Is it common for central banks to intervene in foreign exchange markets in order to influence exchange rates? And if so, is it effective? From a German perspective, these questions seem surprising, since the European Central Bank (ECB) does not intervene in foreign exchange markets-rather, it...

Die Arbeitsmarktintegration von Flüchtlingen braucht Zeit. Die Beschäftigungsquoten von Flüchtlingen liegen zunächst deutlich unter denen anderer Zuwanderer, steigen dann aber in den ersten zehn bis fünfzehn Jahren nach Zuzug kontinuierlich an. Dennoch bleibt der Arbeitsmarkterfolg von...

In diesem Kapitel wird untersucht, in welcher Weise reguläre und irreguläre Migration die Wohlfahrt beeinflusst. Nettowohlfahrtseffekte betreffen Migrant/innen, Herkunftsländer und Aufnahmeländer in unterschiedlichem Ausmaß und werden von den Merkmalen der Migrant/innen beeinflusst,...

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new...

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new...

Migration aspirations lie at the heart of self-selection into migration. In this paper, we study three questions: How do individual, household, origin-country, and destination-country characteristics interact? What factors are most influential? Who wants to leave in what context? We develop a...

We construct a novel database of monthly foreign exchange interventions for 49 countriesover up to 22 years. We build on a text classification approach that extracts informationabout interventions from news articles and calibrate our procedure to data about actualinterventions. This new dataset...

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new...