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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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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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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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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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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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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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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Internalization and internationalization under competing real options Discussion paper 15/2006: Jan Hendrik Fisch
287 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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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
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Inflation and relative price variability in the euro area: evidence from a panel threshold model Discussion paper 14/2006: 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? Discussion paper 13/2006: 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 Discussion paper 11/2006: Kai Christoffel, Tobias Linzert
568 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? Discussion paper 09/2006: Antonio Bassanetti, Jörg Döpke, Roberto Torrini, Roberta Zizza
511 KB, PDF
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Real-time macroeconomic data and ex ante predictability of stock returns Discussion paper 10/2006: Jörg Döpke, Daniel Hartmann, Christian Pierdzioch
391 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 Discussion paper 07/2006: Kerstin Stahn
319 KB, PDF
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The coordination channel of foreign exchange intervention: a nonlinear microstructural analysis Discussion paper 08/2006: Stefan Reitz, Mark P. Taylor
350 KB, PDF
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Bond pricing when the short term interest rate follows a threshold process Discussion paper 06/2006: Wolfgang Lemke, Theofanis Archontakis
318 KB, PDF
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A disaggregated framework for the analysis of structural developments in public finances Discussion paper 05/2006: Jana Kremer, Claudia Rodrigues Braz, Teunis Brosens, Geert Langenus, Sandro Momigliano, Mikko Spolander
606 KB, PDF
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Exports versus FDI in German manufacturing: firm performance and participation in international markets Discussion paper 04/2006: Jens Matthias Arnold, Katrin Hussinger
472 KB, PDF
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Going multinational: What are the effects on home market performance? Discussion paper 03/2006: Robert Jäckle
333 KB, PDF
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Sticky prices in the euro area: a summary of new micro evidence Discussion paper 02/2006: Luis Alvarez, Emmanuelle Dhyne, Marco M. Hoeberichts, Claudia Kwapil, Herve Le Bihan, Patrick Lünnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen, Juoko Vilmunen
272 KB, PDF
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The dynamic relationship between the Euro overnight rate, the ECB´s policy rate and the term spread Discussion paper 01/2006: Dieter Nautz, Christian J. Offermanns
233 KB, PDF
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Price setting in German manufacturing: new evidence from new survey data Discussion paper 43/2005: Harald Stahl
538 KB, PDF
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Unit roots and cointegration in panels Discussion paper 42/2005: Jörg Breitung, M. Hashem Pesaram
572 KB, PDF
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Trade balances of the central and east European EU member states and the role of foreign direct investment Discussion paper 41/2005: Sabine Herrmann, Axel Jochem
561 KB, PDF
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Inefficient or just different? Effects of heterogeneity on bank efficiency scores Discussion paper 15/2005: Jaap W.B. Bos, Frank Heid, Michael Koetter, James W. Kolari, Clemens J.M. Kool
464 KB, PDF
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Incorporating prediction and estimation risk in point-in-time credit portfolio models Discussion paper 13/2005: Alfred Hamerle, Michael Knapp, Thilo Liebig, Nicole Wildenauer
568 KB, PDF
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Evaluating the German bank merger wave Discussion paper 12/2005: Michael Koetter
469 KB, PDF
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Time series properties of a rating system based on financial ratios Discussion paper 14/2005: Ulrich Krüger, Martin Stötzel, Stefan Trück
717 KB, PDF
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Dynamic factor models Discussion paper 38/2005: Jörg Breitung, Sandra Eickmeier
443 KB, PDF
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Short-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italy Discussion paper 39/2005: Thomas A. Knetsch
1 MB, PDF
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A "wreckers theory" of financial distress Discussion paper 40/2005: Ulf von Kalckreuth
616 KB, PDF
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Financial integration and systemic risk Discussion paper 11/2005: Falko Fecht, Hans Peter Grüner
636 KB, PDF
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Monetary policy with model uncertainty: distribution forecast targeting Discussion paper 35/2005: Lars E.O. Svensson, Noah Williams
550 KB, PDF