In July 2022, the ECB started to gradually increase the key interest rate in order to bring the increased inflation back into the target corridor. An increase in the cost of capital for countries and companies could be observed much earlier. This increase of cost was more significantly caused by...

Im Juli 2022 hat die EZB angefangen, den Leitzins schrittweise zu erhöhen, um so die gestiegene Inflation wieder in den Zielkorridor zu führen. Ein Anstieg der Kapitalkosten für Staaten und Unternehmen war schon deutlich früher zu beobachten. Maßgeblich verursacht wurde dieser Anstieg...

In cases of non-compliance with a prescribed treatment, estimates of causal effects typically rely on instrumental variables. However, when participation is also misreported, this approach can be severely biased. We provide an instrumental variable method that researchers can use to identify the...

In cases of non-compliance with a prescribed treatment, estimates of causal effects typically rely on instrumental variables. However, when participation is also misreported, this approach can be severely biased. We provide an instrumental variable method that researchers can use to identify the...