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Globalization has effected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...
Persistent link: https://www.econbiz.de/10012991325
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10012991271
' activities is associated with an increase in firm-level employment volatility. We use a firm-level dataset for Germany which … that are active in Germany. We decompose the volatility of firms into their reaction and their exposure to aggregate …
Persistent link: https://www.econbiz.de/10012991135
From a theoretical point of view, greater trade openness affects firm-level volatility by …
Persistent link: https://www.econbiz.de/10012991165
In this paper we investigate the volatility structure of the German stock marketDieses Arbeitspapier analysiert …
Persistent link: https://www.econbiz.de/10012991178
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Moderation? can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …
Persistent link: https://www.econbiz.de/10012991121
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following...
Persistent link: https://www.econbiz.de/10012991151