Showing 1 - 10 of 22,731
This paper estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all …
Persistent link: https://www.econbiz.de/10010230158
In standard error correction models GDP and credit share a long-run cointegration relationship with causality running … from GDP to credit. The models are inconclusive about the question whether credit has also a positive impact on GDP. A … reason for the mixed effects is the dual nature of credit, having a potential for both supporting economic growth and …
Persistent link: https://www.econbiz.de/10013031774
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
This paper provides new evidence about the link between firm level total factor productivity (TFP) and stock returns. We estimate firm level TFP and show that it is strongly related to several firm characteristics such as size, the book to market ratio, investment, and hiring rate. Low...
Persistent link: https://www.econbiz.de/10013093807
Die deutsche Exportindustrie ist traditionell auf die Lieferung von Investitionsgütern spezialisiert. Daher kann die Schätzung der zukünftigen Entwicklung der Investitionsgüterexporte für die Prognose der gesamten deutschen Ausfuhren von Nutzen sein. Die Investitionstätigkeit von...
Persistent link: https://www.econbiz.de/10009682530
Persistent link: https://www.econbiz.de/10001724413
Long-term interest rates of small open economies correlate strongly with the US long-term rate. Can central banks in those countries decouple from the US? An estimated DSGE model for the UK (vis-`a-vis the US) establishes three structural empirical results. (1) Comovement arises due to nominal...
Persistent link: https://www.econbiz.de/10011887034
Persistent link: https://www.econbiz.de/10003561908