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High and low prices and the range in the European stock markets : a long-memory approach
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2019
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
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Oil prices and GCC stock markets : new evidence from smooth transition models
Cheikh, Nidhaleddine Ben; Ben Naceur, Samy; Kanaan, … - 2018
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
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Labour market counter-reforms in OECD countries : conditional impact on output and employment growth
Wiese, Rasmus; Jalles, João Tovar; Haan, Jakob de - 2024
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
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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
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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
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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
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Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020
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
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Sectoral trends and cycles in Germany
Cheung, Yin-Wong; Westermann, Frank - 2001
, 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
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Equity price dynamics before and after the introduction of the euro : a note
Cheung, Yin-Wong; Westermann, Frank - 2001
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
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Great moderation at the firm level? : unconditional vs. conditional Output volatility
Buch, Claudia M. (contributor); Döpke, Jörg (contributor);  … - 2008
trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long … Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …
Persistent link: https://www.econbiz.de/10003720335