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Fiscal Adjustment and Business Cycle Synchronization
Agnello, Luca; Caporale, Guglielmo Maria; Sousa, Ricardo M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
Using a panel of annual data for 20 countries we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked, especially in the case of fiscal adjustments lasting 2 or 3 years. We also find: (i) little evidence of...
Persistent link: https://www.econbiz.de/10010720127
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Fiscal Spillovers in the Euro Area
Caporale, Guglielmo Maria; Girardi, Alessandro - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period...
Persistent link: https://www.econbiz.de/10009325377
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Race to the Debt Trap?: Spatial Econometric Evidence on Debt in German Municipalities
Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...
Persistent link: https://www.econbiz.de/10011118569
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The Partisan Effects of Voter Turnout: How Conservatives Profit from Rainy Election Days
Arnold, Felix; Freier, Ronny - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
In this short note, we use data from different elections in the German state of North-Rhine Westphalia between 1975 and 2010 to show that the social democrats generally profit from higher voter turnout at the expense of the conservatives. We deal with the endogeneity of voter turnout by using...
Persistent link: https://www.econbiz.de/10011212799
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An Economic Assessment of Soil Carbon Sequestration with Biochar in Germany
Teichmann, Isabel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
climate change. When deployed in agricultural soils in Germany, it has been found by Teichmann (2014a, b) that slowpyrolysis …
Persistent link: https://www.econbiz.de/10011269014
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How You Ask Is What You Get: Willingness-to-Pay for a QALY in Germany
Ahlert, Marlies; Breyer, Friedrich; Schwettmann, Lars - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
We report results of a survey of a representative sample of the German population in which respondents were asked for their willingness-to-pay (WTP) for either an extension of their life or an improvement in their health corresponding to a gain of one quality-adjusted life year (QALY). While one...
Persistent link: https://www.econbiz.de/10011266594
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Lifetime Earnings Inequality in Germany
Bönke, Timm; Corneo, Giacomo; Lüthen, Holger - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper documents the magnitude, pattern, and evolution of lifetime earnings inequality in Germany. Based on a large …
Persistent link: https://www.econbiz.de/10009327816
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Who Starts a Business and Who Is Self-Employed in Germany
Fritsch, Michael; Kritikos, Alexander S.; Rusakova, Alina - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
entrepreneurship in Germany between 1991 and 2010, the first two decades after reunification. We investigate the socioeconomic … increase in self-employment in Germany by 40 percent which can partly be attributed to the transformation process of East … Germany and to the shift to the service sector. We notice a yearly start-up rate of 1 percent among the working population …
Persistent link: https://www.econbiz.de/10009422061
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Long Memory in German Energy Price Indices
Barros, Carlos P.; Caporale, Guglielmo Maria; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
This study examines the long-memory properties of German energy price indices (specifically, import and export prices, as well as producer and consumer prices) for hard coal, lignite, mineral oil and natural gas adopting a fractional integration modelling framework. The analysis is undertaken...
Persistent link: https://www.econbiz.de/10009646237
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Labor Supply and Child Care Choices in a Rationed Child Care Market
Wrohlich, Katharina - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
Germany, where subsidized child care is rationed and private child care is only available at considerably higher cost. I use a …
Persistent link: https://www.econbiz.de/10009360170