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The impact of public employment : evidence from Bonn
Becker, Sascha O.; Heblich, Stephan; Sturm, Daniel - 2018
This paper evaluates the impact of public employment on private sector activity using the relocation of the German federal government from Berlin to Bonn in the wake of the Second World War as a source of exogenous variation. To guide our empirical analysis, we develop a simple economic...
Persistent link: https://www.econbiz.de/10011782110
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Culture and institutions : economic development in the regions of Europe
Tabellini, Guido Enrico (contributor) - 2005
Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … level. The exogenous component of culture due to history is strongly correlated with current regional economic development …
Persistent link: https://www.econbiz.de/10003110530
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Does culture cause economic development? : a reassessment of the evidence from European regions
Edwards, Jeremy S. S. - 2012
This paper shows that Tabellini's recent claim to have provided evidence that culture has a causal effect on economic … to support any conclusions about the effect of culture on economic development. -- culture ; economic development …
Persistent link: https://www.econbiz.de/10009683222
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Same same but different : dialects and trade
Lameli, Alfred; Nitsch, Volker; Südekum, Jens; Wolf, … - 2013
finding as evidence for the effect of culture on trade. -- language ; culture ; trade costs ; gravity …
Persistent link: https://www.econbiz.de/10009743772
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Individualism, human capital formation, and labor market success
Hartinger, Katharina; Resnjanskij, Sven; Ruhose, Jens; … - 2021
There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better educational and labor market outcomes. Using data from the largest international adult skill assessment, we identify the effects of individualism by exploiting variation...
Persistent link: https://www.econbiz.de/10012668026
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The Euro-Dollar exchange rate : is it fundamental?
Camarero Olivas, Mariam; Ordóñez, Javier; Tamarit … - 2002
In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus seven developed countries, four of them...
Persistent link: https://www.econbiz.de/10011538958
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The European Central Bank's QE : a new hope
Wieladek, Tomasz; Garcia Pascual, Antonio - 2016
We examine the impact of the ECB's QE on Euro Area real GDP and core CPI with a Bayesian VAR, estimated on monthly data from 2012M6 to 2016M4. We assess the total impact via a counter-factual exercise, country-by-country and through alternative transmission channels. QE anouncement shocks are...
Persistent link: https://www.econbiz.de/10011488021
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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession …
Persistent link: https://www.econbiz.de/10011506491
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Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate
Jansen, David-Jan; Haan, Jakob de - 2003
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We find that the Bundesbank has dominated the news...
Persistent link: https://www.econbiz.de/10011507830
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Output smoothing in EMU and OECD : can we forego government contribution? : a risk sharing approach
Marinheiro, Carlos Fonseca - 2003
countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to be considerable differences …
Persistent link: https://www.econbiz.de/10011509508