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Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2006

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Persistent link: https://www.econbiz.de/10011604681

The cyclicality of effective wages within employer-employee matches: evidence from German panel data

Anger, Silke - 2007

workers who received overtime payments. The procyclicality of earnings revealed for Germany is of comparable size with the one …

Persistent link: https://www.econbiz.de/10011604829

What do asset prices have to say about risk appetite and uncertainty?

Bekaert, Geert; Hoerova, Marie; Scheicher, Martin - 2009

this methodology to monthly data from both Germany and the US. We find that implied volatilities contain a substantial …

Persistent link: https://www.econbiz.de/10011605083

Predicting recession probabilities with financial variables over multiple horizons

Fornari, Fabio; Lemke, Wolfgang - 2010

We forecast recession probabilities for the United States, Germany and Japan. The predictions are based on the widely … reached for the United States, the ProbVAR forecasts are slightly worse for Germany, but considerably inferior for Japan. …

Persistent link: https://www.econbiz.de/10011605301