Die Arbeitsmarktintegration von Flüchtlingen braucht Zeit. Die Beschäftigungsquoten von Flüchtlingen liegen zunächst deutlich unter denen anderer Zuwanderer, steigen dann aber in den ersten zehn bis fünfzehn Jahren nach Zuzug kontinuierlich an. Dennoch bleibt der Arbeitsmarkterfolg von...

Central banks frequently intervene in foreign exchange markets. Using recognized criteria this report analyzes the probability of success in a data set of 4,500 intervention episodes in 33 countries. It is important to differentiate among exchange rate regimes because each focuses on a different...

Zentralbanken, zum Beispiel die schweizerische und die zahlreicher Schwellenländer, intervenieren häufig an Devisenmärkten. Es ist jedoch nicht unmittelbar festzustellen, ob diese Interventionen wirksam sind. Mittels anerkannter Kriterien analysiert dieser Bericht die...

Evidence on the effectiveness of FX interventions in the prevailing higher frequency approaches leaves a gap at horizons going beyond a few days. This is addressed by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Using Japanese data, we...

Immigration has been considered critical for the emergence of a new cleavage in the European Union that pits the winners of globalisation against the losers. Ample research has demonstrated the social structure and the organisational base of this new cleavage. So far, however, there is no study...

This paper connects insights from the literature on cosmopolitan values in political science, anxiety in social psychology, and identity economics in a vignette-style experiment. We asked German respondents about their attitudes towards a Syrian refugee, randomizing components of his description...

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally, we find, for freely...

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally, we find, for freely...

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Applying this approach to the...