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about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …
Persistent link: https://www.econbiz.de/10012892229
correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …
Persistent link: https://www.econbiz.de/10013316976
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012824811
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks’ portfolio...
Persistent link: https://www.econbiz.de/10013250732
We consider a non-durable good monopoly that collects data on its customers in order to profile them and subsequently practice price discrimination on returning customers. The monopolist’s price discrimination scheme is leaky, in the sense that an endogenous fraction of consumers choose to...
Persistent link: https://www.econbiz.de/10013213778
The ifo Institute is Germany's largest business survey provider, with the ifo Business Climate Germany as one of the …
Persistent link: https://www.econbiz.de/10012833732
Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April …, these activities can most easily be identified if federal states of Germany adopted exit strategies that differ across …
Persistent link: https://www.econbiz.de/10012835655
This analysis investigates the predictive power of the most important leading indicators for the German economy, which are provided by the ifo Institute and IHS Markit. We conduct an out-of-sample, real-time forecast experiment for growth of gross domestic product and growth of gross value added...
Persistent link: https://www.econbiz.de/10012839771
the Joint Economic Forecast, which is an in-dependent forecasting institution in Germany. Our results indicate that … decline in Germany’s trend growth and a systematic failure to correctly anticipate recessions. We show that the German …
Persistent link: https://www.econbiz.de/10012892128
Accurate real-time macroeconomic data are essential for policy-making and economic nowcasting. In this paper, I introduce a real-time database for German regional economic accounts (READ-GER). The database contains real-time information for nine macroeconomic aggregates and the 16 German states....
Persistent link: https://www.econbiz.de/10014358678