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24728 Ergebnisse, ab 11
Externe referierte Aufsätze

Reluctant to Reform? A Note on Risk-Loving Politicians and Bureaucrats

From a political economy perspective, politicians often fail to imple-ment structural reforms. In this contribution we investigate if the resistance toreform is based on the differences in the risk preferences of voters, politicians,and bureaucrats. Based on three surveys among the German electorate, 175members of the Federal German Parliament and 106 officials from Germanministries, this is not the ...

In: Review of Economics 68 (2017), 3, | Tobias Thomas, Moritz Heß, Gert G. Wagner
Externe referierte Aufsätze

Bayesian Inference for Structural Vector Autoregressions IdentifiEd by Markov-Switching Heteroskedasticity

In this study, Bayesian inference is developed for structural vector autoregressive models in which the structural parameters are identified via Markov-switching heteroskedasticity. In such a model, restrictions that are just-identifying in the homoskedastic case, become over-identifying and can be tested. A set of parametric restrictions is derived under which the structural matrix is globally or ...

In: Journal of Economic Dynamics & Control 113 (2020), 103862 | Helmut Lütkepohl, Tomasz Wozniak
Externe referierte Aufsätze

Constructing Joint ConfiDence Bands for Impulse Response Functions of Var Models: A Review

Methods for constructing joint confidence bands for impulse response functions which are commonly used in vector autoregressive analysis are reviewed. While considering separate intervals for each horizon individually still seems to be the most common approach, a substantial number of methods have been proposed for making joint inferences about the complete impulse response paths up to a given horizon. ...

In: Econometrics and Statistics 13 (2020), S. 69-83 | Helmut Lütkepohl, Anna Staszewska-Bystrova, Peter Winker
DIW Berlin - Politikberatung kompakt 150 / 2020

Garzweiler II: Prüfung der energiewirtschaftlichen Notwendigkeit des Tagebaus: Im Auftrag von Greenpeace e.V.

2020| Pao-Yu Oei, Isabell Baunger, Catharina Rieve, Claudia Kemfert, Christian von Hirschhausen
Diskussionspapiere 1873 / 2020

The Macroeconomic Effects of a European Deposit (Re-) Insurance Scheme

While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE model with bank default and bank-government linkages to assess the relative efficiency of such a scheme. We ...

2020| Marius Clemens, Stefan Gebauer, Tobias König
DIW Wochenbericht 21 / 2020

Masterstudium ja oder nein? Gezielte Online-Informationen beeinflussen weitere Studienpläne

Nach wie vor entscheidet sich die Mehrheit der BachelorabsolventInnen für ein Masterstudium, auch wenn die Anteile zurückgehen. Wenig ist jedoch darüber bekannt, was diese Entscheidung beeinflusst und inwiefern dabei Informationen über zusätzliche Erträge eines Masterstudiums und dessen Finanzierung im Vergleich zu einem Bachelorstudium relevant sind. Die vorliegende Analyse auf Basis des Berliner-Studienberechtigten-Panels ...

2020| Jan Berkes, Frauke H. Peter, C. Katharina Spieß, Felix Weinhardt
DIW Wochenbericht 21 / 2020

Wieso der Staat bei den Start-up-Hilfen genau hinsehen sollte: Kommentar

2020| Alexander S. Kritikos
Diskussionspapiere 1871 / 2020

Structural Vector Autoregressive Models with more Shocks than Variables Identified via Heteroskedasticity

In conventional structural vector autoregressive (VAR) models it is assumed that there are at most as many structural shocks as there are variables in the model. It is pointed out that heteroskedasticity can be used to identify more shocks than variables. However, even if there is heteroskedasticity, the number of shocks that can be identified is limited. A number of results are provided that allow ...

2020| Helmut Lütkepohl
Diskussionspapiere 1872 / 2020

Active, or Passive? Revisiting the Role of Fiscal Policy in the Great Inflation

We reexamine whether pre-Volcker U.S. fiscal policy was active or passive. To do so, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. Unlike existing studies, we do not have to treat each policy regime as distinct, separately estimated, models. Rather, SMC enables us to estimate the DSGE model over its entire ...

2020| Stephanie Ettmeier, Alexander Kriwoluzky
24728 Ergebnisse, ab 11