"All human beings develop a certain view on the world, and individuals belonging to the same national cultures are likely to develop very similar views with one another. In this same manner, academic economists and policymakers are consistently exposed to the same view on the preferred way of...

Main description: Am 6. April 2004 vollendet Professor Heinz Grossekettler sein 65. Lebensjahr. Zu diesem Anlass widmen ihm Freunde, Schüler und wissenschaftliche Wegbegleiter diese Festschrift.Heinz Grossekettler hat sich in seiner wissenschaftlichen Laufbahn mit einem breiten Spektrum...

Am 6. Dezember 1999 vollendet Prof. Dr. Ingolf Metze sein 65. Lebensjahr. Er hat sich einen Ruf als streitbarer und engagierter Wirtschaftswissenschaftler mit zum Teil verblüffend unkonventionellen Ideen weit über die überwiegende Stätte seiner wissenschaftlichen Tätigkeit - der...

Die umfangreiche empirische Literatur zur Gültigkeit der Erwartungstheorie der Zinsstruktur in den USA hat einen "U-förmigen" Verlauf des Informationsgehalts in längerfristigen Zinsen für zukünftige kurzfristige Zinsen nachgewiesen. Während Änderungen des Tagesgeldzinses in den nächsten...

Institutions have both positive and negative effects on economic performance. The theoretical and empirical understanding of the roles played by institutions, norms and culture in the functioning of markets still is limited. This book contributes to a better understanding of the role played by...

Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods...

This book comprises the articles of the 6th Econometric Workshop in Karlsruhe, Germany. In the first part approaches from traditional econometrics and innovative methods from machine learning such as neural nets are applied to financial issues. Neural Networks are successfully applied to...

"The business surveys of the ifo Institute (short for ""Information und Forschung"") are internationally renowned. Every month close to 7,000 enterprises are questioned on their short-term planning and their appraisals of the actual and future business situation. The confidence indicator...

Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications?...