Auflistung LIF-SAFE Working Papers nach Titel
Anzeige der Dokumente 78-97 von 334
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Econometrics at Scale: Spark Up Big Data in Economics
(2020-02-06)This paper provides an overview of how to use “big data” for economic research. We investigate the performance and ease of use of di?erent Spark applications running on a distributed ?le system to enable the handling and ... -
Effects of Government Spending on Employment: Evidence from Winners and Runners-up in Procurement Auctions
(2018-05-01)To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions, and compare the employment of the winner of an auction with the employment of the second ranked firm ... -
Endogenous Banks’ Networks, Cascades and Systemic Risk
(2014-06-01)We develop a network model whose links are governed by banks' optmizing decisions and by an endogenous tâtonnement market adjustment. Banks in our model can default and engage in re-sales: risk is transmitted through direct ... -
Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods
(2016-04-18)This paper investigates extensions of the method of endogenous gridpoints (ENDGM) introduced by Carroll (2006) to higher dimensions with more than one continuous endogenous state variable. We compare three different ... -
Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms
(2018-04-25)We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model ... -
Entrepreneurial Spawning: Experience, Education, and Exit
(2016-02-29)We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from ... -
Equilibrium Asset Pricing in Directed Networks
(2018-10-16)Directed links in cash flow networks affect the cross-section of price exposures and market prices of risk in equilibrium. In an asset pricing model featuring mutually exciting jumps, we measure directedness through an ... -
Estimation and Model-Based Combination of Causality Networks
(2017-01-31)Causality is a widely-used concept in theoretical and empirical economics. The recent financial economics literature has used Granger causality to detect the presence of contemporaneous links between financial institutions ... -
EU Agencies in Banking and Energy Between Institutional and Policy Centralisation
(2020-05-28)This working paper suggests to analyse agencification as a double process of institutional and policy centralisation. To that end, it develops a categorisation of agencies that incorporates these two dimensions. More ... -
Euro Membership and Fiscal Reaction Functions
(2013-05-10)The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period ... -
Evaluating the Effectiveness of Policies Against a Pandemic
(2020-11-12)We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We ... -
Exit Strategies
(2014-04-01)We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis ... -
Expl(AI)ned: The impact of explainable artificial intelligence on cognitive processes
(2021-06-25)This paper explores the interplay of feature-based explainable AI (XAI) techniques, information processing, and human beliefs. Using a novel experimental protocol, we study the impact of providing users with explanations ... -
Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments?
(2018-11-01)A number of recent studies have concluded that consumer spending patterns over the month are closely linked to the timing of income receipt. This correlation is interpreted as evidence of hyperbolic discounting. I re-examine ... -
Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
(2020-05-21)We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations ... -
Financial Bridges and Network Communities
(2018-09-29)We analyze the global financial crisis and the European sovereign debt crisis showing that the European network exhibits a strong community structure with two main blocks acting as shock spreader and receiver, respectively. ... -
Financial Constraints and Corporate EnvironmentalResponsibility
(2018-09-13)This paper analyzes the effect of financial constraints on firms' corporate social responsibility. Exploiting heterogeneity in firms' exposure to a monetary policy shock in the U.S., which reduced financial constraints for ... -
Financial Constraints, Newly Founded Firms and the Financial Crisis
(2017-12-14)This paper aims to analyze the effects of financial constraints and the financial crisis on the financing and investment policies of newly founded firms. Thereby, the analysis adds important new insights on a crucial segment ... -
Financial Education for the Disadvantaged? A Review
(2018-04-20)In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both ... -
Financial education, literacy and investment attitudes
(2015-05-01)Based on a sample of university students, we provide field and laboratory evidence that a small scale training intervention has both a statistically and economically significant effect on subjective and objective assessments ...