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This paper analyses the effects of discretionary fiscal policy by presenting new empiricalevidence for Germany within a structural vector autoregression (SVAR) framework. FollowingBlanchard and Perotti (2002), the SVAR model is identified by applying institutionalinformation. We find no...

We investigate to what extent convergence in production levels per worker has beenachieved in Germany since unification. To this end, we model the distributionof GDP per employee across German districts using two-component normal mixtures.While in the first year after unification, the two...

With a population of 82.5 million, the German market is the largest in the EU and therefore of specialinterest for the trade partners. Despite an unsatisfying economic development in the last years (lowestGDP growth in the EU and rising unemployment, see Table 9 in the annex) Germany is still a...

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to explicitly distinguish union...

In order to con¯ne excessive levels of temporary layo®s, US ¯rms are taxed - albeit incom-pletely - according to the unemployment insurance bene¯ts claimed by their laid o® workers.In contrast, German construction ¯rms are not charged according to their layo® historyand should thus have...

In this paper the authors want to analyse the connection between organisational structure and the performance (efficiency) of the members of the organisation, especially german universities.

This paper describes the available annuity contracts and determines their money's worth for diffrent subgroups of the population.

The paper presents empirical findings from two case studies in the German automobileindustry. The cases are used to discuss contemporary attempts by corporate management toimplement new governance and control practices within the firm. These attempts follow anew paradigm, or “Leitbild”, of...