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This paper studies the economic and political effects of a large trade shock in agriculture – the grain invasion from the Americas – in Prussia during the first globalization (1871-1913). We show that this shock accelerated the structural change in the Prussian economy through migration of...
Persistent link: https://www.econbiz.de/10012648044
We analyze the effect of the increase in trade exposure induced by the rise of China and the transformation of Eastern …
Persistent link: https://www.econbiz.de/10012034137
Using rich linked employer-employee data for (West) Germany between 1996 and 2014, we analyze the most important … the sources of the recent slowdown in German wage inequality and compare the results for West Germany to the ones for East … Germany. We disentangle the relative contribution of each single variable to the rise in wage dispersion using recentered …
Persistent link: https://www.econbiz.de/10011930728
We analyze the dramatic decline of the employment share of unskilled labor in the West German economy, in particular its relation to the relatively rigid earnings structure. We find that the substitution elasticity between unskilled and skilled labor is rather low in most sectors of the economy....
Persistent link: https://www.econbiz.de/10013428158
At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are … revisited in this study: skilled-biased technological progress, the increasing international integration of labor and product … markets, and the monetary integration of the EMU. While there is now a fairly broad consensus on the basic facts about the …
Persistent link: https://www.econbiz.de/10013428272
We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the … present-value multipliers for distinct fiscal instruments, and to assess how discretionary fiscal policy in Germany and the …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe …
Persistent link: https://www.econbiz.de/10010516561
. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter. …
Persistent link: https://www.econbiz.de/10011316580
We analyse tax revenue elasticities by applying dynamic models to a new disaggregated dataset for Germany, which is …
Persistent link: https://www.econbiz.de/10009625561
simulating legislative definitions of capital income prevailing in Germany between 2001 and 2010. For both simulation and the …
Persistent link: https://www.econbiz.de/10010429894
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