Showing 1 - 10 of 46
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011574144
mergers of large local governments reduce expenditures. I use the synthetic control method to identify the effect of mergers … of county-sized administrations in Germany (districts) on public expenditures. In 2008, the German state of Saxony … that did not merge districts for years. The results do neither show that district mergers reduce total expenditures per …
Persistent link: https://www.econbiz.de/10011542219
Persistent link: https://www.econbiz.de/10009658043
I investigate how political uncertainty influences corporate investment decisions employing a unique panel dataset of German manufacturing firms. I use data on firms' self-reported investment realizations, plans and revisions. The firm-specific user cost of capital captures the current...
Persistent link: https://www.econbiz.de/10011539894
This paper uses recent data for single-family home purchases to study the effects of the German real estate transfer tax. We aim to separate the tax’s short-term anticipatory effects from its long-term effects on real estate transactions. The data indicate that an increase in the transfer tax...
Persistent link: https://www.econbiz.de/10011574135
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012052597
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012425062
In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less...
Persistent link: https://www.econbiz.de/10008858923
The Ifo Institute for Economic Research has been conducting regular business surveys since its foundation in 1949. The most well-known of Ifo's surveys is the Ifo Business Survey (ifo Konjunkturtest). The micro data of the Ifo Business Survey are accessible to external researchers on-site at Ifo...
Persistent link: https://www.econbiz.de/10008858941
This paper analyzes empirically the effects of innovation on employment at the firm level using a uniquely long panel dataset of German manufacturing firms. The overall effect of innovations on employment often remains unclear in theoretical contributions due to reverse effects. We distinguish...
Persistent link: https://www.econbiz.de/10008858962