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416 results, from 371
  • Diskussionspapiere 860 / 2009

    Liquidity and Asset Prices: How Strong Are the Linkages?

    The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

    2009| Christian Dreger, Jürgen Wolters
  • FINESS Working Papers 7.4 / 2009

    Monetary Policy Transmission and House Prices: European Cross Country Evidence

    This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary policy shock. We split our sample of countries into two disjoint groups according to the impact of the monetary ...

    2009| Kai Carstensen, Oliver Hülsewig, Timo Wollmershäuser
  • Weekly Report 21 / 2009

    Quality Standards for Fruits and Vegetables: Help or Hindrance for Rural Development?

    Horticulture has developed into one of the most dynamic agricultural sectors in the world. The cultivation of fruits and vegetables has significant potential for increasing agricultural income and reducing rural poverty, particularly in developing and emerging countries. However, it appears that the growing consolidation in the retail sector has shifted power relations along the value-added chain away ...

    2009| Vanessa von Schlippenbach, Isabel Teichmann
  • Diskussionspapiere 778 / 2008

    Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

    This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and inequality in the four countries correspond ...

    2008| Alena Bicakova, Eva Sierminska
  • Diskussionspapiere 809 / 2008

    Green, Brown, and Now White Certificates: Are Three One Too Many? A Micromodel of Market Interaction

    Our paper deals with modeling the effects of introducing a market-based tool for improving end-users' efficiency in an energy market which is already regulated through a cap-and-trade system for green house gas emissions and a quota system meant to improve competitiveness of energy produced using renewable resources. Our results show that the regulation of energy demand achieves its underlying objects ...

    2008| Georg Meran, Nadine Wittmann
  • Weitere externe Aufsätze

    Market Integration and the Competitive Effects of Mergers

    In: Ulrich Blum, Christian Wey, Klaus F. Zimmermann (Eds.) , Globalization and Competition
    Berlin : Duncker & Humblot
    S. 27-48
    Applied Economics Quarterly Supplement : Beihefte der Konjunkturpolitik ; 59
    | Pio Baake, Christian Wey
  • Diskussionspapiere 823 / 2008

    Perspectives of the European Natural Gas Markets until 2025

    We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic severallayer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European country (or region), and final demand. Our model results suggest rather modest changes in the overall supply situation ...

    2008| Franziska Holz, Christian von Hirschhausen, Claudia Kemfert
  • Externe Monographien

    The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices

    Cambridge: University of Cambridge, 2008, 20 S.
    (Cambridge Working Papers in Economics ; 0853)
    | Jörg Döpke, Michael Funke, Sean Holly, Sebastian Weber
  • Diskussionspapiere 758 / 2007

    What Drives Housing Prices Down? Evidence from an International Panel

    In this study, we suggest an explanation for the alarmingly low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over 1975-2005. We show that the long-run development of housing markets is determined by real disposable per capita income, real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...

    2007| Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs
  • Refereed essays Web of Science

    Buyer Power and Supplier Incentives

    This paper analyzes the origins and welfare consequences of buyer power. We show that if suppliers are capacity constrained or have strictly convex costs, there are two different channels through which large buyers can obtain more favorable terms from their suppliers. In particular, we show how the presence of large buyers can then erode the value of suppliers' outside option. Somewhat surprisingly, ...

    In: European Economic Review 51 (2007), 3, S. 647-667 | Roman Inderst, Christian Wey
416 results, from 371
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