Showing 1 - 10 of 36
The COVID-19 pandemic is producing a global health and economic crisis. The entire globe is facing the trade-off between health and recessionary effects. This paper investigates this trade-off according to a macro-dynamic perspective. We set up and simulate a Dynamic Stochastic General...
Persistent link: https://www.econbiz.de/10012258268
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
Persistent link: https://www.econbiz.de/10011580632
This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data … these three variables from their common trend signal changes in asset prices, we find that for Germany they predict changes … Germany than in the Anglo-Saxon economies and the share of publicly traded equity in household wealth is much smaller in …
Persistent link: https://www.econbiz.de/10002756342
Germany. The new data set will regularly be updated when quarterly economic growth for Germany becomes available. We use the …
Persistent link: https://www.econbiz.de/10013549105
Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...
Persistent link: https://www.econbiz.de/10003898815
firm level analysis for which we exploit a unique microeconomic data set for Germany. Inspired by this finding, we … subsequent recession in Germany even though it was by far not the main driver. -- oil price shock ; VAR model ; micro data …
Persistent link: https://www.econbiz.de/10009010510
We review the labor market implications of recent real-business-cycle models that successfully replicate the empirical equity premium. We document the fact that all models considered in this survey with the exception of Boldrin, Christiano, and Fisher (2001) imply a negative correlation of...
Persistent link: https://www.econbiz.de/10009011127
lack of real-time microdata. This paper studies the distributional and fiscal implications of output changes in Germany …
Persistent link: https://www.econbiz.de/10009011947
component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro …
Persistent link: https://www.econbiz.de/10010249718
Using a representative establishment data set for Germany, we show that, in line with the existing literature for … ; employment adjustment ; Germany … Beschäftigungsanpassung in Deutschland eine funktionale Form mit fixer und konvexer Komponente aufweisen, wie es auch frühere Studien für …
Persistent link: https://www.econbiz.de/10009664248