Showing 1 - 10 of 16
across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the … 1990s. The higher aggregate poverty rates in the USA and in Britain relative to Germany were mostly accounted for by higher …
Persistent link: https://www.econbiz.de/10010260639
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10003923511
Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...
Persistent link: https://www.econbiz.de/10009570042
default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany … Germany's public finances against the standard theoretical background using a unique database, retrieved from multiple sources … historical perception of Germany as the poster child of European public finance. Given these corresponding breaks in time series …
Persistent link: https://www.econbiz.de/10009709423
newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …
Persistent link: https://www.econbiz.de/10010388585
Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender …
Persistent link: https://www.econbiz.de/10010388609
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...
Persistent link: https://www.econbiz.de/10011822075
Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...
Persistent link: https://www.econbiz.de/10010260899
Based on a multiple spells approach, this paper studies the extent and the composition of chronic poverty in Germany … Germany. …
Persistent link: https://www.econbiz.de/10010324199
Exporters and multinationals are larger and more productive than their domestic counterparts. In addition to productivity, financial constraints and labor market constraints might constitute barriers to entry into foreign markets. We present new empirical evidence on the extensive and intensive...
Persistent link: https://www.econbiz.de/10010271900