Ziel des Beitrags ist eine empirische Analyse der Bedeutung möglicher Determinanten des Überlebens von Neugründungen in der badenwürttembergischen Industrie in der Zeit von 1981 bis 1994. Für die Studie wurden erstmals Daten der amtlichen baden-württembergischen Industriestatistik auf der...

The motivation of this paper is to add new, large sample evidence on the extent to which the <p> likelihood of business failure or success is related to relationships between parent firms and their <p> 'off-spring'. For this purpose we make use of an exhaustive matched employer-employee data set <p>...</p></p></p>

This paper explores implications of nominal rigidity characterized by a non-constant hazard function for aggregate dynamics. I derive the NKPC under an arbitrary hazard function and parameterize it with the Weibull duration model. The resulting Phillips curve involves lagged inflation and lagged...

This paper uses the Bayesian approach to solve and estimate a New Keynesian model augmented by a generalized Phillips curve, in which the shape of the price reset hazards can be identified using aggregate data. My empirical result shows that a constant hazard function is easily rejected by the...

Whelan (2007) found that the generalized Calvo-sticky-price model fails to replicate a typical feature of the empirical reduced-form Phillips curve - the positive dependence of inflation on its own lags. In this paper, I show hat it is the 4-period-Taylor-contract hazard function he chose that...

This paper presents an approach to identify aggregate price reset hazards from the joint dynamic behavior of inflation and macroeconomic aggregates. The identification is possible due to the fact that inflation is composed of current and past reset prices and that the composition depends on the...

This paper demonstrates that tractability gained from the Calvo pricing assumption is costly in terms of aggregate dynamics. I derive a generalized New Keynesian Phillips curve featuring a generalized hazard function, non-zero steady state inflation and real rigidity. Analytically, I find that...