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We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10013141467
Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the …
Persistent link: https://www.econbiz.de/10014173927
Germany, where subsidized child care is rationed and private child care is only available at considerably higher cost. I use a …
Persistent link: https://www.econbiz.de/10014175936
Increasing utilization of renewable energy sources (RES) is a priority worldwide. Germany has been a forerunner in the … deployment in Germany until 2030. To this end, we use a novel model, the 'Sectoral Energy-Economic Econometric Model' (SEEEM …). SEEEM is an econometric multi-country model which, for Germany, contains a detailed representation of industries, including …
Persistent link: https://www.econbiz.de/10014176825
This paper provides empirical evidence on the party incumbency advantage in mayoral elections in Germany. Using a …
Persistent link: https://www.econbiz.de/10014178561
The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crises is gaining ground in several OECD countries. We evaluate the revenue and distributional effects of a one-time capital levy on personal net wealth that is currently on the German political...
Persistent link: https://www.econbiz.de/10014179431
The very first minimum wage in Germany was introduced in 1997 for blue-collar workers in sub-sectors of the …-employee data. Estimation results reveal a sizable positive average impact on wages in East Germany and no effect in West Germany …
Persistent link: https://www.econbiz.de/10014184451
natives and second generation migrants. We analyze an inflow sample into unemployment in Germany, and find differences between …
Persistent link: https://www.econbiz.de/10014187375
This paper investigates the links between locational conditions, innovative capabilities and internationalization of manufacturing SMEs. Two modes of foreign market servicing are explored: exporting activity and relocating of selected business activities abroad. The empirical analysis employs...
Persistent link: https://www.econbiz.de/10014040337
In this paper, we make multi-step forecasts of the monthly growth rates of the prices and rents for flats in 26 largest German cities. Given the small time dimension, the forecasts are done in a panel-data format. In addition, we use panel models that account for spatial dependence between the...
Persistent link: https://www.econbiz.de/10014040904