perform matching estimations to analyse the treatment effect on the treated. In the cross-section estimation, we find …-participants. Therefore, we combine matching with difference-in-difference estimation (to control for unobserved heterogeneity), Doing so, we … matching estimation can be decomposed into a causal effect (6%-points), correlated unobserved heterogeneity and negative spill …

In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … Germany and the rest of EMU affected GDP growth and unemployment during the crisis. Not surprisingly, stimulus programmes … policy on domestic GDP growth was only small, however, amounting to a maximum of 1.6% for Germany and 0.8% for the rest of …

unemployment in Germany, as well as several usually not observed characteristics like personality traits, attitudes, expectations …, which appear as relevant for the participation probabilities, do not matter for the estimation of effects of the programs …

receive less attention. Yet, a popular argument for a federal minimum wage in Germany is that it will prevent in-work poverty …

theory to a flexible unobserved components model: we disentangle permanent and transitory components of matching efficiency …