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Carstensen, Kai - 2003

This paper analyzes the question whether money demand in the Euro area has undergone a structural change in recent time when M3 money growth has considerably overshot the reference value set by the European Central Bank (ECB). It is found that conventional specifications of money demand have in...

Persistent link: https://www.econbiz.de/10010260468

Monetary Conditions in the Euro Area: Useful Indicators of Aggregate Demand Conditions?

Gottschalk, Jan - 2001

This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...

Persistent link: https://www.econbiz.de/10010260469

The Scope of Government and its Impact on Economic Growth in OECD Countries

Heitger, Bernhard - 2001

This paper investigates the relationship between the size of government and economic growth in OECD countries in 1960?2000. The underlying idea is that government expenditures on public goods basically have a positive effect on growth, but this growth effect tends to decline or even reverse when...

Persistent link: https://www.econbiz.de/10010260470

Berufliche Weiterbildung und Arbeitsplatzrisiko: Ein Matching-Ansatz

Christensen, Björn - 2001

Matching-Ansatz verwendet. Der Weiterbildungseffekt wird mittels eines Hazardrate-Modells mit "competing risks" geschätzt. Die … consideration of a potential sample selection bias a matching approach is applied. The data generated thereby is used for the … estimation of a hazardrate model with competing risks. The results of the estimations of the training effect show that the risk …

Persistent link: https://www.econbiz.de/10010260471

Fiscal Consolidation in Europe: Pre- and Post-Maastricht

Kamps, Christophe - 2001

Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed after the Maastricht Treaty came into force. Recently Giavazzi, Jappelli and Pagano (2000) found evidence that national saving responds nonlinearly to fiscal policy...

Persistent link: https://www.econbiz.de/10010260473

The Determinants of Reservation Wages in Germany Does a Motivation Gap Exist?

Christensen, Björn - 2001

This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high in Germany compared to other countries....

Persistent link: https://www.econbiz.de/10010260475

Business Cycle Fluctuations and International Financial Integration

Kizys, Renatas; Pierdzioch, Christian - 2004

Theoretical research on the determinants of business-cycle fluctuations implies that the degree of international financial integration can have important implications for the propagation of, e.g., macroeconomic policy shocks in an open economy. An important assumption underlying this research is...

Persistent link: https://www.econbiz.de/10010260476

Sources of Funds and Specialization Patterns of European Venture Capital Investments

Schertler, Andrea - 2004

This paper analyses the link between venture capitalists' sources of funds, such as banks and pension funds, and the specialization pattern of venture capital investments in particular industries and particular stages of enterprises' development. Based on a panel data set of Western European...

Persistent link: https://www.econbiz.de/10010260480

The "Employment Intensity" of Growth in Europe

Döpke, Jörg - 2001

The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment and growth is still stable in the nineties. However,...

Persistent link: https://www.econbiz.de/10010260482

Geldpolitik und vorausschauende Taylor-Regeln: Theorie und Empirie am Beispiel der Deutschen Bundesbank

Pierdzioch, Christian; Kamps, Christophe - 2002

and Gertler (1998, 2000) to study monetary policy in Germany in the period 1991 to 1998. The estimation results show that …

Persistent link: https://www.econbiz.de/10010260483