Die in INGRES implementierte Datenbank des Sozio-ökonomischen Panels (DIW, Berlin) hat einen beständig wachsenden Benutzerkreis gefunden. Um den Umgang mit der Panel-Datenbank auch gelegentlichen Anwendern zu ermöglichen, wurde die benutzerfreundliche Oberfläche PINGUIN (= Panel Information...

In this paper, we derive an equilibrium in which some investors buy call/put options on the market portfolio while others sell them. Also, some investors supply and others demand forward contracts. Since investors are assumed to have similar risk-averse preferences, the demand for these...

The paper is an attempt to generalise some empirical evidence on the relationships between technology transfer and structural adjustment in the new market economies in Central and Eastern Europe. The Polish experience in 1989-1995 is selected as a point of reference. It is argued that ten...

International policy coordination has been one of the fastgrowing research topics in open-economy macroeconomics in the eighties. Recommendations of economic theory towards coordination of macropolicy at a supranational level, taken up as a guideline in the negotiations of the leading economic...

The paper questions the view that international tax relations had a decisive impact on the dismissal of expenditure tax scenarios as guidelines for recent national tax reforms in industrialized countries. It is argued that the introduction of consumption-type value-added tax systems must be...

This paper analyses second-best optimal environmental policies in the presence of a double dividend. Using a partial equilibrium model, the paper first reconfirms the well-known result that the existence of a double dividend (in its weak form) favours environmental policy instruments which -...

In diesem Beitrag wird untersucht, welche Faktoren die Vergabe von finanziellen Hilfeleistungen an die Länder der Dritten Welt bestimmen. Die positive Analyse stellt auf die Interessen und die Einflußmöglichkeiten der beteiligten Akteure im politischen Entscheidungsprozeß ab. Zwei...

In an open economy, a country may borrow in order to accumulate capital. The paper compares the case of foreign borrowing with a scenario in which a country accumulates capital internally by postponing consumption. The impact of borrowing on the time profile of consumption and of debt is...

The accuracy of U.N. population projections is examined. The goal is to measure the amount of uncertainty associated with past projections of the United Nations in order to provide a reaiistic measure of the uncertainty in the projection that the U.N. makes in the future. Various descriptive...

This paper compares the attractiveness of floor trading and anonymous electronic trading systems. It is argued that in times of low information intensity the insight into the order book of the electronic trading system provides more valuable information than floor trading, but in times of high...