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The New Keynesian Phillips Curve and the role of expectations : evidence from the Ifo world economic survey

Henzel, Steffen (contributor); … - 2006

We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected euro zone countries, the US and the UK. Instead of imposing rational expectations and estimating the Phillips curve by the Generalized Method of Moments, we follow Roberts (1997) and Adam and Padula (2003) and...

Persistent link: https://www.econbiz.de/10003301367

A micro data approach to the identification of credit crunches

Rottmann, Horst; Wollmershäuser, Timo - 2010

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...

Persistent link: https://www.econbiz.de/10008653413

Sustainability of German fiscal policy and public debt : historical and time series evidence for the period 1850-2010

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2013

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

Panel cointegration tests on the fiscal sustainability of German Laender

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …

Persistent link: https://www.econbiz.de/10010388585

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

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

Bank loan supply and monetary policy transmission in Germany : an assessment based on matching impulse responses

Hülsewig, Oliver (contributor); Mayer, Eric (contributor); … - 2005

This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking …

Persistent link: https://www.econbiz.de/10002572409

Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany

Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020

and policy responses in real-time and provide the first application to Germany in the context of the COVID-19 pandemic …

Persistent link: https://www.econbiz.de/10012383744

Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects : evidence from German federal states

Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018

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