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Expansionary and contractionary technology improvements : conference paper

Balleer, Almut; Enders, Zeno - 2013 - Preliminary and incomplete

This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor … inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs … productivity and production inputs. In addition, these shocks trigger different reactions of certain variables, which can help …

Persistent link: https://www.econbiz.de/10010336790

News about aggregate demand and the business cycle : conference paper

Guo, Jang-ting; Sirbu, Anca-Ioana; Weder, Mark - 2014

-separable preferences or investment adjustment costs. When the economy is subject to anticipated total factor productivity or investment …

Persistent link: https://www.econbiz.de/10010480670

The macroeconomic effects of monetary policy : a new measure for the United Kingdom ; conference paper

Cloyne, James; Hürtgen, Patrick - 2014

This paper estimates the effects of monetary policy on the UK economy based on a new, extensive real-time forecast data set. Employing the Romer Romer identification approach we first construct a new measure of monetary policy innovations for the UK economy. We find that a one percentage point...

Persistent link: https://www.econbiz.de/10010481311

Cyclical asset returns in the consumption and investment goods sector : conference paper

Heer, Burkhard; Maußner, Alfred; Süssmuth, Bernd - 2014

We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost identically in the US economy. In order to derive the cyclical behavior of the equity returns in these two sectors, we onsider a standard two-sector real-business cycle model with...

Persistent link: https://www.econbiz.de/10010482490

Growth expectations, undue optimism, and short-run fluctuations : conference paper

Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2013 - Preliminary and incomplete

Expectations matter for economic activity. To the extent that they are fundamentally unwarranted, they represent "undue optimism or pessimism" (Pigou, 1927). In this paper, we identify empirically the effect of undue optimism/pessism ("optimism shocks") on economic activity. In a first step, we...

Persistent link: https://www.econbiz.de/10010342128

Does short-time work save jobs? : a business cycle analysis ; conference paper

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

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 short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...

Persistent link: https://www.econbiz.de/10010344643

Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper

Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014

According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...

Persistent link: https://www.econbiz.de/10010489277

Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper

Snell, Andy; Stüber, Heiko - 2014

Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....

Persistent link: https://www.econbiz.de/10010490623

In-house R&D and external knowledge acquisition : what makes Chinese firms productive? ; conference paper

Boeing, Philipp; Müller, Elisabeth; Sandner, Philipp - 2013

This paper analyses the influence of in-house R&D and external knowledge acquisition on the total factor productivity …

Persistent link: https://www.econbiz.de/10010337198

Firm performance and trade with low-income countries : evidence from China ; conference paper

Schmerer, Hans-Jörg; Wang, Luhang - 2014

- and high-income destinations is associated with a higher productivity compared to the average productivity measured by …

Persistent link: https://www.econbiz.de/10010487272

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