Jan-Egbert Sturm
Biographic Data
| ID | 359383 |
|---|---|
| NAME | Jan-Egbert Sturm |
| GIVEN NAMES | Jan-Egbert |
| FAMILY NAME | Sturm |
| SIGNATURE | STURM J |
| AFFILIATIONS | Ifo Institute for Economic Research |
| ORCID | 0000-0002-9421-5736 |
| VERIFIED | Yes |
| TOTAL WORKS | 26 |
| TOTAL CITATIONS | 461 |
| AUTHOR COUNT | 25 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 8 |
The political economy of government spending: Fiscal rules, sustainability, and political cycles
Geopolitical Risks, Political Tensions and the European Economy
Revisiting the impact of corruption on income inequality worldwide
The relationship between corruption and income inequality has been widely studied, but there is no consensus on whether corruption increases or reduces inequality. We conduct an extreme bounds analysis (EBA) to test the robustness of the explanatory variables proposed in the literature. Using a sample of up to 150 countries, with data mostly going back to 1980, we find that corruption does not appear to have a clear positive effect on inequality …
Globalization and gender equality
Central bank independence, income inequality and poverty: What do the data say
This paper examines whether the independence of central banks is related to income inequality and poverty. Following the 2008 financial crisis, independent central banks have been criticized that their actions contribute to an unequal income distribution. Yet, the case can also be made that such independence is orthogonal to income inequality or can even help mitigate it. As proxies for inequality, we employ five-year averages of the Gini coeffic…
Do geopolitical interests affect how financial markets react to IMF programs
We study the effect of geopolitics on short-term financial market reactions to IMF program approvals. If IMF programs are influenced by geopolitics, they may be less successful in stabilizing the economy. This could lead financial market participants to sell the country’s assets and thus reduce the catalytic effect of IMF programs. Using a monthly panel data set for about 100 IMF members covering 1993-2019, we find that if geopolitics are involve…
The ‘Forgotten’ middle class: An analysis of the effects of globalisation
This paper studies the effects of globalisation on the income share of the middle class. Our findings suggest that globalisation, proxied by the KOF Economic Globalization Index, reduces the income share of the middle class. The income share of the poorest 20% also drops due to globalisation, while that of the richest 20% increases. We find that only de facto and not de jure measures of globalisation have statistically significant effects on inco…
Can GDP Measurement Be Further Improved? Data Revision and Reconciliation
Recent years have seen many attempts to combine expenditure-side estimates of U.S. real output (GDE) growth with income-side estimates (GDI) to improve estimates of real GDP growth. We show how to incorporate information from multiple releases of noisy data to provide more precise estimates while avoiding some of the identifying assumptions required in earlier work. This relies on a new insight: using multiple data releases allows us to distingui…
The determinants of social expenditures in OECD countries
Does Financial Development Reduce the Poverty Gap
Financial development may affect poverty directly and indirectly through its impact on income inequality, economic growth, and financial instability. Previous studies do not consider all these channels simultaneously. To proxy financial development, we use the ratio of private credit to GDP or an IMF composite measure. Our preferred measure for poverty is the poverty gap, i.e. the shortfall from the poverty line. Our fixed effects estimation resu…
The role of ECB communication in guiding markets
The effects of economic globalisation and ethnic fractionalisation on redistribution
The Oxford Handbook of the Economics of Central Banking
The Oxford Handbook of the Economics of Central Banking covers a wide range of central bank topics, including governance, independence, balance-sheet and crisis management, and the challenges in macroeconomic modeling. The book is intended as an up-to-date reference for the current and potential challenges faced by central banks in the conduct of monetary policy and in the search for the maintenance of financial system stability. The approach inv…
Oxford Handbook of the Economics of Central Banking
The KOF Globalisation Index – revisited
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (Applied Economics, 38(10):1091–1110, 2006) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures along the different dimensions of globalization. …
Finance and income inequality: A review and new evidence
Politics and IMF Conditionality
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather weak stringency. Obstacles to testing this hypothesis include finding a measure of political importance that is not plagued by endogeneity and obtaining da…
Do the IMF and the World Bank influence voting in the UN General Assembly
Using panel data for 188 countries over the 1970–2008 period, this paper analyzes empirically the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment projects and larger non-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining non-concessional IMF programs. Regarding voting coincidence with the Uni…
Global horse trading: IMF loans for votes in the United Nations Security Council
Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions
The impact of globalization on the composition of government expenditures: Evidence from panel data
Market‐oriented institutions and policies and economic growth: A critical survey
This paper surveys recent evidence suggesting that market‐oriented institutions and policies are strongly related to economic growth, focusing on studies using the economic freedom (EF) indicator of the Fraser Institute. This index is critically discussed. Also various serious shortcomings of empirical studies using this index are identified. Nevertheless, there are strong indications that liberalization, i.e. an increase in the EF index, stimula…
On the relationship between economic freedom and economic growth
The Weak Government Thesis: Some New Evidence
Output Effects of Transport Infrastructure: The Netherlands, 1853–1913
In this paper we put to trial the alleged role of investment in transport and communications infrastructure in economic growth in the Netherlands in the second half of the nineteenth century. To do so, we combine a new data set with data‐oriented econometric techniques. Testing of the main hypothesis by applying Granger's concept of causation in a vector auto‐regression model reveals that the development of infrastructure ‘caused’ Dutch economic …
Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions
The KOF Globalisation Index – revisited
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (Applied Economics, 38(10):1091–1110, 2006) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures along the different dimensions of globalization. …
Politics and IMF Conditionality
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather weak stringency. Obstacles to testing this hypothesis include finding a measure of political importance that is not plagued by endogeneity and obtaining da…
Political and institutional determinants of fiscal policy in the European Community
Do the IMF and the World Bank influence voting in the UN General Assembly
Using panel data for 188 countries over the 1970–2008 period, this paper analyzes empirically the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment projects and larger non-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining non-concessional IMF programs. Regarding voting coincidence with the Uni…
The impact of globalization on the composition of government expenditures: Evidence from panel data
The Weak Government Thesis: Some New Evidence
The effects of economic globalisation and ethnic fractionalisation on redistribution
Does Financial Development Reduce the Poverty Gap
Financial development may affect poverty directly and indirectly through its impact on income inequality, economic growth, and financial instability. Previous studies do not consider all these channels simultaneously. To proxy financial development, we use the ratio of private credit to GDP or an IMF composite measure. Our preferred measure for poverty is the poverty gap, i.e. the shortfall from the poverty line. Our fixed effects estimation resu…
The determinants of social expenditures in OECD countries
The role of ECB communication in guiding markets
Geopolitical Risks, Political Tensions and the European Economy
Do geopolitical interests affect how financial markets react to IMF programs
We study the effect of geopolitics on short-term financial market reactions to IMF program approvals. If IMF programs are influenced by geopolitics, they may be less successful in stabilizing the economy. This could lead financial market participants to sell the country’s assets and thus reduce the catalytic effect of IMF programs. Using a monthly panel data set for about 100 IMF members covering 1993-2019, we find that if geopolitics are involve…
Revisiting the impact of corruption on income inequality worldwide
The relationship between corruption and income inequality has been widely studied, but there is no consensus on whether corruption increases or reduces inequality. We conduct an extreme bounds analysis (EBA) to test the robustness of the explanatory variables proposed in the literature. Using a sample of up to 150 countries, with data mostly going back to 1980, we find that corruption does not appear to have a clear positive effect on inequality …
Central bank independence, income inequality and poverty: What do the data say
This paper examines whether the independence of central banks is related to income inequality and poverty. Following the 2008 financial crisis, independent central banks have been criticized that their actions contribute to an unequal income distribution. Yet, the case can also be made that such independence is orthogonal to income inequality or can even help mitigate it. As proxies for inequality, we employ five-year averages of the Gini coeffic…
Political and institutional determinants of fiscal policy in the European Community
The Weak Government Thesis: Some New Evidence
Output Effects of Transport Infrastructure: The Netherlands, 1853–1913
In this paper we put to trial the alleged role of investment in transport and communications infrastructure in economic growth in the Netherlands in the second half of the nineteenth century. To do so, we combine a new data set with data‐oriented econometric techniques. Testing of the main hypothesis by applying Granger's concept of causation in a vector auto‐regression model reveals that the development of infrastructure ‘caused’ Dutch economic …
On the relationship between economic freedom and economic growth
Market‐oriented institutions and policies and economic growth: A critical survey
This paper surveys recent evidence suggesting that market‐oriented institutions and policies are strongly related to economic growth, focusing on studies using the economic freedom (EF) indicator of the Fraser Institute. This index is critically discussed. Also various serious shortcomings of empirical studies using this index are identified. Nevertheless, there are strong indications that liberalization, i.e. an increase in the EF index, stimula…
Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions
The impact of globalization on the composition of government expenditures: Evidence from panel data
Global horse trading: IMF loans for votes in the United Nations Security Council
Do the IMF and the World Bank influence voting in the UN General Assembly
Using panel data for 188 countries over the 1970–2008 period, this paper analyzes empirically the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment projects and larger non-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining non-concessional IMF programs. Regarding voting coincidence with the Uni…
Politics and IMF Conditionality
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather weak stringency. Obstacles to testing this hypothesis include finding a measure of political importance that is not plagued by endogeneity and obtaining da…
Finance and income inequality: A review and new evidence
The Oxford Handbook of the Economics of Central Banking
The Oxford Handbook of the Economics of Central Banking covers a wide range of central bank topics, including governance, independence, balance-sheet and crisis management, and the challenges in macroeconomic modeling. The book is intended as an up-to-date reference for the current and potential challenges faced by central banks in the conduct of monetary policy and in the search for the maintenance of financial system stability. The approach inv…
Oxford Handbook of the Economics of Central Banking
The KOF Globalisation Index – revisited
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (Applied Economics, 38(10):1091–1110, 2006) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures along the different dimensions of globalization. …
The effects of economic globalisation and ethnic fractionalisation on redistribution
The role of ECB communication in guiding markets
The ‘Forgotten’ middle class: An analysis of the effects of globalisation
This paper studies the effects of globalisation on the income share of the middle class. Our findings suggest that globalisation, proxied by the KOF Economic Globalization Index, reduces the income share of the middle class. The income share of the poorest 20% also drops due to globalisation, while that of the richest 20% increases. We find that only de facto and not de jure measures of globalisation have statistically significant effects on inco…
Can GDP Measurement Be Further Improved? Data Revision and Reconciliation
Recent years have seen many attempts to combine expenditure-side estimates of U.S. real output (GDE) growth with income-side estimates (GDI) to improve estimates of real GDP growth. We show how to incorporate information from multiple releases of noisy data to provide more precise estimates while avoiding some of the identifying assumptions required in earlier work. This relies on a new insight: using multiple data releases allows us to distingui…
The determinants of social expenditures in OECD countries
Does Financial Development Reduce the Poverty Gap
Financial development may affect poverty directly and indirectly through its impact on income inequality, economic growth, and financial instability. Previous studies do not consider all these channels simultaneously. To proxy financial development, we use the ratio of private credit to GDP or an IMF composite measure. Our preferred measure for poverty is the poverty gap, i.e. the shortfall from the poverty line. Our fixed effects estimation resu…
Do geopolitical interests affect how financial markets react to IMF programs
We study the effect of geopolitics on short-term financial market reactions to IMF program approvals. If IMF programs are influenced by geopolitics, they may be less successful in stabilizing the economy. This could lead financial market participants to sell the country’s assets and thus reduce the catalytic effect of IMF programs. Using a monthly panel data set for about 100 IMF members covering 1993-2019, we find that if geopolitics are involve…
Central bank independence, income inequality and poverty: What do the data say
This paper examines whether the independence of central banks is related to income inequality and poverty. Following the 2008 financial crisis, independent central banks have been criticized that their actions contribute to an unequal income distribution. Yet, the case can also be made that such independence is orthogonal to income inequality or can even help mitigate it. As proxies for inequality, we employ five-year averages of the Gini coeffic…
The political economy of government spending: Fiscal rules, sustainability, and political cycles
Geopolitical Risks, Political Tensions and the European Economy
Revisiting the impact of corruption on income inequality worldwide
The relationship between corruption and income inequality has been widely studied, but there is no consensus on whether corruption increases or reduces inequality. We conduct an extreme bounds analysis (EBA) to test the robustness of the explanatory variables proposed in the literature. Using a sample of up to 150 countries, with data mostly going back to 1980, we find that corruption does not appear to have a clear positive effect on inequality …
Economics (22 works) · Political science (13 works) · Politics (10 works) · Fiscal Policy and Economic Growth (9 works) · Macroeconomics (9 works) · Panel data (8 works) · Econometrics (7 works) · Economic Growth and Development (7 works) · Market economy (7 works) · Development economics (6 works)