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Refereed essays Web of Science
Despite mounting evidence on the health effects of natural gas development (NGD), including hydraulic fracturing(“fracking”), existing research has been constrained to high-producing states, limiting generalizability. Toexpand the scope of previous research, we examined the associations between prenatal exposure and NGDproduction activity in 28 states on birth outcomes overall and by race/ethnicity. ...
In:
Preventive Medicine Reports
30 (2022), 102007, 6 S.
| Hailee Schuele, Christopher F. Baum, Philip J. Landrigan, Summer Sherburne Hawkins
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Refereed essays Web of Science
Spillovers from US monetary policy entail spillbacks to the domestic economy. Applying counterfactual analyses in a Bayesian proxy structural vector-autoregressive model we find that spillbacks account for a non-trivial share of the slowdown in domestic real activity following a contractionary US monetary policy shock. Spillbacks materialise as a monetary policy tightening depresses foreign sales and ...
In:
Journal of Monetary Economics
131 (2022), S. 45–60
| Max Breitenlechner, Georgios Georgiadis, Ben Schumann
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Refereed essays Web of Science
Sovereign borrowers may tighten their fiscal stance in order to signal their creditworthiness to lenders. In a model of sovereign debt with incomplete information, I show that a trustworthy country may reduce its debt beyond the optimal level in order to separate itself from less reliable countries. Since austerity is costly, the gains in the price of debt from separating need to be high enough, as ...
In:
European Economic Review
144 (2022), 104090, 27 S.
| Anna Gibert
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Refereed essays Web of Science
Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...
In:
Journal of Housing and the Built Environment
37 (2022), S. 1923–1970
| Alejandro D. Jacobo, Konstantin A. Kholodilin
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Refereed essays Web of Science
Evidence on the effectiveness of foreign exchange (FX) interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and ...
In:
The Review of Economics and Statistics
103 (2021), 5, S. 939–953
| Lukas Menkhoff, Malte Rieth, Tobias Stöhr
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Refereed essays Web of Science
This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a significant dependence of current financial institutions on the inherited legal origin and the colonization type. Findings also reveal that current financial legal institutions are not major determinants of banking ...
In:
Journal of Institutional Economics
17 (2021), 4, S. 561–581
| Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
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Refereed essays Web of Science
This paper examines the role of sovereign default beliefs for macroeconomic fluctuations and stabilization policy in a small open economy where fiscal solvency is a critical problem. We set up and estimate a DSGE model on Turkish data and show that accounting for sovereign risk significantly improves the fit of the model through an endogenous amplification between default beliefs, exchange rate and ...
In:
IMF Economic Review
69 (2021), 2, S. 391–426
| Markus Kirchner, Malte Rieth
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Refereed essays Web of Science
The European Commission’s Scoreboard of Macroeconomic Imbalances is a rare case of a publicly released early warning system. It was published first time in 2012 by the European Commission as a reaction to public debt crises in Europe. So far, the Macroeconomic Imbalance Procedure takes a one-size-fits-all approach with regard to the identification of thresholds. The experience of Central and Eastern ...
In:
Empirica
48 (2021), 1, S. 123–139
| Geraldine Dany-Knedlik, Martina Kämpfe, Tobias Knedlik
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Refereed essays Web of Science
Research background: We are guided by concepts linking political trust with the perceived rank of people in the wealth hierarchy, their confidence in other people, and the means they use to learn about events at home and abroad.Purpose of the article: The aim of the article is to assess and analyse at the micro level the impact of subjective welfare, interpersonal trust and the intensity of usage of ...
In:
Oeconomia Copernicana
12 (2021), 1, S. 77-98
| Marina Yu. Malkina, Vyacheslav N. Ovchinnikov, Konstantin A. Kholodilin
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Refereed essays Web of Science
We study the state-dependent trading behavior of financial institutions in the oil futures market, using structural vector autoregressions with Markov switching in heteroskedasticity. We consider two states of the world: tranquil and turbulent. We decompose the observable time-varying price volatility during the period 2006M6–2016M5 into changes in the slopes of traders’ demand curves and into changes ...
In:
Journal of Economic Behavior & Organization
191 (2021), S. 1011-1024
| Daniel Bierbaumer, Malte Rieth, Anton Velinov