To which extent does business experience of politicians influence economic policies and economic outcomes? I review the new empirical literature which examines this question. The survey encompasses the literature on business politicians at the national, sub-national and local level. The results...

The US Inflation Reduction Act (IRA) promotes renewable energy and contributes to climate protection, but also offers generous tax credits and subsidies to incentivize production in the United States. While the planned generosity of the program has sparked an intense debate about potential...

Die Auswirkungen des IRA auf die heimische Wirtschaft der Vereinigten Staaten sind umstritten. Empirische Studien zu den Auswirkungen des IRA auf Handelspartner, insbesondere Deutschland, liegen nicht vor. Deskriptive Statistiken zeigen, dass die Vereinigten Staaten insbesondere im Bereich der...

We use the US presidential election on 3 November 2020 to examine how the US president influences economic expectations of international experts. We design a large-scale RCT among 843 experts working in 107 countries, asking about their expectations regarding GDP growth, unemployment, inflation,...

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Vereinbaren nationale Regierungen internationale Abkommen und Verträge, haben sie ein Selbstbindungsproblem: Sie sagen ihren Regierungspartnern aus anderen Ländern zu, dass sich ihr Heimatland in der Zukunft an heute vereinbarte internationale Abkommen und Verträge halten wird. Doch wissen...

We propose that crisis experience influences preferences towards COVID-19 vaccination and the speed of vaccination during the initial phase when vaccines became available. We use macro and micro data to empirically investigate our theory and introduce a novel crisis experience index. Evidence...

We examine how new airport infrastructure influences regional tourism. Identification is based on the conversion of a military air base into a regional commercial airport in the German state of Bavaria. The new airport opened in 2007 and promotes travelling to the touristic region Allgäu in the...