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Geographically weighted small area methods have been studied in literature for small area estimation. Although these approaches are useful for the estimation of small area means efficiently under strict parametric assumptions, they can be very sensitive to outliers in the data. In this paper, we...
Persistent link: https://www.econbiz.de/10011455039
This paper investigates the effect of quantitative easing (QE) and other unconventional monetary policies on inflation and wage expectations of UK manufacturing firms. To identify the effect of QE on firms' expectations, we use a novel approach of combining microeconometric data with...
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During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for employment and economic development. One reason for some of the contradictory evaluations of technology-intensive industries can be attributed to...
Persistent link: https://www.econbiz.de/10011621371
We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...
Persistent link: https://www.econbiz.de/10011712837
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Thirty years after the seminal work of Modigliani and Miller and countless articles the capital structure puzzle is for the most part unsolved. Especially, in this field of research there is a considerable lack of empirical evidence. Using firm level data from seven European countries, this...
Persistent link: https://www.econbiz.de/10013428155
Minimum wages generate an asymmetric pass-through of rm shocks across workers. We establish this result leveraging employer-employee data on Italian metalmanufacturing rms, which face di erent wage oors that vary within occupations. In response to negative rm productivity shocks, workers close...
Persistent link: https://www.econbiz.de/10014518663
Deutschland immer noch geteilt ist, hinsichtlich der Perspektive von Unternehmen auf die AfD mit "Ja, aber deutlich weniger … Unternehmensbefragung im IW-Zukunftspanel eine geringere Risikobewertung des AfD-Erstarkens durch ostdeutsche Unternehmen als durch … westdeutsche. Dennoch verbinden lediglich maximal knapp über 13 Prozent der Unternehmen mit der AfD in ökonomischen Fragestellungen …
Persistent link: https://www.econbiz.de/10015048250