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We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …
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used a new dataset on monthly real-time macroeconomic variables for Germany. The dataset covers the period 1994-2005. We …
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Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks’...
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groups and of different size. -- Market power-risk nexus ; international banking ; micro-data ; Germany …
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In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members …
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