Confronted with a significant devaluation pressure on the euro, the European Central Bank (ECB) tried in the fall of 2000 to influence the dynamics of the euro through foreign exchange market interventions. In this paper, we analyze the effectiveness of the intervention policy of the ECB. To...

We used the Wall Street Journal survey data for the period 2006–2012 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away...

We analyze the law of one price (LoP) based on BigMac and Fortnite prices. We find a positive but less than perfect correlation between the over-/undervaluations of the two indices. While we cannot reject the LoP for the Fortnite data, we find that it does not hold for the BigMac data.

Much significant research has been done to shed light on discrimination of females in, for example, labor markets. Less is known, in contrast, about the amount of discrimination in the virtual world of online gaming. In an early study, Castronova (2004) finds that female avatars receive about...

Die Trump-Regierung hat Mexiko Importzölle angedroht, auch um den Bau einer Mauer zwischen den Ländern zu finanzieren, sollte Mexiko die Kosten nicht freiwillig übernehmen. Hier wird untersucht, welche Auswirkungen ein solcher Zoll für beide Länder hätte.