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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

Are 12 years of schooling sufficient for preparation for tertiary education? : evidence from the reform of secondary school duration in Germany ; conference paper

Meyer, Tobias; Thomsen, Stephan L. - 2014 - This version: February 28, 2014

An important education reform in Germany reduced the duration of university preparatory schooling from 13 to 12 years, but left the curriculum unchanged. In the state of Saxony-Anhalt the reform was completed in 2007 with a double cohort of graduates, providing a natural experiment. We use...

Persistent link: https://www.econbiz.de/10010481255

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

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

The interest rate pass-through in the Euro area during the global financial crisis : conference paper

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2013

This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding is...

Persistent link: https://www.econbiz.de/10010338974

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

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

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

The transmission of US financial stress : evidence for emerging market economies conference paper

Fink, Fabian; Schüler, Yves S. - 2013 - This draft: January 18, 2013

We provide empirical evidence that US financial stress shocks (US-FSSs) are an important driver for economic dynamics and fluctuations in emerging market economies (EMEs). Applying a structural vector autoregression, we analyze the international transmission of US-FSSs to eight EMEs using...

Persistent link: https://www.econbiz.de/10010344608

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