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Referierte Aufsätze Web of Science
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of banks has risen sharply, especially among banks in the euro area. Our results suggest that expansionary monetary policy in the source countries – as measured by the ...
In:
Journal of International Money and Finance
52 (2015), 32-59
| Franziska Bremus, Marcel Fratzscher
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Referierte Aufsätze Web of Science
The topic of rising income inequality does not only gain in relevance since the two prominent reports by the OECD (Growing unequal? Income Distribution and Poverty in OECD Countries, Paris 2008; Divided we stand—Why inequality keeps rising, Paris 2011) but rather since the financial crisis. So far there is only scarce empirical evidence–besides a rather broad literature dealing with the US–about the ...
In:
Empirica
42 (2015), 2, S. 371-390
| Markus M. Grabka
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Referierte Aufsätze Web of Science
The use of log-transformed data has become standard in macroeconomic forecasting with VAR models. However, its appropriateness in the context of out-of-sample forecasts has not yet been exposed to a thorough empirical investigation. With the aim of filling this void, a broad sample of VAR models is employed in a multi-country set up and approximately 42 million pseudo-out-of-sample forecasts of GDP ...
In:
Economics Letters
126 (2015), S. 40-42
| Johannes Mayr, Dirk Ulbricht
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Referierte Aufsätze Web of Science
Despite numerous studies on skill development, we know little about the effects of extracurricular music activities on cognitive and non-cognitive skills. This study examines how music training during childhood and youth affects the development of cognitive skills, school grades, personality, time use and ambition using data from the German Socio-Economic Panel (SOEP). Our findings suggest that adolescents ...
In:
Economics of Education Review
44 (2015), S. 56–82
| Adrian Hille, Jürgen Schupp
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Referierte Aufsätze Web of Science
Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market structures and macroeconomic stability in the longer term. In this study, I theoretically and empirically analyze how different modes of cross-border banking impact bank concentration and market power. I use a two-country general equilibrium model with heterogeneous banks developed ...
In:
Journal of Banking & Finance
50 (2015), S. 242-259
| Franziska M. Bremus
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Referierte Aufsätze Web of Science
This paper deals with the question of whether the capability of car drivers to estimate the cost of a new hypothetical, highly differentiated congestion charge influences their decision to change travel behaviour. The analysis makes use of an integrated choice and latent variable model (ICLV) which merges classic choice models with the structural equation approach (SEM) for latent variables. This hybrid ...
In:
Transportation Research Part A: Policy and Practice
71 (2015), S. 96-109
| Heike Link
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Referierte Aufsätze Web of Science
We study how international migration changes the private transfers made between households in the migrant sending communities of developing countries. A priori, it is indeterminate whether migration and remittances strengthen or weaken the degree of private transfers in these communities. From a policy perspective, public income redistribution programs would have an important role to play if migration ...
In:
Journal of Comparative Economics
43 (2015), S. 690-705
| Tanika Chakraborty, Bakhrom Mirkasimov, Susan Steiner
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Referierte Aufsätze Web of Science
The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that could happen through consolidation. Focusing on a hypothetical restructuring of the industry, we use a cross-section sample of 364 German water utilities in 2006, applying Data Envelopment Analysis, to analyze the potential efficiency gains from hypothetical mergers between water utilities ...
In:
Journal of Productivity Analysis
44 (2015), 1, S. 97-114
| Michael Zschille
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Referierte Aufsätze Web of Science
Adequate extension of electricity transmission networks is required for integrating fluctuating renewable energy sources, such as wind power, into electricity systems. We study the performance of different regulatory approaches for network expansion in the context of realistic demand patterns and fluctuating wind power. In particular, we are interested in the relative performance of a combined merchant-regulatory ...
In:
Journal of Regulatory Economics
47 (2015) 1, S. 1-28
| Wolf-Peter Schill, Jonas Egerer, Juan Rosellón
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Referierte Aufsätze Web of Science
Pricing and selling strategies in the retail sector are hotly debated in policy circles. This article analyses the impact of sales below cost on the negotiation outcomes in intermediate goods markets. Assuming that consumers have a sufficiently strong preference for one-stop shopping, we model below-cost pricing as the result of a profit-maximising cross-subsidisation strategy of a multi-product retailer. ...
In:
European Review of Agricultural Economics
42 (2015), 2, S. 269-286
| Vanessa von Schlippenbach