Zusammenfassung Die vorliegende Arbeit analysiert die Wechselkursdynamik eines glaubwürdig angekündigten, zeitlich fest anvisierten Übergangs von flexiblen zu festen Wechselkursen auf der Grundlage eines monetären Wechselkursmodells mit flexiblen Preisen. Verschiedene währungspolitische...

Summary This paper reviews various mobility measures and establishes their asymptotic sampling distribution. The focus is on both transition matrix mobility measures and mobility measures which are based on the reduction in inequality occurring when the accounting period is extended. Statistical...

Summary We compare projection methods with the standard value function grid algorithm in order to solve overlapping generations models. We apply the methods to a particular 60-period OLG model with elastic labor supply in order to study the effects of unfunded public pensions on aggregate...

Summary This note investigates the structure of dominance relations in daily returns of 32 German assets during the 1990s. We focus on stochastic dominance of first, second and third order but meanvariance and mean-Gini dominance is also considered. Efficient (i. e., nondominated) sets of assets...