educated, wealthier or more risk-loving than their peers. In fact, FX borrowing is a common phenomenon driven mostly by macroeconomic factors: high interest rate spreads, a relatively stable exchange rate and the competition of foreign ...