Showing 1 - 10 of 3,828
Persistent link: https://www.econbiz.de/10011476186
Zusammenfassung Mit dem Beitritt zur Europäischen Währungsunion geben die Mitgliedsländer (und ihre Zentralbanken) die Souveränität in geldpolitischen Fragen an die Europäische Zentralbank ab. Die Geldpolitik scheidet somit als Instrument der nationalen Wirtschaftspolitik aus. Wenn ihr...
Persistent link: https://www.econbiz.de/10014608685
This paper investigates the relation between asymmetries in the distribution of shares in joint ventures and … asymmetries between the parent companies. When the joint venture and the parent companies are controlled by separate entities, we …
Persistent link: https://www.econbiz.de/10005101772
prices in Turkey. Furthermore, Threshold VAR (TVAR) models are used to assess the possibility of asymmetries in the pass … significant asymmetries in the relationship between exchange rate and inflation as measured by Wholesale and Consumer Price … with higher exchange rate depreciation and periods with lower inflation. Evidence for asymmetries arise from the magnitude …
Persistent link: https://www.econbiz.de/10005689718
Erwartungen über zukünftige Entwicklungen spielen für die Beurteilung der aktuellen wirtschaftlichen Situation eine entscheidende Rolle. Als eine Erklärung konjunktureller Schwankungen wird beispielsweise in der Konjunkturtheorie die Erwartungsbildung bei unvollständigen Informationen...
Persistent link: https://www.econbiz.de/10009129467
Im Rahmen der regelmäßigen Revisionen der Volkswirtschaftlichen Gesamtrechnungen (VGR) werden nicht nur die Daten am aktuellen Rand, sondern auch weit in die Vergangenheit zurückreichende Zeitreihen überarbeitet. Damit gehen regelmäßig Niveaueffekte, zum Beispiel ein höheres...
Persistent link: https://www.econbiz.de/10010320003
The economic forecasts for Germany in the period 2001 to 2003 grossly missed reality. Forecasters estimated an average annual growth rate of 1.6 per cent, but real GDP actually grew by only 0.3 per cent per annum. In 2003 the real GDP in Germany even shrank by 0.1 per cent. Forecasters tend to...
Persistent link: https://www.econbiz.de/10010262887
This note shows that German real GDP follows a trend-stationary process. Both tests which have trend-stationarity as the alternative hypothesis as well as tests that have it under the null hypothesis prefer the trend-stationary model. Explicit consideration of breaks in the trend is not...
Persistent link: https://www.econbiz.de/10010265453
With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector the influence of inventory changes on the business sector should become less important over time. However, the empirical eyidence for Germany in the period 1970-1994 shows that...
Persistent link: https://www.econbiz.de/10010275352
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10010276108