This article investigates the relationship between FDI and business cycle synchronization in the period 1982 to 2011 for eight industrialized countries. We find that more synchronized business cycles are associated with stronger FDI relations in the period 1995 to 2011, but not before 1995. More...

This paper assesses the information content of two survey indicators for consumption developments in the near future for eight European countries in the period 1985-1998. Empirical work on this topic typically focuses on consumer confidence, the perceptions of buyers of consumption goods. This...

The static mean-variance (MV) portfolio model is extended with capital controls and tested on quarterly data for German private net wealth. Investors have to learn about the forecasting model using the available information. Estimation takes place in two stages: for each period an up-to-date...