This paper introduces digital assets, crypto assets in general, and Central Bank Digital Currency in particular, into an otherwise standard New-Keynesian closed economy model with Financial Frictions. We use this setting to study the impact of a change in preferences towards the use of digital...

Obtaining reliable data on capital is a recurring challenge when estimating economy-wide productivity growth, especially for developing countries. In this paper I construct energy-based productivity series which use energy consumption instead of capital when making such estimates. I first show...

Die Studie analysiert aktuelle Entwicklungen und Trends in den Ländern Zentral- und Osteuropas sowie Süd- und Südosteuropas und deren Implikationen für die österreichische Regionalpolitik. Das Ziel der Studie ist, einen Beitrag zur Evaluierung der gegenwärtigen Regionalpolitik innerhalb...

International trade in intermediate inputs has been identified as a potentially powerful transmission channel for the propagation of foreign shocks to the domestic economy. Moreover, this channel has been found to be amplified through input-output linkages domestically. This note addresses the...

This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...

To mark the 30th anniversary of the fall of the Berlin Wall, this paper aims to assess developments in Central, East and Southeast Europe (CESEE) over the past three decades, and to look forward to what the next 30 years might bring. First, we measure the convergence of per capita income, wages...

Wir untersuchen, ob und wie Unternehmerinnen und Unternehmer den Klimawandel wahrnehmen und sich an diesen anpassen. Unsere Umfrageergebnisse legen nahe, dass die überwiegende Mehrheit der Unternehmerinnen und Unternehmer in Deutschland den Klimawandel und dessen Folgen im Blick hat....

This dissertation consists of four distinct empirical essays that address various aspects of the economics of education. Chapters 2 and 3 show that patience and risk-taking as intertemporal preferences are closely related to differences in student achievement across and within countries. Chapter...

Katharina Wedel prepared this study while she was working at the Center for the Economics of Education at the ifo Institute. The study was completed in September 2023 and accepted as doctoral thesis by the Department of Economics at LMU Munich. It consists of four distinct empirical essays that...

The Internet has significantly expanded worldwide, changing our relationship with the world, and the way we communicate, educate, and inform ourselves. Africa, despite having a very low number of fixed-broadband subscriptions for 100 inhabitants, has not escaped the Internet phenomenon, as the...