-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …

for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill … volatility of employment, and this effect is strongest for low-skilled workers. A higher share of low-skilled employment has a … dampening impact. -- labor-market volatility ; skill levels ; financial globalization …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …. -- bank capital ; business loans ; cointegration …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …. -- Bank capital ; Business loans ; Cointegration …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long … Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …

structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the …Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and …

structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the …Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and …

From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the … link between openness and volatility. Using two novel datasets on German firms, we analyze the evolution of firm …-level output volatility and the link between volatility and trade openness. We find that firm-level output volatility displays …