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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset.
We exploit detailed data on approved and rejected small-business loans to assess the impact of a new credit registry in Bosnia and Herzegovina.
The labour market is undergoing permanent adjustment processes accompanied by worker mobility, firm dynamics, and structural change.
This paper investigates how financial market imperfections and nominal rigidities interact.
Schlaue Fischer gesucht! Ein Mitmachspiel für Kinder zum Thema Überfischung. Das Anglerspiel ist ein beliebter Geschicklichkeitstest für die Kleinsten. Die etwas Größeren merken bald, dass der Teich schnell leer ist, wenn man sich nicht mit den anderen darauf einigt, dem Fischbestand etwas Zeit zum Erholen zu geben.
The paper examines whether international regulatory harmonization increases cross-border labor migration.
To construct forecasts for time series exhibiting breaks, the paper examines long autoregressions, where the number of lags is growing with T, and possible breaks are simply ignored.
We use the American Time Use Survey (ATUS) 2003-12 to estimate time spent by workers in non-work while on the job. Non-work time is substantial and varies positively with the local unemployment rate.
We analyze optimal capital regulation of imperfectly competitive banks that are confronted with competition from non-regulated banks. We characterize banks as having access to deposit insurance and underly banking regulation in exchange.
This paper addresses the impact of rising international trade exposure on individual earnings profiles in heterogeneous worker-establishment matches.
