In Deutschland sind derzeit wieder so hohe Inflationsraten zu verzeichnen wie zuletzt im Wiedervereinigungsboom. Was sind die Ursachen dafür? Wie sind unterschiedliche Bevölkerungsgruppen davon betroffen? Wie sieht es in den anderen Ländern der Europäischen Währungsunion aus? Besteht die...

It has been argued that rising dowry payments are caused by population growth. According to that explanation, termed the "marriage squeeze," a population increase leads to an excess supply of brides since men marry younger women. As a result, dowry payments rise in order to clear the marriage...

Substantial earnings differences exist across majors with the majors that pay well also having lower grades and higher workloads. We show that the harsher grading policies in STEM courses disproportionately affect women. To show this, we estimate a model of student demand courses and optimal...

Substantial earnings differences exist across majors with the majors that pay well also having lower grades and higher workloads. We show that the harsher grading policies in STEM courses disproportionately affect women. To show this, we estimate a model of student demand courses and optimal...

Since the foundational work of Keynes (1936) macroeconomists have emphasized the importance of agents' expectations in determining macroeconomic outcomes Yet in recent decades macroeconomists have devoted almost no effort to modeling actual empirical expectations data instead assuming all...

Sticky-price models with rational expectations fail to capture the inertia in US inflation Models with backward-looking expectations capture current inflation behavior but are unlikely to fit other monetary regimes This paper seeks to overcome these problems with a near-rational model of...