Showing 1 - 10 of 1,082
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has...
Persistent link: https://www.econbiz.de/10012590362
Using the exogenous shock of the COVID-19 pandemic, we study how informed market participants evaluate fiscal space. Short-selling activity shifted upon the onset of the pandemic towards companies with low financial flexibility only in countries with limited fiscal space. Among these companies,...
Persistent link: https://www.econbiz.de/10012617519
An economy's ability to resist adverse shocks, such as an economic recession or natural disaster, is associated with its financial system structure due to different countercyclical funding capabilities. This paper uses a novel database of bank headquarter locations in a cross-country comparison...
Persistent link: https://www.econbiz.de/10012793620
restriction measures and local unemployment rates on inflation expectations. We find that consumers who were locally more exposed … expectations is ampli ed if respondents live in high unemployment regions. We explain our findings through an information and … associated with higher in ation expectations and more pessimistic views with regard to unemployment, interest rates, house prices …
Persistent link: https://www.econbiz.de/10014227597
. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the …. In contrast to other studies on Poland, we show that it can make a difference to the estimates whether current ALMP … gives some tentative support to the view that public training programmes can be used to reduce unemployment. …
Persistent link: https://www.econbiz.de/10013428265
in Poland. The analysis is based on retrospective monthly calendar information on the labour force state and active …: intervention works prolong unemployment for both genders as do public works for men. The number of observations on women in public …
Persistent link: https://www.econbiz.de/10014460011
This paper examines the effect of national government response measures to Covid-19 on German international capital flows. Analyzing highly disaggregated monthly data from the German balance of payments statistics over the period from January 2019 through January 2021, we find that bilateral...
Persistent link: https://www.econbiz.de/10012518102
The principal justification for minimum wage legislation resides in improving the economic condition of low-wage workers. Most previous analyses of the distributional effects of minimum wages have been confined to simulation exercises employing rather restrictive assumptions that guarantee the...
Persistent link: https://www.econbiz.de/10013428180
Persistent link: https://www.econbiz.de/10012581771
Has the COVID-19 pandemic affected pro-sociality among individuals? After the onset of the pandemic, many charitable appeals were updated to include a reference to COVID-19. Did donors increase their giving in response to such changes? In order to answer these questions, we conducted a...
Persistent link: https://www.econbiz.de/10012624801