What are the long-term effects of Communism on economically relevant notions such as social trust? To answer this question, we use the reunification of Germany as a natural experiment and study the post-reunification trajectory of convergence with regard to individuals' trust and risk, as well...

Der vorliegende Beitrag untersucht die mentalen Diskrepanzen und Unterschiede in der Auffassung ökonomisch relevanter Präferenzparameter wie Vertrauen und Risikoeinstellung zwischen Ost- und Westdeutschen und geht der Frage nach: Ist Konvergenz bei den untersuchten Größen zwischen Ost und...

Der vorliegende Beitrag untersucht die mentalen Diskrepanzen und Unterschiede in der Auffassung ökonomisch relevanter Präferenzparameter wie Vertrauen und Risikoeinstellung zwischen Ost- und Westdeutschen und geht der Frage nach: Ist Konvergenz bei den untersuchten Größen zwischen Ost und...

Der vorliegende Beitrag untersucht die „mentalen“ Diskrepanzen und Unterschiede in der Auffassung ökonomisch relevanter Präferenzparameter wie Vertrauen und Risikoeinstellung zwischen Ost- und Westdeutschen und geht der Frage nach: Ist Konvergenz bei den untersuchten Größen zwischen Ost...

This study investigates reactions to real exchange rate changes in the German, French and UK automobile and mechanical engineering sectors using monthly data from 1995 to 2010. Our findings indicate that EUR/USD appreciations hamper exports, but do not necessarily imply an aggravated business...

Against the backdrop of a growing national and international accountability movement in education outcomes, this study sets up a simple model of yardstick competition with incumbent-disciplining effects through voters comparing performance measures of public education both across nations and...

Dynamic factor models based on Kalman Filter techniques are frequently used to nowcast GDP. This study deals with the selection of indicators for this practice. We propose a two-tiered mechanism which is shown in a case study to produce more accurate nowcasts than a benchmark stochastic process...

This paper investigates whether a nation's contingent value of hosting a mega-event depends on past experience with implied public goods benefits for its residents. Applying data from an ex-ante and ex-post query based on contingent valuation methods, we use the FIFA World Cup 2006 as a natural...

This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not...