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DIW Weekly Report 25 / 2021
Since decades, only one fourth of German households invest in shares. One exception was during the three IPOs from 1996 to 2000 of the Deutsche Telekom, which gave Germans a taste to enter the stock market. However, the fall in the share price shortly after the second IPO, followed by corruption scandals of the company, put an end to their enthusiasm. The present study based on SOEP data shows that ...
2021| Chi Hyun Kim, Alexander Kriwoluzky
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Diskussionspapiere 1954 / 2021
We study the dynamic impact of Covid-19, economic mobility, and containment policy shocks. We use Bayesian panel structural vector autoregressions with daily data for 44 countries, identified through sign and zero restrictions. Incidence and mobility shocks raise cases and deaths significantly for two months. Restrictive policy shocks lower mobility immediately, cases after one week, and deaths after ...
2021| Annika Camehl, Malte Rieth
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Refereed essays Web of Science
This paper provides a review of trends in third generation nuclear power plants, and analyzes current and future nuclear power plant investments using Monte Carlo simulations of economic indicators. We first review global trends of nuclear power plant investments, including technical as well as economic trends. The review suggests that cost escalations in the sector observed in previous research continue ...
In:
Renewable and Sustainable Energy Reviews
143 (2021), 110836, 13 S.
| Ben Wealer, Simon Bauer, Christian von Hirschhausen, Claudia Kemfert, Leonard Göke
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Diskussionspapiere 1952 / 2021
Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the last time Germans invested in stocks.” Using Socio-Economic Panel (SOEP) household survey data, I show that ...
2021| Chi Hyun Kim
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Refereed essays Web of Science
This paper explores climate-friendly projects that could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production, enhanced sorting, and recycling of steel, cement, aluminium, and plastics, are combined with insights from interviews ...
In:
Climate Policy
21 (2021), 10, S. 1328-1346
| Olga Chiappinelli, Timo Gerres, Karsten Neuhoff, Frederik Lettow, Heleen de Coninck, Balázs Felsmann, Eugénie Joltreau, Gauri Khandekar, Pedro Linares, Jörn Richstein, Aleksander Śniegocki, Jan Stede, Tomas Wyns, Cornelis Zandt, Lars Zetterberg
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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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Press Release
The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring. In their autumn report, the leading German economic research institutes have revised their economic outlook downwards by roughly one percentage point for both this and next year. They now expect gross domestic product to fall by 5.4 percent in 2020 (previously -4.2%) and to grow ...
14.10.2020
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Berlin Lunchtime Meeting
Europe and Germany are being hit by a historic shock due to the Covid-19 pandemic. Economic activity is going to shrink substantially this year, with lockdown measures having led to sharp contractions in economic output, household spending, corporate investment and international trade. Will we see a strong and sustainable recovery? Investment is central to reboot economic activity and to...
18.06.2020| Debora Revoltella, Jakob von Weizsäcker
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DIW focus
Already after the financial crisis in 2008/2009 there was a debate on whether elements aiming at sustainable development can be part of the stimulus packages and support the recovery of the economy. Despite the instinct of policy makers to prioritise battle-tested policies during a crisis, significant levels and different types of climate-friendly components were integrated in the 2009 stimulus...
11.05.2020| Olga Chiappinelli, Marius Clemens, Mats Kröger, Nils May, Karsten Neuhoff, Jörn C. Richstein, Xi Sun
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Press Release
The coronavirus pandemic is triggering a severe recession in Germany. Economic output will shrink by 4.2 percent this year. This is what the leading economics research institutes expect in their spring report. For next year, they are forecasting a recovery and growth of 5.8 percent.
Gross domestic product is likely to have shrunk by 1.9 percent in the first quarter of 2020 alone. In the second quarter, ...
08.04.2020