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The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10001753573
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10001914194
This paper empirically assesses whether the deployment and use of Information and Communication Technology (ICT) infrastructure at the national level affects trade flows within the European Union (EU) and between the EU and its main trading partners. The analysis tests the hypothesis that...
Persistent link: https://www.econbiz.de/10009580112
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(’selection neglect bias’). Based on representative survey data from Germany, I document substantial misperceptions of the part …
Persistent link: https://www.econbiz.de/10013493940
, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …
Persistent link: https://www.econbiz.de/10001557239
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-oekonomischen Panels (SOEP) die Rolle der Nutzung von Computern am Arbeitsplatz als Determinante der Lohnstruktur in Deutschland untersucht …In this paper, the role of the computer at the workplace will be examined in determining the wage structure in Germany … random effects and fixed effects estimator were run in the wage estimation. We confirm the results that Entorf/Kramarz (1997 …
Persistent link: https://www.econbiz.de/10011432348
In 1986 German federal parental leave and benefit policy was expanded in several ways, extending the potential duration of leave from six to ten months and paying child-rearing benefits to all new mothers regardless of their employment status before childbirth. The potential duration has...
Persistent link: https://www.econbiz.de/10011436245