The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of...

This paper examines the role of exchange rate changes in the monetary policy for the Euro Area. Moreover, it compares different Taylor-type policy rules with respect to the numerical results as well as the impulse responses to exogenous shocks and the fit of the different data model...

This paper surveys the asymptotic distributions of three widely used single equation cointegration tests. Particular attention is paid to the case where the regressors are integrated with drift, i.e. at least one of the regressors follows a linear trend. Even if the regressions are not...

Die Studie "Evaluierung strategischer Optionen für Geschäftsmodelle im Immobilienbestandsmanagement" nimmt die zahlreichen Eigentümerwechsel in Immobilienbeständen zum Anlass, um die Reaktionen des Marktes auf gestiegene Renditeanforderung und Optimierungserfordernisse zu hinterfragen. Sie...