“Macro Policies in Turbulent Times” – #KKG107 takes a closer look at key issues in monetary and fiscal affairs. Macroeconomically, the recent years have been turbulent times indeed. Both the pandemic as well as the energy crisis brought about new challenges for monetary and fiscal...

The 2023 Easter School will be hosted by the University of Bristol and will be an in-person event at the University campus. The school will consist of guest lectures, presentations by participants and policy sessions over three days along with a social element to allow for networking. The Easter...

We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

The School, a one-day event, will take place on the day before the start of the Simposio de la Asociación Española de Economía (SAEe) in Valencia. The lectures will be given by Christopher Rauh (University of Cambridge) and Michael Weber (University of Chicago Booth School of Business on the...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

Le panel présentera une discussion sur l’économie et l’éthique de la distribution des vaccins.

China has established its role as a major world lender, and policy changes affecting its external position would therefore have pronounced effects over a range of countries and on the global financial landscape in general. In this paper, I characterize China’s external asset holdings and macro...

Seit 1992 veranstaltet die Gesellschaft in Zusammenarbeit mit dem Statistischen Bundesamt das Wiesbadener Wissenschaftliche Kolloquium zu speziellen Fragestellungen der Wirtschafts- und Sozialstatistik. Die jährlich statt­findenden Kolloquien bieten ein Forum für den Dialog zwischen amtlicher...