The paper investigates the sources of macroeconomic forecast errors in Germany. The predictions of the so-called "six leading" research institutes are analyzed. The forecast errors are discussed within an aggregate demand/supply scheme. Structural Vector Autoregressive Models are estimated to...

Abstract AbstractDie Implementierung der IFRS im Konzernabschluss erzwingt im Sinne einer Verbesserung der Qualität der bereit gestellten Informationen, Marktpreisapproximationen heranzuziehen und Ermessensentscheidungen zu treffen. Ob dies letztlich in positiven ökonomischen Konsequenzen...

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage...