Narrow search
Showing 1 - 10 of 497
Cover Image
Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10010297607
Cover Image
How integrated are the European retail financial markets? A cointegration analysis
Heinemann, Friedrich; Schüler, Martin - 2002
, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …
Persistent link: https://www.econbiz.de/10010298099
Cover Image
China's Exchange Rate Appreciation in the Light of the Earlier Japanese Experience
McKinnon, Ronald - 2006
For creditor countries on the periphery of the dollar standard such as China with current account surpluses, foreign mercantile pressure to appreciate their currencies and become more flexible is misplaced. Just the expectation of variable exchange appreciation seriously disrupts the natural...
Persistent link: https://www.econbiz.de/10010297543
Cover Image
Modeling German unification in a disequilibrium framework
Winker, Peter; Smolny, Werner; Radowski, Daniel - 1999
unification. Our paper presents results from the estimation of a macroeconometric disequilibrium model formerly developed for West … Strukturbruch in den Zeitreihen zu finden, zum anderen darin, die strukturellen Veränderungen in den Modellgleichungen mittels eines …
Persistent link: https://www.econbiz.de/10010297659
Cover Image
Public deficits and borrowing costs: the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...
Persistent link: https://www.econbiz.de/10010297752
Cover Image
EMU and fiscal discipline: the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10010297592
Cover Image
Real-time macro monitoring and fiscal policy
Ley, Eduardo; Misch, Florian - 2014
This paper considers the effects of inaccurate real-time output data on fiscal policy, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final figures...
Persistent link: https://www.econbiz.de/10010460703
Cover Image
Real-time macro monitoring and fiscal policy
Ley, Eduardo; Misch, Florian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper considers the effects of inaccurate real-time output data on fiscal policy, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final figures...
Persistent link: https://www.econbiz.de/10011122565
Cover Image
The Power Law and Dividend Yields
Lüders, Erik; Lüders-Amann, Inge; Schröder, Michael - 2004
Recent research suggests that the power law is one of the most universal laws in nature and it also seems to work quite fine in economics and finance. In this paper we show that the power law explains extremely well the relationship between the value of broad-based market indices and their...
Persistent link: https://www.econbiz.de/10010297376
Cover Image
Linkages between international securitized real estate markets: Further evidence from time-varying and stochastic cointegration
Schindler, Felix; Voronkova, Svitlana - 2010
bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and … results from different cointegration methodologies and explicitly control for instability in cointegration relationships and … covering 20 years. In line with previous studies, the empirical results indicate several cointegration relationships between …
Persistent link: https://www.econbiz.de/10010301690