Recent calculations have suggested that the German federal government has saved roughly EUR 90-100 billion, cumulatively, due to low...

Kiel Policy Brief No. 78: Official tax projections often exhibit increasing tax ratios in the medium term. However, such tendencies...

Farmer and Wendner [Farmer, K., Wendner R., 2004. Dynamic multi-sector CGE modeling and the specification of capital. Structural...

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used...

Releases of GDP data undergo a series of revisions over time. These revisions have an impact on the results of macroeconometric models...

Kiel Policy Brief No. 112: The paper addresses the public budget surpluses in Germany against the backdrop of the coalition talks...

In einer Regressionsanalyse werden mögliche Determinanten kommunaler Verschuldung untersucht. Von erheblicher Bedeutung sind die...

Kiel Policy Brief No. 98: The financial situation of the statutory health insurance in Germany dramatically deteriorated in recent...

Due to their indeterminacies, static and dynamic factor models require identifying assumptions to guarantee uniqueness of the...

Considering latent heterogeneity is of special importance in non-linear models in order to gauge correctly the effect of explanatory...

Since the announcement of the outright monetary transactions program (OMT), government bond yield spreads have decreased substantially...

The debt crisis in the euro area led to obvious changes in the structure of euro area bond markets. To model the process of...

Due to their indeterminacies, static and dynamic factor models require identifying assumptions to guarantee uniqueness of the...

We analyze unemployment dynamics for Germany on a regional basis by means of an approximate factor model. We first estimate the number...

Real M1 is a renowned leading indicator used to forecast real economic activity. This note provides evidence that real M1 is also a...

Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond spreads are...

Due to their well-known indeterminacies, factor models require identifying assumptions to guarantee unique parameter estimates. For...

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular...

Using Bayesian methods, we analyze whether a volatility reduction as sharp as documented for growth of U.S. gross domestic product...

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular...