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Journal Article
The analytics of German monetary unification
Velde, Francois R.; Sargent, Thomas J.
(1990-10)
Economic Review
, Issue Fall
, Pages 33-50
Working Paper
Optimal policy with limited commitment
Kasa, Kenneth
(1994)
This paper uses Whiteman's(1986) frequency-domain optimization methodology to parameterize the precommitment period in a standard rational expectations policy design model. This allows researchers to adopt an empirical approach to the time consistency issue. That is, the operative commitment horizon in a given policy setting can be estimated along with the other parameters characterizing the preferences and constraints of the agents in the model. It is shown that the commitment horizon can be estimated by running (restricted) regressions of the policymaker's instrument variable on past values ...
Working Papers in Applied Economic Theory
, Paper 94-16
Conference Paper
Banking relationships in Germany: empirical results and policy implications
Chirinko, Robert S.; Elston, Julie Ann
(1996)
Proceedings
, Paper 507
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
Working Paper
Germany and the European disease
Minford, Patrick; Davis, John
(1986)
This paper is concerned with the growth of unemployment in Europe in the late 70s and early 80s. Unemployment has risen to double digit rates in many countries, rates which are not considered likely to fall much in the rest of the 80s. A theory--'the disease'--is expounded, with empirical evidence from the Federal Republic of Germany. The disease is characterized by high unemployment and low output growth, these being systematic rather than the consequence of some temporary phenomenon such as the downphase of the business cycle. Consequently we present a 'natural rate' explanation as an ...
International Finance Discussion Papers
, Paper 296
Conference Paper
Why has potential growth declined? The case of Germany
Siebert, Horst
(1992)
Proceedings - Economic Policy Symposium - Jackson Hole
Working Paper
The burden of German unification: a generational accounting approach
Walliser, Jan; Gokhale, Jagadeesh; Raffelhuschen, Bernd
(1994)
An assessment of the generational stance of postunification German fiscal policy and an estimate of the burden of unification-related fiscal measures on West German generations, finding that future generations will bear much larger lifetime net tax burdens than current newborns.
Working Papers (Old Series)
, Paper 9412
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
Journal Article
German banks as financial department stores
Hoffman, Diether H.
(1971-11)
Review
, Volume 53
, Issue Nov
, Pages 8-13
Working Paper
Optimal exchange market intervention: evidence from France and West Germany during the post-Bretton Woods era
Cody, Brian J.
(1989)
Working Papers
, Paper 89-2
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