Bernd Hayo
Biographic Data
| ID | 701318 |
|---|---|
| NAME | Bernd Hayo |
| GIVEN NAMES | Bernd |
| FAMILY NAME | Hayo |
| SIGNATURE | HAYO B |
| AFFILIATIONS | Philipps University of Marburg |
| ORCID | 0000-0001-9037-4513 |
| VERIFIED | Yes |
| TOTAL WORKS | 15 |
| TOTAL CITATIONS | 40 |
| AUTHOR COUNT | 15 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 2 |
The perceived impact of immigration on native workers’ labour market outcomes
A sizeable literature analyses how immigration affects attitudes towards migrants and discusses differences between socio-economic groups and their potential correlation with perceived concerns about labour market competition. Against the background of the large-scale influx of refugees into Germany between 2015 and 2016, this paper uses data from a unique and representative survey of the German population to assess whether respondents express fe…
Estimating policy-corrected long-term and short-term tax elasticities for the USA, Germany, and the United Kingdom
We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the USA, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer’s (2009) narrative approach, we construct a policy-neutral dataset based on revenue figures from governmental records. Using this quantitative information, we are able to subtract policy-induced changes, which often ar…
Judicial independence: Why does de facto diverge from de jure
Macroeconomic expectations and consumer sentiment during the Covid-19 pandemic: The role of others’ beliefs
Between fearmongers and Samaritans: Does information provision affect attitudes towards the right of asylum in Germany
We utilise data from a self‐designed survey that includes information experiments to elicit the German public's attitude towards the right of asylum. The survey was carried out in 2018. We randomly assign 2048 interviewees to different groups and ‘treat’ each group with different information about the asylum seekers that came to Germany in 2015 and 2016. Treatments involve information about (i) the total number of asylum seekers, (ii) the fiscal …
The effects of fiscal policy on households during the Covid-19 pandemic: Evidence from Thailand and Vietnam
Political budget cycles revisited: Testing the signalling process
The influence of media use on layperson monetary policy knowledge in Germany
We analyse German citizens’ knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We find that a person's own desire to be informed about the ECB, together with the use of various media channels to keep informed, are decisive for both (1) own perception of knowledge about the ECB and (2) actual level of knowledge. The media‐related influenc…
Leaders’ Impact on Public Spending Priorities: The Case of the German Laender
Leaders’ Impact on Public Spending Priorities: The Case of the German Laender
We examine determinants of the composition of public expenditure in the G erman L aender (states) over the period 1992–2008, as the L aender exhibit a high degree of institutional and political homogeneity and are endowed with extensive fiscal competences. Our prime contribution is an investigation into how political leaders’ socioeconomic background influences public spending priorities. Applying sociological theory, we link preferences for the …
Inflation, Central Bank Independence, and the Legal System
We argue that a higher degree of de facto independence of the legal system from other government branches as well as strong public trust in the working of the legal system may reduce the average inflation rate of countries through two channels: by lowering transaction costs in the economy and by strengthening de facto central bank independence. In the empirical section of the paper, we present evidence in favour of both channels after controlling…
Mass attitudes toward financial crisis and economic reform in Korea
This paper gives an account of the financial crisis that took place in Korea from the point of view of the Korean population, using survey data collected in 1998 and 1999. Although both, internal and external factors were blamed as causes, domestic factors were considered to be of greater importance. After identifying respondents as supporting either market-based or state-based reform strategies using factor analysis, various determinants of thes…
Subjective economic well-being in Eastern Europe
Estimating A European Demand For Money
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of such a European money demand for narrow and broad money for the actual 11 EMU countri…
Eastern European Public Opinion on Economic Issues: Privatization and Transformation
Survey data on Eastern Europe is investigated with respect to two major questions: How do people view the creation of a market economy and how do they assess the speed of economic transformation and privatization . These questions are analyzed by looking at the development over 1990 to 1992 and by performing regressions with a number of demographic variables as regressors. Some findings are that the opposition to the creation of a market economy …
Subjective economic well-being in Eastern Europe
Mass attitudes toward financial crisis and economic reform in Korea
This paper gives an account of the financial crisis that took place in Korea from the point of view of the Korean population, using survey data collected in 1998 and 1999. Although both, internal and external factors were blamed as causes, domestic factors were considered to be of greater importance. After identifying respondents as supporting either market-based or state-based reform strategies using factor analysis, various determinants of thes…
The influence of media use on layperson monetary policy knowledge in Germany
We analyse German citizens’ knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We find that a person's own desire to be informed about the ECB, together with the use of various media channels to keep informed, are decisive for both (1) own perception of knowledge about the ECB and (2) actual level of knowledge. The media‐related influenc…
The effects of fiscal policy on households during the Covid-19 pandemic: Evidence from Thailand and Vietnam
Estimating A European Demand For Money
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of such a European money demand for narrow and broad money for the actual 11 EMU countri…
Eastern European Public Opinion on Economic Issues: Privatization and Transformation
Survey data on Eastern Europe is investigated with respect to two major questions: How do people view the creation of a market economy and how do they assess the speed of economic transformation and privatization . These questions are analyzed by looking at the development over 1990 to 1992 and by performing regressions with a number of demographic variables as regressors. Some findings are that the opposition to the creation of a market economy …
Eastern European Public Opinion on Economic Issues: Privatization and Transformation
Survey data on Eastern Europe is investigated with respect to two major questions: How do people view the creation of a market economy and how do they assess the speed of economic transformation and privatization . These questions are analyzed by looking at the development over 1990 to 1992 and by performing regressions with a number of demographic variables as regressors. Some findings are that the opposition to the creation of a market economy …
Estimating A European Demand For Money
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of such a European money demand for narrow and broad money for the actual 11 EMU countri…
Subjective economic well-being in Eastern Europe
Mass attitudes toward financial crisis and economic reform in Korea
This paper gives an account of the financial crisis that took place in Korea from the point of view of the Korean population, using survey data collected in 1998 and 1999. Although both, internal and external factors were blamed as causes, domestic factors were considered to be of greater importance. After identifying respondents as supporting either market-based or state-based reform strategies using factor analysis, various determinants of thes…
Inflation, Central Bank Independence, and the Legal System
We argue that a higher degree of de facto independence of the legal system from other government branches as well as strong public trust in the working of the legal system may reduce the average inflation rate of countries through two channels: by lowering transaction costs in the economy and by strengthening de facto central bank independence. In the empirical section of the paper, we present evidence in favour of both channels after controlling…
Leaders’ Impact on Public Spending Priorities: The Case of the German Laender
Leaders’ Impact on Public Spending Priorities: The Case of the German Laender
We examine determinants of the composition of public expenditure in the G erman L aender (states) over the period 1992–2008, as the L aender exhibit a high degree of institutional and political homogeneity and are endowed with extensive fiscal competences. Our prime contribution is an investigation into how political leaders’ socioeconomic background influences public spending priorities. Applying sociological theory, we link preferences for the …
The influence of media use on layperson monetary policy knowledge in Germany
We analyse German citizens’ knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We find that a person's own desire to be informed about the ECB, together with the use of various media channels to keep informed, are decisive for both (1) own perception of knowledge about the ECB and (2) actual level of knowledge. The media‐related influenc…
Political budget cycles revisited: Testing the signalling process
The effects of fiscal policy on households during the Covid-19 pandemic: Evidence from Thailand and Vietnam
Estimating policy-corrected long-term and short-term tax elasticities for the USA, Germany, and the United Kingdom
We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the USA, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer’s (2009) narrative approach, we construct a policy-neutral dataset based on revenue figures from governmental records. Using this quantitative information, we are able to subtract policy-induced changes, which often ar…
Judicial independence: Why does de facto diverge from de jure
Macroeconomic expectations and consumer sentiment during the Covid-19 pandemic: The role of others’ beliefs
Between fearmongers and Samaritans: Does information provision affect attitudes towards the right of asylum in Germany
We utilise data from a self‐designed survey that includes information experiments to elicit the German public's attitude towards the right of asylum. The survey was carried out in 2018. We randomly assign 2048 interviewees to different groups and ‘treat’ each group with different information about the asylum seekers that came to Germany in 2015 and 2016. Treatments involve information about (i) the total number of asylum seekers, (ii) the fiscal …
The perceived impact of immigration on native workers’ labour market outcomes
A sizeable literature analyses how immigration affects attitudes towards migrants and discusses differences between socio-economic groups and their potential correlation with perceived concerns about labour market competition. Against the background of the large-scale influx of refugees into Germany between 2015 and 2016, this paper uses data from a unique and representative survey of the German population to assess whether respondents express fe…
Economics (15 works) · Political science (11 works) · Law (8 works) · Business (5 works) · Fiscal Policies and Political Economy (5 works) · Macroeconomics (5 works) · Monetary economics (5 works) · Politics (5 works) · Psychology (5 works) · German (4 works)