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Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …
Persistent link: https://www.econbiz.de/10010297682
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10010297287
Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …
Persistent link: https://www.econbiz.de/10010297970
We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...
Persistent link: https://www.econbiz.de/10010298101
individual heterogeneity in explaining the persistence of innovation. …
Persistent link: https://www.econbiz.de/10010297493
index. The estimation confirms the importance of quality adjustment since the decline of average prices at 7 percent p.a. is … substantially lower, thus overestimating computer prices and inflation. When the hedonic index for German computer prices is … Inflation wird zu hoch ausgewiesen. Bei der Analyse der Preisentwicklung für PCs in Deutschland (bezogen auf den Direktmarkt …
Persistent link: https://www.econbiz.de/10010297756
several years until cartel victims obtain damages. Interest and inflation are thus two key drivers of adequate compensation … legal systems treat interest and inflation as part of competition law actions for damages, and, using real-world data from …
Persistent link: https://www.econbiz.de/10010330310
Central bank surveys frequently elicit households' probabilistic beliefs about future inflation. However, most … household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled … trial included in the Bundesbank Online Panel Households, we show (i) that keeping the original scale in high-inflation …
Persistent link: https://www.econbiz.de/10014476297
We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...
Persistent link: https://www.econbiz.de/10014506982
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10005097479