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Modellgestützte Analyse der ökologischen Steuerreform mit LEAN, PANTA RHEI und dem Potsdamer Mikrosimulationsmodell
Praetorius, Barbara; Meyer, Bernd; Kohlhaas, Michael; … - 2001
Eine erste systematische, modellgestützte Untersuchung der ökologischen Steuerreform in Deutschland kommt zu moderaten bis positiven Effekten auf Wirtschaftswachstum, Beschäftigung, Energieverbrauch und CO2-Emissionen. Für die Analyse wurden zwei gesamtwirtschaftliche Modelle - ein...
Persistent link: https://www.econbiz.de/10010260765
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Corporate governance and dividend policy in Poland
Kowalewski, Oskar; Stetsyuk, Ivan; Talavera, Oleksandr - 2007
This study examines the relation between corporate governance practices measured by Transparency Disclosure Index (TDI) and dividend policy in Poland. Our empirical approach, constructs measures of the quality of the corporate governance for 110 non-financial companies listed on Warsaw Stock...
Persistent link: https://www.econbiz.de/10010264957
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Stability criteria and convergence : the role of the system of national accounts for fiscal policy in Europe
Brück, Tilman; Cors, Andreas; Zimmermann, Klaus F.; … - 2002
The standardisation of the European systems of national accounts has progressed significantly in recent years. Some room for interpretation remains in regard to some accounting standards, the periodicity of the data, and the quality of the forecasts of budget deficits. Yet national accounts data...
Persistent link: https://www.econbiz.de/10010260646
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The impact of institutions on bank governance and stability: Evidence from African countries
Mutarindwa, Samuel; Schäfer, Dorothea; Stephan, Andreas - 2018
This paper sheds new light on how African countries' legal systems and institutions influence the governance and stability of their banks. We find that institutional factors, in particular the legal family of origin, political stability, contract enforcement and strength of investor protection...
Persistent link: https://www.econbiz.de/10011873681
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Does Macroeconomic Policy Affect Private Savings in Europe? Evidence From a Dynamic Panel Data Model
Schrooten, Mechthild; Stephan, Sabine - 2004
Private savings mirror consumption behavior. In Europe, the dynamic of consumption is very low, and at the same time, savings are increasing. Is this a result of macroeconomic policy? A GMM estimator is used to analyze the determinants of private saving in the EU?s 15 member states. Our main...
Persistent link: https://www.econbiz.de/10010324210
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A behavioral heterogeneous agent New Keynesian model
Pfäuti, Oliver; Seyrich, Fabian - 2022
We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy through indirect general equilibrium effects while...
Persistent link: https://www.econbiz.de/10013333568
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Liquidity and asset prices: how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price … limit speculative runs and negative effects on the real economy in the future. We explore the impacts of liquidity shocks on … real share and house prices and the influence of wealth prices on liquidity. VAR models are specified for the US and the …
Persistent link: https://www.econbiz.de/10010291772
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Does the ECB rely on a Taylor rule? Comparing ex-post with real time data
Belke, Ansgar; Klose, Jens - 2009
We assess the differences that emerge in Taylor rule estimations for the ECB when using ex-post data instead of real time forecasts and vice versa. We argue that previous comparative studies in this field mixed up two separate effects. First, the differences resulting from the use of ex-post and...
Persistent link: https://www.econbiz.de/10010271158
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Global liquidity, world savings glut and global policy coordination
Belke, Ansgar; Gros, Daniel - 2010
drivers of asset prices are global liquidity conditions. Central banks flooded the markets with ample liquidity. Mopping up … this excess liquidity will be one major task for central banks worldwide, which needs to be done in a coordinated fashion …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …
Persistent link: https://www.econbiz.de/10010271353
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Assessing the impact of the ECB's monetary policy on the stock markets: a sectoral view
Kholodilin, Konstantin Arkadievich; Montagnoli, Alberto; … - 2008
This paper analyzes the response of the European stock markets to the monetary policy shocks by the European Central Bank using the heteroskedasticity based approach of Rigobon (2003). We find that monetary policy tightening has a heterogeneous impact on the Euro Area sectors on the day the...
Persistent link: https://www.econbiz.de/10010274373