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Produktivitätswachstum in den USA und Deutschland: fällt Deutschland weiter zurück?
Erber, Georg; Fritsche, Ulrich - In: DIW Wochenbericht 72 (2005) 30, pp. 455-461
nicht mehr den zuvor typischen Aufholprozess bei der Produktivitätsentwicklung gegenüber den USA fortsetzen können … Kommunikationstechnologien -, der hier in den zurückliegenden Jahrzehnten die Entwicklung im Vergleich zu den USA prägte, ins Stocken geraten … Unterschiede in der Produktivitätsmessung zwischen den USA und Deutschland erwartet wurde. Mittelfristig ist aber damit zu rechnen …
Persistent link: https://www.econbiz.de/10011601603
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Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States
Keller, Wolfgang; Yeaple, Stephen R. - 2004
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI...
Persistent link: https://www.econbiz.de/10010260533
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The Educational and Professional Background of Central Bankers and its Effect on Inflation - An Empirical Analysis
Göhlmann, Silja; Vaubel, Roland - 2005
We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank council.The hypothesis to be tested is that these preferences depend on the central bankers? educational and/or professional background. In a panel data analysis for the euro...
Persistent link: https://www.econbiz.de/10010261030
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Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation
Heer, Burkhard; Maußner, Alfred - 2006
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10010261430
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Stock prices and economic fluctuations: a Markov switching structural vector autoregressive analysis
Lanne, Markku; Luetkepohl, Helmut - 2008
The role of expectations for economic fluctuations has received considerable attention in recent business cycle analysis. We exploit Markov regime switching models to identify shocks in cointegrated structural vector autoregressions and investigate different identification schemes for bi-variate...
Persistent link: https://www.econbiz.de/10010264444
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The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the Euro area
Altavilla, Carlo; Ciccarelli, Matteo - 2009
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10010264579
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US–Euro Area Monetary Policy Interdependence – New Evidence from Taylor Rule Based VECMs
Belke, Ansgar; Cui, Yuhua - 2009
This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999-2006. Two models are specified: a partial Vector Error Correction Model (VECM) and a general VECM. In the partial VECM, we look for a long-run...
Persistent link: https://www.econbiz.de/10010264752
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Nested stochastic possibility frontiers with heterogeneous capital inputs
Erber, Georg; Madlener, Reinhard - 2007
This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...
Persistent link: https://www.econbiz.de/10010264965
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New evidence, old puzzles: technology shocks and labor market dynamics
Balleer, Almut - 2009
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly interpreted as technology shocks. I estimate different...
Persistent link: https://www.econbiz.de/10010265223
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Explaining shifts in the unemployment rate with productivity slowdowns and accelerations: a co-breaking approach
Schreiber, Sven - 2009
We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U.S. data in a framework of infrequent mean shifts. Tests find (endogenously dated) shifts around 1974, 1986, and 1996, system techniques indicate that the shifts are common...
Persistent link: https://www.econbiz.de/10010265226