Topic Business Cycles

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906 results, from 21
DIW Weekly Report 23/24 / 2021

German Economy: Uncertainty Remains despite Rebound: DIW Economic Outlook Summer 2021

By lifting lockdown measures as coronavirus case numbers are rising and the vaccine rollout is proceeding slowly, the German economy is being sent on a stop-go course. Re-opening measures will probably be followed by renewed closures, at least regionally, in order to keep the spread of COVID-19 under control. Nevertheless, industry is robust overall, primarily due to good foreign business. In the service ...

2021| Claus Michelsen, Marius Clemens, Max Hanisch, Simon Junker, Laura Pagenhardt
Diskussionspapiere 1954 / 2021

Disentangling Covid-19, Economic Mobility, and Containment Policy Shocks

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
DIW Weekly Report 25 / 2021

The Case of Deutsche Telekom: How Stock Market Crashes Can Persistantly Affect Household Investment Decisions

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
Diskussionspapiere 1952 / 2021

Optimism Gone Bad? The Persistent Effects of Traumatic Experiences on Investment Decisions

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
Monographien

Essays on Large Data Sets and Unbalanced Panels in Empitical Macroeconomics

Berlin: Freie Universität Berlin, 2021, XLV, 124 S. | Catalina Martínez Hernández
Diskussionspapiere 1967 / 2021

Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms

Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the basic New Keynesian model. By providing firm-level evidence, we are first to validate this proposition. Using local projections and high dimensional fixed effects, we show that a one standard deviation contractionary monetary policy shock decreases firms' labor share by 0.4 percent, ...

2021| Jan Philipp Fritsche, Lea Steininger
Weitere Aufsätze

Estimating the Capital Stock of Transport Infrastructure

In: Roger Vickerman (Ed.) , International Encyclopedia of Transportation
Amsterdam: Elsevier
S. 449-456
| Heike Link
Externe referierte Aufsätze

A Green COVID-19 Recovery of the EU Basic Materials Sector: Identifying Potentials, Barriers and Policy Solutions

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 (2021), im Ersch. [online first: 2021-05-18] | 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
DIW Weekly Report 11 / 2021

German Economy Stuck in Stop-Go Situation: Editorial

2021| Claus Michelsen, Guido Baldi, Paul Berenberg-Gossler, Marius Clemens, Geraldine Dany-Knedlik, Hella Engerer, Marcel Fratzscher, Max Hanisch, Simon Junker, Konstantin A. Kholodilin, Laura Pagenhardt
DIW Weekly Report 11 / 2021

Global Economy: USA and China Leading the Way, Europe Lagging Behind: DIW Economic Outlook Spring 2021

The resurgence of the pandemic and renewed lockdowns have slowed the recovery of the global economy, but the overall losses will be less severe than after the first coronavirus wave in spring 2020. Industry in particular continues to develop well. In contrast, retail trade and personal services have been heavily affected, especially in hard-hit regions such as Europe. However, the fiscal stimulus cushions ...

2021| Claus Michelsen, Guido Baldi, Paul Berenberg-Gossler, Geraldine Dany-Knedlik, Hella Engerer
906 results, from 21
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