Discussion Papers
The Discussion Papers with economic studies or financial and banking studies are elaborated by the research centre of the Deutsche Bundesbank.
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Precautionary saving and income uncertainty in Germany - new evidence from microdata Nikolaus Bartzsch
368 KB, PDF
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The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis Kirsten H. Heppke-Falk, Jörn Tenhofen, Guntram B. Wolff
412 KB, PDF
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Does trade openness increase firm-level volatility? Claudia M. Buch, Jörg Döpke, Harald Strotmann
348 KB, PDF
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How strong is the impact of exports and other demand components on German import demand? Evidence from euro-area and non-euro-area imports Claudia Stirböck
499 KB, PDF
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How to treat benchmark revisions? The case of German production and orders statistics Thomas A. Knetsch, Hans-Eggert Reimers
371 KB, PDF
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Has the export pricing behaviour of German enterprises changed? Empirical evidence from German sectoral export prices Kerstin Stahn
405 KB, PDF
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Sector concentration in loan portfolios and economic capital Discussion paper 09/2006: Klaus Düllmann, Nancy Masschelein
377 KB, PDF
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The cost efficiency of German banks: a comparison of SFA and DEA Discussion paper 10/2006: Elisabetta Fiorentino, Alexander Karmann, Michael Koetter
559 KB, PDF
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Political risk and export promotion: evidence from Germany Christoph Moser, Thorsten Nestmann, Michael Wedow
450 KB, PDF
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The stability of efficiency rankings when risk-preferences and objectives are different Discussion paper 08/2006: Michael Koetter
599 KB, PDF
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Fiscal institutions, fiscal policy and sovereign risk premia Mark Hallerberg, Guntram B. Wolff
348 KB, PDF
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Macroeconomic fluctuations and bank lending: evidence for Germany and the euro area Sandra Eickmeier, Boris Hofmann, Andreas Worms
447 KB, PDF
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Real-time forecasting of GDP based on a large factor model with monthly and quarterly data Christian Schumacher, Jörg Breitung
421 KB, PDF
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Forecasting using a large number of predictors: is Bayesian regression a valid alternative to principal components? Christine De Mol, Domenico Giannone, Lucrezia Reichlin
325 KB, PDF
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Comovements and heterogeneity in the euro area analyzed in a non-stationary dynamic factor model Sandra Eickmeier
600 KB, PDF
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Dependence on external finance: an inherent industry characteristic? George M. von Furstenberg, Ulf von Kalckreuth
394 KB, PDF
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Empirical risk analysis of pension insurance - the case of Germany Discussion paper 07/2006: Wolfgang Gerke, Ferdinand Mager, Timo Reinschmidt, Christian Schmieder
162 KB, PDF
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The within-distribution business cycle dynamics of German firms Jörg Döpke, Sebastian Weber
959 KB, PDF
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Banks´ regulatory buffers, liquidity networks and monetary policy transmission Discussion paper 06/2006: Christian Merkl, Stéphanie Marie Stolz
179 KB, PDF
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Empirical Bayesian density forecasting in Iowa and shrinkage for the Monte Carlo era Kurt F. Lewis, Charles H. Whiteman
458 KB, PDF
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Learning, structural instability and present value calculations Hashem Pesaran, Davide Pettenuzzo, Allan Timmermann
371 KB, PDF
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Do actions speak louder than words? Household expectations of inflation based on micro consumption data Atsushi Inoue, Lutz Kilian, Fatma Burcu Kiraz
284 KB, PDF
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Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios Discussion paper 05/2006: Evelyn Hayden, Daniel Porath, Natalja von Westernhagen
382 KB, PDF
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Margins of multinational labor substitution Sascha O. Becker, Marc-Andreas Mündler
393 KB, PDF
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Heterogeneity in lending and sectoral growth: evidence from German bank-level data Discussion paper 04/2006: Claudia M. Buch, Andrea Schertler, Natalja von Westernhagen
578 KB, PDF
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Real-time forecasting and political stock market anomalies: evidence for the U.S. Martin T. Bohl, Jörg Döpke, Christian Pierdzioch
399 KB, PDF
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A reappraisal of the evidence on PPP: a systematic investigation into MA roots in panel unit root tests and their implications Christoph Fischer, Daniel Porath
287 KB, PDF
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Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers Campbell Leith, Leopold von Thadden
483 KB, PDF
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How would formula apportionment in the EU affect the distribution and the size of the corporate tax base? - An analysis based on German multinationals Clemens Fuest, Thomas Hemmelgarn, Fred Ramb
181 KB, PDF
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Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia Kerstin Bernoth, Guntram B. Wolff
315 KB, PDF
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Consumer price adjustment under the microscope: Germany in a period of low inflation Johannes Hoffmann, Jeong-Ryeol Kurz-Kim
860 KB, PDF
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Internalization and internationalization under competing real options Jan Hendrik Fisch
287 KB, PDF
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Identifying the role of labor markets for monetary policy in an estimated DSGE model Kai Christoffel, Keith Küster, Tobias Linzert
2 MB, PDF
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Measuring business sector concentration by an infection model Discussion paper 03/2006: Klaus Düllmann
565 KB, PDF
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Finance and growth in a bank-based economy: is it quantity or quality that matters? Discussion paper 02/2006: Michael Koetter, Michael Wedow
430 KB, PDF
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Forecasting the price of crude oil via convenience yield predictions Thomas A. Knetsch
457 KB, PDF
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Inflation and relative price variability in the euro area: evidence from a panel threshold model Dieter Nautz, Juliane Scharff
433 KB, PDF
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Foreign direct investment in the enlarged EU: do taxes matter and to what extent? Guntram B. Wolff
330 KB, PDF
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Forecasting stock market volatility with macroeconomic variables in real time Discussion paper 01/2006: Jörg Döpke, Daniel Hartmann, Christian Pierdzioch
284 KB, PDF
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics Kai Christoffel, Tobias Linzert
568 KB, PDF
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Real-time macroeconomic data and ex ante predictability of stock returns Jörg Döpke, Daniel Hartmann, Christian Pierdzioch
391 KB, PDF
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Capital, labour and productivity: What role do they play in the potential GPD weakness of France, Germany and Italy? Antonio Bassanetti, Jörg Döpke, Roberto Torrini, Roberta Zizza
511 KB, PDF
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Has the impact of key determinants of German exports changed? Results from estimations of Germany´s intra euro-area and extra euro-area exports Kerstin Stahn
319 KB, PDF
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The coordination channel of foreign exchange intervention: a nonlinear microstructural analysis Stefan Reitz, Mark P. Taylor
350 KB, PDF
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Bond pricing when the short term interest rate follows a threshold process Wolfgang Lemke, Theofanis Archontakis
318 KB, PDF
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A disaggregated framework for the analysis of structural developments in public finances Jana Kremer, Claudia Rodrigues Braz, Teunis Brosens, Geert Langenus, Sandro Momigliano, Mikko Spolander
606 KB, PDF
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Going multinational: What are the effects on home market performance? Robert Jäckle
333 KB, PDF