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Has the "Swiss interest rate anomaly" persisted after the financial crisis? Regarding the hypothesis that the Swiss interest rate anomaly results from systemic risk anticipation, we discuss whether Switzerland remains an interest rate island in the wake of the financial crisis. We find evidence...
Persistent link: https://www.econbiz.de/10011392550
A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...
Persistent link: https://www.econbiz.de/10011400913
Persistent link: https://www.econbiz.de/10003496561
within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …
Persistent link: https://www.econbiz.de/10011872942
panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …
Persistent link: https://www.econbiz.de/10012291866
proportional tax. DIT systems were introduced in Sweden, Norway, and Finland in the early 1990s. In the absence of rules … review the principles of the income splitting rules of Sweden, Norway, and Finland. I then discuss some of the trade …
Persistent link: https://www.econbiz.de/10015145418
Denmark has drawn much attention for its active labor market policies, but is almost unique in offering a voluntary …
Persistent link: https://www.econbiz.de/10010475335
Voluntary public unemployment systems are limited to a handful of countries, including Finland, Sweden, and, more … substantially, Denmark. A voluntary system has the positive feature of other user-cost schemes, potentially efficient targeting of …
Persistent link: https://www.econbiz.de/10011509374
spread of COVID-19 at the onset of the pandemic: While Denmark, Finland and Norway imposed strict measures (‘lockdowns …
Persistent link: https://www.econbiz.de/10012258526
The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection, which explains the decisions by business enterprises...
Persistent link: https://www.econbiz.de/10011449855