1. Referierte Fachzeitschrift // 2018

    Balanced Budget Rules and Fiscal Outcomes: Evidence from Historical Constitutions

    This paper studies the reduced-form effects of constitutional-level balanced budget rules (BBRs) on scal outcomes. Using historical data for a large set of countries dating back to the nineteenth …

  2. ZEW Discussion Paper Nr. 18-039 // 2018

    Higher Taxes on Less Elastic Goods? Evidence from German Municipalities

    German municipalities have substantial autonomy in setting taxes on two distinct tax bases: business profits and property values. We use this setting and a two-step approach to explore whether implemented tax…

  3. ZEW Discussion Paper Nr. 18-033 // 2018

    Web Mining of Firm Websites: A Framework for Web Scraping and a Pilot Study for Germany

    Existing approaches to model innovation ecosystems have been mostly restricted to qualitative and small-scale levels or, when relying on traditional innovation indicators such as patents and questionnaire-based…

  4. ZEW-Finanzmarktreport // 2018

    Oktober 2018

    • Ausblick verbessert sich leicht – Risiken und Chancen liegen im Auslandsgeschäft
    • Eurozone: Konjunkturerwartungen verbessern sich erneut
    • USA: Erwartungen gehen erneut zurück
    • Japan: Konjunkturlage verbessert…
  5. ZEW Discussion Paper Nr. 18-038 // 2018

    Exploration vs Exploitation, Impulse Balance Equilibrium, and a Specification Test for the El Farol Bar Problem

    The paper reports on market-entry experiments that manipulate both payoff structures and payoff levels to assess two stationary models of behaviour: Exploration vs Exploitation (EvE, which is equivalent to…

  6. ZEW Discussion Paper Nr. 18-037 // 2018

    Training in the Great Recession - Evidence from an Individual Perspective

    This paper analyses the effect of the economic crisis in 2008 and 2009 on individual training activities of different employee groups within establishments. We use a unique German linked employer–employee panel…