This paper investigates the effect of insolvency regulation reforms on cross-border debt and equity investments at aggregate and sectoral levels. Using disaggregated data from the ECB’s Securities Holdings Statistics by Sector (SHSS) database and the OECD indicators on efficiency of insolvency regulations, we find that investors increase their debt and equity holdings in the countries that undertook ...
Informal care provided by family members is the central pillar of home care in Germany. In view of the increasing need for care and the shortage of skilled workers in formal care, the informal pillar may even gain in importance in the future. It is of central importance that informal caregivers find conditions that make it easier for them to engage in informal care. It is well known that informal...
Energy system models are used for policy decisions and technology designs. If not carefully used, models give implausible outputs and mislead decision-making. One implausible effect is “unintended storage cycling”, which is observable as simultaneous storage charging and discharging. Methods to remove such misleading effects exist, but are computationally inefficient and sometimes ineffective. Through ...
The joint research of the Graduate Center's PhD candidate Laura Pagenhardt and Martin Gornig on the end of Germany's construction boom has been published in the current DIW weekly report. Congratulations!
We study the multifaceted effects of trade policy shocks on financial markets using a structural vector autoregression identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously, but generally negatively. They increase market uncertainty, lower US interest rates, and lead to an appreciation of the US dollar. ...