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Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

How do households respond when deposit rates drop below zero? Using administrative micro data and exploiting cross-bank variation in interest rate policies, we study a major episode of negative deposit rates in Denmark affecting two thirds of household deposits. We find that households strongly...

Persistent link: https://www.econbiz.de/10015654675

From trade war to green transition : optimal electric vehicle tariffs with revenue-funded subsidies

Barwick, Panle Jia; Collison, Jack; Goldberg, Pinelopi K.; … - 2026

We study the optimal design of trade and industrial policy when governments pursue environmental objectives alongside traditional welfare goals. Motivated by the global transition to electric vehicles (EVs) and growing concerns about competitiveness, energy security, and climate change, we...

Persistent link: https://www.econbiz.de/10015654689

From imposition to lifting : estimating the effects of sanctions over their lifecycle

Kwon, Ohyun; Nagengast, Arne J.; Yoon, Jangsu; Yotov, Yoto - 2026

We combine the latest difference-in-differences estimators for treatments with exit and structural gravity literature to evaluate the effects of sanctions on trade, when they are in place and when they are lifted. Our analysis shows that sanctions reduce trade between senders and targets by 58%,...

Persistent link: https://www.econbiz.de/10015609661

Economic exposure and climate policy support

Bijgaart, Inge van den; Jordaan, Jacob; Felici, Tommaso - 2026

This paper quantifies the relationship between economic exposure to climate policies and climate policy support. We develop a stylised theoretical model to decompose exposure through income, energy spending and vehicle use, and define consistent measures of these exposure channels. We then...

Persistent link: https://www.econbiz.de/10015609848

The sequencing of import tariffs and emissions taxes : does the timing impact economic performance?

Haruna, Shoji; Goel, Rajeev K. - 2026

The intersection of environmental policies and trade policies on external diseconomies has received considerable attention in recent years. However, the impacts of the timing of pollution taxes versus import tariffs on economic performance have not been formally considered, and this forms the...

Persistent link: https://www.econbiz.de/10015609862

Fertility and family leave polices in Germany : optimal policy design in a dynamic frameworK

Wang, Hanna - 2026

I develop and estimate a life-cycle discrete-choice model of fertility and female labor supply to study the optimal design of a range of child-related policies. First, I examine two German reforms that introduced wage-contingent parental leave payments and expanded access to low-cost public...

Persistent link: https://www.econbiz.de/10015592033

Elsewhere in North America : how U.S. tariffs on China boosted Mexico's manufacturing employment and output

Utar, Hâle - 2026

Using administrative longitudinal firm- and plant-level data from Mexico that links manufacturing firms to their customs records and covers the period 2014 - 2023, I examine whether US tariffs targeting China have contributed to a manufacturing revival in the southern part of North America....

Persistent link: https://www.econbiz.de/10015592349

Compensation for indirect carbon costs : impacts on electricity efficiency, production, and emissions

Hagem, Cathrine; Kverndokk, Snorre; Rosendahl, Knut Einar - 2026

The EU Emissions Trading System (EU ETS) leads to higher electricity prices and thus higher costs for electricity-intensive industries in the EU, reducing their competitiveness compared to those in non-EU countries. This disparity may result in carbon leakage, where production shifts abroad,...

Persistent link: https://www.econbiz.de/10015620689

Who scores from hosting sports events? : local spending effects of the EURO 2024

Dorn, Florian; Gasser, Marie-Theres; Kloiber, Kevin; … - 2026

Hosting mega-sports events generates optimistic projections of economic benefits, yet empirical evidence on actual local returns remains mixed. Focusing on the UEFA EURO 2024 in Germany, this paper provides causal evidence on the short-term local consumption effects of hosting mega-events. We...

Persistent link: https://www.econbiz.de/10015626575

Safety switches : the macroeconomic consequences of time-varying asset safety

Foschi, Andrea - 2026

I develop a model-based definition of time-varying sovereign bond safety, and apply it empirically by constructing a news-based index, the FLY, that measures global safe-assets demand. The FLY captures flight-to-safety episodes, the savings glut, and natural interest rate declines. Estimated FLY...

Persistent link: https://www.econbiz.de/10015626787