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976 results, from 911
  • Referierte Aufsätze Web of Science

    Declining Output Volatility in Germany: Impulses, Propagation and the Role of Monetary Policy

    The decline in output volatility in Germany is analysed. A lower level of variance in an autoregressive model of output growth can be either due to a change in the structure of the economy (a change in the propagation mechanism) or a reduced error term variance (reduced impulses). In Germany the decline output volatility is due to a decline in the persistence of the growth process. This is in contrast ...

    In: Applied Economics 37 (2005), 21, S. 2445-2457 | Ulrich Fritsche, Vladimir Kuzin
  • Diskussionspapiere 554 / 2006

    Using the Dynamic Bi-Factor Model with Markov Switching to Predict the Cyclical Turns in the Large European Economies

    The appropriately selected leading indicators can substantially improve the forecasting of the peaks and troughs of the business cycle. Using the novel methodology of the dynamic bi-factor model with Markov switching and the data for the three largest European economies (France, Germany, and UK) we construct a composite leading indicator (CLI) and a composite coincident indicator (CCI) as well as corresponding ...

    2006| Konstantin A. Kholodilin
  • Externe Monographien

    European Inflation Expectations Dynamics

    Frankfurt (Main): Deutsche Bundesbank, 2005, 46 S.
    (Discussion Paper Series 1 : Economic Studies ; 37/2005)
    | Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 571 / 2006

    The Dynamics of European Inflation Expectations

    We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two alternative parametrizations of the sticky information ...

    2006| Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 615 / 2006

    Sticky Information Phillips Curves: European Evidence

    We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in Italy about once each six months.

    2006| Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 631 / 2006

    European Regional Convergence in a Human Capital Augmented Solow Model

    In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3.5 percent towards regional steady states. ...

    2006| Hans-Friedrich Eckey, Christian Dreger, Matthias Türck
  • Diskussionspapiere 667 / 2007

    Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

    Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses, 2000, Busetti et al., 2006) to Euro area ...

    2007| Ulrich Fritsche, Vladimir Kuzin
  • Diskussionspapiere 674 / 2007

    Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-Run Divergence? Results from a Comparison with the United States of America and Germany

    Using unit labor cost (ULC) data from Euro area countries as well as US States and German Länder we investigate inflation convergence using different approaches, namely panel unit root tests, co-integration tests and error-correction models. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the currency union are more pronounced in Europe ...

    2007| Sebastian Dullien, Ulrich Fritsche
  • Weitere externe Aufsätze

    Cost-Minimal Investments into Conventional Generation Capacities under a Europe-Wide Renewables Policy

    For the future development of the European electricity system, renewable generation is assigned a dominant role with the underlying aim to reduce the carbon intensity. This has direct implications for conventional, dispatchable generation capacities and their future development. The objective of this paper is to investigate the investments in conventional generation technologies for a given renewable ...

    In: 11th International Conference on the Europan Energy Market (EEM), 2014
    Krakow : IEEE
    7 S.
    | Clemens Gerbaulet, Friedrich Kunz, Casimir Lorenz, Christian von Hirschhausen, Benjamin Reinhard
  • Weitere referierte Aufsätze

    Power System Transformation toward Renewables: Investment Scenarios for Germany

    We analyze distinctive investment scenarios for the integration of fluctuating renewables in the German power system. Using a combined model for dispatch, transmission, and investment, three different investment options are considered, including gas-fired power plants, pumped hydro storage, and transmission lines. We find that geographically optimized power plant investments dominate in the reference ...

    In: Economics of Energy and Environmental Policy 3 (2014), 2,S. 29-43 | Jonas Egerer, Wolf-Peter Schill
976 results, from 911