Der Beitrag untersucht den Zusammenhang von Migrationspolitiken und der sozialen und ökonomischen Adaption und Integration von Immigranten und deren Nachkommen. Es wird argumentiert, dass eine Politik temporärer Arbeits- und Aufenthaltsgenehmigungen negative Auswirkungen auf die Investitionen...

Dienstleistungen sind in Deutschland unterentwickelt, und es spricht vieles dafür, dass hier Wachstumspotentiale liegen. Durch die Korrelation der Dienstleistungsbeschäftigung in den verschiedenen EU-Ländern mit Indikatoren für unterschiedliche, in der theoretischen Debatte genannte...

Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these optimal portfolios to the actual cross-border assets of banks...

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional brick-and-mortar stores and provides a cross-country perspective. The data set covers a broad range of items typically sold over the Internet. It includes more than 5 million...

This paper proposes an equilibrium relationship between expected exchange rate changes and differentials in expected returns on risky assets. We show that when expected returns on a risky asset in a certain economy are higher than the returns that are expected from investing in a risky asset in...