Diesem Band liegt eine Weiterbildungsveranstaltung der Deutschen Statistischen Gesellschaft zugrunde, die von der Projektgruppe "Das Sozio-oekonomische Panel" (SOEP) (DIW Berlin) und dem Institut für Statistik und Mathematik der Universität Frankfurt am Main geplant und durchgeführt wurde....

The paper presents a theory of the demand for money that combines a special case of the shopping time exchange economy with the cash-in-advance framework. The model predicts that both higher inflation and financial innovation - that reduces the cost of credit - induce agents to substitute away...

This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our approach, based on the tests of Robinson (1994), introduces fractional integration and nonlinearities simultaneously into the same framework (unlike earlier studies employing a...