How Much Should We Trust Estimates from Multiplicative Interaction Models? Simple Tools to Improve Empirical Practice
Citations
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Cited by:
- Wright, Austin L. & Sonin, Konstantin & Driscoll, Jesse & Wilson, Jarnickae, 2020.
"Poverty and economic dislocation reduce compliance with COVID-19 shelter-in-place protocols,"
Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 544-554.
- Sonin, Konstantin & Wright, Austin L. & Driscoll, Jesse & Wilson, Jarnickae, 2020. "Poverty and Economic Dislocation Reduce Compliance with COVID-19 Shelter-in-Place Protocols," CEPR Discussion Papers 14618, Centre for Economic Policy Research.
- Austin L. Wright & Konstantin Sonin & Jesse Driscoll & Jarnickae Wilson, 2020. "Poverty and Economic Dislocation Reduce Compliance with COVID-19 Shelter-in-Place Protocols," Working Papers 2020-40, Becker Friedman Institute for Research In Economics.
- Iñigo Iturbe-Ormaetxe & Santiago Sanchez-Pages & Angel Solano-Garcia, 2023. "Contested Elections And The Power Of New Voters: The Impact Of Extending Voting Rights To Non-Citizens," ThE Papers 23/11, Department of Economic Theory and Economic History of the University of Granada..
- Kitamura, Shuhei, 2022. "Tillers of Prosperity: Land Ownership, Reallocation, and Structural Transformation," OSF Preprints wh5qx, Center for Open Science.
- Patrick Hunnicutt & Kou Gbaintor-Johnson, 2024. "The Missing Link: Informal Political Elites and Protest in Areas of Limited Statehood," Journal of Conflict Resolution, Peace Science Society (International), vol. 68(10), pages 1941-1967, November.
- Pietro Biroli & Titus Galama & Stephanie von Hinke & Hans van Kippersluis & Cornelius A Rietveld & Kevin Thom, 2026.
"The Economics and Econometrics of Gene–Environment Interplay,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 93(1), pages 144-180.
- Pietro Biroli & Titus J. Galama & Stephanie von Hinke & Hans van Kippersluis & Cornelius A. Rietveld & Kevin Thom, 2022. "The Economics and Econometrics of Gene-Environment Interplay," Papers 2203.00729, arXiv.org.
- Pietro Biroli & Titus Galama & Stephanie von Hinke & Hans van Kippersluis & Kevin Thom, 2022. "Economics and Econometrics of Gene-Environment Interplay," Bristol Economics Discussion Papers 22/759, School of Economics, University of Bristol, UK.
- Pietro Biroli & Titus Galama & Stephanie von Hinke & Hans van Kippersluis & Cornelius Rietveld & Kevin Thom, 2022. "The Economics and Econometrics of Gene-Environment Interplay," Working Papers 2022-005, Human Capital and Economic Opportunity Working Group.
- Pietro Biroli & Titus Galama & Stephanie von Hinke & Hans van Kippersluis & Cornelius Rietveld & Kevin Thom, 2022. "The Economics and Econometrics of Gene-Environment Interplay," Tinbergen Institute Discussion Papers 22-019/V, Tinbergen Institute.
- DiGiuseppe, Matthew & Del Ponte, Alessandro, 2023. "Bottom-Up Sovereign Debt Preferences," SocArXiv wxr67, Center for Open Science.
- Bonesrønning, Hans & Finseraas, Henning & Hardoy, Ines & Iversen, Jon Marius Vaag & Nyhus, Ole Henning & Opheim, Vibeke & Salvanes, Kari Vea & Sandsør, Astrid Marie Jorde & Schøne, Pål, 2022.
"Small-group instruction to improve student performance in mathematics in early grades: Results from a randomized field experiment,"
Journal of Public Economics, Elsevier, vol. 216(C).
- Hans Bonesrønning & Henning Finseraas & Ines Hardoy & Jon Marius Vaag Iversen & Ole Henning Nyhus & Vibeke Opheim & Kari Vea Salvanes & Astrid Marie Jorde Sandsør & Pål Schøne, 2021. "Small Group Instruction to Improve Student Performance in Mathematics in Early Grades: Results from a Randomized Field Experiment," CESifo Working Paper Series 9443, CESifo.
- Cooray, Arusha & Jha, Chandan Kumar & Panda, Bibhudutta, 2023.
"Corruption and assortative matching of partners in international trade,"
European Journal of Political Economy, Elsevier, vol. 77(C).
- Arusha Cooray & Chandan Kumar Jha & Bibhudutta Panda, 2020. "Corruption and assortative matching of partners in international trade," WIDER Working Paper Series wp-2020-114, World Institute for Development Economic Research (UNU-WIDER).
- repec:osf:osfxxx:7zk4p_v1 is not listed on IDEAS
- Alfonso, Antonio & Brañas-Garza, Pablo & Jorrat, Diego & Prissé, Benjamin & Francisco, María José Vázquez-De, 2025.
"The baking of preferences throughout the high school,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 118(C).
- Antonio Alfonso & Pablo Brañas-Garza & Diego Jorrat & Benjamín Prissé & María José Vázquez-De Francisco, 2024. "The Baking of Preferences throughout the High School," Working Papers 316, Red Nacional de Investigadores en Economía (RedNIE).
- Bai, Zhouling & Zhang, Pan & Yi, Hongtao, 2025. "Political career incentives and multitasking trade-off: Evidence from setting performance targets in Chinese cities," China Economic Review, Elsevier, vol. 94(PB).
- Olivier Jacques, 2021. "Classes and Taxes: Socio-Economic Status, Ideology and (Un)Willingness to Pay," CIRANO Working Papers 2021s-37, CIRANO.
- Andrew Delios & Edmund J. Malesky & Shu Yu & Griffin Riddler, 2024. "Methodological errors in corruption research: Recommendations for future research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(2), pages 235-251, March.
- Reinsberg, Bernhard & Kern, Andreas & Rau-Göhring, Matthias, 2021. "The political economy of IMF conditionality and central bank independence," European Journal of Political Economy, Elsevier, vol. 68(C).
- Lee, Wang-Sheng & McKinnish, Terra, 2019.
"Locus of control and marital satisfaction: Couple perspectives using Australian data,"
Journal of Economic Psychology, Elsevier, vol. 74(C).
- Lee, Wang-Sheng & McKinnish, Terra, 2019. "Locus of Control and Marital Satisfaction: Couple Perspectives Using Australian Data," IZA Discussion Papers 12599, IZA Network @ LISER.
- Adbi, Arzi & Agarwal, Sumit & Natarajan, Siddharth, 2025. "Global heterogeneity in ETS rollouts and subsequent decarbonization outcomes," Energy Economics, Elsevier, vol. 151(C).
- Michael Effah Asamoah & Imhotep Paul Alagidede, 2023. "Foreign direct investment, real sector growth and financial development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 626-643, January.
- Yoshida, Valter T. & Schiozer, Rafael & de Genaro, Alan & dos Santos, Toni R.E., 2025. "A novel credit model risk measure: Do more data lead to lower model risk?," The Quarterly Review of Economics and Finance, Elsevier, vol. 100(C).
- David Switzer & Jiwoong Jung, 2023. "Contextual responsiveness in U.S. local government climate policy," Review of Policy Research, Policy Studies Organization, vol. 40(6), pages 920-949, November.
- repec:osf:socarx:xzs8r_v1 is not listed on IDEAS
- Miceal Canavan & Oguzhan Turkoglu, 2023. "Effect of group status and conflict on national identity: Evidence from the Brexit referendum in Northern Ireland," Journal of Peace Research, Peace Research Institute Oslo, vol. 60(6), pages 921-934, November.
- Suthan Krishnarajan & Lasse Lykke Rørbæk, 2020. "The Two-sided Effect of Elections on Coup Attempts," Journal of Conflict Resolution, Peace Science Society (International), vol. 64(7-8), pages 1279-1306, August.
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- Frank Bohn & Jan-Egbert Sturm, 2021.
"Do expected downturns kill political budget cycles?,"
The Review of International Organizations, Springer, vol. 16(4), pages 817-841, October.
- Jan-Egbert Sturm & Frank Bohn, 2020. "Do Expected Downturns Kill Political Budget Cycles?," KOF Working papers 20-481, KOF Swiss Economic Institute, ETH Zurich.
- Mazumder, Soumyajit, 2019. "Becoming White: How Military Service Turned Immigrants into Americans," SocArXiv agjsm, Center for Open Science.
- Peter Andre & Teodora Boneva & Felix Chopra & Armin Falk, 2021.
"Misperceived Social Norms and Willingness to Act Against Climate Change,"
ECONtribute Discussion Papers Series
101, University of Bonn and University of Cologne, Germany.
- Andre, Peter & Boneva, Teodora & Chopra, Felix & Falk, Armin, 2024. "Misperceived social norms and willingness to act against climate change," SAFE Working Paper Series 414, Leibniz Institute for Financial Research SAFE.
- Peter Andre & Teodora Boneva & Felix Chopra & Armin Falk, 2024. "Misperceived Social Norms and Willingness to Act Against Climate Change," CEBI working paper series 24-08, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
- Cai, Meina & Zhang, Qi & Zhao, Xiaolu, 2024. "Social Embeddedness, Power Balance, and Local Governance in China," World Development, Elsevier, vol. 179(C).
- Apoorva Lal & Mac Lockhart & Yiqing Xu & Ziwen Zu, 2023. "How Much Should We Trust Instrumental Variable Estimates in Political Science? Practical Advice Based on Over 60 Replicated Studies," Papers 2303.11399, arXiv.org, revised Nov 2023.
- Tudi, Tayier & Deng, Xinghua & Chen, Lingqing & Ni, Mingjie, 2025. "Unraveling the nexus between emissions trading and corporate carbon outsourcing: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 1612-1632.
- Sima, Di & Huang, Fali, 2023. "Is democracy good for growth? — Development at political transition time matters," European Journal of Political Economy, Elsevier, vol. 78(C).
- Alessandro Del Ponte, 2021. "The influence of foreign elite rhetoric: National identity, emotions, and attitudes toward austerity," European Union Politics, , vol. 22(1), pages 155-178, March.
- repec:osf:socarx:4e8h2_v2 is not listed on IDEAS
- Loss, Georg & Naicker, Sara & Richter, Linda & Fink, Günther, 2024. "Early life determinants of social disparities among young adults: A longitudinal study in vulnerable communities in South Africa," World Development, Elsevier, vol. 175(C).
- Danqing Wang & Zhitao Zhu & Shuo Chen & Xiaowei Rose Luo, 2021. "Running out of steam? A political incentive perspective of FDI inflows in China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(4), pages 692-717, June.
- Kevin Arceneaux & Johanna Dunaway & Martin Johnson & Ryan J. Vander Wielen, 2020. "Strategic Candidate Entry and Congressional Elections in the Era of Fox News," American Journal of Political Science, John Wiley & Sons, vol. 64(2), pages 398-415, April.
- Qin, Quande & Yu, Ying & Liu, Yuan & Zhou, Jianqing & Chen, Xiude, 2023. "Industrial agglomeration and energy efficiency: A new perspective from market integration," Energy Policy, Elsevier, vol. 183(C).
- Goto, Tsuyoshi & Yamamoto, Genki, 2023. "Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 68(C).
- Kirk Bansak, 2021. "Estimating causal moderation effects with randomized treatments and non‐randomized moderators," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 184(1), pages 65-86, January.
- Nicolas Lagios & Pierre‐Guillaume Méon, 2024.
"Experts, Information, Reviews, and Coordination: Evidence on How Prizes Affect Sales,"
Journal of Industrial Economics, Wiley Blackwell, vol. 72(1), pages 49-80, March.
- Nicolas Lagios & Pierre-Guillaume Méon, 2024. "Experts, Information, Reviews, and Coordination: Evidence on How Prizes Affect Sales," ULB Institutional Repository 2013/372011, ULB -- Universite Libre de Bruxelles.
- Lin, Boqiang & Jia, Huanyu, 2023. "Challenges in the energy transition: How does household registration identity affect public participation in environmental affairs in China?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1337-1348.
- Drini Imami & Orjon Xhoxhi & Davit Babayan & Thomas Herzfeld & Rustam Rakhmetov, 2026.
"Treatment Effect Heterogeneity of Farmers Participating in Cooperatives,"
Journal of Agricultural Economics, Wiley Blackwell, vol. 77(1), pages 94-106, February.
- Imami, Drini & Xhoxhi, Orjon & Babayan, Davit & Herzfeld, Thomas & Rakhmetov, Rustam, 2025. "Treatment Effect Heterogeneity of Farmers Participating in Cooperatives," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 77(1), pages 94-106.
- Stuart J Turnbull-Dugarte, 2020. "Why vote when you cannot choose? EU intervention and political participation in times of constraint," European Union Politics, , vol. 21(3), pages 406-428, September.
- Milosh, Maria & Painter, Marcus & Sonin, Konstantin & Van Dijcke, David & Wright, Austin L., 2021.
"Unmasking partisanship: Polarization undermines public response to collective risk,"
Journal of Public Economics, Elsevier, vol. 204(C).
- Maria Milosh & Marcus Painter & Konstantin Sonin & David Van Dijcke & Austin L. Wright, 2020. "Unmasking Partisanship: Polarization Undermines Public Response to Collective Risk," Working Papers 2020-102, Becker Friedman Institute for Research In Economics.
- Sonin, Konstantin & Milosh, Maria & Painter, Marcus & Van Dijcke, David & Wright, Austin L., 2020. "Unmasking Partisanship: Polarization Undermines Public Response to Collective Risk," CEPR Discussion Papers 15464, Centre for Economic Policy Research.
- Gabriel Leon-Ablan & Juta Kawalerowicz, 2024. "Gentrification and Social Unrest: The Blitz, Urban Change and the 2011 London Riots," Journal of Conflict Resolution, Peace Science Society (International), vol. 68(2-3), pages 484-508, March.
- Kathleen J. Brown & Roos Haer & Gudrun Østby, 2023. "Local Food Price Volatility and School Dropout in Sub‐Saharan Africa," Population and Development Review, The Population Council, Inc., vol. 49(3), pages 443-468, September.
- Jeffrey Nonnemacher, 2021. "Disengaging elections? Political interest, number of elections, and turnout in elections to the European Parliament," European Union Politics, , vol. 22(3), pages 545-565, September.
- McDowell, Daniel & Steinberg, David A., 2024. "Black representation and the popular legitimacy of the Federal Reserve," European Journal of Political Economy, Elsevier, vol. 85(C).
- Dimitar Gueorguiev & Daniel McDowell & David A. Steinberg, 2020. "The Impact of Economic Coercion on Public Opinion: The Case of US–China Currency Relations," Journal of Conflict Resolution, Peace Science Society (International), vol. 64(9), pages 1555-1583, October.
- Arda Gitmez & Konstantine Sonin & Austin L. Wright, 2020.
"Political Economy of Crisis Response,"
Working Papers
2020-68, Becker Friedman Institute for Research In Economics.
- Sonin, Konstantin & Gitmez, Arda & Wright, Austin L., 2020. "Political Economy of Crisis Response," CEPR Discussion Papers 14778, Centre for Economic Policy Research.
- Manuela Moschella & Nicola M Diodati, 2020. "Does politics drive conflict in central banks’ committees? Lifting the veil on the European Central Bank consensus," European Union Politics, , vol. 21(2), pages 183-203, June.
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- Nillasithanukroh, Songkhun & Park, Chul Hyun & Richards, Robert & Ghaleb, Alyssa, 2025. "A panel data analysis of the impact of government trust on support for universal and air travel vaccine mandates during the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 384(C).
- Hansen, Daniel, 2020. "The effectiveness of fiscal institutions: International financial flogging or domestic constraint?," European Journal of Political Economy, Elsevier, vol. 63(C).
- Langlois, Jérémie & Shalaby, Marwa, 2025. "Legislative responsiveness, urban growth, and popular mobilization: Evidence from Algeria," World Development, Elsevier, vol. 195(C).
- Rachel J. Schoner, 2025. "Empowering your victims: Why repressive regimes allow individual petitions in international organizations," The Review of International Organizations, Springer, vol. 20(1), pages 87-123, March.
- Amanda E Aronsson & Indra de Soysa, 2025. "Informal employment, population health, and welfare policies: A global empirical analysis between 2011–2021," PLOS ONE, Public Library of Science, vol. 20(6), pages 1-16, June.
- Tran, Viet T. & Walle, Yabibal M. & Herwartz, Helmut, 2020. "The impact of local financial development on firm growth in Vietnam: Does the level of corruption matter?," European Journal of Political Economy, Elsevier, vol. 62(C).
- Serrano-Serrat, Josep, 2024. "Non-Linear Treatment Effects, Distributions and Interactions," SocArXiv 4e8h2, Center for Open Science.
- Asongu, Simplice & Nnanna, Joseph & Tchamyou, Vanessa, 2020.
"Finance, Institutions and Private Investment in Africa,"
MPRA Paper
107498, University Library of Munich, Germany.
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "Finance, Institutions and Private Investment in Africa," Working Papers of the African Governance and Development Institute. 20/080, African Governance and Development Institute..
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "Finance, Institutions and Private Investment in Africa," Working Papers 20/080, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "Finance, Institutions and Private Investment in Africa," Research Africa Network Working Papers 20/080, Research Africa Network (RAN).
- Hu, Qiyu & Shen, Wencang & Yan, Jinming & Kong, Weilong & Li, Wei & Zhang, Zhengfeng, 2024. "Does existing mixed land development promote the urban spatial composite function? Evidence from Beijing, China," Land Use Policy, Elsevier, vol. 143(C).
- Asmus-Bluhm, Gerda & Eichenauer, Vera Z. & Fuchs, Andreas & Parks, Bradley, 2025. "Does India Use Development Finance to Compete With China? A Subnational Analysis," Open Access Publications from Kiel Institute for the World Economy 323600, Kiel Institute for the World Economy.
- Egerod, Benjamin C. K. & Aaskoven, Lasse, 2024. "Why don't firms lobby? How information shapes the market for lobbying services," Working Papers 347, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Efthyvoulou, Georgios & Pickard, Harry & Bove, Vincenzo, 2023. "Terrorist violence and the fuzzy frontier : national vs supranational identities in Britain," QAPEC Discussion Papers 18, Quantitative and Analytical Political Economy Research Centre.
- Benny Geys & Rune J. Sørensen, 2020. "Administrative Delegation of Budgetary Powers and Fiscal Performance," Kyklos, Wiley Blackwell, vol. 73(4), pages 477-499, November.
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- Robert Braun, 2022. "Bloodlines: National Border Crossings and Antisemitism in Weimar Germany," American Sociological Review, , vol. 87(2), pages 202-236, April.
- Israel García & Bernd Hayo, 2023.
"Fiscal Reform in Spanish Municipalities: Gender Differences in Budgetary Adjustment,"
CESifo Working Paper Series
10297, CESifo.
- Israel GarcÃa & Bernd Hayo, 2023. "Fiscal Reform in Spanish Municipalities: Gender Differences in Budgetary Adjustment," MAGKS Papers on Economics 202306, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Heather Hodges & Colin Kuehl & Sarah E. Anderson & Phillip J. Ehret & Cameron Brick, 2020. "How Managers Can Reduce Household Water Use Through Communication: A Field Experiment," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(4), pages 1076-1099, September.
- Motta, Matt & Benegal, Salil D, 2022. "How Pandemic-Related Changes in Global Attitudes Toward the Scientific Community Shape “Post-Pandemic” Environmental Opinion," SocArXiv v9egn, Center for Open Science.
- Lin, Boqiang & Jia, Huanyu, 2024. "Present-biased individuals and their underinvestment in household energy efficiency: Evidence from first-tier Chinese cities," Energy Policy, Elsevier, vol. 185(C).
- Jordan Becker & Paul Poast & Tim Haesebrouck, 2025. "Setting targets: Abatement cost, vulnerability, and the agreement of NATO’s Wales Pledge on Defense Investment," Journal of Peace Research, Peace Research Institute Oslo, vol. 62(4), pages 863-881, July.
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- Delphine Lahet & Stéphanie Prat, 2023. "Local-currency debt and currency internationalization dynamics: A nonlinear framework," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 215-254, February.
- Iñigo Iturbe-Ormaetxe & Santiago Sanchez-Pages & Angel Solano-Garcia, 2021. "The redistributive effects of enfranchising non-citizens. Evidence from Sweden," ThE Papers 21/10, Department of Economic Theory and Economic History of the University of Granada..
- Christopher Wiley Shay, 2023. "Swords into ploughshares? Why human rights abuses persist after resistance campaigns," Journal of Peace Research, Peace Research Institute Oslo, vol. 60(1), pages 141-156, January.
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"Revealed political favoritism: evidence from the allocation of state lottery grants in Israel,"
Public Choice, Springer, vol. 190(3), pages 387-406, March.
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- Neugebauer, Martin & Heisig, Jan Paul & Bol, Thijs, 2025. "What does successful university graduation signal to employers? A factorial survey experiment on sheepskin effects," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 0, pages 1-18.
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- Felix Chopra & Ingar Haaland & Christopher Roth, 2020. "Do People Value More Informative News?," CRC TR 224 Discussion Paper Series crctr224_2020_155, University of Bonn and University of Mannheim, Germany.
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- Francisco Urdinez, 2024. "Undermining U.S. reputation: Chinese vaccines and aid and the alternative provision of public goods during COVID-19," The Review of International Organizations, Springer, vol. 19(2), pages 243-268, April.
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- Ryan M. Weldzius, 2021. "The end of currency manipulation? Global production networks and exchange rate outcomes," Economics and Politics, Wiley Blackwell, vol. 33(3), pages 514-532, November.
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"Can social spending cushion the inequality effect of globalization?,"
Economics and Politics, Wiley Blackwell, vol. 32(1), pages 104-142, March.
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- Albers, Thilo N.H. & Jerven, Morten & Suesse, Marvin, 2023.
"The Fiscal State in Africa: Evidence from a Century of Growth,"
International Organization, Cambridge University Press, vol. 77(1), pages 65-101, January.
- Albers, Thilo N. & Jerven, Morten & Suesse, Marvin, 2020. "The Fiscal State in Africa: Evidence from a century of growth," African Economic History Working Paper 55/2019, African Economic History Network.
- Albers, Thilo N. H. & Jerven, Morten & Suesse, Marvin, 2022. "The Fiscal State in Africa: Evidence from a Century of Growth," Rationality and Competition Discussion Paper Series 316, CRC TRR 190 Rationality and Competition.
- Mauro Lanati & Rainer Thiele, 2024.
"The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?,"
Kyklos, Wiley Blackwell, vol. 77(1), pages 213-248, February.
- Lanati, Mauro & Thiele, Rainer, 2023. "The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?," Open Access Publications from Kiel Institute for the World Economy 302107, Kiel Institute for the World Economy.
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