Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
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Threshold dynamics of short-term interest rates: empirical evidence and implications for the term structure Discussion paper 02/2007: Theofanis Archontakis, Wolfgang Lemke
528 KB, PDF
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The effect of FDI on job separation Discussion paper 01/2007: Sascha O. Becker, Marc-Andreas Mündler
454 KB, PDF
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Granularity adjustment for Basel II Discussion paper 01/2007: Michael B. Gordy, Eva Lütkebohmert
329 KB, PDF
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A new mixed multiplicative-additive model for seasonal adjustment Discussion paper 47/2006: Stephanus Arz
511 KB, PDF
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Price adjustment in German manufacturing: evidence from two merged surveys Discussion paper 46/2006: Harald Stahl
749 KB, PDF
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Money market derivatives and the allocation of liquidity risk in the banking sector Discussion paper 12/2006: Falko Fecht, Hendrik Hakenes
406 KB, PDF
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Limits to international banking consolidation Discussion paper 11/2006: Falko Fecht, Hans Peter Grüner
414 KB, PDF
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The role of technology in M&As: a firm-level comparison of cross-border and domestic deals Discussion paper 45/2006: Rainer Frey, Katrin Hussinger
487 KB, PDF
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Industries and the bank lending effects of bank credit demand and monetary policy in Germany Discussion paper 48/2006: Ivo J.M. Arnold, Clemens J.M. Kool, Katharina Raabe
346 KB, PDF
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Precautionary saving and income uncertainty in Germany - new evidence from microdata Discussion paper 44/2006: Nikolaus Bartzsch
368 KB, PDF
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Regionalwährungen in Deutschland - Lokale Konkurrenz für den Euro? Diskussionspapier 43/2006: Gerhard Rösl
473 KB, PDF
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Regional currencies in Germany - local competition for the Euro? Discussion paper 43/2006: Gerhard Rösl
478 KB, PDF
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How good are dynamic factor models at forecasting output and inflation? A meta-analytic approach Discussion paper 42/2006: Sandra Eickmeier, Christina Ziegler
566 KB, PDF
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The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis Discussion paper 41/2006: Kirsten H. Heppke-Falk, Jörn Tenhofen, Guntram B. Wolff
412 KB, PDF
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Does trade openness increase firm-level volatility? Discussion paper 40/2006: 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 Discussion paper 39/2006: Claudia Stirböck
499 KB, PDF
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How to treat benchmark revisions? The case of German production and orders statistics Discussion paper 38/2006: 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 Discussion paper 37/2006: 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 Discussion paper 36/2006: 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 Discussion paper 35/2006: Mark Hallerberg, Guntram B. Wolff
348 KB, PDF
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Macroeconomic fluctuations and bank lending: evidence for Germany and the euro area Discussion paper 34/2006: 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 Discussion paper 33/2006: 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? Discussion paper 32/2006: Christine De Mol, Domenico Giannone, Lucrezia Reichlin
325 KB, PDF
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Dependence on external finance: an inherent industry characteristic? Discussion paper 30/2006: George M. von Furstenberg, Ulf von Kalckreuth
394 KB, PDF
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Comovements and heterogeneity in the euro area analyzed in a non-stationary dynamic factor model Discussion paper 31/2006: Sandra Eickmeier
600 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 Discussion paper 29/2006: 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 Discussion paper 28/2006: Kurt F. Lewis, Charles H. Whiteman
458 KB, PDF
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Learning, structural instability and present value calculations Discussion paper 27/2006: 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 Discussion paper 26/2006: 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 Discussion paper 24/2006: 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. Discussion paper 22/2006: 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 Discussion paper 23/2006: 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 Discussion paper 21/2006: 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 Discussion paper 20/2006: Clemens Fuest, Thomas Hemmelgarn, Fred Ramb
181 KB, PDF
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Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia Discussion paper 19/2006: Kerstin Bernoth, Guntram B. Wolff
315 KB, PDF
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Do monetary indicators (still) predict euro area inflation? Discussion paper 18/2006: Boris Hofmann
604 KB, PDF
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Consumer price adjustment under the microscope: Germany in a period of low inflation Discussion paper 16/2006: Johannes Hoffmann, Jeong-Ryeol Kurz-Kim
860 KB, PDF
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Identifying the role of labor markets for monetary policy in an estimated DSGE model Discussion paper 17/2006: Kai Christoffel, Keith Küster, Tobias Linzert
2 MB, PDF
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Internalization and internationalization under competing real options Discussion paper 15/2006: Jan Hendrik Fisch
287 KB, 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 Discussion paper 12/2006: Thomas A. Knetsch
457 KB, PDF