CRC TR 224 EPoS Bonn-Mannheim

Twitter account of Collaborative Research Center Transregio 224 "Economic Perspectives on Societal Challenges" at University of Bonn & University of Mannheim

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Utility Maximization Under Endogenous Uncertainty" by Ayush Gupta is now available: https://t.co/ScFKeOVFhz

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

General conditions for the existence of an expected utility maximizer when the choice of action affects the probability distribution of outcomes

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Passive Investing, Diversification Risk and Financial Stability" by I. Gufler is now available: https://t.co/ogM8gWTOUs

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

Passive investing trades lower firm-specific risk for a higher market-wide risk floor: it synchronizes stock
returns, so the minimum volatility of a long-only equity portfolio is 3.3% higher and diversification benefits are lower.

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Opt In? Opt Out?" by Alex Chan, Ayush Gupta, Yetong Xu is now available: https://t.co/OYJ2gtmiOD

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

Does making organ donation opt-out increase donations?

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"When Wording Changes What We Find: The Impact of Inflation Expectations on Spending" by Tiziana Assenza, Anna Mogilevskaja, Stefanie Huber, Tobias Schmidt is now available: https://t.co/ywHwdAVNoS

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

Do households’ inflation expectations influence their spending? It depends on how you ask! Our survey experiment shows that the type of consumption question can change the sign, magnitude, and statistical significance of the estimated relationship.

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Learning from Stories, Statistics, and Narratives" by Thomas Graeber, Christopher Roth, Florian Zimmermann is now available: https://t.co/rdEHTjbfF8

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

Stories, statistics, narratives, models: new review by Graeber, Roth & Zimmermann maps how each shapes beliefs. Qualitative info engages memory and imagination, so it persuades more, lasts longer, and senders know it.

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Utility Maximization Under Endogenous Uncertainty" by Ayush Gupta is now available: https://t.co/FKeMTH1pjl

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

General conditions for the existence of an expected utility maximizer when the choice of ac on affects the probability distribution of outcomes

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Market Inquiries for Digital Markets: Lessons from South Africa" by Martin Peitz is now available: https://t.co/uGeQ6fftoH

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

How far does South Africa’s market-inquiry instrument performs the functions of digital-specific regulation? New paper

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Foreclosure and Exploitation through Recommendation Power1" by Jens-Uwe Franck, Martin Peitz is now available: https://t.co/exIJFK6DgO

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

Platforms decide which offers we see. When does that become foreclosure or exploitation? New paper on theories of harm from recommendation power and how to assess them.

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"Study Assesses Effects of Climate Policy Costs on German Manufacturers" Press Release by Prof. Kathrine von Graevenitz is now available: https://t.co/iQ2ftOXmIc

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

• Analysis of 75,000 German manufacturers (2000–2019) • Firms receiving compensating support within EU ETS were less likely to shut down • EPoS Economic Research Center at Bonn and Mannheim publishes results

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

"The Power of Persistence How Demand Shocks and Monetary Policy Shape Macroeconomic Outcomes" by Fabrice Collard, Patrick FèVe, Philipp Wangner is now available: https://t.co/F5jpqOTrIX

[CRC TR 224 EPoS Bonn-Mannheim @EPoS224]

In New Keynesian models, a more persistent demand shock does not always generate a larger output multiplier. The interplay between persistence and monetary policy creates 3 regimes; in the empirically relevant one, the multiplier is hump-shaped.