Now showing items 1-10 of 33
Erfahrung und Erinnerung als Konstituenten von Erwartungen im ökonomischen Kontext
Über die Zukunft wissen wir nichts. Keynes’ Diktum gilt weiterhin, obschon wir vielfältigst prognostizieren. Dabei aber rekurrieren wir systematisch und statistisch auf alte Datenmuster und Erinnerungen. Erfahrungen bilden ...
Fictional expectations and the global media in the Greek debt crisis
A topic modeling approach
We study the role of global media during the Greek debt crisis and relate it to the transmission of events on financial actors' expectations. To identify news coverage about the Greek debt crisis, we apply topic modeling ...
Theories, techniques and the formation of German business cycle forecasts
Evidence from a survey among professional forecasters
The paper reports results of a survey among active forecasters of the German business cycle. Relying on 82 respondents from 37 different institutions, we investigate what models and theories forecasters subscribe to and ...
Monetary Policy Announcements and Expectations
Evidence from German Firms
We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are key. First, we rely on a Survey of production and price expectations of German firms, that is, expectations ...
Bismarck to no effect: Fertility decline and the introduction of social insurance in Prussia
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard models: if children are desirable in part because they provide security in case of disability or old ...
Discrimination against Foreigners
The Wuerttemberg Patent Law in Administrative Practice
Economists stress the leading role that inclusive institutions play among the various factors that foster a country’s economic growth. In this article, we show that it might be misleading to mistake the codification of a ...
The persistence of ownership inequality.
Investors on the German stock exchanges, 1869–1945
We study the ownership structure of joint-stock firms for the period of 1869 to 1945 based on a unique hand-collected data set. The data covers a selection of 785 general meetings of 276 firms, including details of more ...
Inflation Expectations and the Recovery from the Great Depression in Germany
A regime shift towards increased in inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What ...