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We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
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We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US. To do so, we resort to the decomposition...
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Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership decision, and could thus explain part of the...
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This paper addresses the question of how firms react to tax incentives in a formula apportionment (FA) tax regime. Under FA, profits of all consolidated entities of a business group are summed and then allocated according to a formula based on FA factors. We hypothesize that firms may change the...
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In diesem Discussion Paper wird der Zwischenbericht der Studie "Zugang zum Recht in Berlin" unter der Leitung von Prof … - aus welchen Gründen - nicht? Welche Hürden müssen beim Zugang zum Recht überwunden werden? Diese Fragestellungen werden in …-)gleichen Zugang zum Recht von Bürger*innen. Das Projekt, das in seiner zeitlichen Perspektive bis 2025 angelegt ist, soll diese …
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