Similar Search Results

Does the nominal exchange rate regime matter for investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...

Persistent link: https://www.econbiz.de/10011400788

Time is running out : the 2°C target and optimal climate policies

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - 2011

The quintessence of recent natural science studies is that the 2°C target can only be achieved with massive emission reductions in the next few years. The central twist of this paper is the addition of this limited time to act into a non-perpetual real options framework analysing optimal...

Persistent link: https://www.econbiz.de/10009387263

Economic knock-on effects of Russia's geopolitical risk on advanced economies : a global VAR approach

Blagov, Boris; Dirks, Maximilian W.; Funke, Michael - 2024

Using Russia as a case study and a global VAR model as a methodological tool, we analyze how heightened geopolitical risk shocks propagate across advanced economies and quantify the economic effects of these events. The global VAR impulse response functions in response to the skyrocketing...

Persistent link: https://www.econbiz.de/10014452016

In search of leading indicators of economic activity in Germany

Bandholz, Harm; Funke, Michael - 2001

In this paper we present two new composite leading indicators of economicactivity in Germany estimated using a dynamic …

Persistent link: https://www.econbiz.de/10011400394

Going offshore : investments in German wind energy under uncertainty

Chen, Yu-Fu; Funke, Michael - 2015

energy deployment. The numerical results reveal that the long term subsidies in Germany set prices that provide higher …

Persistent link: https://www.econbiz.de/10011283826

Renewed momentum in the German housing market : boom or bubble?

Chen, Xi; Funke, Michael - 2013

The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks … speculative bubbles in Germany over the sample period 1987Q3 - 2012Q4. Overall, we find that actual house prices are not … Germany. …

Persistent link: https://www.econbiz.de/10009764458

Labour demand in Germany : an assessment of non-wage labour costs

Chen, Yu-Fu; Funke, Michael - 2003

The data indicate that non-wage labour costs in Germany have reached a record high in recent years. From 1972 to 2001 …

Persistent link: https://www.econbiz.de/10011507925

Threshold effects and regional economic growth e Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - 2002

West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income … distribution appears to be stratifying into a trimodal distribution. Thus, application of the threshold model to a real world case …, here West Germany, shows that the model might help to explain regional growth patterns. …

Persistent link: https://www.econbiz.de/10011409398

Drifting together or falling apart? : The empirics of regional economic growth in post-unification Germany

Colavecchio, Roberta (contributor); … - 2005

The objective of this paper is to address the question of convergence across German districts in the first decade after German unification by drawing out and emphasising some stylised facts of regional per capita income dynamics. We achieve this by employing non-parametric techniques which focus...

Persistent link: https://www.econbiz.de/10003120688

Temporary super depreciation allowances for green and digital investments

Funke, Michael; Terasa, Raphael - 2022

As an incentive to increase high-impact investment and boost growth, the German Federal Government is planning to introduce a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a calibrated multi-sector DSGE model, we find that the...

Persistent link: https://www.econbiz.de/10013285588