We used Wall Street Journal survey data for the period 2006 - 2010 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from)...

Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local amenities and disamenities. The results are compared...

The scientific literature provides evidence for an impact of company taxes on investments. Practitioners, however, have a skeptical view on the meaning of this effect. This paper builds the bridge between research and the interested practice by providing detailed descriptives and clearly showing...

The study concentrates on the relationship between disaggregate energy consumption and industrial output in Pakistan by utilizing the Johansen Method of Cointegration. The results confirm the positive effect of disaggregate energy consumption on industrial output. Furthermore, bidirectional...

Does attendance matter? This question is not only the title of several research papers on this topic but has still not been answered conclusively yet. In general, studies find positive but mostly weak correlations between attendance and performance. However, due to technological changes in...

"Die Arbeit untersucht, wie stabil die Ergebnisse der jüngst vom Institut für Arbeitsmarkt- und Berufsforschung veröffentlichten Berechnungen zur Stillen Reserve für den Zeitraum von 1970 bis 2002 hinsichtlich der zentralen Modellannahme über die Höhe der Vollbeschäftigung sind. Dazu...

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices over the January 1989 - January 2001 period. Our results indicate that time-dependent features are very important, particularly an infinite mixture of Calvo pricing rules and...