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Knowledge remittances : does emigration foster innovation?
Fackler, Thomas; Giesing, Yvonne; Laurentsyeva, Nadzeya - 2018
contributes to innovation in source countries. We use changes in the labour mobility legislation within Europe as exogenous … variation to establish causality. By analysing patent citation data, we further provide evidence that these positive effects are …
Persistent link: https://www.econbiz.de/10011952002
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The disciplinary effect of post-grant review : causal evidence from European patent opposition
Nagler, Markus; Sorg, Stefan - 2019
We study the causal impact of invalidating marginally valid patents during post-grant opposition at the European Patent … participation of a patent's original examiner in the opposition division as an instrument. We find a disciplinary effect of … invalidation: Affected inventors file 20% fewer patent applications in the decade after the decision. This effect is entirely …
Persistent link: https://www.econbiz.de/10011996418
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Labour market institutions and their effect on labour market performance in the new EU member countries
Fialová, Kamila (contributor);  … - 2008
This article focuses on the role of labour market institutions in explaining different labour market developments in European countries, with a special attention to the new European Union member countries. This may allow us to analyse effects of various institutional setups and of their changes...
Persistent link: https://www.econbiz.de/10003763951
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Automatic stabilizers and economic crisis : US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10003922975
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Equity price dynamics before and after the introduction of the euro : a note
Cheung, Yin-Wong; Westermann, Frank - 2001
Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...
Persistent link: https://www.econbiz.de/10011397990
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Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey
Hamella, Sandra; Haan, Jakob de - 2004
This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...
Persistent link: https://www.econbiz.de/10011399168
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Assessing the macroeconomic forecasting performance of boosting : evidence for the United States, the Euro Area, and Germany
Buchen, Teresa; Wohlrabe, Klaus - 2013
The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one possible method of using high-dimensional data for this purpose. It is a stage-wise additive modelling procedure, which, in a linear specification, becomes a variable selection...
Persistent link: https://www.econbiz.de/10009721997
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Is monetary policy in the eurozone less effective than in the US?
De Grauwe, Paul (contributor); Costa, Cláudia (contributor) - 2005
There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this "ECB-handicap" hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....
Persistent link: https://www.econbiz.de/10003297484
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Why do Europeans work less than Americans? : public consumption and welfare benefits as a cause of the North-Atlantic divide
Hall, Axel; Gylfi Zoega - 2015
We propose an explanation of why Europeans choose to work fewer hours than Americans and also suffer higher rates of unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries reduce, ceteris paribus, the gains from being...
Persistent link: https://www.econbiz.de/10010496985
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Does democracy make taller men? : cross-country European evidence
Batinti, Alberto; Costa-Font, Joan - 2021 - This version: January 2022
We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include models accounting for several confounders, regional and...
Persistent link: https://www.econbiz.de/10012698819