Discussion Papers
(together with Boris Kozyrev), IWH Discussion Paper 6/2024 Abstract: In this study, we analyzed the forecasting and nowcasting performance of a generalized regression neural network (GRNN). We provide evidence from Monte Carlo simulations for the relative forecast performance of GRNN …
(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 »
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 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 »
(together with Katja Heinisch and Christoph Schult), Energy Economics 95, March 2021, 105008 (and: IWH Discussion Paper 16/2019). Abstract: In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in …
(with Christoph Schult) Historical Social Research 44(2), 2019 and IWH Discussion Paper 15/2018 Abstract: In this paper, we document the forecasting performance of estimated basic dynamic stochastic general equilibrium (DSGE) models and compare this to extended versions which consider alternative …
IWH Discussion Paper 3/2018 (together with Jan-Christopher Scherer) Abstract: In this paper, we investigate to what extend sovereign stress and banking stress have contributed to this increase in the level and in the heterogeneity of nonfinancial firms’ refinancing costs in …
Macroeconomic Dynamics 24(6), 2020, 1315-1345 and IWH Discussion Paper 34/2017 (together with Andrej Drygalla and Konstantin Kiesel). Abstract: In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ …