Showing 1 - 10 of 20
Das Papier untersucht die Rolle von Frühindikatoren bei der Erstellung von Konjunkturprognosen. Gegenstand der Analyse sind die Fragen: Welche Kriterien sollten Frühindikatoren generell erfüllen bzw. was sollten Frühindikatoren leisten? Inwieweit erfüllen die gängigen Indikatoren diese...
Persistent link: https://www.econbiz.de/10010295369
Deutschlands Arbeitslosenquoten sind bis 2005 mit jeder Rezession sprunghaft angestiegen. Das wird von neoklassischen Mikroökonomen als Funktionsstörung des Arbeitsmarktes interpretiert, was zur Ausblendung makroökonomischer Zusammenhänge und zur Verengung der Debatte auf...
Persistent link: https://www.econbiz.de/10011530907
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10011600993
Im Folgenden werden ausgewählte Ergebnisse einer neuen Datenquelle zur Messung von Wachstum und Produktivität im internationalen Vergleich präsentiert. Die Informationen decken den Zeitraum von 1970 bis 2004 ab. Sie zeigen, dass Deutschland seine langjährige Wachstumsführerschaft in Europa...
Persistent link: https://www.econbiz.de/10011601716
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...
Persistent link: https://www.econbiz.de/10011604700
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10010281765
This policy report studies the effects of a sudden stop of natural gas imports from Russia on the German economy. The analysis focuses on the supply-side effects that arise when a gas shortage affects production in the gas-intensive manufacturing sectors, with a corresponding production...
Persistent link: https://www.econbiz.de/10014080092
The legal regulations require the minimum wage in Germany to be adjusted biennially which gives rise to a policy discontinuity. From the perspective of rational expectations models, such policy features render standard local approximation techniques infeasible. The paper presents a stylised...
Persistent link: https://www.econbiz.de/10012981893
I document that the return expectations of Wall Street analysts are contrarian and countercyclical, contrasting with existing evidence that return expectations among Main Street investors (CFOs, retail investors) appear exclusively extrapolative and positively correlated. I demonstrate that an...
Persistent link: https://www.econbiz.de/10013234256
Although employee-representation systems coexist with a collective-bargaining framework in continental Europe for many years, US labor advocates have looked upon those representations systems with suspicion. The reasons for this suspicion are historical: US employee-representation systems have...
Persistent link: https://www.econbiz.de/10013064543