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We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …
Persistent link: https://www.econbiz.de/10003304970
In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10003844356
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This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
Persistent link: https://www.econbiz.de/10012473240
This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
Persistent link: https://www.econbiz.de/10013231422
We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …
Persistent link: https://www.econbiz.de/10010295798
professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …
Persistent link: https://www.econbiz.de/10003789432
The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non …
Persistent link: https://www.econbiz.de/10003304964