Philipp Heimberger
LightNews LightNews
banner
heimbergecon.bsky.social
Philipp Heimberger
@heimbergecon.bsky.social
2.5K followers 95 following 610 posts

Vienna Institute for International Economic Studies (wiiw); macroeconomics, economic policy, public finance, political economy, meta-science.

Videos
Economics 86%
Political science 11%
Posts Replies Media Videos

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11h
Source: www.ft.com/content/c17a...
The housing crisis is pushing Gen Z into crypto and economic nihilism
Locked out of home ownership, young adults are turning to risky financial behaviour
www.ft.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11h
Across much of the UK and the US, home prices have risen beyond affordable levels.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 1d
Source: docs.google.com/spreadsheets...
Journals with short paper options where economists might publish
docs.google.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 1d
This is a very useful list of 50 journals with explicit *short* paper options for economists.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 2d
Link to the journal article: www.aeaweb.org/articles?id=...

Free-access version: www.econtribute.de/RePEc/ajk/aj...
Home Price Expectations and Spending: Evidence from a Field Experiment
(July 2025) - We conduct a field experiment with US households to study how expectations about long-run home price growth shape spending decisions. We exogenously vary survey respondents' expectations...
www.aeaweb.org

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 2d
Homeowners’ spending is inelastic to home price expectations, renters reduce their spending when expecting higher prices. While renters seem to reduce current spending to be able to afford a home in the future, homeowners view expected increases in housing wealth as “paper gains”

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 3d
Source: aeaweb.org/articles?id=...

Free-access version: kielinstitut.de/fileadmin/Da...
The Price of War
(Forthcoming Article) - We assemble a new data set spanning 150 years and 60 countries to study the economic toll of war. A war of average intensity is associated with an output drop of close to 10 pe...
aeaweb.org

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 3d
This new AER paper finds large negative economic effects of wars: "A war of average intensity is associated with an output drop of close to 10% in the war-site economy, while consumer prices rise by approximately 20%." Negative spillovers through trade and common borders.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 4d
Source: economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 4d
According to the European Commission, France and Austria will have among the most restrictive fiscal stances in 2026 (largest contraction in Romania). In countries like Italy and Poland, EU funds (RRF) will still offset national consolidation efforts, but only until 2027.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
Source: www.tandfonline.com/doi/full/10....
Lower taxes at all costs? Evidence from a survey experiment in four European countries
It is commonly argued that citizens favour lower taxes, thereby exerting pressure for tax reductions that undermine the ability of governments to raise revenues. We argue that the ostensibly strong...
www.tandfonline.com

Reposted by Rebecca Sear

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
This paper shows: support for lower taxes declines significantly when this comes into conflict with other fiscal policy objectives, e.g. social spending. Regressive reforms receive less support than progressive reforms. Left-leaning, high-income voters resist tax reductions more.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
Paper in "Economic Journal": academic.oup.com/ej/advance-a...

Free-access version: econstor.eu/bitstream/10...
P-hacking and Significance Stars
Abstract. In mid-2016, all journals of the American Economic Association stopped including significance stars in their regression tables. This policy aimed
academic.oup.com

Reposted by Iikka Korhonen

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
This paper examines a journal policy removing significance stars from regression tables and finds no significant effect on p-hacking, the preference for statistically significant results. It seems cosmetic changes don't eliminate the underlying incentive to chase significance.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 8d
Source: journals.plos.org/plosone/arti...
The political economy of academic publishing: On the commodification of a public good
This paper provides an institutional and empirical analysis of the highly concentrated market of academic publishing, characterized by over proportionally high profit margins for publishing companies....
journals.plos.org

Reposted by Michelle Everson

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 8d
Academic publishing is a lucrative business for a very small number of private academic publishers. For 🇦🇹, this paper estimates: public spending benefits publishing companies with a large amount - 25% of the annual basic funding universities receive from the Ministry of education

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 9d
Source: economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 9d
National fiscal policy in EU member countries has turned contractionary. Defence spending is rising, with larger cuts elsewhere. Nationally funded investment will fall in 2025–27, and EU recovery funds will cease to cushion the decline after 2027.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 9d
National fiscal policy in EU member countries has turned contractionary. Defence spending is rising, with larger cuts elsewhere. Nationally funded investment will fall in 2025–27, and EU recovery funds will cease to cushion the decline after 2027.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 9d
Source: economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 9d
Journal link: aeaweb.org/articles?id=...

Free-access version: www.minneapolisfed.org/research/ins...
Changing Business Cycles: The Role of Women's Employment
(October 2025) - Women's labor force participation in the United States rose rapidly until the mid-1990s when it flattened out. I examine the impact of this change in trend on aggregate business cycle...
aeaweb.org

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 10d
Source: arxiv.org/pdf/2511.04820

Reposted by Robbert Sanderman, Mikael Ehn, Seema Jayachandran , and 12 more

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 10d
"academic publishing is dominated by profit-oriented, multinational companies for whom scientific knowledge is a commodity to be sold back to the academic community who created it... The dominant four collectively generated... $12 billion in profits between 2019 and 2024."

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
Source: crei.cat/wp-content/u...
crei.cat

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
This paper shows it's important to account for fiscal policy’s impact on productivity: long periods of large primary surpluses can depress investment and growth, making public debt stabilisation harder. Pro-growth fiscal reforms may boost productivity, make debt easier to sustain

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 14d
Source: www.ft.com/content/239e...
Can anything halt the decline of German industry?
Europe’s manufacturing champion is in free fall. Economists are suggesting radical steps to save what is left
www.ft.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 14d
Germany used to run large trade surpluses in capital goods with China (exports > imports). Since the start of 2025, Germany has been running a trade deficit with China.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 15d
Link to the paper: empn.eu/publication/...
Making Fiscal Space Policy-responsive – European Macro Policy Network
empn.eu

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 15d
Our simulations based on five national medium-term fiscal-structural plans (Austria, Finland, France, Germany and Italy) show that growth-enhancing measures increase potential output and thus expand fiscal space, while growth-reducing measures do the opposite.