Showing 1 - 10 of 114
This paper argues that counter-cyclical liquidity hoarding by financial intermediaries may strongly amplify business cycles. It develops a dynamic stochastic general equilibrium model in which banks operate subject to financial frictions and idiosyncratic funding liquidity risk in their...
Persistent link: https://www.econbiz.de/10011128868
negative relationship between the unemployment rate and the rate of vacancies, which is efficiently estimated using spatial … structural factors such as the evolution of long term unemployment, it is also affected by business cycle fluctuations. The role …
Persistent link: https://www.econbiz.de/10005069059
This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co … of the US, OFDI has positive long-run effects on domestic investment while in the case of Germany the reverse effect is …
Persistent link: https://www.econbiz.de/10004963610
In diesem Papier wird an Hand eines Vektorfehlerkorrekturmodells (VECM) für den französischen Arbeitsmarkt untersucht, wie sich die dort Anfang 2000 eingeführte Verkürzung der Regelarbeitszeit in Verbindung mit Subventionen der Sozialversicherungsbeiträge ausgewirkt hat. Theoretisch sind...
Persistent link: https://www.econbiz.de/10005068646
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
. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and …
Persistent link: https://www.econbiz.de/10004963751
New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …
Persistent link: https://www.econbiz.de/10005068985
Germany reveals that start-up activities are positively influenced by unemployment rates and that the cyclical component of … of low and high unemployment periods reveals a "low unemployment retard effect". …
Persistent link: https://www.econbiz.de/10010632798
This paper analyses the determinants of Chinese direct investment (DI) in the European Union (EU). Evidence is based on … panel Poisson models drawing on two investment monitors for individual projects. We distinguish between the numbers of …
Persistent link: https://www.econbiz.de/10011276388
investigate the macro-determinants of private equity investment in Europe, focusing on the comparison between CEE and Western …
Persistent link: https://www.econbiz.de/10010783950