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The effect of FDI on job separation
Muendler, Marc-Andreas; Becker, Sascha O. - Deutsche Bundesbank - 2007
A novel linked employer-employee data set documents that expanding multinational enterprises retain more domestic jobs than competitors without foreign expansions. In contrast to prior research, a propensity score estimator allows enterprise performance to vary with foreign direct investment...
Persistent link: https://www.econbiz.de/10005083120
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Households' disagreement on inflation expectations and socioeconomic media exposure in Germany
Menz, Jan-Oliver; Poppitz, Philipp - Deutsche Bundesbank - 2013
impact of three sources of the demographic dependence of inflation expectations using data for Germany. Overall, our findings …
Persistent link: https://www.econbiz.de/10010957123
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Do actions speak louder than words? Household expectations of inflation based on micro consumption data
Inoue, Atsushi; Kilian, Lutz; Kiraz, Fatma Burcu - Deutsche Bundesbank - 2006
Survey data on household expectations of inflation are routinely used in economic analysis, yet it is not clear to what extent households are able to articulate their expectations in survey interviews. We propose an alternative approach to recovering households' implicit expectations of...
Persistent link: https://www.econbiz.de/10005083136
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Genetic learning as an explanation of stylized facts of foreign exchange markets
Lux, Thomas; Schornstein, Sascha - Deutsche Bundesbank - 2002
This paper revisits the Kareken-Wallace model of exchange rate formation in a two-country overlapping generations world. Following the seminal paper by Arifovic (Journal of Political Economy, 104, 1996, 510-541) we investigate a dynamic version of the model in which agents' decision rules are...
Persistent link: https://www.econbiz.de/10005083146
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The rationality and reliability of expectations reported by British households: micro evidence from the British household panel survey
Mitchell, James; Weale, Martin R. - Deutsche Bundesbank - 2007
This paper assesses the accuracy of individuals' expectations of their financial circumstances, as reported in the British Household Panel Survey, as predictors of outcomes and identifies what factors influence their reliability. As the data are qualitative bivariate ordered probit models,...
Persistent link: https://www.econbiz.de/10005083216
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Heterogeneous expectations, learning and European inflation dynamics
Weber, Anke - Deutsche Bundesbank - 2007
household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain …
Persistent link: https://www.econbiz.de/10005083250
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Nonlinear oil price dynamics: a tale of heterogeneous speculators?
Reitz, Stefan; Slopek, Ulf Dieter - Deutsche Bundesbank - 2008
While some of the recent surge of oil prices can be attributed to robust global demand at a time of tight production capacities, commentators occasionally also blame the impact of speculators for part of the price pressure. We propose an empirical oil market model with heterogeneous speculators....
Persistent link: https://www.econbiz.de/10005083274
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Are oil price forecasters finally right? Regressive expectations toward more fundamental values of the oil price
Reitz, Stefan; Rülke, Jan-Christoph; Stadtmann, Georg - Deutsche Bundesbank - 2009
We use oil price forecasts from the Consensus Economic Forecast poll to analyze how forecasters form their expectations. Our findings seem to indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard measures of forecast accuracy reveal...
Persistent link: https://www.econbiz.de/10008474656
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The stability of efficiency rankings when risk-preferences and objectives are different
Koetter, Michael - Deutsche Bundesbank - 2006
different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …
Persistent link: https://www.econbiz.de/10005082781
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Kredite und Einlagen
1994
Persistent link: https://www.econbiz.de/10000891772