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This paper examines the role of sovereign default beliefs for macroeconomic fluctuations and stabilization policy in a small open economy where fiscal solvency is a critical problem. We set up and estimate a DSGE model on Turkish data and show that accounting for sovereign risk significantly...
Persistent link: https://www.econbiz.de/10012607430
In this study, we set up a DSGE model with upward looking consumption comparison and show that consumption externalities are an important driver of consumer credit dynamics. Our model economy is populated by two different household types. Investors, who hold the economy's capital stock, own the...
Persistent link: https://www.econbiz.de/10012041964
This paper presents a revised version of the DIW Economic Barometer, the business cycle index of the German Institute for Economic Research (DIW Berlin). As in earlier versions, we put forward a factor model on a monthly frequency to filter the latent state of the aggregate economy. In the new...
Persistent link: https://www.econbiz.de/10010417490
Paid parental leave schemes have been shown to increase women's employment rates but decrease their wages in case of …
Persistent link: https://www.econbiz.de/10012155784
policies and higher wages than the periphery without inducing a relocation of firms. The scope to have higher wage is …
Persistent link: https://www.econbiz.de/10011438609
the residual variance of wages by one standard deviation implies a reduction of the financial portfolio share by 3 …
Persistent link: https://www.econbiz.de/10012623685
. Ignoring these selection effects can lead to biased expectations about the consequences of working part-time on wages … differences between full-time and part-time workers also predict large changes in hourly wages when a given worker switches …
Persistent link: https://www.econbiz.de/10013493940
wages and the labor market success of two kinds of entrepreneurial women in Germany - self-employed and salaried … salaried businesswomen went into self-employment, they would receive considerably higher wages and for at least 30 years …. However, if self-employed businesswomen went into salaried jobs, their wages would decline, suggesting that it is the self …
Persistent link: https://www.econbiz.de/10003776591
' wages only. Findings for personality traits are more heterogeneous. There however is a robust wage penalty for an external … ; reciprocity ; wages …
Persistent link: https://www.econbiz.de/10003779655
Persistent link: https://www.econbiz.de/10003577714