Showing 1 - 10 of 53
. In particular, our findings highlight the key role of business dynamism and its implications for productivity in …
Persistent link: https://www.econbiz.de/10012317396
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the … demographic change and inflation dynamics. We are the first to formally disentangle the two components of demographic change …: population size and structure, and determine how they separately affect inflation. We find that changes in population size are a …
Persistent link: https://www.econbiz.de/10012265487
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for expected exchange rate changes. In doing so, we...
Persistent link: https://www.econbiz.de/10012435503
to influence productivity. To this end we estimate plant-level production functions augmented by regional characteristics …
Persistent link: https://www.econbiz.de/10011539710
This paper exploits a geocoded, publicly audited, full population dataset on employment and wages in Sweden's city areas, to analyze the relationship between density of economic activity and individual wages. The analysis is based on 250-by-250 meter (about 0.15 miles), 1 km2, 9 km2 and 100 km2...
Persistent link: https://www.econbiz.de/10011507866
Persistent link: https://www.econbiz.de/10010424820
This study analyzes empirically the effects of import competition on firm productivity (TFPQ) using administrative firm … positive incentives for firms to invest in productivity improvement, whereas import competition from middle- and low …. Costly investment in productivity appears feasible reaction to such type of competition and we find no evidence for …
Persistent link: https://www.econbiz.de/10012426234
This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save more. Fewer workers reduce the optimal capital...
Persistent link: https://www.econbiz.de/10012266985
The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of local crowding out for a developed economy characterized by low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking...
Persistent link: https://www.econbiz.de/10013330594