Summary We analyse German public finances against a theoretical background using a unique database, retrieved from multiple sources covering the period between 1850 and 2010.Multiple currency crises and force majeure offer anecdotal evidence contradicting the historical perception of Germany...

The aim of this paper is to analyze empirically the interaction between monetary and fiscal policy in a small open transition economies: the case the Republic of Macedonia. This paper employs SVAR methodology to examine jointly the impact monetary and fiscal policy on real GDP and prices. The...

We analyse German public finances against a theoretical background using a unique database, retrieved frommultiple sources covering the period between 1850 and 2010.Multiple currency crises and force majeure offer anecdotal evidence contradicting the historical perception of Germany being the...

The autoregressive fractionally integrated moving average (ARFIMA) processes are one of the best-known classes of long-memory models. In the package <Emphasis FontCategory="NonProportional">afmtools for <Emphasis FontCategory="NonProportional">R, we have implemented a number of statistical tools for analyzing ARFIMA models. In particular, this package contains functions for...</emphasis></emphasis>

The recent macro-finance literature does not agree either about the empirical properties of the expectation part and of the term premium on long-term bonds or about the importance or even the direction of the relationship between the term premium and future economic activity. This paper proposes...