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    <title>EconStor Collection: University of Tübingen Working Papers in Economics and Finance</title>
    <link>http://hdl.handle.net/10419/45399</link>
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      <title>Monetary policy and hysteresis in potential output</title>
      <link>http://hdl.handle.net/10419/73666</link>
      <description>Title: Monetary policy and hysteresis in potential output
&lt;br/&gt;
&lt;br/&gt;Authors: Kienzler, Daniel; Schmid, Kai Daniel
&lt;br/&gt;
&lt;br/&gt;Abstract: We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic propagation of macroeconomic shocks and persistent movements in output after monetary shocks. Our central policy implication of active output gap stabilization arises from stability analyses and welfare considerations.</description>
      <pubDate>Mon, 29 Oct 2012 22:58:59 GMT</pubDate>
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      <title>The evolution and sustainability of seasonal migration from Poland to Germany: From the dusk of the 19th century to the dawn of the 21st century</title>
      <link>http://hdl.handle.net/10419/73665</link>
      <description>Title: The evolution and sustainability of seasonal migration from Poland to Germany: From the dusk of the 19th century to the dawn of the 21st century
&lt;br/&gt;
&lt;br/&gt;Authors: Kepinska, Ewa; Stark, Oded
&lt;br/&gt;
&lt;br/&gt;Abstract: We document and suggest a rationale for the durability of seasonal migration from Poland to Germany, a phenomenon persisting for more than a century. We refer to the role of the tradition of engaging in seasonal migration as a force that helped invigorate the process and contribute to its sustainability even when, to different degrees and at different times, the process was interrupted by a shifting political, regulatory, and legal environment. Evidence in support of the role of tradition is provided, among other things, by the continuation of the seasonal flow of migrants from once border regions - which became internal regions following WWII, despite the fact that since the redrawing of the German-Polish border, proximity is no longer a factor encouraging repeated, short-term seasonal moves.</description>
      <pubDate>Mon, 29 Oct 2012 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Monetary policy and hysteresis in potential output</title>
      <link>http://hdl.handle.net/10419/73666</link>
      <description>Title: Monetary policy and hysteresis in potential output
&lt;br/&gt;
&lt;br/&gt;Authors: Kienzler, Daniel; Schmid, Kai Daniel
&lt;br/&gt;
&lt;br/&gt;Abstract: We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic propagation of macroeconomic shocks and persistent movements in output after monetary shocks. Our central policy implication of active output gap stabilization arises from stability analyses and welfare considerations.</description>
      <pubDate>Mon, 29 Oct 2012 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>The evolution and sustainability of seasonal migration from Poland to Germany: From the dusk of the 19th century to the dawn of the 21st century</title>
      <link>http://hdl.handle.net/10419/73665</link>
      <description>Title: The evolution and sustainability of seasonal migration from Poland to Germany: From the dusk of the 19th century to the dawn of the 21st century
&lt;br/&gt;
&lt;br/&gt;Authors: Kepinska, Ewa; Stark, Oded
&lt;br/&gt;
&lt;br/&gt;Abstract: We document and suggest a rationale for the durability of seasonal migration from Poland to Germany, a phenomenon persisting for more than a century. We refer to the role of the tradition of engaging in seasonal migration as a force that helped invigorate the process and contribute to its sustainability even when, to different degrees and at different times, the process was interrupted by a shifting political, regulatory, and legal environment. Evidence in support of the role of tradition is provided, among other things, by the continuation of the seasonal flow of migrants from once border regions - which became internal regions following WWII, despite the fact that since the redrawing of the German-Polish border, proximity is no longer a factor encouraging repeated, short-term seasonal moves.</description>
      <pubDate>Mon, 29 Oct 2012 22:58:59 GMT</pubDate>
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