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The international transmission of monetary policy

Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018

This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...

Persistent link: https://www.econbiz.de/10011877813

Quantifying Brexit : from ex post to ex ante using structural gravity

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; … - 2018

Exploiting changes in the geography of economic integration in Europe, this paper uses detailed bilateral trade data for 50 sectors to carry out an econometric ex post evaluation of the trade cost effects of the United Kingdom's various arrangements with the European Union. The analysis reveals...

Persistent link: https://www.econbiz.de/10011933707

Dissecting between-plant and within-plant wage dispersion : evidence from Germany

Baumgarten, Daniel; Felbermayr, Gabriel; Lehwald, Sybille - 2018

Using rich linked employer-employee data for (West) Germany between 1996 and 2014, we analyze the most important … the sources of the recent slowdown in German wage inequality and compare the results for West Germany to the ones for East … Germany. We disentangle the relative contribution of each single variable to the rise in wage dispersion using recentered …

Persistent link: https://www.econbiz.de/10011933705

Margins of international banking : is there a productivity Pecking order in banking, too?

Buch, Claudia M.; Koch, Cathérine Tahmee; Kötter, Michael - 2009

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

Mitigating liquidity constraints : public export credit guarantees in Germany

Felbermayr, Gabriel; Heiland, Inga; Yalçin, Erdal - 2012

guarantees in Germany. Covering the default risk of exporters' foreign customers, the policy is supposed to enable funding of …

Persistent link: https://www.econbiz.de/10009580766

Firm dynamics and residual inequality in open economies

Felbermayr, Gabriel; Giammario, Impullitti; Prat, Julien - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10010250120

Do better capitalized banks lend less? : long-run panel evidence from Germany

Buch, Claudia M.; Prieto, Esteban - 2012

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

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir N. - 2007

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

Distributional and Fiscal Effects of the German Tax Reform 2000 : A Behavioral Microsimulation Analysis

Steiner, Viktor; Haan, Peter - 2004

In the year 2000, the German government passed the most ambitious tax reform in postwar German history aiming at a significant tax relief for households. Drawing on data of the GSOEP, we analyze the distributional and fiscal effects of the tax reform. Our analysis employs microsimulation...

Persistent link: https://www.econbiz.de/10010260709

Household Taxation, Income Splitting and Labor Supply Incentives : A Microsimulation Study for Germany

Wrohlich, Katharina; Steiner, Viktor - 2004

wives would increase substantially in west Germany, while a significant number of husbands would drop out of the labor force. …

Persistent link: https://www.econbiz.de/10010260711