Discussion und Working Papers

  1. Discussion and Working Paper // 2025

    Zentralbankkommunikation gemäß KISS-Strategie kann Inflationserwartungen senken

    Um auf die sprunghaft gestiegenen Inflationsraten nach der Pandemie besser reagieren zu können, haben Zentralbanken als zusätzliches geldpolitisches Instrument verstärkt die Kommunikation über den…

  2. Discussion and Working Paper // 2025

    The Effect of Airbnb on Housing Prices: Evidence from the 2017 Solar Eclipse

    This study estimates the causal impact of Airbnb expansion on local housing prices by exploiting the 2017 total solar eclipse as a natural experiment. The eclipse’s path of totality created a exogenous temporary…

  3. Discussion and Working Paper // 2025

    The Distributional Effects of EU Carbon Pricing

    The EU member states have committed to achieving climate neutrality, i.e. netzero greenhouse gas (GHG) emissions, by mid-century. The two emissions trading systems (ETSs) in the EU—ETS1 and ETS2—are the lead…

  4. Discussion and Working Paper // 2025

    Efficiency, Distributional, and Fiscal Effects of Climate Policy: The Case of Fossil Fuel Subsidies and Externalities

    The global public good nature of climate change mitigation and the resulting free-rider problem require a restructuring of the incentives for countries to price fossil energy consumption. Existing empirical…

  5. Discussion and Working Paper // 2024

    Taxing Top Incomes in the Emerging World - Economic Impact under the Microscope

    Rising levels of income inequality and tight government budgets have spurred discussions in many developing nations about how to appropriately tax high-income earners. In this paper, we study taxpayer responses…