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Job creation in tight and slack labor markets

Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019

Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...

Persistent link: https://www.econbiz.de/10012033285

EU regional policy : its theoretical foundations and their policy conclusions revisited

Schmidt, Peter - 2014 - Draft

This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...

Persistent link: https://www.econbiz.de/10011487099

Fiscal multipliers over the business cycle

Michaillat, Pascal - 2012

Persistent link: https://www.econbiz.de/10009426268

Expectations formation, sticky prices, and the ZLB

Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019

At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...

Persistent link: https://www.econbiz.de/10012101259

The multiplier effect in two-sided markets with bilateral investments

Dizdar, Deniz; Moldovanu, Benny; Szech, Nora - 2017

properties of the equilibrium investment behavior. The bilateral external benefits induce an investment multiplier effect. This … multiplier effect depends in a complex way on agents' uncertainty about their rank within their own market side and on their … uncertainty about the types and investments of potential partners. We study how the multiplier effect depends on market size and …

Persistent link: https://www.econbiz.de/10011758059

Quantitative spatial economics

Redding, Stephen; Rossi-Hansberg, Esteban - 2016

Persistent link: https://www.econbiz.de/10011557135

Estimation of a weights matrix for determining spatial effects

Lima, Elcyon Caiado Rocha; Macedo, Paulo Brígido Rocha - 2015

Spatial dependence results from the existence of spillover effects such as the impact of the price of one housing unit on the price of its adjacent neighbors. One way to account for spatial dependence is to specify spatial lag models in which a spatially lagged variable is assumed to play a role...

Persistent link: https://www.econbiz.de/10011998403

Export induced spatial divergence

Casper, Jonas; Li, Lei; Luo, Jinfeng - 2023 - This version: October 2023

How does export liberalization affect firm location choice and the spatial concentration of economic activity? We address these questions using the geo-coordinates of Chinese manufacturing firms and find that export widens inter-city and intra-city spatial disparities by reinforcing initially...

Persistent link: https://www.econbiz.de/10014495900

Effects of monetary and fiscal policy interactions on regional employment : evidence from Japan

Miyazaki, Tomomi; Kondoh, Haruo - 2022

Persistent link: https://www.econbiz.de/10013264955

Trade and geography

Redding, Stephen - 2020

Persistent link: https://www.econbiz.de/10012486574

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