Emerging markets have been out of the news for almost two decades. They fared better than advanced economies during the Great Financial Crisis and benefited from the increased global liquidity in its aftermath. This fortunate constellation of events seems to be coming to an end and there are...

This paper studies the association between the levels of individual trust and individual economic performance. I distinguish between generalized trust, a proxy for beliefs about others' trustworthiness, and within-firm trust, i.e. trust in firm management and trust in colleagues. Using rich...

Die 10. Konferenz „Forschen mit dem Mikrozensus“ bietet eine Plattform zur Diskussion von inhaltlichen und methodischen Beiträgen aus allen Arbeitsgebieten der Sozialwissenschaften und angrenzenden Disziplinen. Darüber hinaus dient die Konferenz dem Erfahrungsaustausch zwischen...

Topics include but are not limited to: 1) Dos and don’ts of inflation targeting ; 2) Optimal inflation target and the natural rate of interest in economies with limited transmission ; 3) Constraints of fiscal dominance and optimal balance between fiscal and monetary policy ; 4) Policy with...

We document the presence of significant liquidity costs in Spanish sovereign debt auctions: the larger the auctioned amounts, the lower the issuance price relative to secondary market prices. Motivated by this evidence, we characterize the optimal debt-maturity management problem of a government...

The Deutsche Bundesbank is organizing the eleventh Term Structure Workshop to stimulate the discussion of current developments in the field of yield curve modelling and macro finance. The one-day workshop will bring together researchers from central banks, universities and the financial sector.

Main themes of the conference: - Contemporary and future challenges for cities and regions: Are we ready for them? - Cities and regions facing the economic crisis and global epidemic, - Cities and regions in climate change, - Circular economy for resilient cities, - Uncertainty in local and...

The topic of the Workshop will be SDGs and Human Rights. Panel 1: SDG 5’s Impact on the Human Rights of Women and Girls ; Panel 2: Human Rights Defenders ; Panel 3: Financing and Governance for Human Rights and the SDGs.

Das auf fossilen Energien beruhende, wachstumsabhängige System ist in einer tiefen Krise. 50 Jahre nachdem der Club of Rome in seinem ersten Bericht die ökologischen „Grenzen des Wachstums“ aufgezeigt hat, sind grundlegende planetare Grenzen weit überschritten. Und die aktuellen Krisen...

The economic shocks caused by the COVID-19 pandemic and Russia’s large-scale aggression against Ukraine are likely to reshape the science-policy interface with significant implications for net-zero goals, green growth, and sustainable development. The recent experience from the...