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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
The goal of the conference was to promote the exchange of ideas and experience among young economists conducting research in all fields of economics.
Most applied work in international economics treats trade policy (a) as a linear component of trade costs and (b) as an exogenous variable.
This paper extends the classic risk-return tradeoff of asset pricing to a risk-effort tradeoff, by assuming that managerial effort is necessary to generate cash flows. Corporate governance standards influence the manager's return to effort, her exposure to corporate risk, and the dilution of shareholder value.
Previous work has shown that, in a liquidity trap, aggressive government spending cuts can be self-defeating in the short-run due to a higher-than-normal multiplier.
We show that temporary place-based subsidies generate persistent effects on economic density. As our design allows us to control for agglomeration economies, we attribute an important role to policy-induced locational advantage (e. g. capital structures) in explaining persistent spatial patterns of economic activity.
The Department of Structural Change and Productivity at the Halle Institute for Economic Research (IWH) - Member of the Leibniz Association is hosting a workshop on Entrepreneurship and the Labour Market to be held in Halle (Saale) on April 22-23, 2016.
In a meta-analysis of 115 experimental impact evaluations, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy.
Der Aufschwung in Deutschland und im Euro-Raum setzt sich fort. Für Deutschland rechnet der Sachverständigenrat mit Zuwachsraten des realen Bruttoinlands-produkts von 1,9% im Jahr 2016 und 1,3% im Jahr 2017.
We show that occasional deviations from efficient wage-setting generate strong and statedependent amplication of exogenous uncertainty shocks and contribute to explain the observed countercyclicality of empirical measures of aggregate uncertainty.
We analyse whether the increase in trade exposure induced by the rise of China and the transformation of Eastern Europe has been a driver of the severe decline in collective bargaining coverage rates among German establishments from the mid 1990s onwards, which has been identified as a major source of rising wage inequality in Germany.
