Using recently developed modelling methodology of Economic Tracking Portfolios (ETP), we find that it is possible to forecast future values of inflation and changes in industrial production in the United States and at least three core euro countries – Italy, France and Germany – utilising...

Whether there should be transparency in political finance? Whether there should be a control over the money that the political parties are receiving?

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We find significant differences in the mean age at death by month of birth on the basis of 15 million US death certificates for the years 1989 to 1997: Those born in fall live about 0.44 of a year longer than those born in spring. The difference depends on race, region of birth, marital status,...

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

"Im Jahr 1984 trat der von Präsident Ronald Reagan erlassene "Job Sharing Partnership Act" (JTPA) - das amerikanische Gegenstück zum bundesdeutschen Arbeitsförderungsgesetz - in Kraft. Das Kernstück dieser gesetzlichen Neuregelung bilden die sog. "Private Industry Councils" (PICs). Diese...