One channel of business cycle shock transmission which gained attraction only recently is the confidence channel. The aim of the paper is to find out whether the confidence channel is actually working between the US and Germany. This is analysed using times series methods. In contrast to other...

Regional convergence has emerged as a major topic during recent years. Several theoretical and empirical approaches have been developed which explain in what respect regions converge or diverge. Some have laid special emphasis on the role of migration. This paper applies these approaches to...