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Marin, Dalia; Verdier, Thierry - Volkswirtschaftliche Fakultät, … - 2002

Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More...

Persistent link: https://www.econbiz.de/10005187271

Ownership, Capital or Outsourcing: What Drives German Investment to Eastern Europe?

Marin, Dalia; Lorentowicz, Andzelika; Raubold, Alexander - Volkswirtschaftliche Fakultät, … - 2002

The paper takes a first look at the host and home country effects of German FDI in Eastern Europe (EE) based on new survey data of 1050 investment projects in EE by 420 German multinationals during the 1990s. We find that German investors transfer a substantial amount of financial capital to EE....

Persistent link: https://www.econbiz.de/10005187276

Vermögenspreise und Konsum

Illing, Gerhard; Klüh, Ulrich - Volkswirtschaftliche Fakultät, … - 2004

europäische Geldpolitik in der näheren Zukunft ergeben. …

Persistent link: https://www.econbiz.de/10005649821

Information, Institutions and Banking Sector Development in West Africa

Demetriades, Panicos; Fielding, David - Department of Economics, Leicester University - 2009

alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks’ assets. Loan default rates in … the region are high, and variations in the rate impact on liquidity and asset growth. However, the size of this effect is … very sensitive to bank age. Some types of improvement in the quality of governance reduce excess liquidity and promote …

Persistent link: https://www.econbiz.de/10005422714

Unexpected Consequences of Ricardian Expectations

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2013

Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...

Persistent link: https://www.econbiz.de/10011210873

Unexpected Consequences of Ricardian Expectations - Erratum

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2013

This note identifies a severe mistake in my article “Unexpected Consequences of Ricardian Expectations” that appeard in this journal in the July 2013 issue.

Persistent link: https://www.econbiz.de/10011210881

Unexpected Consequences of Ricardian Expectations

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2012

Persistent link: https://www.econbiz.de/10011210888

A Case Where Barro Expectations Are Not Rational

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2012

This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily...

Persistent link: https://www.econbiz.de/10009493831

Are there Differences in the Effectiveness of Quantitative Easing in Japan over Time?

Michaelis, Henrike; Watzka, Sebastian - Volkswirtschaftliche Fakultät, … - 2014

changing effectiveness of the Bank of Japan's Quantitative Easing policies over time. We analyse the Zero-Interest Rate Policy …

Persistent link: https://www.econbiz.de/10011210876

Monetary Policy and the Exchange Rate During the Asian Crisis Identification Through Heteroscedasticity

Caporale, Guglielmo Maria; Cipollini, Andrea; … - Department of Economics, Leicester University - 2000

This paper examines whether a monetary policy tightening (i.e., an increase in the domestic interest rate) was successful in defending the exchange rate from speculative pressures during the Asian financial crisis. We estimate a bivariate VECM for four Asian countries, and improve upon existing...

Persistent link: https://www.econbiz.de/10005385055