This paper deals with the effects to labour market institutions on labour market performance. We analyse the employment threshold (the minimum growth rate necessaryto keep employment constant) which is an indicator for the labour intensity of production. We show for 17 OECD countries for the...

This paper analyzes empirically the effects of innovation on employment at the firm levelusing a uniquely long panel dataset of German manufacturing firms. The overall effect ofinnovations on employment often remains unclear in theoretical contributions due to reverseeffects. We distinguish...

This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking firm in which banks decide on their loan supply in the light of expectations about the future course of monetary policy. Applying a VAR model, we estimate the response of bank...

This paper evaluates short-term forecasts of real GDP in the Euro area derived from the CESifo Economic Climate indicator (WES) in terms of forecast accuracy. We compare the forecast properties of the WES with those of monthly composite indicators. Considering the WES is interesting because (i)...