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Skill wage premia, employment, and cohort effects: are workers in Germany all of the same type?

Fitzenberger, Bernd; Kohn, Karsten - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment … evolution of relative employment measures, we estimate elasticities of substitution between employees in three different skill … groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

Persistent link: https://www.econbiz.de/10005098021

Financial sector-output dynamics in the euro area: Non-linearities reconsidered

Schleer, Frauke; Semmler, Willi - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our study employs newly constructed financial condition indices that incorporate banking variables extensively. We apply a non-linear Vector Smooth Transition Autoregressive...

Persistent link: https://www.econbiz.de/10010957598

Financial sector-output dynamics in the euro area: Non-linearities reconsidered

Schleer, Frauke; Semmler, Willi - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study employs newly constructed financial condition indices that incorporate extensively banking variables. We apply a nonlinear Vector Smooth Transition Autoregressive (VSTAR) model...

Persistent link: https://www.econbiz.de/10010957715

Overleveraging, financial fragility and the banking-macro link: Theory and empirical evidence

Mittnik, Stefan; Semmler, Willi - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We investigate consequences of overleveraging and financial-sector stress on real economic activities. When banks become vulnerable, due to high leveraging, and there is a strong feedback between the real and the financial sector, a regime of high financial stress may arise. The vulnerability of...

Persistent link: https://www.econbiz.de/10011104994

The impact of monetary instruments on shock absorption in EU-Countries

Müller, Claudia; Buscher, Herbert S. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

supporters hope to obtain growth and employment impulses through more monetary stability, sceptics are anxious, since in their …

Persistent link: https://www.econbiz.de/10005097703

The EMU Consolidation Game - or: Does 3.0 Really Mean 3.0?

Heinemann, Friedrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10005097991

Real and monetary challenges to wage policy in Germany at the turn of the millennium: technical progress, globalization and European Monetary Union

Franz, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

development of wages and employment across skill groups, there is considerable disagreement to explain these trends, in particular …

Persistent link: https://www.econbiz.de/10005097995

Capital Mobility within EMU

Stirböck, Claudia; Heinemann, Friedrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...

Persistent link: https://www.econbiz.de/10005098044

The impact of the introduction of the Euro on firms' expectations concerning export behavior, product innovation and foreign competition - An empirical assessment of the German bus...

Kaiser, Ulrich; Müller, Claudia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1998

This paper analyses the degree to which firms expect to be able to enter new markets, to develop new products and to contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in the service sector are used for the empirical...

Persistent link: https://www.econbiz.de/10008567552

The impact of political announcements on expectations concerning the starting date of the EMU - A microeconometric approach to the detection of event-dependent answering patterns i...

Kaiser, Ulrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1997

This paper examines German business survey data to uncover the influence of political news on expectations concerning the starting date of the European Monetary Union (EMU). In this survey the participants were asked to indicate whether they expect a punctual or a delayed start of the EMU....

Persistent link: https://www.econbiz.de/10008567569