Nach dem schwachen Jahresausklang 2012 wird das reale Bruttoinlandsprodukt in Deutschland in diesem Jahr um 0,7 Prozent wachsen. Die wirtschaftliche Entwicklung gewinnt jedoch im Verlauf des Jahres 2013 zunehmend an Kraft, so dass die deutsche Wirtschaft im kommenden Jahr um 1,6 Prozent wachsen...

Die deutsche Wirtschaft wird bis zum Jahr 2017 deutlich stärker wachsen als in den vergangenen fünf Jahren. Dabei wird die Dynamik immer mehr durch die Binnenwirtschaft getragen, und der Aufbau der Beschäftigung setzt sich fort. Die öffentlichen Haushalte werden in der mittleren Frist mit...

This paper uses cross country regression analysis on a large set of countries to consider two hypotheses. The first is that increased public debt as a percentage of the economy reduces confidence in financial institutions. The second is that increased public debt relative to the economy lowers...

The paper investigates exchange rate determination in Kenya using vector error correction model approach to uncover the long run relationships. The empirical results show that current account balance has a role to play in the determination of the exchange rate. A rise, which denotes an...

This paper provides future researchers of economic structure with a model for building a social accounting matrix (SAM), that is, a unique countrywide database for use in structural analysis, and applies this model to the empirical investigation of the economic structure of Pakistan. Our...

This article examines the impact of news about the Bank of Japan monetary policy announcements regarding the Japanese yen, US dollar, and the Euro interest rates. Whether or not the announcements from the monetary authorities impact the domestic markets is related to the success of their...

The classical APT model is of the form r j - E(r j) = beta j(I - EI) + epsilon j, where r j - E(r j) is the earning deviation (called basic ariance-profit) of the security j, I is a common factor. This paper considers the impact on the securities return caused by the skewness and kurtosis of the...