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Employment, hours and optimal monetary policy
Dossche, Maarten; Lewis, Vivien; Poilly, Céline - 2015
We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient...
Persistent link: https://www.econbiz.de/10010471629
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Does expenditure composition influence the debt level? : evidence from German federal states
Stegarescu, Dan - 2013
Despite strongly equalized per capita revenue and similar budgetary institutions, fiscal performance is increasingly diverging across German federal states. Given that state and local governments are endowed with expenditure autonomy, this paper investigates whether the composition of...
Persistent link: https://www.econbiz.de/10010225574
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Konsolidierung der Staatsfinanzen
Steiner, Viktor - 2010
Die Konsolidierung der Staatsfinanzen nach der gegenwärtigen Finanz- und Wirtschaftskrise wird eines der zentralen wirtschaftspolitischen Themen der nächsten Jahre sein: Die Regelungen zur "Schuldenbremse" sehen für den Bundeshaushalt bis 2016 einen annähernd ausgeglichenen Haushalt vor, und...
Persistent link: https://www.econbiz.de/10003962932
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Does Wagner’s law ruin the sustainability of German public finances?
Priesmeier, Christoph; Koester, Gerrit B. - 2012
and GDP. For Germany, we find strong evidence for Wagner’s law throughout the whole period analyzed (1960-2007), while our … Wagner’s law that ruins the sustainability of public finances in Germany. Our findings underline the importance of the German …
Persistent link: https://www.econbiz.de/10009528897
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Bracket creep revisited - with and without r>g : evidence from Germany
Zhu, Junyi - 2015
solely to Germany. Additionally, when we introduce the empirical evidence that capital income grows faster than non …
Persistent link: https://www.econbiz.de/10011381623
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Estimating dynamic tax revenue elasticities for Germany
Koester, Gerrit B.; Priesmeier, Christoph - 2012
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
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Tax incentives and capital structure choice : evidence from Germany
Hartmann-Wendels, Thomas; Stein, Ingrid; Stöter, Alwin - 2012
This paper provides new evidence that taxes affect capital structure choice, using a unique and comprehensive panel data set which covers 86,173 German non-financial firms over the years 1973–2008. Following the Graham methodology to simulate marginal tax rates, we find a statistically and...
Persistent link: https://www.econbiz.de/10009625689
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Taxing banks : an evaluation of the German bank levy
Buch, Claudia M.; Hilberg, Björn; Tonzer, Lena - 2014
Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops, seek to reduce these costs. Bank levies attempt to...
Persistent link: https://www.econbiz.de/10010459282
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Solving RE models with discontinuous policy rules : an application to minimum wage setting in Germany
Bursian, Dirk - 2016
The legal regulations require the minimum wage in Germany to be adjusted biennially which gives rise to a policy … minimum wage setting in Germany, the paper illustrates how such models can be solved using the method of undetermined …
Persistent link: https://www.econbiz.de/10011538716
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The PHF: a comprehensive panel survey on household finances and wealth in Germany
Kalckreuth, Ulf von; Eisele, Martin; Le Blanc, Julia; … - 2012
The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by … households in Germany. Wealthy households are oversampled using micro-geographic indicators. The survey is designed to be a full … self-contained and comprehensive survey on household finances in Germany, the PHF is part of the Household Finance and …
Persistent link: https://www.econbiz.de/10009563509