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structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely "good luck". …
Persistent link: https://www.econbiz.de/10011475861
A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … openness on a sectoral level. -- R&D intensity ; Innovation ; Real Exchange Rate ; Volatility ; Exports ; OECDCountries …
Persistent link: https://www.econbiz.de/10003864485
Bivariate SVAR models employing long-run identifying restrictions are often used to investigate the source of business cycle fluctuations. Their advantage is the simplicity in use and interpretation. However, their low dimension may also lead to a failure of the identification procedure, with...
Persistent link: https://www.econbiz.de/10011476382
The paper investigates the sources of macroeconomic forecast errors in Germany. The predictions of the so-called "six …
Persistent link: https://www.econbiz.de/10011476550
Diese Anmerkung zeigt, dass das reale Bruttoinlandsprodukt der Bundesrepublik Deutschland einem trendstationären Prozess folgt. Dabei werden sowohl ökonometrische Tests, bei denen die Trendstationarität die Alternativhypothese ist, eingesetzt als auch solche, bei denen sie die Nullhypothese...
Persistent link: https://www.econbiz.de/10011495591
Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to … council ; Germany …
Persistent link: https://www.econbiz.de/10008696819
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/10003929206
We study the forecasting performance of three alternative large scale approaches using a dataset for Germany that …
Persistent link: https://www.econbiz.de/10010357899
This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...
Persistent link: https://www.econbiz.de/10009722505
Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...
Persistent link: https://www.econbiz.de/10011477128