We propose a bivariate structural time series framework to decompose GDP and the unemployment rate into their trend, cyclical, and irregular components. We implement Okun's law by a generalised version of the common cycles restriction allowing for a phase shift between the two cycles and add a...

Dieser Artikel untersucht die quantitativen Auswirkungen von risiko-gewichtetem Bankeigenkapital auf das Wachstum von Bankenkrediten in Österreich. Die Untersuchungsperiode umfasst die Jahre 1996 bis 2000. Die panel-ökonometrische Analyse erfolgt auf der Grundlage von Jahresbilanzdaten von 750...

Risk-Taking and Solvency Regulation in Banking – A Note – In a dynamic setting intertemporal effects can arise that render capital rules in banking as advocated by the Basel Committee of Banking Supervision counterproductive. It is quite possible that the banks' desire for excessive...