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Topic Business Cycles

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996 results, from 31
  • Refereed essays Web of Science

    Insolvency Regimes and Cross-Border Investment Decisions

    This paper investigates the effect of insolvency regulation reforms on cross-border debt and equity investments at aggregate and sectoral levels. Using disaggregated data from the ECB’s Securities Holdings Statistics by Sector (SHSS) database and the OECD indicators on efficiency of insolvency regulations, we find that investors increase their debt and equity holdings in the countries that undertook ...

    In: Journal of International Money and Finance 131 (2023), 102795, 24 S. | Tatsiana Kliatskova, Loïc Baptiste Savatier, Michael Schmidt
  • DIW Weekly Report 1/2 / 2023

    Construction Boom Coming to an End; Change in Policy Strategy Needed

    Following the construction boom of recent years in Germany, inflation and supply bottlenecks hit the industry hard in 2022. While nominal construction volume increased by nearly 14 percent, it decreased by two percent when adjusted for inflation. Residential construction, which is urgently needed, was particularly affected. In 2023 and 2024, it is expected that investors will show restraint and that ...

    2023| Martin Gornig, Laura Pagenhardt
  • Refereed essays Web of Science

    Crisis Stress for the Diversity of Financial Portfolios - Evidence from European Households

    In this paper, we investigate how European households changed the diversity of their financial portfolios in response to the Great Financial and the subsequent European Debt Crisis. For this purpose we apply a Difference-in-Differences (DiD) approach estimated as a correlated random effects (CRE) model to six waves of the Survey of Health, Ageing and Retirement in Europe (SHARE). We find that households ...

    In: International Review of Economics and Finance 83 (2023), S. 330-347 | Dorothea Schäfer, Andreas Stephan, Henriette Weser
  • Refereed essays Web of Science

    A Lasting Crisis Affects R&D Decisions of Smaller Firms: The Greek Experience

    We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...

    In: The Journal of Technology Transfer 48 (2023), 4, S. 1161–1175 | Ioannis Giotopoulos, Alexander S. Kritikos, Aggelos Tsakanikas
  • Externe Monographien

    Climate Change and Monetary Policy: Risks, Instruments, and Chances: In-Depth Analysis ; Requested by the ECON Committee

    Rising inflation complicates the alignment of the ECB’s policies with the Paris Agreement. This paper provides novel evidence for inflationary pressures arising from natural disasters. We then discuss the effectiveness of monetary instruments to boost a green transition, concluding that the scope of policy measures used thus far is limited. As additional measures, we advise active rebalancing of the ...

    Bruxelles: European Parliament, 2023, 23 S.
    (Monetary Dialogue Papers ; November 2023)
    | Sonja Dobkowitz, Pia Hüttl, Alexander Kriwoluzky, Jana Wittich
  • Refereed essays Web of Science

    The Long Reach of Class Origin on Financial Investments and Net Worth

    In this study, we argue that parents’ class position may influence the type and timing of their offspring's investments in financial assets. These investments may facilitate net worth accumulation beyond direct transfers, contributing to the intergenerational reproduction of social positions. We test these expectations using retrospective life history and prospective panel data for 14 countries from ...

    In: Acta Sociologica 66 (2023), 2, S. 210-230 | Philipp M. Lersch, Olaf Groh-Samberg
  • Refereed essays Web of Science

    Viral Shocks to the World Economy

    We construct a global index of epidemic news based on text analysis of newspapers from 17 countries. We apply the index to study the economic consequences of epidemics on the world economy in structural vector autoregressions. Epidemic shocks exert significantly and persistently negative effects on output and prices that last for up to two years. There is no quick recovery and no overshooting. The ...

    In: European Economic Review 158 (2023), 104526, 15 S. | Konstantin A. Kholodilin, Malte Rieth
  • DIW Weekly Report 24 / 2023

    DIW Economic Outlook: German Economy Fighting Its Way out of Winter Recession

    The German economy has returned to a recovery course following a slight recession over the winter. Although the war in Ukraine, record inflation, and feared gas shortages have taken their toll on the German economy, a drastic slump failed to materialize. The German economy remained relatively unscathed, only experiencing a slight recession over the past six months; in the final quarter of 2022 and ...

    2023| Timm Bönke, Geraldine Dany-Knedlik, Guido Baldi, Hella Engerer, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Theresa Neef, Laura Pagenhardt, Werner Roeger, Marie Rulliere, Jan-Christopher Scherer, Teresa Schildmann, Ruben Staffa, Kristin Trautmann, Jana Wittich
  • Refereed essays Web of Science

    Inequality over the Business Cycle: The Role of Distributive Shocks

    This paper examines how wealth and income inequality dynamics are related to fluctuations in the functional income distribution over the business cycle. In a panel estimation for OECD countries between 1970 and 2016, although inequality is, on average countercyclical and significantly associated with the capital share, one-third of the countries display a pro- or noncyclical relationship. To analyze ...

    In: Macroeconomic Dynamics 27 (2023), 3, S. 571-600 | Marius Clemens, Ulrich Eydam, Maik Heinemann
  • Other refereed essays

    Digitalisation and Modernity of Capital Stock in Europe

    In: Intereconomics 58 (2023), 5, S. 260-266 | Heike Belitz, Martin Gornig
996 results, from 31
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