There is a broad agreement that transportation activity is closely linked to the business cycle. Nevertheless, data from the transportation sector have not been part of the tool kit of business cycle analysts due to long publications lags. With the disseminations of electronic road pricing...

National accounts are subject to major revisions. To improve the reliability of the first release data, it is important to know whether these revisions show systematic patterns, or in other words, whether national accounts are informational efficient in the sense that they incorporate all...

This paper analyzes the introduction of the German minimum wage in 2015 in a structural model geared to quantitatively assess its long-run economic effects. We first employ a simple neoclassic model where wages equal theirmarginal product, then extend thismodel to two sector economy, and finally...