This paper discusses empirical approaches macroeconomists use to answer questions like: What does monetary policy do? How large are the effects of fiscal stimulus? What caused the Great Recession? Why do some countries grow faster than others? Identification of causal effects plays two roles in...

This paper discusses empirical approaches macroeconomists use to answer questions like: What does monetary policy do? How large are the effects of fiscal stimulus? What caused the Great Recession? Why do some countries grow faster than others? Identification of causal effects plays two roles in...

We evaluate the effects of the most frequently used German welfare-to-work program on the employment chances of immigrant welfare recipients. In particular, we investigate whether program effects differ between immigrants and natives and what might cause these potential differences. Our results...

Der Beitrag evaluiert die Wirkungen eines Betreuungsgeldes bei gleichzeitigem Ausbau der öffentlich geförderten Tagesbetreuung für Kinder im Alter von 13 bis 36 Monaten. Wir schätzen mit SOEP-Daten und unter Berücksichtigung partiell beobachtbarer Rationierungen im Betreuungsbereich ein...