This paper focuses on some of the macroeconomic risks that lie ahead for Latin America. The discussion is informed by my work on crises and capital flows and their macroeconomic consequences. The trends and initial conditions that allowed the region to weather the global economic storm of...

In this note, we attempt to place the question of how we got to the global financial crisis that began as the US Subprime debacle in the summer of 2007 in the context of an international and historical comparative setting. It is of some poignancy that the “we” here refers to the wealthiest...

German and United States data from the Luxembourg Income Study are used to compare the relative economic well-being of Germans and Americans in the 1980s. In our analysis we use both official equivalence scales and consumption-based country-specific equivalence scales developed for Germany and...

Equivalence scales are a prerequisite for any economic well-being comparison with measures on income distribution, inequality and poverty. This paper provides equivalence scales based on revealed preference consumption microdata for West Germany 1983. It is a part of a joint US and German...

Zielsetzung der Untersuchung ist es, die Charakteristika und Bestimmungsfaktoren für eine Existenzgründung von Freiberuflern und Unternehmern (sonstige Selbständige) in der Bundesrepublik Deutschland anhand des Sozio-ökonomischen Panels (SOEP) für die Jahre 1991 bis 2001 aufzuzeigen. In...

The economic transformations of modern industrial societies have changed the labor markets in terms of industrial relations and occupational structure. The transformation of the traditional welfare state, the deregulation of the labor markets, the technological change and the reorganization of...

The standard pattern: capital flows into the new “hot” nation, but then stop or reverses forcing painful adjustment. This column presents research based on such episodes from 181 nations during 1980-2007 and for a subset of 66 nations for the 1960-2007 period. If the pattern of the past few...

We highlight in this note how an application of a similar estimation approach as ours to Colombian data for a more recent period following financial and capital account liberalization may find that the money supply is "endogenous" (i.e. demand-determined as long as the exchange rate is heavily...

Individuelle Wohlfahrtsanalysen konzentrieren sich traditionell auf das monetäre Einkommen. Erst in jüngerer Zeit erlangt die Zeitdimension, der zeitliche Aufwand das jeweilige Einkommen zu erzielen, an Bedeutung auch für die Analyse von materieller Ungleichheit (Stichwort: flexible...

Ziel dieser Studie ist die empirisch fundierte Untersuchung der tageszeitlichen Nachfrage nach Serviceleistungen. Datengrundlage hierfür ist die Zeitbudgeterhebung 2001/2002 des Statistischen Bundesamtes. Den Rahmen für unsere Analyse bilden die neuen Regulierungen der Ladenschlusszeiten in...