Most meetings of the Governing Council of the ECB take place intra muros at the ECB's premises in Frankfurt. Some meetings, however, are held extra muros, i.e. outside Frankfurt, hosted by one of the national central banks. This paper uses high-frequency surprises from meeting days to show that...

Concrete with recycled aggregates ("R-concrete") offers a way to reduce the extraction of natural resources and to close material loops in line with political goals. However, market failures may hamper the efficient use of R-concrete in construction. Various policy instruments can be used in...

We assemble a data set of more that eight million German Twitter posts related to the war in Ukraine. Based on state-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach also allows us to separate this index...

Trotz rund sechs Jahren intensiver Forschung hat bisher keine Zentralbank der Industrienationen digitales Zentralbankgeld (Central Bank Digital Currency, CBDC) eingeführt. In diesem Artikel befassen wir uns mit den Gründen. Wir geben einen kurzen Überblick über den aktuellen Stand der...

This paper provides background information on, and basic descriptive statistics for, a representative survey of the German population conducted on my behalf by GfK in December 2022. It replicates a survey done in December 2021. The main difference affecting answers lies in the different time of...

What are the effects of sanctions and economic support on stock prices and exchange rates in the Russia-Ukraine war? We address this question using a panel-VAR model that incorporates data from 23 countries, besides Russia and Ukraine, spanning the period from 02/01/2022 to 02/24/2023. Our...

Japan has experience reviving its real estate market through the introduction of securitization, and this could work for farmland even though farmland in Japan operates under different property regulations than office buildings and residences. However, farmland usage and its activation would...

Green public procurement of construction activities has the potential to significantly reduce a municipality's environmental footprint. Moreover, it is likely to positively affect its citizens' implementation of green building practices. However, the degree of citizens' acceptance of sustainable...

This study investigates the impact of visual and content-wise partitioning on the truthfulness of self-report forms. In all treatments of this experiment, participants have to report how many correct predictions they have made for five coin tosses. The only difference between treatments is the...

With an ongoing energy transition, the electric network is increasingly challenged. Handling congestion is a major responsibility of network operators. In recent years, market-based approaches to utilize network-supportive exibility, especially local exibility markets (LFMs), have been discussed...