Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by the U.S. We challenge this explanation by studying the...

Six randomized control trials were published simultaneously in one issue of the 'American Economic Journal: Applied Economics' in 2015. The studies show no or minimal impact from providing microloans to clients and have led many researchers and policy makers to conclude that microfinance has...

The production of charcoal to meet cooking needs of urban households is one of the main causes of deforestation and degradation of Africa's tropical forests, which offer significant carbon sequestration capacity to the global economy. In collaboration with a reputable local microfinance...

Charcoal is an important cooking fuel in urban Africa. In this paper, we estimate the current number of charcoal users and project trends for the coming decades. Charcoal production is often not effectively regulated, and it hence contributes to forest degradation. Moreover, charcoal has adverse...

Women politicians face barriers that can undermine their performance relative to men. Using original micro-data from Uganda, we test for gender gaps in performance across different job duties in subnational legislatures. We hypothesize, and find, that performance gender gaps are greatest in job...

In this paper, we estimate a small New Keynesian dynamic stochastic general equilibrium (DSGE) model for Germany for the period from 1975 to 1998 and use it to identify the structural shocks, which have driven the business cycle. For this purpose we apply indirect inference methods, that is we...

The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend both, on individual duration in a particular state...

Although the cyclical aspects of worker reallocation are investigated in numerous studies, only scarce empirical evidence exists for Germany. Kluve, Schaffner, and Schmidt (2009) emphasize the heterogeneity of cyclical influences for different subgroups of workers, defined by age, gender and...

Government agencies and other national and international institutions are asked to perform forecasts over the medium term. In particular, the EU Stability and Growth Pact contains the obligation to formulate stability programmes over four years, covering a general economic outlook as well as the...

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off . Communicating about the exit strategy must be an integral part of the exit strategy....