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Student assessment and grade retention : evidence from a natural experiment ; conference paper

Kimura, Marlies; Ochsen, Carsten - 2014

In Germany and many other countries, students are tracked into various secondary school types. This paper studies whether parents or teachers assess students potential educational performance more adequately. Educational attainment is measured by grade retention rates. We take advantage of a...

Persistent link: https://www.econbiz.de/10010488494

Conditional patterns of unemployment dynamics in Germany : conference paper

Nordmeier, Daniela; Weber, Enzo - 2013

identify a technology shock and two policy shocks by using standard restrictions. Interestingly, the worker reallocation … process varies substantially with the identified shocks. The job finding rate plays a larger role after a technology shock and … a monetary policy shock, while the separation rate appears as the dominant margin after a fiscal policy shock …

Persistent link: https://www.econbiz.de/10010336262

Melting down : systemic financial instability and the macroeconomy ; conference paper

Hubrich, Kirstin; Hartmann, Philipp; Kremer, Manfred; … - 2013 - This version: August 30, 2013, Preliminary and incomplete

We integrate systemic financial instability in an empirical macroeconomic model for the euro area. We find that at times of widespread financial instability the macroeconomy functions fundamentally differently from tranquil times. We employ a richly specified Markov-Switching...

Persistent link: https://www.econbiz.de/10010336276

Big banks and macroeconomic outcomes : theory and cross-country evidence of granularity ; conference paper

Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013

Does the mere presence of big banks affect macroeconomic outcomes? Gabaix (2011) shows that idosyncratic shocks can have aggregate effects if the distribution of firm sizes in manufacturing follows a power law distribution. Our contribution is two-fold. First, we expand the theory of granularity...

Persistent link: https://www.econbiz.de/10010336792

Growth expectations, undue optimism, and short-run fluctuations : conference paper

Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2013 - Preliminary and incomplete

Expectations matter for economic activity. To the extent that they are fundamentally unwarranted, they represent "undue optimism or pessimism" (Pigou, 1927). In this paper, we identify empirically the effect of undue optimism/pessism ("optimism shocks") on economic activity. In a first step, we...

Persistent link: https://www.econbiz.de/10010342128

Sources of real exchange rate fluctuations : the role of supply shocks revisited ; conference paper

Gehrke, Britta; Yao, Fang - 2013 - This version: August 2013

, we extend the concept of supply shocks beyond the productivity shock towards labor supply shocks. Our analysis …

Persistent link: https://www.econbiz.de/10010344601

Do plants freeze upon uncertainty shocks? : conference paper

Mecikovsky, Ariel Matias; Maier, Matthias - 2014 - This version: February 26, 2014, Preliminary and incomplete

Using quarterly worker flow data of U.S. establishments, we find that an unexpected increase in uncertainty reduces hirings and quits, while it raises layoffs. This finding suggests that the real option effect of uncertainty is less important for employment decisions. Hence plants do not freeze...

Persistent link: https://www.econbiz.de/10010488510

Sign restrictions and statistical identification under volatility breaks : simulation based evidence and an empirical application to monetary policy analysis ; conference paper

Herwartz, Helmut; Plödt, Martin - 2014

Apart from a priori assumptions on instantaneous or long run effects of structural shocks, sign restrictions have become a prominent means for structural vector autoregressive (SVAR) analysis. Moreover, second order heterogeneity of systems of times series can be fruitfully exploited for...

Persistent link: https://www.econbiz.de/10010482469

Do large recessions reduce output permanently? : conference paper

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2013

this approach takes into account that the transmission of a shock might depend on the sign and the size of the shock. Large …

Persistent link: https://www.econbiz.de/10010340611

Happiness and the persistence of income shocks : conference paper

Bayer, Christian; Jüßen, Falko - 2013 - This version: March 1, 2013

-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the …

Persistent link: https://www.econbiz.de/10010339956