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Productivity and the product scope of multi-product firms : a test of Feenstra-Ma
Raff, Horst; Wagner, Joachim - 2012 - This version: December 7, 2012
firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …
Persistent link: https://www.econbiz.de/10009672241
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The Coordination Channel of Foreign Exchange Intervention : A Nonlinear Microstructural Analysis
Reitz, Stefan - 2016
Persistent link: https://www.econbiz.de/10012991195
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The Debt Brake : Business Cycle and Welfare Consequences of Germany's New Fiscal Policy Rule
Mayer, Eric - 2016
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a countercyclical spending rule following the idea of the debt brake is well suited both to steer the economy and in terms of welfare. In particular, the adjustment account set up to...
Persistent link: https://www.econbiz.de/10012991012
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The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis
Baum, Anja - 2016
Does the state of the business cycle matter for the effects of fiscal policy shocks on GDP? This study analyses quarterly German data from 1976 to 2009 in a threshold SVAR, expanding the SVAR approach by Blanchard and Perotti (2002). In a linear benchmark SVAR, the analysis finds that hiking...
Persistent link: https://www.econbiz.de/10012991046
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The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany : A Disaggregated SVAR Analysis
Wolff, Guntram B. - 2016
Persistent link: https://www.econbiz.de/10012991162
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How Effective are Automatic Stabilisers? Theory and Empirical Results for Germany and Other OECD Countries
Scharnagl, Michael - 2016
Persistent link: https://www.econbiz.de/10012991352
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Does Trade Openness Increase Firm-Level Volatility?
Buch, Claudia M. - 2016
Persistent link: https://www.econbiz.de/10012991165
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Has the Export Pricing Behaviour of German Enterprises Changed? Empirical Evidence from German Sectoral Prices
Stahn, Kerstin - 2016
Persistent link: https://www.econbiz.de/10012991166
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Has the Impact of Key Determinants of German Exports Changed? Results from Estimations of Germany's Intra Euro-Area and Extra Euro-Area Exports
Stahn, Kerstin - 2016
The question as to whether changes in the external environment may have caused the importance of key determinants of German exports to shift since the 1990s is addressed by estimating Germany's exports to EMU partner countries (intra exports) and to countries outside the euro area (extra...
Persistent link: https://www.econbiz.de/10012991196