We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...

We analyze the impact of increased immigration on labor market outcomes of natives in Germany using a dataset of county level variables for the late 1908s. In order to construct more unified labor market regions we aggregate the 328 counties to 167 larger regions. We study two measures of...

Auf der Basis eines theoretischen Modells zur Bestimmung der wichtigsten Determinanten wurde die berufliche Mobilität am westdeutschen Arbeitsmarkt empirisch untersucht. Die Analyse wurde mit Daten der lAB-Stichprobe der Historikdatei an der Bundesanstalt für Arbeit auf der Basis eines eigens...

While the entry of new immigrants into the German labour market is usually controlled by the local labour authorities, no such controls exist for contract workers (Werkvertragsarbeitnehmer), who are subject to national quotas which are fixed in the medium term. Therefore the ease of contract...

We analyze guest-workers' expected duration of stay in Germany within an econometric model taking into account the important distinction between permanent and temporary stayers, where the expected duration of stay for the latter is differentiated in short-term, medium-term and long-term stayers....

Family reunification was virtually the only way for non-EC-foreigners to immigrate to Germany after the recruitment stop in 1973. However, empirical knowledge on the relative size, the reasons and the accompanying circumstances of family reunification is limited. In the paper, the reunification...

Do financial market analysts use structural economic models when forecasting exchange rates? This is the leading question analysed in this paper. In contrast to other studies we use expectations data instead of observable variables. Therefore we analyse the implicit structural models forecasters...

In der vorliegenden Arbeit untersuchen wir die Eignung der ifo-Geschäftserwartungen und der ZEW-Konjunkturerwartungen als Frühindikatoren für die deutsche Industrieproduktion. Anhand von Granger-Kausalitätstests wird gezeigt, dass die auf Umfragen unter Finanzanalysten basierenden...

We analyze four economic sentiment indicators for the German economy regarding their ability to forecast economic activity. Using cross correlations and Granger causality tests we find that the ifo business expectations (ifo), the Purchasing Managers Index (PMI) and the ZEW Indicator of Economic...