●Interview with Jing Zeng, EPoS Economic Research Center ●Economists develop tool based on 36,000 corporate stocks worldwide

●US and Chinese tariffs had contrasting effects on third countries ●Economists analyzed more than 200,000 multinationals in 50 major economies ●Interview with Jan Schymik, EPoS Economic Research Center

Platforms shape what users see and choose. A new paper develops the concept of recommendation power, maps the objectives behind rankings, defaults and prominence, and examines how the EU Digital Markets Act constrains it.

Income uncertainty depresses fertility. I show that income-tested education subsidies mitigate this effect by providing insurance against income risk for households with children.

Labor market conditions shape on-the-job-behavior: as bankers' outside options improve, they are less likely to be dismissed for poor borrower performance. This facilitates riskier lending, with bank and systemic risk rising as a result.

Why are so few refugees hired as apprentices? Our study with 800 German firms points to a large hiring gap. But signals of reliability and motivation matter—and job-specific language training can significantly improve hiring chances.

We study effects of the U.S.-China trade war on third countries, using granular plant-level data. Impacts were highly heterogeneous and largely offsetting, yielding moderately negative net effects. Most economic reallocations happened within MNEs.

Do climate policies hurt industrial competitiveness? New evidence from German manufacturing finds little impact on jobs or wages. But support shielding firms from compliance costs may have significantly reduced plant closures. #ClimatePolicy

New research shows: Moral universalism, caring equally about all people, not just your own group, strongly predicts support for climate policies, from carbon taxes to international burden sharing on who should pay for climate action.

Marina Hoch examines how U.S. post-disaster government aid affects welfare: Although aid crowds out private insurance and encourages risky housing, it raises overall welfare. Providing aid independently of insurance coverage could improve welfare further.