Similar Search Results

Fecht, Falko (contributor); Martin, Antoine (contributor) - 2005

In this paper, we address the question whether increasing households' financial market access improves welfare in a financial system in which there is intense competition among banks for private households' funds. Following earlier work by Diamond and by Fecht, we use a model in which the degree...

Persistent link: https://www.econbiz.de/10002917590

Information from Financial Markets and VAR Measures of Monetary Policy

Favero, Carlo A.; Bagliano, Fabio C. - 1998

Exogenous measures of monetary policy shocks, directly derived from financial market information, are used in close (U.S.) and open (U.S.-Germany) economy VAR models to evaluate the robustness of the dynamic effect of monetary policy obtained from traditional identified VAR. The empirical...

Persistent link: https://www.econbiz.de/10014212157

Forecaster Heterogeneity, Surprises and Financial Markets

Pericoli, Marcello - 2015

We analyze the impact of US macroeconomic surprises and forecaster heterogeneity on the USD/EUR exchange rate and US and German long-term interest rates from 1999 to 2014. We show how a direct proxy of macroeconomic disagreement, given by the heterogeneity of beliefs among forecasters regarding...

Persistent link: https://www.econbiz.de/10013012472

Banks, Markets, and Efficiency

Fecht, Falko - 2016

Persistent link: https://www.econbiz.de/10012989326

Is Financial Market Volatility Informative to Predict Recessions?

Valckx, Nico; de Ceuster, Marc J. K.; Annaert, Jan - 2003

and the theory of investment under uncertainty provide a rationale for this extension. The results show that interest rate …

Persistent link: https://www.econbiz.de/10014076057

Banking, Markets, and Efficiency

Martin, Antoine; Fecht, Falko - 2005

Persistent link: https://www.econbiz.de/10014064410

Wie stark reagiert der deutsche Wohnungsbau auf steigende Kapitalmarktzinsen?

Hiller, Norbert; Lerbs, Oliver - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 9, pp. 716-723

Seit Jahresbeginn gerät der deutsche Wohnungsbau neben steigenden Kosten für Baustoffe, Personal und Energie durch stark anziehende Finanzierungskosten unter Druck. In Verbindung mit hohen Inflationsraten im Euroraum sind die Kapitalmarktzinsen und damit auch die Zinsen für Baukredite...

Persistent link: https://www.econbiz.de/10013367852

A Vectorautoregressive Investment Model (VIM) and Monetary Policy Transmission: Panel Evidence from German Firms

von Kalckreuth, Ulf; Chirinko, Robert S.; Breitung, Jörg - 2003

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …

Persistent link: https://www.econbiz.de/10010295752

Latvian foreign trade and investment with Germany and Russia: past and present

Karnups, Viesturs Pauls - Institute for European Integration, Europa-Kolleg - 2010

This paper examines Latvia's foreign trade and investment relations with Germany and Russia during the interwar period … and the period after the restoration of independence up to now. During the period between the two world wars Latvia … exports consist of manufactured goods as well as food processing products. In terms of investments, pre-war investment from …

Persistent link: https://www.econbiz.de/10008866101

Do Works Councils Inhibit Investment?

Wagner, Joachim; Schnabel, Claus; Schank, Thorsten; … - 2005

(favorable) impact on investment. …

Persistent link: https://www.econbiz.de/10010297205