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Infographic
10.01.2023
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DIW Weekly Report 1/2 / 2023
Following the construction boom of recent years in Germany, inflation and supply bottlenecks hit the industry hard in 2022. While nominal construction volume increased by nearly 14 percent, it decreased by two percent when adjusted for inflation. Residential construction, which is urgently needed, was particularly affected. In 2023 and 2024, it is expected that investors will show restraint and that ...
2023| Martin Gornig, Laura Pagenhardt
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Externe referierte Aufsätze
We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...
In:
The Journal of Technology Transfer
im Ersch. (2023), [Online first: 2022-08-08]
| Ioannis Giotopoulos, Alexander S. Kritikos, Aggelos Tsakanikas
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Externe referierte Aufsätze
This paper examines how wealth and income inequality dynamics are related to fluctuations in the functional income distribution over the business cycle. In a panel estimation for OECD countries between 1970 and 2016, although inequality is, on average countercyclical and significantly associated with the capital share, one-third of the countries display a pro- or noncyclical relationship. To analyze ...
In:
Macroeconomic Dynamics
(2023), im Ersch. [online first:2021-11-18]
| Marius Clemens, Ulrich Eydam, Maik Heinemann
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Externe referierte Aufsätze
The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by helping investors to make informed decisions. However, especially in transition sectors much depends on the stringency ...
In:
Journal of Sustainable Finance & Investment
(2023), im Ersch. [online first: 2021-12-08]
| Franziska Schütze, Jan Stede
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Diskussionspapiere 2033 / 2023
This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by affecting domestic and global energy prices. This “energy-price channel” of monetary policy plays an important ...
2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
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Externe referierte Aufsätze
In:
International Journal of Housing Policy
im Ersch. (2023), [Online first: 2023-02-20]
| Konstantin A. Kholodilin, Sebastian Kohl
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Externe referierte Aufsätze
This paper investigates the effect of insolvency regulation reforms on cross-border debt and equity investments at aggregate and sectoral levels. Using disaggregated data from the ECB’s Securities Holdings Statistics by Sector (SHSS) database and the OECD indicators on efficiency of insolvency regulations, we find that investors increase their debt and equity holdings in the countries that undertook ...
In:
Journal of International Money and Finance
131 (2023), 102795
| Tatsiana Kliatskova, Loïc Baptiste Savatier, Michael Schmidt
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Externe referierte Aufsätze
In this paper, we investigate how European households changed the diversity of their financial portfolios in response to the Great Financial and the subsequent European Debt Crisis. For this purpose we apply a Difference-in-Differences (DiD) approach estimated as a correlated random effects (CRE) model to six waves of the Survey of Health, Ageing and Retirement in Europe (SHARE). We find that households ...
In:
International Review of Economics and Finance
83 (2023), S. 330-347
| Dorothea Schäfer, Andreas Stephan, Henriette Weser
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Schumpeter BSE Macro Seminar
28.06.2022| Matthias Rottner, Bundesbank