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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
-tech countries - such as the U.S. or Germany. Large CSP potential is not a sufficient condition for innovation, only developed …
Persistent link: https://www.econbiz.de/10014193728
Germany experienced a unique rise in the level of self-employment in the first two decades following unification … employees and the overall level of self-employment in West Germany, their explanatory power is much lower for the stronger … increase of solo self-employment and of self-employment in former socialist East Germany …
Persistent link: https://www.econbiz.de/10013028409
Austria and Germany assessing the impact of road charging (RC). The pricing policy measure is introduced for the private …
Persistent link: https://www.econbiz.de/10014046061
The 2008 Corporate Tax Reform Law was passed by the parliament in July 2007. It also reforms the trade tax. This applies both to the rate and to the tax base. In future, not only the interest on permanent debt will be included in the tax base, but also all interest paid as well as the financing...
Persistent link: https://www.econbiz.de/10012720920
an important policy issue in Germany. We analyze the distributional effects of the introduction of a nationwide legal … and had no negative employment effects. The ineffectiveness of a minimum wage in Germany is mainly due to the existing …
Persistent link: https://www.econbiz.de/10012724286
-employment in Germany. For the estimation I apply a microsimulation model which is based on the tax-benefit model STSM and on …
Persistent link: https://www.econbiz.de/10012724638
(Gewerbesteuer) is the main tax revenue source of municipalities in Germany. Liberal professionals, however, have traditionally been …
Persistent link: https://www.econbiz.de/10012725710
The request for a strengthening of academic research at the German economic research institutes by the German Science Council more than a decade ago was founded on the crucial insight that sound policy advice - the traditional task of the institutes - can only be guaranteed in the long term if...
Persistent link: https://www.econbiz.de/10012725711
This paper studies the determinants of naturalization among Turkish and ex-Yugoslav immigrants in Germany …, but not to those educated in Germany. We find that the degree of integration in German society has a differential effect … on citizenship acquisition. While a longer residence in Germany has a negative influence on actual or future …
Persistent link: https://www.econbiz.de/10012725845