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The Role of the IFO Business Climate Indicator and Asset Prices in German Monetary Policy
Sterken, Elmer - CESifo - 2004
We analyze the role of forward-looking indicators, like the IFO business climate indicator and asset prices, in German monetary transmission. We show that the use of both the IFO indicator and asset prices improves the performance and interpretation of a Vector AutoRegression (VAR) model of...
Persistent link: https://www.econbiz.de/10005181242
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Convergence of Monetary Transmission in EMU New Evidence
Toolsema, Linda A.; Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2001
This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We...
Persistent link: https://www.econbiz.de/10005181532
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Asymmetric Monetary Transmission in EMU: The Robustness of VAR Conclusions and Cecchetti’s Legal Family Theory
Elbourne, Adam; Haan, Jakob de - CESifo - 2004
We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the ranking of the magnitudes of the price and output responses....
Persistent link: https://www.econbiz.de/10005406120
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Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable
Egert, Balazs; MacDonald, Ronald - CESifo - 2006
This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...
Persistent link: https://www.econbiz.de/10005094342
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Globalization: A Woman's Best Friend? Exporters and the Gender Wage Gap
Bøler, Esther Ann; Javorcik, Beata Smarzynska; … - CESifo - 2015
While the impact of globalization on income inequality has received a lot of attention, little is known about its …
Persistent link: https://www.econbiz.de/10011257669
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The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms
Daveri, Francesco; Manasse, Paolo; Serra, Danila - CESifo - 2010
with globalization may be twin to each other. We provide statistical evidence of this so far neglected trade-off for a …
Persistent link: https://www.econbiz.de/10008671733
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Globalization, Economic Freedom and Human Rights
Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - CESifo - 2010
Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization …-2004 period. According to our results, physical integrity rights significantly and robustly increase with globalization and …
Persistent link: https://www.econbiz.de/10008727302
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Awards as Signals
Frey, Bruno S.; Neckermann, Susanne - CESifo - 2010
Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards...
Persistent link: https://www.econbiz.de/10008727309
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The Rise of Capitalism and the Roots of Anti-American Terrorism
Krieger, Tim; Meierrieks, Daniel - CESifo - 2014
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization...
Persistent link: https://www.econbiz.de/10010796436
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The Evidence on Globalization
Potrafke, Niklas - CESifo - 2014
Globalization is blamed for many socio-economic shortcomings. I discuss the consequences of globalization by surveying … the empirical globalization literature. My focus is on the KOF indices of globalization (Dreher 2006a and Dreher et al … globalization and several outcome variables. Studies published more recently identify causal effects. The evidence shows that …
Persistent link: https://www.econbiz.de/10010752783