. We provide evidence that strategic housing policy decisions - i.e. granting additional building permits early in the …

substantially over time, rationalizing a trend to ever taller buildings. The land price elasticity of height is larger for …

This paper studies the effectiveness of building height limits as a policy to limit greenhouse gas (GHG) emissions. It … shows that building height limits lead to urban sprawl and higher emissions from commuting. On the other hand, aggregate … total GHG emissions may be lower under building height restrictions, but only when they are very strict. Welfare is not …

European emissions trading systems. Installing heat pumps in the building stock will require high investments and thus make any …

The German residential building stock is only insufficiently retrofitted in terms of energy efficiency; heating is very …

shocks. However, some recent studies have documented puzzling effects of these shocks on private-sector forecasts of GDP … change monetary policy and the private sector to revise its forecasts. We provide substantial new evidence that distinguishes …

the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in … to establish the social value of improving hurricane forecasts. On the margin, the value of hurricane information is …

In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and …

persistently revised downwards after the Great Recession. We decompose PO revisions into revisions of the capital stock, trend … labor, and trend total-factor productivity (TFP). Initially, trend TFP revisions contribute most to the overall PO revisions … while revisions of trend labor, mainly driven by revisions of the non-accelerating wage rate of unemployment (NAWRU), are …