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In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with high risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe...
Persistent link: https://www.econbiz.de/10013006687
There are two principal theories of why countries or regions trade: comparative advantage and increasing returns to scale. Yet there is virtually no empirical work that assesses the relative importance of these two theories in accounting for production structure and trade. We use a framework...
Persistent link: https://www.econbiz.de/10014070873
This paper provides one of the first studies of the impact of the introduction of robots to equilibrium labor demand in an entire economy. We use long-term (1979-2012) industry-level panel data from Japan, a country that is over 10 times as intensive in the use of robots as in the U.S.Our model,...
Persistent link: https://www.econbiz.de/10014094634
Persistent link: https://www.econbiz.de/10014483542
Der vorliegende Beitrag nutzt empirisches Material, das im Rahmen des Forschungsprojektes "Beteiligung von Belegschaftsvertretungen an Managemententscheidungen in deutschen und japanischen Unternehmen" gewonnen wurde. Das von zwei Mitarbeitern durchgeführte Projekt wird von der DFG gefördert...
Persistent link: https://www.econbiz.de/10010296983
The author takes a close look at bilateral German-Japanese trade and direct investment data, employing various techniques (intensity indicators, RCA, intra-industry trade). It turns out that German-Japanese trade and FDI links are indeed rather limited, as has frequently been stated. A number of...
Persistent link: https://www.econbiz.de/10010304758
constitute the relationship between the United States and Japan on the one hand and Germany and the United States on the other … Washington have led to strong pressure on states like the United States, Germany and Japan to form a collective identity …
Persistent link: https://www.econbiz.de/10011906527
, Germany, and Japan, because these three cases can learn from each other and contribute to progress in the Helix theory itself …
Persistent link: https://www.econbiz.de/10011940079
Germany and Japan. Applying an ordered logit model to individual data from representative public opinion surveys, it is … inclination towards a government-based pension system in the case of Japan but positively in Germany. Other significant influences …
Persistent link: https://www.econbiz.de/10010265720
countries. We compare the institutional frame, in particular labor-market characteristics and family law, in Germany and Japan …-earner) family system until the second half of the 20th century. Now we can observe that social changes that happened in Germany … fertility rates that resulted in Germany can be transfered to Japan. …
Persistent link: https://www.econbiz.de/10010273562