An attempt is made to explain theoretically the recent rise and decline of the dollar exchange rate. The notion which attributes the 1980-87 dollar movement to destabilizing speculation is rejected because it is inconsistent with the data. A "refined transfer approach of exchange rate movements"...

In the past, information on residential property price developments in Germany could be inferred only from a small number of indicators of sometimes dubious quality. These indicators often lacked a clear methodological foundation and had a restricted coverage. Moreover, they gave - to some...

In this paper, we review the German practice of imputing the costs of owner-occupied housing by increasing the relative weight of actual rents in the CPI. As the structure of owner-occupied housing differs substantially from that of rental housing, this variant of the imputation method may cause...