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Are different-currency assets imperfect substitutes?

Evans, Martin D. D.; Lyons, Richard K. - 2003

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability are clearly...

Persistent link: https://www.econbiz.de/10001775073

A first look on the new halle economic projection model

Giesen, Sebastian; Holtemöller, Oliver; Scharff, Juliane; … - 2010

In diesem Diskussionspapier wird ein Modell vorgestellt, das die jeweilige gesamtwirtschaftliche Entwicklung in den … zunächst drei Länder modelliert, nämlich die USA und aus dem Euro-Währungsgebiet Deutschland und Frankreich, die zusammen etwa … 50 Prozent des Bruttoinlandsproduktes des Euro-Währungsgebietes ausmachen. Das Modell berücksichtigt länderspezifische …

Persistent link: https://www.econbiz.de/10003950731

Measuring indirect effects of unfair employer behavior on worker productivity : a field experiment

Heinz, Matthias; Jeworrek, Sabrina; Mertins, Vanessa; … - 2017

We present a field experiment in which we set up a call-center to study how the productivity of workers is affected if managers treat their co-workers in an unfair way. This question cannot be studied in long-lived organizations since workers may change their career expectations (and hence...

Persistent link: https://www.econbiz.de/10011764924

Alterung und technologisches Innovationspotential : eine Linked-Employer-Employee-Analyse

Schneider, Lutz (contributor) - 2007

Growth in advanced economies is essentially driven by innovation activities. From a demographic point of view the question rises, whether the trend of an ageing workforce will affect the innovation capacities of these economies. To answer this question, the paper examines on the basis of a...

Persistent link: https://www.econbiz.de/10003413049

The Ifo DSGE model for the German economy

Hristov, Nikolay - 2016

This paper estimates a medium-scale open economy DSGE model for Germany and the rest of the Euro Area (REA). The parameter estimates indicate that there is a modest degree of structural heterogeneity between Germany and the rest of the Euro Area. In particular, (i) the private sector in Germany...

Persistent link: https://www.econbiz.de/10011436405

Corporate investment decisions under political uncertainty

Riem, Marina - 2016

I investigate how political uncertainty influences corporate investment decisions employing a unique panel dataset of German manufacturing firms. I use data on firms' self-reported investment realizations, plans and revisions. The firm-specific user cost of capital captures the current...

Persistent link: https://www.econbiz.de/10011539894

Do mergers of large local governments reduce expenditures? : evidence from Germany using the synthetic control method

Rösel, Felix - 2016

States merge small and medium sized municipalities to achieve economies of scale. Little is known to which extent mergers of large local governments reduce expenditures. I use the synthetic control method to identify the effect of mergers of county-sized administrations in Germany (districts) on...

Persistent link: https://www.econbiz.de/10011542219

The impact of the Bologna Reform on student outcomes : evidence from exogenous variation in regional supply of Bachelor programs in Germany

Enzi, Bernhard; Siegler, Benedikt - 2016

How did the introduction of the Bachelor-degree system affect students in Germany? Combining rich data on university students with administrative data on universities' study programs, we exploit variation in the timing of Bachelor-degree implementation across departments. To account for...

Persistent link: https://www.econbiz.de/10011542233

Does political uncertainty influence firm owners' business perceptions?

Riem, Marina - 2016

Using microdata that serve as the foundation of the ifo Business Climate Index, Germany's leading business cycle indicator, I examine whether political uncertainty influences how firm owners perceive their present state and future development of business. I use state election months as...

Persistent link: https://www.econbiz.de/10011542240

Does administrative status matter for urban growth? : evidence from present and former county capitals in East Germany

Heider, Bastian; Kauffmann, Albrecht; Rosenfeld, Martin … - 2016 - (This version: October 2016)

Public sector activities are often neglected in the economic approaches used to analyze the driving forces behind urban growth. The institutional status of a regional capital is a crucial aspect of public sector activities. This paper reports on a quasi-natural experiment on county towns in East...

Persistent link: https://www.econbiz.de/10011547143

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