It has long been recognized that aggregating time series introduces correlation between consecutive values of the aggregated observations (see Working (1960)). This paper investigates the effect of aggregation on the relation between variables assuming that the data generating process involves...

Unit root tests for time series with level shifts are considered. The level shift is assumed to occur at a known time point. In contrast to some other proposals the level shift is modeled as part of the intercept term of the stationary component of the data generation process which is separated...

The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships within a...

Sport wird einerseits wie jede andere Tätigkeit in der Gesellschaft mit öffentlichen Abgabelasten beschwert, andererseits im Vergleich zu ähnlichen Tätigkeiten steuerlich geschont und sogar öffentlich unterstützt. Diese Ambivalenz der steuerlichen Behandlung des Sports hat wiederholt...

Die Autonomie des Sports, die verfassungsrechtlich verbrieft ist, wird durch das Gemeinschaftsrecht der EU nicht konsequent respektiert. So wird beklagt, dass die notwendige Kooperation der Verbände im Sport nicht hinreichend berücksichtigt wird. Hier setzen die Referenten des 9....

Sport - insbesondere der Hochleistungssport - ist ein Faszinosum, das als Plattform für gesellschaftliche Anliegen genutzt wird. Hierauf gründen die unterschiedlichen Interessen am aktiven und passiven Sport und das staatliche Interesse am Spitzensport. In den meisten Ländern ist der...

There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to transmission of...

Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...

Against the background of the worldwide financial market and economic crisis, leading German economists urge policymakers to maintain the reform course in labor market policy. The experts warn not to jeopardize the clearly positive effects of the recent reform efforts. The "Petersberg...