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Real Origins of the Great Depression: Monopolistic Competition, Union Power, and the American Business Cycle in the 1920s

Ebell, Monique; Ritschl, Albrecht - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...

Persistent link: https://www.econbiz.de/10005861193

Informational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices

Altman, Edward; Gande, Amar; Saunders, Anthony - 2003

This paper examines the informational efficiency of loans relative to bonds surrounding loan default dates and bond default dates. We examine this issue using a unique dataset of daily secondary market prices of loans over the11/1999-06/2002 period.(...)

Persistent link: https://www.econbiz.de/10005846906

Compulsory Licensing - Evidence from the Trading with the Enemy Act

Moser, Petra; Voena, Alessandra - National Bureau of Economic Research <Cambridge, Mass.> - 2009

Compulsory licensing allows firms in developing countries to produce foreign-owned inventions withoutthe consent of foreign patent owners. This paper uses an exogenous event of compulsory licensingafter World War I under the Trading with the Enemy Act to examine the long run effects of...

Persistent link: https://www.econbiz.de/10005870416

Arbeit und Wohlstand

Lenk, Thomas - Institut für Öffentliche Finanzen und Public … - 1997

Mitten in der Großen Weltwirtschaftskrise schrieb der englische Ökonom John Maynard Keynes 1930 einen kleinen Aufsatz: "Die wirtschaftlichen Chancen unserer Enkel". Der herrschende Pessimismus, so beginnt Keynes, sei eine "wahnwitzig falsche Interpretation" dessen, was unter der Ober-fläche...

Persistent link: https://www.econbiz.de/10005866726

Euro area money demand: empirical evidence on the role of equity and labour markets

Bondt, Gabe J. de - 2009

equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store … of household wealth and thus part of a financial transaction motive. Negative substitution effects through the expected …

Persistent link: https://www.econbiz.de/10005866912

Wohlstand durch Produktivität - Deutschland iminternationalen Vergleich

Bormann, René; Dauderstädt, Michael; Fischer, Michael; … - Friedrich-Ebert-Stiftung / Abteilung Wirtschafts- und … - 2009

Die Studie „Wohlstand durch Produktivität –Deutschland im internationalen Vergleich“ untersuchtdie Wachstumsentwicklung sechs großerVolkswirtschaften während der letzten 50 Jahre:Deutschland, Frankreich, Großbritannien, Niederlande,Schweden und USA. Diese Länder könnenfür...

Persistent link: https://www.econbiz.de/10005867588

Wohlstand ohne Wachstum - Die Hintergrundberichte

Bodmer, Frank; Borner, Silvio - Wirtschaftswissenschaftliches Zentrum <Basel>

In „Wohlstand ohne Wachstum – Eine Schweizer Illusion“ haben wir einen breiten Überblick über dieSituation der schweizerischen Volkswirtschaft und deren Probleme gegeben. Dabei mussten einzelneThemen vertieft analysiert werden. Neben den Autoren der Studie war ein Team von drei...

Persistent link: https://www.econbiz.de/10005868297

Evolutionary Finance

Evstigneev, Igor’ V.; Hens, Thorsten; Schenk-Hoppé, … - Institut für Schweizerisches Bankwesen <Zürich> - 2008

generates a stochastic wealth dynamics on aheterogenous population of traders through the uctuation of asset prices and …

Persistent link: https://www.econbiz.de/10005869072

Monetary Policy Transmission through the Consumption-Wealth Channel

Ludvigson, Sydney C.; Steindel, Charles; Lettau, Martin - New York University / Department of Economics; Federal …

consumption-wealth channel of monetary policyspells out this mechanism: changes in monetary policy affectasset values, which in …. Aftersketching the evolution of research on the wealth channel, weturn to evidence of its size from a number of large … preferred estimates of the wealthchannel. We find that evidence of an important wealth channelfor monetary policy is scant …

Persistent link: https://www.econbiz.de/10005869379

Wo steht der Osten? - Eine ökonomische Analyse anhand von Wohlfahrts- und Happinessindikatoren

Kuchinke, Björn A.; Walterscheid, Heike - Institut für Volkswirtschaftslehre <Ilmenau> - 2005

German media repeatedly discuss the thesis, that residents in East Germany are dissatisfiedwith their life situation in comparison to those in West Germany. Therefore East Germanstend to moan. One intention of this essay is to answer the question, whether the East Germansare in fact dissatisfied...

Persistent link: https://www.econbiz.de/10005856040