Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...

EEAG’s 2007 Report provides a comprehensive forecast for the European economy for the coming year, with a special section on Eastern European countries. In addition, it addresses several important policy issues, including an in-depth examination of whether the features of the Scandinavian...

Alemania tiene una amplia experiencia en subsidios que afectan el empleo, como los que discute actualmente en Chile el Consejo Asesor Presidencial de Trabajo y Equidad. Existe, entonces, la oportunidad de apreciar cuáles iniciativas han dado resultado y cuáles no. En estas páginas se sostiene...