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Forecasting ECB monetary policy: accuracy is (still) a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and …

Persistent link: https://www.econbiz.de/10010299102

Geography or skills: what explains Fed Wachters' forecast accuracy of US monetary policy?

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2008

found to be related to both the skills of analysts - such as their educational and employment backgrounds - and to geography …

Persistent link: https://www.econbiz.de/10010299141

Firm Organization with Multiple Establishments

Gumpert, Anna; Steimer, Henrike; Antoni, Manfred - 2018

How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions increase the use of middle managers in multi-establishment firms. In our model, we assume that the time of the CEO of a firm is a resource of limited supply that is shared among...

Persistent link: https://www.econbiz.de/10012018126

Spatial inequality, geography and economic activity

Achten, Sandra; Leßmann, Christian - 2019

We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...

Persistent link: https://www.econbiz.de/10012018238

Geography vs. institutions at the village level

Grimm, Michael; Klasen, Stephan - 2008

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … Robinson (2001) was to address this last point by using settler mortality as an instrument for geography-induced endogenous … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of …

Persistent link: https://www.econbiz.de/10010264330

The Rule of Law: Measurement and Deep Roots

Gutmann, Jerg; Voigt, Stefan - 2015

This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...

Persistent link: https://www.econbiz.de/10011431209

Estimating Border Effects: The Impact of Spatial Aggregation

Coughlin, Cletus C.; Novy, Dennis - 2016

Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which initially symmetric micro regions are combined to form...

Persistent link: https://www.econbiz.de/10011480462

The Geographical Determinants of Within-City Heterogeneity in Urban Density

Krause, Melanie; Seidel, André - 2020

-spatial data on geography, building height and footprints with Norwegian register data. Our unit of observation are neighborhoods … land restrictions to alter urban density within parts of cities. Moreover, we show that geography is another important …

Persistent link: https://www.econbiz.de/10012425566

Information and Communication Technology and Firm Geographic Expansion

Jiang, Xian - 2023

This paper studies how information and communication technology (ICT) affects the firm geographic organization and its implications on aggregate efficiency. ICT can widen firms' geographic span of control by reducing their internal communication costs. Empirical evidence from confidential US...

Persistent link: https://www.econbiz.de/10014377427

Natural resources, export concentration and financial development

Hattendorff, Christian - 2014

Recent studies indicate that the natural resource curse, that is, the negative link between resource abundance and growth, may operate through a country's financial system. Scholars show that resource-abundant economies suffer from lower financial development, which may indirectly affect...

Persistent link: https://www.econbiz.de/10010427817