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German Exchange Rate Exposure at DAX and Aggregate Level, International Trade, and the Role of Exchange Rate Adjustment Costs

Jamin, Gösta; Entorf, Horst - 2004

This article analyses value changes of German stock market companies in response to movements of the US dollar. The approach followed in this work extends the standard means of measuring exchange rate exposure in several ways (e.g. by using multi-factor modelling instead of augmented CAPM,...

Persistent link: https://www.econbiz.de/10010297319

Agglomeration, Population Size, and the Cost of Providing Public Services: An Empirical Analysis for German States

Stegarescu, Dan; Schwager, Robert; Büttner, Thiess - 2004

This paper is concerned with the question as to what extent population size and density affect the cost of providing public services at the subnational level. Empirical estimates of cost functions are obtained from an analysis of the expenditures of German states disaggregated into about 40...

Persistent link: https://www.econbiz.de/10010297357

The cost of phasing out nuclear power: a quantitative assessment of alternative scenarios for Germany

Böhringer, Christoph; Hoffmann, Tim; Vögele, Stefan - 2000

In the debate on the premature phase-out of nuclear power generation in Germany, there is an intense dispute on the effective operating time for the existing nuclear power plants. This paper addresses the question of how alternative phase-out regulations affect both the magnitude of total...

Persistent link: https://www.econbiz.de/10010297686

Kosten der privaten Altersvorsorge: Private Rentenversicherungen und Fondssparpläne im Vergleich

Westerheide, Peter - 2001

deutlich, dass die laufenden Kosten von aufgeschobenen Leibrentenversicherungen zum Teil deutlich unter den Kosten für … Ansparen in Investmentfonds mit gleicher durchschnittlicher Renditeerwartung vor Kosten, wie sie private Rentenversicherungen … bieten, und den hier unterstellten Kosten für aktienorientierte Investmentfonds aus Kostensicht nicht immer effizient ist …

Persistent link: https://www.econbiz.de/10010297736

Reforming Home Care Provision in Germany: Evidence from a Social Experiment

Arntz, Melanie; Thomsen, Stephan L. - 2008

In a long-run social experiment, personal budgets have been tested as an alternative to the home care programs of the German long-term care insurance (LTCI). Due to extending the coverage beyond LTCI approved services and agencies, personal budgets may improve care outcomes compared to the...

Persistent link: https://www.econbiz.de/10010298696

Changes in import pricing behaviour: the case of Germany

Stahn, Kerstin - 2009

Since changes in import prices feed into consumer prices and thus might affect monetary policy decisions, policymakers need to establish whether or not German importers' long-run pricing behaviour has changed. Of particular interest are any shifts in the importance of cost passthrough and...

Persistent link: https://www.econbiz.de/10010298761

The Bank, the Bank-Run, and the Central Bank: The Impact of Early Deposit Withdrawals in a New Keynesian Framework

Totzek, Alexander - 2008

Currently, private trust in commercial banks declines as a consequence of today´s financial crisis. As past crises, e.g. the Asian crisis, show, the loss of confidence in the financial sector typically causes private agents to withdraw their capital from financial institutions. Thus, the...

Persistent link: https://www.econbiz.de/10010298768

On the Non-Optimality of Information: An Analysis of the Welfare Effects of Anticipated Shocks in the New Keynesian Model

Wohltmann, Hans-Werner; Winkler, Roland C. - 2008

This paper compares the welfare effects of anticipated and unanticipated cost-push shocks in the canonical New Keynesian model with optimal monetary policy. We find that, for empirically plausible degrees of nominal rigidity, the anticipation of a future cost-push shock leads to a higher welfare...

Persistent link: https://www.econbiz.de/10010298769

Increasing energy and resource efficiency through innovation: an explorative analysis using innovation survey data

Rennings, Klaus; Rammer, Christian - 2009

Energy and resource efficiency innovations (EREIs) are often seen as win-win opportunities for both the economic and the environmental performance of firms. It is thus worth asking how the innovation activities and performance of firms with regard to energy and resource efficiency look like: Do...

Persistent link: https://www.econbiz.de/10010299184

Cost of compliance with the aquis communautaire in the Hungarian dairy sector

Kiss, Piroska; Weingarten, Peter - 2003

Union (EU). Über die hiermit in den Beitrittsländern ver-bundenen Kosten liegen bisher kaum Informationen vor. In diesem … Vorschriften besteht und wie hoch die hieraus resultierenden kalkulatorischen und pagatorischen jährlichen Kosten sind. Die … Millionen Euro. Hieraus folgen jährliche Kosten in Höhe von 9 Millionen Euro oder 0,1 bis 4,3 Cent pro Liter Milch. Dies …

Persistent link: https://www.econbiz.de/10010299439