Narrow search
Showing 1 - 10 of 292
Cover Image
The economic determinants of U.S. presidential approval: A survey
Berlemann, Michael; Enkelmann, Sören - 2012
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …
Persistent link: https://www.econbiz.de/10010281454
Cover Image
Forecasting nonlinear aggregates and aggregates with time-varying weights
Luetkepohl, Helmut - 2010
with simulations. Two examples based on European unemployment and inflation series are used to illustrate the virtue of the …
Persistent link: https://www.econbiz.de/10010270456
Cover Image
The Asymmetric Impact of Economic Policy and Oil Price Uncertainty on Inflation : Evidence from Developed and Emerging Economies
Anderl, Christina; Caporale, Guglielmo Maria - 2023
inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10014260984
Cover Image
Social welfare versus inequality concerns in an incomplete contract experiment
Faravelli, Marco; Kirchkamp, Oliver; Rainer, Helmut - 2010
We study a situation where two players first choose a sharing rule, then invest into a joint production process, and then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even the materially disadvantaged player cares more for...
Persistent link: https://www.econbiz.de/10010266106
Cover Image
What explains the rise in CEO pay in Germany? A panel data analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - 2012
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms...
Persistent link: https://www.econbiz.de/10010281035
Cover Image
CEO compensation
Frydman, Carola; Jenter, Dirk - 2010
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10010285538
Cover Image
Explaining constitutional change: The case of judicial independence
Hayo, Bernd; Voigt, Stefan - 2012
This paper studies the factors driving changes in judicial independence (JI) as incorporated in constitutions. Two indicators of constitutionally safeguarded JI are constructed. Variations in these indicators are identified based on changes in the constitutions of as many as 100 countries that...
Persistent link: https://www.econbiz.de/10010291534
Cover Image
How weak is the weakest-link principle? : On the measurement of firm owners' control rights
Weichenrieder, Alfons J.; Edwards, Jeremy S. S. - 2004
The paper argues that the weakest link principle, which has been widely used as a measure of ultimate owners? control rights, has a number of serious problems. A theoretically more satisfactory method of measuring control rights, based on voting power indices, is proposed, and the different...
Persistent link: https://www.econbiz.de/10010261241
Cover Image
Wage bargaining and political strength in the public sector
Falch, Torberg; Str?m, Bjarne - 2005
This paper analysis the link between political strength and public sector wages using a unique matched individual-employer data set for Norwegian local governments during the period 1990-1998. The results indicate that political strength, measured in several ways, has a positive effect on wages,...
Persistent link: https://www.econbiz.de/10010261392
Cover Image
Explaining conflict in low-income countries : incomplete contracting in the shadow of the future
McBride, Michael; Skaperdas, Stergios - 2005
We examine two factors that help explain the prevalence of conflict in low-income countries: that adversaries cannot enforce long-term contracts in arms, and that open conflict alters the future strategic positions of the adversaries differently than does peace. Using an infinite horizon model,...
Persistent link: https://www.econbiz.de/10010261398