Showing 1 - 10 of 2,376
policy was more independent of Germany. …
Persistent link: https://www.econbiz.de/10010262211
This paper investigates one of the most important financial issues arising from a secession or a country partitioning namely the sharing of the national public debt. Extending Dr?ze's distributive neutrality condition, we use the generational accounting technique and propose a dynamic...
Persistent link: https://www.econbiz.de/10010261790
height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results …
Persistent link: https://www.econbiz.de/10010282239
This paper has two aims. First, it provides simple theoretical models that highlight two channels whereby monetary shocks have permanent real effects and the interactions between these channels. Second, it presents an empirical dynamic model, covering a panel of EU countries, and derives the...
Persistent link: https://www.econbiz.de/10010265404
dependent data and allowing for first-step estimation of the propensity score. …
Persistent link: https://www.econbiz.de/10010270625
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10010287628
estimates of the productivity premium of German firms exporting to the Euro-zone and beyond, controlling for unobserved time … invariant firm specific effects, and tests for self-selection of more productive firms into exporting beyond the Euro-zone. (3 … share of outliers. Using a clean sample without outliers the estimated productivity premium of firms that export to the Euro-zone …
Persistent link: https://www.econbiz.de/10010269790
Germany faces a demographic aging process which affects the working-age population first. This paper surveys some …
Persistent link: https://www.econbiz.de/10010262234
of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite … that Germany would have been better off, had it immediately opened its labor market. Finally, the Great recession allows us …
Persistent link: https://www.econbiz.de/10010291411
In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
Persistent link: https://www.econbiz.de/10010262550