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Estimating and accounting for the output gap with large Bayesian vector autor...
We consider how to estimate the trend and cycle of a time series, such as real gross domestic product, given a large information set. Our approach makes use of the... -
Interpreting shocks to the relative price of investment with a two‐sector mod...
Consumption and investment comove over the business cycle in response to shocks that permanently move the price of investment. The interpretation of these shocks has relied on... -
Two are better than one: Volatility forecasting using multiplicative componen...
We examine the properties and forecast performance of multiplicative volatility specifications that belong to the class of generalized autoregressive conditional... -
Introducing the Bank of Canada staff economic projections database (replicati...
We present a new, publicly available database of real-time data and forecasts from the Bank of Canada's staff economic projections, which will be updated on an annual basis. We... -
Trade and the Size Distribution of Firms: Evidence from the German Empire
What effect did trade have on the size distribution of firms during the first wave of globalization? Three historical datasets from the German Empire between 1875 and 1907 were... -
Income-(in)dependent equivalence scales and inequality measurement
Most equivalence scales that are applied in research on inequality do not depend on income, even though there is strong empirical evidence that equivalence scales are actually... -
Do Political Parties Matter? - Evidence from German Municipalities
We assess whether the partisanship of local councils affects the level and composition of local public spending by German municipalities. Our identification strategy exploits... -
Parity Funding of Health Care Contributions in Germany: A DSGE Perspective
Germany reintroduced parity funding of the statutory health insurance scheme in January 2019 by lowering the contribution rates for employees and raising those for employers,... -
Replication files for "Using occupations to evaluate the employment effects o...
These replication files may be used to reproduce the results in "Using occupations to evaluate the employment effects of the German minimum wage" by Martin Friedrich published... -
The Impact of the German Minimum Wage on Individual Wages and Monthly Earnings
This paper evaluates the short-run impact of the introduction of a statutory minimum wage in Germany on the hourly wages and monthly earnings of workers targeted by the reform....
