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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 … financial sectors leading to the blurring of boundaries between banking, insurance and securities activities. The aim of this … 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
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Payout Policy and Owners? Interests: Evidence from German Savings Banks
Kleff, Volker; Weber, Martin - 2005
The savings banks? decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks? payout...
Persistent link: https://www.econbiz.de/10010297471
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Capital policy of German savings banks: a survey
Kleff, Volker - 2005
In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks? target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...
Persistent link: https://www.econbiz.de/10010297475
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Efficient Revenue Sharing and Upper Level Governments: Theory and Application to Germany
Buettner, Thiess; Hauptmeier, Sebastian; Schwager, Robert - 2006
in Germany. The results suggest that attempts of state level governments to extract fiscal resources from the local …
Persistent link: https://www.econbiz.de/10010297521
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Industry-level wage bargaining : a partial rehabilitation ; the German experience
Fitzenberger, Bernd; Franz, Wolfgang - 1999
In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be …
Persistent link: https://www.econbiz.de/10010297632
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Wage rigidities in Western Germany? Microeconometric evidence from the 1990s
Puhani, Patrick A. - 2001
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010297774
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Forecasting economic activity in Germany: how useful are sentiment indicators?
Schröder, Michael; Hüfner, Felix P. - 2002
We analyze four economic sentiment indicators for the German economy regarding their ability to forecast economic activity. Using cross correlations and Granger causality tests we find that the ifo business expectations (ifo), the Purchasing Managers Index (PMI) and the ZEW Indicator of Economic...
Persistent link: https://www.econbiz.de/10010297904