ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 23-071 // 2023

    Financial Literacy, Stock Market Participation, and Financial Well-Being in Germany

    We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big…

  2. ZEW Discussion Paper No. 23-075 // 2023

    In Vi(vi)no Veritas? Expertise, Review Accuracy and Reputation Inflation

    Review systems including quantitative measures as well as text-based expression of experiences are omnipresent in today’s digital platform economy. This paper studies the existence of reputation inflation, i.e.…

  3. ZEW Discussion Paper No. 23-074 // 2023

    Households’ Financial Resilience, Risk Perceptions, and Financial Literacy – Evidence From a Survey Experiment

    We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive)…

  4. ZEW Discussion Paper No. 23-073 // 2023

    Talking in a Language That Everyone Can Understand? Clarity of Speeches by the ECB Executive Board

    We use data on speeches held by members of the European Central Bank's (ECB) Executive Board to analyze whether clarity of central bank communication has increased over time. Employing readability measures as…

  5. ZEW Discussion Paper No. 23-072 // 2023

    Households’ Probabilistic Inflation Expectations in High-Inflation Regimes

    Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation. However, most household surveys use a response scale that is tailored towards low-inflation regimes. Using data…

  6. ZEW Discussion Paper No. 23-070 // 2023

    Do Climate Policies Lead To Outsourcing? Evidence From Firm-Level Imports

    Rising energy prices might lead to adjustments along the supply chain and make firms outsource energy-intensive processes. This could lead to carbon leakage. I provide empirical evidence whether energy…

  7. ZEW Discussion Paper No. 23-069 // 2023

    Is Germany Becoming the European Pollution Haven?

    Relative prices determine competitiveness of different locations. In this paper, we focus on the role of regulatory differences between Germany and other EU countries which affect the shadow price of carbon…

  8. ZEW Discussion Paper No. 23-067 // 2023

    Local Networks and New Business Formation

    New business formation is a key driver of regional transformation and development. While we know that a region’s attractiveness for new businesses depends on its resources, infrastructure, and human capital, we…

  9. ZEW Discussion Paper No. 23-068 // 2023

    High-Profile Crime and Perceived Public Safety: Evidence From Cologne’s New Year’s Eve in 2015

    This study analyses the impact of a high-profile crime event on perceived public safety. At the 2015 New Year's Eve celebrations in Cologne (NYE), Germany, refugees allegedly committed over a thousand crimes,…

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