Similar Search Results

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic productivity shocks for new contacts. Large negative...

Persistent link: https://www.econbiz.de/10011444082

Consumption, wealth and business cycles in Germany

Hamburg, Britta (contributor); Hoffmann, Mathias (contributor) - 2005

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

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...

Persistent link: https://www.econbiz.de/10003888063

Firm-specific productivity risk over the business cycle : facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - 2009

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

The Ifo business cycle clock : circular correlation with the real GDP

Abberger, Klaus; Nierhaus, Wolfgang - 2010

The Ifo Business Climate is the most important indicator for the business cycle in Germany. In 1993 the connection …

Persistent link: https://www.econbiz.de/10008697108

How strongly did the 2007/08 oil price hike contribute to the subsequent recession?

Carstensen, Kai; Elstner, Steffen; Paula, Georg - 2011

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

Asset returns, the business cycle, and the labor market : a sensitivity analysis for the German economy

Heer, Burkhard; Maußner, Alfred - 2011

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

Distributional consequences of labor-demand shocks : the 2008-09 recession in Germany

Bargain, Olivier; Immervoll, Herwig; Peichl, Andreas; … - 2011

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

What drives aggregate investment?

Bachmann, Ruediger; Zorn, Peter - 2013 - This Version: April 13, 2013

Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to gauge their contribution to short-run investment...

Persistent link: https://www.econbiz.de/10009736762

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2014

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