1. Discussion and Working Paper // 2024

    Forceful or Persistent: How the ECB's New Inflation Target Affects Households' Inflation Expectations

    The ECB announced a new monetary policy strategy in July 2021. In contrast to the previous strategy of aiming at inflation close to, but below 2%, it now pursues a symmetric 2% inflation target over the medium…

  2. Discussion and Working Paper // 2023

    Child Penalty Estimation and Mothers' Age at First Birth

    Motherhood continues to pose significant challenges to women’s careers, and a correct assessment of its effects is crucial for understanding the persistent gender inequality in the labor market. We show that the…

  3. Discussion and Working Paper // 2023

    Favoritism by the Governing Elite

    In this paper, we study the extent to which ministers engage in regional favoritism. We are
    the first to provide a comprehensive analysis of a larger set of the governing elite, not just
    focusing on the primary…

  4. Discussion and Working Paper // 2023

    Bureaucratic Frictions and Innovation Procurement

    Is work overload a friction to public agencies? Using data on R&D procurements, patents, and contracting units from a US federal agency, we investigate how officer workload impacts innovation procurement…