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Equity price dynamics before and after the introduction of the euro : a note

Cheung, Yin-Wong; Westermann, Frank - 2001

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...

Persistent link: https://www.econbiz.de/10011397990

Sectoral trends and cycles in Germany

Cheung, Yin-Wong; Westermann, Frank - 2001

We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture) and the three corresponding sectoral stock market indexes. It is found that data with and without seasonal adjustment give mixed results on the long-run interaction between the...

Persistent link: https://www.econbiz.de/10011398919

Globalisierung der Wirtschaft : Ursachen - Formen - Konsequenzen

Berthold, Norbert; Franke, Siegfried F.; Gischer, Horst - 1999

Seit langem wächst der Welthandel deutlich stärker als das Weltsozialprodukt. Ein zunehmender Teil dieses Handels besteht dabei aus dem Austausch von Dienstleistungen. Auch die Direktinvestitionen, durch die ausländische Investoren in den jeweiligen Zielländern Unternehmen gründen,...

Persistent link: https://www.econbiz.de/10011401951

Unemployment in Germany : reasons and remedies

Berthold, Norbert; Fehn, Rainer - 2003

This paper discusses the reasons for the dismal labor market performance of Germany over the last three decades along with potential remedies. It argues that labor market rigidities along with a generous welfare state in conjunction with certain changes in the economic environment are important...

Persistent link: https://www.econbiz.de/10011506205

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Finanzpolitik und Arbeitsmärkte

Börsch-Supan, Axel; Keuschnigg, Christian; … - 2002

Der Finanzwissenschaftliche Ausschuss des Vereins für Socialpolitik hat in seiner Arbeitstagung 2001 die finanzpolitischen Ansatzpunkte zur Behebung von Arbeitsmarktproblemen diskutiert. Der Tagungsband enthält die drei Grundsatzreferate von Axel Börsch-Supan (Universität Mannheim),...

Persistent link: https://www.econbiz.de/10011402116

Arbeitsmarkt und Beschäftigung : Deutschland im internationalen Vergleich

Belke, Ansgar; Berthold, Norbert - 2000

Deutschland ist in den Bemühungen, die hohe Arbeitslosigkeit deutlich zu verringern, in den letzten Jahren nicht sehr … Arbeitsmärkten der alten und der neuen Bundesländer. Gezeigt wird, daß in Frankreich, ähnlich wie in Deutschland, vornehmlich eher …. Schließlich werden neue Konzepte für die Tarifpolitik in Deutschland vorgestellt und auf ihre Brauchbarkeit hin überprüft …

Persistent link: https://www.econbiz.de/10011402161

Exchange rate dynamics : where is the saddle path?

Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2004

Persistent link: https://www.econbiz.de/10011402689

Social health insurance : the major driver of unsustainable fiscal policy?

Hagist, Christian; Klusen, Norbert; Plate, Andreas; … - 2005

During the next decades the populations of most developed countries will grow older as a result of the low level of birth rates since the 1970s and/or the continuously increasing life expectancy. We show within a Generational Accounting framework how unsustainable the public finances of France,...

Persistent link: https://www.econbiz.de/10003202890

Earlier or later : a general equilibrium analysis of bringing forward an already announced tax reform

Honerkamp, Josef (contributor); Moog, Stefan (contributor); … - 2004

The German Income Tax Reform 2000, which announced a reduction in income tax rates to be implemented in a series of three stages, was welcomed by the public as a step towards unleashing lurking growth potentials. Nonetheless, in the course of the year 2001 a dispute arose, centering around the...

Persistent link: https://www.econbiz.de/10002520046