Showing 1 - 10 of 90
analyze recent stockbuilding trends in Germany, we propose a composite index aggregating information drawn from monthly …
Persistent link: https://www.econbiz.de/10010295636
Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo...
Persistent link: https://www.econbiz.de/10010295637
This paper proposes a new framework for studying the effects of monetary policy on business investment. Important ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling investment spending as a VAR. Based on a panel of...
Persistent link: https://www.econbiz.de/10010295752
In this paper we estimate a simple New-Keynesian DSGE model with German data for the sample period 1970:q1 to 1998:q4. Contrary to a number of recent similar papers estimated with US and euro-area data, we find that real money balances contribute significantly to the determination of inflation...
Persistent link: https://www.econbiz.de/10010295763
We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …
Persistent link: https://www.econbiz.de/10010295798
exchange rate pass-through and pricing-to-market for export pricing in Germany to shift since the 1990s is addressed by testing …
Persistent link: https://www.econbiz.de/10010295826
We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
Persistent link: https://www.econbiz.de/10010295844
Real residential investment in Germany is found to be cointegrated with population, real national income per capita and …
Persistent link: https://www.econbiz.de/10010300393
-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the …
Persistent link: https://www.econbiz.de/10010307856
The paper investigates the factors crucial in the locational decisions of multinational German banks in selected emerging markets of central and eastern Europe, Latin America and Asia between 1994 and 2001. Emphasis is placed on testing variables of macroeconomic and financial sector risk along...
Persistent link: https://www.econbiz.de/10010295628