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The expansion of intra-Asian trade: an analysis of structural patterns and determinants
Langhammer, Rolf J. - Institut für Weltwirtschaft (IfW) - 1997
The paper analyses sectoral patterns of intra-Asian trade for selected Asian countries as well as for sub … extra-Asian trade, almost all sample countries concentrate their intra-Asian exports more on non-manufactures. Within … manufactures, resource-intensive goods still play a larger role in intra-Asian trade than in trade outside Asia. This reflects both …
Persistent link: https://www.econbiz.de/10009276242
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EU Integration and its Implications for Asian Economies – What we Know and What Not
Langhammer, Rolf J.; Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 2006
trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent … are already highly integrated in terms of trade and factor mobility. The potential discrimination effect against trade … to Europe. At the same time, so-called overlap or similarity indices for trade patterns show an increasing similarity …
Persistent link: https://www.econbiz.de/10005755194
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International transmission of financial stress: evidence from a GVAR
Dovern, Jonas; Roye, Björn van - Institut für Weltwirtschaft (IfW) - 2013
We analyze the international transmission of financial stress and its effects on economic activity. We construct country specific monthly financial stress indexes (FSI) using dynamic factor models from 1970 until 2012 for 20 countries. We show that there is a strong co-movement of the FSI during...
Persistent link: https://www.econbiz.de/10010886840
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Does Short-Time Work Save Jobs? A Business Cycle Analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - Institut für Weltwirtschaft (IfW) - 2013
This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...
Persistent link: https://www.econbiz.de/10010886965
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On the (de)stabilizing effects of news shocks
Winkler, Roland; Wohltmann, Hans-Werner - Institut für Weltwirtschaft (IfW) - 2009
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility in any purely forward-looking model, such as the baseline New Keynesian model, the results are ambiguous when including a backward-looking component. In addition to these...
Persistent link: https://www.econbiz.de/10005017501
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Abnehmende Bedeutung der Lagerinvestitionen für den Konjunkturverlauf?
Döpke, Jörg; Langfeldt, Enno - Institut für Weltwirtschaft (IfW) - 1997
With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector …
Persistent link: https://www.econbiz.de/10009277724
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Stylized facts of Euroland's business cycle
Döpke, Jörg - Institut für Weltwirtschaft (IfW) - 1998
The paper presents some stylized facts of Euroland's business cycle using aggregated data. The main results are: The determination of turning points in Euroland's business cycle is not very sensitive to the detrending method used, although the level of the recent output gap depends on it....
Persistent link: https://www.econbiz.de/10009277738
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Measures of the Output Gap in the Euro-Zone: An Empirical Assessment of Selected Methods
Chagny, Odile; Döpke, Jörg - Institut für Weltwirtschaft (IfW) - 2001
The paper discusses some widely used methods for estimating output gaps based on aggregated data for the eurozone. Though these methods exhibit some common features, an empirical comparison demonstrates that the various techniques differ substantially. In particular, the correlation of output...
Persistent link: https://www.econbiz.de/10005076100
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Evaluating the performance of the search and matching model with sticky wages
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...
Persistent link: https://www.econbiz.de/10009021626
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A simple decomposition of the variance of output growth across countries
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel...
Persistent link: https://www.econbiz.de/10009132526