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The Impact of FDI on Innovation in Target Firms
Stiebale, Joel; Reize, Frank - 2008
share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …
Persistent link: https://www.econbiz.de/10010264721
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Current Account Balances and Structural Adjustment in the Euro Area
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew when times normalize again and Germany still sticks to...
Persistent link: https://www.econbiz.de/10010269989
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How Stable Are Monetary Models of the Dollar-Euro Exchange Rate? - A Time-varying Coefficient Approach
Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2009
This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10010265822
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(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis
Belke, Ansgar; Klose, Jens - 2010
We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...
Persistent link: https://www.econbiz.de/10010269998
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Explaining ECB and Fed interest rate correlation: Economic interdependence and optimal monetary policy
Mandler, Martin - 2010
This paper studies whether the observed high correlation between monetary policy in the U.S. and the Euro area can be explained by economic fundamentals, i.e. by macroeconomic interdependence between the two regions. We show that an optimal monetary policy reaction function for the ECB that...
Persistent link: https://www.econbiz.de/10010286383
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The Hazard of Merger by Absorption – Why Some Knappschaften Merged and Others Did not: 1861–1920
Jopp, Tobias Alexander - 2011
quantitative evidence from a regression model, provides new insights into the first social-insurance merger wave in Germany. While …
Persistent link: https://www.econbiz.de/10010285469
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Determinants of Avoidable Deaths from Ischaemic Heart Diseases in East and West Germany
Schwierz, Christoph; Wübker, Ansgar - 2009
The objective of this paper is to identify selected forces of the decrease in the number of avoidable deaths from ischaemic heart diseases (IHD) inWest and East Germany from 1996 to 2004. Our main result reveals that the number of intracardiac catheter facilities,which are an important...
Persistent link: https://www.econbiz.de/10010265790
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The Regional Economic Effects of Military Base Realignments and Closures in Germany
Paloyo, Alfredo R.; Vance, Colin; Vorell, Matthias - 2010
Within the context of the current political discussion over base realignments and closures (BRACs) in Germany, this study provides policy guidance by examining the economic consequences to the surrounding community. We identify the causal effect of a reduction in military personnel on a number...
Persistent link: https://www.econbiz.de/10010269995
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Consolidations in the German interurban bus industry: Effects on prices and quantities
De Haas, Samuel; Schäfer, Jan Thomas - 2017
We study effects on prices and quantities of a takeover in the rather concentrated German interurban bus industry. We … empirically asses the effect of the takeover of Postbus by Flixbus on industry key features, using a route-level price data set … prices significantly increase and quantities decrease in the post-takeover phase. However, these results are mainly driven by …
Persistent link: https://www.econbiz.de/10011787823
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National Champion Versus Foreign Takeover
Südekum, Jens - 2008
firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by the … national government whose objective function may include a bias against the foreign takeover. That bias endogenously results … qualitatively different effect. The foreign takeover would then only emerge in an intermediate range of trade costs. Once trade …
Persistent link: https://www.econbiz.de/10010264736