We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...

It ist examined, how FinTech can lower investment barriers and help households move toward optimal risk-taking, using a unique account-level data on consumption, investments, and FinTech usage from Ant Group. During our sample period, China experienced a rapid increase in FinTech penetration in...

Neugierde ist nicht nur in der Wissenschaft eine ganz wesentliche Voraussetzung für Erfolg, sondern auch für erfolgreiche Organisationen und jeden einzelnen von uns. Welche technischen und gesellschaftlichen Entwicklungen bringen uns die kommenden Jahre, welche Chancen ergeben sich daraus für...

28. Juni 2017 | Forum: Auf dem Industrieforum am ersten Tag präsentieren renommierte Unternehmen Strategien und tauschen ihre Erfahrungen aus der Praxis aus. 29. Juni 2017 | Konferenz : International bekannte Wissenschaftlerinnen und Wissenschaftler stellen auf der Konferenz am zweiten Tag ihre...

Theme: "Entrepreneurship inside Organisations" Programme: Plenary I : Corporate Entrepreneurship – Value of Entrepreneurship inside Organisations. Plenary II: Entrepreneurship and Intrapreneurship: Similarities and Differences. Plenary III : Drivers and Outcome of Intrapreneurial Activities in...

Beim Zukunftsforum 2017 steht die Neuerfindung der Innovation im Mittelpunkt. Disruptive Geschäftsmodelle, kollaborative und agile Arbeitsformen sowie smarte Technologien eröffnen uns ganz neue Möglichkeiten, die Arbeitswelt der Zukunft zu gestalten und unternehmerische Erfolge zu...