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DIW Economic Bulletin 4 / 2011
Excessive speculation on asset markets can cause significant macroeconomic losses in terms of production and employment. Such developments should be detected as early and as reliably as possible in order to enable corrective action through adequate economic policy measures. This is the goal of the early warning system, which was developed by DIW Berlin on behalf of the Federal Ministry of Finance for ...
2011| Christian Dreger, Konstantin A. Kholodilin
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DIW Economic Bulletin 4 / 2011
2011
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Diskussionspapiere 1142 / 2011
In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1- 2010:Q2. These chronologies are obtained using a combination of a fundamental and a filter approaches. The resulting speculative bubble chronology is the one that provides the highest concordance between these two techniques. In addition, we suggest an early warning ...
2011| Christian Dreger, Konstantin A. Kholodilin
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SOEPpapers 368 / 2011
Little is known about how far young adults move when they leave their parental home initially. We addressed this question using data from ten waves (2000 - 2009) of the German Socioeconomic Panel Study on spatial distances calculated by the geo-coordinates of residential moves (N = 1,425). Linear regression models predicted young adults· moving distance by factors at the individual, family, household, ...
2011| Thomas Leopold, Ferdinand Geißler, Sebastian Pink
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Diskussionspapiere 1111 / 2011
The very first minimum wage in Germany was introduced in 1997 for blue-collar workers in sub-sectors of the construction industry. In the setting of a natural experiment blue-collar workers in neighboring 4-digit-industries and white-collar workers are used as control groups for differences-in-differences-in-differences estimation based on linked employer-employee data. Estimation results reveal a ...
2011| Pia Rattenhuber
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Externe Monographien
Frankfurt / Oder:
Europa-Univers. Viadrina,
2010,
25 S.
(Discussion Paper / European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics ; 290)
| Christian Dreger, Yanqun Zhang
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Diskussionspapiere 1086 / 2010
Recent global peer-review reports have concluded on importance of buildings in tacking the energy security and climate change challenges. To integrate the buildings energy efficiency into the policy agenda, significant research efforts have been recently done. More specifically, the public domain provides a bulk of literature on the application of buildings-related efficiency technologies and behavioural ...
2010| Aleksandra Novikova
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Diskussionspapiere 1081 / 2010
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a dataset for 35 major cities. Cointegration ...
2010| Christian Dreger, Yanqun Zhang
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Refereed essays Web of Science
In this study, we suggest an explanation for the low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over the period 1975-2005. We show that the long-run development of housing markets is determined by real disposable percapita income, the real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...
In:
Jahrbücher für Nationalökonomie und Statistik
230 (2010), 1, S.59-76
| Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs
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Weekly Report 6 / 2010
The sharp slump of the German economy has left its mark on the building sector. Commercial construction has been especially affected by the significant decline in companies' propensity to invest - triggered by the macroeconomic downturn. However, due to the stable development of real wages and the overall labour market as well as targeted supporting programmes, the recession has more or less bypassed ...
2010| Martin Gornig, Sebastian Weber