Showing 1 - 10 of 72
Persistent link: https://www.econbiz.de/10001330753
Persistent link: https://www.econbiz.de/10001195890
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
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
Persistent link: https://www.econbiz.de/10012022914
Persistent link: https://www.econbiz.de/10011549786
Persistent link: https://www.econbiz.de/10010494017
We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the...
Persistent link: https://www.econbiz.de/10010480242