KBW 19: Measures of potential output and the output gap are of great importance for policy-makers who need to assess the cyclical...

Some recent empirical studies deny any direct performance effects of measures of geography and conclude that institutions trump all...

In this paper, it is analyzed whether core money growth helps to predict future inflation in a useful and reliable way. Using an...

In diesem Beitrag wird die Inflationsrate in Deutschland mit Hilfe eines Common Trends Modells untersucht. Ausgehend von einem IS-LM...

This paper develops a new point estimator for the AR(1) coeffcient in the linear regression model with arbitrary exogenous regressors...

The development of unit root tests continues unabated, with many recent contributions using techniques such as GLS detrending and...

Some recent empirical studies deny any direct effect of geography on development and conclude that institutions dominate all other...

This paper investigates the relative small sample performance of several robust unit root tests by means of a simulation study. It is...

We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality...

We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality...

This article analyzes the question whether money demand in the euro area underwent a structural change in the end of 2001 when M3...

This paper proposes a model of the term structure with nonstationary term premia which exhibit a factor structure. This explains the...

In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We...

In this paper we analyze money demand in the four largest EMU countries. In addition, we study a four-country (EMU-4) aggregate. We...

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether...

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether...

This paper analyzes the question whether money demand in the Euro area has undergone a structural change in the recent time when M3...

This paper uses dynamic panel data methods to examine the determinants of Foreign Direct Investment (FDI) into Central and Eastern...

In this paper we analyze the forecasting ability of the term structure with respect to future inflation in Germany. In contrast to...