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Housing market convergence : evidence from Germany

Unal, Umut; Hayo, Bernd; Erol, Isil - 2022

This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …

Persistent link: https://www.econbiz.de/10013460037

Remittance flows and U.S. monetary policy

Machasio, Immaculate; Tillmann, Peter - 2021 - This version: October 27, 2021

Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been...

Persistent link: https://www.econbiz.de/10012694427

Inflation targeting and regional inflation persistence : evidence from Korea

Tillmann, Peter - 2011

The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from regional inflation data. This paper studies the regional...

Persistent link: https://www.econbiz.de/10009011995

Auswirkungen der Bevölkerungsentwicklung auf das wirtschaftliche Niveau der Regionen in Deutschland

Eckey, Hans-Friedrich; Kosfeld, Reinhold; Muraro, Nina - 2009

Gegenstand des Artikels ist die Schätzung einer Translog-Produktionsfunktion, die die Auswirkungen der Bevölkerungsentwicklung auf die Produktion heute und im Jahr 2020 betrachtet. Die Ergebnisse deuten auf eine Entwicklung hin, die zu steigenden Disparitäten führt. Schon heute ist ein...

Persistent link: https://www.econbiz.de/10003849368

Stock market response to COVID-19, containment measures and stabilization policies : the case of Europe

Klose, Jens; Tillmann, Peter - 2022

Policymakers imposed constraints on public life in order to contain the Covid-19 pandemic. At the same time, fiscal and monetary policy implemented a large range of of expansionary measures to limit the economic consequences of the pandemic and stimulate the recovery. In this paper, we assess...

Persistent link: https://www.econbiz.de/10012887221

Fiscal policy in the Bundestag : textual analysis and macroeconomic effects

Latifi, Albina; Naboka-Krell, Viktoriia; Tillmann, Peter; … - 2023

Fiscal policy is made in parliament. We go to the roots of changes of fiscal policy in Germany and use a novel data set on all parliamentary speeches in the Bundestag from 1960 to 2021. We propose an embedding-based approach, which allows the representation of words and documents in a shared...

Persistent link: https://www.econbiz.de/10013554877

Topics in fiscal policy : evidence from a representative survey of the German population

Hayo, Bernd; Neumeier, Florian; Uhl, Matthias - 2014 - This version: 13 February 2014

This paper provides background information and basic descriptive statistics for a representative survey of the German population conducted on our behalf by GfK in the first quarter of 2013. The survey addresses important topics in fiscal policy, including: 1) public preferences on the...

Persistent link: https://www.econbiz.de/10010242079

State fiscal policies and regional economic activity

Uhl, Matthias - 2014

In this paper, I estimate a structural panel vector autoregression to study the consequences of changes in U.S. state government fiscal policies for local economic activity in the short-term. My main result is that the state-level spending multiplier is relatively small and the tax multiplier...

Persistent link: https://www.econbiz.de/10010398995

Monetary and fiscal policy in times of crises : a new Keynesian perspective in continuous time

Hayo, Bernd; Niehof, Britta - 2014 - This version: October 27, 2014

To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic differential equations. Monetary policy is modelled...

Persistent link: https://www.econbiz.de/10010419528

The debt brake in the eyes of the German population

Hayo, Bernd; Neumeier, Florian - 2014 - This version: 23 June 2014

In response to the recent sovereign debt crisis, the member states of the European Union agreed to enact balanced budget rules in their national legislation. However, little is known about the public's opinion of balanced budget rules. To fill this gap, we conducted a survey among 2,000...

Persistent link: https://www.econbiz.de/10010386575