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12 results on '"Roos, Michael W.M."'

7. Agglomeration and the public sector

Author

Roos, Michael W.M.

Subjects
Local government -- Management, Migrant labor -- Management, Social policy -- Analysis, State/local government software, Company business management, Economics, Geography, Government, Social sciences
Abstract

When two regions offer same kind of public welfare and other facilities to encourage migration of workers to their region either of the regions may attract more workers. The agglomeration of workers in the region may reach the maximum levels and over provision of public welfare.

Published
2004

8. Regional price levels in Germany

Author

Roos, Michael W.M.

Subjects
Germany -- Economic aspects, Prices -- Analysis, Purchasing power -- Analysis, Business, Business, general, Economics
Abstract

Cross-sectional evidence on price levels is scarce for all countries. However, several studies suggest that there might exist considerable differences in price levels within countries, which has obvious welfare implications. [...]

Published
2006

11. The importance of time series extrapolation for macroeconomic expectations

Author

Roos, Michael W.M. and Schmidt, Ulrich

Subjects
D83, Test, D84, inflation forecasts, E37, macroeconomic experiment, Erwartungstheorie, ddc:330, Inflationserwartung, Informationsverhalten, Prognose, Expectations, use of information
Abstract

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP growth. By varying the information provided in different treatments, we can assess the importance of historical time-series information versus information acquired outside the experimental setting such as knowledge of expert forecasts. It turns out that the availability of historical data has a dominant impact on expectations and wipes out the influence of outside-lab information completely. Consequently, backward-looking behavior can be identified unambiguously as a decisive factor in expectation formation.

Published
2011

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