IWH Research Seminar

Credit Supply and Green Investments

Does an increase in credit supply affect firms' likelihood to invest in green technologies? To answer this question, we use text algorithms to extract information on green investments from the comments to the financial statements of Italian SMEs between 2015 and 2019.

IWH Research Seminar

The Origins of Commodity Price Fluctuations

We build indexes of commodity-price developments by simulating news reading. Our proposed computer-based, narrative approach is flexible and spans all commodity markets, including energy, metals, agricultural and livestock.

IWH Research Seminar

Demographics, Wealth, and Global Imbalances in the Twenty-First Century

IWH Research Seminar

Integrated Intermediation and Fintech Market Power

We document that in the US residential mortgage market, the share of integrated intermediaries acting as both originator and servicer has declined dramatically. Exploiting a regulatory change, we show that borrowers with integrated servicers are more likely to refinance, and conditional on refinance, are more likely to be recaptured by their own servicer.

IWH Research Seminar

Multi-establishment Firm Structure, Subsidies and Spillovers

Publikumsveranstaltungen

Wachstumsschwäche überwinden – In die Zukunft investieren

Vorstellung des Jahresgutachtens 2023/24 des Sachverständigenrats zur Begutachtung der gesamtwirtschaftlichen Entwicklung

IWH Research Seminar

Intermediary Frictions and the Corporate Credit Cycle: Evidence from CLOs

I quantify the contribution of intermediary agency frictions to the cyclicality of lending by collateralized loan obligations (CLOs). CLOs’ cost of debt contains significant compensation for agency problems arising from CLOs’ discretion in trading.

IWH Research Seminar

The Heterogeneous Effects of Carbon Pricing: Macro and Micro Evidence

This paper investigates the economic effects of carbon pricing policies using a panel of countries that are members of the EU Emissions Trading System.

Publikumsveranstaltungen

Eine CO2-neutrale Zukunft: Wie kann das funktionieren?

Dieser Frage widmet sich eine Konferenz am Leibniz-Institut für Wirtschaftsforschung Halle (IWH) am 6. März 2024.

IWH Research Seminar

Information Flow and Market Efficiency - Unintended Side Effects of the Plain Writing Act

This paper investigates the impact of precise language on market efficiency by examining the interplay between regulatory language simplification, as imposed by the Plain Writing Act of 2010, and information asymmetries in financial markets.