Christian Bayer
Biographic Data
| ID | 5734522 |
|---|---|
| NAME | Christian Bayer |
| GIVEN NAMES | Christian |
| FAMILY NAME | Bayer |
| SIGNATURE | BAYER C |
| AFFILIATIONS | University of Bonn, CEPR, CESifo and IZA , Germany |
| ORCID | 0000-0001-6369-6787 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2010 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
What if? The macroeconomic and distributional effects for Germany of a stop of energy imports from Russia
This paper discusses the economic effects of a potential cut‐off of the German economy from Russian energy imports. We use a multi‐sector open‐economy model and a simplified approach based on an aggregate production function to estimate the effects of a shock to energy inputs. We show that the effects are likely to be substantial but manageable because of substitution of energy imports and reallocation along the production chain. In the short run…
The Coronavirus Stimulus Package: How Large is the Transfer Multiplier
In response to the COVID-19 pandemic, large parts of the economy were locked down and, as a result, households’ income risk rose sharply. At the same time, policy makers put forward the largest stimulus package in history. In the United States it amounted to $2 trillion, a quarter of which represented transfer payments to households. To the extent that such transfers were (i) announced in advance and (ii) conditional on recipients being unemploye…
Combining non‐cointegration tests
The local power of many popular non‐cointegration tests has recently been shown to depend on a certain nuisance parameter. Depending on the value of that parameter, different tests perform best. This paper suggests combination procedures with the aim of providing meta tests that maintain high power across the range of the nuisance parameter. 1 We demonstrate the local power of the new meta tests to be in general almost as high as that of the most…
Strategic Unemployment
The empirical literature on happiness finds that employment significantly contributes to well-being. We propose a dynamic model that explains why individuals may nonetheless be reluctant to pick up low-paid work. Accepting low-paid work will put them in an adverse position in future wage bargaining, as employers could infer the individual's low reservation wage from his working history. Employers will exploit their knowledge by offering low wages…
The Coronavirus Stimulus Package: How Large is the Transfer Multiplier
In response to the COVID-19 pandemic, large parts of the economy were locked down and, as a result, households’ income risk rose sharply. At the same time, policy makers put forward the largest stimulus package in history. In the United States it amounted to $2 trillion, a quarter of which represented transfer payments to households. To the extent that such transfers were (i) announced in advance and (ii) conditional on recipients being unemploye…
Strategic Unemployment
The empirical literature on happiness finds that employment significantly contributes to well-being. We propose a dynamic model that explains why individuals may nonetheless be reluctant to pick up low-paid work. Accepting low-paid work will put them in an adverse position in future wage bargaining, as employers could infer the individual's low reservation wage from his working history. Employers will exploit their knowledge by offering low wages…
Combining non‐cointegration tests
The local power of many popular non‐cointegration tests has recently been shown to depend on a certain nuisance parameter. Depending on the value of that parameter, different tests perform best. This paper suggests combination procedures with the aim of providing meta tests that maintain high power across the range of the nuisance parameter. 1 We demonstrate the local power of the new meta tests to be in general almost as high as that of the most…
The Coronavirus Stimulus Package: How Large is the Transfer Multiplier
In response to the COVID-19 pandemic, large parts of the economy were locked down and, as a result, households’ income risk rose sharply. At the same time, policy makers put forward the largest stimulus package in history. In the United States it amounted to $2 trillion, a quarter of which represented transfer payments to households. To the extent that such transfers were (i) announced in advance and (ii) conditional on recipients being unemploye…
What if? The macroeconomic and distributional effects for Germany of a stop of energy imports from Russia
This paper discusses the economic effects of a potential cut‐off of the German economy from Russian energy imports. We use a multi‐sector open‐economy model and a simplified approach based on an aggregate production function to estimate the effects of a shock to energy inputs. We show that the effects are likely to be substantial but manageable because of substitution of energy imports and reallocation along the production chain. In the short run…
Economics (3 works) · Econometrics (2 works) · Macroeconomics (2 works) · Market Dynamics and Volatility (2 works) · Monetary economics (2 works) · Business (1 works) · Cointegration (1 works) · Coronavirus disease 2019 (COVID-19 (1 works) · COVID-19 Pandemic Impacts (1 works) · Credit Risk and Financial Regulations (1 works)