Deutsche Bundesbank

Nov 5, 2024 | academic.oup.com | Deutsche Bundesbank

Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job search and recruitment, estimated with German data, we analyse the optimal two-tier unemployment system. We find that screening makes the optimal initial benefit level four percentage points higher and the potential benefit duration seven months longer.

Jun 20, 2024 | ffnews.com | Lauren Towner |Joachim Nagel |Deutsche Bundesbank

The Deutsche Bundesbank and the Massachusetts Institute of Technology (MIT) have agreed to conduct a joint research project on central bank digital currency (CBDC). Together with the MIT Media Lab’s Digital Currency Initiative (DCI) research team, the Bundesbank’s experts will investigate new technologies that could potentially be used in the design of CBDC. The MIT DCI is one of the world’s leading research groups in this field.

Jun 11, 2023 | academic.oup.com | Deutsche Bundesbank

What is the rate of return in an economy? It is a simple question, but hard to answer. The rate of return plays a central role in current debates on inequality, secular stagnation, risk premiums, and the decline in the natural rate of interest, to name a few. A main contribution of this article is to introduce a large new data set on the total rates of return for all major asset classes, including housing—the largest but oft-ignored component of household wealth.

Feb 6, 2023 | direct.mit.edu | Deutsche Bundesbank |Nicholas Bloom |Philip Bunn |Paul Mizen

© 2023 by The Bank of England, the President and Fellows of Harvard College and the Massachusetts Institute of TechnologyThe Bank of England, the President and Fellows of Harvard College and the Massachusetts Institute of Technology