Wir untersuchen, ob sich die Betriebsdynamik zwischen Ost- und Westdeutschland signifikant unterscheidet und wie sich diese Unterschiede über die Zeit verändert haben. Anhand des IAB-Betriebs-HistorikPanels analysieren wir für die einzelnen Betriebsgrößenklassen jeweils Gründungen,...

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of historically high inflation. Investors' beliefs about the stock return-inflation relation are very heterogeneous in the cross section and on average too optimistic. Moreover, many...

This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on answers from nearly 60,000 respondents, our data cover the...

We study the redistributive effects of surprise inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth;...

Using randomized control trials (RCTs) applied over time in different countries, we study whether the economic environment affects how agents learn from new information. We show that as inflation rose in advanced economies, both households and firms became more attentive and informed about...

A German policy experiment from 2012 allows me to identify the short-run and longruncausal effects of decentralization on the placement efficiency of public employmentservices (PES). I exploit variation over time and across districts with different types ofPES in a difference-in-differences...

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price ination, and offer an alternative to unconventional monetary policy (Correia et al. (2013)). We use a natural experiment to study the causal effect of unconventional fiscal...

This paper studies whether the decentralization of public employment services (PES) increases job placements among the unemployed. Decentralizing PES has been a widely applied reform used by governments aiming to enhance their efficacy. However, economic theory is ambiguous about its effects,...

This paper presents the main results of three Discrete Choice Experiments designed to estimate youth preferences for different jobs attributes, and their willingness to pay for support services to access wage or self-employment. The experiments took place in urban areas in Kenya. We find that...