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Exploring the role of uncertainty for corporate investment decisions in Germany

Kalckreuth, Ulf von - 2000

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … roughly 75% of the total turnover of the west German manufacturing sector. The sample used for estimation contains 6,745 firms …

Persistent link: https://www.econbiz.de/10011418846

Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values

Behr, Andreas; Bellgardt, Egon - 2002

statistics. The panel data set contains some 2,300 German firms' balance sheet data covering the years 1988-1998. While the Q-theory … panel data by Gilchrist and Himmelberg (1995, 1998) enables the Q-theory to be applied to non-quoted firms which are by far … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment …

Persistent link: https://www.econbiz.de/10011431772

Factor-MIDAS for now- and forecasting with ragged-edge data : a model comparison for German GDP

Marcellino, Massimiliano (contributor); … - 2007

combinations of factor estimation methods and Factor-MIDAS projections with respect to nowcast performance. Additionally, we …. Our empirical findings show that the factor estimation methods don't differ much with respect to nowcasting accuracy …

Persistent link: https://www.econbiz.de/10003634929

Short-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italiy

Knetsch, Thomas A. (contributor) - 2005

The paper presents empirical work on short-run and long-run comovement between the German, French and Italian aggregates of private consumption, business investment, exports, imports, GDP, and changes in inventories. In country-specific data sets, cointegration analyses are carried out both to...

Persistent link: https://www.econbiz.de/10003227087

Capital, labour and productivity : what role do they play in the potential GPD weakness of France, Germany and Italy?

Bassanetti, Antonio; Döpke, Jörg; Torrini, Roberto; … - 2006

The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non-parametric approach to estimate potential GDP. The analysis reveals marked heterogeneity among the three countries with regard to the contribution made by labour input. Where similarities can...

Persistent link: https://www.econbiz.de/10003304964

Finance and growth in a bank-based economy : is it quantity or quality that matters?

Koetter, Michael (contributor); Wedow, Michael (contributor) - 2006

With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...

Persistent link: https://www.econbiz.de/10003315450

How useful is the carry-over effect for short-term economic forecasting?

Tödter, Karl-Heinz - 2010

The carry-over effect is the advance contribution of the old year to growth in the new year. Among practitioners the informative content of the carry-over effect for short-term forecasting is undisputed and is used routinely in economic forecasting. In this paper, the carry-over effect is...

Persistent link: https://www.econbiz.de/10008697431

The stock return-inflation puzzle and the asymmetric causality in stock returns, inflation and real activity

Kurz-Kim, Jeong-Ryeol - 2003

In this paper, we use a modified concept of Granger-(non)causality in reconsidering the negative correlation between stock returns and inflation known in the literature as stock return-inflation puzzle. Based on the quarterly data for Germany including stock returns, inflation rates and growth...

Persistent link: https://www.econbiz.de/10011431989

Measuring business sector concentration by an infection model

Düllmann, Klaus (contributor) - 2006

Results from portfolio models for credit risk tell us that loan concentration in certain industry sectors can substantially increase the value-at-risk (VaR). The purpose of this paper is to analyze whether a tractable infection modelʺ can provide a meaningful estimate of the impact of...

Persistent link: https://www.econbiz.de/10003326735

The coordination channel of foreign exchange intervention : a nonlinear microstructural analysis

Reitz, Stefan (contributor); Taylor, Markt P. (contributor) - 2006

The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...

Persistent link: https://www.econbiz.de/10003304957

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