Ergänzend zu den Beiträgen im ifo Schnelldienst 23/2007 sieht Stefan Sell unabhängig von der Frage der Laufzeit der Versicherungsleistung bei den Arbeitsmarktreformen im Kontext der Agenda 2010 das zentrale Dilemma in der Einseitigkeit dieser Reformen. Es wurde, seiner Meinung nach,...

Real residential investment in Germany is found to be cointegrated with population, real national income per capita and real house prices. This evidence is consistent with a model where the trend in housing demand is determined by demographic factors and economic well-being to which supply...

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...

Does more FDI make the world a riskier place for workers? We analyze whether an increase in multinational firms' activities is associated with an increase in firm-level employment volatility. We use a firm-level dataset for Germany which allows us to distinguish between purely domestic firms,...

Globalization has effected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...