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Lee-Carter and the macroeconomy
Hanewald, Katja - 2009
Using data for six OECD countries, this paper studies the effect of macroeconomic conditions on the mortality index kt in the well-known Lee-Carter model. Significant correlations are found with real GDP growth rates in Australia, Canada, and the United States, and with unemployment rate changes...
Persistent link: https://www.econbiz.de/10010265670
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Country and industry equity risk premia in the euro area: an intertemporal approach
Cappiello, Lorenzo; Lo Duca, Marco; Maddaloni, Angela - 2008
This paper provides new evidence on the dynamics of equity risk premia in euro area stock markets across country and industry portfolios. We develop and estimate a conditional intertemporal CAPM where returns on aggregate euro area, country and industry portfolios depend on the market risk as...
Persistent link: https://www.econbiz.de/10011604959
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Towards expenditure rules and fiscal sanity in the euro area
Hauptmeier, Sebastian; Sanchez Fuentes, Jesus; … - 2010
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10011605312
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A First Look on the New Halle Economic Projection Model
Giesen, Sebastian; Holtemöller, Oliver; Scharff, Juliane; … - 2010
zunächst drei Länder modelliert, nämlich die USA und aus dem Euro-Währungsgebiet Deutschland und Frankreich, die zusammen etwa …
Persistent link: https://www.econbiz.de/10010271586
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Is There a Common European Business Cycle? New Insights from a Frequency Domain Analysis
Breitung, Jörg; Candelon, Bertrand - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 331-338
einige schwache Anzeichen für ein gemeinsames Konjunkturmuster für Frankreich, die Niederlande, Österreich und Deutschland …
Persistent link: https://www.econbiz.de/10010377545
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What Are the Different Strategies for EMU Countries?
Artus, Patrick - In: Vierteljahrshefte zur Wirtschaftsforschung 75 (2006) 2, pp. 65-78
The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
Persistent link: https://www.econbiz.de/10010377754
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Upswing in Europe gains momentum, but unemployment remains high
Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997
The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...
Persistent link: https://www.econbiz.de/10010295104
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Firm Characteristics, Economic Conditions and Capital Structure Adjustment
Drobetz, Wolfgang; Pensa, Pascal; Wanzenried, Gabrielle - 2007
We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...
Persistent link: https://www.econbiz.de/10011390623
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Kurzarbeit: Sinnvoller Konjunkturpuffer oder verlängertes Arbeitslosengeld?
Eichhorst, Werner; Marx, Paul - 2009
Angesichts der gegenwärtigen Rezession hat die Politik in Deutschland die Leistungen der Kurzarbeit ausgeweitet, indem …
Persistent link: https://www.econbiz.de/10010331481
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Frankreich: Ein Vorbild für Deutschland? Ein Vergleich wirtschaftspolitischer Strategien mit und ohne Mindestlohn
Horn, Gustav A.; Joebges, Heike; Logeay, Camille; … - 2008
In Deutschland wird im Kontext der Diskussion um Mindestlöhne häufig der Eindruck erweckt, dass die französische … seit Beginn der Wahrungsunion insgesamt stärker zu wachsen als Deutschland. Im Ergebnis war der Zuwachs an Beschäftigung … Wirtschaftspolitik in Deutschland immer im Vordergrund, die Exportperformance mittels erhöhter Wettbewerbsfähigkeit durch Lohnmoderation …
Persistent link: https://www.econbiz.de/10010460603