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Financial returns to collecting rare political economy books

Ursprung, Heinrich W. - 2021

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...

Persistent link: https://www.econbiz.de/10012437910

Have macroeconomic models lost their connection with economic reality?

Veen, Tom van - 2020

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

Persistent link: https://www.econbiz.de/10012211109

Standing on the shoulders of giants or science? : lessons from ordoliberalism

Feld, Lars P.; Köhler, Ekkehard A. - 2023

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

Persistent link: https://www.econbiz.de/10014251970

Earlier or later : a general equilibrium analysis of bringing forward an already announced tax reform

Honerkamp, Josef (contributor); Moog, Stefan (contributor); … - 2004

The German Income Tax Reform 2000, which announced a reduction in income tax rates to be implemented in a series of three stages, was welcomed by the public as a step towards unleashing lurking growth potentials. Nonetheless, in the course of the year 2001 a dispute arose, centering around the...

Persistent link: https://www.econbiz.de/10002520046

Transparency and policy competition : experimental evidence from German citizens and politicians

Blesse, Sebastian; Lergetporer, Philipp; Nover, Justus; … - 2023

A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition across jurisdictions. In parallel surveys with German citizens and state parliamentarians, we document that both groups misperceive the performance of their state's education system....

Persistent link: https://www.econbiz.de/10013555713

Local information and firm expectations about aggregates

Dovern, Jonas; Müller, Lena; Wohlrabe, Klaus - 2022

Using new survey data on quantitative growth expectations of firms in Germany, we show that firms resort to local …

Persistent link: https://www.econbiz.de/10013285506

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

Intra-industry adjustment to import competition : theory and application to the German clothing industry

Raff, Horst; Wagner, Joachim - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10003898866

Optimal use of labor market policies : the role of job search assistance

Wunsch, Conny - 2009

This paper studies the role of job search assistance programs in optimal welfare-to-work programs. The analysis is based on a framework, that allows for endogenous choice of benefit types and levels, wage taxes or subsidies, and activation measures such as monitoring and job search assistance...

Persistent link: https://www.econbiz.de/10003923505

Multitasking and wages

Görlich, Dennis; Snower, Dennis J. - 2013

within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …

Persistent link: https://www.econbiz.de/10009765032