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Unsägliche Industriepolitik und ein übergriffiger StaatReint GroppThe Pioneer, 1. März 2025
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks.
Focusing on both micro and aggregate U.S. data, we document the existence of a significant link between aggregate uncertainty, capital market valuations and reallocation of resources away from risky R&D-intensive capital.
Vorstellung des Frühjahrsgutachtens 2024 der Projektgruppe Gemeinschaftsdiagnose
This paper provides novel evidence that the geographic diversification of banks' deposit base improves their funding stability and fosters liquidity creation.
We suggest an equilibrium mechanism for the widely debated argument that “greedflation” has fostered widespread price hikes.
So geht Forschen!
Using the Gallup Poll since 2001, we uncover a significant gender gap in the tradeoff of environmental and economic benefits.
We study the causal effects and policy implications of global supply chain disruptions.
This paper investigates the role of rights offerings in U.S. Chapter 11 reorganizations as a new market-based mechanism for mitigating bargaining frictions.