The European debt crisis has revealed serious deficiencies and risks on a proper functioning of the monetary union. Against this backdrop, early warning systems are of crucial importance. In this study that focuses on euro area member states, the robustness of early warning systems to predict...

We explore the long and short run relationship between private consumption, disposable income and housing and financial wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated in their common, but not in their idiosyncratic...

This paper investigates the link between health care expenditures and GDP for a sample of 21 OECD countries using recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that health care expenditures are not only determined by income....

Von der Preisentwicklung geht derzeit ein erhebliches Risiko für die weitere wirtschaftliche Entwicklung aus. Die Teuerungen bei Lebensmitteln und Energie haben die Kaufkraft der Arbeitnehmer reduziert und dämpfen auf diese Weise die Erholung des privaten Verbrauchs, auf der die...

Von der Preisentwicklung geht derzeit ein erhebliches Risiko für die weitere wirtschaftliche Entwicklung aus. Die Teuerungen bei Lebensmitteln und Energie haben die Kaufkraft der Arbeitnehmer reduziert und dämpfen auf diese Weise die Erholung des privaten Verbrauchs, auf der die...

In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and...

This paper investigates the link between health care expenditures and GDP for a sample of 21 OECD countries using recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that health care expenditures are not only determined by income....