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New insights into the development of regional unemployment disparities : conference paper

Werner, Daniel - 2014 - This version: 27th February 2014, Preliminary

over time. It examines the hypothesis of convergence for regional unemployment rates of western German Federal States and … the time period 1968 to 2009 following different concepts of convergence. Western German regional unemployment rates … exhibit beta-convergence but no sigma-convergence. Further, regional unemployment rates show a high degree of intra …

Persistent link: https://www.econbiz.de/10010484764

Materialy Krymskogo regionalʹnogo finansovo - investicionnogo foruma "Problemy modelirovanija finansovo-investicionnoj strategii razvitija ėkonomiki regionov" (KRFIF-2016) 7-10 sen...

Krymskij regionalʹnij finansovo - investicionnij forum …; … - 2016

Persistent link: https://www.econbiz.de/10011567965

Euro membership and fiscal reaction functions : conference paper

Weichenrieder, Alfons J.; Zimmer, Jochen - 2013

Using fiscal reaction functions for a panel of actual euro-area countries the paper investigates whether euro membership has reduced the responsiveness of countries to increases in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for...

Persistent link: https://www.econbiz.de/10010336749

Fiscal stimulus and the extensive margin : conference paper

Lewis, Vivien; Winkler, Roland - 2013

Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining these two phenomena simultaneously. Considering different...

Persistent link: https://www.econbiz.de/10010339394

Fiscal divergence and current account imbalances in Europe : conference paper

Schnabl, Gunther; Wollmershäuser, Timo - 2013

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...

Persistent link: https://www.econbiz.de/10010339881

"Haircuts" for the EMU periphery : virtue or vice? ; conference paper

Neck, Reinhard; Blüschke, Dmitri - 2013 - Preliminary version

We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...

Persistent link: https://www.econbiz.de/10010340564

Sovereign bond market reactions to fiscal rules and no-bailout clauses : the Swiss experience ; conference paper

Feld, Lars P.; Kalb, Alexander; Moessinger, Marc-Daniel; … - 2013 - This version: March 2013

We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we make use of financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on...

Persistent link: https://www.econbiz.de/10010340959

Imperfect financial markets, external debt, and the cyclicality of social transfers : conference paper

Frömel, Maren - 2013 - Preliminary

This paper deals with fiscal policy over the business cycle when international financial markets are imperfect. I document evidence that government expenditure tends to be more procyclical the higher is the borrowing cost for a sovereign. Decomposing government expenditure components shows that...

Persistent link: https://www.econbiz.de/10010341002

Do public investments increase employment in a recession? : evidence from Germany ; conference paper

Buchheim, Lukas; Watzinger, Martin - 2013

In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit exogenous cross-sectional variation to identify the...

Persistent link: https://www.econbiz.de/10010341046

Sovereign default risk premia and state-dependent twin deficits : conference paper

Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013

This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...

Persistent link: https://www.econbiz.de/10010341080