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Productivity and the product scope of multi-product firms : a test of Feenstra-Ma

Raff, Horst; Wagner, Joachim - 2012 - This version: December 7, 2012

firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …

Persistent link: https://www.econbiz.de/10009672241

Temporary VAT reduction during the lockdown

Clemens, Marius; Röger, Werner - 2021 - This (updated) version: May 2022

This paper evaluates the temporary VAT reduction introduced by the German government over the 3Q2020:4Q2020 as a controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through to consumer prices and during lockdown....

Persistent link: https://www.econbiz.de/10013198950

When does it hurt? : the exchange rate "pain threshold" for German exports

Belke, Ansgar; Goecke, Matthias; Günther, Martin - 2009

This paper deals with the impact of the $/¿ exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our main aim is to identify "pain thresholds" for German exporters. We rely on a non-linear model according to which suddenly strong spurts of exports occur when changes of the EXR...

Persistent link: https://www.econbiz.de/10003891080

How stable are monetary models of the Dollar-Euro exchange rate? : a time-varying coefficient approach

Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2009

This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....

Persistent link: https://www.econbiz.de/10003898577

The forward premium puzzle and latent factors day by day

Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2010

We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...

Persistent link: https://www.econbiz.de/10003949496

The term structure of redenomination risk

Bayer, Christian; Kim, Chi Hyun; Kriwoluzky, Alexander - 2018

This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for French, German, and Italian bonds that can be redenominated and for bonds that cannot. Then, we extract the compensation for redenomination risk from the yield spreads between...

Persistent link: https://www.econbiz.de/10011865446

Share of exports to low-income countries, productivity, and innovation : a replication study with firm-level data from six European countries

Wagner, Joachim - 2015 - This version: July 21, 2015

manufacturing firms. First, there is a negative correlation between firms' productivity and their export share to low … found between the share of exports to lowincome countries and either productivity or R&D intensity is never in line with the …

Persistent link: https://www.econbiz.de/10011298736

Low-productive exporters are high-quality exporters : evidence from Germany

Wagner, Joachim - 2014 - This version: February 6, 2014

-exporters. However, many firms from the lower end of the productivity distribution are exporters. Germany is a case in point. A recent … study reports that these low-productivity exporters are not marginal exporters defined according to the share of exports in … exports is much higher among exporters from the lower end of the productivity distribution than among highly productive …

Persistent link: https://www.econbiz.de/10010239335

Broadband and productivity : structural estimates for Germany

Duso, Tomaso; Nardotto, Mattia; Schiersch, Alexander - 2021

We study the impact of broadband availability on firms’ total factor productivity (TFP) using German firm-level data … between 2010 and 2015. We adopt a control function approach to causally identify and separately estimate productivity for 46 … firms’ productivity in manufacturing, it significantly increases TFP in most service sectors. Yet, the size of the effect is …

Persistent link: https://www.econbiz.de/10012793222

The cross-section of output and inflation in a dynamic stochastic general equilibrium model with sticky prices

Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2009

output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability … of output and inflation depend crucially on the proportion of firms that are allowed to change their prices. We test this …-cyclical correlation between the skewness of inflation and aggregates, but the relation with output is less sure. Our results can be …

Persistent link: https://www.econbiz.de/10003844356