Uncertainty in election outcomes generates politically induced regulatory risk. For monopoly regulation, political parties' risk attitudes towards such risk depend on a fluctuation effect that hurts both parties and an output-expansion effect that benefits at least one party. Irrespective of the...

Burkinis, getrennte Schwimmzeiten für muslimische Frauen und Schwimmbadverbote für männliche Flüchtlinge als Präventionsmaßnahme gegen sexuelle Übergriffe - Schwimmbäder in Deutschland wurden in den vergangenen Jahren vermehrt im Zusammenhang mit einem migrationsbezogenen Wandel...

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety of behavioural and financial variables in the area of household finance. We find that...

This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....