State-contingent debt (SCD) instruments have been proposed as an improvement to sovereign debt markets, but their issuance costs are not well understood. We estimate the SCD premium at issuance and for more than a decade thereafter, employing a quasi-twin bond strategy that uses two very similar...

Das Forschungsprojekt "Bürokratiekosten" erstreckt sich über vier Bände zu vier verschiedenen Regulierungen. Teil 4 widmet sich der Datenschutzgrundverordnung. Hier wurden die erforderlichen Angaben in vier Mitgliedsländern der EU untersucht und die ökonomischen Kosten in der...

This paper argues that the typical practice of performing growth decompositions based on log-transformed productivity values induces fallacious conclusions: using logs may lead to an inaccurate aggregate growth rate, an inaccurate description of the microsources of aggregate growth, or both. We...