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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
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Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012099559
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Following Germany's lead : using international monetary linkages to identify the effect of monetary policy on the economy
Di Giovanni, Julian (contributor);  … - 2005
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10002630639
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Do changes in regulation affect temporary agency workers' job satisfaction?
Busk, Henna; Jahn, Elke J.; Singer, Christine - 2015
This paper evaluates the impact on temporary agency workers' job satisfaction of a reform that considerably changed regulations covering the temporary help service sector in Germany. We isolate the causal effect of this reform by combining a difference-in-difference and matching approach and...
Persistent link: https://www.econbiz.de/10010498616
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Pareto-improving structural reforms
Saint-Paul, Gilles - 2018
elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …
Persistent link: https://www.econbiz.de/10011951457
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Entry barriers and the labor market outcomes of incumbent workers : evidence from a deregulation reform in the German crafts sector
Lergetporer, Philipp; Ruhose, Jens; Simon, Lisa - 2018
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10011916534
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Bubble economics and structural change : the cases of Spain and France compared
Agnese, Pablo; Hromcová, Jana - 2015
This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...
Persistent link: https://www.econbiz.de/10010502798
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012160984
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Labour and product market reforms : a case for policy complementarity
Amable, Bruno (contributor); Gatti, Donatella (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002115431
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Product markets and paychecks : deregulation's effect on the compensation structure in banking
Wozniak, Abigail K. (contributor) - 2006
This paper asks how deregulation intended to promote competition in the commercial banking industry affected the … over time to identify the effects of deregulation. Banking deregulation had no effect on compensation levels or inequality …, between-establishment inequality increased dramatically. Deregulation also led to increases in inequality among managers …
Persistent link: https://www.econbiz.de/10003278941