Showing 1 - 10 of 80
We analyze the interaction of stock market movements and politics in Germany. In contrast to the empirical evidence …
Persistent link: https://www.econbiz.de/10010260493
Based on a panel of German professional forecasts for 1970 to 2003 we find that growth and inflation forecasts are unbiased and weakly, but not strongly efficient. Besides the effect of diverging forecasting dates, no other substantial differences in forecasting quality are found among...
Persistent link: https://www.econbiz.de/10010260675
This paper examines the consequences of using "real-time" data for business cycle analysis in Germany based on a novel …
Persistent link: https://www.econbiz.de/10010295638
We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …
Persistent link: https://www.econbiz.de/10010295798
Persistent link: https://www.econbiz.de/10000141007
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872
The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...
Persistent link: https://www.econbiz.de/10011473881
-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …
Persistent link: https://www.econbiz.de/10011474986
structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely "good luck". …
Persistent link: https://www.econbiz.de/10011475861
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications …
Persistent link: https://www.econbiz.de/10011476130