This paper contributes to the empirical literature on the home-country effects of FDI. Instead of comparing FDI firms to non-FDI firms, we look at what happens within multi-plant FDI firms and we compare headquarters to onheadquarter plants belonging to the same firm. Using survey data on...

The negative association between fertility and female labour supply is complicated by the endogeneity of fertility. We address this problem by using an exogenous variation in family size caused by infertility shocks, related to the fact that nature prevents some women from achieving their...

We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high on their locked-in shoppers to maintain short-term profits at the expense of future market shares in times of low demand and vice...

We use information on monthly wage increases set by collective agreements in Italy and exploit their variation across sectors and over time in order to examine how household consumption responds to different types of positive income shocks (regular tranches versus lump-sum payments). Focusing on...

The global financial and economic crisis – including two euro area recessions in 2008-2009 and 2011-2013 – has had a heavy impact on euro area labour markets. A notable feature throughout the crisis has been the considerable degree of cross-country heterogeneity of labour market adjustments...

We use information on monthly wage increases set by collective agreements in Italy and exploit their variation across sectors and over time in order to examine how household consumption responds to different types of positive income shocks (regular tranches versus lump-sum payments). Focusing on...

The paper describes the "Halle Institute for Economic Research (IWH) Forecasting Dashboard (ForDas)". This tool aims at providing, on a non-commercial basis, historical and actual macroeconomic forecast data for the Germany economy to researchers and interested audiences. The database renders it...

Based on monthly data covering the period from 1987 to 2021, we analyse whether cross‐sectional moments of stock market returns may provide information about the future position of the German business cycle. We apply in‐sample forecasting regressions with and without leading indicators as...

Kurse und Konjunkturzyklen: Verursachen Finanzmarktvolatilitäten Schwankungen der realwirtschaftlichen Aktivität? Dieser Beitrag analysiert den Zusammenhang zwischen Finanzmarktvolatilität und realer ökonomischer Aktivität. Unter Verwendung von Monatsdaten für die Bundesrepublik...