Showing 1 - 10 of 419
Climate change poses several risks to the value of financial assets and financial stability. The study conducted in this paper focuses on the German banking sector and estimates its exposure to climate risks arising from a transition to a carbon-neutral economy. Our analysis identifies the...
Persistent link: https://www.econbiz.de/10013164602
During the financial crisis numerous European governments decided to rescue domestic banks with public funds to prevent a collapse of the banking system. To internalize the public costs, bank levies have been introduced in many countries. This paper analyzes the German bank levy which was...
Persistent link: https://www.econbiz.de/10011571027
This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also...
Persistent link: https://www.econbiz.de/10009771153
portray the labour market outcomes of second generation immigrants in Germany. Special attention is attributed to observable …
Persistent link: https://www.econbiz.de/10003740243
In contrast to West-Germany, illicit drugs were virtually absent in East-Germany until 1990. Yet, after the collapse of … the former GDR, East-Germany was expected to encounter a sharp increase in the prevalence of substance abuse. By analyzing … individual data, we find that East-Germany largely caught up with West-Germany's ever-growing prevalence of illicit drugs within …
Persistent link: https://www.econbiz.de/10003740307
Studies on the effect of ageing on health care expenditures (HCE) have revealed the importance of controlling for time-to-death (TTD). These studies, however, are subject to possible endogeneity if HCE influences remaining life expectancy. This paper introduces a ten year observational period on...
Persistent link: https://www.econbiz.de/10003767521
Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit moral hazard. However, in the absence of moral hazard, voluntarily chosen deductibles may instead lead to self-selection into different insurance contracts. We use a set of new...
Persistent link: https://www.econbiz.de/10003785047
indicators for the US and Germany, we demonstrate that our inflation sentiment indicators improve forecast accuracy in comparison …
Persistent link: https://www.econbiz.de/10003785071
substitutive links between trade flows and outward FDI in line with earlier empirical evidence for Germany. Building upon German …
Persistent link: https://www.econbiz.de/10003811780
This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999-2006. Two models are specified: a partial Vector Error Correction Model (VECM) and a general VECM. In the partial VECM, we look for a long-run...
Persistent link: https://www.econbiz.de/10003811795