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Rules for Border-Crossing Factor Movements

Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2007

firms, the flow of technology and the migration of people. These rules have to make sure that individuals, individual … whether new technology is found. Except for TRIMS, an international investment code has not been established. Conventions have …

Persistent link: https://www.econbiz.de/10005755188

Technology and Economic Performance in the German Economy

Siebert, Horst; Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2001

Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing … areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which … private business. Promising changes in technology policy and capital market conditions can be observed only since the mid-1990 …

Persistent link: https://www.econbiz.de/10005755259

An inconsistency in using stock flow consistency in modelling the monetary profit paradox

de la Fonteijne, Marcel - Institut für Weltwirtschaft (IfW) - 2014

In order to understand from where the profits or monetary profits of capitalists and firms emerge the author examined the phrase of Marx, 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher hineingeworfen war.' (The class of capitalists cannot...

Persistent link: https://www.econbiz.de/10010956050

Housing market bubbles and business cycles in an agent-based credit economy

Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - Institut für Weltwirtschaft (IfW) - 2013

In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the...

Persistent link: https://www.econbiz.de/10010956096

Sticky wages in search and matching models in the short and long run

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011

This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage bargaining. It turns out that there is a strong tradeoff inherent in assuming that previously bargained sticky wages apply to new hires. If sticky wages apply to new hires, then the...

Persistent link: https://www.econbiz.de/10009216283

Matching labor’s share in a search and matching model

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011

I evaluate the degree to which different wage-setting mechanisms in labor market search models can fit the aggregate facts on labor’s share. I find that staggered bargaining in nominal wages best allows the model to plausibly match the negative relationship between labor’s share and lagged...

Persistent link: https://www.econbiz.de/10009292397

The paradox of monetary profits: an obstacle to understanding financial and economic Crisis?

Bruun, Charlotte; Heyn-Johnsen, Carsten - Institut für Weltwirtschaft (IfW) - 2009

The paradox of monetary profits has been a recurrent theme in macroeconomics since the problem was first formulated by Marx. Capitalists as a whole can at most get from workers, what they already paid out in wages. Marx did not solve this problem, and neither did Keynes, who had to face the...

Persistent link: https://www.econbiz.de/10008479049

Evaluating the performance of the search and matching model with sticky wages

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...

Persistent link: https://www.econbiz.de/10009021626

Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology

Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - Institut für Weltwirtschaft (IfW) - 2014

This paper is the first to show theoretically and empirically how firms' production technology affects the choice of …

Persistent link: https://www.econbiz.de/10010886974

The Returns to Occupational Foreign Language Use: Evidence from Germany

Stoehr, Tobias - Institut für Weltwirtschaft (IfW) - 2013

This paper analyses the wage premia associated with workers' occupational use of foreign languages in Germany. After eliminating time-invariant unobserved heterogeneity and other confounding factors, sizable returns of about 10 percent to applying fluent English skills are found. Returns to...

Persistent link: https://www.econbiz.de/10010887011