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Goldberg, Linda S.; Krogstrup, Signe - 2018

This paper presents a new measure of capital flow pressures in the form of a recast exchange market pressure index. The measure captures pressures that materialize in actual international capital flows as well as pressures that result in exchange rate adjustments. The formulation is...

Persistent link: https://www.econbiz.de/10011942779

A long-run perspective on the spatial concentration of manufacturing industries in the United States

Crafts, Nicholas F. R.; Klein, Alexander - 2017

We construct spatially-weighted indices of the geographic concentration of U.S. manufacturing industries during the period 1880 to 1997 using data from the Census of Manufactures and Bureau of Labor Statistics. Several important new results emerge from this exercise. First, we find that average...

Persistent link: https://www.econbiz.de/10011943085

Can financial incentives reduce the baby gap? Evidence from a reform in maternity leave benefits

Raute, Anna - 2018

In this paper, I assess whether earnings-dependent maternity leave positively impacts fertility and narrows the baby gap between highly educated (high-earning) and less-educated (low-earning) women. I exploit a major maternity leave benefit reform in Germany that considerably increased the...

Persistent link: https://www.econbiz.de/10012144214

Global trends in interest rates

Del Negro, Marco; Giannone, Domenico; Giannoni, Marc Paolo - 2018

The trend in the world real interest rate for safe and liquid assets fluctuated close to 2 percent for more than a century, but has dropped significantly over the past three decades. This decline has been common among advanced economies, as trends in real interest rates across countries have...

Persistent link: https://www.econbiz.de/10012144709

The imputation of wages above the contribution limit with the German IAB employment sample

Gartner, Hermann - Forschungsdatenzentrum der Bundesagentur für Arbeit, … - 2005

security (A documentation of the data set is found in Bender, Haas, and Klose (2000)). To avoid biased estimation the censored … wages can be imputed with estimated wages. The estimation can be done with a tobit model. The independent variables of the … estimation are for example qualification, region and branch." (Author's abstract, IAB-Doku) ((en …

Persistent link: https://www.econbiz.de/10005706023

Unraveling the complexity of US presidential approval: A multi-dimensional semi-parametric approach

Berlemann, Michael; Enkelmann, Soeren; Kuhlenkasper, Torben - 2012

the previous literature, are likely the consequence of the common use of linear estimation techniques. Employing Penalized …

Persistent link: https://www.econbiz.de/10010308224

Stress testing German banks against a global cost-of-capital shock

Duellmann, Klaus; Kick, Thomas - 2012

This paper introduces a stress test of the corporate credit portfolios of 24 large German banks by a two-stage approach: First, a macro-econometric model is used to forecast the impact of a substantial increase of the user cost of business capital for firms worldwide on three particularly...

Persistent link: https://www.econbiz.de/10010308263

Towards an explanation of cross-country asymmetries in monetary transmission

Georgiadis, Georgios - 2012

I quantify the importance of financial structure, labor market rigidities and industry mix for cross-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained from country-specific vectorautoregressive (VAR) models...

Persistent link: https://www.econbiz.de/10010308266

Executive board composition and bank risk taking

Berger, Allen N.; Kick, Thomas; Schaeck, Klaus - 2012

Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...

Persistent link: https://www.econbiz.de/10010308267

Ein nutzungskostenbasierter Ansatz zur Messung des Faktors Kapital in aggregierten Produktionsfunktionen

Knetsch, Thomas A. - 2012

Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem Nutzungswert im Produktionsprozess gewichtet werden. Dazu werden Nutzungskosten für die einzelnen Anlageklassen mit Hilfe von Daten der Volkswirtschaftlichen Gesamtrechnungen sowie...

Persistent link: https://www.econbiz.de/10010308268