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Germany's Economic Unification : An Assessment after Ten Years

Sinn, Hans-Werner - 2000

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

Persistent link: https://www.econbiz.de/10012471183

Defining Opportunity versus Necessity Entrepreneurship : Two Components of Business Creation

Fairlie, Robert W. - 2019

United States and Germany we find that 80-90 percent of entrepreneurs are opportunity entrepreneurs. Applying our proposed …

Persistent link: https://www.econbiz.de/10012480322

Social Security Reforms and the Changing Retirement Behavior in Germany

Börsch-Supan, Axel H. - 2020

As much like other industrialized countries, in recent decades the employment rate in Germany for those aged 55 to 69 …

Persistent link: https://www.econbiz.de/10012481373

Uncertainty and Economic Activity : Evidence from Business Survey Data

Bachmann, Ruediger - 2010

data from the U.S. and Germany in structural VARs, we find that positive innovations to business uncertainty lead to …

Persistent link: https://www.econbiz.de/10012462513

Business Cycle Accounting

Chari, V.V. - 2004

We propose a simple method to help researchers develop quantitative models of economic fluctuations. The method rests on the insight that many models are equivalent to a prototype growth model with time-varying wedges which resemble productivity, labor and investment taxes, and government...

Persistent link: https://www.econbiz.de/10012468342

The Effect of Macroeconomic Uncertainty on Household Spending

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - National Bureau of Economic Research - 2021

Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...

Persistent link: https://www.econbiz.de/10012496179

Business Cycles and the Exchange Rate System : Some International Evidence

Baxter, Marianne - 1988

This paper investigates empirically the differences in time?series behavior of key economic aggregates under alternative exchange rate systems. We use a postwar sample of 49 countries to compare the behavior of output. consumption, trade flows, government consumption spending, and real exchange...

Persistent link: https://www.econbiz.de/10012476375

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Olivier - 2015

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...

Persistent link: https://www.econbiz.de/10012456944

Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …

Persistent link: https://www.econbiz.de/10012460226

The Effects of Extended Unemployment Insurance over the Business Cycle : Evidence from Regression Discontinuity Estimates Over Twenty Years

Schmieder, Johannes - 2012

differential effects of UI in booms and recessions, this paper exploits the fact that, in Germany, potential UI benefit duration is …

Persistent link: https://www.econbiz.de/10012460845