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We investigate whether frictions in US financial markets amplify the international propagation of US financial shocks. The dynamics of the US economy is modeled jointly with global macroeconomic and financial variables using a threshold vector autoregression that allows us to capture...
Persistent link: https://www.econbiz.de/10010493885
framework is a bivariate volatility model, where volatility spillovers of either positive or negative sign are allowed for. Our … over the different stages of the recent crisis. In particular, our results of the return spillovers show that such … spillovers mostly run from stocks to bonds and exhibit a time-varying pattern over all three stages of the crisis in most …
Persistent link: https://www.econbiz.de/10011663407
We study the link between the global financial cycle and macroeconomic tail risks using quantile vector autoregressions. Contractionary shocks to financial conditions and monetary policy in the United States cause elevated downside risks to growth around the world. By tightening financial...
Persistent link: https://www.econbiz.de/10013459721
Persistent link: https://www.econbiz.de/10012172002
In diesem Beitrag wird ein Oligopolmodell der Innovationsaktivität entwickelt und mit Daten aus dem Mannheimer Innovationspanel geschätzt. Das Modell erlaubt es, bei der empirischen Umsetzung auf die Verwendung von Marktanteilsdaten und Nachfrageelastizitäten zu verzichten, die typischerweise...
Persistent link: https://www.econbiz.de/10009408161
Seit der Gründung der Bundesrepublik Deutschland haben verschiedene Megatrends die Entwicklungen auf dem deutschen Arbeitsmarkt maßgeblich beeinflusst. Insbesondere die voranschreitende Globalisierung hat zur weiteren Öffnung der deutschen Volkwirtschaft geführt und den sektoralen...
Persistent link: https://www.econbiz.de/10011984000
the Kaliningrad region, whereas we observe no economic spillovers. Drawing evidence from West German electoral data in the …
Persistent link: https://www.econbiz.de/10012206544
Using a survey with 57 German firms, we evaluate the level of digitalization of the human resource management (HRM) function and document perceived benefits and barriers of technology adoption from organizational and individual users’ perspectives. The results give reason for optimism. Most of...
Persistent link: https://www.econbiz.de/10014476822
We discuss the impacts of the Russian invasion on Ukrainian science. Using newly collected data, we show that the war has already had significant effects on science in Ukraine: research papers produced by Ukrainian scientists declined by about 10%, approximately 5% of the most prolific...
Persistent link: https://www.econbiz.de/10014480994
When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result is quite striking: consumption-led growth - either in...
Persistent link: https://www.econbiz.de/10014551580