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Publication
What is the role of coalitions in enforcing sanctions? In a newly released study, researchers at IfW Kiel and DIW Berlin analyse the economic impact of jointly implementing punitive measures in the context of the 2012 Iran and 2014 Russia sanctions. They find that coalitions serve two crucial purposes -- they not only magnify the economic cost imposed on the target but also reduce domestic costs for ...
28.10.2022| Sonali Chowdhry
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Berlin Applied Micro Seminar (BAMS)
28.02.2022| Yanos Zylberberg (University of Bristol)
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Brown Bag Seminar Industrial Economics
What is the “right” geographic definition of relevant markets? We study how unexpected and exogenous increases in excise duties in petroleum products were passed-through to retail prices in the Athens region and examine how the degree of the pass-through varies across different geographic relevant markets. Using various definitions of the relevant geographic market, we find that the most...
14.06.2023| Themistoklis Kampouris, DIW Berlin
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DIW Roundup
Whether trade can achieve societal change is a contested topic and difficult to investigate. This round-up aims at summarizing recent empirical research on this topic while focusing on democracy and democratization as an important part of societal change. No robust results for change arising from trade can be found, but there exists an inverse causality, i.e., democratization leading to more trade...
20.03.2023
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Brown Bag Seminar Industrial Economics
We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we study how changes in VAT rates are passed through to consumers in islands with different number of retailers. We show that pass-through increases with competition, going from 50% in monopoly to around 80%...
29.03.2023| Themistoklis Kampouris, DIW Berlin
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Brown Bag Seminar Industrial Economics
This paper provides novel empirical results on the welfare impact of sanctions when countries coordinate their sanctions packages. To do so, weconduct simulations with the Caliendo and Parro (2015) CGE model of the world economy that provides changes in welfare under different hypothetical setups of sanctions coalitions. Focusing on the 2012 wave of sanctions against Iran and the 2014 sanctions...
07.04.2022| Sonali Chowdhry, Kiel Institute for the World Economy
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Externe referierte Aufsätze
In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local energy markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local energy markets. We show that local energy markets yield competitive equilibrium prices and ...
In:
The Journal of Industrial Economics
71 (2023), 3, S. 855-882
| Pio Baake, Sebastian Schwenen, Christian von Hirschhausen
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Diskussionspapiere 1995 / 2022
We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy through indirect general equilibrium effects while simultaneously ruling out the forward guidance puzzle and remaining stable at the effective lower bound. ...
2022| Oliver Pfäuti, Fabian Seyrich
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Diskussionspapiere 1994 / 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and from an information RCT. As novel findings, we show that price expectations exhibit mean reversion in the ...
2022| Niklas Gohl, Peter Haan, Claus Michelsen, Felix Weinhardt
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Externe referierte Aufsätze
Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...
In:
Journal of Housing and the Built Environment
37 (2022), S. 1923–1970
| Alejandro D. Jacobo, Konstantin A. Kholodilin