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Capital Accumulation, Labour Market Institutions, and Unemployment in the Medium Run

Stockhammer, Engelbert; Klär, Erik - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

Persistent link: https://www.econbiz.de/10004963721

Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change

Kemfert, Claudia; Truong, Truong P. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased R&D expenditures that advance energy...

Persistent link: https://www.econbiz.de/10004963861

Induced Technological Change in a Multi-regional, Multi-sectoral Integrated Assessment Model (WIAGEM): Impact Assessment of Climate Policy Strategies

Kemfert, Claudia - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004

This paper illustrates the representation of induced technological change in the multi- regional, multi-sectoral integrated assessment model WIAGEM. The main aim of this paper is to investigate quantitatively economic impacts of climate policy measures due to induced technological changes that...

Persistent link: https://www.econbiz.de/10005068821

Where Are the Industrial Technologies in Energy-Economy Models?: An Innovative CGE Approach for Steel Production in Germany

Schumacher, Katja; Sands, Ronald D. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

Top-down computable general equilibrium (CGE) models are used extensively for analysis of energy and climate policies. Energy-intensive industries are usually represented in top-down economic models as abstract economic production functions, of the constantelasticity-of-substitution (CES)...

Persistent link: https://www.econbiz.de/10005069004

Structural Unemployment and the Output Gap in Germany: Evidence from an SVAR Analysis within a Hysteresis Framework

Fritsche, Ulrich; Logeay, Camille - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in …

Persistent link: https://www.econbiz.de/10005068660

The Benefit of Coordinating Congestion Management in Germany

Kunz, Friedrich; Zerrahn, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

coordination between them in managing national congestion would be beneficial. To address this issue, we apply a generalized Nash … equilibrium model to analyze different degrees of coordination, covering the German electricity market with a detailed … rising degree of coordination as TSOs take into account congestion in other operators' zones. Total costs are highest in case …

Persistent link: https://www.econbiz.de/10010655930

Are There Bubbles in Stock Prices?: Testing for Fundamental Shocks

Velinov, Anton; Chen, Wenjuan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

This paper investigates whether there are bubbles in stock prices. We do this using a previously studied structural vector autoregressive (SVAR) model claiming to distinguish fundamental and non-fundamental shocks to real stock prices. TheSVAR model relies on an identification restriction in...

Persistent link: https://www.econbiz.de/10011266592

Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

Caporale, Guglielmo Maria; Souza, Ricardo M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that,...

Persistent link: https://www.econbiz.de/10009322379

Are Stock and Housing Returns Complements or Substitutes?: Evidence from OECD Countries

Caporale, Guglielmo Maria; Souza, Ricardo M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...

Persistent link: https://www.econbiz.de/10009322380

Financial Integration and Macroeconomic Stability: What Role for Large Banks?

Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

This study assesses how banking sector integration and especially cross-border lending affect macroeconomic stability. I use a two-country general equilibrium model with heterogeneous banks that are hit by idiosyncratic shocks. According to the concept of granularity, idiosyncratic shocks to...

Persistent link: https://www.econbiz.de/10009644901