Capital market integration and macroeconomic stability
Abstract: After the establishment of the Banking Union, the European Commission is working on measures to foster capital market deepening in Europe. Key goals for a European Capital Markets Union are...
View ArticleInternational Investments and Current Account Imbalances: The Importance of...
Abstract: Global capital flows have strongly increased from the 1980s until the outbreak of the financial crisis. As a result of this development, Germany's foreign investment has risen to around 250...
View ArticleMonetary Policy Normalization in the Euro Area
Abstract: The ECB announced in October 2018 that it would begin to cut back the amount of monthly asset purchases starting January 2018 while extending the duration of the purchases until at least...
View ArticleWhat determines the Costs of Fiscal Consolidations?
Abstract: Recent studies have proposed several factors that determine how fiscal consolidations affect the economy. This Roundup focuses on several of these determinants. Namely, it discusses how the...
View ArticleThe macroeconomic effects of exchange rate movements
Abstract: The macroeconomic effects of exchange rate movements have been subject to an extensive debate in international economics. Traditionally, much of the discussion was focused on the relation...
View ArticleRegulatory differences and international financial integration
Abstract: The Capital Markets Union (CMU) – an initiative of the European Commission – aims to unify and deepen capital markets across EU Member States by removing existing barriers to cross-border...
View ArticleLinking Cap-and-Trade Systems
Abstract: Linking cap-and-trade systems promises gains in cost effectiveness and signals a strong commitment to carbon policy. Linking is also seen as one possible way of converging from regional...
View ArticleEnvironmental Regulations: Lessons from the Command-and-Control Approach
Abstract: Policy makers have long favored command-and-control (CAC) methods to tackle environmental damage. The number of CAC policies devoted to environmental protection has increased steadily since...
View ArticleInnovative Business Models for Clean-techs
Abstract: The energy transition plays a critical role in climate change mitigation, yet it is not occurring at a speed that effectively meets greenhouse gas reduction targets (IPCC, 2018). Policy...
View ArticleMeasuring the effect of foreign exchange intervention policies on exchange rates
Abstract: Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric...
View ArticleStability Implications of Financial Interconnectedness under the Capital...
Abstract: In the run-up to the European elections in May 2019, the European Commission is trying to advance the initiatives laid out in its action plan for a European Capital Markets Union (CMU). In...
View ArticleDo Default Assignments Increase Savings of the Poor? Empirical Evidence
Abstract: Although households in developing and emerging countries are relatively poor, there is potential to save. For example, one study estimates that up to 8.1% of a poor household’s budget in such...
View ArticleThe Impact of Mobile Money in Developing Countries
Abstract: Mobile money is a success story in terms of facilitating account ownership and payments in developing and emerging countries. Today, telecommunication companies offer mobile money services...
View ArticleWhy are we eating so much meat?
Abstract: There are various reasons why humans may want to reduce their consumption of meat and other animal products. In the following, we lay out important stylized facts about individual meat...
View ArticleRent control effects through the lens of empirical research
Abstract: Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing...
View ArticleThe Impact of Price Display on Financial Decisions
Abstract: Credit decisions play an important role for the economic wellbeing of households. However, the complexity of products and varying price information display makes it hard for consumers to...
View ArticleThe Impact of the War on the Economic Development of Ukraine
Abstract: As of summer 2022, the war in Ukraine has lasted more than three months, caused the deaths of thousands of people, and ruined the lives of millions. It has impacted the world economy and...
View ArticleHow Shocks Affect Stock Market Participation
Abstract: While there is a broad consensus in the literature that stock ownership is associated with individual characteristics, such as wealth, income, risk preferences, and financial literacy, less...
View ArticleOn the relation between trade and democratization
Abstract: 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...
View ArticleEconomic Determinants of Populism
Abstract: The rise of populism challenges numerous Western democracies and their institutions. In this round-up, we examine economic and societal conditions that are driving forces behind populism. We...
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