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offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … has a pro-offshoring effect. And 2), under this same condition, offshoring increases volatility in domestic employment of … offshoring firms and the volatility of offshore employment of these same firms is larger than volatility of domestic employment. …
Persistent link: https://www.econbiz.de/10011497799
market indices are analysed: DAX30 (Germany), FTSE100 (UK), CAC40 (France), FTSE MIB40 (Italy) and IBEX35 (Spain). In all …
Persistent link: https://www.econbiz.de/10012022262
Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results reveal that GCC stock markets do not have similar sensitivities to oil price...
Persistent link: https://www.econbiz.de/10011859438
This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment growth in 25 OECD countries between 1973 and 2012. We use a novel, narrative-based dataset of reform indicators and apply the local projections approach. We consider not only...
Persistent link: https://www.econbiz.de/10014578524
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
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
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
and policy responses in real-time and provide the first application to Germany in the context of the COVID-19 pandemic …
Persistent link: https://www.econbiz.de/10012383744
, the adjusted data offer a weaker evidence on the cointegration relationship between a) the sectoral output indexes, b …
Persistent link: https://www.econbiz.de/10011398919
volatility and the persistence of the German stock index have fallen significantly relative to those of the U.S. index. However …
Persistent link: https://www.econbiz.de/10011397990