International analysis of economic growth has confirmed the theoretical assumption that international variations in per capita income can to a large extent be explained by differences in the accumulation of capital and human capital and by differing rates of technological progress. However,...

In dieser Studie wird die Genauigkeit der Inflationsmessung in Deutschland am Beispiel des Preisindex für die Lebenshaltung theoretisch und empirisch untersucht. In vergleichbaren Untersuchungen, wie sie bisher insbesondere für die USA angestellt wurden, sind vier wichtige ,,Fehler-" quellen...

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and statedependent price adjustment. Most importantly, the...

This paper documents patterns of price setting at the retail level in the euro area, summarized in six stylized facts. First, the average euro area monthly frequency of price adjustment is 15 p.c., compared to about 25 p.c. in the US. Second, the frequency of price changes is characterized by...

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the...

In several studies, hedonic methods have been used successfully for the ex post assessment of the accuracy of inflation measurement. Most of those studies relate to high-tech products, with respect to which traditional methods of compiling price indices often fail. We apply hedonic methods to...

Sustainable investments cannot focus on profit maximization alone, they also have to contribute to the future of mankind in terms of ecological and social-cultural challenges. How to apply this definition for financial investments is a broadly discussed topic for asset-managers with regard to...