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Why do financial market experts misperceive future monetary policy decisions?
Schmidt, Sandra; Nautz, Dieter - 2010
panel random coefficient model, we show that financial experts have systematically misperceived the ECB's interest rate rule …. -- Central bank communication ; Interest rate forecasts ; Survey expectations ; Panel random coefficient model …
Persistent link: https://www.econbiz.de/10003989026
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The labour share of income : heterogeneous causes for parallel movements?
Hogrefe, Jan; Kappler, Marcus - 2010
as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find … support for a dynamic estimation setup and derive statements regarding the homogeneity assumption with respect to the three … share ; dynamic heterogeneous panel models …
Persistent link: https://www.econbiz.de/10003961521
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Fiscal externalities in local tax competition : empirical evidence from a panel of German jurisdictions
Büttner, Thiess - 2001
This paper is concerned with fiscal externalities arising from local taxation of a mobile factor. Using a panel of more …
Persistent link: https://www.econbiz.de/10011445920
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Extreme weather and risk preference : panel evidence from Germany
Kahsay, Goytom Abraha; Osberghaus, Daniel - 2016
. Using unique panel data, we find that households who report storm damage increased their risk taking. We do not find …
Persistent link: https://www.econbiz.de/10011454120
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After the death of inflation : will fiscal drag survive?
Heinemann, Friedrich - 2000
Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket creep in a progressive income tax system do not work any longer. With this background the paper analyzes the extent of fiscal drag for OECD countries since 1965. Some...
Persistent link: https://www.econbiz.de/10011444606
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Panel tests for unit roots in hours worked
Kappler, Marcus (contributor) - 2006
. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …
Persistent link: https://www.econbiz.de/10003314703
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A Bayesian approach to determine the impact of institutions on the unemployment rate
Sachs, Andreas - 2010
problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … applying an instrumental variable estimation approach. -- Unemployment ; institutions ; labor and product markets ; model …
Persistent link: https://www.econbiz.de/10008652532
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Cartel destabilization and leniency programs : empirical evidence
Klein, Gordon J. - 2010
Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but these effects are not straight-forward. It is even...
Persistent link: https://www.econbiz.de/10008822030
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Do business-related services really lag behind manufacturing industries in the business cycle? : empirical evidence on the lead/lag relationship between business-related services a...
Kaiser, Ulrich; Voß, Katrin - 1999
In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to...
Persistent link: https://www.econbiz.de/10011442943
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Intergenerational transmission of unemployment : evidence for German sons
Mäder, Miriam; Müller, Steffen; Riphahn, Regina T.; … - 2014
survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation …
Persistent link: https://www.econbiz.de/10010416210