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We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese monetary policy is that there are significant differences...
Persistent link: https://www.econbiz.de/10012472722
promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France …, Germany, and Italian participating firms, I first document that these companies claimed between 5 and 10% yearly productivity … increase thanks to the program. The fact that European businesses were not forced to adopt the American management model, but …
Persistent link: https://www.econbiz.de/10014447280
By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...
Persistent link: https://www.econbiz.de/10012463770
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … finding, and job filling within each country. This robust set of facts guides and disciplines the development of a theory of …
Persistent link: https://www.econbiz.de/10012660077
a month. A theory-driven two-factor model featuring the green factor explains much of the recent underperformance of …
Persistent link: https://www.econbiz.de/10012585424
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
.S transit agencies with transit agencies in Germany and the United Kingdom. We study U.S urban public sector energy efficiency …
Persistent link: https://www.econbiz.de/10013190994
This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...
Persistent link: https://www.econbiz.de/10013191073
2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections …Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly … 2020 and 2060, while Germany will experience a decline by 10.7 percent (4.4 million workers). In these baseline projections …
Persistent link: https://www.econbiz.de/10012794562