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Marin, Dalia; Verdier, Thierry - Volkswirtschaftliche Fakultät, … - 2002

Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More...

Persistent link: https://www.econbiz.de/10005187271

Ownership, Capital or Outsourcing: What Drives German Investment to Eastern Europe?

Marin, Dalia; Lorentowicz, Andzelika; Raubold, Alexander - Volkswirtschaftliche Fakultät, … - 2002

The paper takes a first look at the host and home country effects of German FDI in Eastern Europe (EE) based on new survey data of 1050 investment projects in EE by 420 German multinationals during the 1990s. We find that German investors transfer a substantial amount of financial capital to EE....

Persistent link: https://www.econbiz.de/10005187276

Vermögenspreise und Konsum

Illing, Gerhard; Klüh, Ulrich - Volkswirtschaftliche Fakultät, … - 2004

europäische Geldpolitik in der näheren Zukunft ergeben. …

Persistent link: https://www.econbiz.de/10005649821

A Case Where Barro Expectations Are Not Rational

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2012

This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily...

Persistent link: https://www.econbiz.de/10009493831

Unexpected Consequences of Ricardian Expectations

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2013

Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...

Persistent link: https://www.econbiz.de/10011210873

Unexpected Consequences of Ricardian Expectations - Erratum

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2013

This note identifies a severe mistake in my article “Unexpected Consequences of Ricardian Expectations” that appeard in this journal in the July 2013 issue.

Persistent link: https://www.econbiz.de/10011210881

Unexpected Consequences of Ricardian Expectations

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2012

Persistent link: https://www.econbiz.de/10011210888

Liquidity Shortages and Monetary Policy

Illing, Gerhard; Cao, Jin - Volkswirtschaftliche Fakultät, … - 2007

the absence of central bank intervention, the incentive of financial intermediaries to free ride on liquidity in good … states may result in excessively low liquidity in bad states. In the prevailing mixed-strategy equilibrium, depositors are … worse off than if banks would coordinate on more liquid investment. It is shown that public provision of liquidity improves …

Persistent link: https://www.econbiz.de/10005187289

Central Bank's Action and Communication

Baeriswyl, Romain - Volkswirtschaftliche Fakultät, … - 2007

This paper contributes to the ongoing debate about the welfare effect of public information. In an environment characterized by imperfect common knowledge and strategic complementarities, Morris and Shin (2002)argue that noisy public information may be detrimental to welfare because public...

Persistent link: https://www.econbiz.de/10005187307

Can Opacity of a Credible Central Bank Explain Excessive Inflation?

Baeriswyl, Romain; Cornand, Camille - Volkswirtschaftliche Fakultät, … - 2007

Excessive inflation is usually attributed to the lack of central bank’s credibility. In this context, most of the literature considers transparency a means to establish central bank’s credibility. The contribution of this paper is twofold. First, it shows that, even in the absence of...

Persistent link: https://www.econbiz.de/10005187336