Institution
Kiel Institute for the World Economy
Facility•Kiel, Germany•
About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.
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TL;DR: The authors investigated the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for four major European economies (France, Germany, Italy and the United Kingdom).
Abstract: This paper investigates the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for four major European economies (France, Germany, Italy and the United Kingdom). As opposed to the benchmark rational expectation models, households in the sticky information environment update their expectations sporadically rather than instantaneously owing to the costs of acquiring and processing information. We estimate two alternative parametrizations of the sticky information model which differ in the stationarity assumptions about the underlying series. Using survey data on households? and experts? inflation expectations, we find that the model adequately captures the dynamics of household inflation expectations. Both parametrizations imply comparable speeds of information updating for the European households as was previously found in the US, on average roughly once a year.
53 citations
TL;DR: This paper found that aid tends to be less effective when political ideology differs between the donor and the recipient, and that political misalignment between donor and recipient governments may render aid less effective by adding to transaction costs and giving rise to incentive problems.
53 citations
Posted Content•
TL;DR: In this paper, the impact of the level of the exchange rate, volatility in exchange rate and exchange rate expectations on outward US foreign direct investment in 12 developed countries and inward US inward investment to the USA from those countries for the period from 1983 to 1995 was examined.
Abstract: In this paper we examine the impact of the level of the exchange rate, volatility in the exchange rate and exchange rate expectations on outward US foreign direct investment in 12 developed countries and inward foreign direct investment to the USA from those countries for the period from 1983 to 1995. In our empirical analysis we find no evidence for an effect of exchange rate variation on either US outward investment or inward investment in the USA. This result is robust to a number of different estimation procedures. As regards the level of the exchange rate we find a positive relationship between US outward investment and appreciation in the host country currency while there is a negative relationship between US inward investment and appreciation in the dollar.
53 citations
TL;DR: The MSM-t (Gaussian MSM) dominates all other models at most forecasting horizons for the various asset classes considered and forecast combinations obtained from the MSM and (Fractionally Integrated) GARCH models provide an improvement upon forecasts from single models.
52 citations
TL;DR: In this article, the authors put the monetary transmission process in the eurozone between 2003 and 2011 under closer scrutiny and investigated the interest rate pass-through from money market to different loan rates for up to twelve countries of the European Monetary Union.
52 citations
Authors
Showing all 325 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Richard S.J. Tol | 116 | 695 | 48587 |
| Axel Dreher | 78 | 350 | 20081 |
| Holger Görg | 67 | 367 | 17161 |
| J. Edward Taylor | 50 | 210 | 13967 |
| Thomas Lux | 49 | 194 | 11041 |
| Dennis J. Snower | 47 | 311 | 9689 |
| Xinshen Diao | 46 | 251 | 6568 |
| Gabriel Felbermayr | 45 | 272 | 6586 |
| Peter Nunnenkamp | 42 | 250 | 5711 |
| Ansgar Belke | 42 | 536 | 7383 |
| Awudu Abdulai | 41 | 156 | 6555 |
| Katrin Rehdanz | 40 | 161 | 6453 |
| Martin F. Quaas | 39 | 189 | 5628 |
| Michael Hübler | 36 | 194 | 4051 |
| Mario Larch | 34 | 146 | 4040 |