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Investment and employment adjustment after unification : some results from a macroeconometric disequilibrium model
Radowski, Daniel; Smolny, Werner; Winker, Peter - 1999
The macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in … 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East Germany, in contrast, unification induced … unification are reported. The estimates are based on a disequilibrium model formerly developed for West Germany and extended in …
Persistent link: https://www.econbiz.de/10010297654
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Modeling German unification in a disequilibrium framework
Winker, Peter; Smolny, Werner; Radowski, Daniel - 1999
Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas … concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after … Germany. The challenge is to handle the structural break in the time series and the economic model by applying a SUR estimator …
Persistent link: https://www.econbiz.de/10010297659
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International spillovers and feedback: Modelling in a disequilibrium framework
Winker, Peter; Beck, Martin - 2000
first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The …
Persistent link: https://www.econbiz.de/10010297698
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The unification bonus (malus) in postwall Eastern Germany
Beblo, Miriam; Collier, Irwin L.; Knaus, Thomas - 2001
This paper presents estimates of the unification bonus for East Germans over the period 1991 to 1998. The unification bonus is defined as the discounted value of the difference between a person?s actual income and his or her counterfactual real income stream forecast for a hypothetical...
Persistent link: https://www.econbiz.de/10010297766
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Is Portugal really so arteriosclerotic? Results from a cross-country analysis of labor adjustment
Addison, John T.; Teixeira, Paulino - 1999
Reputation indexes of employment protection have proven popular constructs in studies of the covariation of labor market institutions and macroeconomic outcomes. Portugal occupies an unenviable rank order in such measures of the stringency of employment protection. We critique this reputation in...
Persistent link: https://www.econbiz.de/10010297630
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Tarifbindung und die ökonomische Rationalität von Lohnrigiditäten
Franz, Wolfgang; Pfeiffer, Friedhelm - 2001
quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …
Persistent link: https://www.econbiz.de/10010297735
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What Determines the ZEW Indicator?
Hüfner, Felix P.; Lahl, David - 2003
This paper analyzes which factors are driving the ZEW Indicator of Economic Sentiment. Using the results of a poll among survey participants as well as Granger causality tests we identify three groups of influence factors: other sentiment indicators, financial variables and real economy data. In...
Persistent link: https://www.econbiz.de/10010297299
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Auswirkungen von Erbschaften und Schenkungen auf die Vermögensbildung privater Personen und Haushalte: Eine ökonometrische Analyse auf der Basis des Sozio-oekonomischen Panels
Westerheide, Peter - 2004
Die Untersuchung analysiert das Sparverhalten der über 30- bis unter 50jährigen Personen bzw. Haushalte mit Haushaltsvorständen in dieser Altersgruppe in Reaktion auf erhaltene Erbschaften bzw. Transfers zu Lebzeiten. Zugrunde liegen aktuelle Daten des Sozio-oekonomischen Panels. Mittels...
Persistent link: https://www.econbiz.de/10010297351
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Integrated Financial Supervision in Germany
Schüler, Martin - 2004
With the establishment of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in May 2002 Germany followed the … authority in Germany. Moreover, BaFin?s tasks and structure are discussed. …
Persistent link: https://www.econbiz.de/10010297360
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Centralizing Tendencies in the Public Sector in Germany
Stegarescu, Dan - 2005
This paper investigates the long-term trend and the underlying determinants of public sector centralization in Germany … of Germany. …
Persistent link: https://www.econbiz.de/10010297454