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Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo - 2004
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and … to improve along these two dimensions of investors' confidence in the medium run, and policies to reduce the impact of …
Persistent link: https://www.econbiz.de/10012468174
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How Durable are Social Norms? Immigrant Trust and Generosity in 132 Countries
Helliwell, John F. - 2014
footprint effects for immigrants' confidence in political institutions. Taken together, these findings support the notion that …
Persistent link: https://www.econbiz.de/10012458809
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Uncertainty and Economic Activity : Evidence from Business Survey Data
Bachmann, Ruediger - 2010
data from the U.S. and Germany in structural VARs, we find that positive innovations to business uncertainty lead to … confidence innovations. Once we control for their low-frequency effect, we find little statistically or economically significant …
Persistent link: https://www.econbiz.de/10012462513
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Living Up to Expectations : Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis
Cole, Stephen J.; Martínez-García, Enrique; Sims, Eric R. - National Bureau of Economic Research - 2023
and affects the overall effectiveness of forward guidance. We find that the central banks of the U.S., the U.K., Germany …
Persistent link: https://www.econbiz.de/10014421202
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Bond Market Inflation Expectations in Industrial Countries : Historical Comparisons
Bordo, Michael D. - 2001
We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation expectations would be reflected in longer-term interest...
Persistent link: https://www.econbiz.de/10012470134
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The Incentive for Working Hard : Explaining Hours Worked Differences in the U.S. and Germany
Bell, Linda A. - 2000
This paper seeks to explain the greater hours worked by Americans compared to Germans in terms of forward-looking labor supply responses to differences in earnings inequality between the countries. We argue that workers choose current hours of work to gain promotions and advance in the...
Persistent link: https://www.econbiz.de/10012470681
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
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
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The Role of Wage and Skill Differences in US-German Employment Differences
Freeman, Richard B. - 2000
Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less … jobs problem in Germany is one of a general lack in demand for labor …
Persistent link: https://www.econbiz.de/10012471302
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Labor Earnings Mobility and Inequality in the United States and Germany During the Growth Years of the 1980s
Burkhauser, Richard V. - 1997
prime age men and women in the United States and Germany during the growth years of the 1980s. Despite major differences in …-specific differences among men, while in Germany random shocks are found to persist longer for men. Women in Germany and the United States …
Persistent link: https://www.econbiz.de/10012472830
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Aging in Germany and the United States : International Comparisons
Borsch-Supan, Axel - 1993
subsidies on retirement, savings and housing choices in the two countries. Germany faces a particularly pronounced aging process … percent at its peak in 2030. In this respect, changes that are occurring in Germany now may be regarded as indicative for … changes to come in the United States. Retirement, savings and housing behavior differ quite markedly between Germany and the …
Persistent link: https://www.econbiz.de/10012474412