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Germany in various dimensions. Section 3 deals with problems arising when one attempts to answer the question of how many … presented. Some examples of empirical studies for Germany are presented in order to illustrate the argument. The most important …
Persistent link: https://www.econbiz.de/10009667614
first evidence for Germany. In particular, cross-sectional data from the German Socio-Economic Panel (SOEP) are used, which …
Persistent link: https://www.econbiz.de/10003400060
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
) analysis. Such restrictions are typically just-identifying but can be checked by utilizing changes in volatility. This paper … reviews and contrasts the volatility models that have been used for this purpose. Three main approaches have been used …, exogenously generated changes in the unconditional residual covariance matrix, changing volatility modelled by a Markov switching …
Persistent link: https://www.econbiz.de/10010233991
unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage … existence of an East German wage curve. Due to the nonstationarity of spatial data, a global panel cointegration approach is …. The analysis gives evidence on a locally but not a spatially cointegrated wage curve for East Germany. …
Persistent link: https://www.econbiz.de/10011672933
This paper studies the association between a country's level of financial development and firms' employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low...
Persistent link: https://www.econbiz.de/10010361348
The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...
Persistent link: https://www.econbiz.de/10011437433
-periods. -- Structural exchange rate models ; cointegration ; structural breaks ; switching regression ; time-varying coefficient approach …
Persistent link: https://www.econbiz.de/10003898577
konzentriert sich erstmals auf die Bundesrepublik Deutschland, deren Immobilienmarkt von einer moderaten Preisentwicklung … Autoregressiven Distributed Lag (ARDL)-Ansatzes werden Tests auf Kointegration der genannten Variablen durchgeführt. Nach Schätzungen … ; Kreditvolumen ; Kointegration …
Persistent link: https://www.econbiz.de/10003904552
Using a firm-level panel data set I assess whether dynamic models of in- vestment provide an empirically fruitful framework for analyzing tax effects on changes in capital stock. In particular I estimate a one-step error correction model (ECM) complementing the usual estimation of a distributed...
Persistent link: https://www.econbiz.de/10003883175