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productivity and wage growth are higher for newly founded MNEs than for national rms. Employment growth is superior before …
Persistent link: https://www.econbiz.de/10010295791
The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non … the pronounced worsening of total factor productivity. The paper is rounded out by estimates of some measures of wage …
Persistent link: https://www.econbiz.de/10010295797
The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such...
Persistent link: https://www.econbiz.de/10010300735
In this paper, we investigate the ability of a modified RBC model to reproduce asymmetries observed for macroeconomic variables over the business cycle. In order to replicate the empirical skewness of major U.S. macroeconomic variables, we introduce a capacity constraint into an otherwise...
Persistent link: https://www.econbiz.de/10010295873
patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity … allows us to compare productivity over the entire distribution. Our results show robust support for the prediction from …
Persistent link: https://www.econbiz.de/10010295792
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based …Dieses Papier bietet einen umfassenden Vergleich zwischen den Strukturen der Banksysteme und Finanzmärkte im Eurogebiet … für die USA diesbezüglich vermuteten Gegebenheiten gelten wahrscheinlich nicht für Europa. Die ökonometrische Analyse …
Persistent link: https://www.econbiz.de/10010295715
This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR (MF-VAR) approaches to model speci…cation in the presence of mixed-frequency data, e.g., monthly and quarterly series. MIDAS leads to parsimonious models based on exponential lag polynomials for the coe¢ cients,...
Persistent link: https://www.econbiz.de/10010298754
On the basis of accounting and market data for firms and groups listed on German stock exchanges between 1997 and 2003, we show that the value relevance of R&D information under German accounting standards can be superior to that provided by US-GAAP and IAS. The results, obtained while...
Persistent link: https://www.econbiz.de/10010295781
to medium-run development of consumer prices in Germany, France and Italy. Furthermore, the analysis of the process of …-Verbraucherumfrage ermittelten Daten und die von Consensus Economics erhobenen Expertenprognosen für Deutschland, Frankreich und Italien. Die …
Persistent link: https://www.econbiz.de/10010295707
household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain …
Persistent link: https://www.econbiz.de/10010295853