Abstract Any policy measure aimed at reducing high unemployment in Germany needs to tackle the substantive disincentive effects that unemployment assistance and social assistance have on labor supply. The article elaborates on a reform proposal presented by the German Council of Economis Experts...

[fre] Modèles à seuil et relation de Fisher : une application à l'économie allemande . par Jens Weidmann . Cet article reprend l'analyse de la relation de Fisher dans le cadre de l'économie allemande. L'étude permet d'attribuer le rejet de cette hypothèse aux propriétés des séries de...

We use non-stationary econometrics to analyze asymmetry and dominance within the EMS through interest rate linkages from April 1983 to the end of 1992. Daily data (French, German and US one-month Eurorates) are used for their better suitability to the analysis of causality. We first show there...