In contemporary labor economics increasing attention is paid to the fact that unemployment is not only a stock but also a flow phenomenon. The present micro-econometric study analyses the impact of important socio-economic characteristics on unemployment duration in West Germany. Based on a...

This book develops a unifying model, in which most of the market and personal determinants are integrated and set into perspective. It is shown how the developed unifying model can be converted into the well-known logit/probit models with estimable parameters. In this way these latter models are...

A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure...

This book shows three specific characteristics: First, the focus of many of the investigations is on the analysis of micro data. As the issue of competitiveness is closely linked to the performance, the costs, and the efficiency of the production of financial services by individual banking...

The book is concerned with the main issues that arise for general commodity taxation in the internal market: the choice of a new international tax principle and the question of tax rate harmonization. The book provides a thorough discussion of these issues and evaluates the choices made by the...

The book's central task is to look into the possibility of explaining theoretically the phenomenon of systemic change which we are observing rightnow in Central and Eastern Eu- rope. The process of transformation has economic, social, political, cultural and historical implications and is con-...

The subject of the book is an attempt to look for the theoretical foundations of the central bank policy of a future European Central Bank. In part 1, the Bundesbank's current monetary policy is described as an example for a pragmatic monetarist approach to central bank policy. This approach is...