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In search of an appropriate lower bound. The zero lower bound vs. the positiv...
Using a standard New Keynesian model, we show that moderate side effects of zero lower bound (ZLB) policy suffice for positive lower bound (PLB) policy to pay off in terms of... -
Take your time to grow: A field experiment on the hiring of youths
We investigate the effect of spells of no formal employment of young Germans on their chances of entering the labor market through an apprenticeship. We also study whether the... -
Regional impact of the German rent brake
New rental contracts have risen dramatically in many German places in recent years due to strong influxes and sluggish construction activity. The rent brake should put a stop to... -
Management Practices and Productivity in Germany
Based on a novel dataset, the “German Management and Organizational Practices” (GMOP) Survey, we calculate establishment specific management scores following Bloom and van...
