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Interest Rate Persistence and Monetary Policy Rule in Light of Model Uncertainty
We study how model uncertainty affects the understanding of the interest rate persistence using a generalized Taylor-rule function covering numerous submodels via model average... -
Extreme weather events and economic activity: The case of low water levels on...
We make use of historical data on water levels on the Rhine river to analyze the impact of weather-related supply shocks on economic activity in Germany. Our analysis shows that... -
Good Bye Lenin Revisited: East-West Preferences Three Decades After German Re...
In this paper, we document that living under Communism vs. Capitalism has lasting effects on preferences for a strong government. Relying on the natural experiment of German... -
How do people discount over spatial distance?
This paper studies how individuals discount the utility they derive from their provision of goods over spatial distance. In a controlled laboratory experiment in Germany, we... -
Team performance and the perception of being observed: experimental evidence ...
We exploit the natural experimental setting provided by the Covid-19 lockdown to analyse how performance is affected by a friendly audience. Specifically, we use data on all... -
The gender division of unpaid care work throughout the COVID-19 pandemic in G...
The COVID-19 pandemic and related closures of day care centres and schools significantly increased the amount of care work done by parents. There has been much speculation over... -
Thinning out Spectators: Did Football Matches Contribute to the Second COVID-...
The COVID-19 pandemic has decelerated substantial parts of economic and human interaction. This paper estimates football matches’ contribution to the spread of COVID-19 during... -
Economic complexity and productivity polarization: evidence from Italian prov...
In this paper, we analyze the role of economic complexity as a driver of regional labor productivity growth in Italy. The Economic Complexity Index (ECI) measures the... -
Too Much of a Good Thing? Households’ Macroeconomic Conditions and Credit Dyn...
Favorable macroeconomic conditions, accompanied by optimistic consumer confidence, can stimulate and shape households' expectations in such a way that they gradually extrapolate... -
Missing growth measurement in Germany
Using detailed establishment-level micro data, this paper analyzes for the German case the hypothesis by Aghion et al. (2019), stating that officially published figures for real... -
On the effects of e-participation on shadow economy: A worldwide empirical an...
This paper explores the relationship between the e-participation attitude of citizens and the size of the shadow economy, whose consequences could be detrimental to countries’... -
Market structure and horizontal growth strategies – a case study of the conta...
This article aims to review the structural transformation in the container shipping industry from 1995 to 2020 and identify the growth strategies of global carriers to enhance... -
Immigration and anti-immigrant voting in the 2017 German parliamentary election
We empirically examine the relationship between immigration and votes for the Alternative für Deutschland (AfD) in the 2017 German parliamentary election. We conduct a... -
The Estimation of Reaction Functions under Tax Competition
Most of the empirical literature on tax competition has been using panel models in which each country's tax rate responds to a weighted average of other countries' tax rates,... -
A macro-level analysis of language learning and migration
This article investigates the macro-level drivers of adult-age language learning with a focus on migration based on a new dataset on German language learning in 77 countries... -
“Thanks in Advance” - the Negative Effect of a Polite Phrase on Compliance wi...
This paper studies the effect of the commonly used phrase "thanks in advance" on compliance with a small request. In a controlled laboratory experiment we ask participants to... -
Sudden Stop: When Did Firms Anticipate the Potential Consequences of COVID-19?
COVID-19 hit firms by surprise. In a high frequency, representative panel of German firms, the business outlook declined and business uncertainty increased only at the time when... -
A direct measure of subjective business uncertainty
We present an uncertainty measure that is based on a business survey in which uncertainty is captured directly by a qualitative question on subjective uncertainty regarding... -
Nudging Openly - An Experimental Analysis of Nudge Transparency in a Public G...
Around the world, policy makers and public authorities are increasingly turning to behaviorally informed interventions (“nudges”) in order to help tackle important contexts of... -
The Effects of Financing Rules in Pay-As-You-Go Pension Systems on the Life a...
Empirically, revenues of public pension systems are more volatile than expenditures. Therefore, the question arises how the social security authority should buffer its revenues...
