Showing papers in "European Economic Review in 2016"

TL;DR: This article used the penalty function approach within the SVAR framework to examine the interaction between financial conditions and economic uncertainty and trace out the impact of these two types of shocks on the economy.

TL;DR: In the real world, managers are called on to fill entrepreneurial and leadership roles: sensing opportunities, developing and implementing viable business models, building capabilities, and guiding the organization through transformations.

TL;DR: In this paper, the authors show that the shape of the firm employment growth distribution changes substantially in the post-2000 period and the overall decline reflects a sharp drop in the 90th percentile of the growth rate distribution accounted for by the declining share of young firms and the declining propensity for young firms to be high-growth firms.

TL;DR: This article studied the political fall-out from systemic financial crises over the past 140 years and found that after a crisis, voters seem to be particularly attracted to the political rhetoric of the extreme right, which often attributes blame to minorities or foreigners.

TL;DR: This article found that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions.

TL;DR: In this article, a Bayesian version of the global vector autoregressive model coupled with a prior specification that explicitly accounts for uncertainty regarding variable choice is used to analyze international spillovers of expansionary US aggregate demand and supply shocks, and of a contractionary US monetary policy shock.

TL;DR: In this paper, a meta-analysis containing 441 results from 77 studies found that groups significantly discriminate against each other in roughly a third of cases, and that discrimination varies depending upon the type of group identity being studied: it is stronger when identity is artificially induced in the laboratory than when the subject pool is divided by ethnicity or nationality.

TL;DR: The authors used a variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which includes the European Economic and Monetary Union (EMU), and their preferred methodology indicates that EMU has boosted exports by around 50%.

TL;DR: The authors calibrate a tractable life-cycle model to capture salient features of the demographic transition in developed economies, and find that its overall effect is a reduction of the equilibrium interest rate by at least one and a half percentage points between 1990 and 2014.

TL;DR: In this article, the authors build an endogenous growth model to analyze the relationship between taxation, corruption, and economic growth, and find evidence consistent with these predictions and the entrepreneurial channel using data from the Longitudinal Business Database.

TL;DR: This article analyzed the long-term imprinting effect by using the distance to coalfields as an exogenous instrument for the regional presence of large-scale industries and found that British regions with high employment shares of large scale industries in the 19th century, due to their spatial proximity to coal mines, have lower entrepreneurship rates and weaker entrepreneurship culture today.

TL;DR: In this paper, the authors show that short-time work can actually save jobs and that the rule-based component is a cost-efficient job saver, while the discretionary component is completely ineffective, and they use the rich data available to combine micro- and macroeconomic evidence with macroeconomic modeling in order to identify, quantify and interpret these two components of shorttime work.

TL;DR: In this article, the authors conducted a laboratory experiment using a variant of the Mind game and found a significant correlation of 0.31 between cheating in the lab and in the field, and subjects with higher payoffs in the game were also less likely to report the overpayment.

TL;DR: The authors developed methods for Bayesian model averaging (BMA) or selection (BMS) in Panel Vector Autoregressions (PVARs) to select between or average over all possible combinations of restricted PVARs where the restrictions involve interdependencies between and heterogeneities across cross-sectional units.

TL;DR: In this article, the authors use data on UK banks to study the interaction between monetary policy and capital requirement regulation and find that large banks react substantially to capital requirement changes, but not to monetary policy changes.

TL;DR: In this paper, the authors investigate the interaction of pro-social motivation and wages in prosocial organizations with a novel subject pool, 1700 students destined for the private and public sectors in Indonesia.

TL;DR: In this article, the authors propose that religious affiliation may serve as markers for statistical discrimination and that affiliation to the same religion may enhance group identity, or affiliation irrespective of creed may lend social identity, and in turn induce taste-based discrimination.

TL;DR: In this article, the authors measure how much of the gender wage gap over the life cycle is due to the fact that working hours are lower for women than for men, and they build a quantitative theory of fertility, labor supply, and human capital accumulation decisions to measure gender differences in human capital investments over a life cycle.

TL;DR: The authors show that firms selling to a more diversified set of countries have more volatile exports, while the opposite holds among large exporters, and the theoretical explanation for these observations rests on the presence of fixed costs of exports per destination and short run demand shocks.

TL;DR: In this article, the authors estimate a three-region (EA, US and Rest of World) New Keynesian DSGE model (using quarterly data for 1999-2014) to quantify the drivers of the divergent EA and US adjustment paths.

TL;DR: In this paper, the relationship between household leverage prior to the financial crisis of 2007-2009 and the development in spending over the course of the crisis was studied. And they found a strong negative correlation between pre-crisis leverage and the change in spending during the crisis, which reflects that highly levered households spent a larger share of their income than their less-levered peers.

TL;DR: In this article, the effects of an increase in the inflation target during a liquidity trap were examined through a VAR model, and the effect of such an increase on macroeconomic variables was analyzed.

TL;DR: This paper found that an enhanced effectiveness of the public employment agency (PEA) explains about 20% of the observed post-reform unemployment decline, while the role of unemployment benefit reduction explains just about 5% of observed decline.

TL;DR: In this article, the effects of real and minimal identities on group conflict were investigated and it was shown that the saliency of a real identity escalates conflict but that of a mere classification would not do so.

TL;DR: In this paper, an exogenous change in German Federal law was examined to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship, and they found no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers.

TL;DR: This paper used European Social Survey and Labour Force Survey data from 2002 to 2012 to estimate the causal effect of years of education on European natives opinion toward immigration, by exploiting the exogenous discontinuity generated by reforms in compulsory education in Europe in the 1940s through the 1990s.

TL;DR: This article found evidence of significant male backlash against female leaders, which can be attributed to the transgression of social norms and in particular, a violation of male identity, when women are assigned to positions of leadership through gender based quotas.

TL;DR: The authors found that the highest level of dishonesty occurs in settings where the parent acts alone and the dishonest act benefits the child, and that there is also an interesting, quite different, effect of children on parents' behavior.

TL;DR: In this article, the impact of private equity backed leveraged buyouts on innovative output (patenting) using a sample of 407 UK deals was analyzed. And the authors found that PE firms do not promote short-term cost-cutting at the expense of entrepreneurial investment opportunities with a long-term pay-off.

TL;DR: In this article, the determinants of ethnic and religious identity formation have been studied and two distinct motivational processes for identity formation which have been proposed in the social sciences: cultural conformity and cultural defense.