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We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...
Persistent link: https://www.econbiz.de/10012826004
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10009721990
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10013084902
We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012889164
This paper uses the study of two ESG data vendors – KLD and Innovest – to exemplify the “social origins of ESG” argument made by Eccles and Stroehle (2018). Based on in-depth interviews with the organizations' founders and historical document analysis, we recap the history of the cases...
Persistent link: https://www.econbiz.de/10012894627
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run...
Persistent link: https://www.econbiz.de/10012865836
Mitigating climate change requires aligning real economy investments with climate objectives. This pilot study measures the climate consistency of investments in transport infrastructure and vehicles in Latvia between 2008 and 2018, estimated at EUR 1.5 billion per year on average. To do so,...
Persistent link: https://www.econbiz.de/10012422659
The final part of the presented study, which consisted of four parts, is devoted to assessing the consequences of the economic inequality of countries, including those dependent on the export of hydrocarbon energy. Note that the estimates presented in this paper also cover the period of various...
Persistent link: https://www.econbiz.de/10014355912
Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …
Persistent link: https://www.econbiz.de/10003751180
cross-country production sharing. In this paper we empirically assess the impact of FDI, as well as capital dynamics and … high-tech manufacturing sectors. A particularly robust influence of FDI and capital accumulation on GVC integration is … identified in the textile and clothing industry. While capital accumulation in general intensifies GVC linkages for most sectors …
Persistent link: https://www.econbiz.de/10012153901