Showing 1 - 10 of 289
Persistent link: https://www.econbiz.de/10009684152
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
estimation methods. Specifically, we employ VAR models with drifting parameters and stochastic volatility which are used to …
Persistent link: https://www.econbiz.de/10014233967
This paper develops a two-block Structural Vector Autoregression featuring time-varying parameters and stochastic volatility to estimate the changing spillover of global oil shocks into the Maltese economy during the period that goes from January 2008 to March 2022. The model is estimated by...
Persistent link: https://www.econbiz.de/10014380679
Persistent link: https://www.econbiz.de/10009157613
This paper revisits the relationship between labour taxation and international trade, focusing on the role of domestic labour value added. Using sectoral data from 41 EU and OECD economies over the period 2005- 2014, we assess how labour taxes affect exports and imports and how domestic labour...
Persistent link: https://www.econbiz.de/10012607909
In recent years, coinciding with the discussion led in many OECD countries, Germany has started to contract out … contracted out so far in Germany. In this paper a microeconometric evaluation of this system using propensity score matching is …
Persistent link: https://www.econbiz.de/10003314709
We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive impact on incremental innovations. This impact is largely independent of the participation in R&D cooperations. Spillovers exert no such independent influence on drastic...
Persistent link: https://www.econbiz.de/10003319674
In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … framework of a vector autoregression (VAR) approach for Germany. For this purpose, we use three different specifications in … restricted sample period for post-unification Germany, we oppose claims that the oil to macroeconomy relationship has weakened …
Persistent link: https://www.econbiz.de/10003806166
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003888735