Showing 1 - 10 of 15
Using a large administrative dataset for Germany, this paper compares employment developments in exiting and surviving … establishments. For both West and East Germany we find a clear shadow of death effect reflecting lingering illness: establishments … are more clearly visible in West than in East Germany. Our results also hold when applying a matching approach. …
Persistent link: https://www.econbiz.de/10010294474
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
In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries …
Persistent link: https://www.econbiz.de/10009375256
The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the monthly time series is contaminated by many noisy components like seasonal variations, calendar and vacation effects. Only part of those nuisance components are explicitly...
Persistent link: https://www.econbiz.de/10011514105
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
In Germany, employers used to pay union members and non-members in a plant the same union wage in order to prevent …In Deutschland zahlen Arbeitgeber traditionell den gleichen Tariflohn für Gewerkschaftsmitglieder und -nichtmitglieder …
Persistent link: https://www.econbiz.de/10013167919
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