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Earlier or later in CGE-models: The case of a tax reform proposal
Honerkamp, Josef; Moog, Stefan; Raffelhüschen, Bernd - 2002
The German Income Tax Reform 2000 was welcomed by the public as a step towards unleashing lurking growth potentials. Nonetheless, in the course of the year 2001a dispute arose, centering around the question, whether or not the later stages of the German Income Tax Reform should be brought...
Persistent link: https://www.econbiz.de/10010308321
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Employment effects of innovation at the firm level
Rottmann, Horst; Lachenmaier, Stefan - 2007
Analyse wird ein außergewöhnlich langer Paneldatensatz für das Verarbeitende Gewerbe in Deutschland verwendet. Aus …
Persistent link: https://www.econbiz.de/10010308392
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Cash, hoarding and the underground economy
Pickhardt, Michael; Sardà, Jordi - 2011
the issue of cash hoarding. Findings include that the size of hoarded currency in Germany, about 40 to 110 billion Euro in … 2009 according to recent estimates, may have reduced the size of the cash using underground economy in Germany, ceteris …
Persistent link: https://www.econbiz.de/10010308477
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Time and the price impact of a trade: A structural approach
Grammig, Joachim G.; Theissen, Erik; Wünsche, Oliver - 2011
We revisit the role of time in measuring the price impact of trades using a new empirical method that combines spread decomposition and dynamic duration modeling. Previous studies which have addressed the issue in a vector-autoregressive framework conclude that times when markets are most active...
Persistent link: https://www.econbiz.de/10010308551
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Limit order books and trade informativeness
Beltran-Lopez, Hélena; Grammig, Joachim G.; Menkveld, … - 2011
In the microstructure literature, information asymmetry is an important determinant of market liquidity. The classic setting is that uninformed dedicated liquidity suppliers charge price concessions when incoming market orders are likely to be informationally motivated. In limit order book...
Persistent link: https://www.econbiz.de/10010308565
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More ads, more revs? Is there a media bias in the likelihood to be reviewed?
Dewenter, Ralf; Heimeshoff, Ulrich - 2012
This note analyzes the existence of a possible media bias by determining the impact of automobile manufactures' advertisements on the probability that German car magazines review their products. By accounting for possible endogeneity, we find a positive impact of advertising volumes on test...
Persistent link: https://www.econbiz.de/10010309033
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Do better capitalized banks lend less? Long-run panel evidence from Germany
Buch, Claudia M.; Prieto, Esteban - 2012
Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...
Persistent link: https://www.econbiz.de/10010309227
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Dividend announcements reconsidered: Dividend changes versus dividend surprises
Andres, Christian; Betzer, André; van den Bongard, Inga; … - 2012
surprise. Using data from Germany, we find significant share price reactions after dividend announcements. Once we control for …
Persistent link: https://www.econbiz.de/10010309228
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Inter-industrial relations and sectoral employment development in German regions
Kowalewski, Julia - 2012
This paper aims to find evidence for the positive impact of cluster structures on employment development in Germany. It …
Persistent link: https://www.econbiz.de/10010309231
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Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis
Marczak, Martyna; Gómez, Víctor - 2012
Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … producer real wage, the lead-lag pattern changes over time. We also find that real wages in the USA as well in Germany are …
Persistent link: https://www.econbiz.de/10010309235