Das Buch untersucht die Rolle der Bundesrepublik Deutschland im Rahmen eines integrierten Europas. Der erste Teil des Buches beschäftigt sich mit den wirtschaftlichen und politischen Potentialen Deutschlands sowie mit den politischen Aktivitäten, mit denen versucht wird, die sozialen Problem...

This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies, we use output gaps estimated with unrevised real-time GDP data. This exercise assumes an information set similar to that available to a policymaker at a given point in time...

The empirical analysis indicates that in the Federal Republic the unemployed primarily influence the relationship between the level of real wages and productivity, rather than the growth of wages. This result suggests a distinction between an equilibrium natural rate of unemployment, which is...

This paper studies the relationship between real wages and unernployment in Europe. It finds no evidence that high real wages are responsible for the differing behavior of unemployment in Europe as contrasted with the U. S., and across European countries finds patterns of real wage behavior that...