first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

in open economy macroeconomics, its empirical evidence, particularly when cointegration methods are used, is rather mixed … Johansen tests for presence of cointegration. However, it could not found empirical support in favour of the above relationship …

. However, empirical support for the relationship, especially when cointegration-based methods are used, is rather weak. In this … first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …