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Conference Paper
Why has potential growth declined? The case of Germany
Siebert, Horst (1992)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Banking systems and economic growth: lessons from Britain and Germany in the pre-World War I era
Fohlin, Caroline (1998-05)
Review , Issue May , Pages 37-48

Discussion Paper
Structural changes in the real GNP interdependence of the U.S., West Germany, and Japan during the period 1970-1986
Aoki, Masanao (1989)
The paper first locates quarters in the early 1970s at which the covariance matrices of the innovation vectors have shifted for the real GNPs of the USA, West Germany and Japan treated as univariate series. The paper then exhibits differences in the impulse response time profiles of the two models estimated from the data primarily before and after the break as a concise summary of the changes in dynamic interactions of the three real GNPs.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 20

Conference Paper
Overview of the symposium, Changing Capital Markets: Implications for Monetary Policy (panel)
Gyohten, Toyoo (1993)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Germany's recession continues, but long-term outlook is bright
Chriszt, Michael J. (1993-07)
Economics Update , Issue Jul , Pages 2-4

Working Paper
The role of real wages, productivity and fiscal policy in Germany's Great Depression 1928-1937
Fisher, Jonas D. M.; Hornstein, Andreas (2001)
We study the behavior of output, employment, consumption, and investment in Germany during the Great Depression of 1928-37. In this time period, real wages were countercyclical, and productivity and fiscal policy were procyclical. We use the neoclassical growth model to investigate how much these factors contribute to the Depression. We find that real wages, which were significantly above their market clearing levels, were the most important factor for the economic decline in the Depression. Changes in productivity and fiscal policy were also important for the decline and recovery. Even ...
Working Paper Series , Paper WP-01-07

Working Paper
How independent should a central bank be?
Fischer, Stanley; Debelle, Guy (1994)
The case for an independent central bank is becoming increasingly accepted. This new orthodoxy is based on three foundations: the success of the Bundesbank and the German economy over the past forty years; the theoretical academic literature on the inflationary bias of discretionary policy-making; and the empirical academic literature on central bank independence (CBI). The purpose of this paper is to examine each of the three legs of the argument for increased CBI. ; First we examine the empirical evidence on the relationship between CBI and economic performance. In this context, we compare ...
Working Papers in Applied Economic Theory , Paper 94-05

Working Paper
A comparison of discount rate models using international stock market data
Kasa, Kenneth (1994)
This paper compares the ability of four discount rate models to explain the cross-sectional and time-series variation of stock returns in the U.S., Japan, England, Germany, and Canada. The data consist of quarterly returns (in dollars) on Morgan Stanley's Capital International indices for the period 1972 through 1991. The following four models are considered: (1) A consumption CAPM model, linking the discount rate to the intertemporal marginal rate of substitution in consumption, (2) A production CAPM model, linking the discount rate to the intertemporal marginal rate of transformation in ...
Working Papers in Applied Economic Theory , Paper 94-15

Working Paper
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence
Glick, Reuven; Hutchison, Michael M. (1994)
Pacific Basin Working Paper Series , Paper 94-09

Journal Article
Monetary policy in West Germany
Trehan, Bharat (1988)
FRBSF Economic Letter

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