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News media, common information, and sectoral comovement : conference paper

Buchen, Teresa - 2014

media coverage of economic news in Germany, we find that a higher volume of economy-wide news indeed signifi cantly … of sectoral output comovement. Although firms tend to be more susceptible to bad news, the tone of media coverage only …

Persistent link: https://www.econbiz.de/10010484401

The news media and the expectation formation of firms : conference paper

Buchen, Teresa - 2013 - Preliminary version

information that provides a coding service is the mass media. This paper investigates empirically whether the news media have an … macroeconomic news rises. Second, the news media act as an amplifi er of actual economic developments. Third, business expectations … react stronger to negative than to positive news. …

Persistent link: https://www.econbiz.de/10010338394

News about aggregate demand and the business cycle : conference paper

Guo, Jang-ting; Sirbu, Anca-Ioana; Weder, Mark - 2014

by news shocks to two formulations of future consumption demand or government spending on goods and services. In sharp …

Persistent link: https://www.econbiz.de/10010480670

Expansionary and contractionary technology improvements : conference paper

Balleer, Almut; Enders, Zeno - 2013 - Preliminary and incomplete

This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs). We estimate these two shocks jointly based on a...

Persistent link: https://www.econbiz.de/10010336790

Cyclicality of job and worker flows : new data and a new set of stylized facts ; conference paper

Bachmann, Ruediger; Bayer, Christian; Seth, Stefan; … - 2013

We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their...

Persistent link: https://www.econbiz.de/10010340557

Forecasting business-cycle turning points with (relatively large) linear systems in real time : conference paper

Schreiber, Sven - 2013 - This preliminary version: March 2013

The detection of business-cycle turning points is usually performed with non-linear discrete-regime models such as binary dependent variable (e.g., probit or logit) or Markov-switching methods. The probit model has the drawback that the continuous underlying target variable is discretized, with...

Persistent link: https://www.econbiz.de/10010344635

Does short-time work save jobs? : a business cycle analysis ; conference paper

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...

Persistent link: https://www.econbiz.de/10010344643

Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper

Snell, Andy; Stüber, Heiko - 2014

Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....

Persistent link: https://www.econbiz.de/10010490623

Smooth, strategic communication : conference paper

Deimen, Inga; Szalay, Dezsö - 2014

We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions. The Sender observes noisy signals about both players' ideal policies and then communicates with the Receiver. Even though Sender and Receiver disagree about ideal policies as a...

Persistent link: https://www.econbiz.de/10010482440

Firing costs : eurosclerosis or eurosuccesses? : paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands", organized by Michael Funke (Universi...

Chen, Yu-Fu; Snower, Dennis J.; Gylfi Zoega; Funke, Michael - HWWA Workshop on Uncertainty and Factor Demands <1999, …; … - 1999

In this paper we analyse the employment implications of firing restrictions. We find that when a recession is expected and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there is a negative effect on average employment. When, on...

Persistent link: https://www.econbiz.de/10011418198

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