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Impulse Purchases, Gun Ownership and Homicides : Evidence from a Firearm Demand Shock
Koenig, Christoph - 2019
countrywide gun demand shock starting in late 2012, we show that U.S. states with legislation preventing immediate handgun …
Persistent link: https://www.econbiz.de/10012861441
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Do Immigrants Affect Crime? Evidence from Panel Data for Germany
Maghularia, Rita - 2019
The paper analyses the empirical relationship between immigrants and crime using panel data for 391 German … administrative districts between 2003 and 2016. Employing different standard panel estimation methods, we show that there is no … positive association between the immigrant rate and the crime rate. We assess the robustness of this result by considering the …
Persistent link: https://www.econbiz.de/10012867015
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Trade Openness and Income Inequality : New Empirical Evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10013218286
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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
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Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital
Malley, Jim - 2011
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659
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Going Back to School Takes Time : Evidence from a Negative Trade Shock
Garon, Jean-Denis - 2020
We estimate the impact of a negative trade shock on labour market outcomes and educational choices of workers. We …
Persistent link: https://www.econbiz.de/10012841620
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Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates
Badinger, Harald - 2020
residuals of the policy rule equation at these shock dates accordingly. In spite of its utmost agnostic nature, this approach …
Persistent link: https://www.econbiz.de/10012822501
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Measuring Euro Area Monetary Policy
Altavilla, Carlo - 2019
We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision...
Persistent link: https://www.econbiz.de/10012867012
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Estimating General Equilibrium Spillovers of Large-Scale Shocks
Huber, Kilian - 2021
functional forms can overcome different sources of bias. The analysis is particularly relevant to the estimation of spillovers …
Persistent link: https://www.econbiz.de/10013237223
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A Note on Temporary Supply Shocks with Aggregate Demand Inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...
Persistent link: https://www.econbiz.de/10013282457