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Why are Prices Sticky? Evidence from Business Survey Data

Schenkelberg, Heike - 2011

This paper offers new insights on the price setting behaviour of German retail firms using a novel dataset that consists of a large panel of monthly business surveys from 1991-2006. The firm-level data allows matching changes in firms' prices to several other firm-characteristics. Moreover,...

Persistent link: https://www.econbiz.de/10010427594

Gender, Investment Financing and Credit Constraints

Pelger, Ines - 2011

denial rates in Germany. The empirical analysis is carried out on a sample of firms drawn from the KfW Mittelstandspanel, a …

Persistent link: https://www.econbiz.de/10010427597

Broadband Infrastructure and Unemployment - Evidence for Germany

Czernich, Nina - 2011

Online job search is becoming increasingly prominent and is viewed to improve the efficiency of the search process. OLS results suggest a negative association of DSL availability with unemployment rates across German municipalities. However, the roll-out of DSL networks is not random. This paper...

Persistent link: https://www.econbiz.de/10010427603

Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data

Carstensen, Kai; Schenkelberg, Heike - 2011

This paper evaluates the predictions of different price setting theories using a new dataset constructed from a large panel of business surveys of German retail firms over the period 1970-2010. The dataset contains firm-specific information on both price realizations and expectations....

Persistent link: https://www.econbiz.de/10010427610

Male vs. female business owners: Are there differences in investment behavior?

Pelger, Ines - 2011

This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs). The empirical analysis is carried out on a sample of firms drawn from the KfW Mittelstandspanel, a representative survey of German SMEs for the period from 2003 to 2009. We find...

Persistent link: https://www.econbiz.de/10010427612

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

Fabbri, Francesca; Marin, Dalia - 2012

The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …

Persistent link: https://www.econbiz.de/10010427621

Stochastic volatility models: Conditional normality versus heavy tailed distributions

Liesenfeld, Roman; Jung, Robert C. - 1997

Most of the empirical applications of the stochatic volatility (SV) model are based on the assumption that the conditional distribution of returns given the latent volatility process is normal. In this paper the SV model based on a conditional normal distribution is compa-red with SV...

Persistent link: https://www.econbiz.de/10010435553

Temporäre Marktungleichgewichte auf Bondmärkten: Aktive Handelsstrategien auf Basis geschätzter Zinsstrukturkurven

Kellerhals, B. Philipp; Uhrig-Homburg, Marliese - 1997

Auf Anleihemärkten versuchen Investoren mit aktiven Handelsstrategien eine über der risikoadäquaten Marktverzinsung liegende Rendite zu erwirtschaften. Dabei kommen prognoseorientierte Strategien wie auch Anlagepolitiken zur Verwendung, die zeitweilige Marktungleichgewichte zu nutzen...

Persistent link: https://www.econbiz.de/10010435580

Trading volume and the short and long-run components of volatility

Liesenfeld, Roman - 1997

This paper investigates the Information content of daily trading volume with respect to the long-run or high persistent and the short-run or transitory components of the volatility of daily stock market returns using bivariate mixture models. For this purpose, the Standard bivariate mixture...

Persistent link: https://www.econbiz.de/10010435593

Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model

Hein, Eckhard; Tarassow, Artur - 2008

Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...

Persistent link: https://www.econbiz.de/10010460467