The present paper examines the joint effect of fixed-term employment and work organization on job satisfaction using individual-level data from the German Socio-Economic Panel GSOEP). Specifically, we analyze whether workers who are heterogeneous in terms of the type of working contract...

As is well known, the uncovered interest rate parity fails in the short run but usually holds in the long run. This paper analyses the long and short run interest rate parity of 10 mayor OECD currencies and finds that there is a long run failure of the uncovered interest rate parity condition...

This paper examines properties of mean-variance inefficient proxieswith respect to producing a linear relation between expected returnsand betas. The numerical results of a Monte Carlo simulation showthat in the CAPM slightly inefficient, positively weighted proxies causean almost perfect linear...

Die Diskussion über die Qualität guter Corporate Governance und derenAuswirkung auf den Unternehmenswert beschäftigt Wissenschaft und Praxisseit mehreren Jahren. Allerdings existiert noch keine umfassende empirischeStudie zum Einfluss der Corporate Governance auf den...

This paper analyses the intergenerational income mobility for natives and immigrants inSwitzerland. An IV approach based on data from two different data sets is used. As there is noadequate data on fathers, I revert to information from a period that differs from actual fathers’work period....

This paper analyzes forward-looking monetary policy rules in structural VAR’s. First, anapproach for modeling a monetary policy which aims at a strict medium term inflation or outputgrowth target is developed. Second, the ex ante inflation-output-growth volatility trade-off for...

We shed new light on the negative relationship between real stock returns or real interestrates and (i) ex post inflation, (ii) expected inflation, (iii) unexpected inflation and (iv)changes in expected inflation. Using the structural vector autoregression methodology, wepropose a decomposition...