Veranstaltungen – IWH Halle

03

APR 2017

14:15 - 15:45

IWH Research Seminar

On the Robustness of the Unlevered Capital Asset Pricing Model

Wer

Lammertjan Dam (University of Groningen)

Wo

conference room, Leipziger Straße 100

Firms’ financial leverage can largely explain the value effect, however, we document that the expected return-beta relationship of equity in unconditional tests of the CAPM is more generally distorted by leverage.

Event ansehen

24

APR 2017

14:15 - 15:45

IWH Research Seminar

Returns to ICT Skills

Wer

Oliver Falck (ifo Zentrum für Industrieökonomik und neue Technologien)

Wo

conference room, Leipziger Straße 100

How important is mastering information and communication technology (ICT) in modern labor markets? We answer this question with unique data on ICT skills tested in 19 countries. Our two instrumental-variable models exploit technologically induced variation in broadband internet availability that gives rise to variation in ICT skills across countries and German municipalities.

Event ansehen

08

MAI 2017

14:15 - 15:45

IWH Research Seminar

The Worst of All Worlds: Exchange Rate Adjustment in the Euro Crisis

Wer

Gernot J. Müller (Eberhard Karls Universität Tübingen)

Wo

IWH conference room

Economic performance in the euro area has been heterogeneous during the recent decade. Still, intra-euro area real exchange rates have adjusted only slowly. In this paper, we first document that the half-life of intra-euro area real exchange rates has increased strongly after 2008.

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15

MAI 2017

14:15 - 15:45

IWH Research Seminar

Googling for Risk – Evidence from UK Offshore Deposits

Wer

Matthieu Chavaz (Bank of England)

Wo

IWH conference room

This paper studies the link between bank risk, and the attention that retail depositors pay to it depending on deposit insurance. We propose a new measure of depositor attention, the Google search frequency for a given bank name.

Event ansehen

22

MAI 2017

14:15 - 15:45

IWH Research Seminar

The Impact of Taxes on Income Mobility

Wer

Mario Alloza (Bank of Spain, Madrid)

Wo

IWH conference room

This paper investigates how taxes affect relative mobility in the income distribution in the US. Household panel data drawn from the PSID between 1967 and 1996 is employed to analyse the relationship between marginal tax rates and the probability of staying in the same income decile.

Event ansehen

29

MAI 2017

14:15 - 15:45

IWH Research Seminar

Sorry, We're Closed: Loan Conditions When Bank Branches Close and Firms Transfer to Another Bank

Wer

Steven Ongena (Universität Zürich)

Wo

IWH conference room

We study loan conditions when bank branches close and firms subsequently transfer to a branch of another bank in the vicinity.

Event ansehen

09

JUN 2017

10:15 - 11:45

IWH Research Seminar

Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks

Wer

Christiane Baumeister (University of Notre Dame)

Wo

IWH conference room

Traditional approaches to structural interpretation of vector autoregressions can be viewed as special cases of Bayesian inference arising from very strong prior beliefs about certain aspects of the model.

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19

JUN 2017

14:15 - 15:45

IWH Research Seminar

Uncertainty Shocks in Currency Unions

Wer

Benjamin Born (Rheinische Friedrich-Wilhelms-Universität Bonn)

Wo

IWH conference room

Uncertainty shocks cause economic activity to contract and more so, if monetary policy is constrained by an effective lower bound on interest rates.

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22

JUN 2017

14:15 - 15:45

IWH Research Seminar

Hartz IV and the Decline of German Unemployment: A Selection Based Evaluation

Wer

Christian Merkl (Friedrich-Alexander-Universität Erlangen-Nürnberg)

Wo

IWH conference room

This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits.

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03

JUL 2017

14:15 - 15:45

IWH Research Seminar

Predicting Ordinary and Severe Recessions with a Three-state Markov-Switching Dynamic Factor Model. An Application to the German Business Cycle

Wer

Maik Wolters (Friedrich-Schiller-Universität Jena)

Wo

IWH conference room

We estimate a Markow-switching dynamic factor model with three states based on six leading business cycle indicators for Germany preselected from a broader set using the Elastic Net softthresholding rule.

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