This paper analyses the effects of discretionary fiscal policy by presenting new empiricalevidence for Germany within a structural vector autoregression (SVAR) framework. FollowingBlanchard and Perotti (2002), the SVAR model is identified by applying institutionalinformation. We find no...

We investigate to what extent convergence in production levels per worker has beenachieved in Germany since unification. To this end, we model the distributionof GDP per employee across German districts using two-component normal mixtures.While in the first year after unification, the two...

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to explicitly distinguish union...

Alle wollen eine bessere Nährwert-Kennzeichnung.Darüber gibt es keinerlei Dissens. Auch dieLebensmittelindustrie sieht das Unwohlsein derVerbraucher und ist bemüht, das Vertrauen derKonsumenten in Lebensmittelprodukte zurückzugewinnen.Der Teufel steckt im Detail. Als...