Showing 141 - 150 of 1,614
low correlation of growth rates.However, this asymmetry does not mean that countries cannot move towardsiiicreation of a …
Persistent link: https://www.econbiz.de/10009447747
important driving forces behind asymmetry. Cross sectional analysis, using firm level data, shows that plant and equipment … expenditures, raw materials inventory holdings, and bankruptcy score increase the likelihood ratio index for asymmetry by more than …
Persistent link: https://www.econbiz.de/10010263225
The paper examines the processes underlying economic fluctuations by investigating the volatility moderation of U.S. economy in the early 1980's. We decompose the volatility decline using a dynamic factor framework into a common stochastic trend, common transitory component and idiosyncratic...
Persistent link: https://www.econbiz.de/10010263232
We experimentally study the effect of asymmetry on cooperation in a 40 period prisoner's dilemma game in fixed partner … symmetric ones. Asymmetry significantly decreases cooperation, as low-type players are more likely to defect after mutual … cooperation while high-type players initiate cooperation more often than the former. Asymmetry also has a significant negative …
Persistent link: https://www.econbiz.de/10010264803
This paper provides statistical evidence suggesting that in industrial countries, recessions that are associated with either banking crises or housing crises dampen output far more than ordinary recessions. Using a parametric panel framework that allows for a bounceback of the level of output in...
Persistent link: https://www.econbiz.de/10010265853
This paper analyzes enhanced cooperation agreements in corporate taxation in a three country tax competition model where countries differ in size. We characterize equilibrium tax rates and the optimal tax responses due to the formation of an enhanced cooperation agreement. Conditions for...
Persistent link: https://www.econbiz.de/10010266099
evidence shows asymmetry is also a prominent feature of stock market returns volatility. The reaction of risk if stock returns …
Persistent link: https://www.econbiz.de/10010270556
are allocation aspects, power asymmetry, cultural background, the interplay between fairness and mentalizing, frequency of … the German participants. The lesson we draw from our findings is that power asymmetry, cultural back-ground and …
Persistent link: https://www.econbiz.de/10010270765
-run. Results also reveal threshold effects and asymmetry in the pass-through relationship over appreciations/depreciations as well …
Persistent link: https://www.econbiz.de/10010273645
In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the...
Persistent link: https://www.econbiz.de/10010274488