Showing 1 - 9 of 9
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872
The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...
Persistent link: https://www.econbiz.de/10011473881
-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …
Persistent link: https://www.econbiz.de/10011474986
structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely "good luck". …
Persistent link: https://www.econbiz.de/10011475861
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications …
Persistent link: https://www.econbiz.de/10011476130
The present paper uses German annual data covering the period 1969-2000 to present evidence on the link between aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm predictions of contributions to the theoretical...
Persistent link: https://www.econbiz.de/10011476471
The paper investigates the sources of macroeconomic forecast errors in Germany. The predictions of the so-called "six … Arbeitsgemeinschaft wirtschaftswissenschaftlicher Forschungsinstitute in Deutschland. Die Prognosefehler werden im Rahmen eines …
Persistent link: https://www.econbiz.de/10011476550
Wohnungsbauinvestitionen in Deutschland untersucht. Die Indikatoren werden auf Basis theoretischer Erwägungen oder wegen ihres technischen …
Persistent link: https://www.econbiz.de/10011495601
Persistent link: https://www.econbiz.de/10002055097