Institution
Kiel Institute for the World Economy
Facility•Kiel, Germany•
About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the authors study ethnic discrimination in Europe's largest carpooling marketplace and find that large discrimination effects for drivers with Arab, Turkish or Persian sounding names are observed.
Abstract: We study ethnic discrimination in Europe's largest carpooling marketplace. Using a unique dataset with more than 17,000 rides, we estimate the effects of drivers' perceived name origins on the demand for rides. Carpooling is a novel application for studying ethnic discrimination where consumer choice entails social interaction with the service provider (i.e. driver). We find large discrimination effects for drivers with Arab, Turkish or Persian sounding names. Further analyses support assumptions consistent with statistical discrimination. Our findings broaden the perspective of ethnic discrimination by shedding light on subtle, everyday forms of discrimination in social markets and fuel ongoing discussions about anti-discrimination efforts in an era in which markets increasingly move online.
42 citations
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TL;DR: In this article, central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt, have been studied.
Abstract: We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt. ECB bond buying had a large impact on the price of short and medium maturity bonds, resulting in a remarkable “twist” of the Greek yield curve. However, the effects were limited to those sovereign bonds actually bought. We find little evidence for positive effects on market quality, or spill-overs to close substitute bonds, CDS markets, or corporate bonds. Hence, our findings attest to the power of central bank intervention in times of crisis, but also suggest that in highly distressed situations, this power may not extend beyond those assets actually purchased.
42 citations
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TL;DR: In this paper, the authors focus on the evolution of the relationship between oil prices and dollar exchange rates of 12 oil exporting and importing countries based on a dynamic copula approach and show that extreme events are likelier to occur simultaneously for both series.
Abstract: Oil prices and exchange rates against the dollar have both experienced long swings over the recent decade. Regardless of the great amount of research, some issues are still open to debate. In this vein, this paper focuses on the evolution of the relationship between oil prices and dollar exchange rates of 12 oil exporting and oil importing countries based on a dynamic copula approach. We use daily data for two 5-year periods between 2003 and 2013, taking the collapse of Lehman Brothers as the dividing point. Our results have four main implications: first, the intensity of relationship between oil prices and FX-rates has increased over time even if the peak of the financial crisis is included. Second, the increased tail dependency shows that extreme events are likelier to occur simultaneously for both series. Third, the dependency has become more dynamic after the financial crisis and is therefore better characterized by time-varying copulas. Finally, currencies of oil importers and oil exporters display a...
42 citations
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TL;DR: The board appointment decisions of largely capitalized companies appear to be the driving force behind the existence of a core of directors who are highly central in the entire network while being densely connected among themselves in Germany's corporate network.
Abstract: We consider the bipartite graph of German corporate boards and identify a small core of directors who are highly central in the entire network while being densely connected among themselves. To identify the core, we compare the actual number of board memberships to a random benchmark, focusing on deviations from the benchmark that span several orders of magnitude. The board appointment decisions of largely capitalized companies appear to be the driving force behind the existence of a core in Germany's corporate network.
41 citations
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TL;DR: In this paper, a Dynamic Model Averaging (DMA) framework is proposed for forecasting the price of gold, which allows both the forecasting model and the coefficients to change over time and yields strong time-variation of gold price predictors and favors parsimonious models.
41 citations
Authors
Showing all 325 results
Name | H-index | Papers | Citations |
---|---|---|---|
Richard S.J. Tol | 116 | 695 | 48587 |
Axel Dreher | 78 | 350 | 20081 |
Holger Görg | 67 | 367 | 17161 |
J. Edward Taylor | 50 | 210 | 13967 |
Thomas Lux | 49 | 194 | 11041 |
Dennis J. Snower | 47 | 311 | 9689 |
Xinshen Diao | 46 | 251 | 6568 |
Gabriel Felbermayr | 45 | 272 | 6586 |
Peter Nunnenkamp | 42 | 250 | 5711 |
Ansgar Belke | 42 | 536 | 7383 |
Awudu Abdulai | 41 | 156 | 6555 |
Katrin Rehdanz | 40 | 161 | 6453 |
Martin F. Quaas | 39 | 189 | 5628 |
Michael Hübler | 36 | 194 | 4051 |
Mario Larch | 34 | 146 | 4040 |