This paper discusses a large-scale factor model for the German economy. Following the recent literature, a data set of 121 time series is used via principal component analysis to determine the factors, which enter a dynamic model for German GDP. The model is compared with alternative univariate...

Summary This paper discusses a large-scale factor model for the German economy, Following the recent literature, a data set of 121 time series is used to determine the factors by principal component analysis. The factors enter a linear dynamic model for German GDP. To evaluate its empirical...

This paper discusses a large-scale factor model for the German economy. Following the recent literature, a data set of 121 time series is used via principal component analysis to determine the factors, which enter a dynamic model for German GDP. The model is compared with alternative univariate...

Infolge der wachsenden Integration der internationalen Güter- und Kapitalmärkte ist eine Angleichung der Realzinssätze unterschiedlicher Länder zu erwarten. Im Beitrag wird diese Hypothese für die Länder der G7 untersucht und mit panelökonometrischen Verfahren bestätigt.