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Temporary VAT reduction during the lockdown : evidence from Germany

Clemens, Marius; Röger, Werner - 2021

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

The aging-inflation puzzle : on the interplay between aging, inflation and pension systems

Härtl, Klaus; Leite, Duarte - 2019 - This version: February 2019

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

Fundamental determinants of exchange rate expectations

Beckmann, Joscha; Czudaj, Robert - 2020

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

Demographic change and the German current account surplus

Schön, Matthias - 2019 - Preliminary version

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

Growing like Germany : local public debt, local banks, low private investment

Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021 - This version: December 2020, first version: August 2019

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

Technological change, relative worker productivity, and firm-level substitution : evidence from the NBA

Gannaway, Grant; Palsson, Craig; Price, Joseph; Sims, … - In: Journal of sports economics 15 (2014) 5, pp. 478-496

Persistent link: https://www.econbiz.de/10010424820

Does ICT remain a powerful engine of growth?

Cette, Gilbert - In: Revue d'économie politique 124 (2014) 4, pp. 473-492

Persistent link: https://www.econbiz.de/10010485923

How important are agglomeration effects for plant performance? : empirical evidence for Germany

Fuchs, Michaela; Ludewig, Oliver - 2010 - Preliminary version

to influence productivity. To this end we estimate plant-level production functions augmented by regional characteristics …

Persistent link: https://www.econbiz.de/10011539710

Escaping the middle-income trap in Southeast Asia : micro evidence on innovation, productivity, and globalization

Lee, Cassey; Narjoko, Dionisius - In: Asian economic policy review : AEPR 10 (2015) 1, pp. 124-147

Persistent link: https://www.econbiz.de/10011427975

Import competition and firm productivity : evidence from German manufacturing

Braeuer, Richard; Mertens, Matthias; Slavtchev, Viktor - 2020

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