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Labor Demand During the Crisis: What Happened in Germany?

Bohachova, Olga; Boockmann, Bernhard; Buch, Claudia M. - CESifo - 2011

In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms’ labor demand during the crisis using a firm-level...

Persistent link: https://www.econbiz.de/10009367393

Financial Liberalization in a Small Open Economy

Hagen, Jürgen von; Zhang, Haiping - CESifo - 2006

We analyze the long-run and short-run implications of financial liberalization in a small open economy. Our main results are as follows. First, whether financial deregulation in one sector can improve production efficiency may depend on financial regulation in other sectors. Second, financial...

Persistent link: https://www.econbiz.de/10005416471

The Impact of Financial Constraints and Wealth Inequality on International Trade Flows, Capital Movements and Entrepreneurial Migration

Bougheas, Spiros; Falvey, Rod - CESifo - 2014

We introduce financial frictions into a simple two sector model of international trade with heterogeneous agents and investigate the impact of differences in the strength of financial institutions and wealth inequality on trade flows, capital movements and entrepreneurial migration. Distinct...

Persistent link: https://www.econbiz.de/10010764301

The Impact of Financial Market Frictions on Trade Flows, Capital Flows and Economic Development

Bougheas, Spiros; Falvey, Rod - CESifo - 2011

We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in...

Persistent link: https://www.econbiz.de/10008833896

Economic Policy Uncertainty, Trust and Inflation Expectations

Istrefi, Klodiana; Piloiu, Anamaria - CESifo - 2013

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents’ expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...

Persistent link: https://www.econbiz.de/10010670794

Effects of Tax Depreciation Rules on Firms' Investment Decisions in an Inflationary Phase: Comparison of Net Present Values in Selected OECD Countries

Nam, Chang Woon - CESifo - 2001

. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as …

Persistent link: https://www.econbiz.de/10005765776

Types of Tax Concessions for Attracting Foreign Direct Investment in Free Economic Zones

Nam, Chang Woon; Radulescu, Doina Maria - CESifo - 2004

main characteristics of FEZs is the provision of generous tax investment promotion schemes solely allowed in this enclave …. In general such measures include: (a) profit tax exemption, (b) free or accelerated depreciation, (c) investment tax … allowance, (d) subsidy for investment costs, etc. The incentive e.ects of various tax concessions on firms’ investment decisions …

Persistent link: https://www.econbiz.de/10005765871

Effects of Corporate Tax Reforms on SMEs’ Investment Decisions under the Particular Consideration of Inflation

Nam, Chang Woon; Radulescu, Doina Maria - CESifo - 2005

incentive effects of such reforms on the SMEs’ investment decisions adopting simple present value model. Ceteris paribus tax …

Persistent link: https://www.econbiz.de/10005094149

The Role of Tax Depreciation for Investment Decisions: A Comparison of European Transition Countries

Nam, Chang Woon; Radulescu, Doina Maria - CESifo - 2003

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

Persistent link: https://www.econbiz.de/10005094476

Does Debt Maturity Matter for Investment Decisions?

Nam, Chang Woon; Radulescu, Doina Maria - CESifo - 2004

In the conventional literature related to investment decisions, less attention has been paid to the length of maturity … when investment is debt-financed. In such a case a firm pays the creditor not only the sum of annual interest (initial … investment cost multiplied by real interest rate) for the entire borrowing years but also the total amount of initial investment …

Persistent link: https://www.econbiz.de/10005181322