This project will create a methodological framework for embedding a transition model with free (unknown) parameters in a dynamic, small-scale microsimulation. A transition model of this kind will also enable latent and/or only partially observed processes to be represented in a microsimulation. The key element for embedding a transition model with free parameters is a metamodel (or statistical...
The annual summer workshop will take place from June 22nd to June 23rd this year! During those two days, doctoral students of the cohort years 2019 - 2021 will present their current research. We are very much looking forward to it.
Deutsche Konzerne sind hochspezialisiert und resilient. Sie müssen sich jetzt aber beherzt transformieren, sonst ist die Zukunft der Industrie in Gefahr. Dieser Gastkommentar erschien am 10. Januar 2023 im Handelsblatt. Kaum eine Woche vergeht ohne Warnrufe von Unternehmen. Wahlweise melden sie akute Existenzängste oder kündigen an, Aktivitäten ins Ausland verlagern zu wollen. Das Schreckgespenst ...
Das Deutsche Institut für Wirtschaftsforschung (DIW Berlin) begrüßte zur "9. DIW Europe Lecture. Europas Chancen nutzen: Reformen für mehr Wohlstand und Stabilität" Dr. Joachim Nagel, Präsident der Deutschen Bundesbank. Fast auf den Tag genau ein Jahr nach dem Angriffskrieg auf die Ukraine sprach Bundesbankpräsident Dr. Joachim Nagel im Rahmen einer DIW Europe Lecture über die Herausforderung der...
Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the influence of the task-related construct of entrepreneurial self-efficacy, we take a different perspective and ...
We investigate the role of monetary policy in stock price misalignments and explore whether central banks can attenuate excessive mispricing as suggested by the proponents of a “leaning against the wind” monetary policy. Decomposing stock prices into expected excess dividends, an equity risk premium, and a mispricing component, we find that prices fall more strongly in response to an increase in the ...
Annual Summer Workshop from June 22th to June 23th 2023. During the two-day workshop, doctoral students of the years 2019 - 2021 will present their current research.
Minimum wages are increasingly discussed as an instrument against (in-work) poverty and income inequality in Europe. Just recently the German government opted for a substantial ad-hoc increase of the minimum-wage level to euro12 per hour mentioning poverty prevention as an explicit goal. We use the introduction of the federal minimum wage in Germany in 2015 to study its redistributive impact on disposable ...
Von Wolf-Peter Schill Die Abbildung zeigt die Anteile von rein batterieelektrischen Pkw (sowie ergänzend auch von Plug-in-Hybriden) an den monatlichen Neuzulassungen laut Kraftfahrt-Bundesamt. Im Dezember 2022 hatten batterieelektrische Pkw einen Anteil von 33,2 Prozent an den Pkw-Neuzulassungen in Deutschland, das ist bisheriger Rekord. Hinzu kamen 22,2 Prozent Plug-in Hybride. Somit hatten im Dezember ...