WorldCat Identities

Döpke, Jörg

Overview
Works: 80 works in 229 publications in 2 languages and 1,074 library holdings
Roles: Editor
Classifications: HB5, 332.6420943
Publication Timeline
Key
Publications about  Jörg Döpke Publications about Jörg Döpke
Publications by  Jörg Döpke Publications by Jörg Döpke
Most widely held works by Jörg Döpke
Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility by Claudia M Buch ( )
8 editions published in 2008 in English and held by 56 WorldCat member libraries worldwide
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this "Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that covers 35 years (1971-2005) and about 1,500 firms per year. In contrast to earlier work using firm level data, we use the multifactor residual model proposed by Pesaran (2006) to isolate the idiosyncratic component of firms' real sales growth from macroeconomic developments. Our paper has three main findings. First, time trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility does not exhibit a downward trend. If anything idiosyncratic volatility has been on a slow trend rise. Third, we find evidence of a positive link between growth and volatility at the firm level
Quo vadis, Euroland? ( Book )
4 editions published in 1998 in English and German and held by 49 WorldCat member libraries worldwide
Euroland: new conditions for economic policy by Jörg Döpke ( Book )
5 editions published in 1998 in English and German and held by 48 WorldCat member libraries worldwide
Zur Qualität von Konjunkturprognosen für Westdeutschland : 1976 - 1994 by Jörg Döpke ( Book )
5 editions published in 1995 in German and Undetermined and held by 44 WorldCat member libraries worldwide
Real-time macroeconomic data and ex ante predictability of stock returns by Jörg Döpke ( Book )
5 editions published in 2006 in English and held by 39 WorldCat member libraries worldwide
We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised macroeconomic data. Our real-time macroeconomic data cover the period 1994-2005. We report three results. 1) Real-time macroeconomic data did not contribute much to ex ante stock-return predictability. 2) The performance of an investor who had to rely on noisy real-time macroeconomic data would have been comparable to the performance of an investor who had access to revised macroeconomic data. 3) In real time, it is important for an investor to know which real-time variable to use for predicting stock returns
Real-time forecasting and political stock market anomalies : evidence for the U.S. by Martin T Bohl ( Book )
5 editions published in 2006 in English and held by 38 WorldCat member libraries worldwide
Using monthly data for the period 19532003, we apply a real-time modeling approach to investigate the implications of U.S. political stock market anomalies for forecasting excess stock returns. Our empirical findings show that political variables, selected on the basis of widely used model selection criteria, are often included in real-time forecasting models. However, they do not contribute to systematically improving the performance of simple trading rules. For this reason, political stock market anomalies are not necessarily an indication of market inefficiency
The within-distribution business cycle dynamics of German firms by Jörg Döpke ( Book )
6 editions published in 2006 in English and held by 38 WorldCat member libraries worldwide
We analyse stylised facts for Germany’s business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank’s balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales growth regime switching to another regime in the next period, e.g. whether a firm that has witnessed a high growth rate is likely to stay in a regime of high growth or is bound to switch in a regime of low growth in the subsequent period. We find that these probabilities depend on the business cycle position
Does trade openness increase firm-level volatility? by Claudia M Buch ( Book )
5 editions published in 2006 in English and held by 38 WorldCat member libraries worldwide
From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two novel datasets on German firms, we analyze the evolution of firm-level output volatility and the link between volatility and trade openness. We find that firm-level output volatility displays patterns similar to those found in aggregated data for Germany. Also, smaller firms and firms that grow faster are more volatile. Increased trade openness tends to lower volatility
Preisrigiditäten, Lohnrigiditäten und Mengenrationierungen : eine empirische Analyse für die Bundesrepublik Deutschland by Jörg Döpke ( Book )
2 editions published in 1993 in German and held by 30 WorldCat member libraries worldwide
Real-time data and business cycle analysis in Germany by Jörg Döpke ( Book )
3 editions published in 2004 in English and held by 30 WorldCat member libraries worldwide
This paper examines the consequences of using so-called "real-time" data for business cycle analysis in Germany. Based on a novel data set covering quarterly real output data from 1980 to 2002 real-time output gaps using some popular filter methods are calculated. They differ considerably from their counterparts based on the most recent data and are, thus, not very reliable. While real-time output gaps are generally not unbiased forecasts of the final output gap series, they provide at least some information regarding the sign of the final output gap. The information content of output gaps calculated in real-time for future inflation is tested by means of an out-of-sample forecast exercise and found to be very limited. Generally, the results for simple growth rates appear to be more promising that the results for simple filters to estimate the output gap. This points to the possibility that the problematic nature of the real-time output gaps is not due to revisions of the underlying data but due to the end-of-sample problem that occurs in filtering recent data. All in all, the results support previous findings regarding other countries that revisions of data and output gap estimates can seriously distort business cycle analysis and, thus, research and policy decisions
Predicting Germany's recessions with leading indicators : evidence from probit models by Jörg Döpke ( Book )
7 editions published in 1999 in English and held by 28 WorldCat member libraries worldwide
Politics and the stock market : evidence from Germany by Jörg Döpke ( Book )
8 editions published in 2004 in English and held by 28 WorldCat member libraries worldwide
Real and financial integration in Europe : evidence for the accession states and for the pre-ins by Claudia M Buch ( Book )
7 editions published between 1999 and 2000 in English and held by 28 WorldCat member libraries worldwide
Stock market dispersion, sectoral shocks, and the German business cycle by Jörg Döpke ( Book )
6 editions published in 2000 in English and held by 27 WorldCat member libraries worldwide
Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000 by Jörg Döpke ( Book )
6 editions published in 2001 in English and held by 27 WorldCat member libraries worldwide
Stylized facts of Euroland's business cycle by Jörg Döpke ( Book )
6 editions published in 1998 in English and held by 27 WorldCat member libraries worldwide
What can the ECB learn from Bundesbank interventions? : evidence on the link between exchange rate volatility and interventions by Jörg Döpke ( Book )
7 editions published in 1999 in English and held by 27 WorldCat member libraries worldwide
Leading indicators for Euroland's business cycle by Jörg Döpke ( Book )
8 editions published in 1998 in English and held by 26 WorldCat member libraries worldwide
Financial market volatility and inflation uncertainty : an empirical investigation by Jörg Döpke ( Book )
5 editions published in 1999 in English and held by 25 WorldCat member libraries worldwide
The "employment intensity" of growth in Europe by Jörg Döpke ( Book )
5 editions published in 2001 in English and held by 25 WorldCat member libraries worldwide
 
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Audience level: 0.52 (from 0.37 for Great Mode ... to 0.70 for Real and f ...)
Alternative Names
Döpke, J. 1963-
Languages
English (104)
German (8)