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Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013236401
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores … investment costs. It is significant and negatively signed, implying complementarity between investment and hiring. There is a … the investment part of the model is poor if hiring is left out completely or is introduced without the interaction between …
Persistent link: https://www.econbiz.de/10013104684
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the …
Persistent link: https://www.econbiz.de/10013139060
Deutschland wird von Teilen der Wissenschaft, der Politik und in der Öffentlichkeit Investitionsschwäche attestiert …. Doch tatsächlich trifft dies nicht auf alle Bereiche der Investitionsentwicklung in Deutschland zu. Die Autoren arbeiten …Widely independent from the specific economic structure of a country, investment is indispensable for economic …
Persistent link: https://www.econbiz.de/10010475289
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10012995588
Sowohl in den USA als auch in Großbritannien ist in naher Zukunft mit einer Zinswende zu rechnen. Die Länder des … internationalen Übertragung der geldpolitischen Impulse dar und quantifizieren die Effekte einer Anhebung der Zinsen in den USA und in …
Persistent link: https://www.econbiz.de/10010490138
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