Agent based models of financial markets follow different approaches and might be categorized according to major building blocks used. Such building blocks include agent design, agent evolution, and the price finding mechanism. The performance of agent based models in matching key features of...

Topic modeling became an intensively researched area in economics, mainly due to the ever increasing availability of huge digital text information and the improvements in methods to analyze these datasets. In natural language processing, topic modeling describes a set of methods to extract the...

Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after unification. Our paper presents results from the estimation...

Dieser Beitrag nimmt aus theoretischer und ökonometrischer Sicht zu der Kontroverse über die Bedeutung der qualifikatorischen Lohnstruktur zur Erklärung der Beschäftigungsstruktur Stellung. Basierend auf einer Einteilung in drei Qualifikationsgruppen zeigt sich empirisch, dass die Entlohnung...

In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be replaced by a more decentralized system. This paper provides a critical assessment of the current wage bargaining institutions and reexamines the case for a more decentralized...

Thema dieses Beitrags ist zum einen eine kritische Würdigung des Flächentarifvertrages (FTV) im Hinblick auf seine Regelungsdichte und zum anderen die theoretische Analyse eines Elements des Flexibilisierungspotentials des FTV, nämlich der Öffnungsklausel, unter Berücksichtigung der...