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Ein nutzungskostenbasierter Ansatz zur Messung des Faktors Kapital in aggregierten Produktionsfunktionen

Knetsch, Thomas A. - Deutsche Bundesbank - 2012

Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem Nutzungswert im Produktionsprozess gewichtet werden. Dazu werden Nutzungskosten für die einzelnen Anlageklassen mit Hilfe von Daten der Volkswirtschaftlichen Gesamtrechnungen sowie...

Persistent link: https://www.econbiz.de/10010535437

A user cost approach to capital measurement in aggregate production functions

Knetsch, Thomas A. - Deutsche Bundesbank - 2012

A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...

Persistent link: https://www.econbiz.de/10010535442

A user cost approach to capital measurement in aggregate production functions

Knetsch, Thomas A. - Deutsche Bundesbank - 2012

Persistent link: https://www.econbiz.de/10010984707

Ein nutzungskostenbasierter Ansatz zur Messung des Faktors Kapital in aggregierten Produktionsfunktionen

Knetsch, Thomas A. - Deutsche Bundesbank - 2012

Persistent link: https://www.econbiz.de/10010984711

Measuring business sector concentration by an infection model

Düllmann, Klaus - Deutsche Bundesbank - 2005

Results from portfolio models for credit risk tell us that loan concentration in certain industry sectors can substantially increase the value-at-risk (VaR). The purpose of this paper is to analyze whether a tractable "infection model" can provide a meaningful estimate of the impact of...

Persistent link: https://www.econbiz.de/10005082800

How strong is the impact of exports and other demand components on German import demand? Evidence from euro-area and non-euro-area imports

Stirböck, Claudia - Deutsche Bundesbank - 2006

This paper presents a single error-correction analysis of German total, euro-area (intra) and non-euro-area (extra) import demand for the 1980-2004 period and the more recent 1993-2004 period. German import demand is mainly driven by domestic demand and foreign demand for German goods; by...

Persistent link: https://www.econbiz.de/10005083110

Firm-specific productivity risk over the business cycle: facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - Deutsche Bundesbank - 2009

Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneousfirm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...

Persistent link: https://www.econbiz.de/10005059021

The cross-section of firms over the business cycle: new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - Deutsche Bundesbank - 2009

Using a unique German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The...

Persistent link: https://www.econbiz.de/10005059026

Towards an explanation of cross-country asymmetries in monetary transmission

Georgiadis, Georgios - Deutsche Bundesbank - 2012

I quantify the importance of financial structure, labor market rigidities and industry mix for cross-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained from country-specific vectorautoregressive (VAR) models...

Persistent link: https://www.econbiz.de/10010957093

Inefficient or just different? Effects of heterogeneity on bank efficiency scores

Bos, Jaap W. B.; Heid, Frank; Koetter, Michael; Kolari, … - Deutsche Bundesbank - 2005

In this paper, we show the importance of accounting for heterogeneity among sample firms in stochastic frontier … assumptions regarding the nature of heterogeneity can be modeled and the extent to which the respective empirical specifications … studies in particular should account for heterogeneity across sample firms. Especially when efficiency measures are employed …

Persistent link: https://www.econbiz.de/10005082784