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Mpc Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …
Persistent link: https://www.econbiz.de/10012910644
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Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany
Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021
This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …
Persistent link: https://www.econbiz.de/10013222219
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German and American Wage and Price Dynamics : Differences and Common Thenes
Franz, Wolfgang; Gordon, Robert J. - 2021
The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …
Persistent link: https://www.econbiz.de/10013237265
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The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations
Franz, Wolfgang - 2021
This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …
Persistent link: https://www.econbiz.de/10013249173
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The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests
Franz, Wolfgang - 2021
This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …
Persistent link: https://www.econbiz.de/10013249255
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The Employment and Output Effects of Short-Time Work in Germany
Cooper, Russell - 2017
We study the employment and output effects of the short-time work (STW) policy in Germany between 2009 and 2010. This … the allocative efficiency of the labor market, resulting in significant output losses. These effects arise from a …
Persistent link: https://www.econbiz.de/10012949428
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Deposit Insurance Without Commitment : Wall St. Versus Main St
Cooper, Russell - 2011
This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But the ex post provision of deposit insurance redistributes consumption when...
Persistent link: https://www.econbiz.de/10013130779
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Macroeconomic Implications of Production Bunching
Cooper, Russell - 2010
The literature on inventory holdings stresses their role in smoothing production when costs are convex. Existing empirical evidence suggests that output is more variable than consumption so that production smoothing is not apparently present. One way of explaining this finding is to allow for...
Persistent link: https://www.econbiz.de/10013139036
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Debt Fragility and Bailouts
Cooper, Russell - 2012
This paper studies debt fragility and the sharing of the resulting strategic uncertainty through ex post bailouts. Default arises in equilibrium because of both fundamental shocks and beliefs. The probability of default depends on borrowing rates and, in equilibrium, on the beliefs of lenders...
Persistent link: https://www.econbiz.de/10013100683
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Capital Reallocation and Aggregate Productivity
Cooper, Russell - 2013
This paper studies the interaction between capital reallocation and business cycles. Capital reallocation is pro-cyclical and leads to variations in measured aggregate productivity. Using a simulated method of moments approach, different sources of aggregate fluctuations are studied to assess...
Persistent link: https://www.econbiz.de/10013071893