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price stability in Germany. -- government popularity ; popularity function ; Germany ; unemployment ; inflation …Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … government's popularity. This was true for Germany as well, but it does not seem to hold any longer. This paper first reviews the …
Persistent link: https://www.econbiz.de/10003923218
Persistent link: https://www.econbiz.de/10011402689
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521681
We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020 …–2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices … and wages. We further measure the relative importance of different types of shocks on inflation across countries over time …
Persistent link: https://www.econbiz.de/10014434281
Persistent link: https://www.econbiz.de/10003620167
wealth equivalents and anticipating the Greek participation, Germany will lose 30 billion (or 59 billion deutschmarks) and …
Persistent link: https://www.econbiz.de/10009781634
At the turn of the millennium three frequently cited potential causes of new challenges for wage p olicy in Germany are …
Persistent link: https://www.econbiz.de/10009781695
whether differences have diminished over time. We find that statements on the interest rate, inflation and economic growth …
Persistent link: https://www.econbiz.de/10011450560
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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