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Uncertainty and Change : Survey Evidence of Firms' Subjective Beliefs
Bachmann, Ruediger; Carstensen, Kai; Lautenbacher, Stefan; … - National Bureau of Economic Research - 2021
This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show that uncertainty reflects change: Planning incorporates higher subjective uncertainty about future sales growth when the firm has just experienced unusual growth, and more so if...
Persistent link: https://www.econbiz.de/10012660107
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Cointegration in international stock markets : evidence from Nordic countries
Soikkeli, Jarkko - 2000
Persistent link: https://www.econbiz.de/10001454585
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Why do banks go abroad? : Evidence from German data
Buch, Claudia M. - 1999
Persistent link: https://www.econbiz.de/10013261058
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Education, gender and earnings in France and Germany : level and dispersion effects
Lauer, Charlotte (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002137177
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New estimates of the duration and risk of unemployment for West-Germany
Wilke, Ralf A. (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001999192
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Financial market volatility and inflation uncertainty : an empirical investigation
Döpke, Jörg - 1999
Persistent link: https://www.econbiz.de/10013261026
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Trade, Human Capital, and Income Risk
Deng, Liuchun; Krishna, Pravin; Senses, Mine Zeynep; … - National Bureau of Economic Research - 2021
In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry cohorts and …-industry changes in imports and exports are causally related to income risk: Imports increase risk and exports decrease risk, and they …
Persistent link: https://www.econbiz.de/10012794639
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Managing Contribution and Capital Market Risk in a Funded Public Defined Benefit Plan : Impact of CVaR Cost Constraints
Maurer, Raimond - 2008
. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …
Persistent link: https://www.econbiz.de/10012464316
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Policy Uncertainty and Precautionary Savings
Giavazzi, Francesco - 2008
In 1997 Chancellor Kohl proposed a major pension reform and pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law -- one that is crucial for our identification strategy -- is that it left the generous pension entitlements...
Persistent link: https://www.econbiz.de/10012464736