We examine a setting of independent private value auctions where bidders can covertly acquire gradual information about their valuations. We demonstrate that a dynamic pivot mechanism implements the rst-best…

• Neuwahlen und EZB-Geldpolitik lassen Konjunkturerwartungen steigen
• Eurozone: Leichter Optimismus trotz anhaltender Unsicherheiten
• USA: US-Konjunktur bleibt robust
• China: Erwartete Konjunkturstabilisierung
• …

An eventful year is drawing to a close, and with the last issue of ZEW Monthly 2024 we would like to take the opportunity to look back on some of the defining moments at ZEW in 2024. We present a selection of…

We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy. Survey respondents make little difference between the previous strategy of targeting…

This paper examines the legal consequences and assesses the economic impact of the differing tax treatment of investment funds in Portugal, Germany, and Luxembourg before and after the Allianzgi-Fonds case…

We construct a novel dataset of human capital accumulation in China and India from 1900 to 2020 by combining historical records and educational reports to analyze the role of education in economic divergence.…

Many industrialized countries have recognized the need to mitigate energy cost increases faced by low-income households by fostering the adoption of energy-efficient technologies. How to meet this need is an…

We assess the impact of discrimination on Black individuals' job networks across the U.S. using a two-stage  eld experiment with 400+  fictitious LinkedIn pro les. In the  first stage, we vary race via…