Showing 1 - 10 of 43
detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …
Persistent link: https://www.econbiz.de/10012550202
This paper investigates to what extent the R&D behavior of manufacturing companies was influenced by the 2008/09 crisis …. Based on a broad official data set for German manufacturing companies, only a few companies that engaged in R&D during 2008 …
Persistent link: https://www.econbiz.de/10010238833
unique data set at the industry level, we mostly find correlations that are consistent with counter-cyclical influences of …, including the innovative part of manufacturing, are only influenced by changes in the cyclical component of unemployment, while …
Persistent link: https://www.econbiz.de/10011822200
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to … gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology …
Persistent link: https://www.econbiz.de/10009736762
We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …
Persistent link: https://www.econbiz.de/10011398919
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
of rolling impulse responses is applied and both the aggregate and the industry-level is considered. It is found that the … both subsample and industry-specifics. The results, furthermore, suggest that the Great Moderation can essentially be …
Persistent link: https://www.econbiz.de/10003857164
We document that trust in public institutions - and particularly trust in banks, business and government - has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10009011131
technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies … ; technology shocks …
Persistent link: https://www.econbiz.de/10009579224