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and Germany to condition the relationship between real wages and business fluctuations on the phase of the cycle, it is … general, the evidence for countercyclical wages is stronger in Germany than for the US, but taken together there is no clear …
Persistent link: https://www.econbiz.de/10011449261
We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the future. The probability to raise (lower) production is...
Persistent link: https://www.econbiz.de/10012001909
In the monthly ifo Business Survey around 9,000 German companies answer questions about their current business situation, expectations and plans for the near future as well as on other business variables. This paper provides an overview of all regular questions (monthly, quarterly, bi-annually,...
Persistent link: https://www.econbiz.de/10013170991
This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data … these three variables from their common trend signal changes in asset prices, we find that for Germany they predict changes … Germany than in the Anglo-Saxon economies and the share of publicly traded equity in household wealth is much smaller in …
Persistent link: https://www.econbiz.de/10002756342
Germany. The new data set will regularly be updated when quarterly economic growth for Germany becomes available. We use the …
Persistent link: https://www.econbiz.de/10013549105
Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...
Persistent link: https://www.econbiz.de/10003898815
firm level analysis for which we exploit a unique microeconomic data set for Germany. Inspired by this finding, we … subsequent recession in Germany even though it was by far not the main driver. -- oil price shock ; VAR model ; micro data …
Persistent link: https://www.econbiz.de/10009010510
We review the labor market implications of recent real-business-cycle models that successfully replicate the empirical equity premium. We document the fact that all models considered in this survey with the exception of Boldrin, Christiano, and Fisher (2001) imply a negative correlation of...
Persistent link: https://www.econbiz.de/10009011127
lack of real-time microdata. This paper studies the distributional and fiscal implications of output changes in Germany …
Persistent link: https://www.econbiz.de/10009011947
component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro …
Persistent link: https://www.econbiz.de/10010249718