We study the labor demand effect of immigration on local labor markets by exploiting the fact that refugees in Germany are banned from working in the first few months after arrival. This natural experiment…
We examine the impact of the COVID-19 pandemic on the formation of energy conservation routines. To do so, we use data from two nationwide surveys of German households, conducted before and during the pandemic.…
We exploit proprietary information on severed correspondent banking relationships — due to the stricter enforcement of financial crime regulation — to assess how payment disruptions impede cross-border trade.…
We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…
Due to the omnipresence of digital technologies in the economy, measuring firm digitalisation is of high importance. However, current indicators show several shortcomings, e.g., they lack timeliness and regional…
We study mechanism design with flexible but costly information acquisition. There is a principal and four or more agents, sharing a common prior over the set of payoff-relevant states. The principal proposes a…
Teleworking has risen to record levels since the COVID-19 outbreak. Beyond supporting business continuity during social distancing, it may contribute to multiple societal objectives in the future where a return…
