We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based …, including retirees and the unemployed, of East and West Germany over the fifteen years for which data are available. Using a … highest negative income gap. This probably reflects out-migration from East Germany by the young and highly skilled. On the …

quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range …

In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the …

We analyse the decline in output volatility in Germany. A lower level of variance in an autoregressive model of output … error term variance (reduced impulses). In Germany the decline output volatility is due to a decline in the persistence of … sudden break. The evolution of Germany's short-term real interest rate volatility coincides with the change of the …