In this study we have addressed the relationship between the stock market, the measure of real economic activity (represented by the real GDP), the economic sentiment indicator, and real interest rate for the five European countries: Germany, France, Italy, the Netherlands, and the UK. We find...

Der Rückgang der Ausrüstungsinvestitionen, der Ende 2000 begonnen hatte, setzte sich bis zum zweiten Quartal dieses Jahres fort. Die Ausrüstungsinvestitionen sind saisonbereinigt von 45,1 Mrd. Euro im vierten Quartal 2000 auf 38,3 Mrd. Euro im zweiten Quartal dieses Jahres gesunken. Dies ist...

Im März 2000 hatte die Hausse an der Börse ihren Höhepunkt erreicht; der Deutsche Aktienindex (DAX) notierte zu dieser Zeit 8 000 Punkte. Die anschließende Talfahrt der Aktienkurse hielt, unterbrochen von vorübergehenden Erholungsphasen, drei Jahre an, in denen der DAX auf 2 200 Punkte...

We suggest to use Internet car sale price advertisements for measuring economic inequality between and within German regions. Our estimates of regional income levels and Gini indices based on advertisements are highly, positively correlated with the official figures. This implies that the...

We suggest to use Internet car sale price advertisements for measuring economic inequality between and within German regions. Our estimates of regional income levels and Gini indices based on advertisements are highly, positively correlated with the official figures. This implies that the...

The paper evaluates the quality of the German national accounting data (GDP and its use-side components) as measured by the magnitude and dispersion of the forecast/revision errors. It is demonstrated that government consumption series are the least reliable, whereas real GDP and real private...

Based on annual data for growth and inflation forecasts for Germany covering the time span from 1970 to 2007 and up to 17 different forecasts per year, we test for a possible asymmetry of the forecasters' loss function and estimate the degree of asymmetry for each forecasting institution using...

In this paper we study the determinants of international migration to Germany, 1967-2000. The empirical literature on macro-economic migration functions usually explains migration flows by a set of explanatory variables such as the income differential, employment rates, and migrations stocks as...