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From Russia with Love : The Impact of Relocated Firms on Incumbent Survival
Falck, Oliver - 2010
Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent … expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non …
Persistent link: https://www.econbiz.de/10012462515
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From Socialist Showcase to Mezzogiorno? Lessons on the Role of Technical Change from East Germany's Post-World War II Growth Performance
Keller, Wolfgang - 1997
explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was … prospects of catching up with West Germany during the post-reunification era. We show, first, that the rates of technical change … account for the fact that East Germany was not the socialist showcase for which it was frequently taken before German …
Persistent link: https://www.econbiz.de/10012472735
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International Implications of German Unification
Sinn, Hans-Werner - 1996
This paper advances the hypothesis that the EUS crisis was caused by German unification. The unification has implied a massive resource demand which parallels the US resource demand following Reagan's tax reforms in the eighties. The resource demand revised the German interest rates relative to...
Persistent link: https://www.econbiz.de/10012472989
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The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets
Favero, Carlo A. - 1999
implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …
Persistent link: https://www.econbiz.de/10012471558
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Hysteresis and the European Unemployment Problem
Blanchard, Olivier J. - 1986
Persistent link: https://www.econbiz.de/10012477122
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Pricing to Market when the Exchange Rate Changes
Krugman, Paul - 1986
It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...
Persistent link: https://www.econbiz.de/10012477148
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Estimates of the Value of Patent Rights in European Countries During thePost-1950 Period
Schankerman, Mark - 1985
This paper examines the distribution of the values of patent rights in the United Kingdom, France, and Germany during …
Persistent link: https://www.econbiz.de/10012477430
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MPC Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
policy-induced variations in stock returns. Finally, monetary contractions have a larger impact on consumption in Germany and …
Persistent link: https://www.econbiz.de/10012480733
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Exchange Rate Fundamentals and Order Flow
Evans, Martin D. D. - 2007
We address whether transaction flows in foreign exchange markets convey fundamental information. Our GE model includes fundamental information that first manifests at the micro level and is not symmetrically observed by all agents. This produces foreign exchange transactions that play a central...
Persistent link: https://www.econbiz.de/10012465502
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Aging, Pension Reform, and Capital Flows : A Multi-Country Simulation Model
Boersch-Supan, Axel - 2005
In order to quantify these effects, we develop a computational general equilibrium model. We feed this multi-country overlapping generations model with detailed long-term demographic projections for seven world regions. Our simulations indicate that capital flows from fast-aging regions to the...
Persistent link: https://www.econbiz.de/10012466821