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Extensive vs. Intensive Margin in Germany and the United States : Any Differences?

Merkl, Christian - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10013139060

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

Merkl, Christian; Sauerbier, Timo - 2022

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

Persistent link: https://www.econbiz.de/10014241882

Banks' regulatory buffers, liquidity networks and monetary policy transmission

Merkl, Christian (contributor); … - 2006

Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...

Persistent link: https://www.econbiz.de/10003366045

Hartz IV and the Decline of German Unemployment : A Macroeconomic Evaluation

Hochmuth, Brigitte - 2019

This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012870220