Bei der Lehrstellensuche von Hauptschülern zählen Lernmotivation, Arbeitstugenden und Sozialkompetenz mehr als Fachnoten. Die schulische Berufsorientierung trägt Früchte: Die Berufswünsche der meisten Hauptschüler sind konkret und realistisch. Ausschlaggebend ist der frühe und...

The paper develops a three-asset-portfolio model to analyse consequences of foreign exchange market operations by Asian central banks on the exchange rates between euro, dollar and yen. Both an analytical as well as a graphical solution is presented. It is found that -- contrary to public belief...

A European transfer system could contribute to a stabilization of the euro area by synchronizing business cycles in the monetary union, thereby simplifying the common monetary policy. Such a system is suggested here in the form of a European unemployment insurance system. Compared to other forms...

In this second issue of the European Journal of Economics and Economic Policies: Intervention (EJEEP), the Papers and Proceedings of the Research Network Macroeconomics and Macroeconomic Policies (FMM), 1 we publish some invited papers which were presented at the 17th FMM conference on...

The paper traces the treatment of fiscal policy in mainstream Keynesian models, from IS-LM over simple dynamic New Keynesian models to the most sophisticated New Keynesian dynamic stochastic general equilibrium (DSGE) models and compares it with stylized empirical facts on the impact of fiscal...