This paper analyzes the effects of globalization on social protection expenditures in European countries. The analysis adds to the literature due to its special focus on (a) the Eastern European countries and (b) on differences in globalization effects between welfare regimes. We find evidence in favor of the compensation hypothesis in Western Europe which is driven by the conservative welfare regime, outweighing the efficiency effect of globalization in the social-democratic welfare regime. In Eastern European countries the efficiency effect is predominant. No globalization effect is found for the liberal and the southern welfare regimes. Our results indicate some convergence within Western Europe and a divergence between the East and the West of Europe. We stress the importance of disaggregating by welfare regimes when exploring the effects of globalization on public social protection expenditures. (author's abstract) / Series: Discussion Papers SFB International Tax Coordination

Univ., Diss.--Osnabrück, 2003.

Diss. Nr. 7571 techn. Wiss. ETH Zürich.

Bachelor-Arbeit Univ. St. Gallen, 2007.

Nürnberg, Universiẗat, Diss., 2005--Erlangen. / Literaturverz.

Zugl.: Göttingen, Universiẗat, Diss.

Univ., Diss.--Basel, 2006. / Die Vorlage enth. insgesamt 3 Werke.

Within three self-contained studies, this dissertation studies the impact and interactions between different macroeconomic policy measures in the context of financial markets empirically and quantitatively. The first study of this dissertation sheds light on the financial market effects of unconventional central bank asset purchase programs in the Eurozone, in particular sovereign bond asset purchase programs. The second study quantifies the direct implications of unconventional monetary policy on decisions by German public debt management regarding the maturity structure of gross issuance. The third study provides novel evidence on the role of private credit markets in the propagation of public spending toward private consumption in the U.S. economy. Across these three studies a set of different time-series econometric methods is applied including error correction models and event study frameworks to analyze contemporaneous interactions in financial and macroeconomic data in the context of unconventional monetary policy, as well as vector auto regressions (VARs) and local projections to trace the dynamic consequences of macroeconomic policies over time. / Die vorliegende Dissertation untersucht in drei in sich geschlossenen Studien die Effekte und Wechselwirkungen verschiedener makroökonomischer Politikmaßnahmen an den Finanzmärkten empirisch und quantitativ. Die erste Studie dieser Dissertation beleuchtet dabei die Finanzmarkteffekte unkonventioneller geldpolitischer Programme - insbesondere Staatsanleihekäufe - der Europäischen Zentralbank. Die zweite Studie untersucht und quantifiziert die direkten Auswirkungen unkonventioneller Geldpolitik auf Entscheidungen des deutschen öffentlichen Schuldenmanagements hinsichtlich der Laufzeitenstruktur neuemittierter Wertpapiere. Die dritte Studie liefert neue Erkenntnisse über die Rolle der privaten Kreditmärkte bei der Transmission öffentlicher Ausgaben für den privaten Konsum in der US-Wirtschaft. Im Rahmen der enthaltenen Studien wird eine Reihe verschiedener zeitreihenökonometrischer Methoden angewandt, darunter Fehlerkorrekturmodelle und Ereignisstudien zur Analyse simultaner Wechselwirkungen von Finanz- und makroökonomischen Daten im Kontext unkonventioneller Geldpolitik sowie Vektor-Autoregressionen (VARs) und lokale Projektionen, um die dynamischen Folgen makroökonomischer Politiken im Zeitablauf zu verfolgen.

Konstanz, Univ., Diplomarb., 2003.

Mass., Harvard Univ., Diss.--Cambridge, 2005. / Kopie, ersch. im Verl. UMI, Ann Arbor, Mich. - Enth. 3 Beitr.