The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If participation in the labor force is constant, convergence of per capita income is implied. We investigate this hypothesis for the Iranian economy using data on demand deposits as a...

The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If participation in the labor force is constant, convergence of per capita income is implied. We investigate this hypothesis for the Iranian economy using data on demand deposits as a...

Von spekulativen Übertreibungen an den Vermögensmärkten können erhebliche makroökonomische Verluste für Produktion und Beschäftigung ausgehen. Solche Entwicklungen sollten möglichst frühzeitig und verlässlich erkannt werden, um eine Gegensteuerung durch entsprechende...

In diesem Bericht wird die chinesische Investitionsstrategie für Europa untersucht. Während die Investoren aus China in Westeuropa vor allem den Zugang zu fortschrittlicher Technologie suchen, geht es in Mittel- und Osteuropa vornehmlich um die Präsenz im Gemeinsamen Markt und den Ausbau von...

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...

In this paper, the authors construct country-specific chronologies of house price bubbles for 12 OECD countries over the period 1969:Q1-2009:Q4. These chronologies are obtained using a combination of fundamental and filter approaches. The resulting speculative bubble chronology is the one...

In this paper, the authors construct country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1-2009:Q4. These chronologies are obtained using a combination of a fundamental approach and a filter approach. The resulting speculative bubble chronology is...

In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1- 2010:Q2. These chronologies are obtained using a combination of a fundamental and a filter approaches. The resulting speculative bubble chronology is the one...