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The Store-of-Value-Function of Money as a Component of Household Risk Management

Größl, Ingrid; Fritsche, Ulrich - 2007

We analyse how money as a store of value affects the decisions of a representative household under diversifiable and non-diversifiable risks given that the central bank successfully stabilizes the rate of inflation at a low level. Assuming exponential utility allows us to derive an explicit...

Persistent link: https://www.econbiz.de/10010273728

Treffgenauigkeit, Rationalität und Streuung von Konjunkturprognosen für Deutschland

Fritsche, Ulrich; Döpke, Jörg - In: Vierteljahrshefte zur Wirtschaftsforschung 75 (2006) 2, pp. 34-53

Persistent link: https://www.econbiz.de/10003353759

Growth and Inflation Forecasts for Germany : An Assessment of Accuracy and Dispersion

Fritsche, Ulrich; Döpke, Jörg - 2004

Based on a panel of German professional forecasts for 1970 to 2003 we find that growth and inflation forecasts are unbiased and weakly, but not strongly efficient. Besides the effect of diverging forecasting dates, no other substantial differences in forecasting quality are found among...

Persistent link: https://www.econbiz.de/10010260675

Die doppelte Währungsunion: Deutschland und Europa im wirtschaftlichen Integrationsprozess : ein Rückblick und ein Vergleich

Horn, Gustav A.; Fritsche, Ulrich; Scheremet, Wolfgang - In: Vierteljahrshefte zur Wirtschaftsforschung 69 (2000) 2, pp. 163-177

Persistent link: https://www.econbiz.de/10001489342

Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-run Divergence? Results from a Comparison with the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - 2007

Using unit labor cost (ULC) data from Euro area countries as well as US States and German L¨ander we investigate inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models. All in all we cannot reject convergence of ULC growth...

Persistent link: https://www.econbiz.de/10010260904

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir N. - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...

Persistent link: https://www.econbiz.de/10010260899

Estimating fundamental cross-section dispersion from fixed event forecasts

Dovern, Jonas; Fritsche, Ulrich - 2008

A couple of recent papers have shifted the focus towards disagreement of professional forecasters. When dealing with survey data that is sampled at a frequency higher than annual and that includes only fixed event forecasts, e.g. expectation of average annual growth rates measures of...

Persistent link: https://www.econbiz.de/10010265008

Anhaltende Divergenz bei Inflations- und Lohnentwicklung in der Eurozone: Gefahr für die Währungsunion?

Dullien, Sebastian; Fritsche, Ulrich - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 4, pp. 56-76

. To investigate a control group, we present results for unit labour cost dynamics in (West) Germany's Länder and the …

Persistent link: https://www.econbiz.de/10010377812

Leading indicators of German business cycles: An assessment of properties

Fritsche, Ulrich; Stephan, Sabine - 2000

A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference series. (2) The relation between the reference series and the indicator should be statistically significant and stable over time....

Persistent link: https://www.econbiz.de/10010324215

Declining Output Volatility in Germany : Impulses, Propagation, and the Role of Monetary Policy

Fritsche, Ulrich; Kuzin, Vladimir N. - 2004

We analyse the decline in output volatility in Germany. A lower level of variance in an autoregressive model of output … error term variance (reduced impulses). In Germany the decline output volatility is due to a decline in the persistence of … sudden break. The evolution of Germany's short-term real interest rate volatility coincides with the change of the …

Persistent link: https://www.econbiz.de/10010274489