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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
We provide evidence for a causal link between the US economy and the global nancial cycle. Using a unique intraday dataset, we show that US macroeconomic news releases have large and signicant eects on global risky asset prices.
Vorstellung des Herbstgutachtens 2022 der Projektgruppe Gemeinschaftsdiagnose
We use comprehensive micro data in the French manufacturing sector between 1995 and 2017 to document the effects of a fall in the cost of investments in modern manufacturing capital, including modern automation technologies, on employment, wages, sales, prices, and business stealing.
Ein Experten-Dialog zum Thema „Inflation: Welche politischen Maßnahmen sind möglich und nötig?“ mit Reint E. Gropp (IWH) und Jörg Rocholl (ESMT Berlin) im Rahmen der Berlin Science Week 2022.
We analyze jointly optimal emissions taxes and financial regulation in a model with financial frictions and endogenous climate-related transition and physical risks.
We develop a theory of forecast coherence in a firm production setting, which yields a normative ex ante benchmark of first-best coherent forecasts and statistical tests to detect incoherence ex post. Under the null, the forecasts - and the forecast errors - of output and inputs are "close" to one another.
The workshop provides a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aims at bringing together academic researchers and practitioners. We invite applied and theoretical papers dealing with time series and broad macroeconomic topics. Papers that explicitly cover the macroeconomic modelling, forecasting and monetary policy reactions on inflation are particularly welcome.
We propose a simple explanation for the long-run decline in the startup rate. It was caused by a slowdown in labor supply growth since the late 1970s, largely pre-determined by demographics.
This paper documents and theoretically explains a nexus between globalization and wage inequality within plants through internal labor market organization.
