(together with Christian Dreger and Marius Fourné), IWH Discussion Paper 7/2022 Abstract: Since the onset of globalisation, production activities have become increasingly fragmented and organised in global value chains (GVC). These networks facilitate trade in intermediaries across industrial sectors and …

Globalization, Productivity, and Labor Compensation Read more »

(together with Hans-Ulrich Brautzsch), Journal of Economic Structures 10, Article 11, 2021. Abstract: We use the World Input–Output Database (WIOD) combined with regional sectoral employment data to estimate the potential regional employment effects of international trade barriers. We study the …

Potential International Employment Effects of a No-Deal Brexit Read more »

(together with Alexander Kriwoluzky and Boreum Kwak), IWH Discussion Paper 17/2020 Abstract: We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock component and a central bank information shock component. We identify both …

Exchange Rates and the Information Channel of Monetary Policy Read more »

(together with Yaz Gulnur Moradoglu) IWH Online 3/2020, 17.06.2020 Abstract: The Corona shutdown increases the probability of corporate bank­ruptcy. An analysis based on corporate financial statements from 2014 to 2018 reveals that in the United Kingdom, 73% of shutdown firms …

Corona Shutdown and Bankruptcy Risk Read more »

(together with Stefan Kooths, Claus Michelsen, Torsten Schmidt and Timo Wollmershäuser) Wirtschafsdienst 100(4), 2020, 254-258 Abstract: According to the leading German economic research institutes, the German economy is experiencing a drastic slump as a result of the corona pandemic. In …

Economy in Shock – Financial Policy is Holding Up Read more »

IWH Discussion Paper 4/2020, April 09, 2020 Abstract: In this paper, a simple integrated model for the joint assessment of epidemic and economic dynamics is developed. The model can be used to discuss mitigation policies like shutdown and testing. Since …

Integrated Assessment of Epidemic and Economic Dynamics Read more »

(together with Stefan Gießler and Katja Heinisch), Journal of Economics and Statistics 241(1), 2021, 1-18. Abstract: We analyze whether, and since when, East and West German business cycles are synchronised. We investigate real GDP, unemployment rates and survey data as …

(Since When) Are East and West German Business Cycles Synchronised? Read more »

(together with Pao-Yu Oei, Hauke Hermann, Philipp Herpich, Benjamin, Lünenbürger and Christoph Schult), Energy – The International Journal, Volume 196, 2020, 117004. Abstract: The present study examines the consequences of the planned coal phase-out in Germany according to various phase-out …

Coal Phase-out in Germany – Implications and Policies for Affected Regions Read more »

(together with Joao Claudio and Katja Heinisch), Empirical Economics 58(1), 2020, 29-54 Abstract: Economic forecasts are an important element of rational economic policy both on the federal and on the local or regional level. Solid budgetary plans for government expenditures …

Nowcasting East German GDP growth: a MIDAS approach Read more »

(together with Felix Pohle) Economic Modelling 89, 2020, 108-121 (earlier version: IWH Discussion Paper 28/2017) Abstract: Income inequality has been a major concern of economic policy makers for several years. Can minimum wages help to mitigate inequality? In 2015, the …

Employment Effects of Introducing a Minimum Wage: The Case of Germany Read more »