We analyze the relationship between asset prices and the trade balance estimating a Bayesian VAR for a broad set of 38 industrialized and emerging market countries. To derive model-based identifying restrictions, we model asset price shocks as news shocks about future productivity in a two-country dynamic stochastic general equilibrium model. Such shocks are found to exert sizable effects on the trade ...
Overall, children in Germany live in households with below average incomes; therefore social policies that address the vulnerable position of Germany's children are necessary. These policies should cover targeted financial transfers as well as improvements in day care provision for children. With respect to selected non-monetary as well as monetary indicators our empirical analyses show significant ...
This project employs the theory of equality of opportunity, described in Roemer's book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly speaking, equality of opportunity for incomes has been achieved in a country when it is the case that the distributions ...
The current study investigated how night-to-night variations in sleep duration relate to affective well-being the next morning as well as how the relationship varies for people of different ages. Using an Experience Sampling approach, 397 participants aged 12 to 88 years reported their sleep duration and their momentary affect on 9 mornings, on average. Associations between sleep duration during the ...
Since the beginning of the crisis, large Target 2 positions developed on the balance sheets of the national central banks in the euro area. At the height of this development in the middle of 2012, the German Bundesbank disclosed Target-claims vis-à-vis the ECB amounting to around 750 billion euro. Since then, the balances decreased and currently amount to 570 billion Euro, which is still considerably ...
This project provides scientific and organizational support to the BMU with regard to partnership development based on cooperation with the Secretary and selected member states of the Union for the Mediterranean (UfM).
Traditional climate policy targets primarily production-side measures. This project complements this focus by analyzing both conventional and innovative demand-side policies. The project makes an effort to quantify the mitigation potential of these measures under various scenarios, assess the political feasibility as well as their impacts from a macroeconomic perspective. It derives...
We are pleased to announce the 10th anniversary "International Young Scholar German Socio-Economic Panel Symposium", March 20-21, 2014, Delmenhorst (Bremen), Germany.The symposium provides an opportunity for doctoral students and young postdoctoral researchers of all disciplines (e.g. economics, demography, psychology, sociology, public health, geography) to present empirical research ...
