Showing 1 - 10 of 412
convergence of adjustment speed on the fastest levels. …
Persistent link: https://www.econbiz.de/10013428476
Nonresponse in surveys may result in a distortion of the distribution of interest. In a panel survey the participation behavior in later waves is different from the participation behavior at the start. With register data that cover also the information for non-respondents one can observe a fade...
Persistent link: https://www.econbiz.de/10011312698
It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O'Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...
Persistent link: https://www.econbiz.de/10013428356
Adaptation is omnipresent but people systematically fail to correctly anticipate the degree to which they adapt. This leads individuals to make inefficient intertemporal decisions. This paper concerns optimal income taxation to correct for such anticipation-biases in a framework where consumers...
Persistent link: https://www.econbiz.de/10009559801
Persistent link: https://www.econbiz.de/10010464969
, empirical studies using industry-level data find no significant effect of FTCs on employment adjustment. This paper investigates …-Establishment Panel for West Germany in 1996-2000. Using a GMM estimator and comparing the estimated adjustment of total employment to the … adjustment of permanent contract employment some evidence is found that FTCs raise firms' adjustment-speed. …
Persistent link: https://www.econbiz.de/10013428438
Persistent link: https://www.econbiz.de/10000862538
Persistent link: https://www.econbiz.de/10009746317
Persistent link: https://www.econbiz.de/10009671391
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256