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European market integration for gas? : volume flexibility and political risk

Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2000

Gas exports to the Continent are regulated by long term take-or-pay contracts. The contracts are described and analyzed. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there substantial price differences between gas from different export...

Persistent link: https://www.econbiz.de/10009781639

Why Germany's "gas price brake" encourages moral hazard and raises gas prices

Dertwinkel-Kalt, Markus; Wey, Christian - 2022

To help German households and firms with exploding energy costs, the German government is about to implement a new transfer scheme called "gas price brake." A unique feature of this energy price relief measure is that both households and the industry receive a transfer that increases in one's...

Persistent link: https://www.econbiz.de/10013473667

Firms' optimism and pessimism

Bachmann, Ruediger; Elstner, Steffen - 2013

West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …

Persistent link: https://www.econbiz.de/10009724017

Great moderation at the firm level? : unconditional vs. conditional Output volatility

Buch, Claudia M. (contributor); Döpke, Jörg (contributor); … - 2008

Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...

Persistent link: https://www.econbiz.de/10003720335

Heavyweights - the impact of large businesses on productivity growth

Falck, Oliver (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623797

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Inequality and the state : comparing U.S. and German preferences

Corneo, Giacomo - 2000

Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards political redistribution in each country. In West Germany the homo oeconomicus effect , the social rivalry effect and the public values effect simultaneously retain an...

Persistent link: https://www.econbiz.de/10009780207

Unemployment in the United States and in Europe : a contrast and the reasons

Solow, Robert - 2000

Persistent link: https://www.econbiz.de/10009781501

Currency traders and exchange rate dynamics : a survey of the U.S. market

Cheung, Yin-Wong; Chinn, Menzie David - 2000

We report findings from a survey of United States foreign exchange traders. Our results indicate that: (i) in recent years electronically-brokered transactions have risen substantially, mostly at the expense of traditional brokers; (ii) the market norm is an important det e rminant of interbank...

Persistent link: https://www.econbiz.de/10009781525

Real wages and business cycle asymmetries : presented at CESifo conference "Academic Use of ifo Survey Data", December 2003

Woitek, Ulrich - 2004

The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...

Persistent link: https://www.econbiz.de/10011449261