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Changes in the field of security since the 1990s triggered off a number of still continuing military transformations in liberal democracies. Since their armed forces were designed for the purposes of the bipolar Cold war security constellation, they have been “redesigned” according to the...
Persistent link: https://www.econbiz.de/10010298990
The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A particular focus is on the size of monetary policy committees, the degree of centralization, and the representation of relative economic size in the voting rights of regional (or...
Persistent link: https://www.econbiz.de/10010299091
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10010299115
Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United States, the United Kingdom and Germany between 1871 and 2009. We identify for each country three distinct regimes in inflation/unemployment space. There is considerable...
Persistent link: https://www.econbiz.de/10010299186
Persistent link: https://www.econbiz.de/10010299190
This paper uses the findings of a very recent major international research collaboration on the impact of federal arrangements on the development of the welfare state to explore the possibilities of progress beyond Europe's present diversity of nation-state welfare standards. These findings -...
Persistent link: https://www.econbiz.de/10010299202
Kenngrößen wie der Produktivität, der Qualifikationsstruktur und den Löhnen, wobei Mikrodaten für die USA und Deutschland … durchschnittlichen Einfluss der Einführung neuer Technologien auf die Produktivität und die Löhne in den USA als in Deutschland. … verwendet wurden. Dabei kann die Hypothese unterstützt werden, dass in den USA Betriebe stärker experimentieren - gemessen …
Persistent link: https://www.econbiz.de/10010299237
Staaten auf Deutschland übertragen. Dabei wird ein so genanntes factor-augmented vector autoregressive model (FAVAR) auf einen … US-amerikanischer Schocks zum jüngsten Abschwung in Deutschland abgeschätzt. …
Persistent link: https://www.econbiz.de/10010299849
This paper compares trends in wage inequality in the U.S. and Germany using an approach developed by MaCurdy and Mroz (1995) to separate age, time, and cohort effects. Between 1979 and 2004, wage inequality increased strongly in both the U.S. and Germany but there were various country specific...
Persistent link: https://www.econbiz.de/10010300009
Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...
Persistent link: https://www.econbiz.de/10010300031