Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10010198611
Persistent link: https://www.econbiz.de/10003880738
Persistent link: https://www.econbiz.de/10011483126
Persistent link: https://www.econbiz.de/10011483622
Persistent link: https://www.econbiz.de/10011484418
Persistent link: https://www.econbiz.de/10011413200
Persistent link: https://www.econbiz.de/10003752608
What is the impact of time-varying business uncertainty on economic activity? Using partly confidential business survey data from the U.S. and Germany in structural VARs, we find that positive innovations to business uncertainty lead to prolonged declines in economic activity. In contrast, their...
Persistent link: https://www.econbiz.de/10012462513
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …. Trust and the Rule of Law appear to facilitate delegation by improving co-operation, even when we examine "bilateral trust …" between the country of origin and location for affiliates of multinational firms. We show that areas with higher trust and …
Persistent link: https://www.econbiz.de/10012463521
We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence. The expectations of optimistic agents are biased toward good outcomes, while overconfident agents overestimate the precision of the signals that they receive....
Persistent link: https://www.econbiz.de/10012466092