Showing 1 - 10 of 12
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10011409368
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order to decompose the observed German GDP-series into trend, cycle and seasonal components. The results show that using the ifo business assessment variable as an indicator for the...
Persistent link: https://www.econbiz.de/10009781503
The concept of the employment threshold plays an important role in the public discussion of unemployment. The employment threshol d is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the...
Persistent link: https://www.econbiz.de/10009781535
Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to … council ; Germany …
Persistent link: https://www.econbiz.de/10008664995
; Germany …
Persistent link: https://www.econbiz.de/10008664998
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
-scale linked employer-employee data set for western Germany, this paper provides a first test of the relevance of different … bargaining ; Germany …
Persistent link: https://www.econbiz.de/10003924067
results in wage setting. It derives a time-varying indicator of union strength and confronts it with annual data for Germany …. -- trade union power ; wage bargaining ; labour share ; Germany … gewerkschaftlicher Stäarke her und berechnen ihn mit Jahresdaten für Deutschland. Die Ergebnisse deuten darauf hin, dass die …
Persistent link: https://www.econbiz.de/10009261043
als auch fixe Lohnangebote in Deutschland vorkommen, wobei bei rund zwei Drittel der Neueinstellungen ein fixer Lohn …
Persistent link: https://www.econbiz.de/10009792155
Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and public finances. Regimes for restructuring and restoring banks financed by bank levies and fiscal backstops seek to reduce these costs. Bank levies attempt to internalize systemic...
Persistent link: https://www.econbiz.de/10010257339