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Gold as an inflation hedge in a time-varying coefficient framework

Beckmann, Joscha; Czudaj, Robert - 2012

. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and … USA and the UK compared to Japan and the Euro Area. In addition, the adjustment of the general price level is … bietet aus einem neuen Blickwinkel. Basierend auf Daten für die USA, Großbritannien, die Eurozone und Japan unterscheiden wir …

Persistent link: https://www.econbiz.de/10009580064

Modifying Taylor reaction functions in presence of the zero-lower-bound : evidence for the ECB and the fed

Belke, Ansgar; Klose, Jens - 2012

We propose an alternative way of estimating Taylor reaction functions if the zero-lower-bound on nominal interest rates is binding. This approach relies on tackling the real rather than the nominal interest rate. So if the nominal rate is (close to) zero central banks can influence the inflation...

Persistent link: https://www.econbiz.de/10009580148

The costs of Babylon : linguistic distance in applied economics

Isphording, Ingo Eduard; Otten, Sebastian - 2012

Effekt einer ansteigenden linguistischen Distanz auf den Spracherwerb von Immigranten in Spanien, den USA und Deutschland …

Persistent link: https://www.econbiz.de/10009580162

Empirical evidence on the generalized Taylor principle

Jovanović, Mario - 2012

During financial crises central banks usually decrease interest rates in order to reduce financial uncertainty. This behavior increases inflation risk. The trade-off between inflation and uncertainty stabilization can be modeled by the generalized Taylor rule, which describes inflation...

Persistent link: https://www.econbiz.de/10009580165

Lost in transition? : minimum wage effects on German construction workers

Bachmann, Ronald; König, Marion; Schaffner, Sandra - 2012

Using a linked employer-employee data set on the German construction industry, we analyse the effects of the introduction of minimum wages in this sector on labour market dynamics. In doing so, we focus on accessions and separations, as well as the underlying labour market flows, at the...

Persistent link: https://www.econbiz.de/10009580080

The impact of robots on labour market transitions in Europe

Bachmann, Ronald; Gonschor, Myrielle; Lewandowski, Piotr; … - 2022

We study the effects of robot exposure on worker flows in 16 European countries. Overall, we find small negative effects on job separations and small positive effects on job findings. Labour costs are shown to be a major driver of cross-country differences: in countries with lower labour costs,...

Persistent link: https://www.econbiz.de/10012800463