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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/10003949496
-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/10003952833
We exploit migration patterns from the UK to Australia, South Africa, and the US to investigate whether a person's decision to smoke is determined by culture. For each country, we use retrospective data to describe individual smoking trajectories over the life-course. For the UK, we use these...
Persistent link: https://www.econbiz.de/10009696931
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10013153976
rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … highest and most equally distributed homeownership in this country as well. The mortgage market in Germany is on the other …
Persistent link: https://www.econbiz.de/10003726010
and the Socio-Economic Panel in Germany we find gains from economic growth in the United States over their 1990s business …-1989). Furthermore, they were more equitably distributed than were the gains in Germany over their 1990s business cycle (1991 … States and Great Britain the entire income distribution moved upward in the 1990s. In Germany, as was the case in the United …
Persistent link: https://www.econbiz.de/10003315460
This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10003898577
Using unit labor cost (ULC) data from Euro area countries as well as US States and German La͏̈nder 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...
Persistent link: https://www.econbiz.de/10003439998
This paper compares child poverty dynamics cross-nationally using panel data from seven nations: the USA, Britain …, Germany, Ireland, Spain, Hungary and Russia. As well as using standard relative poverty definitions the paper examines flows … transition has led to a much higher degree of mobility. Interestingly, the USA, which has the highest level of relative poverty …
Persistent link: https://www.econbiz.de/10011433962
differences between the Anglo-Saxon countries and Germany in terms of prevalence and extent of IR as well as in terms of the …
Persistent link: https://www.econbiz.de/10011435844