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We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general...
Persistent link: https://www.econbiz.de/10015211287
The article documents the construction of a narrative instrument for government investment, used in the paper 'An Estimation and Decomposition of the Government Investment Multiplier'.
Persistent link: https://www.econbiz.de/10015211330
Because of increasing resource prices and thus, higher export profits, resource abundant countries become more and more constrained in implementing a sustainable resource management which realizes two main objectives: The development of competitive non-oil industries and the reduction of...
Persistent link: https://www.econbiz.de/10015217944
Because of increasing resource prices and thus, higher export profits, resource abundant countries become more and more constrained in implementing a sustainable resource management which realizes two main objectives: The development of competitive non-oil industries and the reduction of...
Persistent link: https://www.econbiz.de/10015218002
“Vertrauen ist der Anfang von allem” (“trust is the beginning of everything”)- A large bank seemed to be aware of the importance of trust within financial markets when it started the marketing campaign in 1995. Almost fifteen years later banks all over the world trust nearly nobody and...
Persistent link: https://www.econbiz.de/10015220211
Recent proposals for a still missing European deposit insurance scheme (EDIS) argue in favor of a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank default to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more...
Persistent link: https://www.econbiz.de/10014287298
Dieser Artikel untersucht, ob die Finanzkrise zu einer nachhaltigen Veränderung der sektoralen und geografischen Spezialisierung Deutschlands im Handel mit forschungsintensiven Gütern geführt hat. Dazu werden im ersten Teil sektorale Spezialisierungsindikatoren für Deutschland, die USA,...
Persistent link: https://www.econbiz.de/10010377984