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Externe Monographien
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
Essen:
RWI,
2013,
26 S.
(Ruhr Economic Papers ; 448)
| Ansgar Belke, Christian Dreger
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Diskussionspapiere 1332 / 2013
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
2013| Ansgar Belke, Christian Dreger
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Externe Monographien
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
Frankfurt / Oder:
Europa-Universität Viadrina,
2013,
17 S.
(Discussion Paper / European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics ; 343)
| Christian Dreger, Tongsan Wang, Yanqun Zhang
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Externe referierte Aufsätze
This paper empirically investigates the effects of changes in the interest rate as well as in the current and expected future consumer price levels on households' consumption-savings decision. In a structural demand model applied to German consumption data, we use cross-sectional and longitudinal variation in prices and tax rates to construct individual after-tax interest rates and cluster-specific ...
In:
Empirical Economics
45 (2013), 1, S. 371-399
| Martin Beznoska, Richard Ochmann
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SOEPpapers 462 / 2012
We estimate the size of inheritance and gift flows in Germany for selected years over the last century, applying the methodology used by Piketty (2011) for France and combining national accounts, tax statistics and survey data (mainly the German Socio-Economic Panel, SOEP). The data clearly supports the finding of a U-shaped evolution. The annual flow of inheritance and gifts was almost 15% of national ...
2012| Christoph Schinke
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Externe referierte Aufsätze
We explore the strategic role of private quality standards in food supply chains. Considering two symmetric retailers that are exclusively supplied by a finite number of producers and endogenizing the suppliers' delivery choice, we show that there exist two asymmetric equilibria in the retailers' quality requirements. Our results reveal that the retailers use private quality standards to improve their ...
In:
American Journal of Agricultural Economics
94 (2012), 5, S. 1189-1201
| Vanessa von Schlippenbach, Isabel Teichmann
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Diskussionspapiere 1158 / 2011
In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, they will ...
2011| Guglielmo Maria Caporale, Ricardo M. Souza
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Diskussionspapiere 1159 / 2011
In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that, when agents expect future stock returns to be higher, they will temporarily allow consumption to rise. Regarding ...
2011| Guglielmo Maria Caporale, Ricardo M. Souza
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Diskussionspapiere 997 / 2010
In this paper, we investigate whether the Google search activity can help in nowcasting the year-on-year growth rates of monthly US private consumption using a real-time data set. The Google-based forecasts are compared to those based on a benchmark AR(1) model and the models including the consumer surveys and financial indicators. According to the Diebold-Mariano test of equal predictive ability, ...
2010| Konstantin A. Kholodilin, Maximilian Podstawski, Boriss Siliverstovs
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SOEPpapers 416 / 2011
Using survey data from the German Socio-Economic Panel, this study shows that immigrants living in segregated residential areas are more likely to report discrimination because of their ethnic background. This applies to both segregated areas where most neighbors are immigrants from the same country of origin as the surveyed person and segregated areas where most neighbors are immigrants from other ...
2011| Verena Dill, Uwe Jirjahn