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Unemployment benefits and unemployment in the great recession: The role of macro effects
Hagedorn, Marcus; Karahan, Fatih; Manovskii, Iourii; … - 2013
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of...
Persistent link: https://www.econbiz.de/10010333564
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Firms and flexibility
Hobijn, Bart; Sahin, Aysegül - 2007
We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...
Persistent link: https://www.econbiz.de/10010283302
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The End of the Wheeling and Dealing
Sinn, Hans-Werner - In: CESifo Forum 09 (2008) 4, pp. 3-5
Persistent link: https://www.econbiz.de/10011695906
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The Causes of the Financial Crisis
Hellwig, Martin - In: CESifo Forum 09 (2008) 4, pp. 12-21
Persistent link: https://www.econbiz.de/10011695908
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Containment and Resolution in the Financial Crisis: Too Little, Too Late
Honohan, Patrick - In: CESifo Forum 09 (2008) 4, pp. 22-27
Persistent link: https://www.econbiz.de/10011695909
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Regional effects of federal tax shocks
Hayo, Bernd; Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10010294366
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Offsetting versus mitigation activities to reduce CO2 emissions: A theoretical and empirical analysis for the US and Germany
Lange, Andreas; Ziegler, Andreas - 2012
This paper studies the voluntary provision of public goods that is partially driven by a desire to offset for individual polluting activities. We first extend existing theory and show that offsets allow a reduction in effective environmental pollution levels while not necessarily extending the...
Persistent link: https://www.econbiz.de/10010294375
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Regionaler Treibhausgas-Emissionshandel in den USA: Eine umweltökonomische Analyse der Erfahrungen und der Neuerungen in Kalifornien und Neuengland
Rudolph, Sven - 2013
In den USA, weltweit zweitgrößte Wirtschaftsmacht und gleichzeitig zweitgrößter Emittent von Treibhausgasen, war die … der USA vollzog eine tiefgreifende Revision der Regional Greenhouse Gas Initiative (RGGI). Vor diesem Hintergrund stellt … der vorliegende Beitrag unter Einbeziehung aktuellster Entwicklungen in den USA das Design regionaler Treibhausgas …
Persistent link: https://www.econbiz.de/10010294376
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Is socially responsible investing really beneficial? New empirical evidence for the US and European stock markets
Mollet, Janick Christian; Ziegler, Andreas - 2012
This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It extends the existing literature by considering both the US and the entire European stock markets as well as by using consistent world-wide corporate...
Persistent link: https://www.econbiz.de/10010294388
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Evaluating FOMC forecast ranges: an interval data approach
Fischer, Henning; García-Bárzana, Marta; Tillmann, Peter - 2012
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve publishes the range of members' forecasts for key macroeconomic variables, but not the distribution of forecasts within this range. To evaluate these projections, previous papers compare the midpoint of the ranges with the...
Persistent link: https://www.econbiz.de/10010294451