This paper examines the relationship between government spending and charitable activity. We present a novel way of testing the 'crowding out hypothesis', making use of the fact that welfare provision under the Old Poor Laws was decided on the parish level, thus giving the heterogeneity we need...

In this paper, we investigate how the choice to conduct interdisciplinary work affects a researcher's career. Using data on 23,926 articles published by 6,105 researchers affiliated with the University of Florida in the period 2008-2013, we show that synthesizing knowledge from diverse fields...

Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...

Öffentliche Investitionen stehen ganz oben auf der wirtschaftspolitischen Agenda in Deutschland. Simulationen mit dem makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes Investitionsprogramm nach spätestens 30 Jahren selbst...

The increasing flows of immigrants in Europe over the last decade has generated a range of considerations in the policy agenda of many receiving countries. One of the main considerations for policy makers and public opinions alike is whether immigrants contribute their "fair" share to their host...

Using panel data models, we analyze the flypaper effects-whether intergovernmental fiscal transfers or states' own income determine expenditure commitments - on ecological fiscal spending in India. The econometric results show that the unconditional fiscal transfers, rather than the states' own...

The recovery from the Covid-19 crisis will force governments to accelerate transformation in their menu of labor market policy tools. The crisis was a stress test for unemployment insurance schemes as it involved a sudden and unexpected shutdown of a very large set of activities. This forced...

The academic world says that the divorce between economists and politicians became visible during the financial crisis that began in 2008, when the economists were criticised for failing to preview the crisis, on the one hand, and, on the other hand, for the slowness in accompanying the...

The failure of public policies is ubiquitous. This paper ascribes this failure to the complex system nature of public policies. A key characteristic of complex systems is that they cannot be closely controlled or predicted. Yet the traditional approach to public policy is fundamentally based on...

This paper introduces the third update/release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and Ukraine. The new update of the GSDB contains a total of...